KuCoin's Latest Research Report: Bitcoin Reaches Record Highs, $1.16 Billion Poured into 180 Crypto Projects, and Ethereum's Layer2 TVL Jumps 13.66%

April 11, 2024 08:00 PM AEST | By Cision

KuCoin's Latest Research Report: Bitcoin Reaches Record Highs, $1.16 Billion Poured into 180 Crypto Projects, and Ethereum's Layer2 TVL Jumps 13.66% — Image source: Kalkine Media

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VICTORIA, Seychelles, April 11, 2024 /PRNewswire/ -- KuCoin Research, a prominent analytical arm of the global leading cryptocurrency exchange, has released its April edition of the Monthly Research Report, providing a comprehensive overview of the dynamic trends and significant developments within the cryptocurrency market during March 2024.

In March 2024, the cryptocurrency market experienced significant events that underscored the dynamic interplay between technology and financial trends. Bitcoin soared to new heights, reflecting a surge in market optimism. The Ethereum network saw significant progress with the implementation of the Dencun upgrade, which resulted in a 13.66% increase in the Total Value Locked (TVL) within its Layer2 solutions, as measured in ETH. This development, along with a marked upswing in crypto investment and financing—highlighted by 180 projects attracting a combined financing of $1.16 billion—underscored a robust resurgence in the primary investment market.

The period also witnessed the burgeoning growth of the AI and Real World Assets (RWA) sectors, with notable advancements despite some volatility. AI's deepening integration with various industries, coupled with the vibrant activity within the Solana ecosystem, and significant shifts in stablecoin dynamics—with USDT, USDC, and the rising prominence of USDe—further illustrated the evolving landscape of digital assets.

The KuCoin Research Report underscores the exchange's commitment to providing users with insightful, data-driven analysis of the cryptocurrency market's evolving landscape.

Read the full report here.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder's 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/.

About KuCoin Research

KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.

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