Market Overview
The final week of July saw Bitcoin holding steady above $30,000, while Ethereum dipped below $1,900. According to CoinGecko, BTC traded at $30,109 (-2% 24h), with ETH at $1,905. This follows last week's Ripple-SEC case-driven rally, now entering a consolidation phase.
BitBull Capital CEO Joe DiPasquale notes:
"The correction is unlikely to push Bitcoin below $27K long-term. Markets may consolidate near current levels."
Key metrics:
- Total Open Interest: $28.14B (+0.52%)
- BTC Dominance: $14.15B OI
- ETH OI: $6.14B
Stablecoin Landscape
Despite market gains, stablecoin market cap has declined to $128B since 2022. Dominant players:
| Stablecoin | Circulation | Market Share |
|---|---|---|
| USDT | $83.65B | 65% |
| USDC | $27.24B | 21% |
New entrant: Aave's GHO stablecoin ($2.2M minted) joins the DeFi ecosystem.
Top Weekend Performers
1inch Network (1INCH)
- Price: $0.430 (+75% weekend peak)
- Market Cap: $416.6M
- 24h Volume: $636M (+161%)
- 30d Growth: +55.5%
Key Developments:
- Fusion Resolvers facilitated $1B+ transactions
- Q2 saw 1M new aggregator users (up from 3.3M)
- V1 staking grew 20% to 184M 1INCH
๐ Discover how 1inch Network is revolutionizing DEX aggregation
Underperforming Assets
Lido DAO (LDO)
- Price: $2.11 (-11% weekend)
- Market Cap: $1.85B
- TVL: $15B (32% of staked ETH)
- Annual Growth: +120%
Recent Milestones:
- Added to Grayscale's DeFi Fund (19.04% weighting)
- stETH liquidity challenges noted by Kaiko
- Pendle Finance supports seven stETH pools
๐ Learn about Lido DAO's liquid staking advantages
FAQ Section
Q: Why did 1INCH surge 75% last weekend?
A: The spike followed protocol upgrades and growing DEX aggregation demand, though prices later corrected.
Q: How does Lido DAO maintain its ETH staking dominance?
A: Through liquid staking solutions that allow value access while earning rewards, currently commanding 32% market share.
Q: What's driving stablecoin market changes?
A: Regulatory scrutiny and DeFi innovation (like GHO) are reshaping the $128B sector, with USDT/USDC holding 87% combined share.
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