Binance Report Highlights Overview
Total cryptocurrency market capitalization has grown significantly:
In the first half of 2024, the total market value of the cryptocurrency market climbed to approximately US$2.27 trillion, a surge of 37.3% year-on-year at the beginning of the year, demonstrating the strong recovery momentum of the industry.
L1 ecological highlights are numerous:
Ethereum and BNB are moving forward steadily, and SOL, Ton, and Base have emerged as emerging forces and are known as the "Three Masters of Ziwei" in this round of market, leading the trend of L1 innovation and development.
Bubble appears in L2 field:
As a large number of L2 projects are unlocked, the popularity of DeFi has cooled down. Emerging L2 projects mostly rely on airdrops to create false prosperity, and their actual value needs to be carefully evaluated.
Fine-tuning the stablecoin market structure:
USDT continues to hold the top spot, while USDC and Ethena’s USDe market share has expanded, reflecting the growing market demand for diversified stablecoins.
The NFT market is cold:
In the first half of the year, the NFT market entered a period of adjustment, with weak market performance, and the brc20 ecosystem became the main driving force in this field.
Gaming tokens underperform:
The overall performance of game token prices did not meet expectations, reflecting that the market's enthusiasm for the game economy has waned. It is necessary to pay attention to subsequent project innovation and market response.
Three major focuses of future trends:
#AI, DEPIN (Decentralized Identity Protocol), and RWA (Real World Asset Tokenization) have become hot areas that the industry continues to pay attention to, indicating the widespread application and potential exploration of encryption technology in emerging fields.
