In July 2026, the spot trading volume on mainstream CEXs decreased by 35.51% compared to June 2026, while the perpetual contract trading volume decreased by 19.59% compared to June 2026. The decline in spot trading was significantly greater than in derivatives, indicating the overall market is cooling down once again. However, the demand for leveraged trading showed relatively more resilience.

In July, website page views for mainstream CEXs increased by 3.00% compared to June 2026, while app downloads decreased by 2.09%. This user reach did not translate into trading activity, suggesting a dominant sentiment of market watchfulness remains.

In July, the perpetual contract trading volume on mainstream Perpetual DEXs decreased by 26.88% compared to June 2026, and website page views decreased by 10.57%.

Note: Some data may be heavily influenced by suspected wash trading/bot activity. Spot and derivatives data source: Coingecko; Traffic data source: Similarweb; Download data source: Diandian Platform.





