Cryptocurrency Weekly Report (Feb 23 – Mar 1): Mild Recovery Amid Extreme Fear
Cryptocurrency Weekly Report (Feb 23 – Mar 1): Mild Recovery Amid Extreme Fear
Market Overview
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Global Market Cap: $2.35 Trillion (up 2.17% WoW).
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BTC Dominance: 56.09% (Market Cap: $1.32 Trillion).
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Fear & Greed Index: 9 (Extreme Fear), indicating market sentiment is at a cyclical low.
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ETF Capital Flows:
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BTC ETFs: Weekly net inflow of $787 Million (Cumulative: $54.8 Billion).
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ETH ETFs: Weekly net inflow of $80.46 Million (Cumulative: $11.6 Billion).
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Capital Flows & Stablecoins
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Total Market Cap: $312 Billion (down 2.33%).
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Competitive Landscape: USDT (58.87%) remains dominant, followed by USDC (24.1%).
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New Supply: 2.69 Billion newly issued this week (100% USDC), up 28.83% WoW, signaling potential "buy the dip" liquidity.
On-Chain Ecosystem Performance
DeFi Overview
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Total TVL: $93.143 Billion (up 1.37%).
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Distribution by Chain: Ethereum (56.90%), Solana (6.98%), BNB Chain (5.93%).
Layer 1 Activity
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Solana: Most active in trading, DEX volume surged 38.5% ($3.06B), despite an 11.7% pullback in active addresses.
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Aptos: Strongest TVL growth, up 14.4% WoW, with DEX volume rising 29%.
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BNB Chain: Explosive growth in DEX volume, surging 85.9%.
Layer 2 Dynamics
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Total TVL: $31.81 Billion (down 3.49%).
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The Top Two: Base (36.51%) officially surpassed Arbitrum (33.94%) to claim the top spot in L2 market share.
Key Projects & Industry Updates
New Projects to Watch
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Cash City: A high-volatility, Degen-style GameFi on Solana.
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Spirit Protocol: On-chain autonomous Agent economic infrastructure on Base.
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NUVA Finance: Institutional-grade RWA protocol co-developed by Animoca Brands.
Key Event Reminders
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Mar 3: Rayls opens RLS pre-staking lock-up ahead of Q3 mainnet launch.
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Mar 4: 8004 Launch Day, showcasing ERC-8004 native agent systems.
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Mar 9: DoubleZero starts Phase 2 delegation to expand its global validator network.
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Funding: Omni-channel platform Based closed an $11.5M Series A (led by Pantera).
References
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