Despite a rough second quarter for Bitcoin, stablecoins, NFTs, and exchanges, the crypto ecosystem saw some positive developments. CoinGecko reported on the top 10 centralized exchanges by spot trading volume, with Binance leading at 52%.
Bitcoin experienced a steady gain of 6.9% during Q2, reaching $30,481 by the end of June, but its average daily trading volume dropped by 58.7%. Tether maintained its dominance in the stablecoin market, adding over $3 billion to its market cap, while other stablecoins suffered losses.
Ethereum had a notable quarter, with total staked ETH growing by 30.3%, and Uniswap retained its dominant position in the decentralized exchange market.
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