According to Crypto. According to com's latest market size report, the number of holders in the global Crypto asset market increased significantly in the first half of this year.
As of June, the number of holders increased from 580 million at the end of 2023 to 617 million, an increase of 6.4%.
The main reason for the growth is the important development of the BTC and Ethereum ecosystems, especially the launch of spot-traded funds related to these two digital assets.
BTC is still the most important Crypto asset, its holdings increased by 5.9%, reaching 314 million by the middle of this year, accounting for 51% of all Crypto asset holders.
At the same time, the adoption rate of Ethereum has grown faster, an increase of 9.7%, bringing the total number of Ethereum holders to 136 million, accounting for 22% of the global market.
The report points out that two major events have driven the growth of BTC adoption. The launch of spot BTC ETFs in the United States and the fourth halving of flagship Crypto assets in April both played a key role.
The halving event reduced miner's block reward from 6.25 BTC to 3.125 BTC, enhancing the attractiveness of BTC as “digital gold” and attracting the interest of a large number of institutions.
The report estimates that 388,000 to 1.6 million individuals have invested in BTC through U.S. spot ETFs, further promoting the application of BTC.
The growth of Ethereum is mainly due to the Dencun upgrade in March, which significantly reduced the transaction fees of the Ethereum L2 network. This upgrade has enhanced the extensibility of Ethereum and led to a surge in L2 activity, which currently accounts for about 90% of all transactions on the Ethereum network, up from 77% before the upgrade.
In addition, in the first quarter, the liquidity re-pledge program in the Ethereum DeFi ecosystem pushed the total locked value (TVL) of DeFi to US1100 billion, which was nearly twice as high as in the previous quarter.
The report highlighted the strong growth in March and April, with monthly increases of 1.7% and 1.6%, respectively, which coincided with the halving of BTC and the upgrade of Dencun.
During this period, institutional investors played a key role in the continued growth of BTC. As of the end of June, U.S. spot BTC ETFs attracted more than美元14 billion in capital inflows.
Ethereum has also benefited from increased institutional interest, especially before the U.S. Securities and Exchange Commission (SEC) abandoned its investigation into Ethereum and regulators approved spot Ethereum ETFs. Both of these things have strengthened investors' confidence in Ethereum and the entire market. The initial surge of interest caused the ETH price to rebound to美元3,900 before June.
Spot ETFs have achieved good results since their launch
, and BTC-linked funds have broken a number of records in the ETFs market.
However, despite the substantial growth of the BTC market in the first half of the year, in recent weeks, due to macroeconomic pressures and the deterioration of the geopolitical situation in the Middle East, which has led to increased selling pressure, the BTC market has been difficult to break through historical highs.
As of now, the transaction price of BTC is US559,121, while the transaction price of ETH is US22,612, both of which are significantly lower than the highest price reached this year.
Articulo plagiado.
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