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Binance Research: Key Trends in Crypto – August 2023 | Binance Blog

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As ever, August is looking to be another busy month for crypto. To keep up with all the potential trends, BinanceResearch have put together a report that analyses recent and upcoming events in the space. Find a summary here 👇

In this blog series, we offer concise summaries of Binance Research team’s findings, inviting you to take a deeper dive into the original reports.

While July 2023 was relatively slow, altcoins experienced a surge following favorable regulatory developments. Today, we will explore key Web3 developments in July 2023 to provide an overview of the crypto ecosystem’s current state. We will analyze the performance of crypto, DeFi, and NFT markets before previewing the major events to look out for in August.July 2023 was a relatively slow period for crypto markets, with overall capitalization increasing just 1.0%, the smallest monthly change for the year thus far.

 

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