In Q2 2024, the total market cap of cryptos was 2.43 trillion USD, down 14.4% from Q1. However, it is striving to grow or at least maintain its level. Bitcoin mining has reached a new historical high of 721 million TH/s, but overall, it decreased by 18.8% in Q2 2024. After the US SEC approved the spot ETH ETF, the DeFi industry was pushed back to over 100 billion USD, despite the total market cap of DeFi decreasing by 20.7%. NFT trading volume decreased by 31.8% month-on-month, while Layer 2 adoption rate increased by 37.7%.
2024年Q2加密行业报告：DeFi市值下降20.7％，NFT交易量环比下降31.8％
Crypto industry report for Q2 2024: DeFi market cap decreased by 20.7%, and NFT trading volume decreased by 31.8% month-on-month.
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