HashKey Capital released its June monthly report, which mainly includes:
1. The total market capitalization of the crypto market fell by 7% due to negative news and lack of catalysts. Nonetheless, adjusted total volume locked (TVL) increased by 6.7%, outweighing the decline in market capitalization.
2. The number of active wallets of Bitcoin and Ethereum increased by 26% and 34% respectively, and the number of users holding more than 1 Bitcoin exceeded 1 million for the first time.
3. L2 and L3 activity increased significantly, with Bitcoin trading in a range between $60,000 and $64,000 in June.
4. Despite the decline in trading volume of centralized exchanges (CEX), decentralized exchanges (DEX) ushered in their best performance in three months.
Overall, despite the weak market performance in June, multiple positive indicators show that the foundation of the crypto market remains solid and is expected to continue to grow in the future.