In today's digital wave, Bitcoin has become a focus of attention. The latest data shows that the total daily search volume of Bitcoin has exceeded that of stocks, which is a staggering figure. At the same time, the transaction volume of decentralized applications (Dapp) has also exceeded 3 billion US dollars, showing the great vitality of the digital currency market. Let's take a deep look at this digital currency craze and reveal its secrets and trends.

The rise of Bitcoin is like a dark horse, sweeping the traditional financial market. Once just a virtual digital asset, it has now become a popular target for investors around the world. People pay more attention to Bitcoin than traditional stocks. What kind of market logic is hidden behind this phenomenon?

From historical data, it can be seen that the price of Bitcoin fluctuates constantly and was once questioned for lack of real value support. However, with the turmoil of the global economy and the rise of the digital currency market, Bitcoin has gradually been regarded as a safe-haven asset, attracting a large amount of capital inflow. Its unique decentralized characteristics and fixed total design make it anti-inflationary and become a favorite of investors.

In addition to Bitcoin, the rise of Dapp has also become a highlight of the digital currency market. As a representative of decentralized applications, Dapp provides users with a safer and more transparent trading environment, attracting a large number of users to join. With the transaction volume of Dapp exceeding 3 billion US dollars, its market position has become increasingly solid and has become an indispensable part of the digital currency field.

The success of Dapp is inseparable from the support of its smart contract technology, which makes transactions safer and more efficient. The execution of smart contracts relies on blockchain technology, which ensures the traceability and immutability of transactions. This innovative technical means provides a solid foundation for the development of Dapp and injects new vitality into the digital currency market.

In the booming digital currency market, investors need to remain vigilant and look at market fluctuations rationally. Digital currencies have high risks and high returns. Investors should carefully choose investment targets according to their own circumstances and avoid blindly following the trend. At the same time, regulatory authorities should also strengthen supervision, protect the legitimate rights and interests of investors, and maintain market order.

In general, the booming digital currency market provides investors with more choices and brings new challenges and opportunities to the financial industry. The daily search volume of Bitcoin exceeds that of stocks, and the transaction volume of Dapp exceeds 3 billion US dollars. There are infinite possibilities behind this number. Let us wait and see and witness the future of digital currency. I hope that investors can overcome all difficulties and gain more wealth and wisdom in this world of digital currency.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Recently, CoinGecko released a market survey report for the second quarter of 2019, analyzing and summarizing the performance of the cryptocurrency market, the Libra project, IEO projects on the market, and the overall situation of Dapp.

The report pointed out that in the second quarter of 2019, with the rise in Bitcoin prices, the entire cryptocurrency industry also became active.

The report not only analyzed the status of the cryptocurrency industry in the second quarter of 2019, but also summarized the major events that occurred in the first half of 2019, including the theft incident and the world-renowned Libra project.

31QU translated and sorted out some content about the cryptocurrency market, IEO, etc. for readers' reference.

The highlights are as follows:

1. As the market warms up, the total market value of cryptocurrencies has increased by about 200 billion US dollars since the second quarter of 2019, an increase of 125.1% over the previous quarter.

2. The price of Bitcoin doubled, and the total search volume of the word "Bitcoin" on Google exceeded "stocks".

3. Half of the funds raised through IEO belong to the five major exchanges: Gate,,, Huobi and Bittrex.

4. The number of lightning network nodes has increased by 99% compared with the beginning of the year.

5. The total Dapp transaction volume in the second quarter of 2019 exceeded US$3 billion.

Note: The content of this article does not constitute investment advice.

1. The total market value of cryptocurrencies has increased by about US$200 billion

Since the second quarter of 2019, the total market value and transaction volume of the cryptocurrency market have risen rapidly, an increase of 125.1% from the previous quarter, about US$200 billion; in addition, the transaction volume of cryptocurrencies has also doubled from the previous quarter.

Changes in the total market value and transaction volume of the cryptocurrency market in the second quarter of 2019

2. The total search volume of "Bitcoin" exceeded "stocks" for the first time

Compared with the previous quarter, the top four cryptocurrencies in the second quarter of 2019 showed a significant positive growth among all cryptocurrencies.

Bitcoin occupies 65% of the entire cryptocurrency market and is in an absolute dominant position. Bitcoin soared from US$4,103 to US$10,888, an increase of 165%; Ethereum, Litecoin and Bitcoin Cash also had a return rate of more than 100%. XRP, ranked fifth, performed poorly, rising only 28%.

Price increase chart of Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash in the second quarter of 2019

In addition, the report also mentioned that based on the total search volume, in the financial field, the total search volume of "Bitcoin" exceeded the total search volume of "stocks" for the first time, and the total search volume of "Bitcoin" is currently slightly more than "stocks".

Average search volume trend chart of "Bitcoin" and "Stocks" on Google

3. The top five IEO projects raised more than $10 million

In the first half of 2019, WayKiChain, Lambda, PDATA TOKEN, Block Cloud BLOCK CLOUD, and Top
Network raised more than $10 million, accounting for 31% of all IEO projects.

The CoinGecko report also pointed out that the funds raised by IEO projects seem to have a ceiling of $20 million. WayKiChain, which raised the most funds among the five projects mentioned above, only raised $18.5 million.

The proportion of funds raised by each IEO project in the first half of 2019

In addition, in the first half of 2019, half of the funds raised through IEO belonged to the five major exchanges Gate, Binance, Okex, Huobi and Bittrex. Among them, Gate Exchange launched 8 IEO projects and raised more than 45 million US dollars.

As for the return on investment of IEO projects, Bitforex Exchange, which also launched 8 IEO projects in the first half of the year, obtained a return on investment of -37% through IEO; ZBG and ZB Exchange, which only launched 1 IEO project, obtained a return on investment of 820.23% and 553.15% respectively through IEO projects.

Schematic diagram of the return on investment obtained by different exchanges through IEO projects

4. The capacity of the lightning network has increased by nearly 100% compared with the beginning of the year

In the first half of 2019, the number of lightning network nodes increased by nearly one-fold, and the capacity also increased by 87%. In addition, the number of bitcoins locked in the lightning network has nearly doubled since the beginning of this year.

The only time it decreased was in June this year, when Bitcoin rose to $12,000, and some users took out their Bitcoin and sold it.

Trend chart of lightning network capacity and number of nodes

The report mentioned the only time the lightning network nodes decreased in the first half of 2019

5. Dapp transaction volume exceeded $3 billion in total

In the second quarter of 2019, Dapp added 484 Dapps, with more than 1 million active players and a total Dapp transaction volume of more than $3 billion; among the 1,460 active Dapps, nearly half ran on Ethereum, and the transaction volume of Dapps running on EOS and TRON exceeded $1 billion.

Chart of the proportion of active users, types, and total transaction volume of Dapps in the second quarter of 2019