The CoinGecko Q3 2024 report on the crypto sector highlights a slight decrease in the total market capitalization of the crypto market, with a 1% drop from approximately $2.35 trillion to $2.33 trillion. The report attributes this to no significant movements in inflows or outflows during the quarter. While trading volumes also declined by 3.6%, Bitcoin's dominance increased by 2.7% to reach 53.6%, indicating a preference for Bitcoin over altcoins and stablecoins among investors. However, the report suggests a potential recovery in the altcoin market due to Bitcoin's high dominance. The report also focuses on the Ethereum layer-2 landscape, with an increase in on-chain activities and Ethereum establishing itself as the dominant network for trading on decentralized exchanges (DEX).



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