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OKX Ventures Reports Steady Progress in Crypto Investments for May-June 2024
The post OKX Ventures Reports Steady Progress in Crypto Investments for May-June 2024 appeared on BitcoinEthereumNews.com. Zach Anderson Jul 17, 2024 13:55 OKX Ventures highlights steady progress in various fields, including security, infrastructure, and innovative applications, according to their May-June 2024 bi-monthly report. OKX Ventures has reported steady progress across multiple fields in its latest bi-monthly investment report for May and June 2024, according to OKX Ventures. The report highlights significant developments in the cryptocurrency market, driven by technological innovation and advancements in various sectors. Continuous Efforts in Multiple Fields According to OKX Ventures, the crypto industry is experiencing a “steady and positive” development trend. The approval of the Ethereum spot ETF by the U.S. Securities and Exchange Commission (SEC) on May 23, 2024, marks a significant milestone. If trading begins in July 2024, the scale and buy-in volume of the ETH spot ETF could reach tens of billions of dollars. On-chain data shows slight stability, with Ethereum and Bitcoin’s on-chain transaction volumes in May and June 2024 being $390 billion and $338 billion, respectively. The supply of stablecoins increased to $142.6 billion, and Ethereum burned 26.7k and 26.3k tokens in May and June, respectively. Meme-type assets maintained high popularity, especially on the Solana chain, where Meme transaction volume accounted for more than 50% of total transaction volume. Infrastructure and Ecological Projects The industry’s infrastructure is improving, with the number and total value locked (TVL) of Bitcoin Layer-2s growing. OKX Ventures notes the importance of native infrastructure, including artificial intelligence (AI), GameFi, and social networks. The TON ecosystem, supported by Telegram’s 900 million active users, continues to grow, with TVL surpassing $700 million and multiple applications attracting over ten million users. Security Concerns On-chain security remains a critical issue, with losses from security incidents reaching $688 million in Q2 2024, a 37% increase compared to Q1. DeFi and public blockchains are the main targets for hacker…
The post OKX Ventures Reports Steady Progress in Crypto Investments for May-June 2024 appeared on BitcoinEthereumNews.com.
Zach Anderson Jul 17, 2024 13:55 OKX Ventures highlights steady progress in various fields, including security, infrastructure, and innovative applications, according to their May-June 2024 bi-monthly report. OKX Ventures has reported steady progress across multiple fields in its latest bi-monthly investment report for May and June 2024, according to OKX Ventures. The report highlights significant developments in the cryptocurrency market, driven by technological innovation and advancements in various sectors. Continuous Efforts in Multiple Fields According to OKX Ventures, the crypto industry is experiencing a “steady and positive” development trend. The approval of the Ethereum spot ETF by the U.S. Securities and Exchange Commission (SEC) on May 23, 2024, marks a significant milestone. If trading begins in July 2024, the scale and buy-in volume of the ETH spot ETF could reach tens of billions of dollars. On-chain data shows slight stability, with Ethereum and Bitcoin’s on-chain transaction volumes in May and June 2024 being $390 billion and $338 billion, respectively. The supply of stablecoins increased to $142.6 billion, and Ethereum burned 26.7k and 26.3k tokens in May and June, respectively. Meme-type assets maintained high popularity, especially on the Solana chain, where Meme transaction volume accounted for more than 50% of total transaction volume. Infrastructure and Ecological Projects The industry’s infrastructure is improving, with the number and total value locked (TVL) of Bitcoin Layer-2s growing. OKX Ventures notes the importance of native infrastructure, including artificial intelligence (AI), GameFi, and social networks. The TON ecosystem, supported by Telegram’s 900 million active users, continues to grow, with TVL surpassing $700 million and multiple applications attracting over ten million users. Security Concerns On-chain security remains a critical issue, with losses from security incidents reaching $688 million in Q2 2024, a 37% increase compared to Q1. DeFi and public blockchains are the main targets for hacker…
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