Research Summary

The report provides an overview of the global crypto market, which reached a cap of $1.17 trillion at the end of Q2, marking a 48% YTD increase. The report highlights key trends such as the rise of VR/AR and AI & Big Data sectors, the popularity of memecoins, and the growth of Ethereum Layer-2 scaling solutions. It also discusses the potential impact of a Bitcoin ETF, the emergence of Decentralized Physical Infrastructure (DePIN), the tokenization of Real World Assets (RWAs), and the rise of Liquid Staking Derivatives (LSDs). The report also notes the popularity of Bitcoin and Shiba Inu across all regions.

Actionable Insights

  • Monitor the Bitcoin ETF situation: If approved, Bitcoin ETFs could unlock substantial institutional investor demand, potentially pushing Bitcoin’s price significantly beyond its All-Time High level.
  • Keep an eye on the DePIN landscape: DePIN provides solutions for access sharing of physical assets or services like warehousing and data networks, and is showing potential for growth.
  • Watch the RWA space: The tokenization of RWAs, including real estate, collectibles, stock, intellectual property and more, is expected to see further stratification in H2 2023.
  • Consider the potential of LSDs: LSDs saw a dramatic surge in activity in H1 2023, largely due to the Ethereum Shapella upgrade. This trend could continue through the remainder of 2023.
  • Track the growth of Ethereum Layer-2 solutions: zkSync, a popular Ethereum-based layer-2 solution, is shaping up to be a key player in 2023.

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