After the exuberance of Q1, the crypto market took Q2 to consolidate the gains and increased slightly by 0.14%, from a total market cap of $1.238 trillion on March 31, 2023, to $1.240 trillion on June 30, 2023. April and May were relatively quiet months, particularly after Ethereum’s Shapella upgrade on April 12 as the market was absent of any strong overarching narrative. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $30,000 and $1,900 respectively, with BTC climbing 6.9%, while ETH increased by 6.0% in Q2.
Our comprehensive 2023 Q2 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
2023 Annual Crypto Industry Report | CoinGeckoCoinGecko
In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.
When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.
Our comprehensive 2023 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
2023 Q3 Crypto Industry Report | CoinGeckoCoinGecko
A significant market downturn in mid-August split the relatively slow Q3 into two parts. With limited liquidity on cryptocurrency exchanges, Bitcoin's (BTC) value plummeted from around $29,000 to approximately $26,000 within a single day on August 17, causing the total cryptocurrency market capitalization to drop from $1.2 trillion to $1.1 trillion.
Despite the absence of any major market-related news on that particular day, it appeared as if traders were winding down their activities for the remainder of the summer. Trading volumes on centralized exchanges have declined by 20.2% in the third quarter compared to the second quarter. Despite it being a pretty eventful three months, the crypto market was absent of any momentum.
Our comprehensive 2023 Q3 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
Both 2021 and 2022 have been hallmark years in all things Web3, crypto, and blockchain. The market has dramatically expanded - we’ve seen new highs and some sobering lows alongside extraordinary and constant innovation. Here at Vayner3, we’ve grown from a small group of passionate crypto- natives to an end-to-end Web3 consultancy with 25+ enterprise clients across CPG, Retail, Fashion, Automotive, and Tech. Recent events have certainly surfaced clear bad actors and put the space in the spotlight for the wrong reasons, but we remain optimistic about our Web3 future. This paper will help explain why.
Web3 is the next evolution of the internet, consumer behavior, and culture powered by blockchain technology. Our definition of Web3 includes new technologies - cryptocurrencies, NFTs, DeFi, and the “metaverse” - but it also includes an important cultural and behavioral layer. Over the last 2 years, we have seen a renaissance begin in digital art, fashion, sports, music, and identity. As consumers spend more and more of their time online - and younger generations grow with a more intertwined version of physical and digital realities - we expect today’s fundamentals of emerging Web3 technology and culture to grow exponentially with profound implications.
In this paper, we attempt to dissect the meta Web3 narrative, dive into the data, and identify true signal in a (very) noisy market. We look at what matters most to marketers and operators at large enterprise organizations considering Web3 tech, and we focus on the near-term future. We stay grounded in business and technological realities, and we fully acknowledge that macroeconomic forces and regulatory changes could play a major role in how 2023 unfolds. All things considered, we remain convinced: Web3 is going increasingly mainstream in 2023. Let’s build the future together.
This publication serves as the first in-depth DMCC (Dubai Multi Commodities Centre) thought leadership report on the global and local gaming and esports ecosystem. It gathers contributions from key opinion leaders to share their views on where the gaming and esports industry is heading and places emphasis on the drivers of gaming and esports from a technology, culture and business perspective.
Stablecoin is a different type of cryptocurrency. These coins always have a stable price. As the prices of cryptocurrencies are highly volatile, stablecoin is a solution to this problem. Typically, the volatile nature of cryptocurrencies makes it impossible for companies to utilize them as an alternative to paper-based money. Thus, stablecoins can help out in that regard.
Typically, there are 4 types of stablecoin – Fiat-Backed Stablecoin, Commodity-Backed Stablecoin, Cryptocurrency-Backed Stablecoin, and Seigniorage-Style/Non-collateralized Stablecoin. All of these four types have different architecture and use cases behind them.
Even though there are many top stablecoins on the market, many tend to deal with lots of hurdles. For example, centralized nature, trust issues, regulations, and unstable nature are a few of the limitations.
If you are thinking about utilizing the power of stablecoins in your company or project, then we recommend starting with a solid blockchain course on the topic. 101 Blockchains is one of the leading educational networks where we offer the best of the best materials for your needs.
We have an array of masterclasses and courses on the topic, that you should definitely check out. Stablecoin Fundamentals Masterclass
https://academy.101blockchains.com/courses/stablecoin-masteclass
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Check out our certification courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Expert (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Check out our full guides on this topic from here ->
https://101blockchains.com/stablecoins/
https://101blockchains.com/stablecoin-vs-bitcoin/
https://101blockchains.com/list-of-stablecoins/
2022 has proven to be a tumultuous year for crypto - the total crypto market cap lost more than half its value, ending the year at $829 billion, marking the start of another crypto winter, after two years of bull market exuberance. NFTs and DeFi are among the hardest hit, and BTC recorded a steep decline of 64.2% since January 2022.
Our comprehensive 2022 Annual Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystem and reviewing the Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) performance.
2023 Annual Crypto Industry Report | CoinGeckoCoinGecko
In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.
When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.
Our comprehensive 2023 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
2023 Q3 Crypto Industry Report | CoinGeckoCoinGecko
A significant market downturn in mid-August split the relatively slow Q3 into two parts. With limited liquidity on cryptocurrency exchanges, Bitcoin's (BTC) value plummeted from around $29,000 to approximately $26,000 within a single day on August 17, causing the total cryptocurrency market capitalization to drop from $1.2 trillion to $1.1 trillion.
Despite the absence of any major market-related news on that particular day, it appeared as if traders were winding down their activities for the remainder of the summer. Trading volumes on centralized exchanges have declined by 20.2% in the third quarter compared to the second quarter. Despite it being a pretty eventful three months, the crypto market was absent of any momentum.
Our comprehensive 2023 Q3 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
Both 2021 and 2022 have been hallmark years in all things Web3, crypto, and blockchain. The market has dramatically expanded - we’ve seen new highs and some sobering lows alongside extraordinary and constant innovation. Here at Vayner3, we’ve grown from a small group of passionate crypto- natives to an end-to-end Web3 consultancy with 25+ enterprise clients across CPG, Retail, Fashion, Automotive, and Tech. Recent events have certainly surfaced clear bad actors and put the space in the spotlight for the wrong reasons, but we remain optimistic about our Web3 future. This paper will help explain why.
Web3 is the next evolution of the internet, consumer behavior, and culture powered by blockchain technology. Our definition of Web3 includes new technologies - cryptocurrencies, NFTs, DeFi, and the “metaverse” - but it also includes an important cultural and behavioral layer. Over the last 2 years, we have seen a renaissance begin in digital art, fashion, sports, music, and identity. As consumers spend more and more of their time online - and younger generations grow with a more intertwined version of physical and digital realities - we expect today’s fundamentals of emerging Web3 technology and culture to grow exponentially with profound implications.
In this paper, we attempt to dissect the meta Web3 narrative, dive into the data, and identify true signal in a (very) noisy market. We look at what matters most to marketers and operators at large enterprise organizations considering Web3 tech, and we focus on the near-term future. We stay grounded in business and technological realities, and we fully acknowledge that macroeconomic forces and regulatory changes could play a major role in how 2023 unfolds. All things considered, we remain convinced: Web3 is going increasingly mainstream in 2023. Let’s build the future together.
This publication serves as the first in-depth DMCC (Dubai Multi Commodities Centre) thought leadership report on the global and local gaming and esports ecosystem. It gathers contributions from key opinion leaders to share their views on where the gaming and esports industry is heading and places emphasis on the drivers of gaming and esports from a technology, culture and business perspective.
Stablecoin is a different type of cryptocurrency. These coins always have a stable price. As the prices of cryptocurrencies are highly volatile, stablecoin is a solution to this problem. Typically, the volatile nature of cryptocurrencies makes it impossible for companies to utilize them as an alternative to paper-based money. Thus, stablecoins can help out in that regard.
Typically, there are 4 types of stablecoin – Fiat-Backed Stablecoin, Commodity-Backed Stablecoin, Cryptocurrency-Backed Stablecoin, and Seigniorage-Style/Non-collateralized Stablecoin. All of these four types have different architecture and use cases behind them.
Even though there are many top stablecoins on the market, many tend to deal with lots of hurdles. For example, centralized nature, trust issues, regulations, and unstable nature are a few of the limitations.
If you are thinking about utilizing the power of stablecoins in your company or project, then we recommend starting with a solid blockchain course on the topic. 101 Blockchains is one of the leading educational networks where we offer the best of the best materials for your needs.
We have an array of masterclasses and courses on the topic, that you should definitely check out. Stablecoin Fundamentals Masterclass
https://academy.101blockchains.com/courses/stablecoin-masteclass
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Check out our certification courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Expert (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Check out our full guides on this topic from here ->
https://101blockchains.com/stablecoins/
https://101blockchains.com/stablecoin-vs-bitcoin/
https://101blockchains.com/list-of-stablecoins/
2022 has proven to be a tumultuous year for crypto - the total crypto market cap lost more than half its value, ending the year at $829 billion, marking the start of another crypto winter, after two years of bull market exuberance. NFTs and DeFi are among the hardest hit, and BTC recorded a steep decline of 64.2% since January 2022.
Our comprehensive 2022 Annual Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystem and reviewing the Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) performance.
The macro and political backdrops are much different today than they were twelve months ago. I wrapped up the 2022 report when interest rates were near zero, and crypto markets and the S&P sat at all-time highs. We didn’t have a single proxy war with a nuclear-armed adversary! And we had Dem- ocratic leadership in both chambers of Congress.
Portfolios are down 80% since then. Crypto startups are (sometimes) required to have business models before VCs cut checks, and nine figure checks might (maybe) begin to include board oversight. The separation of money and state feels inevitable as countries are getting canceled. Real policy is taking shape in DC, and the outlook for regulatory progress is somewhat rosier.
Is this the dark before the dawn, or the beginning of a long Arctic winter? I believe in crypto.
Bitcoin and Ethereum seem to be on long-term stable ground. DeFi will take major strides forward next year. Privacy tech will be promoted as an integral part of the future of public blockchains (or get de facto banned on dystopian and vague “national security” grounds). Infrastructure investments around code security, decentralized hardware, virtual worlds, custody, protocol governance, and block- chain scalability are all in vogue. There will be less NFT speculation. Fewer moon fumes.
I will probably spend more time in this report deconstructing crypto policy than you would like, but I’ll make fun of important people along the way to keep it zippy.
Once again, this beast took me 200 hours to write. That’s a lot, but it’s also down about 20% from last year. I thank the Messari analyst team for those cost savings. They write good stuff daily for Messari Pro subscribers, and you should sign up. If you’re an institution or crypto startup, stop missing key insights: our Enterprise-level offering give your company the research and data tools you need to save more time, energy, and long-term compliance costs on day-to-day crypto work.
In 2022, Messari tripled our team size and revenue in a down market. We closed a Series B, launched several new products (Asset Intelligence, Protocol Metrics, Data Apps), and doubled the size of Main- net 2022 in NYC. We’re still hiring. Come with me if you want to live.
Every year, people ask me how I write all this stuff in such a short amount of time. Mostly, it’s a labor of love. I am grateful to have the opportunity to build in this industry, and we appreciate the builders who have supported us through thick and thin. This report is a token of appreciation.
But if I’m being honest, there’s also a certain amount of rage that fueled this report. The bad actors have gotten all of the oxygen this year, and set back the good actors and years of progress that they had made.
I hope The Theses shifts the focus away from the frauds and the tourists, and back to the pioneers. I wrote this in the pioneers’ defense.
