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. 28th – March 6th Overview

Crypto market analysis: The overall cryptocurrency market cap was $1.701 trillion this week, 4.22% lower than last week, with BTC and ETH market cap are 43.38% and 18.37% respectively. BTC market cap market cap rose slightly, ETH market cap market cap decreased slightly.

Market review: Total value locked (TVL) is $ 192.98 billion, with Waves performed well last week. TVL in layer 2: total value locked (TVL) is $5.60 billion, 0.68% lower than last week.

Projects review: Waves (WAVES), THORChain (RUNE) and Chiliz (CHZ) are the top three gainers among top 100 market cap projects. New projects such as Brickken, Stepn, Basketballverse, Legion Network and Launchblock.com are worthy of attention.

Weekly Breaking News: Terra ecological development organization Luna Foundation Guard (LFG) has decided to exchange 5 million LUNA in the LFG vault for UST.

Investment and Financing News: There were a total of 36 investment and financing deals this week , with a total value of over $0.38 billion. The largest financing occurred in the DeFi field. Lido, a liquid pledge protocol, received a $70 million investment from a16z.

For full details and data, download the report here

Posted by Editor