Cryptocurrency Crash: Crypto Economy Loses $102 Billion in 30 Days

A large number of digital currencies lost value in the last 30 days, and the worst cryptocurrency among the ten currencies with the highest market value was Solana, which lost 19.12%. Bitcoin was the second biggest loser in the top ten as the main crypto asset lost 12.71% of its dollar value this month.

Despite a surge in mid-August, the crypto economy shrank by $102 billion last month.

On August 14, 2022, crypto assets rose, bitcoin broke the $25K zone, and Ethereum broke the $2,000 mark. Despite the jump in value, BTC lost 12.71% in the last 30 days, from Wednesday 3 August 2022 to Friday 2 September 2022.

BTC – daily chart.

Ethereum’s monthly loss was less drastic after ETH fell 2.75%. BNB lost 7.02%, XRP fell 10.53% against the dollar and ADA fell 9.34%.

The crypto economy lost $102 billion in 30 days - BTC, SOL suffered the most losses.ETH – daily chart.

Solana was the biggest loser among the top ten crypto assets, shedding 19.12%. Polkadot, the tenth largest crypto asset, has lost 8.93% in the last 30 days.

The crypto economy lost $102 billion in 30 days - BTC, SOL suffered the most losses.SOL daily chart. statistics show that the global cryptocurrency market capitalization as of August 3 was $1.06 trillion, and as of September 2, the total valuation of the entire crypto economy was less than $1 trillion, or $982.53 billion.

Cryptocurrency prices were also different 30 days ago, as Bitcoin traded at $22,829. Ethereum traded at $1,614 per coin, while BNB hit $282 per unit. The best performing crypto asset on August 3 was Optimism (OP), which rose by 18.24%.

The crypto economy lost $102 billion in 30 days - BTC, SOL suffered the most losses.Daily ChZ chart.

However, OP lost 38.2% this month. Lido dao (LDO) rose 18.04% 30 days ago but lost 17.7% this month. Chiliz (CHZ) lost 9.87% on August 3, but CHZ gained 64.7% in the last month.

The Theta Network (THETA) dropped 5.45% a month ago and has lost 17.9% of its value in the past 30 days. 30 days ago, the total value locked (TVL) in decentralized finance (defi) was $89.81 billion, and today the TVL is $59.58 billion.

Makerdao had $8.53 billion locked up and as of September 2, Makerdao’s TVL has now been reduced to $7.96 billion. 30 days ago, Lido had $7.39 billion, and today it is about $6.96 billion. TVL Cross-Chain Bridge is $9.11 billion, down 25.1% this month, with Polygon Bridges dominating at $4.21 billion.

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