Binance Q3 Crypto Market Report: There are 51 projects with a market value of over 1 billion, nearly 20% less than Q2

ChainCatcher news, according to Binance's Q3 cryptocurrency market insights report, the cryptocurrency market capitalization grew by 8.4% in Q3, but overall sentiment remains sluggish. The number of projects with a market cap over 1 billion decreased by 18% compared to the previous quarter, with only 51 projects, down from 62, while at the beginning of the year, there were 118 projects with a market cap over 1 billion. Comparing data from the past 5 years, the market cap of top cryptocurrencies has significantly dropped, with an average decrease of 64%.

In terms of trading volume for public chains, Sol increased by 58%, BNB decreased by 26%, AVAX decreased by 65%, and ETH remained relatively stable, increasing by 6%; regarding transaction fees, Ethereum's gas fees averaged a decrease of 80% in Q3, while BNB gas fees decreased by 16%.

In the DeFi sector, the total value locked (TVL) significantly decreased in Q3, remaining between 50-60 billion USD; in the GamFi sector, BNB Chain, Ethereum, and Polygon are the main hubs for blockchain games, collectively accounting for nearly 70% of the market share; only 30% of blockchain games are playable, while 70% are still in development, with most blockchain games still in web form. In the NFT sector, NFT sales decreased by 73% in Q3, while the number of unique buyers remained stable, with a slight increase. Additionally, regarding security issues, Q3 saw losses of 150 million USD due to hacker attacks and other incidents. (source link)