PANews reported on July 16 that according to the Q2 2024 crypto industry report released by CoinGecko, after almost breaking the all-time high in Q1 2024, the total crypto market value fell back by 14.4% in Q2, closing at $2.43 trillion in June. Here are the main highlights of the report:
1. The total crypto market value fell by 14.4% in Q2 2024, while the SP 500 rose by 3.9%.
2. Bitcoin fell by 11.9% in Q2 2024, fluctuating between $58,000 and $72,000.
3. Bitcoin's miner computing power fell by 18.8% in Q2 2024, the first quarterly decline since Q2 2022.
4. Meme Coin, artificial intelligence, and real-world assets (RWA) became the hottest categories in Q2 2024, with the top 15 categories accounting for 77.5% of network traffic.
5. Ethereum added 120,818 ETH to its supply in the second quarter due to slowing network activity and a lower burn rate.
6. Spot trading volume on centralized exchanges reached $3.40 trillion in the second quarter of 2024, down 12.2% from the previous quarter.
7. Spot trading volume on decentralized exchanges increased by 15.7% to $370.7 billion, mainly due to a surge in Meme Coin and airdrop activities.