2024 年第一季度加密货币报告的要点 - Coindoo

以美国现货比特币 ETF 的批准和比特币减半的预期为标志，加密货币在 2024 年迎来了强劲的开局。 3 月 13 日，加密货币市场增长 64.5%，达到 2.9 万亿美元，大幅超过上一季度的增长。比特币创下历史新高 73,098 美元，美国现货比特币 ETF 管理的资产超过 55.1B 美元。以太坊在 EigenLayer 上的重新质押增长了 36%，达到 430 万美元，基于 Solana 的 meme 币飙升，市值达到 $8.32B。顶级中心交易所现货交易量增长95.3%，创2021年底以来最高水平。

As we already witnessed and what the annual crypto report for 2023 showed us, Bitcoin saw massive growth, whereby the crypto market altogether witnessed a year of recovery.

正如我们已经见证的以及 2023 年年度加密货币报告向我们展示的那样，比特币出现了巨大的增长，加密货币市场总体上见证了复苏的一年。

So, starting fresh, we are looking at some of the most notable events of Q1, 2024, which seemed to be a good start for many crypto contenders, leading to an increase of +64.5%, reaching $2.9 trillion on March 13.

因此，从新开始，我们正在关注 2024 年第一季度的一些最引人注目的事件，这对许多加密货币竞争者来说似乎是一个良好的开端，导致增长 +64.5%，在 3 月 13 日达到 2.9 万亿美元。

Why is this important? First, this growth has nearly doubled compared to Q4, 2023. A noteworthy influence was the Bitcoin ETF approval earlier this year, and as a result, Bitcoin reached a new all-time high in March. But this was just the tip of the iceberg.

为什么这很重要？首先，与 2023 年第四季度相比，这一增长几乎翻了一番。一个值得注意的影响是今年早些时候比特币 ETF 的批准，结果，比特币在 3 月份创下了历史新高。但这只是冰山一角。

So, we can say that the start of 2024 was strong, but it could be better. Let’s see where it’s heading, and as Bobby Ong, the Co-Founder & COO at CoinGecko, marked:

因此，我们可以说 2024 年的开局强劲，但还可以更好。让我们看看它的发展方向，正如 CoinGecko 联合创始人兼首席运营官 Bobby Ong 所指出的：

Crypto is off to a strong start in 2024 on the back of US spot Bitcoin ETF approvals and anticipation for Bitcoin Halving.

在美国现货比特币 ETF 获得批准和比特币减半预期的推动下，加密货币在 2024 年迎来了强劲的开局。

While global geopolitical and macroeconomic risks are still present, we remain optimistic that the industry is continuing to innovate and bringing new offerings to the market.

尽管全球地缘政治和宏观经济风险仍然存在，但我们仍然乐观地认为该行业将继续创新并向市场推出新产品。

Thanks to CoinGecko’s report, we are highlighting the most essential events and factors of Q1, 2024 so that you can prepare your trading strategies to get started on the right track.

感谢 CoinGecko 的报告，我们重点介绍了 2024 年第一季度最重要的事件和因素，以便您可以准备好交易策略，开始步入正轨。

5 Highlights of Q1 2024 Crypto Highlights

1. Bitcoin reached a new all-time high in March, representing a growth of +68.8% in Q1;
2. By April 2, US Spot Bitcoin ETFs had over $55.1B worth of assets under management;
3. Ethereum’s restaking on EigenLayer has reached an impressive quarterly growth of 36%;
4. Solana-based meme coins skyrocketed in Q1, and it’s top 10 reached a market cap of $8.32B;
5. CEX’s spot trading volume reached $4.29T in Q1, the most increased since the end of 2021;

Let’s now delve into greater detail!

2024 年 Q1 5 大亮点 加密亮点 比特币在 3 月份创下历史新高，一季度增长 +68.8%；截至 4 月 2 日，美国现货比特币 ETF 管理资产价值超过 $55.1B；以太坊对 EigenLayer 的重新质押达到令人印象深刻的 36% 季度增长；基于 Solana 的 Meme 币一季度暴涨，前 10 名市值达到 $8.32B；CEX 一季度现货交易量达到 $4.29T，为 2021 年底以来增幅最大；让我们现在深入研究更多细节！

1. Bitcoin’s Massive Growth of +68.8% in Q1, 2024

After Bitcoin’s resurrection in 2023, which brought a +155.2% increase in 2023, another growth wave pulled Bitcoin from its spot. As a result, in March 2024, Bitcoin reached its all-time high of $73,098, marking an increase of +68.8% in Q1, 2024.

1. 比特币在 2024 年第一季度大幅增长 +68.8% 在 2023 年比特币复活并带来 2023 年增长 +155.2% 后，另一波增长浪潮将比特币拉离了原来的位置。结果，2024 年 3 月，比特币达到历史新高 73,098 美元，2024 年第一季度上涨了 68.8%。

But things weren’t always as good as they are now. So, after the extended-release and approval of the US Spot Bitcoin ETF approvals, BTC saw a downfall of -16.0%, leading to a quarterly low of $39,505.

但事情并不总是像现在这样好。因此，在美国现货比特币 ETF 延期发布并获得批准后，BTC 下跌了-16.0%，导致季度低点 39,505 美元。

Yet, it quickly grew by +85.0% when it reached ATH, only to hit another correction, which meant a drop of -18.0%, before recovering to close the quarter at $71,247.

然而，当它达到 ATH 时，它迅速增长了 +85.0%，但又遭遇了另一次调整，这意味着下跌了 -18.0%，然后恢复到本季度收于 71,247 美元。

On the other hand, in terms of trading volume, BTC has reached a new milestone, a daily average of $34.1B, a +89.8% gain from $18.0 billion in Q4, 2023.