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Megan Encarnacion, Associate Director Social Media & Christopher Dimmock, SVP Integrated Strategy, Abelson Taylor (USA); Ramaa Mosley, CEO Adolescent Content/Youthtellers & Serenity Griffin, Community Manager & Michelle Castillo, Youthteller Consultant &Jola Adeoye, Youthteller Consultant & Sophie Wieters, Youthteller Consultant & Rea Sweets, Youthteller Consultant & Nathalie Alvarez, Youthteller Consultant & Jacob Thompson, Youthteller Consultant § Jadon Velasquez, Youthteller Consultant § Maya Minhas, Youthteller Consultant & Khrystina Warnstadt, Youthteller Consultant, Adolescent Content (USA); Alex Casanovas, Digital Director. Atrevia (ES); Natalie Chaney, Social Strategist, Barrett (USA); Seyi Alawode, Founder & Head of Strategy, CHL (NGA / UK); Eli Williams, Sr. Creative Strategist, Day One Agency (USA); Francesca Trevisan, Strategist, Different (IT); Jide Agbana, Global Product Marketing Manager, Enterfive (US / UK / NGA); Olivia Hussey, Junior Planner, The Hallway (AUS); James Hebbert, Managing Director, Hylink UK (CH / UK); Laura Marzec, Content Strategy at Imagination, part of The Mx Group (USA); Valentina Lagos, Social Media Manager & Felipe "Peluche" León, Digital Director & Mundy Álvarez, Planning Director & Pancho González, CCO, Inbrax (CH); Oana Oprea, Head of Digital Planning, Jam Session Agency (RO); Alix Le Bourgeois, Lead Strategist, JIN (UK/FR); Leigh Tayler, Integrated Strategy Director, Joe Public (SA); Amy Bottrill, Social Account Director, Launch (UK); Gaby Arriaga, Founder of Leonardo1452, Leonardo1452 (MX), Rajesh Mehta, Chief Strategy Officer & Dhruv Gaur, Digital Planning Lead, Medulla (IN); Maira Genovese, Founder and President, MG Empower (UK); Aryana Noorbakhsh, Senior Digital Marketing Executive, Osaka Labs (UK); Timotée Louise Gbaguidi, Digital Communications Director, PIABO (DE); Alexandre Ouairy, Founder and Director, PLTFRM (CN); Daffi Ranandi, Junior Insights Manager, Radarr (SGP); Hannah Nickels, Head Paid & Owned Media Thinker, Thinkerbell (AUS); Allison Lee, Social Team Co-Lead, UltraSuperNew (JP)
This presentation is the strategic plan for Real Bedford Football Club.
Our goal is to bring league football to Bedford and ultimately get us into the Premier League.
Mycelia is a disruptive project that connects indigenous peoples to the Web3 community in order to preserve future generations. To this end, Mycelia aims to enable and accelerate the creation of global, digital, and decentralized indigenous institutions based on the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), using cutting-edge web3 technologies.
This is the successful pitch deck of the Bettery company that Angel and Seed investors positively appreciate. The pitch deck has 15 key slides and 13 appendix slides that describe Bettery aspects in more detail. Bettery is a play-to-earn social betting platform to bet with friends and influencers using social media content, gamble-free & based on blockchain.
Yuga Labs, the company that created the wildly popular Bored Ape Yacht Club NFT collection, is hoping to make hundreds of millions of dollars by selling off virtual plots of land. According to a leaked pitch deck obtained by The Block, the company also plans to launch a sweeping new metaverse initiative, as well as its own token.
Yuga's revenue last year reached a whopping $127 million, a figure it anticipates will reach $455 million by 2022 — largely from the sale of virtual land.
This leak comes after a flurry of activity in the blue-chip corner of the NFT sector: most notably, Yuga Labs announced the acquisition of the CryptoPunks and Meebits NFT projects’ intellectual property from Larva Labs just days prior. As of today, Yuga Labs owns two of the most valuable NFT projects on the market: BAYC and CryptoPunks projects have a combined trading volume of more than US$3 billion.
Read more: vip.graphics/yuga-labs-pitch-deck/
See the deck: bestpitchdeck.com/yuga-labs
Battery Ventures State of the OpenCloud Report 2022Battery Ventures
Battery Ventures' 2022 State of the OpenCloud report, compiled by General Partner Dharmesh Thakker and his team Danel Dayan, Jason Mendel and Patrick Hsu. The report analyzes the macro technology and economic trends impacting the cloud market, and provides advice for cloud-native entrepreneurs who are navigating these trends to build large, enduring businesses.
China metaverse report by daxue consulting and ayo consultingDaxue Consulting
In 2021, the Chinese government set Metaverse technology development as an objective for the country’s economic growth. With government incentives and a strong interest from Chinese consumers, Chinese tech giants have aggressively invested in Metaverse technology and applications ever since. VR enhanced gaming is of course one of those applications, but those technologies apply far beyond the world of video games. From virtual try-ons in retail stores to marketing campaigns based on metahuman influencers, Chinese firms are already using tomorrow’s Metaverse technologies to create ever increasingly engaging consumer experiences.
In this report made in collaboration with AYO Consulting, you will find an analysis of China’s metaverse and the various applications of its technology in retail.
Download to learn:
- What Metaverse technologies companies can leverage to boost sales in China
- Which companies are developing those technologies in China
- How VR and AR enhance the shopping experience of Chinese consumers
- How is the legal environment shaping the NFT and cryptocurrency landscape in China
- How and why companies are using metahumans to conduct marketing campaigns in China
- What are the benefits of hosting virtual events, with some Chinese case studies
Key stats on the Metaverse in China:
- After the creation of the Metaverse Industry Committee in 2021, financing of Metaverse-related projects reached 5.7 billion US dollars in China the same year. In 2022, from January to March alone those investments jumped to 8.1 billion US dollars.
- Chinese giants are heavily investing in Metaverse-related technologies. Among them, Bytedance acquired the third largest worldwide VR set maker Pico for 5 billion RMB.
- As of 2021, Huawei was the first 5G patent holder in the world at 15.4% of all 5G-related patents.
- The AI core industry in China was worth 189 billion RMB, almost doubling over two years.
- The virtual idol market in China was worth 101 billion RMB in 2021 and is projected to triple by the year 2023.
In Bessemer’s State of the Cloud 2020 Report, we distill twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early-stage cloud founders need to prioritize for growth, and of course, share our predictions that explain the emerging categories we’re eyeing to spot promising new companies.
Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe the future of technology is forged in the cloud, and after two decades of growth it’s just the beginning.
In a time when founders and investors are faced with unprecedented market volatility, it is especially timely to step back and look at the long arc of technology, and the cloud computing revolution in particular.
Source: bvp.com/cloud
Bessemer Venture Partners (Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D'Onofrio)
2023 Q1 Crypto Industry Report | CoinGeckoCoinGecko
A new year brings new beginnings, as the crypto market woke from its end-2022 hibernation to shake off the bears, increasing 48.9% from a total market cap of $831.8B on Jan 1, 2023 to $1.238T on Mar 31, 2023. While it was not smooth sailing all the way, this run reversed losses stemming from FTX’s collapse, returning the market to heights before the Ethereum Merge. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $28,000 and $1,800 respectively, with BTC performing particularly well, gaining close to 70% this quarter.
Our comprehensive 2023 Q1 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
The macro and political backdrops are much different today than they were twelve months ago. I wrapped up the 2022 report when interest rates were near zero, and crypto markets and the S&P sat at all-time highs. We didn’t have a single proxy war with a nuclear-armed adversary! And we had Dem- ocratic leadership in both chambers of Congress.
Portfolios are down 80% since then. Crypto startups are (sometimes) required to have business models before VCs cut checks, and nine figure checks might (maybe) begin to include board oversight. The separation of money and state feels inevitable as countries are getting canceled. Real policy is taking shape in DC, and the outlook for regulatory progress is somewhat rosier.
Is this the dark before the dawn, or the beginning of a long Arctic winter? I believe in crypto.
Bitcoin and Ethereum seem to be on long-term stable ground. DeFi will take major strides forward next year. Privacy tech will be promoted as an integral part of the future of public blockchains (or get de facto banned on dystopian and vague “national security” grounds). Infrastructure investments around code security, decentralized hardware, virtual worlds, custody, protocol governance, and block- chain scalability are all in vogue. There will be less NFT speculation. Fewer moon fumes.
I will probably spend more time in this report deconstructing crypto policy than you would like, but I’ll make fun of important people along the way to keep it zippy.
Once again, this beast took me 200 hours to write. That’s a lot, but it’s also down about 20% from last year. I thank the Messari analyst team for those cost savings. They write good stuff daily for Messari Pro subscribers, and you should sign up. If you’re an institution or crypto startup, stop missing key insights: our Enterprise-level offering give your company the research and data tools you need to save more time, energy, and long-term compliance costs on day-to-day crypto work.
In 2022, Messari tripled our team size and revenue in a down market. We closed a Series B, launched several new products (Asset Intelligence, Protocol Metrics, Data Apps), and doubled the size of Main- net 2022 in NYC. We’re still hiring. Come with me if you want to live.
Every year, people ask me how I write all this stuff in such a short amount of time. Mostly, it’s a labor of love. I am grateful to have the opportunity to build in this industry, and we appreciate the builders who have supported us through thick and thin. This report is a token of appreciation.
But if I’m being honest, there’s also a certain amount of rage that fueled this report. The bad actors have gotten all of the oxygen this year, and set back the good actors and years of progress that they had made.
I hope The Theses shifts the focus away from the frauds and the tourists, and back to the pioneers. I wrote this in the pioneers’ defense.
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Megan Encarnacion, Associate Director Social Media & Christopher Dimmock, SVP Integrated Strategy, Abelson Taylor (USA); Ramaa Mosley, CEO Adolescent Content/Youthtellers & Serenity Griffin, Community Manager & Michelle Castillo, Youthteller Consultant &Jola Adeoye, Youthteller Consultant & Sophie Wieters, Youthteller Consultant & Rea Sweets, Youthteller Consultant & Nathalie Alvarez, Youthteller Consultant & Jacob Thompson, Youthteller Consultant § Jadon Velasquez, Youthteller Consultant § Maya Minhas, Youthteller Consultant & Khrystina Warnstadt, Youthteller Consultant, Adolescent Content (USA); Alex Casanovas, Digital Director. Atrevia (ES); Natalie Chaney, Social Strategist, Barrett (USA); Seyi Alawode, Founder & Head of Strategy, CHL (NGA / UK); Eli Williams, Sr. Creative Strategist, Day One Agency (USA); Francesca Trevisan, Strategist, Different (IT); Jide Agbana, Global Product Marketing Manager, Enterfive (US / UK / NGA); Olivia Hussey, Junior Planner, The Hallway (AUS); James Hebbert, Managing Director, Hylink UK (CH / UK); Laura Marzec, Content Strategy at Imagination, part of The Mx Group (USA); Valentina Lagos, Social Media Manager & Felipe "Peluche" León, Digital Director & Mundy Álvarez, Planning Director & Pancho González, CCO, Inbrax (CH); Oana Oprea, Head of Digital Planning, Jam Session Agency (RO); Alix Le Bourgeois, Lead Strategist, JIN (UK/FR); Leigh Tayler, Integrated Strategy Director, Joe Public (SA); Amy Bottrill, Social Account Director, Launch (UK); Gaby Arriaga, Founder of Leonardo1452, Leonardo1452 (MX), Rajesh Mehta, Chief Strategy Officer & Dhruv Gaur, Digital Planning Lead, Medulla (IN); Maira Genovese, Founder and President, MG Empower (UK); Aryana Noorbakhsh, Senior Digital Marketing Executive, Osaka Labs (UK); Timotée Louise Gbaguidi, Digital Communications Director, PIABO (DE); Alexandre Ouairy, Founder and Director, PLTFRM (CN); Daffi Ranandi, Junior Insights Manager, Radarr (SGP); Hannah Nickels, Head Paid & Owned Media Thinker, Thinkerbell (AUS); Allison Lee, Social Team Co-Lead, UltraSuperNew (JP)
This presentation is the strategic plan for Real Bedford Football Club.
Our goal is to bring league football to Bedford and ultimately get us into the Premier League.
Mycelia is a disruptive project that connects indigenous peoples to the Web3 community in order to preserve future generations. To this end, Mycelia aims to enable and accelerate the creation of global, digital, and decentralized indigenous institutions based on the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), using cutting-edge web3 technologies.
This is the successful pitch deck of the Bettery company that Angel and Seed investors positively appreciate. The pitch deck has 15 key slides and 13 appendix slides that describe Bettery aspects in more detail. Bettery is a play-to-earn social betting platform to bet with friends and influencers using social media content, gamble-free & based on blockchain.
Yuga Labs, the company that created the wildly popular Bored Ape Yacht Club NFT collection, is hoping to make hundreds of millions of dollars by selling off virtual plots of land. According to a leaked pitch deck obtained by The Block, the company also plans to launch a sweeping new metaverse initiative, as well as its own token.
Yuga's revenue last year reached a whopping $127 million, a figure it anticipates will reach $455 million by 2022 — largely from the sale of virtual land.
This leak comes after a flurry of activity in the blue-chip corner of the NFT sector: most notably, Yuga Labs announced the acquisition of the CryptoPunks and Meebits NFT projects’ intellectual property from Larva Labs just days prior. As of today, Yuga Labs owns two of the most valuable NFT projects on the market: BAYC and CryptoPunks projects have a combined trading volume of more than US$3 billion.
