Binance has highlighted various crypto market trends for 2024 in recent reports:
1. Market Growth: The overall crypto market capitalization grew by 37.3% in the first half of 2024, led by DeFi, Layer-2 solutions, and major Layer-1 blockchains such as Bitcoin and Ethereum.
2. Bitcoin and other developments:
Bitcoin established a strong market position with ETF approvals and new protocols.
Ethereum introduced more smart contract features through upgrades.
BNB Chain continued to work on its projects such as opBNB and Greenfield.
3. NFT and DeFi developments:
Bitcoin NFTs trading exceeded $375 million in November 2024, a major achievement.
DeFi protocols locked a total value of $94.1 billion, up 72.8% from the previous year.
4. Future Trends:
Real World Assets are merging with blockchain.
More growth is expected in the SocialFi and gaming sectors.
You can check out Binance’s other blog posts for more details.
