HashKey Capital June Report: Cryptocurrency Market Capitalization Decreased by 7%, TVL Increased by 6.7%
ChainCatcher news, HashKey Capital released the June monthly report, the main content includes:
- Due to negative news and a lack of catalysts, the total market capitalization of the crypto market decreased by 7%. Nevertheless, the adjusted total value locked (TVL) grew by 6.7%, surpassing the decline in market capitalization.
- The number of active wallets for Bitcoin and Ethereum increased by 26% and 34% respectively, with the number of users holding more than 1 Bitcoin exceeding 1 million for the first time.
- Activity in L2 and L3 significantly increased, with Bitcoin's trading range in June between $60,000 and $64,000.
- Despite a decline in trading volume on centralized exchanges (CEX), decentralized exchanges (DEX) experienced their best performance in three months.
Overall, although the market performance in June was weak, several positive indicators show that the fundamentals of the crypto market remain solid, with potential for continued growth in the future.
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