On-chain Weekly Digest: Hyperliquid has recently deployed the CoreWriter system contract
Pump.fun Launches $PUMP Token ICO and Acquires Kolscan to Gamify Onchain Trading...
On-Chain Overview
Crypto market data signals a healthy uptrend, with ETF daily inflows to BTC and ETH reaching multi-month highs, and memecoin volumes rebounding sharply. Liquidity is steadily rotating from BTC to altcoins, indicating broader market participation without signs of overheating.
Crypto market cap surged 12.24% to $3.76T, with DEX volume jumping 22.51% to $106.98B, while PancakeSwap led in revenue and BSC remained the top chain by DEX activity.
（Data accurate as of: July 14, 2025, 8:00 am, UTC）
Altcoin, Meme coin, NFT and RWA
Altcoin market cap rose 13.53% to $959.55B, led by a 55% surge in meme coin trading volume and a 21.44% gain in meme market cap, while NFT market cap grew modestly by 10.39%.
（Data accurate as of: July 14, 2025, 8:00 am, UTC）
Macro, Stocks & Commodities
Gold and equities posted modest gains, while rising bond yields (+2.1%) and oil prices (+4.14%) alongside a higher VIX (+5.01%) point to growing market caution and inflation concerns.
（Data accurate as of: July 14, 2025, 8:00 am, UTC）
Key Events of the Week
DEX | Hyperliquid’s open interest reached a new ATH, surpassing $11.3 billion (13 July)
NFT | OpenSea buys mobile trading platform Rally （8 July）
OpenSea is launching a next-generation mobile platform in 2025—powered by the Rally team—to unify tokens and NFTs, onboard hundreds of millions of onchain users, and redefine how people interact with crypto beyond just holding assets.
Launchpad | Pump.fun Launches $PUMP Token ICO and Acquires Kolscan to Gamify Onchain Trading (11 July)
Pump.fun launched its $PUMP token ICO at a $4B FDV on July 12, while acquiring Kolscan to enhance social trading features with wallet tracking and leaderboards.
Meme | The SEC acknowledges the filing for the Canary spot Pengu ETF (10 July)
NFT | CryptoPunk floor is back to 42 ETH ($114k) (10 July)
RWA | Maple Finance Overtakes BlackRock’s BUIDL in RWA AUM Race (13 July)
With $100M added in 24 hours, Maple Finance’s AUM hit $2.9B—surpassing BUIDL’s $2.3B and marking a milestone for crypto-native asset managers in real-world assets.
DEX | Hyperliquid has recently deployed the CoreWriter system contract (9 July)
CoreWriter system contract on its mainnet will make the establishment of seamless bidirectional interaction between HyperEVM and HyperCore.
Looking Ahead
CEX | Coinbase is launching US Perpetual-Style Futures on a CFTC-regulated US exchange (21 July)
ETH | 10 Years of Ethereum Meetups will be hold to celebrate the anniversary (30 July)
Wrapping Up
From a market data perspective:
Crypto market data indicates a healthy uptrend, with total market cap up 12.24% to $3.76T, DEX volume up 22.51% to $106.98B, and strong momentum in memecoins (+55% trading volume), while ETF inflows to BTC and ETH reached multi-month highs.
From a market events perspective:
Major developments include Hyperliquid’s new OI ATH ($11.3B) and CoreWriter deployment, OpenSea’s acquisition of Rally to launch a next-gen mobile platform, Pump.fun’s $PUMP ICO and Kolscan buyout, Maple overtaking BUIDL in RWA AUM, and the SEC acknowledging the filing for a $PENGU spot ETF.
