December 2024 Recap of Digital Assets Industry
BTC showed resilience, down only 4%, due to heavy buying from MicroStrategy and the exchange-traded funds (ETFs). Despite alts underperforming, daily transaction volume across all chains reached a record high of 13.7M.
DEX trading volume reached an all-time high of $433B in December, exceeding November’s $380B.
December saw the enormous success of Hyperliquid (HYPE) which returned +234% in December alone. In just one month of trading, Hyperliquid ranks as the 13th most valuable project in crypto at around $28B in fully diluted value.
President-elect Trump helped the bitcoin price surge to record highs in December with plans to establish a U.S. bitcoin strategic reserve. Russian lawmakers are also pushing for the country to create a bitcoin strategic reserve.
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