Chainalysis analysts point out several developments in the first half of the year that had a positive impact on the cryptocurrency market.
In many ways, digital assets have gained greater public acceptance following the launch of Bitcoin and Ethereum exchange-traded funds in the US.

In the first six months, inflows into legitimate services were the highest since the 2021 bull run began.
This encouraging sign points to continued adoption of cryptocurrency around the world, say experts from Chainalysis.

Total illicit activity in the crypto market has fallen by 19.6% since the beginning of the year, falling from $20.9 billion to $16.7 billion in monetary terms.
This, according to Chainalysis, indicates that legal activity by market participants is growing faster than illegal activity.