Q1 2024 is over, a quarter where a lot of notable events and developments took place, with a growth of 65% in the total market capitalization! We're taking you through the 7 most important events from the Q1 report by CoinGecko.
 

7 highlights

1. Bitcoin SPOT ETFs
   In January, the Bitcoin Spot ETFs were approved by the US Securities and Exchange Commission, meaning that from that moment, Bitcoins could be traded in a traditional way. This played a significant role in the growth that BTC showed in Q1 2024.
    
2. Bitcoin ATH
   Bitcoin showed a clear growth of almost 70% in the first quarter of 2024. The value of Bitcoin reached a new record high of over $73K.
    
3. Ethereum Restaking 
   Ethereum achieved 4.3 million ETH that was restaked on its own Layer-platform.
    
4. Solana Memecoins
   Solana realized more than 800% growth and a total market capitalization of $9.36 billion, with its top 10 memecoins!
    
5. NFT Trading Volume 
   Magic Eden won the largest market share in March. In Q1, the top 10 non-fungible tokens (NFTs) marketplaces amounted to $4.7 billion.
    
6. New ATH
   The total spot trading volume on the top 10 central exchanges reached $4.29 trillion in Q1 2024. This is a new ATH since December 2021.
    
7. Ethereum share in DEX
   Ethereum's share of the trading volume in decentralized exchanges (DEX) fell below 40% in the first quarter of 2024, while other blockchains gained more attention.