CoinGecko, a leading cryptocurrency data aggregator, released its 2023 Annual Crypto Industry Report, which highlighted significant developments in the crypto space. The report noted a substantial increase in the total crypto market capitalization, which rose by 108.1% from $829 billion to $1.72 trillion. It also identified new entrants to the top 30 cryptocurrencies by market cap, including ICP at #16, NEAR at #23, OP at #26, and INJ at #30, while HBAR, BUSD, XMR, and TUSD fell out of the top ranks. The report declared that Solana experienced a resurgence in 2023, with rising levels of activity, particularly in its decentralized applications (DApps) which were praised for their great user interfaces and ease of use, with wallets like Phantom and Backpack being highlighted. Orca_so emerged as the biggest gainer among decentralized exchanges (DEXes) in Q4 2023 in terms of volume, which was attributed to the increased interest in Solana. Additionally, the migration of the DeGodsNFT project from Solana to Ethereum was mentioned as not paying off, as the renewed interest in Solana's ecosystem and NFTs meant the project missed out on the resurgence. The report underscored Solana's strong challenge against EVM dominance in the crypto industry.
CoinGecko releases 2023 report. Total crypto market capitalization rose +108.1% in 2023, from $829B to $1.72T. New entrants to the top 30 include ICP at #16, NEAR at #23, OP at #26, and INJ at #30. HBAR, BUSD, XMR, and TUSD slipped out. https://t.co/krFHGalRax
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ICYMI: @coingecko 2023 ANNUAL CRYPTO INDUSTRY REPORT STATES THAT @orca_so WAS THE BIGGEST GAINER AMONG THE DEXES IN 2023 Q4 IN TERMS OF VOLUME - "THIS SHARP RISE IN TRADING VOLUME CAN BE ATTRIBUTED TO THE UPTICK IN INTEREST IN @solana" https://t.co/LB2DCuc9lA
ICYMI: @coingecko 2023 ANNUAL CRYPTO INDUSTRY REPORT DECLARES THAT @solana DAPPS HAVE GREAT UI AND ARE EASY TO USE IN GENERAL - @solana HAS "WALLETS WITH GREAT UX SUCH AS @phantom AND @Backpack" https://t.co/GFFoRdqWUr
ICYMI: @coingecko 2023 ANNUAL CRYPTO INDUSTRY REPORT DECLARES THAT @solana SAW RISING LEVELS OF DEGENERACY IN 2023 https://t.co/Lq7dennThh
ICYMI: @coingecko DECLARES THAT THE "@solana ECOSYSTEM HAS RISEN FROM THE ASHES IN 2023 TO MOUNT A STRONG CHALLENGE AGAINST EVM DOMINANCE" - IN 2023 ANNUAL CRYPTO INDUSTRY REPORT https://t.co/3vZWWUiQVl
ICYMI: @coingecko 2023 ANNUAL CRYPTO INDUSTRY REPORT DECLARES THAT @DeGodsNFT MIGRATION FROM @solana TO @ethereum DID NOT PAY OFF - "@solana'S COMEBACK IN 2023 REVIVED INTEREST IN ITS ECOSYSTEM AND NFTS, BUT THE FORMER @solana NFT PROJECT MISSED THE BOAT" https://t.co/Lnx6X6UPct
What were the top crypto gainers of 2023? Check out our latest video highlighting the top 10 performers from last year. Did your favourite crypto make the list? 🤔 Watch the full video: https://t.co/OCKq18tTcn https://t.co/POCu2kR9L7