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.
Crypto market analysis: The overall cryptocurrency market cap was $1.695 trillion this week, down 4.56% from last week, with BTC and ETH market cap at 43.32% and 18.07% respectively. BTC market cap market cap rose slightly, ETH market cap market cap decreased slightly.
Market review: Total value locked (TVL) is $ 197.46 billion, with Terra performed well last week. TVL in layer 2: total value locked (TVL) is $5.73 billion, 2.33% higher than last week.
Projects review: Zcash (ZEC), Stacks (STX) and Synthetix network token (SNX) are the three gainers among top 100 market cap projects. New projects such as Brickken, Cryptoverse, Axelar, Pax World and LunaVerse are worthy of attention.
Weekly Breaking News: On March 12, BAYC parent company Yuga Labs announced the acquisition of the CryptoPunks and Meebits NFT series developed by Larva Labs.
Investment and Financing News: There were a total of 41 investment and financing deals this week , with a total value of over $0.94 billion. The largest financing occurred in the Metaverse field. Digital real estate platform Roofstock closes $240 million Series E at a $1.94 billion valuation.
For full details and graphs, download the report here