A few days ago, I read a @chainalysis cryptocurrency spring report. Although it is short, it is concise and hits the pain points directly. It should have a certain confidence-boosting effect on fans who are currently in a downturn.

1. Trading volume tells everything. We are in a bull market, mid-term bull market. As the saying goes, volume and price go hand in hand, volume comes first, price follows.
Both on-chain transaction data and contract transaction data have reached historical highs.

2. Stablecoin data
The United States has consistently accounted for the largest share of stablecoin purchases, but global demand is increasing, with purchases from different countries and regions exceeding $40 billion in March 2024 alone.

Another chart shows the proportion of stablecoin purchases to national GDP, with the top three being Turkey, Thailand, and Georgia. Turkey and Georgia’s depreciation was caused by exchange rate fluctuations, while Thailand’s depreciation was caused by the “circle”?

3.DEFI data returns to its peak
TVL in DEXs, staking, and lending has recovered from the lows of the latest crypto winter and is now approaching previous all-time highs.

4. Highlights and highlights in the report#RWA and DEPIN track
Currently, there are more than 1.5 billion U.S. Treasury RWA products, more than 500 million U.S. dollars of RWA real estate products, and 300 million U.S. dollars of RWA securitized derivatives. This number will grow exponentially in the future and become the core booster of DEFI.

The DEPIN project has raised nearly $1 billion in funding. It is the only blockchain project that links the Web2 real industry and can bring in a large amount of data, funds, and traffic.

5. The traditional market's recognition of WEB3 has greatly increased.
First, the amount of BTC held on the balance sheets of U.S. listed companies hit a new high.
Second, the total financing scale of Web3 has exceeded 100 billion US dollars, and the primary market has fully recovered. Recently, Paradigm’s third fund raised 850 million US dollars, which is the largest financing in the crypto market since the last bear market cycle.

6. Ordinary users have grown significantly
Despite the volatility of the cryptocurrency market and the extended bear market cycle, the growth of wallets with positive balances remains linear and upward, with more than 400 million wallets actively holding cryptocurrencies. While one wallet does not mean one user, as institutions and individuals can have multiple wallets, the growth volume indicates that cryptocurrency adoption is growing.#内容挖矿