Report: Total cryptocurrency market value increased by 65% ​​in Q1, and CEX spot trading volume hit a quarterly high since December 2021

According to Odaily Planet Daily, CoinGecko released the 2024 Q1 cryptocurrency industry report. The main points are as follows:

• The total cryptocurrency market capitalization continued to grow by 65% ​​in Q1, reaching a high of $2.9 trillion in March;

• Driven by the approval of the US spot Bitcoin ETF, the price of Bitcoin soared 69% in Q1, with an average daily trading volume of US$34.1 billion, a 90% increase from Q4 2023; As of April 2, the AUM of the US spot Bitcoin ETF reached US$55.1 billion;

• CEX spot volume reached $4.29 trillion, the highest quarterly volume for the top ten spot CEXs since December 2021; Binance market share was 50% as of March 2024;

• The scale of Ethereum re-staking on EigenLayer increased by 36%; the total market value of Meme coins on the top ten Solana chains increased by 802% to US$9.36 billion;

• NFT trading volume reached $4.7 billion️, of which Blur accounted for 28%;

• The share of DEX transactions on the Ethereum chain fell below 40%, and in February, the indicator fell to an all-time low of 30%.