Bitcoin and altcoins, which made a good start to 2023 after a challenging 2022, recorded good rises.
However, the second quarter of 2023 was not very productive for BTC and altcoins and there were decreases.
While some see the second quarter of 2023 as a loss, BNB Chain stated in its second quarter report that there has been an increase in verified smart contracts.
Noting that this increase signals an increasing demand for blockchain-based solutions, the report states that platforms such as BNB Chain, Ethereum (ETH), Polygon (MATIC), Fantom (FTM), Avalanche (AVAX), Arbitrum (ARB) and Optimism (OP) wrote that it recorded an increase in verified smart contracts in the second quarter.
BNB Chain said that the increase in verified smart contracts “highlights the growing importance given to security, reliability and scalability in the blockchain ecosystem, underlining the industry's resilience despite bear market conditions.”
In addition, Binance Research has also published its 2023 second quarter report.
Stating that the 2nd quarter is a modest period for crypto, Binance Research has listed the most rising altcoin projects.
At this point, the report examining 10 altcoins stated that these altcoins gained an average of 34% in the second quarter.
Stating that Solana has risen the most since the beginning of 2023, the report wrote that SOL rose 89%, Bitcoin (BTC) 83%, Ethereum (ETH) 61% and Litecoin (LTC) 52%.
Against these rises, Dogecoin (DOGE), BNB and Polygon underperformed.
*Not investment advice.