Wow, what an incredible year it’s been for the cryptocurrency industry! We’ve seen massive growth across the board, with Bitcoin leading the charge and even reaching its highest market share in over three and a half years. But it hasn’t just been Bitcoin experiencing success – the meme coin market has exploded too, growing by over 400%.
Decentralized finance (DeFi) has also seen a resurgence, as fresh capital flowed into various protocols and projects. This, combined with fewer hacks and exploits and reduced regulatory pressure, helped drive the aggregate market cap of the DeFi sector to its highest since early 2022. It’s not just established projects that have thrived either – new ones launched during the last bear market have seen remarkable growth too.
Restaking projects and basis trading protocols are just two examples of this. Overall, the crypto market cap has increased by over 105% year-to-date, showing just how much potential the industry holds. With so much excitement and potential ahead, it’s clear that the future of cryptocurrencies looks bright!
Source
As per reported by www.bitcoininsider.org