Binance Dominates as Crypto Exchange Volume Surges to $1.7T in July Amid Market Revival
Centralized cryptocurrency exchanges saw a significant rebound in trading activity during July 2025, with total volume reaching $1.77 trillion—levels not seen since February. This resurgence was fueled by increased trading in Bitcoin (BTC) and Ethereum (ETH), alongside early indications of an altcoin market recovery. Binance maintained its position as the leading exchange, despite spot BTC reserves across platforms hitting multi-year lows. Market activity peaked around July 24, reflecting renewed investor confidence as the crypto sector continues its recovery trajectory.
Binance Leads as Crypto Exchange Volume Hits $1.7T in July Amid Market Recovery
Centralized crypto exchanges recorded $1.77 trillion in trading volume in July, marking a resurgence to levels last seen in February. The rebound was driven by heightened activity in BTC and ETH markets, alongside early signs of an altcoin revival. Binance retained its dominance, even as spot BTC reserves across exchanges dwindled to multi-year lows.
Market momentum peaked around July 24, coinciding with sharp rallies for Bitcoin and Ethereum. XRP and other overlooked altcoins gained traction, fueling volume spikes across both centralized and decentralized platforms. By month-end, DEXs accounted for just 23.5% of activity as crypto prices retreated from highs.
Stablecoins played a pivotal role, with dollar-pegged tokens predominantly facilitating trades on centralized venues. Despite net outflows, Binance bucked the trend by accumulating BTC while competitors saw reserves decline. Derivative markets held 1.43 million BTC versus 934,000 on spot exchanges—a divergence underscoring shifting institutional strategies.
Binance Lists FUN/USDC Pair as FUNToken Expands Trading Options
FUNToken, a digital asset bridging blockchain and gaming, has secured a listing for its FUN/USDC trading pair on Binance, the world's largest cryptocurrency exchange by volume. The move enhances liquidity and provides traders with a stablecoin pairing to mitigate volatility.
The listing aligns with FUNToken's strategic roadmap, offering improved price discovery and attracting institutional interest. Binance's integration signals growing confidence in the token's ecosystem, which focuses on decentralized gaming and engagement.
Pi Network's PI Token Plunges to Record Low Amid Market Correction
Pi Network's native token PI has collapsed to an all-time low below $0.40, with its market capitalization shrinking to $3.13 billion. The downturn mirrors broader crypto market weakness, as Bitcoin briefly fell below $114,500 and XRP lost its $3 support level.
Nearly 160 million PI tokens are set to unlock within the next 30 days, potentially exacerbating selling pressure. Exchange reserves have reached a record 405.5 million PI, signaling growing liquidity but also potential distribution risk. While the RSI NEAR 30 suggests oversold conditions, uncertainty persists around a potential Binance listing.
Best Crypto to Buy Right Now: Cold Wallet, DOGE, ADA, and Binance Coin Gain Market Attention
Crypto markets are showing renewed vigor as Q4 2025 approaches, with Cold Wallet emerging as a standout due to its high-ROI presale and recent $270M acquisition of Plus Wallet—adding 2 million users overnight. The project has raised over $5 million, with its token priced at $0.00942 in stage 16, targeting a 3,700% return at launch.
Binance Coin (BNB) remains a stalwart, underpinned by its utility within the Binance ecosystem. Cardano (ADA) continues to attract developers, driving smart contract adoption, while Dogecoin (DOGE) leverages its cultural cachet for microtransactions and tipping.
Cold Wallet’s aggressive expansion and clear utility position it as a high-upside play, though BNB, ADA, and Doge offer diversified exposure across DeFi, infrastructure, and meme-driven markets.
Athene Network Migrates from Ethereum to Binance Smart Chain
Athene Network, a decentralized platform leveraging blockchain and AI, has transitioned from ethereum to Binance Smart Chain, adopting the BEP20 standard for its native $ATN token. The move aims to enhance operational efficiency while allowing users to continue using the ERC20 format until August 5.
The shift underscores Athene's commitment to scalability in a multi-chain ecosystem. BSC's lower fees and faster transactions likely drove the decision, reflecting broader industry trends toward chain-agnostic interoperability.
Bitcoin Derivatives Data Signals Bearish Sentiment Amid Binance Sell-Off
Bitcoin's sudden drop below $115,000 triggered a wave of panic selling, with Binance at the epicenter. Open interest on the exchange plummeted from $14 billion to $13.5 billion, while net taker volume turned sharply negative at -$160 million—a clear sign of aggressive selling pressure.
The liquidation cascade wiped out $500 million in open interest and forced 183,514 Leveraged traders out of positions within 24 hours. Such moves typically occur when margin calls trigger forced closures, compounding downward momentum.
Derivatives metrics now paint a fearful picture: shrinking open interest, negative taker volume, and $760 million in liquidations across exchanges suggest traders are bracing for further downside. The market's reaction underscores how quickly sentiment can shift in crypto's leveraged ecosystem.
