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CoinCatch Weekly Market Review & Outlook (July 11–17)
Beginner
2025-07-17 | 15m
This week, ETH surged past $3,400 with strong momentum, while BTC underperformed compared to altcoins. USDT market cap surpassed $160 billion, hitting a new all-time high. Orca plans to launch its Launchpad by late July or early August. Aave’s TVL exceeded $30 billion, setting a new record. Pump.Fun reclaimed its position as the leading token launch platform on Solana, capturing 46.9% market share over the past 24 hours.
Key Data:
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ETH surged past $3,400, outperforming BTC, which lagged behind altcoins this week.
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The USDT market cap exceeded $160 billion, setting a new all-time high.
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Orca is planning to launch its Launchpad by late July or early August.
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Aave’s TVL surpassed $30 billion, reaching a new record high.
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Pump.Fun reclaimed the top spot among Solana token launch platforms with a 46.9% market share in the past 24 hours.
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Sui’s Q2 ecosystem performance was strong: TVL broke $2.5 billion, and trading volume grew 30.54% YoY.
Market Overview
BTC — Bitcoin rose 6.35% this week but underperformed compared to altcoins. After multiple breakouts past the $120,000 level, its 7-day candlestick pattern resembles a “cup-and-handle.” Currently hovering around $118,000, BTC still has room for another potential breakout.
ETH — Ether surged 23.4% this week, outperforming BTC and other majors. On the hourly chart, ETH printed several consecutive bullish candles. However, a doji near the $3,400 level indicates short-term indecision. ETH is currently consolidating at high levels and may challenge the $3,500 resistance.
Altcoins — Altcoins had a strong week, with the median 7-day gain among the top 100 tokens reaching 12.31%.
Floki (FLOKI) surged 29% (July 17), becoming the token with the largest increase on the day; Pump.fun (PUMP) plummeted 17.9%, highlighting the high risk of small-cap coins.
HYPER surged 455% in a single day (July 11), and the trading volume on the Korean exchange Upbit exceeded the second place by nearly 5 times, and the speculative sentiment was significant
ETF & Derivatives — Spot BTC and ETH ETFs both recorded over 7 consecutive days of net inflows, signaling institutional confidence. In derivatives, BTC and ETH saw $73.79 million and $190 million in liquidations, respectively, in the past 24 hours.
Stablecoins — Total stablecoin market cap rose to $261.5 billion, reflecting a significant influx of off-market capital.
Gas Fees — With ETH breaking above $3,300, Ethereum gas fees have spiked. As of July 17, the average gas fee was 1.98 Gwei.
Macro Data: On July 16, the U.S. Bureau of Labor Statistics reported the June PPI at 2.3% YoY, below expectations of 2.5% and the lowest since September 2024—indicating easing producer-side inflation.
Top Sectors This Week
The crypto market saw broad gains this week, fueled by rising investor optimism. The altcoin led the rally. According to Coingecko, three standout sectors—Solana Meme, Stablecoin Protocols, and DEX Aggregators—each posted strong weekly gains of 30.0%, 29.2%, and 21.9%, respectively.
Solana Meme
Solana Meme tokens are community-driven projects built on the Solana blockchain, known for their low fees and fast transactions. These tokens often leverage humor, satire, and pop culture to gain traction, rapidly spreading via social media. Solana’s high-performance infrastructure supports this trend, making it a key incubator for meme-based assets. — Over the past 7 days, this sector rose 30.0%, with BONK and PENGU up 82.8% and 99.4%, respectively.
Stablecoin Protocols
These frameworks aim to stabilize token value by pegging to fiat or other assets. They mitigate volatility and serve critical functions in payments, trading, and financial inclusion. The stablecoin market now exceeds $250 billion and is growing rapidly, especially in DeFi and emerging markets. — This sector rose 29.2% over the week, with ENA and CRV gaining 27.3% and 67.3%, respectively.