另一方面，从交易量来看，BTC 达到了新的里程碑，日均达到 $34.1B，较 2023 年第四季度的 180 亿美元增长了 +89.8%。

2. The US Spot Bitcoin ETFs Held +$55.1B in AUM

After the most awaited decision was concretized by the US Securities and Exchange Commission (SEC) regarding BTC ETFs, the results didn’t take too long to appear.

2. 美国现货比特币 ETF 资产管理规模上涨 55.1B 美元 在美国证券交易委员会 (SEC) 就 BTC ETF 做出最期待的决定后，结果没过多久就出现了。

As a result, Grayscale’s ETF has seen +$21.7 billion in AUM, even though its investors took a -$6.9 billion in net outflows. As such, the GBTC ETF remained the largest BTC ETF in Q1 2024.

结果，Grayscale 的 ETF 资产管理规模增加了 217 亿美元，尽管其投资者的净流出为 -69 亿美元。因此，GBTC ETF 仍然是 2024 年第一季度最大的 BTC ETF。

BlackRock’s ETF has earned over $17.0 billion in BTC, thus securing its place as the second most extensive Bitcoin ETF.

贝莱德的 ETF 的 BTC 收益已超过 170 亿美元，从而确保了其作为第二大比特币 ETF 的地位。

3. Ethereum’s EigenLayer Restaking Hit $4.3M

The number of restaked ETH grew considerably in Q1, 2024 due to EigenLayer, marking a growth of +36%, thus reaching $4.3M.

3. 以太坊的 EigenLayer 重新抵押金额达到 430 万美元 由于 EigenLayer，2024 年第一季度重新抵押的 ETH 数量大幅增长，增长了 36%，达到 430 万美元。

The most restaked ETH was held by Liquid Restaking Protocols (LRTs), with a 52.6% margin, totaling 2.28 million ETH.

重新抵押最多的 ETH 由 Liquid Restake Protocols (LRTs) 持有，保证金为 52.6%，总计 228 万枚 ETH。

EtherFi was the most extensive LRT protocol of Q1, which saw a 21.0% market share and skyrocketed to +2,616% throughout the quarter. Moreover, EtherFi held 0.91 million ETH by the end of March.

EtherFi 是第一季度最广泛的轻轨协议，市场份额为 21.0%，并在整个季度飙升至 +2,616%。此外，截至 3 月底，EtherFi 持有 91 万枚 ETH。

4. Solana-based Meme Coins Reached a Market Cap of $8.32B

When discussing Solana meme coins, the top 10, their market cap grew by +801.5% or $8.32 billion. Moreover, the quarter closed with a total market cap of $9.36 billion.

4. 基于 Solana 的 Meme 币的市值达到 8.32 美元 当讨论前 10 名 Solana Meme 币时，其市值增长了 +801.5%，即 83.2 亿美元。此外，本季度结束时总市值为 93.6 亿美元。

Top 10 Solana meme coins:

1. Bonk (BONK);
2. Samoyedcoin (SAMO);
3. Dogwifhat (WIF);
4. Book Of Memes (BOME);
5. Mew Inu (MEW);
6. Popcat (POPCAT);
7. Myro (MYRO);
8. SLERF;
9. Wen (WEN);
10. Jeo Boden (BODEN);

5. CEX: The Most Increased Spot Trading Volume Since 2021

The good news is that the top 10 CEXs have seen a massive gain of +95.3% quarter-on-quarter, reaching $4.29T. This is spectacular, especially since such a milestone hasn’t been untouched since December 2021.

排名前 10 位的 Solana Meme 币：Bonk (BONK)；Samoyedcoin (SAMO)；Dogwifhat (WIF)；Book Of Memes (BOME)；Mew Inu (MEW)；Popcat (POPCAT)；Myro (MYRO)；SLERF；Wen (WEN) ；杰奥·博登（BODEN）；5。 CEX：自 2021 年以来现货交易量增幅最大好消息是，前 10 个 CEX 环比大幅上涨 95.3%，达到 4.29T 美元。这是令人惊叹的，尤其是自 2021 年 12 月以来，这样的里程碑一直没有被打破。

As expected, Binance remained the largest CEX, ending the quarter with a 50% market share, while MEXC saw a market share reduction as traders focused more on significant cryptos such as BTC, ETH, and SOL.

正如预期的那样，币安仍然是最大的 CEX，本季度末占据 50% 的市场份额，而 MEXC 的市场份额有所下降，因为交易者更加关注 BTC、ETH 和 SOL 等重要加密货币。

Q1, 2024 Crypto Market at a Glance

If 2023 was a bumpy ride and a full year of recovery for the whole crypto market. On the other hand, 2024 seemed to have a vigorous start, backed up by the US spot Bitcoin ETF approvals and one of the most awaited events of the season, Bitcoin halving.

2024 年第一季度加密货币市场概览 如果说 2023 年是整个加密货币市场坎坷不平、复苏的一年。另一方面，在美国现货比特币 ETF 批准和本季度最受期待的事件之一比特币减半的支持下，2024 年似乎有一个蓬勃发展的开局。

But allow us to go into greater detail and uncover the state of the crypto market in Q1, 2024.

但请允许我们更详细地了解 2024 年第一季度加密货币市场的状况。

The Spot Trading Volume & Crypto Market in Q1

The total crypto market cap acquired a 64.5% growth, or $1.1T, in absolute terms, in Q1. The outcome has almost doubled compared to the previous quarter when they only reached $607B. As a result, on March 13, it reached $2.9T.

