Coinspeaker
CoinGecko 2024 Q1 Crypto Industry Report, Polkadot Spotlighted
Coingecko recently hosted the comprehensive virtual meeting in which key speakers shared their insights on the trends in the digital currency ecosystem in the first quarter. The meeting also beamed its spotlight on the Polkadot ecosystem as it pursues its major evolutionary trend.
Crypto Market Q1 Spotlight
Recanting the biggest events in the market in Q1, Coingecko’s Head of Research Zhong Yang Chan highlighted the emergence of spot Bitcoin Exchange Traded Funds (ETF) as the major boost for the industry in January.
With the massive Assets Under Management (AUM) from likes of Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin Trust (IBIT) from BlackRock Inc (NYSE: BLK), the ETF market has dragged massive institutional capital into the market. This has in turn helped drive the price of Bitcoin to a new All-Time High (ATH) above $73,000 in March.
Chan also focused on the Ethereum restaking trends that has taken the centerstage. In this sector, Ether.Fi remains the dominant player with EigenLayer also gaining traction as seen in recent times.
This is a developing story, please check back for more updates
CoinGecko 2024 Q1 Crypto Industry Report, Polkadot Spotlighted
