The first half of 2024 witnessed remarkable growth in the crypto market, with Bitcoin and Ethereum hitting new milestones and stablecoins taking a dominant position.
Key Insights
The overall crypto market cap saw significant growth, bolstered by increased institutional interest and network health.
Bitcoin’s market cap surpassed $1 trillion, particularly before and after the April 2024 halving event.
Bitcoin's on-chain transaction volume remains high, and the network reached a new hash rate high despite reduced miner revenue.
Ethereum’s Proof-of-Stake model proved highly successful, with the network now boasting over 1 million validators and more than 25% of its supply staked.
The stablecoin market cap hit $145 billion, with USDT and USDC leading the space.
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