⚡️Crypto Market Recap. May 2023
The CryptoRank team prepared a summary of the most important market trends in May📈🔥
In this blog post, we'll dive into the crypto market, exploring trends and important data.
👉https://news.cryptorank.io/crypto-market-recap-may-2023/
About $295M of Positions Gets Liquidated Due to BTC Price Drop Below $26,000
Due to the recent Bitcoin price drop amid SEC lawsuit against Binance, about $295M in longs and shorts was liquidated from the leading derivatives exchanges:
- $96M on Binance;
- $81M on OKX;
- $36M on Bybit;
- $33M on BitMEX;
- $29M on Huobi.
👉 https://cryptorank.io/derivatives-analytics/bitcoin
📈Market Overview
The Top-10 cryptocurrencies are traded in red zone:
BNB -8.00%
Solana -7.23%
Dogecoin -7.03%
Market capitalization: $1.19T (-3.51%)
The BTC dominance: 42.00% (-0.24%)
Fear & Greed Index: 44 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Marinade (MNDE) +27.2%
Nano (XNO) +19.4%
RFOX (RFOX) +12.3%
👉 Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume — $41.9B
Aggregated Open Interest — $9.1B
👉 Derivatives Market Analytics
Monthly Derivatives Exchange Volume Decreased by 15% in May
In May 2023, the monthly derivatives exchange volume showed a decrease of 15% compared to the volume registered in April: $2.18T —> $1.85T.
Crypto News Weekly Recap #153 📣
— Bitcoin headed for first monthly loss in six months
— Multichain suspends cross-chain routes for several chains
— TRON blockchain sets new record with 10.9M daily transactions
— Tether market cap climbs to all-time high
— Coinbase derivatives exchange to offer Bitcoin and Ether futures
— EU formally signs new crypto licensing
— Atomic Wallet users hacked for $35M
— RBI plans to expand CBDC pilot in India
👉 https://cryptorank.io/news
Top 10 Gainers of the Week 📈
$PNB +337%
$MNDE +146%
$ABBC +108%
$CORE +55.1%
$WILD +52.1%
$AMB +49.6%
$ALI +46.1%
$EVER +44.8%
$TRIAS +36.4%
$JOE +26.2%
👉 https://cryptorank.io/performance
Top 10 NFT Marketplaces by Volume in May 📊
Blur leads, followed by OpenSea, Immutable X
Marketplace, and Magic Eden.
👉https://cryptorank.io/tags/marketplace
Top 10 Projects by TVL Growth in May
Chronos leads, followed by Solv Protocol, Lybra Finance, and SashimiSwap.
👉https://cryptorank.io/categories/defi
Summary of May IDO/IEO/ICO Performance
Token sale activity increased in May 2023 compared to the previous month. 28 projects held a public token sale. Among them, GameFi was the most popular category. Tenet leads by the current ROI, followed by SuiPad, Orbofi, and Hypercycle.
👉https://cryptorank.io/ico-analytics
📈Market Overview
The Top-10 cryptocurrencies are traded in green zone:
Cardano +2.11%
XRPL +2%
Ethereum +1.62%
Market capitalization: $1.24T (+1.22%)
The BTC dominance: 42.29% (-0.15%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
ABBC coin (ABBC) +92.5%
Energy Web Token (EWT) +27.8%
Rally (RLY) +26.5%
👉 Recent Funding Rounds
Magic $52M strategic funding round led by PayPal Ventures
Anoma $25M funding round led by CMCC Global
Hogwarts Labs $8M Pre-Series A round led by DHVC, Matrix Partners, Hash Global
BTC Futures
Aggregated Volume — $27B
Aggregated Open Interest — $9B
👉 Derivatives Market Analytics
Tether USDT Market Cap Reaches All-Time High
USDT has surpassed its previous all-time market cap high of $83.2B set in May 2022. Meanwhile, the total stablecoin market cap continues to decline due to the reduction of USDC and BUSD supply. TUSD, another stablecoin with increasing supply, still accounts for a small portion of trading volume.
👉https://cryptorank.io/categories/stablecoin
Binance Labs Announces Strategic Investment in Fusionist
In May 2022, Binance Labs co-led a $6.6 million strategic investment in Fusionist, a web3 gaming DApp, to drive innovation and adoption in web3 gaming. In addition, the Fusionist Beta Test entered its next phase on 31 May.
👉https://twitter.com/BinanceLabs/status/1664081992630292480
📈Market Overview
The Top-10 cryptocurrencies are traded in different directions:
Polygon +0.28%
Cardano -2.86%
XRPL -1.41%
Market capitalization: $1.23T (-0.99%)
The BTC dominance: 42.36% (-0.23%)
Fear & Greed Index: 52 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
MangoMan Intelligent (MMIT) +77%
XDC Network (XDC) +32.1%
SuperVerse (SUPER) +18.2%
👉 Recent Funding Rounds
Magic $52M strategic funding round led by PayPal Ventures
Anoma $25M funding round led by CMCC Global
Transak $20M Series A funding round led by CE Innovation Capital
BTC Futures
Aggregated Volume — $29.4B
Aggregated Open Interest — $8.9B
👉 Derivatives Market Analytics
Monthly Spot Exchange Volume Decreased by 23% in May
In May 2023, the monthly spot exchange volume (adjusted) of major exchanges showed a decrease of 23% compared to April 2023: $450B —> $347B. Amidst the drop of Bitcoin price, trading activity fell on all major crypto exchanges.