Read more: vip.graphics/yuga-labs-pitch-deck/
See the deck: bestpitchdeck.com/yuga-labs
Battery Ventures State of the OpenCloud Report 2022Battery Ventures
Battery Ventures' 2022 State of the OpenCloud report, compiled by General Partner Dharmesh Thakker and his team Danel Dayan, Jason Mendel and Patrick Hsu. The report analyzes the macro technology and economic trends impacting the cloud market, and provides advice for cloud-native entrepreneurs who are navigating these trends to build large, enduring businesses.
China metaverse report by daxue consulting and ayo consultingDaxue Consulting
In 2021, the Chinese government set Metaverse technology development as an objective for the country’s economic growth. With government incentives and a strong interest from Chinese consumers, Chinese tech giants have aggressively invested in Metaverse technology and applications ever since. VR enhanced gaming is of course one of those applications, but those technologies apply far beyond the world of video games. From virtual try-ons in retail stores to marketing campaigns based on metahuman influencers, Chinese firms are already using tomorrow’s Metaverse technologies to create ever increasingly engaging consumer experiences.
In this report made in collaboration with AYO Consulting, you will find an analysis of China’s metaverse and the various applications of its technology in retail.
Download to learn:
- What Metaverse technologies companies can leverage to boost sales in China
- Which companies are developing those technologies in China
- How VR and AR enhance the shopping experience of Chinese consumers
- How is the legal environment shaping the NFT and cryptocurrency landscape in China
- How and why companies are using metahumans to conduct marketing campaigns in China
- What are the benefits of hosting virtual events, with some Chinese case studies
Key stats on the Metaverse in China:
- After the creation of the Metaverse Industry Committee in 2021, financing of Metaverse-related projects reached 5.7 billion US dollars in China the same year. In 2022, from January to March alone those investments jumped to 8.1 billion US dollars.
- Chinese giants are heavily investing in Metaverse-related technologies. Among them, Bytedance acquired the third largest worldwide VR set maker Pico for 5 billion RMB.
- As of 2021, Huawei was the first 5G patent holder in the world at 15.4% of all 5G-related patents.
- The AI core industry in China was worth 189 billion RMB, almost doubling over two years.
- The virtual idol market in China was worth 101 billion RMB in 2021 and is projected to triple by the year 2023.
In Bessemer’s State of the Cloud 2020 Report, we distill twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early-stage cloud founders need to prioritize for growth, and of course, share our predictions that explain the emerging categories we’re eyeing to spot promising new companies.
Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe the future of technology is forged in the cloud, and after two decades of growth it’s just the beginning.
In a time when founders and investors are faced with unprecedented market volatility, it is especially timely to step back and look at the long arc of technology, and the cloud computing revolution in particular.
Source: bvp.com/cloud
Bessemer Venture Partners (Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D'Onofrio)
2023 Q1 Crypto Industry Report | CoinGeckoCoinGecko
A new year brings new beginnings, as the crypto market woke from its end-2022 hibernation to shake off the bears, increasing 48.9% from a total market cap of $831.8B on Jan 1, 2023 to $1.238T on Mar 31, 2023. While it was not smooth sailing all the way, this run reversed losses stemming from FTX’s collapse, returning the market to heights before the Ethereum Merge. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $28,000 and $1,800 respectively, with BTC performing particularly well, gaining close to 70% this quarter.
Our comprehensive 2023 Q1 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
The dramatic events of 2022 will shape the crypto landscape for years to come.
Chart 1. Rolling 1y Sharpe ratio
Sources: IEX Cloud and Coinbase.
Yet, despite the uncertainty surrounding the
potential fallout, there are important
characteristics that distinguish this market
from the previous crypto winter. For one,
institutional crypto adoption remains firmly
entrenched. Many investors take a long-term
perspective and recognize the cyclical nature
of these markets. Rather than stepping back,
they are using this environment to hone their
knowledge and build the infrastructure to
prepare for the future.
But no one is arguing that digital assets
haven’t faced an important setback. The
total market capitalization of cryptocurrencies
is currently around US$835 billion, down 62%
from $2.2 trillion at the end of 2021, albeit still
high relative to most of the asset class’ history.
Comparatively, the Nasdaq is down 30% since
the end of 2021 and the S&P 500 down 18%.
From a Sharpe ratio perspective however,
crypto’s risk-adjusted return actually
performed in line with US and global stock
indices through 2022 and did much better
than US bonds. Prior to the fallout in November,
an equally-weighted basket of BTC and ETH
offered a negative Sharpe ratio of 1.08 compared
to an average negative return of 0.90 for US
stocks. This is a significant deviation from
the trend observed in the last crypto winter,
when digital assets underperformed nearly
all traditional risk assets for the duration of
2019 and into early 2020.
4
The differences between these periods may
also be observed in the prospective fallout
from the latest crypto downturn. For instance,
we expect greater calls for regulatory clarity
to emerge, as institutional investors push for
better governance and standards to help
make the asset class more accessible, safer,
and easier for all to navigate. This will take
time, however, as the industry puts lessons
about systemic deficiencies in the right
context and applies the necessary risk
controls to protect its customers.
Looking ahead, we believe the evolution
of the crypto ecosystem is putting subjects
like tokenization, permissioned DeFi, and
web3 front and center. Meanwhile, bitcoin’s
core investment thesis remains intact, while
Ethereum seems to be outpacing its layer-1
competition in terms of network activity.
We are seeing a greater variety of use cases for
non-fungible tokens outside of art, like using
NFTs to certify and authenticate real-world
assets or as ENS domain names. Stablecoins
are now one of the largest sectors in the crypto
ecosystem with an outsized role in storing and
transferring wealth.
We discuss these trends and many more in the
enclosed report
Crypto Outlook Report 2024 by TradeDOG Grouptdtradedog
As we delve into our Crypto Outlook Report for 2024, we reflect on the highs, lows, and pivotal moments that defined the past year, while also peering into the horizon to forecast the exciting potential and emerging patterns set to influence the year ahead, with insights from industry leaders at Stepn, Enjin, Hacken, SuperScrypt, and more.
https://login.tradedog.io/dashboard/view-report/17036826500731JrSGjtYQVldc/1
2024 Q1 Crypto Industry Report | CoinGeckoCoinGecko
After a strong 2023 Q4, the total crypto market cap continued rallying by +64.5% in 2024 Q1, reaching a high of $2.9 trillion on March 13.
In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March.
Our comprehensive 2024 Q1 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
We’ve summarized the key highlights, but be sure to dig into the full 50 slides below.
Hello fellow crypto enthusiasts!
As we come to the end of the year, it's a good time to look back at the events that shaped the crypto market in 2022. It's been an exciting year to say the least, with plenty of highs and lows. In the year end report we take a dig at some of the major events and analysis from the Crypto World.
CoinGecko 2019 Year End Cryptocurrency ReportCoinGecko
This is the tenth cryptocurrency report produced by CoinGecko covering the full year of 2019.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:
- Market capitalization growth, volume change, and price movement
- Exchanges & Stabelcoins
- Crypto companies M&A
- 2020 Predictions from 20+ Thought Leaders
- 2020 Key Events
- Ethereum 2.0 Overview
- DeFi Growth
- Decentralized application (Dapp), Non-Fungible Tokens (NFT), and Masternodes market summary
Download the full report here:
https://bit.ly/coingecko-2019-report
View all of CoinGecko's historical quarterly reports here:
https://reports.coingecko.com/all-report
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
Real World Assets (RWAs) in crypto have a long history, starting with fiat-backed stablecoins such as Tether (USDT). However, since the introduction of DeFi in 2020, and the bear market of 2022, a more diverse variety of RWAs have been tokenized to cater to the needs of on-chain investors. While RWAs are still predominantly focused on debt / credit, other assets such as real estate, art & collectibles, etc have also piqued the interest of investors.
Fundamentally, RWA projects live at the intersection between the real world and blockchains, and between issuers and investors. Whether they can act as an effective intermediary at these intersections will be pivotal to their success. While there will inevitably be reliance on third parties, such as oracles, custodians, credit assessors, and more, how these are effectively utilized and managed will remain crucial for their continued operations.
We’ve summarized the key highlights, but be sure to dig into the full 21 slides below.
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
Real World Assets (RWAs) in crypto have a long history, starting with fiat-backed stablecoins such as Tether (USDT). However, since the introduction of DeFi in 2020, and the bear market of 2022, a more diverse variety of RWAs have been tokenized to cater to the needs of on-chain investors. While RWAs are still predominantly focused on debt / credit, other assets such as real estate, art & collectibles, etc have also piqued the interest of investors.
Fundamentally, RWA projects live at the intersection between the real world and blockchains, and between issuers and investors. Whether they can act as an effective intermediary at these intersections will be pivotal to their success. While there will inevitably be reliance on third parties, such as oracles, custodians, credit assessors, and more, how these are effectively utilized and managed will remain crucial for their continued operations.
We’ve summarized the key highlights, but be sure to dig into the full 22 slides below.
GameFi Report 2023: GameFi Levels Up | CoinGeckoCoinGecko
Early crypto games launched way back in 2017, with CryptoKitties becoming the earliest craze, causing congestion on the Ethereum network. CryptoKitties led to the creation of the ERC-721 NFT standard, and the first game-centric chain Flow.
The First GameFi Wave in 2021, ushered in by Axie Infinity and later StepN brought new GameFi trends such as Play-to-Earn (P2E) and Move-to-Earn (M2E). Blockchain games across a variety of genres quickly followed, and quickly spread beyond Ethereum onto more performant chains with cheaper gas fees.
While most of these games eventually collapsed due to overly-simplistic gameplay and unsustainable tokenomics, a few of them such as Alien Worlds, Farmers World, Splinterlands and Axie Infinity have survived until today, albeit with a much smaller community of active addresses. Compared to the peak of GameFi in November 2021, the number of active participating addresses have declined by 57.9% to 837k.
We’ve summarized the key highlights, but be sure to dig into the full 21 slides below.
Deep Diving Into ETH Liquid Staking | CoinGeckoCoinGecko
The launch of Ethereum's Beacon chain in December 2020 brought staking rewards to validators but required a hefty 32 ETH stake, prompting the emergence of pooled staking and Liquid Staking Derivatives (LSDs). By August 2023, LSD protocols accounted for 43.7% of the total 26.4 million ETH staked. Post-Shapella, LSD staking surged, causing long entry queues while exit queues remained minimal. Top 8 LSDs yielded an average of 4.4% APY since January 2022, with Frax leading. However, yields are expected to decrease as more ETH is staked.
LSDs have distributed about 100,000 ETH in quarterly staking rewards, capturing over half of all ETH emissions since late 2022. This growth has given rise to LSDFi, with Lybra, Pendle, and EigenLayer dominating the sector, growing by 58.7x since January 2023. Despite these gains, concerns about cartelization and concentration loom, prompting debates about self-limitation within the protocol and LSDs.
Join us as dive into the realm of ETH liquid staking, how LSDs have become one of the largest segments in DeFi, as well as the growth of the LSDFi sector.
The State of Decentralized Perpetual Protocols | CoinGeckoCoinGecko
As fears of another crypto exchange collapsing have gotten the community on edge, more crypto users are turning towards decentralized perpetual protocols to satiate their demand for leveraged trading. Throughout the recent bear market, perpetual exchanges have been a beacon of light in the otherwise gloomy state of DeFi, providing an avenue for users to trade with leverage in a permissionless way while allowing liquidity providers to earn sustainable fees in an environment starved for yield.
Dive into our State of Decentralized Perpetual Protocols Report as we explore the history and evolution of decentralized perpetuals, how they have performed thus far, and what we can expect from decentralized perpetuals in the near future.
The Global Crypto Classification Standard by 21Shares & CoinGeckoCoinGecko
We are pleased to release the Global Crypto Classification Standard (GCCS) jointly developed by 21Shares and CoinGecko, which serves as an industry taxonomy and uniformed way to categorize cryptoassets.
Crypto, with its unfamiliar technology stack and sheer number and variety of projects and tokens, terminology and jargon, may be daunting and overwhelming to industry newcomers. The GCCS provides a clear framework to classify various projects and cryptoassets within the space, so that users and investors can easily identify what a project does, and where they sit as part of the larger crypto stack.
Read more: https://www.coingecko.com/research/publications/global-crypto-classification-standard
As NFT projects continue to pop up and censorship woes become a reality, decentralized storage has become a beacon of hope for many. Let’s check out how much the decentralized storage sector has grown!
