Coinspeaker
Binance’s Half-Year Report 2024: Details
Renowned crypto exchange platform Binance has released its half-year report for 2024, revealing insights into the state of the market. It noted a 37.3% growth in total crypto market capitalization year-to-date, bringing it to approximately $2.27 trillion.
A strong first quarter, which saw over 60% increase in market cap, was the primary reason for this growth. However, the second quarter faced challenges, with the market reversing some of its gains and falling by 14.3%.
Layer 1 and Layer 2 Developments
Layer 1 protocols have had a strong start in 2024, with Bitcoin continuing to dominate the market. Binance lists several factors for this success, including April’s Bitcoin halving, the Runes Protocol’s launch, and the US spot BTC ETFs’ approval.
As per the report, Ethereum also saw significant developments with the explosion of restaking and the EIP-4844 update. Meanwhile, Binance’s native blockchain BNB focused
We współpracy z: https://www.coinspeaker.com/binances-half-year-report-2024/
