The post Crypto On-Chain Report 2023: Analyzing a Year of Dynamic Shifts appeared first on Coinpedia Fintech News
2023 has unfolded as a landmark year for the crypto market, showcasing resilience and innovation despite significant challenges. As the year ends, we reflect on a year full of change and innovation in crypto. The market has been driven by investor sentiment, and the spirit of decentralization has been strong.
One of the key storylines of 2023 has been the legal challenges faced by Binance, the largest crypto exchange. However, even as Binance has faced these challenges, the market ecosystem around it has continued to flourish. This shows the resilience and adaptability of the crypto sector.
Binance leads the pack in monthly exchange volume market share with 38.50%.
The 2023 crypto exchange volume was a thrill ride, kicking off with a bang as Bitcoin’s $474 billion drove a whopping $800 billion market volume in January alone. The market was on fire by March, soaring to
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