The report on March 12 shows that, according to monitoring from IntoTheBlock, the market capitalization of Bit has continued to grow since 2022, creating one of the longest growth cycles in history. While Bit's capitalization has increased, its active user ratio has decreased. This shift indicates that there is increasing activity on Ethereum and other Layer 1 networks.
What does this mean for investors? The scalability and diversity of other Layer 1 platforms are attracting users from Bit. This may be a sign of a shift in the allocation of capital and attention in the cryptocurrency community.
The continued growth in Bit's capitalization reflects the confidence of investors, but the decline in active users needs to be closely monitored. This may indicate a long-term trend in the cryptocurrency market, where users are seeking solutions with lower costs and more features.
Finally, this information is only a reference about the market and not investment advice. Investors should carefully consider and consult experts before making decisions.
