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The Binance Analysis Institute launched the 2023 semi-annual report, which identified that the dominance of the Bitcoin market reached the best stage since April 2021 on the finish of the half 12 months, and its worth efficiency of greater than 87% year-to-date was considerably higher than many TraFi investments.
Bitcoin-TraFi correlation can be at the moment at multi-year lows. The market worth of worldwide stablecoins has dropped by 7%, and USDT’s market share has elevated by 25.8% year-to-date.
In comparison with the worldwide cryptocurrency market, DeFi’s dominance fell by 0.5%. In contrast with the second half of 2022, NFT transactions will improve within the first half of 2023 because of the impression of Blur.
Moreover, the costs of gaming-related tokens will rise sharply within the first half of 2023, benefiting from a broader market restoration.
Presently, greater than 67% of video games are constructed on BNB Chain, Ethereum and Polygon.
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