A few charts highlighting where markets are today as we head towards a seemingly fast paced 2H2025---
DEX to CEX volumes highs - highlights both the shift in interfaces for trading spots, perps, etc. as well as the rise of hyperliquid
Application surface area has expanded dramatically, where the "defi mullet" reigns -- app frontend, dex backend
one of the most important metrics - developer talent remains relatively consistent, with a slight updward trend in 2025
Growth in RWAs has dominated institutional narratives, with private credit leading the charge
We're witnessing a "slow, then all at once" phenomenon as momentum builds to tokenize and custody these products
Numerous charts and data points illustrate the meteoric rise of stablecoins...starting with stablecoin transaction count highlights the velocity of usage
From the @BitwiseInvest quarterly market report - a view into the highest revenue generating applications
NFTs...I'm not saying we're in for round two. But I believe there is something brewing
NFT volume (EVM) in the past two years versus 3 months
I'd be remis to not include the meteoric rise of hyperliquid, which has largely dominated the perps volumes
many more charts out there, but if you're poking your head back into crypto after a long winter this covers a lot of the major market trends
charts from @TheBlock__ @Dune @RWA_xyz @Visa @AlliumLabs @BitwiseInvest
8.84K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.