Web3, Blockchain & Crypto Weekly Report
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Welcome to your go-to source for all things Web3, Blockchain and Crypto! Our Weekly report dives into the freshest updates and game-changing developments in the fast-paced world. We curate the best data from trusted sources to keep you ahead of the curve. Ready to stay informed and inspired? Let’s explore the latest trends and insights together!
1. Web3, Blockchain & Crypto Breaking News This Week
Here are this week’s major breaking news reports, related to the Web3, Blockchain and crypto world, that you should never miss.
- NY Attorney General Sues Crypto Companies for Fraud
New York Attorney General Letitia James sues NovaTechFx and AWS Mining, alleging illegal pyramid schemes that defrauded over 11,000 individuals and investors, causing losses exceeding a billion dollars in cryptocurrency.
- Creditors Object to FTX Reorganisation Plan
Creditors of bankrupt cryptocurrency exchange FTX object to its reorganisation plan, citing issues with property rights, the best interest test, and inconsistent debtors liquidation analysis. The objection was highlighted by FTX creditor activist Sunil Kavuri.
- Andrew Tate’s Meme Coins Disrupt Solana Market
Andrew Tate-inspired meme coins trend on DEXScreener, quickly amassing hundreds of millions of dollars. Tate confirms his attempt to crash Solana, causing chaos in the crypto market.
- SEC Chair Gensler Delays Spot Ethereum ETFs
SEC Chair Gray Gensler raises concerns over unethical conduct in crypto exchanges. He maintains in a recent interview that the introduction of spot Ethereum ETFs will need more time.
- Cardano Founder Defends Network’s Fundamentals
Cardano founder Charles Hoskinson refutes claims of weak fundamentals, criticising media for negative portrayals. He asserts that Cardano’s progress contrasts starkly with the media’s depiction.
- Robinhood to Acquire Bitstamp for $200 Million
Trading platform Robinhood plans to buy cryptocurrency exchange Bitstamp in an all-cash deal valued at $200 million. The acquisition aims to expand Robinhood’s crypto presence and attract institutional clients.
- Lawmakers Urge Biden to Help Detained Binance Executive
U.S. lawmakers call on President Joe Biden to intervene in the detention of Tigran Gambaryan, a Binance executive held by Nigerian authorities for nearly three months. They demand immediate action, treating it as a hostage crisis.
- Thailand Approves First Bitcoin ETF for Wealthy Investors
Thailand’s SEC approves One Asset Management to launch the country’s first Bitcoin ETF, available exclusively to wealthy and institutional investors. The ETF invests in 11 prominent global funds.
- Bitpanda and Deutsche Bank Partner for Real-Time Payments
Austrian crypto broker Bitpanda partners with Deutsche Bank to enable real-time payment solutions in Germany. Through API integration, Bitpands will access German IBAN accounts, streamlining user transactions.
- Watford FC Offers Equity on Crypto Platforms
Watford Football Club plans to sell 10% of its equity to investors, including fans, via crypto and startup investment platforms Republic and Seedrs. This initiative aims to engage supporters and raise funds.
- Americans Turning to Bitcoin Amid Geopolitical Tensions
A Harris Poll survey, funded by Bitcoin ETF issuer Grayscale, shows increasing numbers of American voters considering Bitcoin as a hedge against geopolitical tensions and inflation. One in three voters will consider candidates’ stances on cryptocurrencies.
2. Blockchain Weekly Analysis
The blockchain weekly analysis primarily covers the blockchain dominance analysis and the blockchain 7-day change analysis. In order to bring more clarity, the Layer 1 chains and Layer 2 chains are analysed separately.
2.1. Blockchain Dominance Analysis
Ethereum, TRON, BNB Smart chain, Solana, and Arbitrum One are the top five blockchains as per dominance and TVL.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 1:59 AM (GMT-4)]| Blockchains | Dominance | TVL |
| Ethereum | 64.07% | $66,389,145,462 |
| TRON | 8.38% | $8,681,768,450 |
| BNB Smart Chain | 5.64% | $5,840,828,974 |
| Solana | 4.61% | $4,774,373,036 |
| Arbitrum One | 3.08% | $3,190,925,020 |
| Others | 14.22% |
Among the top five chains, Ethereum dominates with 64.07%. TRON and BNB Smart Chain follow with 8.38% and 5.64%, respectively. Ethereum marks a TVL of $66,389,145,462. TRON and BNB Smart Chain record $8,681,768,450 and $5,840,828,974 TVL, respectively.
