Abstract
- In February, the total crypto market cap trended downward, dropping from $3.6T to below $3.0T by late month, signaling increased selling pressure.
- BTC fell from $100K, briefly dipping below $80K, while ETH plunged nearly 30% to around $2,200.
- Sui’s active addresses grew 35.81%, reflecting ecosystem growth.
- Ethena remained resilient due to its unique mechanism and high yields. TRUMP token’s on-chain volume dropped 86.9% to $5.3B.
- A hacker incident drove THORChain’s volume to $860M, as stolen ETH from Bybit was converted to BTC for further transfers.
- Web3 saw 134 funding deals totaling $1.02B, down 6.4%, with CeFi and blockchain services leading at $301M and $223M. Security losses hit $1.676B, mostly from account breaches and contract flaws (53.3%).
- On March 5-6, 2025, ENA and RED token unlocks will reach 64% and 480% of circulating supply.
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Author: Evelyn
Translator: Piper
Reviewer(s): Wayne、Edward
Translation Reviewer(s): Ashley、Joyce
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