DEX Aggregators
These platforms allow users to access multiple decentralized exchanges through a single interface, optimizing for the best prices and liquidity. They help traders avoid slippage by aggregating liquidity across protocols, offering efficient and seamless token swaps. — This sector gained 21.9% in the last 7 days, with 1INCH and CETUS climbing 51.3% and 23.0%, respectively.
Focus of the Week
Crypto Week Is Here — Key Events and Dates to Watch
The United States' unprecedented designation of July 14–18, 2025, as "Crypto Week" marks a tectonic shift in the financial landscape, converging legislative ambition, market euphoria, and geopolitical rivalry into a single defining moment.. This concentrated legislative effort centers on three landmark bills: the Digital Asset Market Clarity Act of 2025 (Clarity Act), the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), and the Anti-CBDC Surveillance Act. With votes scheduled as early as Tuesday following a critical Rules Committee hearing Monday afternoon, the industry stands at the threshold of long-sought regulatory certainty.
This legislative surge represents a potential watershed for crypto markets. President Trump is positioned to sign the GENIUS Act – establishing the first federal framework for stablecoin oversight – before August's congressional recess. This follows months of White House engagement and would mark the first major crypto-specific legislation enacted. Meanwhile, the Clarity Act aims to resolve jurisdictional conflicts between the SEC and CFTC by defining asset classification protocols, while the Anti-CBDC Act would prohibit the Federal Reserve from issuing a central bank digital currency without explicit congressional authorization.
USDT Market Cap Surpasses $160 Billion, Hits New All-Time High
Tether CEO Paolo Ardoino announced on X (formerly Twitter) that the market capitalization of USDT has exceeded $160 billion, setting a new record. He highlighted USDT’s role as a practical "digital dollar" for billions of people in emerging and developing markets.
Since 2020, USDT’s market capitalization has increased 34-fold, from $4.7 billion to $160 billion. On-chain transaction volume has grown 74-fold, from $14.8 billion per month to $1.1 trillion per month. Additionally, the number of users has expanded 160-fold, from 2.8 million to 450 million.
This milestone underscores the increasing importance of stablecoins in global finance. As a stable and accessible digital currency, USDT has facilitated cross-border payments and contributed to financial inclusion. Its rapid growth over the past five years reflects broader adoption trends. Looking forward, ongoing advancements in blockchain technology and regulatory frameworks are likely to support USDT’s expansion into areas such as cross-border e-commerce and international remittances.
Orca to Launch Its New Launchpad by Late July or Early August
According to Blockworks journalist Jack Kubinec, Solana-based liquidity protocol Orca plans to launch a new Launchpad by late July or early August. The main innovation is a new mechanism designed to give real users an advantage over bots during token sales, improving fairness and user experience.
Orca’s upcoming Launchpad represents a major step forward for fair token launches within the Solana ecosystem. By prioritizing real users and increasing transparency, Orca strengthens its role as a core Solana protocol. The Launchpad is expected to attract more projects and investors, and its innovative mechanism could inspire similar efforts on other blockchains—though long-term success will require addressing technical and regulatory challenges.
Aethir and Credible Launch First DePIN Credit Card
Decentralized GPU cloud network Aethir has partnered with lending protocol Credible Finance to launch the first DePIN credit card and loan product. This product allows ATH token holders to stake tokens in exchange for stablecoin credit lines without liquidating their assets. Solana users can spend ATH or stablecoins via a prepaid card.
This launch marks a deep integration of decentralized finance with real-world consumption, offering ATH holders a novel way to access credit without asset liquidation. It enhances token utility and liquidity while improving consumer convenience on Solana. The credit card could attract more users and capital to the Aethir ecosystem and set a precedent for blending DeFi with traditional spending—though credit risks and compliance remain key concerns.
Key Market Data Highlights
Aave TVL Surpasses $30 Billion, Sets New Record
According to DefiLlama, Aave’s total value locked (TVL) recently broke $30.28 billion, reaching an all-time high. Just two days prior, net deposits exceeded $50 billion for the first time—making Aave the first DeFi lending protocol to hit this milestone.
