Binance Analysis Institute launched the 2023 Semi-Annual Report, which highlighted that Bitcoin’s market dominance had reached its highest stage since April 2021 on the finish of the semester, and its value efficiency of over 87% year-to-date was considerably higher than many TraFi investments.

The Bitcoin-TraFi correlation can be presently at its lowest in a number of years. The market worth of worldwide stablecoins has fallen by 7% and USDT’s market share has elevated by 25.8% because the begin of the yr.

In comparison with the worldwide cryptocurrency market, DeFi dominance has dropped by 0.5%. In comparison with the second half of 2022, NFT transactions will enhance within the first half of 2023 as a result of affect of Blur.

Moreover, gaming-related token costs will rise sharply within the first half of 2023, benefiting from a broader market restoration.

At present, over 67% of video games are constructed on BNB Chain, Ethereum, and Polygon.