TechFlow reported on July 16 that according to CoinGecko's Q2 2024 cryptocurrency industry report, the total crypto market cap declined by 14.4% in the second quarter, closing at $2.43 trillion.
Key highlights from the report include: Bitcoin miner hashrate dropped by 18.8%, marking the first quarterly decline since Q2 2022; Meme Coins, artificial intelligence, and real-world assets (RWA) emerged as the hottest categories, accounting for 77.5% of network traffic; Ethereum supply increased by 120,818 ETH; centralized exchange spot trading volume decreased by 12.2%, while decentralized exchange spot trading volume rose by 15.7%.




