VICTORIA, Seychelles, July 12,
2024 /PRNewswire/ -- KuCoin Research has released its latest
monthly report, providing comprehensive insights into the
cryptocurrency market's performance in June. The report highlights
significant developments shaped by macroeconomic uncertainty and
technological innovations, underscoring the dynamic nature of the
crypto sector.
Despite the challenges, interest in AI themes has propelled
NVIDIA's market value to new heights, making it the highest-valued
company globally. In the stablecoin sector, the issuance volumes
for USDT and USDC remained stable, reflecting a cautious market
sentiment. TON's ecosystem thrived against downward market trends,
achieving over 80% growth in TVL, mainly due to its gaming
projects' popularity and Telegram's vast user base.
In the ETH Layer 2 sector, Base outperformed Optimism in TVL
rankings, while Linea and Scroll attracted considerable attention
and capital for their token issuance and restaking innovations. The
Solana Foundation's new tools, "Actions" and "Blinks," aim to
simplify on-chain transactions and enhance user interaction within
Web3 applications.
Investment activity remained robust, with a total financing
volume close to $900 million.
Early-stage investments showed a notable increase, with Series A
funding surging from 7.77% to 18.84%, indicating a jump of 142%.
This trend highlights strong interest in emerging projects and
innovative solutions within the cryptocurrency market.
For further details and a deeper analysis of these trends,
please refer to the full KuCoin Research monthly report here.
About KuCoin Research
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.
Logo -
https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/kucoin-researchs-monthly-report-early-stage-series-a-financing-soars-142-ton-ecosystem-achieves-80-tvl-growth-despite-market-downturn-302195712.html