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!
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Our study shows that memecoins were by far the most profitable crypto narrative in Q1 2024, having recorded the highest returns of 1312.6% on average across its top tokens.
1/ The second most profitable crypto narrative, RWA, saw 285.6% returns in Q1 2024.
RWA was briefly the most profitable narrative in early February but was overtaken by the memecoin and AI narratives, until it managed to surpass the AI narrative again in late March.
What were the largest centralized exchanges in 2023?
Our study shows that #Binance was the market leader amongst the centralized exchanges, with 52.6% market share of the total spot trading volume in 2023.
Our study shows that around 2,127 web3 games have failed in the last five years since the GameFi niche emerged, representing 75.5% of the 2,817 web3 games launched.
How has OpenAI firing & rehiring Sam Altman impacted AI tokens?
Our study shows that 10 out of 11 AI tokens made gains after @OpenAI’s announcement to fire & rehire Sam Altman as its CEO, with gains ranging from 11.8% to 61.1%.
1/ 9 out of 11 AI tokens peaked on November 20, 2023, where gains ranged from 19.3% to 80.4%, shortly after @Microsoft announced that Altman, Brockman, and colleagues will join them to lead a new AI research team.
2/ 2 out of 11 AI tokens peaked on November 22, 2023, where gains ranged from 26.4% to 50.9%, shortly after @OpenAI’s announcement that Altman would return to OpenAI as CEO.