Announcements Gate Research: Web3 On-Chain Data Insights for July 2025｜Ethereum On-Chain Activity Rebounds, WorldChain Sees Strong Inflows

Gate Research: Web3 On-Chain Data Insights for July 2025｜Ethereum On-Chain Activity Rebounds, WorldChain Sees Strong Inflows

2025-08-08 03:44:30 UTC 72035 Read

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In July 2025, Ethereum saw a simultaneous rebound in on-chain activity and capital inflows, with transaction volume reaching a record high. Solana and Base led Layer 1 and Layer 2 respectively, showcasing high-frequency interactions and strong ecosystem stickiness. Bitcoin’s realized market cap hit a new all-time high, though short-term consolidation may follow. WorldChain attracted over $100 million in inflows as its ecosystem rapidly took shape. LetsBonk.fun’s token launch market share exceeded 70%, surpassing Pump.fun, while Ethena’s stablecoin TVL rose to $8.4 billion, maintaining its lead in the sector.

**Key Takeaways:**
* Overall On-Chain Activity: In July 2025, Solana led mainnets with 35.3 billion monthly transactions and 4.42 million daily active addresses. Base maintained its position as the top Layer 2 network, demonstrating strong native app engagement and a stable structure. Ethereum’s monthly transaction volume hit a record 46.67 million, and it reclaimed the top spot in on-chain fee revenue with $74.28 million, underscoring its dominance in high-value use cases. Overall, the ecosystem showed a structural divergence between “high-frequency, retail-friendly chains” and “low-frequency, high-value chains.”
* Key Bitcoin Metrics: Bitcoin’s realized market cap surpassed $1.02 trillion, hitting an all-time high and reflecting strong capital inflows. Following a single-day distribution of 80,000 BTC in July, the market showed resilient demand with no systemic sell-off. The realized P&L ratio rose to extreme levels, signaling growing short-term profit-taking pressure, though price reactions remain muted. The shift toward more short-term holders suggests rising volatility, but the broader market still retains a solid confidence base.
* Popular Project Overview: LetsBonk.fun overtook Pump.fun to become the leading Solana-based meme token launch platform. In July, it led in both transaction and token launch volumes, with total launched token market cap exceeding $700 million and its flagship token USELESS valued over $250 million. The platform attracted a large influx of users and creators by offering transparent fee-sharing and deep liquidity, gradually forming a positive capital cycle.
* Popular Token Overview: ENA has surged over 110% since the end of June, driven by Ethena’s aggressive buybacks and its partnership with Anchorage to launch the compliant stablecoin USDtb. USDe’s supply has exceeded $8.2 billion, with TVL reaching $8.4 billion, while expanding across multiple chains. Despite facing unlock pressures in early August, buybacks and a strong yield model have sustained market confidence, reinforcing ENA’s positioning as a yield-driven asset.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-web3-on-chain-data-insights-for-july-2025-ethereum-on-chain-activity-rebounds-world-chain-sees-strong-inflows/11030" target="_blank">Gate Research: Web3 On-Chain Data Insights for July 2025｜Ethereum On-Chain Activity Rebounds, WorldChain Sees Strong Inflows</a>

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Gate Team
August 8, 2025
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Gate Research: Web3 On-Chain Data Insights for July 2025｜Ethereum On-Chain Activity Rebounds, WorldChain Sees Strong Inflows

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