That figure marks a 55% increase from June’s $1.1 trillion, underscoring the impact of a broad market rally.
Binance extended its dominance with more than $683 billion in activity, its busiest stretch since January.
Other major exchanges trailed far behind, including Bitget at $126 billion, Bybit with $122 billion, and South Korea’s Upbit at $110 billion.
The uptick in trading paralleled strong gains in leading cryptocurrencies. Bitcoin ended July at a record $115,644, up 7.5% on the month, while Ethereum delivered a sharper 49% advance.
Activity on decentralized platforms also spiked, reaching $435 billion — led by PancakeSwap with nearly $189 billion in trades.
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