Aave’s growth is fueled by institutional inflows, product innovation (e.g., Aave V4), and the multichain expansion of its stablecoin GHO. These developments have boosted user confidence and capital retention, helping Aave evolve from a single lending protocol into a multi-chain DeFi infrastructure.
Founder Stani Kulechov cited the growing on-chain ecosystem and integration of fintech and TradFi players as key growth drivers. The Aave community is actively working on several proposals, including account abstraction, native RWA vaults, BTC Layer-2 support, and expanding GHO to more blockchains.
Pump.Fun Reclaims Top Spot Among Solana Token Launch Platforms with 46.9% Market Share
According to Jupiter market share data, Pump.fun leads Solana token launch platforms with a 46.9% share, followed by Letsbonk at 44.1%, with the rest of the market far behind (e.g., Believe at 3.74%). Dune data shows that in the past 24 hours, Letsbonk.Fun launched 19,060 meme tokens, slightly more than Pump.fun’s 16,155—highlighting intense competition.
Solana’s token launch space is rapidly becoming a duopoly between Pump.fun and Letsbonk. These platforms are driving the meme coin wave and outpacing legacy DeFi protocols in fees and user activity. According to DefiLlama, in the past 24 hours, Pump.fun generated $1.61 million in fees (15th highest across all protocols), with Letsbonk close behind at $1.24 million (17th overall)—surpassing platforms like EigenLayer, Sky, and Orca.
Sui Q2 Ecosystem Report: TVL Hits $2.5B, Volume Up 30.54% YoY
According to the Sui Foundation’s Q2 2025 DeFi report, the Sui ecosystem showed robust growth:
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TVL peaked at $2.555 billion on May 21, and has remained above $2 billion since.
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On-chain transaction volume grew 30.54% year-over-year.
In the BTCfi space, assets like sBTC and xBTC extended Bitcoin’s native use on Sui. Institutional interest is also rising, with 21Shares’ SUI ETF nearing its Nasdaq listing.
Key protocols like Suilend (lending) and Momentum (yield) saw substantial user and capital growth. Meanwhile, top DEX Turbos Finance set a new daily volume record of $47.8 million, including $40M+ from the SUI/USDC pair, marking all-time highs in both liquidity and activity.
CoinCatch New Listings:
1: W/USDT
Since its inception in 2020, Wormhole (W) has stood as a core interoperability solution in the blockchain industry, offering a comprehensive platform that empowers multichain builders, applications, and users.
In the traditional blockchain development paradigm, applications are often confined to their native ecosystems, limiting their functionality and interaction capabilities. Wormhole breaks down these boundaries, offering developers a solution for creating applications that operate seamlessly across multiple blockchains. These solutions are primarily facilitated by Wormhole's foundational Messaging protocol, which allows for the secure transfer of arbitrary data between blockchains.
2: PUMPFUNUSDT
The PUMP crypto-asset is the official utility coin of the pump.fun utility coin launch platform and the swap.pump.fun automated market maker (AMM) protocol (together, the "Pump.Fun Protocols"). The PUMP crypto-asset will not be required in order to utilize the Pump.Fun Protocols, which remain permissionless. Holders of the PUMP crypto-asset may opt to participate in promotional give aways from the Pump.Fun Protocols. The PUMP crypto-asset is a utility coin that will be used alongside the pump.fun brand behind the Pump.Fun Protocols.
CoinCatch Weekly Events:
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July 17-July 23, 2025 (UTC+8)
Behold Next Week
Token Unlocks
According to Tokenomist, several major token unlocks are expected in the coming week (July 18–24, 2025). The top 3 are:
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TRUMP: $890 million worth of tokens to be unlocked, 45.3% of total locked supply.
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FTN: $90.2 million worth, 4.6% of total locked supply.
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ZRO: $56.3 million worth, 23.2% of circulating supply.
Reference:
House Committee on Financial Services. (2025, July 13).
Chairman Hill joins Face The Nation to
discuss
historic "Crypto Week" [Press release].
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410793
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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