The cryptocurrency industry report for the first quarter of 2024 released by CoinGecko shows that:
The total market value of cryptocurrencies increased by 65% ââin the first quarter, reaching a high of $2.9 trillion in March;
Driven by the approval of the US spot Bitcoin ETF, the price of Bitcoin soared by 69% in the first quarter, with an average daily trading volume of $34.1 billion, a 90% increase from the fourth quarter of 2023; as of April 2, the assets under management of the US spot Bitcoin ETF reached $55.1 billion;
The spot trading volume of centralized exchanges (CEX) reached $4.29 trillion, This is the highest quarterly trading volume of the top ten centralized exchanges since December 2021; As of March 2024, Binance's market share is 50%;
The scale of Ethereum re-staking on EigenLayer increased by 36%; The total market value of Meme coins on the top ten Solana chains increased by 802% to US$9.36 billion;
NFT trading volume reached US$4.7 billion, of which Blur accounted for 28%;
The share of DEX transactions on the Ethereum chain fell below 40%, of which in February, the indicator fell to a historical low of 30%.
#BTCđ„đ„đ„đ„đ„đ„ $BTC $ETH #ETHđ„đ„đ„ #SOLđ„đ„đ„đ„ $SOL #Meme