第一季度的现货交易量和加密货币市场 第一季度，加密货币总市值增长了 64.5%，即绝对值增长了 1.1T 美元。与上一季度相比，结果几乎翻了一番，当时他们只达到了 $607B。结果，3 月 13 日达到了 2.9T 美元。

When discussing the trading volume, we could see that the average amount stood at $109.2B, a 45.4% QoQ increase.

在讨论交易量时，我们可以看到平均金额为 $109.2B，环比增长 45.4%。

Within the Top 30 Cryptos, we have:

在前 30 名加密货币中，我们有：

• #11 TON, which claimed its spot from 15th place;
• #12 SHIB, shifted from 17th;
• #14 BCH secured its place from the 21st position;

Unfortunately, DAI and ATOM lost their places, thus reaching #27 and #28, from #20, respectively #22.

#11 TON，从第 15 位夺回自己的位置；#12 SHIB，从第 17 位上升到第 17 位；#14 BCH 从第 21 位稳住位置；不幸的是，DAI 和 ATOM 失去了位置，从 # 名升至第 27 位和第 28 位。 20，分别是#22。

A surprising shift was marked by #22 APT, #25 STX, #29 WIF, and #30 ARB, replacing OP, INJ, OKB, and XLM.

令人惊讶的转变是#22 APT、#25 STX、#29 WIF 和#30 ARB，取代了 OP、INJ、OKB 和 XLM。

QoQ Crypto Market Dominance

As always, BTC maintained its spot, with a 1.4% increase, reaching 49.4%, followed by ETH, USDT, BNB, SOL, XRP, and USDC. Among these, BNB and SOL increased by 0.5% and 0.7%.

环比加密货币市场主导地位一如既往，BTC 保持领先地位，增长 1.4%，达到 49.4%，其次是 ETH、USDT、BNB、SOL、XRP 和 USDC。其中，BNB和SOL上涨0.5%和0.7%。

On the other hand, ETH suffered a 0.5% loss, XRP 0.7%, USDT 1.6%, and USDC 0.3%.

另一方面，ETH 下跌 0.5%，XRP 下跌 0.7%，USDT 下跌 1.6%，USDC 下跌 0.3%。

Q1, 2024 Crypto Price Performance Key Insights

Undoubtedly, Solana was the gainer of the quarter, +100%, and the top performer within the top 5 cryptos for the 2nd time. BNB followed quickly with a 94% increase, whereas BTC came in 3rd place with 69%, outperforming ETH, which only witnessed +60%.

2024 年第一季度加密货币价格表现关键见解毫无疑问，Solana 是本季度的赢家，+100%，并且第二次在排名前 5 的加密货币中表现最佳。 BNB 紧随其后，涨幅为 94%，而 BTC 则以 69% 的涨幅位居第三，表现优于 ETH，后者仅增长了 60%。

However, MKR outperformed the top 5 cryptos of any category with a staggering 132% increase, yet quickly followed by the GRT with a 113% growth, and UNI rallied by 80%.

然而，MKR 的表现优于任何类别中排名前 5 的加密货币，增长了 132%，但紧随其后的是 GRT，增长了 113%，UNI 上涨了 80%。

When discussing exchange tokens, BNB has been the most prominent by far, with a net increase of 94%. However, a new contender in this top 5, BGB, replaced the KCS token.

在讨论交易所代币时，BNB 迄今为止表现最为突出，净增长达 94%。然而，前 5 名中的一个新竞争者 BGB 取代了 KCS 代币。

On the P2E tokens, GALA was the top performer, with 128%, and just below, on 6th, is RON, with 114%.

在 P2E 代币上，GALA 表现最好，为 128%，紧随其后的是 RON，为 114%，排名第六。

Top 15 Stablecoins of Q1, 2024

Q1, 2024, was a gainer for the stablecoin market, climbing to 15.1% or $20.6B in total terms. This is good news, as we all remember from our 2023 crypto report that the stablecoin market ended its Q4 with an 11.3% decrease.

2024 年第一季度前 15 名稳定币是稳定币市场的赢家，总计攀升至 15.1% 或 $20.6B。这是个好消息，因为我们都记得 2023 年加密货币报告中稳定币市场在第四季度结束时下跌了 11.3%。

Yet, let’s see a breakdown!

然而，让我们看一下细分！

As seen in 2023, USDT solidified its position and market dominance; in Q1 2024, USDT witnessed the most significant increase of $12.8B, followed closely by the USDC with $7.9B.

2023年，USDT巩固了地位和市场主导地位； 2024 年第一季度，USDT 涨幅最大，达 $12.8B，其次是 USDC，达 $7.9B。

TUSD didn’t maintain its position, and it was replaced by USDe, Ethena’s new synthetic stablecoin that raised a market cap of $2B in just 2 weeks.

TUSD 没有维持其地位，取而代之的是 Ethena 的新型合成稳定币 USDe，该稳定币在短短 2 周内市值就上涨了 20 亿美元。

Q1, 2024 Crypto Trending Categories

Thanks to CoinGecko analysis, we can now delve into some of the most popular categories to better conclude and strategize your investment plan.

2024 年第一季度加密货币趋势类别借助 CoinGecko 分析，我们现在可以深入研究一些最受欢迎的类别，以更好地总结和制定您的投资计划策略。

At the top of the list, AI (Artificial Intelligence), meme coins, and Real-World Assets (RWA) were the shining stars of the first quarter of 2024, capturing a third of investors’ attention.

位居榜首的 AI（人工智能）、meme 币和真实世界资产（RWA）是 2024 年第一季度的闪亮明星，吸引了三分之一的投资者注意力。

The Solana ecosystem and the gaming landscape also position themselves in investors’ minds, with more than 5% interest, making space for newcomers like ERC-404.

