A rally in the crypto market that pushed Bitcoin to a new all-time high by over $121,000 on July 9th saw a significant increase in defi tokens, with Memocoin and Select Defoli Tokens, which increased significantly by over 30%.
The broad market uplift has also shown strength, Ethereum, backed by expectations and expectations for future network upgrades, surpassing the $2,780 mark with a profit of 6%.
This overall market optimism has proven to be particularly strong for meme-based tokens. This can often be performed by Hibeta in common code emotion. The Solana Ecosystem saw multiple memokines in its top performer lists, including Popcat (Popcat) and Dogwifhat (WIF). Other prominent gains in this category include base network Bullet (Bret), Cardano Sneck (Sneck), and Ethereum Mogcoin (MOG), all increase in double digit percentages.
Momentum is not separated into small tokens. Pudgy Penguins (Pengu), a project rooted in the NFT space, has skyrocketed by more than 30%. Data on the chain, coupled with a surge in demand from the Korean market, reveals Pengu’s significant whale accumulation, chatting about the potential of ETF filing, which appears to be a key factor in its performance.
Another Memecoin, Bananas for Scale (Bananas31), experienced a jump of over 26% and pushed it to a new all-time high with a massive increase in trading volume.
Beyond the speculative enthusiasm surrounding Mimecoin, decentralized financial protocols have also shown a strong recovery. Euler (EUL), a lending protocol, reached a new peak with token prices rising by more than 12%. The move signals updated investors’ trust following the recent integration of the project with BlackRock’s tokenized asset fund Buidl, and the upcoming announcement of “Eulerswap” on Unichain.
Similarly, Compound (Comp), a veteran lending platform, recorded a price increase of 11%. Its performance could be linked to recent governance proposals, particularly 210 and 211, which are supported by key stakeholders and aim to adjust interest rate models and distribute rewards to optimize platform yields. The total value locked in Defi has trended consistent throughout the month, providing a favorable background for sector tokens.
Some tokens with stories of specific utility also benefited greatly. Ether.fi (ETHFI) is a liquid recurrence protocol, increasing by more than 16%. The project benefits from the continued growth of the reptilling sector, the dominant story of 2025, supporting token prices through a revenue sharing model that funds token buybacks.
Solana’s decentralized payment and infrastructure protocol, Zebec Network (ZBCN), rose more than 20%. The recent acquisition of Gatenox, a compliance and automation platform, is advantageously located within both the Decentralized Physical Infrastructure Network (DEPIN) and Real World Assets (RWA).
The outlier on the list was AI16Z (AI16Z), with a gain of 12%. This price surge occurred despite several analyses pointing to a broader bearish trend in tokens, indicating that short-term pumps were placed at the top performers of the day.
This profit reflects the market driven by a combination of Bitcoin’s record performance, a revival interest in Defi, and a new appetite for Hibeta’s Memecoin.