Many digital currencies have seen a drop in their value over the past 30 days. Solana was the worst-performing crypto among the top ten with highest market values, dropping 19.12% to the U.S. Dollar. The second largest loser among the top ten was Bitcoin, which lost 12.71% USD this month.
Crypto Economy shrank by $102 billion last month despite Mid-August Pump
On August 14th, 2022 crypto assets experienced a solid rise. Bitcoin (BTC), which has surpassed the $25K mark and ethereum(ETH), that have surpassed $2K each unit, saw an impressive jump. BTC fell 12.71% between Wednesday, August 3 and Friday, September 2 2022, despite the increase in value.
Ethereum’s monthly loss was less brutal after ETH took a 2.75% hit against the U.S. dollar. BNB lost 7.02%, XRP dropped 10.53% against the dollar, and ADA slid 9.34%.
Solana, (SOL), was the worst loser among the top ten cryptocurrency assets. It lost 19.12% against USD. The 10th most valuable crypto asset, the polkadot(DOT) lost 8.93% over the past 30 days.
Coinmarketcap.com historical statistics indicate that on August 3, the total global cryptocurrency market capital was $1.06 trillion. By September 2, its overall value was $982.53 trillion.
As of 30 days ago, crypto prices had changed as well. BTC (bitcoin) traded at $22,829/unit. BNB sold for $282 and Ethereum (ETH), was trading at $1,614 each coin. OP was the best performing crypto asset, up 18.24% in August against the U.S. Dollar.
However, OP is down 38.2% against USD this month. Lido dao (LDO) saw an 18.04% rise 30 days ago, but it’s lost 17.7% against the dollar this month. Although Chiliz (CHZ), was 9.87% lower on August 3rd, it gained 64.7% during the month against the USD.
Theta network, (THETA), was 5.45% lower a month earlier. It has lost 17.9% USD in the past 30 days. The total value locked in decentralized finance was $89.81 Billion 30 days ago. Today, it is at $59.58 Billion.
Makerdao had $8.53 billion locked and as of September 2, Makerdao’s TVL is now down to $7.96 billion. Lido had $7.39 billion 30 days ago and today, it’s around $6.96 billion. Cross-chain bridges’ TVL is at $9.11Billion, down 25% this month. Polygon bridges are the most popular with $4.21B.
What do you think about the crypto economy’s price action during the last 30 days? Comment below and let us know how you feel about the subject.
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