Binance – Half-Year Report, 2024

In the first half of 2024, the total crypto market capitalization reached US$2.27T, showing a 37.3% growth year-to-date. Layer-1s like Bitcoin, Ethereum, BNB Chain, and Solana saw significant developments, while Layer-2 projects witnessed a surge in capital inflows. Decentralized Finance (DeFi) saw a 72.8% increase in total value locked, reaching US$94.1B. The stablecoins market made a recovery, with a market capitalization of US$161B. The NFT market experienced turbulence, while SocialFi, Web3 gaming, memecoins, AI, and DePIN sectors continued to attract strong interest. Looking ahead to the second half of 2024, six key themes are expected to drive progress and innovation in the crypto space. These themes include developments in the macro environment, the Bitcoin ecosystem, ownership economy applications, real-world assets, and more. Overall, the crypto industry is poised for further growth and advancement in the coming months.