July Sees $1.77T Crypto Volume Surge

[umair]

July was a big month for crypto exchanges. Trading volumes surged back to around $1.77 trillion after a quieter June, marking one of the strongest rebounds we've seen this year. That’s a 55% jump in just one month.

What’s really interesting is the role smaller platforms played. A group labeled as “Others” — basically smaller and less mainstream exchanges — actually processed more volume than some of the top names. Together, they handled nearly $600 billion. It’s a clear sign that traders are starting to branch out beyond the usual giants.

Binance, as expected, maintained its lead with close to $700 billion in volume, but its share hasn’t grown much. Meanwhile, other major players like Bybit, Bitget, and Coinbase showed stable activity without massive gains.

Another trend worth noting: decentralized exchanges also saw a strong uptick. There’s been growing interest in platforms like PancakeSwap and others, likely due to better token availability and fewer restrictions. With liquidity becoming more spread out, users seem more comfortable experimenting with alternatives.

So what's behind the rebound? A combination of factors, probably. Renewed confidence in Bitcoin and Ethereum. Altcoin momentum. Even institutional involvement may be returning, especially with more regulatory clarity in certain regions. All these things drive volume — and fast.

To me, this isn’t just a temporary spike. The fact that smaller platforms are growing while the bigger ones hold steady suggests a more balanced and mature market. Less dominance by a few names. More options for everyone. And possibly, a safer trading environment overall.

Curious to hear what others think. Are we seeing the start of a longer bull run? Or just a seasonal bump in activity? Either way, July’s numbers are hard to ignore.