The global market capitalization of cryptography exceeded 3.5 billions of dollars, driven by an increase in institutional interest for bitcoin and developments through the wider digital asset ecosystem.
According to a report by the Sentora chain analysis company (formerly intotheblock), overvoltage is attributed to the increase in the institutional allowance in Bitcoin (BTC), alongside notable rebounds in decentralized finance and in the stable sector.
DEFI loan volumes returned to $ 30 billion, while the capitalization of Stablescoin has climbed 56% over the past year.
Stablecoin developments
Sentora highlighted a change in the composition of the Stablescoin market, stressing that traditional financing players are gaining ground.
Tokens like EURCV of a general company, Pyusd de Paypal, the JPM piece and a dollar token from Bank of America are among the “banking quality” participants expanding their footprint on the Stablecoin market of $ 250 billion.
Regulatory clarity also plays a role. Sentora noted that the new American federal legislation of Stablecoin – called engineering law – and a successor to the Act Fit 21 should be introduced in 2025.
The DSA and CFTC monitoring directives could allow the regulated digital assets and introduce formal DEFI monitoring frameworks by 2027.
The confluence of institutional demand and an evolutionary regulatory landscape seems to prepare the way for a more mature and structured crypto market in the years to come.
