At Extreme Investor Network, we are committed to providing our readers with the latest and most valuable information in the world of cryptocurrency and blockchain. Today, we bring you insights from CoinGecko’s 2024 Q1 Crypto Industry Report, highlighting the significant growth and developments in the market.

The report showcases the rise of Bitcoin (BTC) as a top performer, enjoying a 68.8% growth and reaching an all-time high of $73,098 in Q1. This surge was fueled by the approval of US spot Bitcoin ETFs in January, with Bitcoin ETFs holding over $55.1 billion in assets under management by April 2, 2024.

Ethereum (ETH) also saw positive growth, with the total number of restaked ETH on the EigenLayer platform rising by 36% to 4.3 million. Furthermore, Solana memecoins experienced a significant increase in market cap, growing by $8.32 billion in the first quarter.

The NFT market remained vibrant, with NFT trading volume on the top 10 marketplaces hitting $4.7 billion. Magic Eden emerged as the leading marketplace in terms of market share.

Spot trading volume on centralized exchanges (CEX) reached $4.29 trillion in Q1, the highest since Q4 2021. However, Ethereum’s share of decentralized exchanges (DEX) trading volume dropped below 40%, indicating a shifting focus to other blockchain networks.

This comprehensive report consists of 50 slides of in-depth analysis and data, offering valuable insights for investors, traders, and crypto enthusiasts. Understanding the current state of the market is crucial for making informed decisions in the ever-evolving cryptocurrency landscape.

As the cryptocurrency industry continues to grow and innovate, staying abreast of the latest trends and developments is essential. CoinGecko’s 2024 Q1 Crypto Industry Report provides a comprehensive overview of the market’s progress, reflecting the dynamic nature of the crypto space.

Stay tuned to Extreme Investor Network for more exclusive insights and updates on the world of cryptocurrency and blockchain.

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