Ethereum

Reserve

Cryptocurrency

Arbitrum

Optimism

Some interesting data were mentioned in the monthly market report published by the analysts of the cryptocurrency exchange Binance.
According to analysts, by the end of September, the total market value of the stablecoin market had depreciated for the 18th consecutive time. The metric hit a new low of $123.8 billion, a level not seen since September 2021. Despite the challenging conditions, USDT and DAI managed to change the trend with slight increases in market value.
According to Binance analysts, the crypto market remained largely calm in September, with total market cap showing negligible fluctuations. Events such as FTX's asset liquidation announcement and the FOMC meeting briefly disrupted the overall calm, but the market quickly absorbed the shocks and regained stability.
The integration of the TON wallet by Telegram appears to be the highlight of the month, which, according to analysts, has caused a significant increase in the value of TON Coin.
Related News: <a href="https://en.bitcoinsistemi.com/binance-released-its-11th-proof-of-reserve-report-heres-how-much-bitcoin-and-altcoins-the-exchange-holds/" target="_blank" rel="noopener noreferrer nofollow">Binance Released its 11th Proof of Reserve Report: Here's How Much Bitcoin and Altcoins the Exchange Holds</a>
Analysts report that Account Abstraction (AA) adoption is on the rise, with 2.3 million successful ERC-4377 smart contract transactions occurring across 870 thousand unique AA accounts. Ethereum layer-2 networks have been at the center of this growth, with most transactions occurring on Polygon, Optimism and Arbitrum.
According to analysts, Uniswap's appetite for transaction fees remains and it has solidified its first place in ETH transaction fee consumption in the last 30 days.
Layer 2s have also seen significant activity due to renewed interest in this area, reaffirming their increasingly important role in advancing blockchain scalability. According to Binance analysts, the 30-day transaction volume on the ZkSync Era mainnet exceeded 30.58 million, surpassing Ethereum.
Arbitrum is also seeing a healthy uptick in usage, which could be attributed to the relaunch of its highly anticipated project, Arbitrum Odyssey, according to analysts
*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/binance-official-analysts-publish-monthly-market-report-several-cryptocurrency-projects-mentioned/">Binance Official Analysts Publish Monthly Market Report: Several Cryptocurrency Projects Mentioned</a>

Binance Official Analysts Publish Monthly Market Report: Several Cryptocurrency Projects Mentioned

Bitcoin Sistemi EN

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