TechFlow reports, according to the latest Binance Research report, June saw a significant downturn in the crypto market, with total market capitalization dropping 11.4%. Total Value Locked (TVL) in DeFi declined by 8.7%, while NFT market sales dropped 26.2%.
TON stood out with a price increase of 17.5% and DeFi TVL rising to $700 million. BNB fell 18.8%, XRP dropped 9.0%, and BTC and ETH declined 10.9% and 10.0% respectively. SOL rebounded following news related to the first Solana ETF.
In DeFi, Bitcoin Layer-2 networks Bsquared and CORE saw TVL grow by 332% and 300% respectively. In the NFT market, DMarket and CryptoPunks led the pack, recording sales of $18.9 million and $16.1 million respectively.
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