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2024: A Year of Resilience and Growth in the Crypto Market. A year's review with @intotheblock Bitcoin and Ethereum demonstrated remarkable resilience in 2024, achieving record-breaking market caps in December. Bitcoin $BTC surged to a staggering $2 trillion, while Ethereum $ETH surpassed $460 billion. The stablecoin market experienced steady growth throughout the year, culminating in a total market capitalization exceeding $200 billion by December. Memecoins, known for their volatility, witnessed a rollercoaster ride in 2024. Despite initial declines, their market cap rebounded significantly, reaching $88 billion by the year's end. A pivotal development in 2024 was the launch of Bitcoin and Ethereum ETFs, which revolutionized market accessibility. These innovative financial products opened doors for traditional investors, injecting substantial liquidity and fueling market cap expansion. The prevailing trend in 2024 underscored a growing wave of investor confidence and the potential for sustained growth within the dynamic crypto market.
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It's Day 5 already? This January is fast.
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Tron Network, a prominent Layer 1 blockchain, has showcased significant growth in 2024, solidifying its position as a leader in blockchain activity. According to @Intotheblock, $Tron demonstrated remarkable dominance in terms of active addresses, with over 2.5 million active addresses recorded in mid-December. This substantial user engagement is further evidenced by the impressive 52.7 million transactions processed within the same timeframe. Moreover, the TON blockchain has witnessed a recent surge in activity, exceeding 20 million transactions. This consistent growth trajectory suggests a rising interest in the platform and a strong potential for increased market share.
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Thank You 2024 🥳
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Ethereum's dominance in DEX liquidity is evident, with a notable rise to $8.58B by December 2nd, 2024. This growth from $7.93B in November highlights Ethereum's stronghold in DeFi, reinforcing its pivotal role in the crypto ecosystem. New entrants like Bob and Manta are carving niches in the DEX space. Bob's liquidity rose to $130M, while Manta's reached $19M, showcasing the dynamic and competitive nature of the crypto market.
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