2.1.1. Top Five Layer 1 Chains By Dominance
Ethereum, BNB Smart Chain, Solana, Bitcoin and Avalanche are the top five Layer 1 Blockchains by dominance and TVL.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:07 AM (GMT-4)]| Layer 1 Blockchains | Dominance | TVL |
| Ethereum | 81.13% | $66,329,231,344 |
| BNB | 7.08% | $5,784,982,113 |
| Solana | 5.85% | $4,781,612,203 |
| Bitcoin | 1.46% | $1,193,274,320 |
| Avalanche | 1.08% | $886,652,239 |
| Others | 3.40% |
Among the top five Layer 1 chains, Ethereum dominates with 81.13%. BNB and Solana follow with 7.08% and 5.85%, respectively. Ethereum has the highest TVL of $66,329,231,344. BNB and Solana follow with $5,784,982,113 and $4,781,612,203, respectively.
2.1.2. Top Five Layer 2 Chains By Dominance
Arbitrum One, Blast, Base, Polygon POS, and Optimism are the top five Layer 2 Blockchains on the basis of dominance and Total Value Locked.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:10 AM (GMT-4)]| Layer 2 Blockchains | Dominance | TVL |
| Arbitrum One | 28.72% | $3,185,688,673 |
| Blast | 20.47% | $2,270,612,614 |
| Base | 15.73% | $1,744,364,297 |
| Polygon POS | 8.80% | $976,541,196 |
| Optimism | 7.53% | $834,930,260 |
| Others | 18.75% |
Among the top five Layer 2 chains, Arbitrum has the highest dominance of 28.72%. Blast and Base closely follow with 20.47% and 15.73%, respectively. Arbitrum One has the highest TVL of $3,185,688,673. Blast and Base follow with $2,270,612,614 and $1,744,364,297, respectively.
2.2. Blockchain 7-Day Change Analysis
Let’s analyse the top five Layer 1 chains using the 7-day change index.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:21 AM (GMT-4)]| Layer 1 Blockchains | 7-Day Change |
| Ethereum | +2.8% |
| BNB | +8.0% |
| Solana | -0.2% |
| Bitcoin | +3.2% |
| Avalanche | -5.0% |
Among the Layer 1 blockchains, at least three show positive 7-day change. BNB marks the highest change of +8.0%. Bitcoin and Ethereum follow with +3.2% and +2.8%, respectively. Conversely, Avalanche displays a negative change of -5.0%, and Solana registers a minimal negative change of -0.2%.
Let’s analyse the top five Layer 2 chains using the 7-day change index.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:23 AM (GMT-4)]| Layer 2 Blockchains | 7-Day Change |
| Arbitrum One | +3.1% |
| Blast | +2.0% |
| Base | +1.7% |
| Polygon POS | +2.8% |
| Optimism | +0.3% |
All the Layer 2 blockchains show a positive 7-day change. Arbitrum One records the highest change of +3.1%. Polygon POS and Blast closely follow with +2.8% and +2.0%, respectively. Base registers a change of +1.7%, and Optimism reports a minimal positive change of +0.3%.
Also Read: Blockchain Monthly Report For May 2024: All You To Need To Know To Stay Ahead
3. Cryptocurrency Weekly Analysis
The cryptocurrency weekly analysis covers a wide range of analysis from the general cryptocurrency market cap analysis and the top gainers and losers analysis to the Stablecoin, Memecoin, AI Coins and Metaverse Coins analysises.
3.1. Top Cryptocurrency Categories By Market Cap
Layer 1 (LI), Smart Contract Platform, Andreessen Horowitz Portfolio, Multicoin Capital Portfolio, and Alameda Research Portfolio are the top five cryptocurrency categories by Market Cap. The Layer 1 (L1) category, with $2,189,424,328,641 market cap, is the one with the highest market cap. The Smart Contract Platform category follows with a $797,526,071,177 market cap.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:28 AM (GMT-4)]| Crypto Categories | Market Cap | 7-Day Change |
| Layer 1 (L1) | $2,189,424,328,641 | +4.4% |
| Smart Contract Platform | $797,526,071,177 | +4.2% |
| Andreessen Horowitz (a16z) Portfolio | $629,913,218,767 | +1.8% |
| Multicoin Capital Portfolio | $585,970,584,300 | N/A |
| Alameda Research Portfolio | $576,269,672,044 | +2.0% |
All the major crypto categories show a positive 7-day change. Layer 1 (L1) has the highest 7-day change of +4.4%. Smart Contract Platform closely follows with +4.2%. Alameda Research Portfolio and Andreessen Horowitz (a16z) Portfolio report +2.0% and +1.8%, respectively.
