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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