Weekly Crypto Report: Comprehensive Market Analysis of Blockchain, DeFi, NFT, and Beyond
Welcome to Web3, Blockchain & Crypto Weekly Magazine, the ultimate source for the latest updates in the world of blockchain, cryptocurrency, and the evolving Web3 ecosystem. Each week, we provide you with a comprehensive overview of breaking news, insightful analyses, and in-depth coverage of key industry trends.
In this fast-paced and highly competitive digital era, staying informed is crucial. Our mission is to offer curated content that simplifies complex data and concepts into easily understandable insights, empowering you to navigate the ever-changing landscape of Web3, blockchain, and crypto with confidence.
Our weekly report is meticulously crafted using original data from reputable platforms such as Coingecko, Defilama, Coinmarketcap, Blockworks, ETFdb, Cryptoslam, ICODrops, and Crunchbase. By leveraging these trusted sources, we ensure the accuracy and reliability of our analyses.
Here’s a sneak peek of what you can expect from each edition of Web3, Blockchain & Crypto Weekly Magazine:
1. Blockchain Performance: We analyze the top-performing blockchains, highlighting the movers and shakers based on their 7-day changes and Total Value Locked (TVL).
2. Cryptocurrency Market: We cover prices, dominance trends, and notable gainers and losers of the week.
3. Stablecoin Overview: We explore the stability and growth of leading stablecoins using metrics like market capitalization, dominance, and trading volume.
4. Bitcoin ETF Market Analysis: We examine the evolving landscape of Bitcoin ETFs, including futures and spot.
5. DeFi Market Overview: We provide insights into the decentralized finance sector, tracking metrics like 7-day TVL.
6. NFT Marketplace Analysis: We delve into NFT marketplace activity and highlight the top NFT collectible sales.
7. Web3 Funding Analysis: We reveal an overview of the ICO landscape.
8. Weekly Blockchain Hack Analysis: We provide clear insights about hacks and associated losses.
Web3, Blockchain & Crypto Weekly Magazine is your trusted companion on the journey towards a decentralized future. Join us each week as we unravel the latest developments using original data.
Web3, Blockchain & Crypto Weekly Report
This analysis report, backed by high-quality data, covers the major developments in the Web3, Blockchain, and Crypto landscape for this week.
1. Breaking News This Week
– The SEC has charged the former CEO of Zipmex Thailand, Akarlap Yimwilai, with fraudulent activities during his tenure.
– Hub 8 Bitcoin Mining announces a leadership change following allegations against former management practices and finances.
– HELLO Labs partners with MarketAcross to launch a crypto television series called “Killer Whales” to entertain and educate the global audience on blockchain technology.
– The NBA faces a class-action lawsuit alleging negligence in promoting defunct crypto exchanges.
– Ethereum staking reaches a milestone of 25% of the total supply being staked.
– The SEC delays its decision on a joint spot Ethereum ETF proposal for the second time.
– South Korean authorities launch an investigation into OKX over allegations of improper registration and influencer-driven promotions.
– Binance denies claims of a data breach made by a hacker.
– South Korea’s Financial Supervisory Services expresses interest in exploring spot Bitcoin ETFs.
– El Salvador’s President Nayib Bukele wins a landslide victory in the country’s elections.
2. Blockchain Performance
In this section, we analyze the top-performing blockchains based on their 7-day change and the top performers among the top five blockchains with the highest TVL.
2.1. Top Blockchain Performers by 7-Day Change
This week’s top blockchain performers based on their 7-day change are ZetaChain (+3318%), Omax (+585%), Algorand (+183%), Kintsugi (+125%), and Bitcoin (+68.76%).
ZetaChain showed the most significant growth, followed by Omax and Algorand. Kintsugi and Bitcoin also experienced notable increases.
2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL
Ethereum, Tron, BSC, Arbitrum, and Solana are the top five blockchains based on TVL. Among them, Ethereum led with a 7-day change of +18.09% this week, indicating significant growth. Solana followed closely with a change of +12.38%. Tron and Arbitrum experienced moderate increases of +7.28% and +6.40%, respectively. BSC showed the smallest change at +2.10%.