👉 https://cryptorank.io/exchange
WhiteBIT Token (WBT) to be Listed on Bitfinex
WhiteBIT’s native token, WBT on the ERC-20 network, will be listed on Bitfinex. Deposits are now open. Trading will begin on Jun 1 at 10AM UTC, in trading pairs against the USD and USDT.
👉https://twitter.com/WhiteBit/status/1663486664243568640
SEC Sues Coinbase in New York Federal Court
One day after filing a lawsuit against Binance and CZ, the SEC sued Coinbase in New York Federal Court. In the latest filing, it listed a number of cryptocurrencies as unregistered securities. Coinbase shares are down 13% in pre-market trading.
👉https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf
The Latest Breaking News 📣
— SEC sues crypto exchange Binance and CEO Changpeng Zhao
— Coinbase shares drop 10% following SEC’s suit against Binance
— Binance lawsuit triggers $700M in withdrawals
— US SEC identifies 12 crypto tokens as securities in Binance lawsuit
— Zodia Custody to offer staking to institutional clients
👉 https://cryptorank.io/news
SEC Sues Binance and CZ of Breaking US Securities Rules
Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according a federal court filing by the Securities and Exchange Commission.
👉https://news.bloomberglaw.com/business-and-practice/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
TVL Performance on Multiple Networks in May
The combined total value locked of all blockchains showed a slight decrease in May 2023. Polygon zkEVM showed the highest growth of TVL in May among other blockchains.
👉 https://cryptorank.io/categories/defi
📈Market Overview
The Top-10 cryptocurrencies are traded in red zone:
BNB -2.00%
Dogecoin -1.53%
Ethereum -1.48%
Market capitalization: $1.23T (-1.12%)
The BTC dominance: 42.09% (-0.23%)
Fear & Greed Index: 53 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Multichain (MULTI) +31.3%
Victoria VR (VR) +31.1%
Metal (MTL) +17.9%
👉 Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume — $27.2B
Aggregated Open Interest — $9B
👉 Derivatives Market Analytics
📈Market Overview
The Top-10 cryptocurrencies are traded in different directions:
Solana +2.14%
Cardano +1.02%
Ethereum -0.21%
Market capitalization: $1.25T (-0.04%)
The BTC dominance: 42.19% (-0.06%)
Fear & Greed Index: 52 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Pink BNB (PNB) +141%
Marinade (MNDE) +81.3%
Green Satoshi Token (GST) +22.8%
👉 Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume — $12.2B
Aggregated Open Interest — $9B
👉 Derivatives Market Analytics
📈Market Overview
The Top-10 cryptocurrencies are traded in green zone:
XRPL +1.94%
Cardano +1.49%
Ethereum +0.87%
Market capitalization: $1.25T (+0.52%)
The BTC dominance: 42.23% (-0.15%)
Fear & Greed Index: 53 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
AirDAO (AMB) +59.6%
Velo (VELO) +21.7%
Just (JST) +14.1%
👉 Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume — $19.8B
Aggregated Open Interest — $9B
👉 Derivatives Market Analytics
Monthly DEX Trading Volume Increased in May by 13.5%
In May 2023, the monthly decentralized exchange volume increased by 13.5% compared to the volume registered in April: $55.4B —> $66.4B.
According to the data from CryptoRank.io, Uniswap and PancakeSwap remains the leading decentralized exchanges for trading, both DEX showed an increase in trading volume in May.
👉https://cryptorank.io/exchanges/dex
The Latest Breaking News 📣
— USDC stablecoin to be launched on Arbitrum
— Coinbase derivatives exchange to offer Bitcoin and Ether futures
— Tether market cap climbs to all-time high
— Uniswap community votes down protocol fees for liquidity providers
— Japan's largest airline group ANA launches NFT marketplace
👉 https://cryptorank.io/news
Bitcoin Sees 7% Decrease in May
Bitcoin closed May 2023 with a price decrease of -7.1%, significantly below the average.
You can see monthly and quarterly returns on CryptoRank.io
👉https://cryptorank.io/price/bitcoin
The Latest Breaking News 📣
— Multichain suspends cross-chain routes for several chains
— TRON blockchain sets new record with 10.9M daily transactions
— TradFi giant TP ICAP brings crypto trading to institutional investors
— EU formally signs new crypto licensing, money laundering rules into law
— Nansen slashes 30% of work force, aims to prioritize sustainable business
👉 https://cryptorank.io/news
The Most Visited Coins on CryptoRank in May 🚀
Bitcoin leads, followed by Sui and Solana.
👉https://cryptorank.io/trending
Best Performing Token Sales of May by Current ROI
Tenet leads, followed by SuiPad, Orbofi, and Hypercycle.
👉https://cryptorank.io/ico
The Latest Breaking News 📣
— Bitcoin recedes to $27K
— Mercedes Benz Web3 arm to release NFT collection
— Litecoin sees increased network activity ahead of halving
— Bali government cracks down on crypto payments by foreign tourists
— RBI plans to expand CBDC pilot in India
👉 https://cryptorank.io/news