Some interesting data were mentioned in the monthly market report published by analysts of#cryptocurrencyexchange Binance.
According to analysts, by the end of September, the total market value of the stablecoin market had depreciated for the 18th consecutive time. The metric reached a new low of US$123.8 billion, a level not seen since September 2021. Despite the challenging conditions, USDT and DAI managed to change the trend with slight increases in market value.
According to Binance analysts, the crypto market remained largely calm in September, with total market cap showing negligible fluctuations. Events such as FTX's asset liquidation announcement and the FOMC meeting briefly disrupted the general calm, but the market quickly absorbed the shocks and regained stability.
The integration of the TON wallet by Telegram appears to be the highlight of the month, which has caused a significant increase in the value of the TON Coin, according to analysts.
Related Content: Crypto Exchange Binance Releases its 11th Proof of Reserve Report: Here are the Amounts of Bitcoin and Altcoins on Hand
Analysts report that Account Abstraction (AA) adoption is on the rise, with 2.3 million successful ERC-4377 smart contract transactions occurring across 870 thousand unique AA accounts. Ethereum layer-2 networks have been at the center of this growth, with the majority of transactions taking place on Polygon, Optimism, and Arbitrum.
According to analysts, Uniswap's appetite for transaction fees remains and it has solidified its top spot in ETH transaction fee consumption over the last 30 days.
Layer 2s will also become increasingly important in advancing blockchain scalability.
$BTC $ETH $BNB
According to analysts, by the end of September, the total market value of the stablecoin market had depreciated for the 18th consecutive time. The metric reached a new low of US$123.8 billion, a level not seen since September 2021. Despite the challenging conditions, USDT and DAI managed to change the trend with slight increases in market value.
According to Binance analysts, the crypto market remained largely calm in September, with total market cap showing negligible fluctuations. Events such as FTX's asset liquidation announcement and the FOMC meeting briefly disrupted the general calm, but the market quickly absorbed the shocks and regained stability.
The integration of the TON wallet by Telegram appears to be the highlight of the month, which has caused a significant increase in the value of the TON Coin, according to analysts.
Related Content: Crypto Exchange Binance Releases its 11th Proof of Reserve Report: Here are the Amounts of Bitcoin and Altcoins on Hand
Analysts report that Account Abstraction (AA) adoption is on the rise, with 2.3 million successful ERC-4377 smart contract transactions occurring across 870 thousand unique AA accounts. Ethereum layer-2 networks have been at the center of this growth, with the majority of transactions taking place on Polygon, Optimism, and Arbitrum.
According to analysts, Uniswap's appetite for transaction fees remains and it has solidified its top spot in ETH transaction fee consumption over the last 30 days.
Layer 2s will also become increasingly important in advancing blockchain scalability.
$BTC $ETH $BNB