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CoinGecko Q2 report: Meme tokens, AI and RWA are the most popular categories, and Bitcoin mining computing power has fallen for the first time since 2022

CoinGecko Q2 report: Meme tokens, AI and RWA are the most popular categories, and Bitcoin mining computing power has fallen for the first time since 2022

Bitget2024/07/16 10:42

PANews reported on July 16 that according to the Q2 2024 crypto industry report released by CoinGecko, after almost breaking the all-time high in Q1 2024, the total crypto market value fell back by 14.4% in Q2, closing at $2.43 trillion in June. Here are the main highlights of the report:

1. The total crypto market value fell by 14.4% in Q2 2024, while the SP 500 rose by 3.9%.

2. Bitcoin fell by 11.9% in Q2 2024, fluctuating between $58,000 and $72,000.

3. Bitcoin's miner computing power fell by 18.8% in Q2 2024, the first quarterly decline since Q2 2022.

4. Meme Coin, artificial intelligence, and real-world assets (RWA) became the hottest categories in Q2 2024, with the top 15 categories accounting for 77.5% of network traffic.

5. Ethereum added 120,818 ETH to its supply in the second quarter due to slowing network activity and a lower burn rate.

6. Spot trading volume on centralized exchanges reached $3.40 trillion in the second quarter of 2024, down 12.2% from the previous quarter.

7. Spot trading volume on decentralized exchanges increased by 15.7% to $370.7 billion, mainly due to a surge in Meme Coin and airdrop activities.

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