3.1.1. Trending Categories This Week
Base Meme, PolitiFI, Cat-Themed, Frog-Themed, Strategy Games, and Internet of Things (IOT) are the top six trending categories this week.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Trending Categories | Market Cap |
| Base Meme | $2,460,016,190 |
| PolitiFI | $1,703,469,186 |
| Cat-Themed | $2,673,450,848 |
| Frog-Themed | $8,415,191,190 |
| Strategy Games | $257,276,851 |
| Internet of Things (IOT) | $7,455,301,823 |
Among the trending categories, the Frog-Themed category has the highest market cap of $8,415,191,190. The category of Internet of Things (IOT) follows closely with $7,455,301,823. Conversely, Strategy Games has the lowest market cap of $257,276,851.
3.2. Top Cryptocurrencies By Market Cap
Bitcoin, Ethereum, Tether, BNB, and Solana are the top five cryptocurrencies by market cap. Bitcoin has the highest market cap of $1,403,190,110,920. Etheruem follows with a market cap of $457,933,361,461.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Cryptocurrencies | Market Cap | 7-Day Change |
| Bitcoin | $1,403,190,110,920 | +4.0% |
| Ethereum | $457,933,361,461 | +1.8% |
| Tether | $112,281,133,223 | -0.0% |
| BNB | $108,568,348,855 | +19.1% |
| Solana | $79,127,150,522 | +3.5% |
All the major cryptos show a positive 7-day change. BNB records the highest 7-day change of +19.1%. Bitcoin and Solana follow with +4.0% and +3.5%, respectively. Ethereum registers a change of +1.8%.
3.2.1. Trending Coins This Week
MANTRA, GALA, MAGA Hat, Planet IX, and OctaSpace are the most trending cryptocurrencies at the time of preparing this analysis.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:46 AM (GMT-4)]| Trending Cryptocurrencies | Market Cap |
| MANTRA | $779,386,388 |
| GALA | $1,600,024,761 |
| MAGA Hat | $109,068,843 |
| Planet IX | $50,344,685 |
| OctaSpace | $57,007,169 |
Among the trending cryptos, GALA has the highest market cap of $1,600,024,761. MANTRA and MAGA Hat follow with $779,386,388 and $109,068,843, respectively. Conversely, Planet IX, with $50,344,685, has the lowest market cap. OctaSpace follows with $57,007,169.
3.2.2. Top Gainers & Losers This Week
GME, Basenji, Undeads Games, Beercoin and Base God are the top gainers of the week as per the 7-day gain index.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:50 AM (GMT-4)]| Top Gainers | 7-Day Gain |
| GME | 647.2% |
| Basenji | +248.7% |
| Undeads Games | +225.2% |
| Beercoin | +177.4% |
| Base God | +91.2% |
GME has the highest 7-day change of 647.2%. Basenji and Undeads Games follow with +248.7% and +225.2%, respectively. Beercoin and Base mark +177.4% and +91.2% 7-day gain, respectively.
Lifeform, NEM, Waves, OMG Network and MANEKI are the top losers of the week as per the 7-day loss index.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:55 AM (GMT-4)]| Top Losers | 7-Day Loss |
| Lifeform | -44.0% |
| NEM | -39.8% |
| Waves | -39.3% |
| OMG Network | -36.6% |
| MANEKI | -33.2% |
Lifeform has the highest 7-day loss of -44.0%. NEM and Waves follow with -39.8% and -39.3%, respectively. OMG Network and MANEKI register -36.6% and -33.2%, respectively.
