CoinW Research Institute Weekly Report (February 05, 2025 — February 09, 2025)
Key Points
● The total market cap of global cryptocurrencies stands at $3.29 trillion, down 2.1% from last week’s $3.36 trillion. As of press time, the US Bitcoin Spot ETF has had a cumulative total net inflow of $40.7 billion, with a net inflow of $200 million this week. while the US Ethereum Spot ETF has had a net inflow of $3.18 billion, with a net inflow of $420 million this week.
● The total market cap of stablecoins is $232 billion, with USDT holding a market cap of $141.8 billion (61.1% of the total stablecoin market cap); USDC follows with a market cap of $56.2 billion (24.2%); and DAI has a market cap of $5.37 billion (2.3%).
● The total TVL of DeFi this week is $105.3 billion, an decrease of 2% compared to last week. Breaking down by public chains, the top three public chains in terms of TVL are Ethereum with a 52.98% share; Solana with an 8.65% share; and Bitcoin with a 6.3% share.
● On-chain data shows that the daily trading volume of Layer 1 public chains generally declined this week, possibly influenced by the token TST. However, BNB’s daily trading volume increased by 98% against the trend.
In terms of transaction fees, there were no significant changes. Looking at daily active addresses, ETH showed the most significant decline, down 7.3% from last week. The total TVL of Ethereum Layer 2 is $35.5 billion, with a 4.68% decrease this week compared to last week.
● Innovative project to watch: @moveflowlabs_: A token management infrastructure for vesting, airdrops, and subscriptions. Its supporters include @Aptos @OVioHQ @opencampus_xyz; Blast: The first memecoin to adopt the Proof — of — Jeet consensus. Proof — of — Jeet is a novel economic mechanism; TerpLayer: A BTC — Fi infrastructure protocol on Berachain. It promotes the development of the DeFi ecosystem by seamlessly integrating BTC assets with the PoL mechanism.
Content
1. Total Market Value of Cryptocurrencies / Proportion of Bitcoin’s Market Value
4. ETH/BTC and ETH/USD exchange rates
5. Decentralized Finance (DeFi)
7. Market Value and Additional Issuance of Stablecoins
II Trend of Hot Money This Week
1. The top five VC coins and Meme coins with the largest increases in price this week
III New Trends in the Industry
1. Major Events in the Industry This Week
2. Major Events to Take Place Next Week
3. Important Investment and Financing Activities Last Week
I. Market Overview
1. Total Market Value of Cryptocurrencies / Proportion of Bitcoin’s Market Value
The total market cap of global cryptocurrencies stands at $3.29 trillion, down 2.1% from last week’s $3.36 trillion.
As of the press time, the market cap of Bitcoin stands at $1.92 trillion, accounting for 58.32% of the total cryptocurrency market cap. At the same time, the market cap of stablecoins is $232 billion, representing 7.06% of the total market cap of cryptocurrencies.
2. Fear & Greed Index
The Crypto Fear & Greed Index is 41, indicating a neutral sentiment.
3. EFT inflows/outflows data
As of press time, the US Bitcoin Spot ETF has had a cumulative total net inflow of $40.7 billion, with a net inflow of $200 million this week. while the US Ethereum Spot ETF has had a net inflow of $3.18 billion, with a net inflow of $420 million this week.
4. ETH/BTC and ETH/USD exchange rates
ETHUSD: Currently at $2,623, with an all-time high of $4,878, a decline of approximately 45.92% from the highest price
ETHBTC: Currently at 0.027228, with an all-time high of 0.1238
5. Decentralized Finance (DeFi)
According to DeFiLlama data, the Total Value Locked (TVL) in DeFi this week is $105.3 billion, down 2% from last week.
Breaking down by public chains, the top three public chains in terms of TVL are Ethereum with a 52.98% share; Solana with an 8.65% share; and Bitcoin with a 6.3% share.
6. On-chain data
Layer 1 Related Data
Mainly analyzes the current main Layer1 including ETH, SOL, BNB, TON, SUI, and APT related data from daily transaction volume, daily active addresses, and transaction fees.
● Daily Trading Volume and Transaction Fees: Daily trading volume and transaction fees are core indicators for measuring the activity level of public chains and user experience. This week, except for BNB, the daily trading volume of other chains declined, with SOL showing the most significant drop of 38.9% compared to last week. Additionally, possibly influenced by the token TST, BNB’s daily trading volume increased by 98% against the trend. In terms of transaction fees, the fees of ETH showed a downward trend, and there was little overall change.
● Daily active addresses and TVL: Daily active addresses reflect the participation in the public chain ecosystem and user stickiness, TVL reflects the trust of users in the platform. Looking at daily active addresses, ETH showed the most significant decline, down 7.3% from last week. In terms of TVL, the TVL of BNB increased by 4.4% compared to last week, while the TVL of other public chains showed a downward trend.
Layer 2 Related Data
●According to L2Beat data, the total TVL of Ethereum Layer 2 reached $35.5 billion, an overall decrease of 4.68% this week compared to last week.
● Arbitrum and Base lead the market with 31.29% and 28.41% market share, respectively, although their overall market share has declined.
