The cryptocurrency market continues its downward trend, with the fully diluted valuation (FDV), which is based on the total token supply, generally declining across major sectors.
According to Artemis statistics, the sectors with the largest declines as of the 24th are data availability and social, both dropping 14.4%.
Followed by privacy coins (-14.1%), Perp DEX (-12.7%), staking services (-12.5%), and gaming (-12.0%), all experiencing significant adjustments.
RWA and the Bitcoin ecosystem both fell 11.3%, with store of value (-11.1%), NFT applications (-10.2%), AI (-9.9%), file storage (-9.4%), and meme coins (-9.4%) also seeing substantial declines.
DeFi decreased by 8.5%, Ethereum by 8.4%, first-generation smart contracts by 8.0%, oracles by 7.8%, cross-chain bridges by 7.7%, DePIN by 7.6%, smart contract platforms by 7.5%, and data services by 7.0%.
Bitcoin dropped 6.6%, exchange tokens declined 5.4%, utility and services fell 4.8%, showing relatively limited declines and indicating a divergence among sectors.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zcash approaches death cross, will ZEC test the critical support level of $200?
February 24 News, Privacy coin Zcash (ZEC) has recently been under continuous pressure, with a total decline of over 20% in the past 7 days. As of press time, the price of Zcash is approximately $231, down 28% from this month's high and more than 50% lower than at the beginning of the year. Against the backdrop of waning risk appetite in the crypto asset market, combined with technical and fundamental factors, market participants remain cautious about ZEC's future trajectory.
On the fundamental side, the Electric Coin Company development team previously resigned collectively due to governance disputes with the non-profit organization Bootstrap. Although the incident did not lead to a blockchain fork, and the protocol layer operation of the ZEC token was not directly impacted, organizational uncertainty has weakened investor confidence in the ecosystem's long-term development.
GateNewsBot3m ago
LUNA (Terra) increased by 6.08% over the past 24 hours, with a market capitalization of approximately $45.4 million
Gate News Bot Message, February 24th, according to CoinMarketCap data, LUNA (Terra) is currently trading at $0.06, up 6.08% in the past 24 hours, reaching a high of $0.07 and a low of $0.06. The 24-hour trading volume is $19.6 million. The current market cap is approximately $45.4 million, an increase of $2.6 million from yesterday.
GateNewsBot28m ago
Bitcoin has fallen for five consecutive months, dropping below $63,000 again.
The cryptocurrency market continues to be sluggish, with Bitcoin falling below $63,000 and the panic index at an extreme fear level. Global stock markets have declined due to AI and geopolitical risks, while precious metals are favored. Tensions between Trump and Iran have escalated, and new tariff policies have triggered market panic, boosting risk aversion. Analysis indicates that the Bitcoin market needs to restore demand, and liquidity is expected to gradually recover.
TechubNews40m ago
MET (Meteora) has decreased by 15.59% over the past 24 hours, now trading at $0.17
Gate News Bot message, according to CoinMarketCap data, as of press time, MET (Meteora) is currently priced at $0.17, down 15.59% in the past 24 hours, with a high of $0.23 and a low of $0.17. The 24-hour trading volume reached $25.9 million. The current market capitalization is approximately $83.2 million, a decrease of about $15.36 million compared to yesterday.
GateNewsBot45m ago
Bitcoin drops below $63,000! Tariffs and geopolitical tensions heat up, triggering a sell-off, with a 27% decline so far this year.
Bitcoin plummeted over 5% due to rising global tariffs and increased Middle Eastern geopolitical risks, breaking below the $63,000 psychological level. It has declined a total of 27% this year. Market analysis suggests that this drop is driven by a risk sentiment reset rather than a crisis unique to the crypto market. Changes in the macro liquidity environment will continue to impact the performance of crypto assets.
ChainNewsAbmedia49m ago
FOGO (Fogo) increased by 13.16% in the past 24 hours
Gate News Bot Message, February 24 — According to CoinMarketCap data, as of press time, FOGO (Fogo) is trading at $0.03, up 13.16% in the past 24 hours. The price reached a high of $0.03 and dipped to a low of $0.02. The current market cap is approximately $105 million, an increase of $12.3 million from yesterday.
Fogo is an L1 blockchain built for traders, featuring a 40-millisecond block time and 1.3-second confirmation time. The chain uses a custom Firedancer client to ensure stability and speed, is compatible with the Solana Virtual Machine, and supports all Solana applications and tools. Validator nodes are deployed across Asia and various global locations to ensure low latency and high reliability.
The ecosystem includes Ambient Finance (leveraged perpetual contract trading), Valiant (spot trading)
GateNewsBot57m ago
