Q1 2021 was a historic quarter for the industry.
Asset prices across all sectors reached new all-time highs as that bull market continues with full force.
Here is a recap of what happened 👇🏻
In this piece, the @MessariCrypto research team and I dive into the performance of the overall market and drill down on some of the top-performing assets in each sector according to our taxonomy.
messari.io/article/q1-per…
The top assets by market capitalization were dominated by $BNB. The token's run was fueled by the rise of Binance Smart Chain as a low-cost alternative to Ethreum.
Further aiding $BNB's run was the exchange's accelerating volumes and earnings fueled by white hot crypto markets.
Among DeFi assets, $CAKE and $LUNA were the clear winners. Both assets had a fantastic quarter reaching a total quarterly return of 3031% and 2403% respectively.
Solana came out on top among smart contract platforms. The rise of its application ecosystem during the quarter was one of the main catalysts behind the token's performance.
The decentralized exchange sector saw some impressive returns. Aside from $CAKE, $RUNE and $BNT had a phenomenal quarter fueled by news of investments and protocol upgrades.
Storage protocols such as $AR, $STORJ, $FIL, and $SC dominated the web 3 sector as awareness of the importance of file storage proliferated throughout the quarter.
Check out the full report to dig further into the details of the events that drove the Q1 performance of:
- Top assets
- DeFi
- Smart Contract Platforms
- Centralized Exchanges
- Decentralized Exchanges
- Web 3
messari.io/article/q1-per…
* $LUNA's performance was 2784%
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