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Binance Research Institute releases 2023 annual review report, crypto market value increases by 109%

Binance Research Institute released its 2023 annual review report, which comprehensively analyzed the performance of the cryptocurrency market in the past year. The report shows that driven by the significant increase in the first and fourth quarters, the market value of cryptocurrencies in 2023 increased by 109%; Web3 projects attracted 1,173 investments, totaling $9 billion; decentralized finance (DeFi) TVL increased by 38.9% year-on-year; and the global stablecoin market value decreased by 5.2% overall in 2023.

Binance Research Institute also provided exclusive insights into the eight major trends in the cryptocurrency asset industry for 2024 through professional analysis. These trend topics include: Bitcoin ecosystem-related development, ownership economy, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, institutional-level popularity, etc.

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