Solana 生态系统和游戏领域也在投资者心目中占有一席之地，其兴趣超过 5%，为 ERC-404 等新来者腾出了空间。

On the blockchain side, only 3 out of 49 networks, Solana, Ethereum, and Base, managed to be in the top 15 narratives, while NFTs DeFi, Avalanche, FTX holdings, and BRC-20 lost interest.

在区块链方面，49 个网络中只有 3 个（Solana、Ethereum 和 Base）成功跻身前 15 名，而 NFT DeFi、Avalanche、FTX Holdings 和 BRC-20 则失去了兴趣。

Top Significant Q1 2024 Crypto Events

When thinking about the latest quarter events, you’re probably thinking about the Spot BTC ETF, but that’s not all. So, let’s catch up on the key events!

2024 年第一季度最重要的加密货币事件在考虑最新季度事件时，您可能会想到现货 BTC ETF，但这还不是全部。那么，让我们来回顾一下重要事件吧！

Bitcoin has seen some difficulties this quarter regarding its price movements. One influential factor was the Spot BTC ETF approval, which made BTC’s performance follow a 16% correction, reaching as low as $39.505, from which it rallied up 85%, and nonetheless, it has reached its all-time high of $73.098.

1. 1 月 10 日：美国现货 BTC ETF 获得批准；比特币 ETF 使投资者能够通过两种不同类型的 ETF 获得 BTC 价格变动的敞口：现货 ETF（持有比特币）和期货 ETF（投资者通过投资比特币获得敞口）加密货币期货合约.2. 1 月 16 日：Solana Mobile Chapter 2 公告，Klaytn 与 Finschia 合并；Solana Mobile Chapter 2 是一款专注于加密货币的新手机，首月预订量超过 10 万部。Klaytn 与 Finschia 合并构成亚洲最大的 Web3 生态系统，并获得批准通过双方持有人和治理成员投票。3． 1 月 26 日：Frames 在 Farcaster 上发布；4。 1月31日：JUP空投；5. 2 月 2 日：Pandora 和 ERC-404 代币标准刚刚推出；Pandora 是第一个 ERC-404 代币，在不到一周的时间里从 250 美元的低点升至 32,000 美元的高位。它的供应量只有 8,000 个代币，短短 24 小时内的交易量约为 7,600 万美元。6。 2 月 7 日：Dymension 上线 & DYM Rolldrop；Dymension 网络推出主网并提供价值超过 3.9 亿美元的代币空投。7。 2 月 16 日：Yuga Labs 获得 PROOF；8． 2 月 17 日：Pudgy Penguins 的市值跑赢 BAYC；9. 2月20日：STRK空投；10. 2 月 23 日：UNI 费用转换提案和 Blast L2 主网启动；UNI 费用转换确保 LP 赚取的部分费用分配给已委托并质押其代币的 $UNI 代币持有者。11. 3 月 5 日：Fraxtal L2 主网启动，USDT 突破 100B 美元大关；12. 3 月 11 日：BTC 突破 6.9 万美元的最高纪录，MapleStory Universe 与 Avalanche 合作；MapleStory Universe 计划运营 Avalanche 的“子网”技术，以扩展该项目基于区块链的游戏生态系统。13。 3 月 13 日：ETH Dencun 更新上线；14。 3 月 14 日：Dogwifhat 在 Sphere 众筹和 BOME 上推出，两天内市值达到 10 亿美元；15。 3 月 19 日：Ordinals NFT NodeMonkes 市值优于 BAYC；16。 3 月 25 日：贝莱德 BUILD 代币化基金启动；17. 3 月 27 日：Munchables 被利用——后来收回了 6250 万美元；18。 3 月 29 日：Degen Layer 3 推出；2024 年第一季度的比特币分析 比特币本季度的价格走势遇到了一些困难。其中一个影响因素是现货 BTC ETF 的批准，这使得 BTC 的表现经历了 16% 的回调，最低触及 39.505 美元，此后反弹了 85%，但仍达到了 73.098 美元的历史新高。

Also, Bitcoin’s trading volume has massively increased, with a QoQ rate of 89.8%, jumping from $18B in Q4 2023 to $34.1B in Q1 2024.

此外，比特币的交易量大幅增加，环比增长 89.8%，从 2023 年第四季度的 $18B 跃升至 2024 年第一季度的 $34.1B。

The Bitcoin Hash Rate in Q1 2024

When discussing the Bitcoin hash rate, one key aspect is that it reached its all-time high of 710m TH/S recorded on March 7, even though it’s only a 2% increase.

2024 年第一季度的比特币算力在讨论比特币算力时，一个关键的方面是它在 3 月 7 日创下了 7.1 亿 TH/S 的历史新高，尽管仅增长了 2%。

Notable Bitcoin Mining Events:

• Ethiopia is now the first African country to start BTC mining despite the crypto trading ban;
• Marathon Digital Holdings partnered up with Applied Digital to purchase a 200-MW Bitcoin mining facility for $87.3 million;
• Luxor Technology and Bitnomial are set to launch the first US Bitcoin mining hash rate futures;
• Swan Bitcoin debuts its mining operation with a total hash rate of 8EH/s.

The State of Ethereum in Q1 2024

The good news is rolling on Ethereum, which saw a 59.9% increase in Q1, thus breaching the $4.000 mark in anticipation of the Dencun update and the wait-long approval of the US Spot ETH ETFs.