3. Crypto Market Analysis
The crypto market analysis focuses on price and dominance trends and identifies the top gainers and losers of the week.
3.1. Crypto Price and Dominance Analysis
The total cryptocurrency market capitalization is $1,871,882,825,034, with a total crypto volume of $93,544,148,196.
Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), and XRP are the top cryptocurrencies based on market cap. Solana showed the most significant rise at 10.6%, followed by Bitcoin with a 9.8% increase. Ethereum, Binance Coin, and XRP also performed well with gains of 8.0%, 7.4%, and 3.6%, respectively. USDT demonstrated a slight increase of 0.1%.
3.2. Top Gainers & Losers of the Week in the Crypto Market
The top gainers of the week in the crypto market include Dymension, Kaspa, Bonk, BitTorrent (New), and Terra Classic, with Dymension leading the pack with a 91.19% increase.
The top losers of the week in the crypto market include Monero (XMR), Ronin (RON), Jupiter (JUP), Frax Share (FXS), and WEMIX (WEMIX), with Monero experiencing the most significant decline at -28.04%.
3.3. Stablecoin Weekly Analysis
Tether (USDT), USDC (USDC), DAI (DAI), First Digital USD, and TrueUSD are the top stablecoins based on market capitalization. Tether maintained its dominant position with a market capitalization of $96.27 billion and a market dominance of 71.81%. USDC and DAI also experienced moderate declines in market capitalization. However, First Digital USD and TrueUSD showed relatively stable market capitalization.
4. Bitcoin ETF Weekly Analysis
Bitcoin Futures ETFs and Bitcoin Spot ETFs are analyzed separately to provide a comprehensive view of the Bitcoin ETF market.
4.1. Bitcoin Futures ETF Weekly Analysis
Global X led the Bitcoin Futures ETFs with a gain of 8.61%. ProShares, Ark/21 Shares, and Valkyrie followed closely, gaining +4.45%, 4.37%, and +3.50%, respectively. VanEck recorded a modest 0.33% gain.
4.2. Bitcoin Spot ETF Weekly Analysis
Bitwise, Grayscale, and Fidelity led the Bitcoin Spot ETFs with gains of 4.43%, 4.42%, and 4.41%, respectively. Ark/21 Shares and BlackRock closely followed, gaining 4.39% and 4.30%, respectively.
5. DeFi Market Weekly Status Analysis
EigenLayer led the DeFi market with a robust growth of 181%. Lido, JustLend, and AAVE followed with increases of 9.18%, 7.08%, and 6.82%, respectively. Maker also marked a 4.47% increase.
6. NFT Marketplace: A Basic Weekly Analysis
X2Y2 led the NFT market with a 143% increase in trading volume compared to the previous week. Opensea and Blur Aggregator followed with volume surges of 25.64% and 24.12%, respectively. Blur showed a moderate volume surge of 15.20%, while Gem experienced a decline of 14.69%.
6.1. Top NFT Collectible Sales this Week
The top NFT collectible sales this week included Bored Ape Yacht Club #1726, CryptoPunks #1510, CryptoPunks #9736, CryptoPunks #735, and Azuki #9143.
7. Web3 Weekly Funding Analysis
In the ICO landscape, Ta-da, MeMusic, Meson.Network, Lends, Icon.X World, and Web3War are the major ICOs that ended this week.
8. Weekly Blockchain Hack Analysis
As of February 10, 2024, the total value hacked is $7.65 billion. The total value hacked in DeFi is $5.79 billion, and the total value hacked in bridges is $2.83 billion. Several hacks were reported, including Abracadabra, Concentric, Bungee, Wise Lending, and Gamma.
In conclusion, this week’s comprehensive analysis of Web3, Blockchain, and Crypto provides valuable insights to stay up-to-date with market developments. As the landscape continues to evolve, integrating technology and data-driven decision-making becomes crucial for navigating the dynamic realms of decentralized technologies.