The crypto market continues to shift rapidly, with tokens from DeFi infrastructure, gaming ecosystems, and liquidity networks showing very different trajectories. Here’s a look at three standout tokens from the past month.
Definitive (EDGE) Institutional-Grade DeFi Surges 770%: Definitive’s $EDGE token has been one of the most explosive movers of the past month, climbing 770% in 30 days and pushing its market cap beyond $920 million.
What’s driving the rally? As institutions and professional traders search for more reliable on-chain infrastructure, EDGE has become a go-to token. Holders gain access to reduced fees, premium features, and staking rewards. With institutional-grade DeFi in high demand, Definitive is aiming to position itself as core infrastructure for the next wave of on-chain markets.
Animoca’s Tower (TOWER) Rides Community Momentum: Another strong performer this month has been TOWER, the gaming token from Animoca Brands. TOWER surged 214% in the last 30 days, outperforming even Ethereum’s explosive 27% gain over the same period.
The rally was fueled by renewed community interest, particularly around the reboot of Wreck League, one of Animoca’s key titles.
Adding to the bullish sentiment, Animoca announced plans to conduct open-market token buybacks beginning August 5, reducing circulating supply — a move often received positively by investors. TOWER is now gaining recognition as one of Web3’s more resilient gaming tokens, though it still trades far below its 2021 heights.
Manta Network (MANTA) Liquidity Loan: Manta Network entered into a liquidity agreement with Wintermute last week, lending 7.5 million MANTA tokens to help stabilize market liquidity on exchanges.
Such token loans are often seen as a double-edged sword: while they can improve liquidity and trading depth in the short term, markets can sometimes react negatively to increased circulating supply.
Historically, once such loans are repaid and tokens return to the project treasury, price sentiment can improve — but there’s no guarantee. For now, MANTA remains under market pressure following a month in the red, and traders are watching closely to see whether the liquidity boost translates into renewed demand.