值得注意的比特币挖矿事件：尽管有加密货币交易禁令，埃塞俄比亚现在是第一个开始进行 BTC 挖矿的非洲国家；Marathon Digital Holdings 与 Applied Digital 合作，斥资 8730 万美元购买了一座 200 兆瓦的比特币挖矿设施；Luxor Technology 和 Bitnomial 计划推出美国首个比特币挖矿算力期货；Swan Bitcoin 首次上线挖矿，总算力达到 8EH/s。 2024 年第一季度以太坊状况 以太坊上好消息不断，一季度涨幅达 59.9%，由于预期 Dencun 更新以及美国现货 ETH ETF 的等待批准，比特币价格突破 4.000 美元大关。

Given this good Q1 start, Ethereum’s triumph has been most awaited since 2021, when it reached its all-time high of $4.070 in December. Regarding the trading volume, Ethereum went up from $14.7B in Q4 2023 to $19.1B in Q1 2024.

鉴于第一季度的良好开局，以太坊的胜利自 2021 年以来一直是人们最期待的，当时以太坊在 12 月达到了 4.070 美元的历史新高。就交易量而言，以太坊从 2023 年第四季度的 $14.7B 上升到 2024 年第一季度的 $19.1B。

Moreover, as the EIP was implemented as part of the Dencun update, it has significantly reduced gas fees across Layers 2, such as Arbitrum, Optimism, and Base, sustaining a higher usage.

此外，由于 EIP 是作为 Dencun 更新的一部分而实施的，因此它显着降低了 Arbitrum、Optimism 和 Base 等第 2 层的 Gas 费用，从而维持了较高的使用率。

Q1 2024 Ethereum Restaked

Increasingly more ETH Liquid Restaking protocols appear on the market, growing by 36% on Eigen Layer in Q1 and reaching 4.3 M restaked ETHs, whereas EthereFi is the most extensive LRT protocol, with 52.6%.

2024 年第一季度以太坊重新抵押市场上出现了越来越多的 ETH Liquid 重新抵押协议，第一季度 Eigen Layer 增长了 36%，重新抵押的 ETH 达到 430 万个，而 EthereFi 是最广泛的 LRT 协议，占 52.6%。

Ethereum Burn Rate in Q1 2024

The Ethereum network removed 113.1K ETH from circulation in Q1, whereby 333.6K were burned, and only 270.5K were emitted. Compared to Q4 2023, where 90.2K were burned in only one month, in Q1, things are different, where the average burning rate is 111,2K.

2024 年第一季度以太坊销毁率以太坊网络在第一季度从流通中删除了 113.1K ETH，其中 333.6K 被销毁，仅释放了 270.5K。与 2023 年第四季度仅一个月内燃烧了 90.2K 相比，第一季度情况有所不同，平均燃烧率为 111.2K。

Moreover, the most significant one-day burn was registered on March 5, when 9.834 ETHs were burned. In the rest, the ETH transfers burned the most in Q1, at 25.7K ETH.

此外，最严重的一日销毁发生在 3 月 5 日，当时销毁了 9.834 个 ETH。其余方面，第一季度 ETH 转账销毁量最高，为 25.7K ETH。

The Layer 2’s Adoption in Q1 2024

The Layer 2 network witnessed over 900.7M transactions in Q1, 2024, and opBNB was the largest L2, with 46% or 414.1M of all L2 transactions. On a Quarter-on-Quarter analysis, the L2 trades increased by 39.4%, meaning 900.7M, compared to 646.3M in Q4, 2023, as only 1.3B L2 trades were in total last year.

2024 年第 1 季度第 2 层的采用第 2 层网络在 2024 年第 1 季度见证了超过 9.007 亿笔交易，opBNB 是最大的 L2，占所有 L2 交易的 46% 或 4.141 亿笔。根据季度环比分析，L2 交易量增长了 39.4%，即 9.007 亿笔，而 2023 年第四季度为 6.463 亿笔，去年 L2 交易总数仅为 1.3B。

However, Linea overthrew Arbitrum, becoming the second most active Ethereum L2, with 125.5% growth on QoQ, or 63.3M transactions in Q1.

然而，Linea 推翻了 Arbitrum，成为第二活跃的以太坊 L2，环比增长 125.5%，第一季度交易量达到 6330 万笔。

The State of Solana in Q1 2024

SOL Price vs. Trading Volume

In the past year, we have witnessed Solana’s resurrection, from a 10x gain in 2023 and Q4 with a 374% price increase to 2x in Q1 2024, or 100.1%, skyrocketing above $200.

2024 年第一季度 Solana 的状况SOL 价格与交易量在过去的一年里，我们见证了 Solana 的复苏，从 2023 年和第四季度的 10 倍增长 374% 到 2024 年第一季度的 2 倍，即 100.1%，飙升至 200 美元以上。

When discussing the average trading volume, it almost doubled, thus reaching $3.8B in Q1 from $2.0B in Q4 2023, marking a 92.8% on a QoQ analysis. One of the reasons behind Solana’s success is the memecoin hype and airdrops, besides the high on-chain activity, causing network congestion in March.

在讨论平均交易量时，其平均交易量几乎翻了一番，从 2023 年第四季度的 $2.0B 达到第一季度的 $3.8B，环比分析为 92.8%。 Solana 成功背后的原因之一是 memecoin 的炒作和空投，以及链上活动的高涨，导致 3 月份网络拥堵。

However, things were always this great, and in February this year, the Solana network faced a 5-hour outage, similar to what happened in February last year when the network was down for almost 19 hours. Luckily for the network, SOL’s price wasn’t impacted.

然而，事情总是这么美好，今年 2 月，Solana 网络面临了 5 小时的中断，与去年 2 月发生的情况类似，当时网络中断了近 19 小时。对于网络来说幸运的是，SOL 的价格没有受到影响。

Solana Memecoin Hype in Q1 2024

For naysayers, the memecoin craze is real and has the results to prove it. As such, the market cap of 10 SOL memecoins increased by 801.5%, or $8.3B, ending the first quarter of 2024 at $9.36B.

