CoinGecko Q2 report: Meme tokens, AI and RWA are the most popular categories, and Bitcoin mining computing power has fallen for the first time since 2022
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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