Despite the market downturn, Chainlink sees strong accumulation.

Daily LINK transactions >$100K hit a post-2023 high (1,659), while active wallets (9,531) reached a four-week peak.

Messari calls Q4 2024 one of Solana’s strongest periods:

– Chain GDP has grown +213% to $840M
– TVL reached $8.6B
– DEX volume increased on +150% to $3.3B daily
– Liquid-staked SOL: +33% to 11.2%

Read the full Messari report here.

The Solana network has been running without disruptions for a full year, with the last outage recorded on February 6, 2024.

This marks the longest uninterrupted uptime in the blockchain’s history.

Ethereum’s net outflow from derivative exchanges dropped below 300,000 ETH for the first time since August 2023.

This could indicate increasing demand for the asset outside centralized platforms.

As of February 2025, Ethena surpassed $250 million in protocol revenue, with $165 million generated in the past three months alone.

If this pace continues, its annualized revenue could reach new highs.

Bitcoin Network Activity Index dropped 15% since November, now standing at 3,760 – its lowest since February 2024.

The last time it fell this low was July 2021, following China’s mining ban.

Three weeks since $TRUMP launched: Solana’s stablecoin supply doubled.

While total supply has surged, daily active addresses for Solana stables have reverted to pre-$TRUMP levels, hovering around 230K per day.

Only 18% of RAY remains in CEX wallets, with just a third of that in hot wallets.

The rising staking rate is further reducing liquid supply in the market.

Peer-to-peer transactions have become a major force behind stablecoin supply growth, highlighting the impact of network effects.

DEXs have contributed to recent surges, but their influence has been less pronounced over time.

Ethereum’s supply has now surpassed its pre-Merge levels.

As of February 10, there are 120,532,693 ETH in circulation – 11,552 ETH more than on September 15, 2022, the day of the Merge upgrade.

The research day has come 🙌

General
➖ CoinGecko: Bobby’s Crypto Aggregate (Jan 2025): All About Trump
➖ Coinbase: Advancing Agentic AI
➖ Binance: Monthly Market Insights - February 2025
➖ Galaxy: Weekly Top Stories - 2/7
➖ Galaxy: Ethereum All Core Developers Consensus Call #150 Writeup

Market
➖ CoinGecko: Crypto Trading Volumes Reached $18.83T in 2024, Still Below 2021's $25.21T Peak
➖ Coinbase: Weekly: The “Most Beautiful” Word
➖ Cointelegraph: TRON’s 2024 Progress: From Usage Growth to Mass Adoption
➖ Glassnode: Gemini + Glassnode: 2025 Crypto Market Trends
➖ Galaxy: Tariff Turbulence and Policy Plays

DeFi
➖ CoinShares: The Perpetual DEX Sector: A Great Leap Forward
➖ Cointelegraph: The Future of DeFi: Compliance, RWAs, and Stablecoin Innovations

Blockchains & networks
➖ 4pillars: 2025: The Year Sui Goes Mainstream - Here’s All the Alpha You Need
➖ 4pillars: Abstract: A Blueprint For Disneyland In Crypto

Tokens & currencies
➖ 4pillars: The Future of $ANIME is Yours
➖ Crypto.com: From Trading to Broader Adoption: The Significance of Meme Coins

GameFi & NFTs
➖ CoinGecko: Pudgy Penguins NFT Holders Have Received Over $137K in Airdrops
➖ Footprint: January 2025 Web3 Game Report: Sector Declines Amid Broader Market Gains

A key resistance level is emerging as 1.6 million addresses hold 1.57 million BTC purchased at $97.2K on average.

With losses mounting, these holders may exit near breakeven, increasing selling pressure and complicating any sustained breakout.

On-chain data indicates no irregularities in exchange reserves, which remain near ATHs in USD terms.

While BTC holdings are steady, ETH, USDT, and USDC reserves have grown compared to last year.

Priority fees have accounted for over 95% of revenue in the last three days, signaling high user demand.

Since launch, 10K BGT has been redeemed, with total emissions hitting 670K BGT.

Since early 2023, Bitcoin’s realized cap has risen 121% to $843B, and Ethereum’s has grown 45% to $256B.

Solana saw the highest surge, skyrocketing 295% from $21B to $83B.

The market cap of altcoins dropped by $234 billion in the past two weeks, while BTC remains more stable.

Despite investors' realized losses of $520 million – the largest in this cycle – it's still much lower than the $1.3 billion in losses recorded in August 2023.