Meme Coins Are Contributing To The Growth Of Crypto World: Binance Research Report

The Binance Research team just released its latest market report, and the crypto world is simply exploding. The total market cap has nearly doubled over the past year, jumping 96%. A big reason? The surge of spot Bitcoin ETFs has already pulled in $35 billion, while Bitcoin has surpassed the $100,000 mark, reaffirming its status as the king of crypto.

But it’s not just Bitcoin making headlines. Meme coins are having a record-breaking run, with new tokens launching left and right as traders pile in. Solana’s DEX has jumped 300% in trading volumes compared to ETH in January 2024. Meanwhile, ETF filings keep growing in numbers, and token creation is at an all-time high.

One emerging trend catching attention is DeFAI: the blend of decentralized finance and artificial intelligence which seems to be the next big thing. At the same time, gaming and AI-driven projects like World of Dypians are gaining traction, showing how fast the crypto space is evolving.