Analysis: Although the crypto market sentiment was subdued in early 2026, various metrics still showed significant growth compared to the previous cycle.

DeepFlowTech · 2026-02-24T11:53:23+00:00

The cryptocurrency market was subdued in early 2026, but the stablecoin market cap reached $300 billion, a sixfold increase from 2020. Bitcoin underperformed compared to the S&P 500 and gold, while Ethereum dominated the stablecoin market, and BNB Chain grew by 133%. In 2025, BNB Chain DEX trading volume increased by 100%, Solana's daily active users reached 4.1 million, and BNB Chain reached 1.9 million.

DeepFlowTech

2026-02-24 11:53:23

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Deep Tide TechFlow News, February 24 — CryptoQuant analyst Maartunn stated that although the cryptocurrency market remains subdued in early 2026, the stablecoin market cap has reached $300 billion, a sixfold increase since 2020, with weekly trading volume doubling to $60 billion. Bitcoin has underperformed the S&P 500 and gold this year, despite ETF approvals. Ethereum continues to dominate the stablecoin market, but BNB Chain’s growth of 133% year-over-year is the most notable. In 2025, DEX trading volume on BNB Chain increased by 100%, and in July, it accounted for 30% of the DEX market, surpassing ETH and SOL. User numbers have significantly increased compared to the previous cycle, with Solana’s daily active users reaching 4.1 million and BNB Chain’s reaching 1.9 million.

BTC-0,9%

ETH-0,54%

BNB-1,73%

SOL-0,85%

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