The Binance Research Institute released the 2023 semi-annual report, which pointed out that the dominance of the Bitcoinmarket reached the highest level since April 2021 at the end of the half year, and its price performance of more than 87% year-to-date was significantly better than many TraFi investments.
Bitcoin-TraFi correlation is also currently at multi-year lows. The market value of global stablecoins has dropped by 7%, and USDT’s market share has increased by 25.8% year-to-date.
Compared to the global cryptocurrency market, DeFi’s dominance fell by 0.5%. Compared with the second half of 2022, NFT transactions will increase in the first half of 2023 due to the impact of Blur.
Additionally, the prices of gaming-related tokens will rise sharply in the first half of 2023, benefiting from a broader market recovery.
Currently, more than 67% of games are built on BNB Chain, Ethereumand Polygon .