Binance has published a report explaining the most important statistics on the crypto market in the year 2020 from the total market value to the number of active addresses to the non-exchangeable cryptocurrency NFT ...
Here is a quick breakdown of the percentages of the currencies captured over the cryptocurrency market value:
Much of the expansion in the market cap of the crypto market this year can be attributed to bitcoin as traders scrambled to hedge against inflation causing Bitcoin to break its all-time highs in November and December 2020.
Here are some of the most prominent statistics cited by the report:
The market cap of cryptocurrencies has grown from $ 193 billion in January 2020 to $ 668 billion in December 2020.
Overall, Bitcoin added more than $ 300 billion to its market capitalization in 2020.
- The number of active Bitcoin addresses doubled daily in 2020.
- The number of bitcoin addresses containing at least 0.01 BTC has increased by more than 700,000.
- The total size of the crypto market increased by more than 246% in 2020 alone.
- Total volume on BINANCE reached a record high of $ 3 trillion.
- The number of institutional customers on Binance grew by 46% in 2020 alone.
- The highest 24-hour trading volume in 2020 on Binance was estimated at more than $ 52.6 billion
The most popular cryptocurrency trading pairs in 2020 by volume in Binance:
- BTC / USDT
- ETH / USDT
- ETH / BTC
The total supply of stablecoins increased by nearly 20 billion in 2020.
- The market cap of bitcoin encapsulated (wBTC) rose from $ 4.2 million in January 2020 to $ 2.7 billion in December 2020 driven by the DeFi craze.
- The closed financial value of the DeFi market increased from $ 700 million to $ 16 billion over the course of 2020.
- 2020 has become the year that anyone who buys Bitcoin makes a profit.
- Non-exchangeable digital currencies “NFT” has spread hugely in 2020.
- Ethereum 2.0 launched in December 2020, which is a first step towards moving from mining to quota.
- Locking down more than $ 1 billion in Ethereum 2.0 deposit contract as of December 2020.
- Asia remains the dominant cryptocurrency market, consistently recording the highest volumes, followed by Europe.
- Statistics also reveal Africa's size in Binance globally when it comes to P2P popularity.
Regions that topped the list based on cryptocurrency trading activity:
- Asia
- Africa
- Eastern Europe
The most popular areas to buy and sell cryptocurrencies using fiat currencies through the Binance portal:
- UK and Europe
- Russia and the CIS
- Africa
Decentralized trading and the Uniswap platform:
- Uniswap, the Ethereum-based decentralized trading platform, is the engine behind the mania for decentralized finance.
- Total turnover on Uniswap increased from around $ 1 billion per day in early June to nearly $ 1 billion per day in early September.
- The surge in trading via Uniswap helped push Ethereum transaction fees to an all-time high in August.
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