Key Takeaways
- Crypto exchange volume hit $1.71 trillion in July, up 55% from June.
- Binance led the centralized exchange market with $683B in volume.
- Bitcoin and Ether recorded strong monthly gains amid the market rally.
July 2025 Marks Strongest Month for Exchange Activity Since February
In July 2025, the overall cryptocurrency exchange volume went super high up to $1.71 trillion, which reflected a 55% increase from $1.1 trillion in June that is. And that’s the highest monthly volume since February, when trading peaked at $1.77 trillion, according to The Block’s analytics dashboard.
Leading the charge, Binance controlled the centralized exchange (CEX) territory with a whopping $683.41 billion — a massive leap over $436.24 billion in June. It’s the volume of Binance’s highest since January 2025, when the exchange had recorded $801.1 billion. Besides, other players were active: Bitget reached $126.05 billion, Bybit handled $122.3 billion, and Upbit clocked in at $110.21 billion.
The upward trend in trading volume was accompanied by a bull run in the crypto market, as Bitcoin wrapped up July with a record closing price of $115,644, achieving a 7.5% monthly gain. Ethereum with a 49.5% gain outpaced bitcoin, which was supported by the return of investor confidence and DeFi traction.
DeFi Sees Volume Spike as PancakeSwap Leads
Decentralized exchanges (DEXs) have been on fire lately. The total DEX volume for July was $435.3 billion, the highest since January. PancakeSwap lead the pack among DEXs, carrying out $188.6 billion in trades — showing the rising appetite for non-custodial trading options.
The volume surge across both centralized and decentralized platforms reflects increased investor confidence, possibly influenced by favorable macroeconomic signals, positive earnings from Web3 firms, and renewed interest in Layer 2 ecosystems.
Summary
The crypto market saw a major revival in July 2025, with exchange volumes climbing to their highest levels in five months. Binance, PancakeSwap, and other platforms witnessed explosive growth, fueled by rising asset prices and improved investor sentiment. As Bitcoin and Ethereum post historic gains, trading volumes may continue their upward momentum heading into Q3.
Also Read: Why Did Crypto Crash Today? Tariffs Trigger $1B Sell-Off
