Binance Research Institute has released its 2023 annual review report, showing a 109% increase in cryptocurrency market capitalization.

On January 15th, BlockBeats reported that Binance Research Institute released a 2023 annual review report, which comprehensively analyzed the performance of the cryptocurrency market in the past year. The report showed that the cryptocurrency market value increased by 109% in 2023, driven by significant increases in the first and fourth quarters; Web3 projects attracted 1,173 investments totaling $9 billion; DeFi TVL increased by 38.9% year-on-year; and the global stablecoin market value decreased by 5.2% overall in 2023. Binance Research Institute also provided exclusive insights into eight major trends in the cryptocurrency asset industry for 2024 through professional analysis. These trend themes include Bitcoin ecosystem-related development, ownership economy, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, institutional adoption, and more.