Crypto market cap reached $3.9 trillion in December
Market optimism and institutional adoption drove December crypto market value to $3.9 trillion.
Binance experts expect market optimism and a pro-crypto administration to boost DeFi growth in January.
In December, Solana's on-chain income fell 50%.
On Monday, Binance Research reported that the crypto market topped $3.9 trillion in December. The academics said expectation of Donald Trump's pro-crypto government might boost positive momentum in the coming weeks.
Crypto market cap reached $3.9 trillion in December.
Binance Research said that "regulatory optimism" and institutional investment drove the crypto market to a record $3.91 trillion in December.
MicroStrategy's Nasdaq 100 listing and retail and institutional BTC purchases drove Bitcoin to a record $108,000, according to the study.
With a ~123.4% market cap rise in 2024, Bitcoin remains a significant worldwide asset. BTC overtook Saudi Aramco and silver as the 7th biggest asset by market cap.
Binance Research says Bitcoin might rise in the global asset rankings in 2025 if it continues this trend.
In the previous three months, decentralized spot and perpetual trading volumes rose to $326 billion and $356 billion, respectively. Meme currency trading on Solana and AI agent token trading on Base drove volume growth.
BNB rallied due to blockchain developments and institutional interest.
Despite the crypto market rise in December, XRP, Solana, and Dogecoin fell.
SOL fell about 9% in December. Binance experts attributed the dip to the market-wide sell-off caused by the Fed's aggressive 2025 projection.
In November, Solana's Total Value Locked (TVL) fell 4.5% and its monthly income fell 90% from $1.13 million to $12 million, possibly due to a 50% reduction in daily transactions and increased competition from new blockchains.
This covers WisdomTree's XRP ETF file, Ripple's relationship with Archax, and RLUSD's introduction. XRP fell 9.3% throughout the month despite the events.
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