Crypto Market Frontier According to CMC Q1 2023 | CoinMarketCap

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CMCReport: CMC Listing Team provides some Insights on the upcoming trends: 🔹NFT Market Shifts 🔹Layer 2s & Ethereum Shanghai Upgrade 🔹Stablecoin Crackdown 🔹Artificial Intelligence 🔹Chinese Coin Narrative Let's see what awaits in the future 👇

) launched as a lending market on Arbitrum, with plans to expand cross-chain using LayerZero. It has recently launched V2 and expanded to BNB Chain.

The corporate adoption of NFTs is also on the rise, with Amazon announcing its plans to launch an NFT marketplace in April on an EVM-compatible blockchain. Lastly, the successful launch of the new batch of Starbucks NFTs has driven confidence in the market.Layer 2s & Ethereum Shanghai Upgrade On March 24, ZkSync announced the launch of their zkEVM mainnet alpha — zkSync Era. The platform is the first zero-knowledge layer 2s to deploy its mainnet and is a direct competitor to optimistic rollup-based L2s like Arbitrum, Optimism and Base. Polygon zkEVM mainnet beta launched a few days later on March 30.

Early market entrants including SingularityNet and Render recorded over 800% and 190% growth respectively in Q1 2023. Meanwhile, a host of prominent new blockchain/AI projects launched — including Bittensor and CryptoGPT . Bitcoin dominated the ranking as the most viewed coin across all regions. Meme coins like Shiba Inu and Baby Doge Coin were popular across all regions — but least so in Europe. SingularityNet also saw a great deal of interest in South America alongside general increased attention toward AI coins.

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