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Binance Research’s November 2024 Report Highlights Crypto Market Resilience

  • The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, driven by BTC inflows and positive US employment statistics.
  • Solana demonstrates momentum in DeFi with a 13.4% increase in total value locked (TVL) and 90.6% of all token launches.
  • NFT market shows resilience with a 15.8% increase in monthly trading volume, while memecoins account for over 12% of top 50 cryptocurrencies.
  • Rising application revenues suggest a shift towards application-level income in the cryptocurrency industry.

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