3.3. Top Stablecoins Analysis
Tether, USDC, Dai, Ethena USDe, and First Digital USD are the top five stablecoins as per market cap.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:07 AM (GMT-4)]| Stablecoins | Market Cap |
| Tether | $112,456,988,338 |
| USDC | $32,559,591,922 |
| Dai | $5,261,827,701 |
| Ethena USDe | $3,233,199,303 |
| First Digital USD | $2,951,621,799 |
Among the top stablecoins, Tether has the highest market cap of $112,456,988,338. USDC follows with a $32,559,591,922 market cap. Dai and Ethena USDe register $5,261,827,701 and $3,233,199,303 market cap, respectively. First Digital USD records a market cap of $2,951,621,799.
Also Check Out: Stablecoin Performance and Analysis May Update: An In-depth Monthly Report
3.4. Top Memecoins 7-Day Change Analysis
Dogecoin, Shiba Inu, Pepe, dogwifhat, and FLOKI are the top five Memecoins as per market cap. Dogecoin has the highest market cap of $23,353,726,020. Shiba Inu and Pepe follow with $14,896,831,815 and $6,061,873,304 market cap, respectively.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:09 AM (GMT-4)]| Memecoins | Market Cap | 7-Day Change |
| Dogecoin | $23,353,726,020 | +1.3% |
| Shiba Inu | $14,896,831,815 | -2.2% |
| Pepe | $6,061,873,304 | -1.0% |
| dogwifhat | $3,294,724,391 | -2.9% |
| FLOKI | $3,012,737,598 | +25.0% |
Among the top Memecoins, only two coins show a positive 7-day change. FLOKI reports an impressive 7-day change of +25.0%. Dogecoin follows with a minimal change of +1.3%. Conversely, dogwifhat and Shiba Inu report -2.9% and -2.2% change, respectively. Pepe marks a minimal negative change of -1.0%.
3.5. Top AI Coins 7-Day Change Analysis
NEAR Protocol, Internet Computer, Fetch.ai, Render, and Bittensor are the top five AI Coins as per market cap. NEAR Protocol has the highest market cap of $8,044,387,303. Internet Computer and Fetch.ai closely follow with $5,588,676,977 and $5,137,865,736 market cap, respectively.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:14 AM (GMT-4)]| AI Coins | Market Cap | 7-Day Change |
| NEAR Protocol | $8,044,387,303 | +2.1% |
| Internet Computer | $5,588,676,977 | +1.7% |
| Fetch.ai | $5,137,865,736 | -6.5% |
| Render | $4,046,994,329 | +3.8% |
| Bittensor | $2,929,555,949 | +9.8% |
Among the top AI coins, only one shows a negative 7-day change; Fetch.ai displays a change of -6.5%. Bittensor has the highest 7-day positive change of +9.8%. Render, NEAR Protocol and Internet Computer follow with +3.8%, +2.1% and +1.7%, respectively.
3.6. Top Metaverse Coins 7-Day Change Analysis
Render, FLOKI, Axie Infinity, The Sandbox, and Decentraland are the top five Metaverse Coins on the basis of market cap. Render has the highest market cap of $4,042,207,103. FLOKI, Axie Infinity, and The Sandbox closely follow with $3,007,267,903, $1,222,799,895, and $1,066,651,856 market cap, respectively.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:18 AM (GMT-4)]| Metaverse Coins | Market Cap | 7-Day Change |
| Render | $4,042,207,103 | +3.9 |
| FLOKI | $3,007,267,903 | +24.9 |
| Axie Infinity | $1,222,799,895 | +13.7 |
| The Sandbox | $1,066,651,856 | +8.4 |
| Decentraland | $878,198,238 | +6.4 |
All the top Metaverse Coins show a positive 7-day change. FLOKI shows the highest 7-day change of +24.9%. Axie Infinity and The Sandbox follow with +13.7% and +8.4%, respectively. Decentraland and Render report +6.4% and +3.9%, respectively.
4. Crypto ETF Weekly Analysis
The crypto ETF weekly analysis covers Bitcoin Spot ETFs, Bitcoin Futures ETFs, and Ethereum Futures ETFs.
4.1. Bitcoin Spot ETF Price Change Analysis
GBTC, IBIT, FBTC, ARKB and BITB are the top five Bitcoin Spot ETFs based on Asset Under Management. GBTC marks the highest AUM of $24.33B. IBIT closely follows with an AUM of $17.24B.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:24 AM (GMT-4)]| Bitcoin Spot ETFs | Price | Change | AUM |
| Grayscale (GBTC) | $62.63 | -1.14% | $24.33B |
| BlackRock (IBIT) | $40.16 | -1.25% | $17.24B |
| Fidelity (FBTC) | $61.65 | -1.17% | $9.90B |
| Ark/21 Shares (ARKB) | $70.47 | -1.19% | $2.85B |
| Bitwise (BITB) | $38.43 | -1.18% | $2.16B |
Among the top Bitcoin Spot ETFs, none show a positive change. IBIT displays the highest negative change of -1.25%. ARKB and BITB follow with -1.19% and -1.18%, respectively. FBTC and GBTC report -1.17% and -1.17%, respectively.
