Crypto Maket Analysis - June 2024
The crypto market had a tough month in June, with most top coins by market capitalization ending the month in the red. TON was the only exception, hitting an all-time high of $8.24 and closing the month with a 17.5% gain.
DeFi TVL experienced an 8.7% decline, but some projects like Bitcoin Layer-2 Networks Bsquared and CORE saw impressive gains. TON's DeFi TVL surged to $700M due to "The Open League" program.
NFT market performance was also negative, with a total sales volume of $46M (26.2% decrease from May). DMarket led the way, followed by CryptoPunks. Top Ordinal collections like Bitcoin Puppets and NodeMonkes saw significant declines.
Across top chains, NFT sales volumes decreased, with Bitcoin and Ethereum experiencing 48.2% and 50.2% downturns respectively. Solana's monthly sales volume fell 40.9%, and Blast faced an 81.0% plunge after its airdrop campaign concluded.
What do you think about the crypto market's performance in June? Share your thoughts!
