📊 July trends on SimpleSwap – what’s really happening in the market

Once again, we’ve crunched real trading volumes from our platform to see how they confirm – or challenge – our earlier market calls.

But before diving into July’s numbers, let’s rewind a bit.

Back in June, we highlighted ETH as the main liquidity magnet. That call aged well: in July, Ethereum pumped 48% month-on-month, and from its low to high – an impressive 66%. Most ETH buys came through the Arbitrum network, though it didn’t translate into visible growth for L2s themselves.

We also spotted rising interest in Litecoin. While volumes weren’t on par with ETH or BTC, the trend was worth watching. In July, LTC climbed 23%, with a near 50% move from low to high.

This keeps reinforcing our hypothesis: trading volumes on SimpleSwap can act as an early indicator of price moves.

Now, about July itself: the momentum shifted towards selling. Bitcoin, still the market’s heavyweight, was sold almost twice as much as it was bought. Price action, ETF flows, and our internal numbers tell the same story. Most of those BTC outflows went into stablecoins, with a portion reallocated to ETH.

Investors seem to be locking in profits after BTC’s rally. ETH, however, shows a different picture – despite the price growth, buying interest remains strong.

That’s it for July’s key takeaways. We’ll keep bringing you these insights at the start of each month – so stay tuned and don’t miss the next signals 🔥

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