Binance Research's report on the state of the cryptocurrency market in the first half of 2024.

According to the Binance Research report, the crypto market performed strongly in the first half of 2024, with the total market value rising by more than 104% year-on-year, adding $1.2 trillion and a market value of $1.65 trillion. Bitcoin's market dominance increased from 50% to 55% due to the approval of the US spot ETF in January and the halving event in April. The US spot Bitcoin ETF attracted more than $17 billion in net inflows and an average daily trading volume of $2.5 billion. The supply of stablecoins is close to its historical high of $165 billion. Ethereum's re-staking in 2024 attracted more than $18 billion in TVL, and Solana DEX activity hit a record high, with weekly trading volume and the number of traders leading other major chains. NFT market sales fell by more than 70% year-on-year, and PFP NFT performed particularly negatively. It is worth noting that memecoin has performed best this year, with a return rate of more than 280%.