4.2. Bitcoin Futures ETF Price Change Analysis
BITO, XBTF, BTF, BITS, and ARKA are the top five Bitcoin Futures ETFs as per Asset Under Management. BITO has the highest AUM of $598.78M. XBTF follows with $42.41M AUM.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:30 AM (GMT-4)]| Bitcoin Futures ETFs | Price | Change | AUM |
| ProShares (BITO) | $26.64 | -1.22% | $598.78M |
| VanEck (XBTF) | $39.22 | +0.33% | $42.41M |
| Valkyrie (BTF) | $21.54 | -1.73% | $38.20M |
| Global X (BITS) | $72.36 | +1.94% | $26.10M |
| Ark/21 Shares (ARKA) | $67.42 | -0.69% | $8.01M |
Among the Bitcoin Futures ETFs, at least two ETFs show a positive change; BITS and XBTF mark +1.94% and +0.33%, respectively. Conversely, BTF has the highest negative change of -1.73%. BITO and ARKA follow with -1.22% and -0.69%, respectively.
4.3. Ethereum Futures ETF Price Change Analysis
BITW, BTF, EFUT, and EETH are the top four Ethereum Futures ETFs based on Asset Under Management. BITW has the highest AUM of $478.00M. BTF follows with $25.93M AUM.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:33 AM (GMT-4)]| Ethereum Futures ETFs | Price | Change | AUM |
| Bitwise (BITW) | $38.00 | -0.52% | $478.00M |
| Valkyrie (BTF) | $21.54 | -1.73% | $25.93M |
| VanEck (EFUT) | $29.27 | -1.96% | $7.84M |
| ProShares (EETH) | $79.92 | -2.31% | $6.43M |
Among the Ethereum Futures ETFs, none show a positive change. EETH reports the highest negative change of -2.31%. EFUT and BTF follow with -1.96% and -1.73%, respectively. BITW has the lowest negative change of -0.52%.
5. DeFi Protocols Weekly Analysis
Lido, EigenLayer, AAVE, Maker and JustLend are the top five DeFi protocols as per Total Value Locked. Lido marks the highest TVL of $36.411B. EigenLayer and AAVE follow with $19.995B and $13.17B, respectively.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 3:54 AM (GMT-4)]| DeFi Protocols | TVL | 7-Day Change |
| Lido | $36.411B | +2.33% |
| EigenLayer | $19.995B | +7.78% |
| AAVE | $13.17B | +2.14% |
| Maker | $8.685B | -1.93% |
| JustLend | $6.834B | +3.87% |
Among the top DeFi protocols, only one DeFi Protocol marks a negative 7-day change; Maker reports a change of -1.93%. Conversely, EigenLayer records the highest positive change of +7.78%. Lido and AAVE register +2.33% and +2.14%, respectively.
6. Crypto Exchange Weekly Analysis
6.1. Top Crypto Centralised Exchanges
Binance, Coinbase Exchange, Bybit, WhiteBIT, and OKX are the top five crypto centralised exchanges on the basis of Monthly Visits.
| Crypto Centralised Exchanges | Monthly Visits | Trust Score |
| Binance | 75.3M | 9/10 |
| Coinbase Exchange | 46.3M | 10/10 |
| Bybit | 31M | 10/10 |
| WhiteBIT | 24.8M | 8/10 |
| OKX | 24.1M | 10/10 |
Among the top crypto centralised exchanges, Binance marks the highest number of monthly visits of 75.3M. Coinbase Exchange and Bybit follow with 46.3M and 31M, respectively. WhiteBIT and OKX report 24.8M and 24.1M, respectively. At least three of these exchanges have a trust score of 10/10. Binace displays a trust score of 9/10 and WhiteBIT showcases a low trust score of 8/10.
