According to CoinGecko’s report on the cryptocurrency industry in the second quarter of 2023, after the boom in the first quarter, the encryption market only rose slightly by 0.14% after consolidating gains in the second quarter. The U.S. dollar increased to $1.240 trillion on June 30, 2023.
6 highlights from CoinGecko’s Q2 2023 cryptocurrency industry report.
BTC saw some volatility in Q2 2023, ending the quarter up 6.9%. Stablecoins fell 3.5%, with USDC and BUSD once again the biggest losers. With withdrawals enabled, ETH staking grew 30.3% in Q2 2023 .Despite the increasing popularity of Bitcoin ordinals, NFT trading volumes fell by 35.0%. Centralized exchange spot trading volumes fell by 43.2%, and Binance’s market share dropped to 52%. In Q2 2023, decentralized exchanges The exchange’s spot trading volume fell by 28.1%, and Uniswap maintained its dominance.