Moonbeam Q2 2024 Brief

Key Insights

Analysis

In Q2 2024, the entire crypto market saw a decline following a strong previous six months. For reference, BTC, ETH, and DOT market cap changes were -12%, -6%, and -34%, respectively.

After seeing multiple quarters of revenue growth

After seeing steady activity growth for most of the last year

Moonbeam’s Cross-Consensus Messaging (XCM)

In Q2 2024, all leading protocols

Moonbeam’s stablecoin market cap slightly decreased to $7.3 million, but has been extremely stable the past year. Frax continues to dominate the ecosystem’s stablecoin market with a 72% share. Moonbeam’s stablecoin market ranking was approximately 48th

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