Huobi Research is a blockchain industry think tank affiliated with Huobi Global. Our weekly reports provide the latest data on market activity, project developments and critical events. For this week’s update, check out our overview and full report below.

Feb 21st – 27th Overview

Crypto market analysis: The overall cryptocurrency market cap was $1.776 trillion this week, down 0.62% from last week, with BTC and ETH market cap are 42.43% and 18.99% respectively. BTC market cap market cap decreased slightly, ETH market cap market cap rose slightly.

Market review: Total value locked (TVL) is $ 196.54 billion, with Fantom performed well last week. TVL in layer 2: total value locked (TVL) is $5.57 billion, 5.21% lower than last week.

Projects review: Anchor Protocol (ANC), Terra (LUNA) and Waves (WAVES) are the top three gainers among top 100 market cap projects. New projects such as Brickken, JPEG’d, Gamium, Ancient8 and Fayre are worthy of attention.

Weekly Breaking News: Ref Finance, Allbridge, and Celo Foundation will cooperate to provide $4.3 million in cross-chain rewards.

Investment and Financing News: There were a total of 30 investment and financing deals this week , with a total value of over $1.22 billion. Luna Foundation Guard (LFG) announced the completion of $1 billion in financing.

For full details and data, download the report here

Posted by Editor