July’s Crypto Boom: $2.67B Floods In as Pumpfun and Stablecoins Steal the Spotlight

Crypto's summer heatwave wasn't just metaphorical—July saw a staggering $2.67B surge into digital assets. Here's what fueled the frenzy.

Pumpfun's meme magic meets institutional appetite

The viral token-launch platform became an unlikely liquidity magnet, proving degens and VCs can occasionally agree on something: easy money.

Stablecoins: The boring backbone of the bull run

While flashy altcoins grabbed headlines, dollar-pegged tokens quietly did the heavy lifting—because even crypto bros need exit liquidity.

Traditional finance's FOMO is showing

The inflow spike suggests Wall Street's "blockchain not Bitcoin" mantra is cracking faster than a Terra stablecoin peg.

One cynical take: That $2.67B will buy a lot of Lambos—or fund the next Celsius-style collapse. Place your bets.

Treasuries shine

DefiLlama tracked investments into crypto-related companies under the category “Investments,” which received $512 million in funding. 

BitMine raised $250 million to add ethereum to its treasury, representing the largest amount in the “investments” category. Meanwhile, Upexi’s $200 million funding was the second-largest capital raise in the category, which was destined to add Solana to its holdings.

Together, both companies represented 88% of all funding in the “investments” category in July.

“Stablecoin infrastructure” also received significant attention from investors, with $352.5 million directed to projects in the segement.

Hong Kong-based OSL Group dominated the funding, gathering $300 million to boost its global expansion.

RD Technologies is another project from Hong Kong, which received $40 million to create regulated systems for stablecoins ranging from issuance to distribution. 

DeFi strong even without Pump.fun

Despite Pump.fun adding a considerable amount to the “DeFi” category, projects developing products for the decentralized finance ecosystem raised $107 million. The amount is relatively substantial compared to other sectors.

Kuru received $11.6 million to develop a central limit order book (CLOB) based on the Monad infrastructure. At the same time, GAIB captured $10 million to create a decentralized economic LAYER to tokenize GPUs and their revenue stream.

Falcon Finance also received a two-digit funding, as World Liberty Financial backed the project with $10 million to build an overcolateralized stablecoin.

The last of the sectors that got at least $100 million in funding is “infrastructure.” Bitzero raised $25 million in a Series B funding round to support its mining operations.

Furthermore, xTAO received $22.8 million to continue its work of supporting and scaling the Bittensor ecosystem.

Soluna secured a two-digit investment, capturing $20 million to enhance operations, including Bitcoin mining with green energy.