VICTORIA, Seychelles, July 12,
2024 /PRNewswire/ -- KuCoin Research has released its
latest monthly report, providing comprehensive insights into the
cryptocurrency market's performance in June. The
report highlights significant developments shaped by macroeconomic
uncertainty and technological innovations, underscoring the dynamic
nature of the crypto sector.
Despite the challenges, interest in AI themes has propelled
NVIDIA's market value to new heights, making it the highest-valued
company globally. In the stablecoin sector, the
issuance volumes for USDT and USDC remained stable, reflecting a
cautious market sentiment. TON's ecosystem thrived against downward
market trends, achieving over 80% growth in TVL, mainly due to its
gaming projects' popularity and Telegram's vast user
base.
In the ETH Layer 2 sector, Base outperformed
Optimism in TVL rankings, while Linea and Scroll attracted
considerable attention and capital for their token issuance and
restaking innovations. The Solana Foundation's new
tools, "Actions" and "Blinks," aim to simplify on-chain
transactions and enhance user interaction within Web3
applications.
Investment activity remained robust, with a total financing
volume close to $900 million.
Early-stage investments showed a notable increase, with Series A
funding surging from 7.77% to 18.84%, indicating a jump of 142%.
This trend highlights strong interest in emerging projects and
innovative solutions within the cryptocurrency
market.
For further details and a deeper analysis of these trends,
please refer to the full KuCoin Research monthly report here.
About KuCoin Research
KuCoin Research is a leading provider of research and analysis
in the cryptocurrency industry. With a team of
experienced analysts and researchers, KuCoin Research aims to
deliver high-quality insights and reports to empower investors and
industry professionals.
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SOURCE KuCoin