CoinGecko 2018 Full Year Cryptocurrency ReportCoinGecko
This is the sixth cryptocurrency report produced by CoinGecko covering the full year of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market capitalization growth, volume change, and price movement
- Cryptocurrency exchange ranking, volume & dominance
- Initial Coin Offerings (ICOs) trends
- Stablecoins trends
- Timeline of major events & regulatory updates
- Bitcoin Cash split
- Decentralized applications (dapps) trends
- Security Tokens insights
- Masternodes insights
- Non-Fungible Tokens trends
- and many more...
Download the full report here:
http://reports.coingecko.com/2018-report
View all of CoinGecko's historical quarterly reports here:
http://reports.coingecko.com/all-reports
This is the fourth cryptocurrency report produced by CoinGecko covering the second quarter of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market cap growth, volume change, and price movement
- % change from All Time High
- Timeline of major events & regulatory updates
- Initial Coin Offerings (ICOs)
- Cryptocurrency exchange ranking, volume & dominance
- Twitter analysis
- Decentralized Applications (dApps) Trends
- and many more...
Download the full report here:
http://reports.coingecko.com/2018-q2-en
View all of CoinGecko's historical quarterly reports here:
http://reports.coingecko.com/all-reports
This is the third cryptocurrency report produced by CoinGecko covering the first quarter of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market cap growth, volume change, and price movement
- Timeline of all major events worldwide
- Key regulatory updates
- Initial Coin Offerings (ICOs)
- % change from All Time High
- and many more...
Download the full report here:
http://www.newsletter.coingecko.com/landing/2018-q1-report
2017 Year in Review Cryptocurrency Report by CoinGeckoCoinGecko
This is the second cryptocurrency report produced by CoinGecko covering the year-in-review of 2017.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market cap growth, volume change, and price movement
- Timeline of all major events worldwide are also covered
- Bitcoin and Ethereum against the Big Mac index.
- Bitcoin state of forks
- and more...
Q3 2017 Cryptocurrency Report by CoinGeckoCoinGecko
CoinGecko presents our first cryptocurrency report covering Q3 of 2017. In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as market cap growth, volume change, and price movement. We also conducted some fun analysis comparing the price of Bitcoin and Ethereum against the Big Mac index.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
2. CoinGecko 2023 Q2 Crypto Industry Report
DeFi Analysis
- 2023 Q2 DeFi Overview
- 2023 Q2 DeFi Multichain Market Share
- 2023 Q2 DeFi Ecosystem Overview
- 2023 Q2 Cross-chain Bridge Liquidity
- LSDFi
23
1
Table of Contents
Analysts:
Market Landscape
- 2023 Q2 Overall Crypto Market Overview
- 2023 Q2 Crypto Dominance
- 2023 Q2 Cryptocurrency Price Returns
- 2023 Q2 Top 15 Stablecoins Overview
- 2023 Q2 Total Crypto Market Cap & Bitcoin vs. S&P 500
- 2023 Q2 Notable Events Timeline
- The SEC’s Lawsuits against Binance and Coinbase
3
Founders’ Note 2
Non-Fungible Tokens (NFTs)
- 2023 Q2 NFT Trading Volume across Top 8 Chains
- 2023 Q2 NFT Platform Trading Volumes
- 2023 Q2 Notable NFT Collections
- NFT Lending
30
Bitcoin Analysis
- 2023 Q2 Bitcoin Price vs. Trading Volume
- 2023 Q2 Bitcoin Mining Hash Rate
- 2023 Q2 Bitcoin vs. Major Asset Classes Price Returns
- Spot Bitcoin ETF Applications in the US
11
Win Win
Exchanges
- 2023 Q2 Total Crypto Exchange Volumes
- 2023 Q2 Top 10 Spot Centralized Exchanges (CEX) Trading Volume
- 2023 Q2 Top 10 Spot Decentralized Exchanges (DEX) Trading Volume
- 2023 Q2 Spot DEX Trading Volume Breakdown by Chain
- 2023 Q2 Top 10 Centralized Perpetual Exchanges Trading Volume
- 2023 Q2 Top 10 Centralized Perpetual Exchanges Open Interest
- 2023 Q2 Decentralized Perpetual Protocols Trading Volume
- 2023 Q2 Decentralized Perpetual Protocols Open Interest
36
Shaun Lee
Ethereum Analysis
- 2023 Q2 Ethereum Price vs. Trading Volume
- 2023 Q2 Ethereum Consensus Layer Staking
- 2023 Q2 Ethereum Burn Rate
- 2023 Q2 Maximal Extractable Value (MEV)
- May 2023 Memecoin Season
16
Zhong
Weng Dee Nicholas Boey
3. CoinGecko 2023 Q2 Crypto Industry Report 2
Founders’ Note
Bobby Ong
COO
TM Lee
CEO
After the exuberance of Q1, it was reasonable to expect that the crypto market would take some time to consolidate some of its gains. April and May were relatively quiet
months, particularly after Ethereum’s Shapella upgrade on April 12 as the market was absent of any strong overarching narrative. At this point the familiar adage of “sell in May
and go away” seemed like it was going to ring true.
Ethereum’s successful Shapella upgrade, and subsequent lack of withdrawals after it was activated, quickly turbocharged liquid staking derivatives as more people jumped in to
stake their ETH. At the end of Q2, more than 17% of the total ETH supply had been staked. While concerns over security and concentration risks remain, staked ETH has now
clearly emerged as a core DeFi primitive for people to build off for years to come.
There is never a dull moment in crypto, and this quarter’s drama was promptly served up by the US SEC in June. Continuing its streak of enforcement actions in 2023, the
regulator filed lawsuits against Binance and Coinbase, two of the largest global centralized exchanges for amongst other things, operating illegal securities exchanges.
As both exchanges gear up to challenge the SEC in court, the future of crypto regulations in the US is also at stake. In making its case, the SEC named a slew of altcoins as it
seeks to enforce its jurisdiction. If the courts agree with the SEC’s definition, there will be significant ramifications for the industry and how projects can operate in the US.
Despite the SEC’s enforcement actions being long rumored, the news still sent shockwaves throughout the market, with prices and liquidity both falling rapidly. At one point it
looked like the total crypto market cap would fall below $1 trillion as BTC dipped under $25,000, and altcoins named in the lawsuit also took significant hits.
Just as the market looked set for capitulation, the mood took a drastic turn as news broke that BlackRock, the world’s largest asset manager had filed an application with the
SEC to offer a spot bitcoin ETF. The SEC has over the years resisted approving a spot bitcoin ETF, but BlackRock jumping into the fray has reignited hopes. Other asset managers
such as WisdomTree, Invesco and Fidelity have quickly followed suit and filed similar applications.
It is uncertain whether the SEC is more amenable to these latest applications from traditional incumbents, but the
news swiftly sent Bitcoin back above $30,000. This resulted in the total crypto market cap closing out Q2 2023 at
$1.24 trillion, essentially back where it started the quarter, and still almost 50% up year-to-date.
While the regulatory landscape for crypto within the US remains fraught, significant progress is being made in other
parts of the world. Europe passed its MiCA regulations this May, Hong Kong rolled out its regulations for exchanges
in June, and the UK recently passed a bill to bring crypto under financial regulations. The allure of the US market will
always be there, but at this point in time, crypto projects should probably look elsewhere for more welcoming
hosts.
As we’re writing this, a new cycle of FUD has just struck NFTs, particularly so called “bluechip” collections like Azuki,
Apes and Moonbirds, which experienced significant dips following recent controversies. A lot has been said about
mismatched expectations between founders vs holders, but NFT projects need to evolve beyond just being simple
JPEGs, and it looks like there’s going to be a lot of growing pains. We await to see how many of these projects will
prove themselves to be true blue chips once the dust settles.
The crypto industry certainly has its share of dramatic moments which can sometimes overshadow the real
progress being made by builders! We've yet to mention the introduction of the new zkEVM Layer 2s, Uniswap's V4
announcement, or more real world assets making their way onto public blockchains. On the CoinGecko end, we’ve
progressively rolled out our NFT floor price tracker on both web and mobile, expanded our API endpoints for users,
and continuously improved our on-chain DEX tracker, GeckoTerminal. Do check out these exciting updates and we
welcome your feedback — meanwhile, enjoy our Q2 report and the summer!
5. CoinGecko 2023 Q2 Crypto Industry Report
$0B
$50B
$100B
$150B
$200B
$250B
$300B
$0.0T
$0.2T
$0.4T
$0.6T
$0.8T
$1.0T
$1.2T
$1.4T
$1.6T
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Total Volume Traded Total Market Cap Trendline (Total MarketCap)
$1.06T
$1.34T
4
2023 Q2 Overall Crypto Market Overview
Total crypto market cap experienced some volatility in 2023 Q2 but ended where it began the
quarter at $1.2T
Market Cap
Total Market Cap & Spot Trading Volume (Jan – Jun 2023)
Trading Volume
Total market cap ended Q2 2023 where it
began at $1.2T, with only a +$1.7B change in
absolute terms.
Average daily trading volume however
decreased 42.7% QoQ and sits at $44.2B.
A large portion of volume had fallen off in
late March after Binance removed their
zero-fee trading incentives for BTC. In Q2,
volumes continued to gradually decline.
+0.14%
Total Market Cap
Change in 2022 Q2
Within the Top 30, some notable movers
include LTC which broke into the Top 10,
climbing from #13 to surpass MATIC at
#9. BCH also climbed from #27 to #18.
Both tokens rallied following their listing on
EDX Markets.
BUSD continues to slide from #12 to #18.
TUSD (#23) and ICP (#30) entered the Top
30, while FIL and HBAR fell out.
$1.24T $1.24T
Source: CoinGecko
6. CoinGecko 2023 Q2 Crypto Industry Report
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
BTC ETH USDT BNB USDC XRP ADA Others
5
2023 Q2 Crypto Dominance
Bitcoin dominance continues to climb as investors rotated out of altcoins into ‘majors’, despite a
shortlived memecoin season in May
Bitcoin continues its climb with a 3.2% increase
in dominance to 47.9%, levels it has not reached
since 2021 Q2. ETH also climbed slightly by
1.0% in 2023 Q2. USDT, USDC, XRP and ADA
held on to their share of market, while BNB
recorded a slight decline of 1.0%.
Source: CoinGecko
18.8%
1.0%
6.7%
0.3%
3.0%
1.0%
2.2%
0.4%
0.8%
0.3%
2.0%
0.3%
18.6%
2.4%
47.9%
3.2%
‘Others’ recorded the largest fall of -2.4% in
dominance, indicating a rotation of capital from
lower cap altcoins into ‘majors’ like Bitcoin and
Ethereum.
Crypto Dominance (Jan – Jun 2023)
7. CoinGecko 2023 Q2 Crypto Industry Report 6
2023 Q2 Cryptocurrency Price Returns
With the exception of some CEX tokens, altcoins bled against BTC and ETH
After a rather strong recovery in 2023 Q1, the play-to-earn sector has been hit
the hardest, where the Top 5 P2E tokens fell by 30-40%. WEMIX which
entered the Top 5 in 2023 Q1 has fallen out again, with GALA taking its place.
Within the Top 5 cryptos, BTC (+7%) and ETH (+6%) continued their Q1 climb
and still ended 2023 Q2 in the green, while BNB (-24%), XRP (-12%) and
ADA (-28%) saw double digit losses, returning some of their gains from last
quarter.
ADA and BNB saw the largest losses, after both were listed as securities in the
SEC’s lawsuits against Binance and Coinbase.
Top exchange tokens took less damage compared to other sectors, with BNB
(-24%) taking the largest loss likely as a result of Binance being sued by the
SEC.
LEO (+13%) and OKB (+6%) saw some gains, while WhiteBit exchange
token WBT took KCS’s place at #5 following its listing on Bitfinex and the
launch of its own blockchain testnet.
With the exception of AAVE (-5%), DeFi tokens UNI (-13%), LINK (-17%), LDO (-
16%), and GRT (-28%) have all dipped by double digits, fading some of their
2023 Q1 recovery. Their declines started around mid-February which coincided
with BTC pullback.
