VICTORYSeychelles , June 13, 2024 /PRNewswire/ -- According to the latest monthly report from KuCoin Research, the crypto The market experienced a significant rebound in activity and positive developments throughout the year. May 2024. A highlight was the unexpected regulatory approval of a Place Ethereum ETFs, which has significantly strengthened market confidence. The total assets under management (AUM) of bitcoin Spot ETF bounced towards him $60 billion brand, reflecting renewed investor interest. Meanwhile, the stablecoin sector is showing mixed performance, with USDC and the FDUSD experiences falls, while the USDe reaches a new issuance peak.
Different trends were observed in public chains and Layer 2 solutionswith platforms like Base and Linea continues to attract net inflows, standing out in a market moving away from the once-dominant narratives of high-performance, low-cost public chains. in chain fee. Despite a slight decrease in the number of reported cases crypto investment projects and financing amounts month after month, year-over-year growth suggests sustained capital interest and development potential in the industry.
The KuCoin Monthly Research Report provides valuable insights and data analysis that helps industry participants make informed decisions and stay up to date on the latest developments. This commitment to the dissemination of knowledge reflects KuCoin's dedication to supporting the growth and maturation of the cryptocurrency ecosystem.
Read the full report here.
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KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.
SOURCE KuCoin
