Binance Research released the 2023 Annual Review Report, showing a 109% increase in cryptocurrency market capitalization

2024-01-15 18:38:50

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ChainCatcher news, Binance Research has released the 2023 Annual Review Report, which provides a comprehensive analysis of the previous year's performance in the cryptocurrency market. The report shows that, driven by significant increases in the first and fourth quarters, the cryptocurrency market capitalization grew by 109% in 2023; Web3 projects attracted 1,173 investments, totaling $9 billion; the total value locked (TVL) in decentralized finance (DeFi) rose by 38.9% year-on-year; and the global stablecoin market capitalization overall declined by 5.2% in 2023.

Binance Research also offers exclusive insights into eight major trends in the cryptocurrency asset industry for 2024 through professional analysis. These trend themes include: developments related to the Bitcoin ecosystem, ownership economy, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, and institutional-level adoption, among others.

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