2024 年第一季度的 Solana Memecoin 炒作对于反对者来说，memecoin 热潮是真实存在的，并且有结果证明这一点。因此，10 个 SOL memecoin 的市值增长了 801.5%，即 $8.3B，截至 2024 年第一季度为 $9.36B。

Moreover, WIF overthrew BONK, becoming one of the largest SOL memecoins. As such, only BONK and SAMO existed before Q4 2023. If you didn’t know, BONK was quickly endorsed, thus becoming the number 1 memecoin by market cap after its December 2022 launch, which WIF flipped in March.

而且，WIF推翻了BONK，成为最大的SOL模因币之一。因此，在 2023 年第四季度之前，只有 BONK 和 SAMO 存在。如果您不知道，BONK 很快就得到了认可，从而在 2022 年 12 月推出后成为市值排名第一的 memecoin，并于 3 月份被 WIF 翻转。

The DeFi Analysis in Q1 2024

Let’s see what we knew about the DeFi market in 2023: the first three-quarters of the market cap stagnated to change in Q4 due to bullish market sentiment, overcoming the total crypto market cap by 128,8%.

2024年第一季度的 DeFi 分析让我们看看我们对 2023 年 DeFi 市场的了解：由于看涨的市场情绪，前三季度的市值在第四季度停滞不前，超过加密货币总市值 128.8%。

The beginning of Q1 2024 seemed poised to a great start, yet Bitcoin and memecoin hype stole the thunder, yet it still had a 49.1% increase.

2024 年第一季度伊始，似乎迎来了一个良好的开端，但比特币和 memecoin 的炒作抢了风头，但仍实现了 49.1% 的增长。

Furthermore, the DeFi market saw a spike in mid-February, reaching $90.3B, resulting in a rebound to 4.4% after a prior plunge of 4%. Afterward, it managed to reach its glorious peak at $122B. The coincidence is that BTC reached its all-time high before Ethereum’s Dencun update.

此外，DeFi 市场在 2 月中旬出现飙升，达到 $90.3B，继之前暴跌 4% 后反弹至 4.4%。随后，它成功达到了 $122B 的辉煌顶峰。巧合的是，BTC 在以太坊 Dencun 更新之前就达到了历史新高。

DeFi Multichain Market Share in Q1 2024

The DeFi multichain TVL continued to climb back up after last year’s surging by 78% or $83B to $147B in Q1, 2024, due to the increased interest in airdrop and memecoins. The Ethereum growth continued up to 70%, meaning an additional $47B due to its restaking narrative led by the EigenLayer.

2024 年第一季度 DeFi 多链市场份额 由于对空投和 memecoin 的兴趣增加，2024 年第一季度 DeFi 多链总锁定价值在去年飙升 78%（即 $83B）至 $147B 后继续攀升。以太坊的增长继续高达 70%，这意味着由于 EigenLayer 主导的重新抵押叙事，额外增加了 47B 美元。

Solana’s memecoin success pulled another 4% of the multichain TVL since last year’s 1%. As such, with a 5% TVL share, SOL managed to surpass BNB Smart Chain behind Tron and Ethereum.

自去年 1% 以来，Solana 的 memecoin 成功使多链 TVL 又增加了 4%。因此，SOL 凭借 5% 的 TVL 份额，成功超越 BNB 智能链，落后于 Tron 和以太坊。

As you can see, Base and Blast, the Layer-2 networks, managed to catch up with other L2s like Optimism and Arbitrum, closing the quarter with $1.2B and $1.4B.

如您所见，第 2 层网络 Base 和 Blast 成功赶上了 Optimism 和 Arbitrum 等其他 L2 网络，本季度结束时收入为 $1.2B 和 $1.4B。

The DeFi Ecosystem in Q1 2024

Among the biggest winners of the first quarter of 2024 was the restocking protocol, which had a massive increase of 1.068% in TLV. Liquid staking was the prominent leader, despite the total staked ETH accounting for only 10.7% of the past quarter, as most of TLV gain came from ETH’s price appreciation of 59.8%.

2024年第一季度的DeFi生态系统 2024年第一季度最大的赢家是补货协议，TLV大幅增长1.068%。尽管 ETH 质押总量仅占上一季度的 10.7%，但流动性质押仍是显着的领先者，因为 TLV 的大部分收益来自 ETH 59.8% 的价格升值。

The State of NFTs in Q1 2024

NFT Trading Volume Across 10 Chains in Q1 2024

In the past years, the NFT trading volume has fluctuated, and in Q4 2023, it has finally rebounded. However, in Q1 2024, the NFT market continued to recover due to Bitcoin’s and Solana’s NFT interest and its trading volume growing by 51.5%.

2024年第一季度NFT的状况 2024年第一季度10条链的NFT交易量 过去几年，NFT交易量一直在波动，在2023年第四季度，终于有所反弹。然而，2024 年第一季度，由于比特币和 Solana 对 NFT 的兴趣，NFT 市场继续复苏，交易量增长了 51.5%。

Even though January started with a 20.7% decrease in trading volume, the NFT trading volume rose by 51.5% across 10 chains by the end of the first quarter. Therefore, from $3.2B in Q4 2023, it climbed to $4.9B in Q1 2024.

尽管 1 月份开始交易量下降了 20.7%，但截至第一季度末，10 个链上的 NFT 交易量增长了 51.5%。因此，从 2023 年第四季度的 $3.2B 攀升至 2024 年第一季度的 $4.9B。

The longstanding battle between Ethereum’s NFT and Bitcoin and Solana’s NFTs is still real, as ETH is still recovering with over $2.2B traded, while the other two are still lavished with great interest.

