The crypto market has crossed the symbolic threshold of 4 trillion dollars in capitalization, a level not seen since the 2021 bull run. This surge reflects capital redirection and renewed investor confidence.
Dynamics of Leaders: Bitcoin, Ethereum, and XRP
The crypto market experienced significant recovery in the second quarter. According to the CoinGecko report, there is a clear concentration around Bitcoin, absorbing most of the inflows, propelling market capitalization to 3.8 trillion dollars. Bitcoin dominates with over 62% share, while Ethereum maintains a 10.8% share. Together, these two assets represent over 70% of total capitalization. XRP also showed remarkable growth, becoming the third largest by market cap, driven by dynamics in Asian markets.
Structural Shift: Rise of DEXs
Beyond price surges, the CoinGecko report highlights a deeper trend: a gradual shift of trading volumes to decentralized platforms. Spot volumes on CEXs dropped by 27.7%, while DEXs recorded a growth of 25.3%. This trend indicates a transition towards decentralization at both infrastructure and trading behavior levels.
Crypto Market on the Path to Maturity
Crossing the 4 trillion dollar threshold signifies not just a return to market euphoria but a transformation in investment behavior. Cryptocurrencies like Bitcoin, Ethereum, and XRP continue to dominate, yet DEXs, hybrid models, and new market access forms shape the sector's future.
As the crypto market enters a new mature phase, it brings structural changes and a dynamic architecture, emphasizing the importance of ongoing observation of sector developments.
