The 2024 crypto report highlights Bitcoin’s fourth halving and its impact on the cryptocurrency market, leading to a $108K record high and a total market cap of $3.91T. Key developments like U.S. spot ETF approvals, central bank rate cuts, and Donald Trump’s re-election drove massive growth. This report dives into DeFi, NFTs, and the performance of CEX and DEX platforms in a transformative year for crypto.
Key Highlights of the 2024 Crypto Report
1. Total Crypto Market Cap Growth
The total crypto market cap surged by +97.7% in 2024, ending at $3.91 trillion. Bitcoin’s $108K peak on December 17 played a major role in this growth.
2. Bitcoin Dominance
Bitcoin accounted for 53.6% of the total market cap, cementing its position as the leading cryptocurrency. XRP and Dogecoin also saw notable market cap increases.
3. AI Agents’ Market Explosion
AI agents’ market cap grew by +322.2% in Q4 2024, showcasing the potential of blockchain-based AI innovations.
4. Centralized Exchanges Trading Volume
Spot trading volumes on centralized exchanges reached a new high of $6.45T in Q4 2024, with Binance leading the pack.
5. Solana DEX Dominance
Solana overtook Ethereum as the leading chain for decentralized exchange (DEX) trading, accounting for over 30% of trades in Q4.
Insights and Trends
Ethereum Layer 2 solutions grew significantly, with transaction volumes increasing by +48.3% in Q4. DeFi and NFTs remained integral parts of the market, reflecting innovation and adoption across the industry.
For the full report, visit CoinGecko 2024 Annual Report.
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