The Binance Research Institute released the 2023 semi-annual report, which pointed out that the dominance of the Bitcoin BTC 0.45% market 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, Ethereum ETH 1.03% and Polygon MATIC -1.98%.
