Main Takeaways
This blog previews the recent Binance Research report discussing key developments in crypto markets over the past month.
February 2024 was a very strong month for crypto, with total market capitalization increasing 40% as BTC’s price inched closer to its all-time high amid sustained inflows from spot BTC ETFs.
The DeFi market also posted robust performance numbers, with TVL increasing 50%. Gains in the NFT market were less pronounced, with monthly trading volume rising 3.3% to $1.23 billion.
Thanks to Binance Research, you can take advantage of industry-grade analyses of the processes shaping Web3. By sharing these insights, we hope to empower our community with the latest knowledge from the field of crypto research
