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Hashdex Q3’24 Research Report: highlights of our latest Market Pulse

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16 oktober, 2024

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Hashdex research team has just released the Hashdex Q3’24 edition of our Market Pulse quarterly report. Below are some of the most notable insights from the last quarter:

Report link: Hashdex Q3’24 Market Pulse

• Ecosystem developments: While initial adoption of spot ETH ETFs underperformed, Ethereum’s ecosystem metrics remained strong and Solana achieved new milestones, positioning itself as a major competitor in the smart contracts space.

• Institutional adoption: This quarter saw more public pension funds following Wisconsin’s lead in allocating to spot BTC ETFs. Key announcements include Sony launching an Ethereum L2, Solana’s first private credit fund, and Visa enabling fiat-backed token issuance on Ethereum.

• Easing and elections: Global liquidity is rising as the Fed ends its tightening cycle and China rolls out large-scale stimulus. Additionally, the growing importance of ”crypto voters” indicates a bipartisan push for favorable regulation in the US post-elections.

Strengthening competition in smart contracts and bitcoin’s status as a pristine asset continue to build a strong case for diversified crypto investing.

With bitcoin’s recovery likely in its final stages, global monetary easing gaining momentum, and a favorable US regulatory outlook, conditions appear ideal for the current cycle to align with previous ones, potentially leading to a new bull phase as we approach 2025.

Below a selection of interesting slides from this report: