Thread by @coingecko

0/ #Crypto is an ever-changing space where new trends and technologies are constantly arising.

Trying to keep up with the latest trends may not be as easy as you’d like 😣

That's why we compiled the top-8 crypto highlights in Q2 2021 that you MUST KNOW! Read on below 👇

1/ In Q2 2021, #Dogecoin flew to the moon! It gained an impressive 366% and outperformed the Top-5 cryptocurrencies 🐶🚀🌕

2/ But not so fast! Its cousin, $SHIB, actually outperformed $DOGE with a Q2 return of 11,566,501%

At the literal top, @VitalikButerin sent 50 Trillion $SHIB ($1B at the time) to India Covid Relief Fund & subsequently burnt 90% of his $SHIB👀

It has gone down by 75% since then

3/ Despite the 65% total TVL quarterly growth, $ETH saw its TVL drop from 93% to 79% in Q2.

Cheaper alternatives such as @Binance Smart Chain and @0xPolygon are slowly taking over 📉

4/ Gaming #NFT saw renewed interest, although floor prices have also dropped 🎮

5/ @AxieInfinity’s trading volume 131x Year-to-Date, signaling the explosive growth in its popularity 🤯

6/ Corresponding to volume increase, #AxieInfinity saw its ✨revenue grow 118x✨ in the same time frame $AXS $SLP

7/ Spot exchange volume had its monthly high in May at $3.5 trillion before it dropped 60% in June 2021. 📊

The DEX-CEX ratio has increased from 6.7% in Q1 2021 to 9.4% in Q2 2021.

8/ #Bitcoin ended Q2 2021 at $35,969, a 44% decline from it's All-Time High 🌥️ (still up 24% Year-to-Date!)

9/ Four reasons why $BTC went down 📉:

- @Tesla no longer accepts #BTC as payment due to its environmental impact.
- The Feds may raise interest rates sooner than expected out of inflation fear.
- Regulations from China on Bitcoin mining.
- Overleveraged traders

10/ … and that’s all of the snippets we can share ;)

There’s more than just these highlights, read the full report for all 66 pages of scoop: gcko.io/ut24l6w

What’s your favourite moment in Q2 2021? Share with us!