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Binance Research: Key Trends in Crypto – June 2024
2024-06-06
Research
Main Takeaways
This blog previews the recent Binance Research report discussing key developments in crypto markets over the past month.
May was a resurgent month for crypto, with the market bouncing back to achieve an 8.6% rise in total market capitalization.
The DeFi market also reflected these positive trends, with its TVL rising 21.7% for the month. However, the NFT market showed negative dynamics, recording a 41% decrease in total sales volume to $0.63 billion.
Thanks to Binance Research, you can take advantage of industry-grade analyses of the processes shaping Web3. By sharing these insights, we hope to empower our community with the latest knowledge from the field of crypto research.
Today’s blog explores key Web3 developments in May 2024 to provide an overview of the ecosystem’s current state. We analyze the performance of crypto, DeFi, and NFT markets before previewing major events to look out for in June 2024