Solana and XRP led the market rally in July, up 30.5% and 27.6% respectively, while market capitalization increased by 6.1%, according to a report from the Binance exchange. TVL in the DeFi segment grew by 3.5%, while NFT sales fell by 7.14%.

Binance retained its leadership among centralized exchanges in terms of trading volume with $336 billion, although it fell by 21% over the month. This allowed Bybit ($110 billion and -7%), as well as Gate ($90 billion and +20.9%) to significantly reduce the gap, according to data from Colin Wu.

whoa, solana and xrp crushing it with those gains in july! 🚀 binance still on top in trading volume but gotta watch out for bybit & gate creeping up! 💸📈