HashKey Capital's June Monthly Report: Crypto Market Cap Drops 7%, TVL Grows 6.7%

The June Monthly Report published by HashKey Capital shows that the total crypto market capitalization decreased by 7% due to negative news and lack of catalyst. Despite this, adjusted total lock-up volume (TVL) increased by 6.7%, outpacing the decline in market capitalization.
The number of active wallets for Bitcoin and Ethereum increased by 26% and 34% respectively, with the number of users holding more than 1 Bitcoin exceeding 1 million for the first time. There was a significant increase in activity for L2 and L3. Bitcoin was trading between $60,000 and $64,000 in June.
Despite the decline in trading volume on centralized exchanges (CEX), decentralized exchanges (DEX) enjoyed their best performance in three months. Overall, despite the weak market performance in June, a number of positive indicators suggest that the crypto market remains solid and is expected to continue growing in the future.