July Web3 Highlights: NFT Surpasses DeFi, Total Lock-up Position Reaches New High, Security Risks Still Exist

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Web3 Industry July Update: NFT Popularity Surpasses Decentralized Finance, TVL Reaches New High

In the past month, the Web3 industry has shown a complex and changing landscape. Although the daily active user count has slightly decreased to 22 million (a drop of 8%), the NFT and Decentralized Finance sectors have demonstrated strong growth momentum.

NFT trading volume surged by 96%, reaching $530 million, with the average price doubling to $105. This caused NFT activity to surpass Decentralized Finance for the first time, becoming the market focus. Meanwhile, the total locked value (TVL) in DeFi also broke the $270 billion mark on July 28, setting a historical high with a month-on-month growth of 30%.

Game applications remain the most popular category, accounting for 22.4%. Following closely are artificial intelligence ( at 18.7% ) and NFT ( at 17.5% ) applications. It is noteworthy that the share of Decentralized Finance has fallen behind that of NFT, reflecting a shift in user behavior.

In the field of artificial intelligence, although most projects have seen a double-digit decline in activity, projects like Dmail, XPIN, and ChainGPT continue to maintain stable growth. Lightchain AI has launched a mainnet specifically designed for on-chain machine learning, showcasing the development direction of decentralized AI infrastructure.

However, security issues remain severe. Losses due to vulnerabilities reached $132 million in July, an increase of 16% compared to June. Major incidents include a $44 million server breach at CoinDCX, as well as losses of $42 million and $28 million at GMX v1 and BigONE exchanges, respectively.

In terms of regulation, the United States has passed several important cryptocurrency bills, including the "Genius Act" and the "Clarity Act," which provide a framework for stablecoins and the classification of digital assets. The U.S. Securities and Exchange Commission has also announced "Project Crypto," aimed at promoting the integration of DeFi and traditional finance.

Overall, the Web3 industry showed an active growth trend in July, especially in the NFT and Decentralized Finance sectors. However, security issues and regulatory developments remain significant challenges faced by the industry. As technology continues to evolve and application scenarios expand, Web3 is developing towards a more mature and diversified direction.

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0xSleepDeprivedvip
· 10h ago
The bull run scent has already begun.
View OriginalReply0
InfraVibesvip
· 10h ago
TVL hits a new high, let's see how long it can hold next week.
View OriginalReply0
MechanicalMartelvip
· 10h ago
Have you smelled the scent of the bull run?
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GasFeeAssassinvip
· 10h ago
The bosses' NFT is really nice~ The retail investors are going to chase the price again, right?
View OriginalReply0
BlockDetectivevip
· 10h ago
NFT is making a big comeback, and DeFi almost couldn't keep up with the pace.
View OriginalReply0
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