Cryptocurrencies and DeFi tokens have exploded in number, profitability and market capitalization ever since. This year, especially, since the super rise of DeFi and NFT assets, has seen even greater increase in capitalization in these cryptocurrencies. As of April 1, 2021, there are up to 146 million unique Ethereum addresses, a 12% increase from the beginning of the year.
We have posted a report, courtesy of CoinGecko, which analyzes the performance of these crypto assets for the first quarter running in 2021. The research covers the main developments over Q1 2021 in crypto markets, covering assets as Bitcoin, Ethereum, DeFi, stablecoins and NFTs.
During the 1st quarter of this year cryptocurrency got to the $2 trillion market cap. Bitcoin continues to rise as it broke its previous all time high to $61,315 in March 2021. Also, in one of those few cases, Alternative L1 tokens, such as BNB, outperformed Bitcoin and Ethereum. PancakeSwap became the second-largest DEX ending March 2021, after it overturned Uniswap in April 2021.
Get the report to see how investors are picking up market momentum.