Source: CoinGecko
8. CoinGecko 2023 Q2 Crypto Industry Report
$0B
$20B
$40B
$60B
$80B
$100B
$120B
$140B
$160B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
USDT USDC DAI BUSD TUSD Others (6-15)
$126.3B
Market Cap
7
2023 Q2 Top 15 Stablecoins Overview
USDT continues its dominant run and now has 66% of market share, however overall stablecoin
market saw net outflows
$83.3B
+$3.48B (+4.4%)
$27.4B
-$5.18B (-15.9%)
$4.3B
-$0.76B (-14.9%)
$4.1B
-$3.43b (-45.4%)
$3.1B
+$1.02B (+50.0%)
Top 15 Stablecoins Market Cap Breakdown (Jan – Jun 2023)
Source: CoinGecko
Top 15 Stablecoins shed ~3.5% or $4.6B in
market cap in 2023 Q2 and now sits at
$126.3B.
USDT gained the most in absolute terms
during Q2, while BUSD continued its slide
after Paxos announced its wind-down with
$3.4B removed from circulation (-45%).
DAI saw losses in Q2 but still took BUSD’s
place as the third largest stablecoin.
-3.5%
Top 15 Stablecoins Market
Cap Change in 2023 Q2
Outside the Top 5, GUSD (+44.4%), flexUSD
(+33.4%) and USDP (+30.0%) were the
biggest gainers while USTC was the
biggest loser (-43.2%).
TUSD spiked 50% in market cap after
Binance minted ~$1B worth on the Tron
network and implemented zero-fee trading
on TUSD pairs. However, near the end of Q2
there was FUD due to one of its custodians,
Prime Trust, as well as its auditor.
$130.8B
USDT: 61%
USDC: 25%
DAI: 4%
BUSD: 6%
TUSD: 2%
Others: 3%
USDT: 66%
USDC: 22%
DAI: 3%
BUSD: 3%
TUSD: 2%
Others: 3%
9. CoinGecko 2023 Q2 Crypto Industry Report
Market Cap
8
2023 Q2 Total Crypto Market Cap & Bitcoin vs. S&P 500
The S&P 500 continues to climb while total crypto market cap stays flat, resulting in correlation
turning moderately negative
S&P 500
Correlation between total crypto
market cap and bitcoin in Q2 2023 was
lower than usual at 0.84, as a result of
bitcoin holding its value better than the
overall crypto market.
Bitcoin-S&P500 correlation flipped from
low positive in 2023 Q1 (0.31) to slightly
negative in Q2 (-0.09). The S&P went on a
run improving from ~4,000 to ~4,400
points in Q2 on the back of strong
performance from mega-cap and AI-
related stocks, while crypto remained flat.
Meanwhile, correlation between total
crypto market cap and the S&P 500 was
moderately negative at -0.54.
Total crypto market cap ended flat in Q2
2023 but was ~3x more volatile than the
S&P 500 which climbed by 7.9%.
Meanwhile, similar to the S&P 500, bitcoin
market cap climbed by 7.3% but had a Q2
annualized volatility of 40.6%, 3.3x
higher than the S&P 500’s Q2
annualized volatility of 12.3%.
Total Crypto Market Cap & Bitcoin vs. S&P 500 (Jan – Jun 2023)
Source: CoinGecko, MarketWatch
3,000
3,200
3,400
3,600
3,800
4,000
4,200
4,400
4,600
4,800
5,000
$0.0T
$0.2T
$0.4T
$0.6T
$0.8T
$1.0T
$1.2T
$1.4T
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Total Crypto Market Cap Bitcoin Market Cap S&P 500
10. CoinGecko 2023 Q2 Crypto Industry Report 9
2023 Q2 Notable Events Timeline
Q2 saw the SEC suing Coinbase and Binance, followed by BlackRock filing for BTC ETF, and also
several other notable highlights – ETH Shapella Upgrade & May Memecoin Season
3 Apr 4 Apr 12 Apr 1 May 2 May 3 May
31 May 24 May 23 May 15 May 5 May
2 Jun
3 Jun 5-6 Jun 13 Jun 20 Jun
15 Jun 18 Jun
Coinbase Derivatives
launched Institutional
BTC and ETH futures
Atomic Wallet
exploited for $35M
SEC sued
Binance & Coinbase
Uniswap v4
announced
EDX markets backed
by Fidelity, Schwab
and Citadel launched
BlackRock files for
spot BTC ETF;
‘The Goose’ NFT sold
for $11M on Sotheby’s
ZachXBT received over
$1M in donations
following defamation
lawsuit
Multichain CEO
went missing
Lido Finance (LDO)
enabled withdrawals
for stETH
PEPE hits $1B
market cap
Fintoch rugpulled
for $32M
Reuters reported Binance
co-mingled user funds in
2020 and 2021
Sui launched
on Mainnet
Blur’s lending
market, BLEND
launched
Balaji paid out
$1.5M BTC bet
Pancakeswap v3
launched;
Twitter logo replaced
by Doge
Opensea launched
Opensea Pro;
Euler hacker returned
funds
Ethereum
Shanghai (Shapella)
Upgrade
11. CoinGecko 2023 Q2 Crypto Industry Report 10
The SEC’s Lawsuits against Binance and Coinbase
Tokens Named by SEC as Securities
SOL
ADA
MATIC
FIL
SAND
MANA
ALGO
AXS
ATOM
BUSD
BNB
COTI
CHZ
NEAR
FLOW
ICP
VGX
DASH
NEXO
Tokens named
in Binance
Lawsuit
Tokens named
in Coinbase
Lawsuit
As part of its lawsuits, the SEC had named a list of tokens as
securities in order to establish its jurisdiction.
However the impact of the lists can already be felt as the
tokens named by the SEC all saw their prices tumble after
the list was published, and US-based platform Robinhood had
already removed SOL, MATIC and ADA from trading.
March 23, 2023
Coinbase receives Wells Notice from the
SEC over their staking offering and asset
listings.
June 5, 2023
The SEC files lawsuit against Binance, Binance.US, and
founder CZ. The suit alleges that the parties:
§ Operated as an unregistered Exchange, Broker and
Clearing Agency through Binance.com and Binance.US
§ Offered and sold unregistered securities through BNB,
BUSD, and its BNB Vault and Simple Earn offerings
§ Made false and misleading statements to investors
about controls they claimed to have implemented on
Binance.US, specifically claims that Binance.US operated
independently of Binance.com, as well as surveillance &
controls put in place to prevent manipulative trading.
June 6, 2023
The SEC files lawsuit against Coinbase. The
suit alleges that Coinbase:
§ Operated as an unregistered Exchange,
Broker and Clearing Agency
§ Operated as an unregistered Broker
through its Coinbase Prime and
Coinbase Wallet offerings
§ Offered and sold unregistered securities
through its Staking Program
June 9, 2023
Binance.US announces that it is freezing all USD deposits
and withdrawals, stopping all USD trading, and will
transition to become a crypto-only exchange.
June 6, 2023
The SEC seeks court order to freeze assets of Binance.US.
June 17, 2023
The court denies the SEC’s earlier request filed on June 6 to
freeze Binance.US’ assets. In a court-ordered agreement,
Binance.US’ customers’ assets will be repatriated back to
the US and USD withdrawals will be re-enabled.
June 29, 2023
Coinbase files its answer and notice of
intent to file a motion to dismiss the SEC’s
lawsuit.
vs vs
Following this, many projects immediately published
denials that their token constituted securities. However
absent clear regulatory guidance, this matter will likely have
to be settled in court.
Source: US SEC; various news outlets
13. CoinGecko 2023 Q2 Crypto Industry Report
$0B
$10B
$20B
$30B
$40B
$50B
$60B
$70B
$80B
$90B
$100B
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Volume Price
$30,481
Q2 low
$25,107
Yearly high
$30,694
12
2023 Q2 Bitcoin Price vs. Trading Volume
BTC saw some volatility in 2023 Q2 but ends the quarter with a 6.9% gain, outperforming the
overall crypto market
BTC Price Trading Vol
Bitcoin Price and Spot Trading Volume Apr ‘21 - Oct '21
Bitcoin Price and Spot Trading Volume (Jan – Jun 2023)
$28,517
In 2023 Q2, BTC outperformed the overall
crypto market cap with a +6.9% return.
After a strong rally in Q1 up until mid-April,
BTC retraced almost ~18% to $25,107. It
then rebounded to reach a new 2023 high at
$30,694 following the announcement of
BlackRock’s spot bitcoin ETF filing.
While prices continue trending up, average
daily trading volume for 2023 Q2 sits at
$13.8B, a 58.7% decline QoQ.
+6.9%
Bitcoin price return in
2023 Q2
Notable developments for Bitcoin this
quarter include the continued rise of
Ordinals with the introduction of BRC-20
tokens, as well as a slew of spot bitcoin
ETF filings following Blackrock’s surprise
filing (see slide 15).
Source: CoinGecko
14. CoinGecko 2023 Q2 Crypto Industry Report
100m
150m
200m
250m
300m
350m
400m
450m
500m
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
13
2023 Q2 Bitcoin Mining Hash Rate
Bitcoin’s total hashrate and mining difficulty continues to trend upwards in 2023 Q2, hitting all-
time highs; meanwhile surge in transaction fees from Ordinals delivers boon for miners
Hash Rate TH/s
Bitcoin's Total Hash Rate (Jan – Jun 2023)
All-time High
441m TH/s
326m TH/s
Mining hash rate continues to climb,
increasing by 22% QoQ and hitting
another ATH of 441m TH/s on 1 May.
Mining difficulty exceeded the 50 trillion
mark for the first time ever on June 13.
+22.0%
Bitcoin’s hash rate increase
in 2023 Q2
The mining industry continues to develop:
• Miners continue to expand - Riot
purchased 33,280 ASIC miners;
CleanSpark continued its Q1 buying
spree with another 57,000 miners in Q2.
• The proposed “anti-mining” US bill
which calls for a 10% tax on electricity
used by miners has fell through in May,
while favorable bitcoin mining bills
have passed in Texas and Arkansas.
• Jack Dorsey’s open-source, 5nm bitcoin
mining chip prototype completed.
Source: Blockchain.com
398m TH/s
For only the fifth time in history, average fee
paid per block surpassed the block
subsidy for a few hours on May 8 due to
Ordinals boon
15. CoinGecko 2023 Q2 Crypto Industry Report 14
After a stellar 2023 Q1, Bitcoin still outperforms most major asset classes in Q2, only lagging
behind the NASDAQ and S&P500
Bitcoin vs. Major Asset Classes (Apr – Jun 2023)
Courtesy of the rally on mega-cap tech stocks, the
NASDAQ (+14%) and S&P 500 (+8%) were the top two
performers of 2023 Q2. BTC (+7%) came in third place.
2023 Q2 Bitcoin vs. Major Asset Classes Price Returns
Price
Return
Crude oil (-12%) saw the largest decline due to a
combination of factors, including fears of a US recession,
China’s declining economic growth, as well as higher-
than-expected oil supply from Russia. Concerns
surrounding China’s economy also contributed to CNY’s
(-5%) fall.
JPY (-8%) saw the second-largest loss, as the Bank of
Japan is expected to keep interest rates low despite the
opposite action taken by other central banks.
Source: MarketWatch
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Apr-23 May-23 Jun-23
BTC Crude Oil Gold TLT DXY NASDAQ CNY JPY
16. CoinGecko 2023 Q2 Crypto Industry Report
Issuer Spot Bitcoin ETF Name Application Date
ARK 21Shares Bitcoin ETF April 25
iShares Bitcoin Trust June 15
Bitwise Bitcoin ETP Trust June 16
Invesco Galaxy Bitcoin ETF June 20
WisdomTree Bitcoin Trust June 20
Valkryie Bitcoin Fund June 21
VanEck Bitcoin ETF June 22
Wise Origin Bitcoin Trust June 29
15
Spot Bitcoin ETF Applications in the US
BlackRock’s surprise application set off a race between traditional asset managers to jump in to
the fray, and sent the market into a bullish mood
BlackRock’s application marks a particular change of
stance by BlackRock CEO Larry Fink, who in 2017 called
Bitcoin “an index of money laundering”.
Before its ETF application, BlackRock had announced a
partnership with Coinbase in August 2022 to help clients
manage and trade their bitcoin. In April 2022 it also
announced an investment in Circle.
The SEC had approved futures-based bitcoin ETFs in the
past, notably $BITO which was launched in October 2021.
However it had thus far resisted approving a spot bitcoin
ETF, having received ~30 prior applications.
The main reason cited by the regulator related to concerns
surrounding the lack of regulations and risk of market
manipulation in the underlying spot markets.
The announcements caused the discount on Grayscale’s
GBTC to narrow above -30%, the first time since May 2022,
on hopes that GBTC will be converted to an ETF.
To address the SEC’s initial feedback, all eight applicants
have named Coinbase as the market surveillance
provider for the Bitcoin spot markets.