6.2. Top Crypto Decentralised Exchanges
Jupiter, Uniswap V3 (Ethereum), Cellana Finance, Orca and Raydium are the top five crypto decentralised exchanges on the basis of Market Share by Volume.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 4:10 AM (GMT-4)]| Crypto Decentralised Exchanges | % Market Share by Volume | 24-Hour Volume |
| Jupiter | 17.1% | $1,149,791,066 |
| Uniswap V3 (Ethereum) | 10.2% | $682,342,003 |
| Cellana Finance | 9.9% | $667,582,096 |
| Orca | 8.1% | $547,149,993 |
| Raydium | 7.6% | $509,121,014 |
Among the top crypto decentralised exchanges, Jupiter marks the highest market share by volume of 17.1%. Uniswap V3 (Ethereum) and Cellana Finance follow with 10.2% and 9.9%, respectively. Orca and Raydium report 8.1% and 7.6%, respectively.
6.3. Top Crypto Derivative Exchanges
Binance (Futures), Bybit(Futures), Bitget Futures, Deepcoin (Derivatives), and CoinW (Futures) are the top five crypto derivative exchanges by 24-hour open interest.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 4:13 AM (GMT-4)]| Crypto Derivative Exchanges | 24-Hour Open Interest | 24-Hour Volume |
| Binance (Futures) | $23,143,639,948 | $42,813,327,442 |
| Bybit (Futures) | $14,867,114,072 | $14,525,475,077 |
| Bitget Futures | $11,883,227,811 | $12,496,493,865 |
| Deepcoin (Derivatives) | $11,301,142,708 | $6,307,084,013 |
| CoinW (Futures) | $9,527,049,814 | $14,842,040,489 |
Among the crypto derivative exchanges, Binance (Futures) has the highest open interest of $23,143,639,948. Bybit (Futures) and Bitget Futures follow with $14,867,114,072 and $11,883,227,811, respectively. Deepcoin (Derivatives) and CoinW (Futures) mark $11,301,142,708 and $9,527,049,814 open interest, respectively.
7. NFT Marketplace Weekly Analysis
Blur, Blur Aggregator, Gem, Opensea, and X2Y2 are the top five NFT Marketplaces by Market Share. Blur has the highest market share of 80.09%. Blur Aggregator and Gem follow with 18.56%% and 0.40% market share respectively.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 4:16 AM (GMT-4)]| NFT Marketplaces | Market Share | Volume Change (Change of last 7-D Volume over the Previous 7-D Volume) |
| Blur | 80.09% | -18.53% |
| Blur Aggregator | 18.56% | -30.57% |
| Gem | 0.40% | -46.52% |
| Opensea | 0.38% | -34.32% |
| X2Y2 | 0.22% | -72.89% |
Among the top NFT marketplaces, none share a positive volume change. X2Y2 has the highest negative change of -72.89%. Gem follows with -46.52% volume change respectively. Opensea and Blur Aggregator report -34.32% and -30.57%, respectively. Blur records a comparative lower negative volume change of -18.53%.
7.1. Top NFT Collectibles This Week
5df669f8cd2889, 5883d5e7b81bb0d2, CryptoPunks #1002, CryptoPunks #9570, and CryptoPunks #1333 are the top NFT collectibles based on Price.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| NFT Collectibles | Price |
| 5df669f8cd2889 | $219,102.49 |
| 5883d5e7b81bb0d2 | $209,232.03 |
| CryptoPunks #1002 | $193,371.84 |
| CryptoPunks #9570 | $166,974.73 |
| CryptoPunks #1333 | $151,344.23 |
5df669f8cd2889 marks the highest price of $219,102.49. The NFT collective of 5883d5e7b81bb0d2 follows with $209,232.03. CryptoPunks #1002, CryptoPunks #9570, and CryptoPunks #1333 record $193,371.84, $166,974.73, and $151,344.23, respectively.
8. Web3, Blockchain & Crypto Funding Analysis
8.1. Crypto Fundraising Trend
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Week | Funds Raised | Number of Fundraising Rounds |
| Jun 3 – 9, 2024 | $402.43M | 26 |
| May 27 – June 2, 2024 | $351.10M | 37 |
This week, the crypto sector has so far raised nearly $402.43M, higher than the previous year’s value of $351.10M.
