Locked liquidity in DeFi hit $270 billion in July, with tokenized stocks contributing to the growth. NFT trading volumes surged 96% to $530 million, and average NFT prices doubled to $105. NFT activity slightly surpassed DeFi, with 3.85 million daily active wallets engaging with NFT DApps. Major brands like Nike and Louis Vuitton entered the NFT space.

In July, NFT trading volume rose 36% to $530 million, with an increase in interest in OG collections like CryptoPunks. However, NFT market volume is still below its 2021 peak, with a 19% decrease year-over-year. CryptoPunks dominated the top NFT sales, showing a slow recovery compared to previous years.

Read more at CoinTelegraph: DeFi Soars with Tokenized Stocks, But User Activity Shifts to NFTs