BlackRock’s surprise filing for a spot bitcoin ETF on June 15
set off a race to file similar applications, with a total of 8
asset managers having submitted thus far.
Source: Bloomberg, US SEC
Spot Bitcoin ETF Applications Filed in 2023
18. CoinGecko 2023 Q2 Crypto Industry Report 17
2023 Q2 Ethereum Price vs. Trading Volume
Price of ETH gained by 6% in 2023 Q2, slightly less than Bitcoin but still outperforming the
overall crypto market
Source: CoinGecko
Ethereum Price and Spot Trading Volume (Jan – Jun 2023)
ETH Price Trading Vol.
2023 Q1 Price Return
+49.8%
2023 Q2 Price Return
+6.0%
ETH closed 2023 Q2 at $1,934, representing
a 6.0% increase during the quarter.
It started the quarter at $1,792 before
hitting a yearly high of $2,118 in mid-April.
This coincided with the Shapella upgrade on
April 12. Despite fears that early stakers
would withdraw and sell their staked ETH,
the price of ETH rose above $2,000 for the
first time in 2023, before dipping back
below those levels.
It had been a busy quarter for Ethereum’s
zero-knowledge projects:
• zkSync unveiled plans for Hyperchains, a
series of custom blockchains.
• Starknet is preparing to launch a testnet
zkEVM in the form of Kakarot in its path
to becoming EVM-compatible.
• Polygon proposed to upgrade its PoS
network to a zkEVM validium
Yearly High
$2,118
$1,934
+6.0%
ETH Price Return in 2023 Q2
$0B
$20B
$40B
$60B
$80B
$100B
$120B
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
$2,200
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Volume Price
$1,792
19. CoinGecko 2023 Q2 Crypto Industry Report 18
2023 Q2 Ethereum Consensus Layer Staking
ETH staking sees strong growth (+30.3%) in 2023 Q2 after withdrawals were enabled; Lido is still
leading the way while Kraken loses market share
Kraken had a 36.2% drop in staked ETH as
it winds down its staking product in the US
following a settlement with the SEC.
Total staked ETH hit 23.6 mil by the end
of 2023 Q2, a gain of 5.6 mil QoQ. Total
staked ETH climbed at a faster rate
compared to 2023 Q1, where 2.2 mil were
staked.
This is a clear signal that holders now have
more confidence in staking ETH after
withdrawals were enabled post-Shapella.
Lido remained the dominant staking
provider, with 31.9% of all staked ETH, a
slight increase from 31.4% in Q1.
Source: Glassnode
Total Staked ETH in Validators (Jan – Jun 2023) 9.6%
5.2% 3.4%
2.8%
1.2%
1.9%
34.2%
31.9%
Staked ETH 2023 Q2
Total Staked ETH +30.3%
2023 Q1
Total Staked ETH +13.6%
0M
2M
4M
6M
8M
10M
12M
14M
16M
18M
20M
22M
24M
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Lido Coinbase Kraken Binance
Staked.us Bitcoinsuisse Stakefish Figment
Rocket Pool Huobi Abyss Finance Stakewise
Frax Others
18,006,199
23,596,678
20. CoinGecko 2023 Q2 Crypto Industry Report 19
2023 Q2 Ethereum Burn Rate
ETH experienced its second net-burn quarter, largely thanks to the mid-May memecoin season;
The Ethereum network experienced a net burn of 203k ETH in 2023 Q2
ETH
Top 6 Burn Leaderboard Q2
2023 Q2 saw over 381k ETH burned, while
179k were emitted. This resulted in 203k
ETH being taken out of circulation this
quarter, another ATH in terms of net burn.
Most of the ETH burned this quarter
occurred in May. The largest one-day burn
occurred on 5 May, where 14.6k ETH was
burned at the peak of memecoin season.
Notably, during the week of 5 – 11 May,
81,553 ETH was burned, representing 21.4%
of all ETH burned in Q2.
Uniswap remained the dominant ETH
burner in Q2, burning 97.5k ETH.
Meanwhile, NFT exchanges Blur and
OpenSea were edged out by XEN and
MetaMask. This coincides with the slump in
NFT trading volumes.
4
XEN Projects
10.0k ETH
2
ETH Transfers
23.7k ETH
3
USDT
15.6k ETH
1
Uniswap
97.5k ETH
5
Arbitrum
9.9k ETH
6
MetaMask
8.9k ETH
Source: Dune Analytics
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Emissions Burned
Peak of
memecoin
season
381K
ETH Burned in 2023 Q2
ETH Burn vs. Emission Rate (Jan – Jun 2023)
21. CoinGecko 2023 Q2 Crypto Industry Report
$1M $2M
$7M $5M
$9M
$3M
$2M
$3M
$11M
$2M
$3M
$2M
$2M
$0M
$5M
$10M
$15M
$20M
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Sandwich Profits Arbitrage Profits Liquidation Profits
20
2023 Q2 Maximal Extractable Value (MEV)
Even though MEV transaction volumes have fallen by 87%, MEV bots still increased their profits
by 11% in 2023 Q2, with the majority going to sandwich attackers
Volume
Profits
Source: EigenPhi
As transaction volumes on DEXs have fallen
off significantly in 2023 Q2, MEV bots also
were noticeably less active, as MEV
transaction volumes shrank by 87.0%
from $44B in March to $6B in June 2023.
Although sandwich attacks are still the most
active form of MEV, quarterly volumes have
plunged by 69.4% from $59B to $18B.
Yet, sandwich attackers have increased
their profits in 2023 Q2 by 80.1%, In other
words, sandwich bots are making more
on average with each “attack”.
Be that as it may, MEV searchers are still
raking in the cash, increasing their
earnings by 11.0% from $24.5M to $27.2M
this quarter. MEV bots achieved their most
profitable month of Q2 in May during the
height of the recent memecoin season.
$10B $14B
$36B
$7B $7B $4B
$8B
$0B
$10B
$20B
$30B
$40B
$50B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Sandwich Attack Arbitrage Liquidation
$27.2M
Profits Generated by MEV
Transactions in 2023 Q2
MEV Monthly Transaction Volume and Profits (Jan – Jun 2023)
22. CoinGecko 2023 Q2 Crypto Industry Report
1589x
183x
142x
96x
59x
24x
1x
51x
101x
151x
201x
251x
1x
2x
4x
8x
16x
32x
64x
128x
256x
512x
1024x
2048x
0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50
PEPE AIDOGE LADYS BOB WOJAK BITCOIN
21
21
21
May 2023 Memecoin Season
May 2023 Memecoin Season gave rise to PEPE and a new batch of memecoins, including BRC-20
tokens on Bitcoin
AIDOGE claimed second spot in terms of
returns, with returns of up to 235x** at its
peak. AIDOGE distinguished itself by
launching on Arbitrum, and tokens were
distributed to those eligible for ARB airdrop.
The Introduction of BRC-20 tokens through
Bitcoin Ordinals brought memecoins to the
Bitcoin network, driving a surge in trading
volume in May 2023. $ORDI emerging as
the most popular one, reaching a peak
market cap of $600 million.
Source: GeckoTerminal
*Comparison of Returns is based on the coins' performance after they first reached a market capitalization of $1M. The price of the token at that point is used as a
benchmark for calculating returns. Day 0 represents the day the market cap of the token first hits $1M.
**Peak return is calculated based on the intraday high price. Price returns on chart are calculated based on the daily closing price and will not match the peak price.
Memecoin Season arrived in 2023 Q2,
capturing the attention of traders. PEPE
emerged as the frontrunner, offering early
investors returns of ~1813x** at its peak.
Its “appeal” stem from the use of Pepe the
Frog as its imagery.
At peak, PEPE achieved a market cap of
$1.8 billion following its Binance listing
announcement. However, the price dipped
after its actual listing.
Returns (PEPE)
Days
Returns (Others)
1813x
Peak returns from PEPE**
May 2023 Memecoin Season Price Returns
23. CoinGecko 2023 Q2 Crypto Industry Report 22
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25. CoinGecko 2023 Q2 Crypto Industry Report
3.7%
3.8%
3.9%
4.0%
4.1%
4.2%
4.3%
4.4%
4.5%
4.6%
4.7%
$30B
$35B
$40B
$45B
$50B
$55B
$60B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Total DeFi Market Cap DeFi Share of Market (DeFi/Global Market Cap)
24
2023 Q2 DeFi Overview
While the DeFi sector saw a temporary spike in market cap following Ethereum’s Shapella
upgrade, it has only been downhill since before seeing a slight rebound at the end of June
Market Cap % of Market
Source: CoinGecko
2023 Q1
$51B
Total DeFi Market Cap and DeFi Share of Overall Market (Jan – Jun 2023)
TradFi
banking
turmoil
2023 Q2
$48B
Even though the DeFi market cap fell
slightly by 5.2% from $51B in 2023 Q1 to
$48B in 2023 Q2, it still underperformed
the overall crypto market, shrinking its
market share.
The success of the Shapella upgrade in
April brought DeFi’s market cap to a
quarterly high of $56B, yet DeFi’s
dominance only saw a minor increase from
4.0% to 4.2%.
-5.2%
DeFi Market Cap Decrease in
2023 Q2
After the SEC charged Binance and
Coinbase in June, DeFi’s market cap saw an
impressive recovery, bouncing 16.4% from
$42B on 15 June to on $48B by the end of
June.
Unfortunately, the rest of the crypto
markets also moved higher, causing DeFi’s
dominance to fall further below to 3.9%.
Ethereum
Shapella
upgrade
SEC
charges
Binance &
Coinbase
26. CoinGecko 2023 Q2 Crypto Industry Report 25
2023 Q2 DeFi Multichain Market Share
Ethereum continues to strengthen its dominance and now controls nearly 70% of multichain
TVL, while Tron breaks ahead of the pack to #2 as BSC falls off
$54B $62B $62B $67B $65B
Source: DefiLlama
*Monthly TVL is calculated by taking the average TVL daily for each month.
Market
Share $63B
Total TVL
Multi-chain Total Value Locked (TVL) Breakdown (Jan – Jun 2023)
Despite fears of massive withdrawals of
staked ETH after the Shapella upgrade, it
did not come to pass and instead Ethereum
has continued to increase its dominance,
increasing its TVL share from 67% to 69% in
2023 Q2, attracting an additional $1.6B.
While 2022 saw Tron going neck-and-neck
with BNB Smart Chain (BSC) for the second
spot, the former has pulled further ahead in
TVL due to net outflows from BSC. While
Tron increased its TVL by 6.8% from $5.4B
to $5.7B in 2023 Q2, TVL on BSC fell by
30.9%, from $5.0B to $3.5B in the same
period.
+1.9%
Multi-chain DeFi TVL Increase
in 2023 Q2
In the past quarter, TVL on zero-knowledge
rollups such as zkSync Era and Polygon
zkEVM have risen exponentially. As the next
potential targets for airdrop hunters, TVL on
zkSync Era has grown from $27M on March
31 to $180M at the end of June.
65% 65% 67% 68% 68% 69%
9% 8% 8% 8% 8% 9%
8% 8% 7% 7% 7% 6%
10% 9% 8% 7% 7% 6%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Ethereum Tron Others BSC Arbitrum Polygon
Optimism Avalanche Solana Mixin Cronos Kava
27. CoinGecko 2023 Q2 Crypto Industry Report 26
2023 Q2 DeFi Ecosystem Overview
While overall DeFi tokens market cap declined by $5.2B (-17.6%), liquid staking governance
tokens and lending tokens increased their market share relative to other DeFi segments
Asset
Management
$0.12B
Fixed Interest
$0.13B
After a +65.2% increase in 2023 Q1, the overall DeFi market cap fell by
17.6%, dropping $5.2B from $29.6B to $24.4B in 2023 Q2. Asset
management protocols declined the most in percentage terms, plunging
34.5% from $181M to $118M.
The Ethereum Shapella upgrade enabled withdrawals for staked Ether but
turbocharged liquid staking protocols, cementing their position in the
current DeFi landscape. Even though liquid staking protocols lost 17.4% of
their market cap from $4.2B to $3.7B, the segment has increased its
market share compared to 2023 Q1.
Fixed interest protocols were the only gainer of 2023 Q2, rising by 19.6%
from $110M to $131M, largely driven by the popularity of Pendle. The
success of Pendle also contributed to the creation of the LSDFi segment in
DeFi (see slide 27).