以太坊的 NFT 与比特币以及 Solana 的 NFT 之间的长期斗争仍然真实存在，因为 ETH 仍在复苏，交易量超过 2.2B 美元，而其他两者仍然受到极大的关注。

However, with the Bitcoin halving on our minds and the launch of Runes, BTC NFT share has reached 36.6% in March from 26.8% in January, again surpassing Ethereum by $735M trading volume.

然而，随着比特币减半和 Runes 的推出，BTC NFT 份额从 1 月份的 26.8% 上升到 3 月份的 36.6%，再次以 7.35 亿美元的交易量超过以太坊。

Another gainer was Polygon, which impressively reached $105M in trading volume due to the launch of the NFT game Gas Hero. Yet, the trading volume plummeted by 88% to $12.7M at the end of Q1.

另一个上涨者是 Polygon，由于 NFT 游戏 Gas Hero 的推出，其交易量令人印象深刻地达到了 1.05 亿美元。然而，第一季度末交易量暴跌 88% 至 1270 万美元。

NFT Trading Volume by Platform in Q1 2024

Blur remained the leading marketplace in Q1 2024, with NFTs trading over $1.5B, thus increasing its market share by just a few points to 27.6%. Yet it was downthrown by the Magic Eden due to the introduction of Diamond rewards and the launch of a royalty-enforced ETH marketplace with Yuga Labs.

2024 年第一季度按平台划分的 NFT 交易量 Blur 仍然是 2024 年第一季度的领先市场，NFT 交易量超过 $1.5B，因此其市场份额仅增加了几个百分点，达到 27.6%。然而，由于引入了钻石奖励以及与 Yuga Labs 一起推出了版税强制的 ETH 市场，它被 Magic Eden 推翻了。

However, things weren’t so bright for the NFTs trading on OKX, and as a result, it dropped by 73.3%, barely reaching $128M at the end of Q1. Its monthly volume also decreased from 37.6% to 9.5%.

然而，OKX 上交易的 NFT 的情况并不那么乐观，第一季度末，其交易额下降了 73.3%，勉强达到 1.28 亿美元。其月成交量也从37.6%下降至9.5%。

Among the NFT gainers was MOOAR, which became the top NFT marketplace on Polygon, with $97M in trading volume.

NFT 的赢家之一是 MOOAR，它成为 Polygon 上最大的 NFT 市场，交易量为 9700 万美元。

Top Crypto Exchanges Trading Volumes in Q1 2024

Q1 2024 10 Spot CEX Trading Volume

If, in the last two quarters of 2023, the crypto exchange trading volume increased by 53.1% on a QoQ analysis. In Q1 2024, the spot CEX trading volume hit $4.3T, the highest since 2021, and marks a 95.3% growth. Also, this growth coincides with the last BTC ATH.

2024 年第一季度顶级加密货币交易所交易量 Q1 2024 10 现货 CEX 交易量 根据环比分析，2023 年最后两个季度，加密货币交易所交易量增长了 53.1%。 2024年第一季度，CEX现货交易量达到4.3T美元，创2021年以来最高，增长95.3%。此外，这一增长与上一次 BTC ATH 一致。

As always, Binance remained dominant within the spot CEX sector, especially after a troubled 2023, increasing by 122.3%, or $1.4T. On the other hand, MEXC also suffered, mainly because crypto investors and traders focused more on BTC than smaller cap coins, which is MEXC’s specialty.

与往常一样，币安在现货 CEX 领域仍然占据主导地位，尤其是在经历了困难重重的 2023 年之后，币安增长了 122.3%，即 1.4 吨。另一方面，MEXC 也遭受了损失，主要是因为加密货币投资者和交易者更关注 BTC，而不是 MEXC 的专长——小盘币。

Q1 2024 10 Spot DEX Trading Volume

Solana DEXs led the first quarter of this year, which grew massively by 78.4% on QoQ, recording a total of $357.6B in spot trading. Moreover, March was the best month, which accounted for $190B in volume since November 2021.

2024 年第一季度 10 现货 DEX 交易量今年第一季度 Solana DEX 领先，环比大幅增长 78.4%，现货交易总额达 $357.6B。此外，3 月份是最好的月份，自 2021 年 11 月以来成交量达到 $190B。

When discussing Solana DEXs, Raydium was the most significant gainer, with 352.6% or $17.1B, grabbing a 9% market share in March. Followed closely, Orca grew by 202.9%, meaning $27.1B QoQ, with a 12% market share.

在讨论 Solana DEX 时，Raydium 涨幅最大，涨幅为 352.6%，即 $17.1B，在 3 月份占据了 9% 的市场份额。紧随其后的是 Orca，增长率为 202.9%，即环比增长 27.1B 美元，市场份额为 12%。

Challenges of The Crypto Market in 2024

Most notably, the crypto surge could be attributed to Bitcoin’s exceeding its ATH and reaching new grounds on top of the most awaited regulatory landmark, ETF approvals, and other tech advancements, leading to a 2024 crypto bubble.

2024 年加密市场的挑战最值得注意的是，加密货币激增可能归因于比特币超过了其 ATH，并在最受期待的监管里程碑、ETF 批准和其他技术进步之上达到了新的水平，从而导致了 2024 年的加密泡沫。

On the bright side, the approval of spot BTC ETFs was anticipated by one of the year’s most meaningful events, the Bitcoin halving, which had the sole purpose of reducing the BTC supply, thus increasing its value.

