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Jan 26 – Feb 2, 2026 On-Chain Resilience Amid Market Plunge

2026-02-03Beginner
2026-02-03
Beginner
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Market Overview

 
  • Global Market Cap: $2.70 Trillion (down 11.5% WoW).
  • BTC Dominance: 57.76% (Market Cap: $1.56 Trillion).
  • Fear & Greed Index: 13 (Extreme Fear), reflecting a sharp market correction and pessimistic sentiment.
  • ETF Capital Flows:
    • BTC ETFs: Weekly net outflow of $1.49 Billion (Cumulative inflow: $55.01 Billion).
    • ETH ETFs: Weekly net outflow of $327 Million (Cumulative inflow: $11.97 Billion).
 

Capital Flows & Stablecoins

 
  • Total Market Cap: $310 Billion (slight decrease of 0.26%).
  • Competitive Landscape: USDT (59.7%) leads, followed by USDC (22.6%).
  • New Supply: 1.688 Billion newly issued this week (100% USDC), signaling continued institutional or compliant capital entry despite secondary market weakness.
 

On-Chain Ecosystem Performance

 

DeFi Overview

  • Total TVL: $105.9 Billion (down 9.6%).
  • Distribution by Chain: Ethereum (56.45%), Solana (7.95%), BNB Chain (5.7%).

Layer 1 Activity

  • Solana: Strongest resilience; DEX volume rose 49.4% ($4.71B), and TVL increased by 6.9% against the market trend.
  • Ethereum: Surge in activity; DEX volume jumped 192.7%, and daily active addresses grew by 78%.
  • Aptos: Explosive growth in daily active addresses, up 63.3% (reaching 1.56M), though TVL dropped 14.3%.
  • Sui/TON: Experienced significant pullbacks in both TVL and user activity.

Layer 2 Dynamics

  • Total TVL: $33.68 Billion (down 8.1%).
  • The Top Two: Base (36.26%) remains at the top spot, maintaining its lead over Arbitrum (34.81%).
 

Key Projects & Industry Updates

 

New Projects to Watch

  • Polaris: A self-scaling stablecoin OS for DeFi, focusing on sustainable yield generation.
  • Probable: A native prediction market protocol on BNB Chain (backed by YZi Labs).
  • SectorOne: A native high-performance DEX within the MegaETH ecosystem, specializing in dynamic liquidity.

Key Event Reminders

  • Feb 2: ZAMA Pre-TGE subscription begins; Rainbow Wallet launches CCA auction on Uniswap.
  • Feb 3 - Feb 7: Flying Tulip (founded by Andre Cronje) starts a $200M public sale on CoinList.
  • Feb 3: Usual Protocol’s USUALx unstaking window closes and processes requests.
  • Feb 9: MegaETH Public Mainnet Launch, introducing a KPI-linked token release mechanism.
 

References

 
1.Coingeck: https://www.coingecko.com/en/charts
2.Coinglass: https://www.coinglass.com/pro/i/FearGreedIndex
3.Sosovalue: https://sosovalue.com/zh/assets/etf
4.Ratiogang: https://ratiogang.com/
5.Defillama: https://defillama.com
6.L2Beat: https://l2beat.com/scaling/tvs
7.Footprint: https://www.footprint.network/public/research/chain/chain-ecosystem/layer-2-overview
8.Coinglass: https://www.coinglass.com/pro/stablecoin
9.Whale Alert:https://x.com/whale_alert
10.Coinmarketcap:https://coinmarketcap.com/
11.Fordefi: https://fordefi.com/
12.Gonka: https://www.gonka.ai/
13.SpaceComputer: https://www.spacecomputer.io/
14.Dunamu: https://www.dunamu.com/
15.CreatorFi: https://creatorfi.finance/
16.Pruv Finance: https://pruv.finance/

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