JPMorgan: Crypto ecosystem growth slowed in January despite rise in total market capitalization

Odaily News JPMorgan Chase pointed out that the total market value of cryptocurrencies increased by 8% last month to about $3.4 trillion. Despite the increase in total market value, the crypto ecosystem slowed down in January, with market value growth concentrated on Bitcoin (BTC), Solana (SOL) and XRP, while the decline in average daily trading volume (ADV) was common throughout the ecosystem. JPMorgan Chase said in its report that decentralized finance (DeFi) and non-fungible tokens (NFT) had poor monthly performance, and the deterioration of multiple indicators was greater. (Coindesk)