On-chain Weekly Digest: The total NFT market cap has bounced back above $11 billion
Kaito announces ICO style launchpad, Solana shows Robust On-Chain Metrics...
On-Chain Overview
Crypto market cap rose 3.99% to $3.91T, with DEX volume surging 18.73% to $127.02B; PancakeSwap led in revenue (+42.1%) while BSC remained the top chain by DEX volume despite a 3.76% dip.
（Data accurate as of: July 21, 2025, 3:00 am, UTC）
Altcoin, Meme coin, NFT and RWA
Altcoin market cap rose 10.53% to $1.06T, driven by a 46.37% surge in weekly meme coin volume and a 21.99% rise in meme market cap, while NFT market cap also jumped 17.86% to $11.15B.
（Data accurate as of: July 21, 2025, 3:00 am, UTC）
Macro, Stocks & Commodities
Gold, equities, and the dollar posted modest gains, while the 10Y US bond yield rose 1.52%, VIX dropped 6.82%, and Brent crude oil fell 2.49%.
（Data accurate as of: July 21, 2025, 3:00 am, UTC）
Key Events of the Week
NFT ｜ The total NFT market cap has bounced back above $6 billion(20 July)
The bounce is driven by renewed whale activity including a sweep of 45 CryptoPunks for over 2,000 ETH.
Launchpad | Kaito announces ICO style launchpad (16 July)
NFT | Autoglyph #157 Sold for 380K USDC on Gondi (17 July)
As ETH appreciates, demand for iconic digital art surges, marked by the $380,000 USDC sale of Autoglyph #157 on Gondi.
SOL | Solana shows Robust On-Chain Metrics (20 July)
@the_defi_report’s latest Solana dashboard reveals over $2.5M in daily revenue, 8% staking yield, $11B in stablecoins, and $9B+ TVL, offering a detailed view of the network’s growing ecosystem and validator distribution.
ETF | 21Shares files crypto index ETFs via ‘easy-to-access’ method (20 July)
21Shares has filed for two crypto index ETFs under the faster 1940 Act route, which would help the issuer to avoid the agency’s delay.
NFT | Top NFT collections roar back to life as Ethereum and Solana prices pump (21 July)
NFT market surges alongside ETH and SOL rallies, with top collections like CryptoPunks and Pudgy Penguins posting double-digit floor price gains, signaling renewed risk appetite and capital rotation from BTC into altcoins and speculative assets.
Defi | MorphoLabs Surpasses $8B in Deposits as Expansion Accelerates (20 July)
MorphoLabs continues its rapid ascent with over $8B in deposits, strong adoption on Katana and Unichain, and expansion to TON via TacBuild, positioning Morpho V2’s intent-based lending as a core infrastructure layer in modular DeFi.
Looking Ahead
InfoFi | Cookie and Legion partner for InfoFi (27 July)
SOL | @solanamobile to start shipping on August 4th 2025 (4 Aug)
Wrapping Up
From a market data perspective: Crypto market cap climbed 3.99% to $3.91T, with strong momentum in meme coins (+21.99% market cap, +46.37% volume), and NFTs (market cap +17.86% to $11.15B), while DEX activity also rose sharply (+18.73%).
From a market events perspective: NFT whale activity, Solana’s robust on-chain metrics, MorphoLabs’ $8B milestone, and 21Shares’ fast-track ETF filing all point to rising investor interest and capital rotation into high-growth crypto sectors.