Market Cap of Each DeFi Category* (2023 Q2)
*Market cap includes only governance and utility tokens (excluding stablecoins and wrapped tokens
Source: CoinGecko
28. CoinGecko 2023 Q2 Crypto Industry Report 27
LSDFi
The attention surrounding liquid staking derivatives have allowed protocols to build on top of
this new core primitive, resulting in a new DeFi segment known as ‘LSDFi’
Fixed Yield
§ Fixed interest protocols such as Pendle and Flashstake
separate the staking yield from liquid staking tokens,
allowing users to hedge their yield at current rates.
§ Pendle allows users to purchase ETH at a discount and
receive a fixed amount of ETH upon a chosen maturity
date.
§ Flashstake lets users lock in their ETH or LSDs for a chosen
duration to receive yield tokens from a selection of various
assets.
Flashstake
Collateralized Stablecoins
§ Similar to MakerDAO’s Maker Vaults, protocols such as
Lybra, Gravita and Raft allow users to deposit their LSDs as
collateral to borrow/mint the protocol’s native stablecoin.
§ These protocols typically maintain a collateralization ratio
above 150%, along with other stablecoin mechanisms such
as stability pools and redemptions.
§ Lybra distributes the generated yield from the underlying
LSDs to stablecoin holders, creating a yield-bearing
stablecoin.
Lybra
Raft
Gravita
Restaking
§ EigenLayer introduced the concept of restaking, where
users could reuse their LSDs to provide security to other
dApps on the network and earn additional rewards in the
process.
§ Tenet expands on this concept, utilizing LSDs as collateral
for securing its own Layer-1 network. Holders can stake
their existing LSDs with the network’s validators, as well as
earn fees and rewards from the network’s ecosystem of
protocols.
LSD Indices
§ LSD indices offer a diversified basket of staked assets,
allowing holders to gain exposure to varying yield rates
from different LSD protocols, through a single token.
§ The index tokens can be minted using ETH or the
underlying LSDs. On Asymmetry Finance, the deposited
ETH will be separated across supported LSD protocols.
§ These diversified asset baskets can also function as
liquidity pools, where users can swap between different
LSDs.
Tenet
EigenLayer
unshETH
LSDx
Asymmetry
Finance
Pendle
29. CoinGecko 2023 Q2 Crypto Industry Report
Bridges 2023 Q2 2023 Q1 QoQ % Change
WBTC $4.8B $4.3B 12.9%
JustCryptos $3.6B $3.3B 8.1%
Multichain $1.3B $1.5B 10.4%
Stargate $402M $369M 9.0%
Portal $371M $281M 31.2%
hBTC $272M $253M 7.5%
Poly Network $272M $338M 19.4%
Synapse $179M $188M 5.1%
Orbit Bridge $125M $187M 33.1%
Celer cBridge $110M $142M 22.6%
Thorchain $93M $118M 21.0%
Axelar $87M $89M 2.8%
28
2023 Q2 Cross-chain Bridge Liquidity
The launch of new networks and rumors of potential airdrops drove TVL on bridges higher by
4.4%
The top 3 cross-chain bridges have remained largely unchanged in 2023
Q2, with WBTC experiencing net inflows, in line with the 6.9% price
appreciation of Bitcoin. However, most of these inflows only came
after June 15th, just after the SEC sued Binance and Coinbase. On the
other hand, Multichain lost 10.4% of its TVL, dropping from $1.5B to
$1.3B. The protocol has yet to fully recover after temporarily halting
cross-chain activities in June due to ‘unforeseen circumstances,’
Wormhole’s Portal token bridge was the top gainer of 2023 Q2, its
liquidity surging by 31.2%, from $281M to $371M. The rise of Portal’s
TVL was largely contributed by the launch of the Sui mainnet in May,
where it has become the official bridge.
Stargate also saw a TVL increase of 9% from $369M to $402M,
perhaps due to rumors of an impending airdrop of LayerZero’s
governance token, ZRO. Historically, providing liquidity for cross-chain
protocols has been a criteria in determining airdrop eligibility.
Top 12 Bridges with Highest Liquidity (as of July 1, 2023)
Source: DeFiLlama
Total Cross-chain Bridge Liquidity
as of July 1, 2023
$11.61B
(+4.4%)
Making its way into the top 12, Axelar fell slightly by 2.8% from $89M
to $87M. Compared to other cross-chain protocols, Axelar provides
more bridging avenues for the Cosmos ecosystem, supporting
networks such as Juno, Kava and Kujira.
32. CoinGecko 2023 Q2 Crypto Industry Report
$0.9B
$1.9B
$1.5B
$1.1B
$0.7B
$0.8B
$0.1B
$0.2B
$0.1B
$0.1B
$0.1B
$0.0B
$0.5B
$1.0B
$1.5B
$2.0B
$2.5B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Ethereum Bitcoin ImmutableX Polygon Solana Flow Arbitrum BNB Chain
31
2023 Q2 NFT Trading Volume across Top 8 Chains
NFT Trading Volume decreased by 35.0% in Q2 compared to Q1, despite Bitcoin Ordinals quickly
gaining popularity; meanwhile Solana NFT trading volumes decrease significantly
$4.84B
Source: FootPrint Analytics; Cryptoslam
*Wash trades on LooksRare , X2Y2 and Blur are excluded
**Cardano has been excluded due to irregular trading behavior
Volume
$3.15B
Top 8 Chains for NFT Trading Volume (Jan – Jun 2023)
-35.0%
Trading Volume Decrease
in 2023 Q2
$1.07B
$2.08B
$1.69B
$0.97B $1.00B
$1.18B
NFT trading volumes have decreased by
35.0% from $4.84B in 2023 Q1 to $3.15B in
2023 Q2.
While Ethereum maintained its dominance
of 83.0% in the NFT market in Q2, its
dominance did temporarily decline to
73.3% in May 2023, as Bitcoin Ordinals
gained popularity and captured nearly
20.3% of the NFT trading volume.
In contrast, trading volume for Solana NFTs
experienced a significant decline of 78.6%,
dropping from $184.91 million in Q1 to
$39.66 million in Q2. Part of the decline can
be attributable to the migration of DeGods
and y00ts, which were significant
contributors to Solana sales volume.
After its migration, y00ts has become one of
the top 10 traded NFT collections on
Polygon on all-time sales volume.
33. CoinGecko 2023 Q2 Crypto Industry Report
$0.4B
$1.1B $1.1B
$0.7B
$0.5B
$0.7B
$0.4B
$0.7B
$0.3B
$0.3B
$0.2B
$0.2B
$0.1B
$0.1B
$0.1B
$0.0B
$0.5B
$1.0B
$1.5B
$2.0B
$2.5B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Blur Opensea Magic Eden X2Y2 Unisat OKX Cryptopunks Ordinals Wallet LooksRare
$0.92B
$1.04B
$1.10B
$0.87B
$2.02B
$1.53B
71.2%
18.8%
4.6%
32
2023 Q2 NFT Platform Trading Volumes
Blur maintains its position as the dominant NFT marketplace, controlling 71.2% of trading
volume in June 2023
In Q2, Blur maintained its position as the
leading NFT marketplace, bolstered by the
introduction of Blend, a lending platform
for NFTs, as well as the promise of BLUR
token rewards. Their share of trading
volume increased from 56% in 2023 Q1 to
65% in 2023 Q2. Meanwhile, Opensea's
share continued to decline, falling from
33% in 2023 Q1 to 23% in 2023 Q2.
-37.0%
NFT Marketplace Trading
Volume Decrease in 2023 Q2
The emergence of Bitcoin Ordinals also led
to new NFT marketplaces which support
these NFTs, including UniSat, OKX and
Ordinals Wallet. On the back of this hype
Unisat and OKX have now become the
fifth and sixth largest marketplace in
June, pulling ahead of more established
players CryptoPunks and LooksRare.
Magic Eden, which previously focused on
Solana, also added support for Ordinals
in a bid to recapture market share.
Source: FootPrint Analytics, Dune (@domo)
*OpenSea volumes include Ethereum, Polygon and Solana; Magic Eden volumes include Solana, Ethereum and Bitcoin
***Wash trades on Blur, LooksRare and X2Y2 are excluded
$4.59B $2.89B
Top 9 NFT Marketplaces (Jan – Jun 2023)
Volume
34. CoinGecko 2023 Q2 Crypto Industry Report 33
2023 Q2 Notable NFT Collections
It was an eventful Q2 for the NFT space: NFT Prices Experience Roller Coaster Ride, PFP
Sentiment Hits All-Time Low as bluechips seem to implode against holder expectations
Its All Fun and Games at Memeland
§ Memeland has garnered significant attention in the NFT ecosystem
as it one of the rare NFT projects that is backed by a profitable
web2 company, 9GAG. The platform boasts three notable
collections, namely "You The Real MVP," "The Potatoz," and "The
Captainz."
§ During Q2 2023, Memeland marked several milestones. They
successfully launched their first GM show, introduced both
season 0 and season 1 of their raids, and revealed their
Captainz collection.
§ However, floor price of Captainz dumped post-reveal due to
having similarities in the NFT’s base models, which allows
customization of traits based on the NFT holder’s preference.
Azuki Fumbles
§ Azuki has established itself as a prominent NFT collection, with its
community demonstrating resilience and overcoming challenges in
the past year.
§ The announcement of their "Follow the Rabbit" event in Las Vegas
generated substantial interest in the space. During this event,
Azuki unveiled a new collection, Azuki Elementals. The collection
garnered immense attention and demand, resulting in a quick sell-
out within less than 10 minutes at 2 ETH.
§ Despite the successful sale, Azuki faced backlash as the revealed art
for the Azuki Elementals collection disappointed the community.
Floor prices dropped below the initial mint price of 2 ETH due to
perceived similarities with the original collection.
Milady Maker Making Its Way Up
§ Milady Maker gained significant attention in the NFT space as it
experienced a remarkable surge in value, rising from 1.1 ETH in
April to a peak of 5.5 ETH in May, before dipping back to 3.0 ETH
at the end of Q2.
§ The surge in price was further fueled by the announcement from
Blur's Blend platform that Milady Maker would be one of the
three featured NFT collections, alongside Azuki and Cryptopunks,
supported by the platform upon its launch on May 1.
§ The momentum for Milady Maker continued to grow when Elon
Musk tweeted a picture of a Milady NFT with the caption “There Is
No Meme, I Love You”.
Yuga Labs Under Fire
§ Yuga Labs have been getting the heat, as the floor prices of their
NFT collections experienced a downward trend in Q2 2023. The
exact reasons behind this decline are uncertain, and it remains
unclear whether it can be attributed to Blur points farmers
creating artificial buyers who subsequently dumped the floor, or if
the ApeCoin DAO’s extensive treasury burning occurred without
bringing significant results.
§ Despite floor price trending downwards, Yuga Labs have continued
to roll out parts of its gaming ecosystem in Q2, including the
introduction of Otherside: Legends of Mara and HV-MTL forge.
§ Additionally, they have upgraded Meebits, transforming them from
static profile pictures (PFP) into dynamic ones.
35. CoinGecko 2023 Q2 Crypto Industry Report 34
NFT Lending
The launch of Blend pushed NFT lending volumes higher by 453%, but some high-profile
collections crumbled under the massive demand for loans
Although NFT lending platforms were already recording millions in
monthly volume in the early part of 2023, the launch of Blur Lending
(Blend) , took the space by storm, increasing NFT lending volumes by
453% from $74M to $411M in May 2023.
Blend featured innovative mechanisms such as fixed interest rates and
perpetual loans, but its success can also be attributed to Blur’s
incentive model, which allows lenders to earn Blur points to receive
future BLUR token drops.
Azukis and Bored Apes made up 57.9% of all loans on Blend thus far,
equating to $655M in borrowed funds. Ironically despite their “blue chip”
status, the ETH floor prices for Azukis and Bored Apes have plunged by
36.6% and 41.9% respectively in 2023 Q2, resulting in 317 liquidations
across both collections.
