Staking Industry Research & Insights

The State of Staking is a quarterly analysis of key trends, metrics and developments driving the growth of the staking industry

Q1 2024

Driven by the historic success of the Bitcoin ETF launches on January 24, the crypto market exploded higher in Q1 2024, up 55% Q/Q and 123% Y/Y to a near record $2.8TN. This marks back-to-back quarters of 55% Q/Q growth for crypto's total market cap. The total crypto market cap has only eclipsed $2.8TN once, in early November 2021, reaching S3TN on November 8 2021. Bitcoin grew faster than the broader market with its market cap increasing 66% Q/Q and 153% YY/ to finish at a record $1.4TN.