Binance Research released the 2023 Annual Review Report today. This industry report provides a comprehensive analysis of the performance of the crypto market in the previous year. The report shows that driven by sharp increases in the first and fourth quarters, the encryption market value increased by 109% in 2023; the Web3 project attracted 1,173 investments, totaling US$9 billion; decentralized finance (DeFi) TVL increased by 38.9% year-on-year; The global stablecoin market value will overall decline by 5.2% in 2023. Binance Research also provides exclusive insights into the eight major trends in the crypto asset industry in 2024 through professional analysis. These trending themes include: Bitcoin ecosystem-related developments, ownership economics, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, institutional-level adoption, etc.