7. Market Value and Additional Issuance of Stablecoins
According to Coinglass, the total market cap of stablecoins is $232 billion. Among them, USDT holds a market cap of $141.8 billion (61.1% of the total stablecoin market cap); USDC follows with a market cap of $56.2 billion (24.2%); and DAI has a market cap of $5.37 billion (2.3%).
According to data from Whale Alert, this week, the USDC Treasury issued a total of 320 million USDC, and the Tether Treasury issued 1 billion USDT. This week, the total issuance of stablecoins was 1.32 billion, a 26.3% decrease compared to the total issuance of stablecoins last week.
II. Trend of Hot Money This Week
1. The top five VC coins and Meme coins with the largest increases in price this week
The top five VC coins with the largest price increases in the past week
The top five Meme coins with the largest price increases in the past week
2. Insights into New Projects
@moveflowlabs_: A token management infrastructure for vesting, airdrops, and subscriptions. Its supporters include @Aptos @OVioHQ @opencampus_xyz.
Blast: The first memecoin to adopt the Proof — of — Jeet consensus. Proof — of — Jeet is a novel economic mechanism.
TerpLayer: A BTC — Fi infrastructure protocol on Berachain. It promotes the development of the DeFi ecosystem by seamlessly integrating BTC assets with the PoL mechanism.
III. New Trends in the Industry
1. Major Events in the Industry This Week
● The Berachain Foundation announced the launch of the Berachain mainnet, with Bera NFT airdrops now available for claiming. Holders are required to bridge their NFTs from Ethereum to Berachain.
● Tether announced the signing of a Memorandum of Understanding (MoU) with Reelly Tech, a UAE — based real — estate B2B platform. Tether and Reelly Tech will develop an interactive education series and promote it on Reelly Tech’s platform. The program aims to help agents explore the transformative potential of stablecoins in real — estate transactions and understand various practical applications, such as USDT transfers for real — estate purchases.
● The NEAR Foundation announced the launch of the NEAR AI Agent Fund, which will deploy $20 million in liquidity on-chain over the next few months, focusing on expanding the development of fully autonomous and verifiable agents built on NEAR technology to support new types of decentralized AI use cases and mass-market consumer solutions.
● The tokenized real — asset platform Ondo Finance announced the launch of the Layer 1 blockchain Ondo Chain at its first Ondo Summit. This network is designed for tokenizing real — world assets, aiming to connect traditional capital markets with decentralized finance. Ondo Chain aims to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains such as Ethereum.
2. Major Events to Take Place Next Week
● B3, a Layer 3 gaming network built on Base, announced the launch of its recently announced B3 token on February 10, accompanied by an airdrop event. Network activity snapshots will be taken before the planned “S1 Airdrop,” with more airdrops, tournaments, and gamified ways to earn B3 expected in the future. B3 stakers will receive certain benefits, including access to dedicated game chain tokens, early access to new games on the network, and other potential rewards.
● The Berachain Foundation announced that the second part of the Berachain airdrop will be open for claiming on February 11. The airdrop recipients include the top X (10) active users and Discord users (Berachain + Bong Bear NFT servers); participants in the RFB program (applicants and community members). Airdrop recipients must register their wallets before February 10 to receive the allocation, and the tokens will be available for claiming starting on February 11.
● TapSwap, a Telegram click — to — earn game, announced that its upcoming TAPS token will be launched on the BNB Chain instead of the TON network as originally planned. The game postponed the token launch in search of better market conditions. After completing the first — season game on February 6, the project decided to proceed with the token launch on the BNB Chain, scheduled for February 14.
3. Important Investment and Financing Activities Last Week
● Reservoir, Series A, raised $14 million. The investors include USV, Coinbase Ventures, Archetype, 1kx, Variant Fund, Delphi Digital, Nascent, Framework Ventures, The LAO, Spaceship DAO, Sapphire Ventures, etc. Reservoir is a token and NFT trading infrastructure with a suite of products including Relay, a bridge and trading platform for Solana, Bitcoin, Tron, EVM chains, and rollup networks; Reservoir Swap, a decentralized exchange and token API; and Reservoir NFT, an NFT market and API. (February 05, 2025)
● The Game Company raised $10 million. The investors include BullPerks, Telcoin, SingularityDAO, Hypercycle, NodeMarket, Paul Neuner, etc. The Game Company is the next — generation cloud — gaming infrastructure based on blockchain technology. It uses proprietary ultra — low — latency cloud technology to provide high — performance gaming without the need for expensive hardware. (February 07, 2025)
● Superlogic, Series A, raised $13.7 million. The investors include Powerledger, Nima Capital, Dispersion Capital, Sanctor Capital, Galaxy Interactive, Sangha Capital, Liquid2 Ventures, 10SQ, Actai Unicorn Fund, Hyla Liquid Venture Fund, Recharge Capital, etc. Superlogic is an enterprise — level loyalty platform. Its technology is customized for enterprise customers based on SaaS and can be seamlessly integrated with existing CRM, CDP, and traditional loyalty management systems. (February 07, 2025)
