According to TechFlow, the June monthly report released by HashKey Capital shows that the total market value of the crypto market fell by 7% due to negative news and lack of catalysts. Despite this, the adjusted total locked volume (TVL) increased by 6.7%, exceeding the decline in market value.
The number of active wallets for Bitcoin and Ethereum increased by 26% and 34% respectively, and the number of users holding more than 1 Bitcoin exceeded 1 million for the first time. Activity in L2 and L3 increased significantly. Bitcoin traded in a range between $60,000 and $64,000 in June.
Despite a decline in trading volumes on centralized exchanges (CEXs), decentralized exchanges (DEXs) had their best performance in three months.
Overall, despite the weak market performance in June, a number of positive indicators show that the crypto market's foundation remains solid and is expected to continue to grow in the future.