The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023.
These are the key takeaways from the “2023 Q1 Crypto Industry Report” published by CoinGecko on April 18. BTC emerged as the best-performing asset of Q1 2023, with gains of 72.4%, outperforming the likes of the Nasdaq index and gold, which marked 15.7% and 8.4% gains, respectively.