![]() On the other hand, despite declining floor costs, DeFi customers are up 43% year to date and even NFT volumes are higher than in Q2 2022. Top stablecoins as well as new rivals have also gained ground in 2023. The growth of 元s, which are app-specific chains that connect to current layer-2s, is one of the other emerging industries that is covered in detail. The Binance report has also shed some light on the layer 2 blockchains and the expansion of zkEVMs and Polygon’s impending switch to Polygon 2.0 are the most notable highlights. Layer 2 blockchains and DeFi metrics Copy link to section The expansion of liquid staking and the emergence of LSTfi (the combination of liquid staking tokens and DeFi), where the latter had a remarkable 460% growth in total value locked since April, are two of the year’s greatest stories that are featured in the mid-year report. Other intriguing L1 advances include Avalanche’s research on subnets, which have started attracting tech companies, and Cosmos’ new shared security concepts. The situation is the same for active addresses, 118% vs. The best YtD network performance was recorded by BNB Chain, which saw a daily tx growth of 113% compared to that of Ethereum which saw a 48% surge. The market capitalization of Solana rose the most throughout the first half of the year compared to the other layer 1 (L1) blockchains analyzed in the Binance research. If this ends up being popular we may be able to do this again later in the tour. We’ve teamed up with Binance, the largest cryptocurrency exchange in the world, to give away tickets to The Weeknd’s upcoming shows in July. Layer 1 blockchains metrics Copy link to section Ticket Giveaway (July): After Hours Til Dawn Tour, sponsored by Binance. Since January, the Bitcoin Fear & Greed Index has doubled, indicating a rise in trader confidence. ![]() The 3rd, 5th, 8th, 12th, 17th, and 20th invited referrals who successfully complete the aforementioned deposit task will each qualify referrers for an extra Gift Card reward worth up to 200 BUSD. Importantly, the hashrate required to secure the Bitcoin blockchain has also increased by 40% YtD resulting in the mining difficulty also increasing by 43%.Īlthough sentiment research is one of the data sources used in Binance’s thorough mid-year report, on-chain analytics were also heavily utilised in compiling the report. Users can refer more friends to join Binance through the Lite Referral Mode to win additional Gift Card rewards that are worth up to 200 BUSD each. The emergence of Ordinals, which enables the creation and trading of NFTs on the Bitcoin network, has been largely credited for this rise in the network’s utilisation. While Bitcoin network transactions have climbed by 58% and average tx fees by 143%, the trading volume of the leading cryptocurrency by market cap has increased by 185% year to date. The half-year report provides persuasive evidence that the crypto industry is in better health than anticipated, providing a solid base for growth in H2 and beyond 2024. The thorough mid-year report provides an overview of crypto adoption, usage, and innovation trends across all key categories. Additionally, it looks at funding, institutional adoption, metaverse, and gaming. The 120-page research covers important industry sectors like Bitcoin and layer-1s, layer-2s, stablecoins, DeFi, and NFTs. Binance, currently the largest cryptocurrency exchange by trading volume, has published its half-year report on the state of the market. For further details, see the Binance NFT Terms and Conditions, our Terms of Use and Risk Warning. Get an instant loan secured by crypto assets. NFTs are not regulated in most countries, however please ensure you are permitted to access our Binance NFT Marketplace based on your circumstances. Get up to 8 cashback when you spend at 90M merchants worldwide. Risk Warning: The value of your NFT may go down or up. ![]() Make sure to follow us on Twitter for all the latest updates. Starting this week, you’ll get a sneak peek at what we’ve been working on, and more surprises on what’s coming next. We know fans have been eagerly awaiting his NFT debut. Since our initial announcement of the groundbreaking multi-year partnership between Binance and CR7, we’ve been working closely with Ronaldo to craft a first-of-its-kind experience, one that will change the NFT game forever. Now, the five-time Ballon D’or winner has his eyes set on the NFT arena. Ronaldo has undoubtedly redefined the game of football as we know it, his legacy - trophies and awards, mind-bending goals, personal and team records - touching every aspect of the sport. The CR7 NFT collection - available exclusively on Binance NFT - will be the first of a series of drops featuring the football icon Cristiano Ronaldo. ![]() Please be sure to use the referral code for your surprise ![]()
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