Cryptocurrency Weekly Report (Feb 2-8, 2026) Panic Prevails, Capital Accumulates

Market Overview

• Global Market Cap: $2.48 Trillion (down 8.15% WoW).
• BTC Dominance: 56.85% (Market Cap: $1.41 Trillion).
• Fear & Greed Index: 13 (Extreme Fear), reflecting deeply depressed sentiment amid the market correction.
• ETF Capital Flows:
  • BTC ETFs: Weekly net outflow of $689 Million (Cumulative inflow: $54.65 Billion).
  • ETH ETFs: Weekly net outflow of $21.37 Million (Cumulative inflow: $11.8 Billion).

Capital Flows & Stablecoins

• Total Market Cap: $307.9 Billion (slight decrease of 0.67%).
• Competitive Landscape: USDT (59.88%) leads, while USDC (23.67%) shows steady growth.
• New Supply: 7.732 Billion newly issued this week (USDC 5.732B, USDT 2B), a 358% surge WoW, signaling strong potential for "buy-the-dip" capital.

On-Chain Ecosystem Performance

DeFi Overview

• Total TVL: $98.56 Billion (down 6.93%).
• Distribution by Chain: Ethereum (57.54%), Solana (6.58%), BNB Chain (5.61%).

Layer 1 Activity

• BNB Chain/Ton: Most resilient performers, with daily active addresses growing by 7.66% and 8.3% respectively.
• Solana: Experienced a pullback with TVL dropping 22.66% and DEX volume down 20.32%.
• Ethereum/Sui/Aptos: Significant retreats in activity, with DEX volumes falling over 50%.

Layer 2 Dynamics

• Total TVL: $31.73 Billion (down 5.78%).
• The Top Two: Base (36.85%) remains at the top spot, maintaining its lead over Arbitrum (34.77%).

Key Projects & Industry Updates

New Projects to Watch

• Kairos: A professional-grade prediction market aggregator (Led by a16z crypto).
• Euclid Protocol: An omni-chain liquidity layer designed to solve liquidity fragmentation.
• Payy Network: A ZK-Layer 2 payment network focused on privacy and compliance.

Key Event Reminders

• Feb 5: Rainbow Wallet completed its TGE and opened its 15% airdrop claim.
• Feb 10-11: Warp Chain (WRP) to hold its IDO, aiming to raise $250,000.
• Feb 23: Turbo Battle Arena (TBA) will hold its Token Generation Event (TGE).
• Major Funding: Jupiter secured $35M in strategic investment; TRM Labs raised $70M in Series C funding.

References