According to TechFlow, on October 14, CoinGecko released a report on the crypto industry in the third quarter of 2024, showing that despite the turbulent global economic environment, the total market value of the cryptocurrency market remained relatively stable, closing at $2.33 trillion at the end of the quarter, a slight decrease of 1% from the previous quarter. The report highlights include:
Bitcoin's market share rose to 53.6%, up 2.7% from the previous month; Ethereum's market share fell 3.6% to 13.4%;
Prediction market trading volume surged 565%, with Polymarket accounting for 99% of the market share in September;
Ethereum L2 transaction volume increased by 17.2%, with Base performing outstandingly, accounting for 42.5% of all transactions in Q3;
The spot trading volume of centralized exchanges (CEX) fell to $3.05 trillion, down 14.8% from the previous month, and Binance’s market share fell below 40% for the first time;
In terms of decentralized exchanges (DEX), Ethereum still dominates, but its cumulative trading volume fell by 19.6% month-on-month and is facing fierce competition from Solana and Base.
The report also pointed out that due to geopolitical and economic events, major asset classes such as gold and the Japanese yen performed better than Bitcoin.
