CoinGecko Q3 Report: CEX Spot Trading Volume Drops to $3.05 Trillion, Decreasing by 14.8% Quarter-on-Quarter
ChainCatcher news, the "Q3 2024 Cryptocurrency Industry Report" released by CoinGecko shows that despite the turbulent global economic environment, the total market capitalization of the cryptocurrency market remains relatively stable, ending the quarter at $2.33 trillion, a slight decrease of 1% quarter-on-quarter. Key highlights of the report include:Bitcoin's market share increased to 53.6%, up 2.7% quarter-on-quarter; Ethereum's market share decreased by 3.6%, down to 13.4%;Predicted market trading volume surged by 565%, with Polymarket leading the way;Ethereum L2 trading volume grew by 17.2%, with Base performing outstandingly;Centralized exchange (CEX) spot trading volume fell to $3.05 trillion, down 14.8% quarter-on-quarter, with Binance's market share dropping below 40% for the first time;In the decentralized exchange (DEX) sector, Ethereum still dominates but is facing fierce competition from Solana and Base.The report also noted that due to geopolitical and economic events, major asset classes such as gold and the yen have outperformed Bitcoin.