Crypto Market Pulse (03/07/2023)

Crypto.com establishes its very first Global Innovation Lab. Hong Kong government forms task force for Web3 development. Swiss National Bank to launch wholesale CDBC pilot project.

Jul 03, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices were flat at +0.36%. Volume and volatility decreased by -13.66% and -69.29%, respectively.

Weekly Market Index 3 Jul

Chart of the Week

New primitives are emerging in today’s multichain ecosystems. This new class of protocols represents novel approaches to cross-chain interoperability. LayerZero is one such project aiming to build omnichain interoperability that unifies dapps from multiple blockchains. It is a cross-chain messaging layer for smart contracts to natively communicate between blockchains (via endpoints). The LayerZero protocol has been gaining traction in Q2 as shown in the growth of addresses interacting with it.

Addresses Interacted With LayerZero

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were up slightly at +0.7% and +2.6%, respectively, in the past seven days. Other selected top-cap tokens also mostly rose.

Selected Top-Cap Tokens Price Change 3 Jul

Key categories were mixed in the past seven days, with DeFi outperforming.

Selected Categories Market Cap Change 3 Jul

News Highlights


Recent Research Reports

   
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Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania.The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes.Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month.
 Image2 7
 Image7 3
 Image9 4
 Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania.
 The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes.
 Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month.

Recent University Articles

   
What Is ShardingBitcoin's Scalability Problem Solutions And ChallengesCryptocurrency Futures And Derivatives A Growing Market
What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works.Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.Cryptocurrency Futures and Derivatives: A Growing Market: Explore the rapidly expanding world of crypto futures and derivatives, and learn about their impact on the digital asset market.
 What Is Sharding
 Bitcoin's Scalability Problem Solutions And Challenges
 Cryptocurrency Futures And Derivatives A Growing Market
 What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works.
 Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.
 Cryptocurrency Futures and Derivatives: A Growing Market: Explore the rapidly expanding world of crypto futures and derivatives, and learn about their impact on the digital asset market.

Catalyst Calendar

Blockchain Launch and Crypto Conferences 3 Jul
Macroeconomic Events 3 Jul

Author

Research and Insights Team

Disclaimer:

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