Crypto’s hard landing and return to fundamentals highlighted in CoinGecko report

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City AM

By Darren Parkin Cryptocurrency aggregator CoinGecko has released its annual report, highlighting how de-fi tokens had a torrid time and spot trading was on its knees at the end of 2022. The 2022 Annual Crypto Industry Report details how the crypto market capitalisation lost more than half its value, ending the year at $829 billion, plunging the industry into a crypto winter, after two years of market exuberance. It also examines the state of the crypto market and its various sectors, in the wake of major collapses last year. Trading volumes were down, with NFTs and DeFi among the hardest hit …

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