从好的方面来看，今年最有意义的事件之一——比特币减半预计会批准现货 BTC ETF，减半的唯一目的是减少 BTC 供应，从而增加其价值。

But this isn’t all, as new crypto regulations are posing as disruptors within the market, which is understandable after a tumultuous 2022, which still lingered in 2023.

但这还不是全部，因为新的加密货币法规正在成为市场的颠覆者，在经历了 2022 年的动荡之后，这是可以理解的，而这种动荡在 2023 年仍然挥之不去。

1. New Crypto Regulations

Let’s discover SEC’s regulatory agenda and some of the latest changes and proposals within the crypto space so that you can know what to expect.

1. 新的加密货币法规让我们了解 SEC 的监管议程以及加密货币领域的一些最新变化和建议，以便您了解会发生什么。

Qualified Custodianship

Just as the name says, though qualified custodianship, the SEC requires financial investors and consultants to safeguard customers’ assets outside of the traditional crypto exchanges.

合格托管正如其名称所示，虽然合格托管，但 SEC 要求金融投资者和顾问在传统加密货币交易所之外保护客户的资产。

Regulated Exchanges

Here’s another spin that could put the crypto market in its head, especially the DeFi sector: SEC is expanding the definition of the fully regulated exchange to constrain crypto entities to reach a higher level of accountability.

受监管的交易所这是另一个可能让加密货币市场（尤其是 DeFi 领域）陷入困境的说法：SEC 正在扩大完全受监管交易所的定义，以限制加密货币实体达到更高水平的问责制。

New Stablecoin Regulation

The US Congress is pondering a new stablecoin regulation as part of a broader financial package.

新的稳定币监管美国国会正在考虑一项新的稳定币监管，作为更广泛的金融计划的一部分。

2. Social and Romance Crypto Scams

As seen already, crypto thieves and bad actors are finding new ingenious ways of scamming users, and this time, they are using psychology through fake romances or emergency financial requests.

2.社交和浪漫加密货币诈骗正如我们所见，加密货币窃贼和坏人正在寻找新的巧妙方法来欺骗用户，而这一次，他们通过虚假浪漫或紧急财务请求来利用心理学。

Besides these, there’s also the good old SMS scam, which these days is even enhanced by the power of AI to fake an emergency and create an excellent opportunity to ask for funds regarding any social encounter as a giveaway.

除此之外，还有古老的短信骗局，如今，人工智能的力量甚至增强了这种骗局，可以伪造紧急情况，并创造一个绝佳的机会，可以将任何社交活动作为赠品索要资金。

Moreover, brands could increase the identity verification layer, even though it could be daunting for users, as seen in some platforms that don’t require anything upon signing in.

此外，品牌可以增加身份验证层，尽管这对用户来说可能令人望而生畏，正如在某些登录时不需要任何信息的平台中所看到的那样。

3. Anti-Money Laundering Sanctions on Crypto Bridges

Here’s another aspect of crypto transactions, which are used to the geopolitical views of some. As a result, in 2023, the sanctioned companies accounted for $14.9 billion in transaction volume, meaning 61.5% of all illicit transactions measured during that year.

3.加密桥上的反洗钱制裁这是加密交易的另一个方面，这已经习惯了一些人的地缘政治观点。因此，到 2023 年，受制裁公司的交易额达到 149 亿美元，占当年所有非法交易的 61.5%。

Therefore, you can understand the gravity of these actions within the crypto bridges, which could further deepen the challenges of many businesses operating within the crypto market.

因此，您可以了解加密桥内这些行为的严重性，这可能会进一步加深许多在加密市场运营的企业面临的挑战。

How to Overcome the Challenges of 2024 

2024 could be the year of a new collaboration between the crypto landscape and the financial regulatory bodies, which could tie things together and cater to the broader adoption of cryptocurrencies.

如何克服 2024 年的挑战 2024 年可能是加密领域和金融监管机构之间进行新合作的一年，这可以将一切联系在一起并满足加密货币更广泛的采用。

The Importance of Transparency and Education in Crypto

As always, crypto education and transparency are the main ingredients of bridging the gap between crypto regulatory bodies and users, and with the help of crypto educational guides and reviews, anyone can keep up-to-date and informed, which could only benefit both parties.

加密货币透明度和教育的重要性一如既往，加密货币教育和透明度是弥合加密货币监管机构和用户之间差距的主要因素，在加密货币教育指南和评论的帮助下，任何人都可以了解最新信息，这对双方都有利。

Crypto Asset Diversification

Be sure to diversify your asset portfolio from BTC to ETH or even other small-cap coins that could have the potential to break big. However, check out the market sentiment and mitigate potential downfalls before jumping into the water.

加密资产多元化请务必将您的资产组合多元化，从 BTC 到 ETH，甚至其他可能有潜力突破大盘的小盘币。然而，在跳入水中之前，请检查市场情绪并减轻潜在的下跌。

Embracing Crypto Tools

Embracing crypto tools could be the one-way ticket to safeguarding your assets and making informed decisions through crypto trading tools, tax software, DEX screeners, etc.

拥抱加密工具拥抱加密工具可能是保护您的资产并通过加密交易工具、税务软件、DEX 筛选器等做出明智决策的单程票。

Final Thoughts

As we’ve reached the end of this comprehensive Q1 2024 crypto report, it has brought the light you much needed to navigate the stormy sea that the crypto market has become.

最后的想法当我们完成这份全面的 2024 年第一季度加密货币报告时，它为您带来了在加密货币市场的惊涛骇浪中航行所需的光明。

Of course, our advice will always be to check it for yourself and be a self-thought-out and eager learner, as there are so many facets of crypto you can discover daily.

当然，我们的建议始终是亲自检查并成为一个自我思考和热心学习的人，因为您每天都可以发现加密货币的许多方面。

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