8.2. Most Active Investors This Week
Hashkey Capital, Animoca Brands, The Spartan Group, Foresight Ventures, and GSR are the most active investors this week, based on the number of deals.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Investors (or Fund’s Name) | Deals (June 2 – 8, 2024) | Investments | Lead Investments |
| Hashkey Capital | 4 | 4 | 0 |
| Animoca Brands | 4 | 2 | 2 |
| The Spartan Group | 3 | 3 | 0 |
| Foresight Ventures | 3 | 3 | 0 |
| GSR | 3 | 3 | 0 |
Hashkey Capital and Animoca Brands mark 4 deals each. Hashkey Capital has no lead investments, but Animoca Brands has two. The Spartan Group, Foresight Ventures and GSR report 3 deals each, but none register a lead investment.
8.3. Crypto Fundraising By Category
Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, GameFi, Meme, Social and Stablecoins are the categories raised funds this week.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Category | Number of Fundraising Rounds (June 3 – 9, 24) | Funds Raised |
| Blockchain Infrastructure | 5 | $21.00M |
| Blockchain Services | 2 | $12.00M |
| CeFi | 2 | $218.75M |
| Chain | 2 | $58.00M |
| DeFi | 2 | $35.00M |
| GameFi | 8 | $35.08M |
| Meme | 1 | $5.00M |
| Social | 3 | $9.60M |
| Stablecoin | 1 | $8.00M |
The category of CeFi records the highest fund raised of $218.75M. Chain, GameFi and DeFi follow with $58.00M, $35.08M and $35.00M. Blockchain Infrastructure registers $21.00M. Conversely, the category of Meme marks the lowest fund raised of $5.00M.
8.4. Top Crypto Investment Locations
Apart from the undisclosed category, the UK, the US, Singapore, Estonia and the UAE are the top crypto investment locations, on the basis of funds raised.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Investment Location | Funds Raised (June 1 – 8, 2024) | Funds Raised % | Number of Rounds |
| The United Kingdom | $200.00M | 49% | 1 |
| Undisclosed | $138.38M | 34% | 14 |
| The United States | $32.00M | 8% | 6 |
| Singapore | $28.75M | 7% | 2 |
| Estonia | $3.30M | 1% | 1 |
| The UAE | $3.00M | 1% | 2 |
The United Kingdom reports the highest fund raised of $200.00M. The undisclosed category follows with an overwhelming $138.38M fund raised. The US and Singapore showcases $32.00M and $28.75M, respectively. Estonia records $3.30M and the UAE $3.00M.
8.5. Most Active Crypto VC Jurisdictions
The US, Singapore, China, the UK, Switzerland, and the UAE are the most active crypto venture capital jurisdictions.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Crypto VC Jurisdiction | Number of Projects (June 1 – 8, 2024) |
| The USA | 47 |
| Singapore | 15 |
| The UK | 8 |
| Seychelles | 5 |
| South Korea | 4 |
| China | 3 |
The USA shows the highest number of projects of 47. Singapore follows with 15 projects. The UK marks eight projects and Seychelles displays 5 projects. South Korea and China record 4 and 3, respectively.
9. Web 3, Blockchain & Crypto Hack Updates
The total value hacked is $8.21B. The total value hacked in DeFi is $5.97B, and total value hacked in Bridges is $2.83 billion.
[Data Collected (Day, Date & Time): Friday, 7th June, 2024, 2:44 AM (GMT-4)]| Total Value Hacked | $8.21B Total Value Hacked in DeFi$5.97BTotal Value Hacked in Bridges $2.83B |
| Project Name | Amount Lost | Date |
| Velocore | $6.8M | 2 June, 2024 |
Velocore, the first hack registered this month, was reported on 2nd June, 2024. Nearly $6.8 million was lost in this hack.
Endnote
This report provides a comprehensive analysis of the current performance of various blockchains and cryptocurrencies, including Bitcoin, Altcoins, Stablecoins, AI Coins, Memecoins and Metaverse. It highlights trending coins, top gainers and losers, and delves into Crypto ETFs such as Bitcoin Spot ETFS, Bitcoin Futures ETFs, and Ethereum Futures ETFs. Additionally, it examines centralised, decentralised, and derivatives crypto exchanges, DeFi protocols, and NFT marketplaces. The report also covers crypto fundraising activities, prominent investors, key investment locations, and notable crypto hacks reported lately.
Also Discover the price prediction of your favorite cryptocurrency. We include a range of Price Predictions made by various crypto experts.
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