Real-world asset, GameFi, and restaking tokens outperformed broader crypto markets amid improved but concentrated market breadth.
Real-world asset (RWA), GameFi, and restaking tokens emerged as the top performers in July, outpacing the broader cryptocurrency market. RWA tokens saw the most widespread gains, while GameFi and restaking advances were driven by large-cap assets. Trading volumes remained subdued, suggesting stabilization rather than a definitive risk-on shift.
Memecoins and decentralized physical infrastructure networks (DePIN) underperformed, while AI and Layer 2 blockchain tokens were weighed down by their largest components. Market breadth improved slightly, though the rally stayed concentrated among select sectors.
The performance reflects shifting investor focus toward tokens with clearer utility or yield-generating mechanisms amid ongoing macroeconomic uncertainty.