币安研究院 2025 年半年加密行业报告显示，加密市场继 2024 年大幅增长 96.2% 之后，在 2025 年上半年呈现温和增长，年初至今总市值上涨 1.99%；DeFi 领域 TVL 稳定在约 1515 亿美元，月活跃用户同比增长 240%，DEX 的现货交易量占比创下 29% 的历史新高；USDC 成为增长最快的稳定币，其供应量几乎翻了一番，达到约 615 亿美元，市场份额也从 20% 提...

<div>币安研究院 2025 年半年加密行业报告显示，加密市场继 2024 年大幅增长 96.2% 之后，在 2025 年上半年呈现温和增长，年初至今总市值上涨 1.99%；DeFi 领域 TVL 稳定在约 1515 亿美元，月活跃用户同比增长 240%，DEX 的现货交易量占比创下 29% 的历史新高；USDC 成为增长最快的稳定币，其供应量几乎翻了一番，达到约 615 亿美元，市场份额也从 20% 提升至 25% 以上。<br><br></div>

币安研究院 2025 年半年报告：加密市场年初至今总市值上涨 1.99%

Binance Research's 2025 Half-Year Crypto Industry Report shows that after a significant growth of 96.2% in 2024, the crypto market demonstrated moderate growth in the first half of 2025, with a total market capitalization increase of 1.99% year-to-date; the DeFi sector's TVL remained stable at around $151.5 billion, with monthly active users growing 240% year-on-year, and DEX spot trading volume reaching a historical high of 29%; USDC became the fastest-growing stablecoin, with its supply nearly doubling to approximately $61.5 billion, and its market share increasing from 20%...

<div>Binance Research's 2025 Semi-Annual Crypto Industry Report shows that after a significant growth of 96.2% in 2024, the crypto market experienced moderate growth in the first half of 2025, with a total market capitalization increase of 1.99% year-to-date; the DeFi sector's TVL remained stable at around $151.5 billion, with monthly active users growing 240% year-on-year, and DEX spot trading volume reaching a historical high of 29%; USDC became the fastest-growing stablecoin, with its supply nearly doubling to approximately $61.5 billion, and its market share increasing from 20% to over 25%.<br><br></div>

Binance Research 2025 Half-Year Report: Crypto Market Total Market Value Increased 1.99% Year-to-Date

In the first half of 2025, the total financing in the primary crypto market reached $7.75 billion, representing a year-on-year growth of 40.17% and a quarter-on-quarter increase of 77.75%. Financing rounds exceeding $50 million surged by 146.7%; BNB Chain DEX trading volume increased from 12% to 49% of the entire network...

RootData: Web3 Industry Investment Research Report in the First Half of 2025

<Odaily> Planet Daily News: According to SoSoValue data, after a slight pullback, various sectors of the crypto market resumed their upward trend. Ethereum (ETH) led the way with a 4.89% increase, breaking through $3,100. However, Bitcoin (BTC) still slightly declined by 1.30%, retreating to $117,000. Nevertheless, MAG7.ssi rose by 1.22%, MEME.ssi increased by 3.28%, and DEFI.ssi rose by 4.78%. In other sectors, the AI sector rose 4.63% in 24 hours, with Fetch.ai (FET) and Bittensor (TAO) increasing by 6.61% and 8.37% respectively. The Layer2 sector grew by 4.59%, with Arbitrum (ARB) and zkSync (ZK) rising by 10.09% and 10.43%. The DeFi sector increased by 4.30%, with Curve DAO (CRV) rising 11.98%. The Meme sector rose 3.90%, with Bonk (BONK) and Pump.fun (PUMP) increasing by 10.15% and 12.43% respectively. The Layer1 sector grew 1.45%, with Internet Computer (ICP) rising 5.18%. The PayFi sector increased 0.60%, with Velo (VELO) rising 10.56%, while the CeFi sector grew 0.22%. The crypto sector index reflecting historical market trends showed that ssiAI, ssiDePIN, and GameFi indices rose 4.67%, 4.47%, and 4.45% in 24 hours, respectively.

The crypto market rose across the board, with ETH leading the gains by nearly 5%, and BTC falling back to $117,000

According to the Messari weekly report, the total market value of stablecoins reached $258.5 billion, hitting a historical high with a month-on-month growth of 2.7%. The daily average trading volume of stablecoins rebounded by 13.2% to $143.1 billion, reversing last week's decline, though still down 6.3% month-on-month. However, the number of transactions decreased by 10% week-on-week to 35.3 million. The divergence between trading volume and transaction count may reflect an expansion of average transaction size or increased institutional activity. The daily average transaction fees for stablecoins grew by 8.9% week-on-week to $23 million, indicating strong demand for stablecoin applications. Small protocols performed notably, with <Sky> fees surging 362.0% to $1.5 million this week, <Ethena> rising 367.8% to $613,700, and <Usual> fees skyrocketing 8,142.4% to $64,700. The fee growth demonstrates significantly improved user engagement on major and emerging stablecoin platforms.