The second quarter of 2023 carried on the crypto momentum from Q1. The vitality of the market is slowly recovering, but at the same time full of unknowns and challenges, come and see if you missed these hot spots.
Download the FULL 2023 Q2 Report:
https://drive.google.com/file/d/1YNwX8rjaeVrGpu_87k3Fv8Hcwa0TlneY/view?usp=sharing
1/ Bitcoin Price VS. Trading Volume
Unlike the strong rally seen in Q1, the BTC price remained steady in Q2 but reached a new high and exceeded $30,000 in the closing weeks, which marks the highest price since the market crash triggered by Terra’s collapse in June 2022.
2/ 2023 Q2 LSD Summer
Amid the turbulence of Q2, the LSD sector performed remarkably well. From the perspective of ETH staking, significant withdrawals were observed following the activation of the staking withdrawal option on April 12, with net withdrawals peaking at 400,000 ETH.
3/ Second MEME Season
4/ zkEVM Ecosystem Growth
zkEVM projects also made notable progress, with significant growth in TVL and transaction volume.
5/ The Imminent Global Regulation
The aftermath of the FTX crash continued to unfold. While intensifying its crypto regulation, the SEC initiated multiple lawsuits, released guidelines, and established a crypto asset task force.
6/ Uniswap Updates
On June 13, Uniswap released a draft version of its latest V4 update. Essentially, the version represents the culmination of all the DEX innovations since the invention of AMMs, bringing user-friendly features from traditional trading to DEX transactions. Additionally, it also establishes an efficient and gas-saving contract architecture.
7/ Worldcoin — One of the Crypto Projects You Need to Know
Worldcoin, a crypto project founded in 2019 by Sam Altman and Alex Blania, aims to provide a globally and freely distributed cryptocurrency, as well as a global identity system based on biometric data.
8/ Real World Assets (RWA) Expanding.
According to the report released by CitiBank in March, the projected global tokenized RWA scale for 2023 is estimated at $6.1 trillion, 2.33% of all RWAs.
Summary
Q2 presented both opportunities and challenges for the crypto market. From BTC and ETH to MEME coins to other cryptos, crypto projects are constantly evolving and seeking new breakthroughs. At the same time, the tightened regulation ensured the stability and continued growth of the market.
Download the FULL 2023 Q2 Report:
https://drive.google.com/file/d/1YNwX8rjaeVrGpu_87k3Fv8Hcwa0TlneY/view?usp=sharing
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.