$346M
$786M
$26M $23M $25M $24M
$27M
$21M
$38M $40M $29M
$0M
$100M
$200M
$300M
$400M
$500M
$600M
$700M
$800M
$900M
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Blend NFTFi Arcade BendDAO X2Y2 Pine
Source: Dune Analytics (@ahkek, @beetle)
Top 6 NFT Lending Platform Volume (Jan – Jun 2023)
Volume
$84M $87M $84M $74M
$411M
$826M 29.4%
28.5%
12.7%
9.7%
7.8%
Azuki
BAYC
MAYC
Wrapped CryptoPunks
DeGods
Milady
Pudgy Penguins
BEANZ Official
Others
Loan Origination Volume on Blend (by Collection)
$1.1B
36. CoinGecko 2023 Q2 Crypto Industry Report
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38. CoinGecko 2023 Q2 Crypto Industry Report 37
2023 Q2 Top Crypto Exchanges Trading Volume
Trading volume fell by 19.5% from 2023 Q1; majority of losses coming from spot markets, with
CEXes particularly badly hit
-19.5%
Top Crypto Exchanges Trading
Volume Decrease in 2023 Q2
Trading
Volume
Source: CoinGecko
Total Trading Volume ($ Trillion)
$3.1T $2.6T $2.8T
$3.1T $3.2T $4.2T
The ratio of CEX : DEX spot trading volume
dropped to 89.1% in Q2. This is the first
time since 2022 Q2 in which CEX:DEX ratio
has dropped below 90%.
CEX:DEX derivatives trading volume ratio
stayed at 97.9%, with traders still
preferring to trade on CEX’s.
Top crypto exchanges closed out 2023 Q2
with an -19.5% decrease in total trading
volume from 2023 Q1 to 2023 Q2. Total
trading volume stands at $8.5T for the
entire quarter. Spot DEXes declined less
than spot CEXes, and perpetual markets
held up better than spot markets.
Derivatives trading volume still made up
the bulk of total trading volume with a
77.3% share.
Top Cryptocurrency Exchanges Trading Volume (Jan - Jun 2023)
$2.24T $2.29T
$3.15T
$2.43T
$2.07T
$2.28T
$0.74T
$0.84T
$0.92T
$0.56T
$0.40T
$0.46T
$0.00T
$0.50T
$1.00T
$1.50T
$2.00T
$2.50T
$3.00T
$3.50T
$4.00T
$4.50T
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Top 10Perpetual CEX Top 6Perpetual DEX Top 10Spot CEX Top 10Spot DEX
39. CoinGecko 2023 Q2 Crypto Industry Report
63% 65%
61%
53% 54% 52%
9% 9%
7%
10% 6% 8%
5% 5%
6%
6%
7% 7%
7% 5%
5%
6%
6% 6%
3%
3% 4% 5%
5% 3% 5%
3% 5%
5%
5% 5%
5% 6% 6% 4%
5% 5% 5% 4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Binance Upbit OKX Coinbase Bybit Kucoin Bitget MEXC Gate Kraken
38
2023 Q2 Top 10 Spot Centralized Exchanges (CEX) Trading Volume
Binance continued as the dominant spot CEX with 52.0% market share in June 2023, but is
progressively losing market share to its competitors
Total Trading Volume ($ Trillion) -43.2%
Top 10 CEX Total Trading
Volume Decrease in 2023 Q2
Source: CoinGecko
Top 10 Spot CEX Trading Volume Breakdown (Jan – Jun 2023)
Market
Share
Top-10 CEXes recorded $1.42T in spot
trading volume in 2023 Q2. Despite
showing signs of recovery in Q1, trading
volume has since plummeted 43.2% QoQ.
With pressure mounting from regulators,
Binance has seen its dominance slide.
However, it managed to maintain a 52%
market share in June, down from 61% in
March.
Huobi and Crypto.com have been edged
out of the top 10, with Bybit and Bitget
taking their places.
Both exchanges saw an increase in Q2
trading volume of $13.1B and $1.5B
respectively, the only exchanges in the
top 10 to see gains.
$0.6T $0.4T $0.5T
$0.7T $0.8T $0.9T
40. CoinGecko 2023 Q2 Crypto Industry Report
62% 65%
72%
64%
70%
65%
14% 8%
9%
10%
6%
11%
5%
7%
5%
11%
13% 9%
5% 6%
4% 5%
4%
7%
7% 4%
3% 3%
2% 2%
3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Uniswap Curve Pancakeswap Dodo Balancer Quickswap Jupiter THORChain Sushi TraderJoe
39
2023 Q2 Top 10 Spot Decentralized Exchanges (DEX) Trading Volume
DEX trading volumes decreased by -28.1% in 2023 Q2, as Uniswap solidified its dominance over
the sector
Curve saw volumes plummet in May
despite the release of its crvUSD
stablecoin. The stableswap ended June
with 11% of market share.
Meanwhile, Trader Joe which managed to
break into the top 10 in 2023 Q1, has seen
a drop in volume. The exchange ended Q2
with just 0.3% of market share.
Top 10 DEXs recorded a total of $155
billion in spot trading volume in 2023
Q2, representing a 30.8% drop QoQ.
-30.8%
Top 10 DEXs Total Trading
Volume Decrease in 2023 Q2
Despite memecoin season in full swing
(majority launched on DEXs), volumes on
DEXs didn’t experience a noticeable uptick.
However, their volumes saw less decline
compared to spot CEXes.
Source: CoinGecko
Top 10 Spot DEX Trading Volume Breakdown (Jan – Jun 2023)
Total Trading Volume ($ Billion)
Market
Share $57B $47B $46B
$60B $61B $95B
41. CoinGecko 2023 Q2 Crypto Industry Report
79%
71% 71%
47%
63% 63%
4%
8%
13%
24%
15% 17%
6%
7%
5%
11%
13% 10%
6% 8%
6%
5%
5% 6%
11%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Ethereum Arbitrum BSC Polygon Solana Optimism THORChain Avalanche Fantom
40
2023 Q2 Spot DEX Trading Volume Breakdown by Chain
Ethereum remained the most popular chain for DEX trading with 57% market share, though its
dominance have been waning
Ethereum captured $87.8 billion of DEX
trading volume in 2023 Q2, representing
57% amongst all chains.
This is a drop of -44.7% from 2023 Q1,
where Ethereum had $158.8 billion in
trading volume and 74% market share .
In terms of market share, Arbitrum has
pulled ahead to be the clear #2 in terms
of DEX trading volume ahead of BSC,
thanks to Uniswap and Trader Joe.
Source: CoinGecko
Spot DEX Trading Volume Breakdown by Chain (Jan – Jun 2023)
Market
Share
Having lost ground in Q1, BSC bounced
back in Q2 to capture 10% market share in
June and keep its #3 position. However, it
may continue to struggle as the FUD piles
up against Binance.
Polygon consistently has the fourth highest
trading volume with ~6.0% market share.
As of June the Top 4 Chains control >95%
of volume.
Total Trading Volume ($ Billion)
$57B $47B $46B
$60B $61B $95B
42. CoinGecko 2023 Q2 Crypto Industry Report
56% 57% 56% 54% 53% 53%
14% 15% 16% 17% 17% 18%
12% 12% 12% 13% 12% 12%
10% 9% 8% 9% 10% 9%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Binance OKX Bybit Bitget KuCoin Gate Huobi BitMEX Deribit Crypto.com
41
2023 Q2 Top 10 Centralized Perpetual Exchanges Trading Volume
While the top 10 centralized perpetual exchanges experienced a slight decline in trading
volume in 2023 Q2, the relative market share of the exchanges remained largely the same
Between 2023 Q1 to Q2, volume across
top 10 centralized perpetual exchanges
declined slightly by 11.6% from $7.7T to
$6.8T. However, this is still 4.5x larger than
the Top 10 centralized spot exchanges.
Relative share of trading volume
between centralized perpetual
exchanges remained largely the same
across the Top 10, with Binance, OKX, Bybit
and Bitget holding the Top 4 spots.
The Top 4 exchanges together control
>90% of the trading volume. Binance
remains the top centralized perpetual
exchange with >50% of the trading volume
alone.
Source: CoinGecko
-11.6%
Top 10 Centralized Perpetual
Exchanges Trading Volume
Decrease in 2023 Q2
Top 10 Centralized Perpetual Exchanges Trading Volume (Jan – Jun 2023)
Total Trading Volume ($ Trillion)
$2.4T $2.1T $2.3T
$2.2T $2.3T $3.2T
Market
Share
43. CoinGecko 2023 Q2 Crypto Industry Report
$0B
$5B
$10B
$15B
$20B
$25B
$30B
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Binance Bybit Bitget OKX Gate KuCoin Deribit BitMEX Huobi Crypto.com
42
2023 Q2 Top 10 Centralized Perpetual Exchanges Open Interest
Besides a short-lived spike in mid-April, OI across Top 10 centralized perpetual exchanges only
saw a modest increase in Q2
Other than a short-lived spike in mid-
April during Ethereum’s Shapella upgrade,
OI across Top 10 centralized perpetual
exchanges only showed a modest
increase from $23.2B to $24.4B (+5.1%) in
2023 Q2.
Source: CoinGecko
+5.1%
Top 10 Centralized Perpetual
Exchanges OI Increase from
1 Apr 2023 to 30 Jun 2023
Centralized perpetual exchanges still
dwarf decentralized perpetual protocols
in terms of OI, with ~40x larger in size.
Top 10 Centralized Perpetual Exchanges Open Interest (Jan – Jun 2023)
Binance: 35%
Bybit: 19%
Bitget: 13%
OKX; 12%
Gate: 7%
KuCoin: 7%
Deribit: 4%
BitMEX: 1%
Huobi: 1%
Crypto.com: 1%
Open
Interest
Share of OI between exchanges also
largely stayed the same, with Binance
still leading with ~35% of OI, followed by
Bybit at ~19%.
Despite the Top 4 contributing only ~80%
of OI, they managed to capture >90% of
volume. The next two exchanges KuCoin
and Gate contribute ~7% of OI each but
only captured ~2-3% of volume.
44. CoinGecko 2023 Q2 Crypto Industry Report
77%
69% 66%
59% 57%
72%
13%
15%
15%
17%
12%
9%
14%
8%
8%
9% 7%
7%
8%
7%
5% 6%
10% 7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
dYdX GMX Kwenta Gains Network Level Finance Perpetual Protocol
43
2023 Q2 Decentralized Perpetual Protocols Trading Volume
While trading volume on decentralized perpetuals fell by $20.4B (-12.7%), dYdX regains its
market share, while newer protocols continue to challenge GMX
In 2023 Q2, the top 6 decentralized
perpetual protocols recorded $139.7B in
trading volume, a $20.4B decrease from
$160B in 2023 Q1. Compared to CEXes,
decentralized perpetuals represent just
2.1% of the $6.8 trillion in trading
volume on CEX perpetuals.
As volumes on decentralized perpetuals
rebounded towards the later part of 2023
Q2, dYdX regained some of its market
share from 66% in March to 72% in June.
While GMX was the top contender against
dYdX, its position is now threatened by
newer entrants such as Kwenta and
Gains Network. While GMX is still slightly
ahead with a 9% share of the market,
Kwenta and Gains Network are catching
up as they expand across to other
altchains / rollups.
Top 6 Decentralized Perpetual Protocols Trading Volume (Jan – Jun 2023)
Total Trading Volume ($ Billion)
$52B $36B $51B
$47B $48B $65B
Market
Share
Source: Dune Analytics, GMX Analytics, Token Terminal
-12.7%
Top 6 Decentralized Perpetual
Protocols Trading Volume
Decrease in 2023 Q2
45. CoinGecko 2023 Q2 Crypto Industry Report
$0M
$100M
$200M
$300M
$400M
$500M
$600M
$700M
$800M
$900M
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
dYdX GMX Kwenta Gains Network Perpetual Protocol Level Finance
44
2023 Q2 Decentralized Perpetual Protocols Open Interest
Open Interest on decentralized perpetual exchanges saw a minor 3.2% decrease in 2023 Q2,
while dYdX continues to increase its dominance
Total open interest across the top 6
decentralized perpetual protocols fell
slightly from $629M to $609M, a sign that
on-chain traders are still maintaining
their positions despite BTC and ETH’s
tumultuous price action in the past
quarter.
dYdX still controls the majority of open
interest between these protocols,
increasing its market share from 43%
to 52% in 2023 Q2, with $317M of open
interest currently on its platform.
Together, the top 3 decentralized
perpetual platforms – dYdX, GMX, and
Kwenta – currently dominate 90% of
total open interest among the 6
protocols.
Top 6 Decentralized Perpetual Protocols Open Interest (Jan 2023 – Jun 2023)
Open
Interest
Source: CoinGecko, Dune Analytics, GMX Analytics, Level Finance Analytics
dYdX: 52%
GMX: 22%
Kwenta: 16%
Gains: 9%
Perpetual: 1.4%
Level: 0.2%
-3.2%
Top 6 Decentralized Perpetual
Protocols OI Decrease from
1 Apr 2023 to 30 Jun 2023
46. CoinGecko 2023 Q2 Crypto Industry Report
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