NFTs Outshine DeFi in July’s Activity Boom

July saw a surge in activity within the decentralized finance (DeFi) sector, but NFTs emerged as clear leaders in user engagement, according to DappRadar data. The report reveals that NFT-based decentralized apps (DApps) surpassed DeFi DApps in daily active users, indicating a significant shift in interest towards non-fungible tokens (NFTs). This trend also translated into record levels of liquidity in the DeFi market, driven by the rise of tokenized stocks.