Feb. 2022, Vincy@footprint.network

Data Source: Footprint Analytics -January 2022 Report Dashboard

Following a gradual slowdown in the crypto market growth in December, which continues into January 2022, the crypto market continues to decline.Footprint AnalyticsData Display,DeFiThe total lock-up volume (TVL) of the platform failed to break through 300 billion US dollars, but fell to 204.79 billion US dollars, a decrease of 22% month-on-month. BTC and ETH flash crash again,NFTMarket volume surged to new highs in January, up 239%. The following will analyze the overall situation of the encryption market in January from various data perspectives.

BTC and ETH reappeared in the flash crash, and the head agreement was liquidated for a total of 425 million US dollars

The price of BTC fell from $46,472 to $38,430 in January, a drop of 17.3%. The price of ETH fell from $3,695.6 to $2,684.75, down 27.4%, with the highest daily trading volume of the month at $29.31 billion. On the 22nd, BTC and ETH hit new price lows since September 2021.

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Footprint Analytics - Price & Trading Volume of BTC 

Footprint Analytics - Price & Trading Volume of ETH

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Footprint Analytics - Liquidation Amount of BTC by Protocols

Footprint Analytics - Liquidation Amount of ETH by Protocols

DeFi TVL at the end of the month fell by 22% month-on-month

TVL fell 22% month-on-month from $264.22 billion to $204.79 billion in January due to the overall decline in the cryptocurrency market. According to the data from Footprint Analytics, the TVL of Yield and Other types both decreased by about 1%, while the TVL of Dexes, Lending, Yield and other types increased slightly. In addition, the TVL of Bridge increased by 30% instead of falling.DeFi TVLsecondary title

Footprint Analytics - TVL of DeFi 

Footprint Analytics - Market Share of TVL for Categories

Fantom's TVL Hit All-Time High Amid Sluggish Crypto Market

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Footprint Analytics - TVL for Binance & Terra & Fantom

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Footprint Analytics -  Market Share of TVL For Chains

The main reasons for Fantom TVL hitting an all-time high:

• Fantom makes up for the shortcomings of Ethereum network congestion and high gas fees, with low transaction costs (10 million transactions only need about $1), fast transactions (1-2s) and high throughput.

• The ecology is rich, Yield, Dexes and Lending accounted for more than 23%, and Scream and SpookySwap deployed on the Fantom chain are also the reasons for the largest increase in TVL this month:

• Scream supports deposits and loans of WBTC, WETH, WFTM, DAI, USDC, and fUSDT, providing more liquidity;

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Curve is still far ahead

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Footprint Analytics - TVL by Protocols

The monthly trading volume of NFT reached a record high of US$8.52 billion, an increase of 239%

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Footprint Analytics - NFT Monthly Trading Volume

According to data from Footprint Analytics, from January 11th to 21st, the NFT series transactions of the project Meebits surged, during which the transaction volume reached as high as 200 million US dollars - 350 million US dollars.

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Footprint Analytics - Top 10 NFT Trading Volume in January

Screenshot Sourcemeebits Website

The daily trading volume of veteran NFT projects such as Bored Ape Yacht Club, Cryptopunks, Art Blocks, and Axie Infinity is relatively stable compared to Meebits and Loot.

Month-on-month investment volume fell by 38% month-on-month

Summary of the month

Footprint Analytics - Funding Monthly Investment Trend

Footprint Analytics - Funding Monthly Investment by Category 

Summary of the month

Affected by new policy proposals and regulations, the cryptocurrency market entered a downturn in January. The prices of mainstream cryptocurrencies fell, and BTC and ETH hit new lows since September 2021. The TVL of DeFi fell by 21% month-on-month, implying a strong correlation with mainstream currencies. However, the drop in the price of ETH has boosted NFT transactions, prompting speculative funds to flow into the NFT market for collectibles, art, and games.

The volatility of the encryption market is endless, and the introduction of multinational policies has both disadvantages and advantages for the development of the encryption market. The introduction of policies has made the encryption market more clear and standardized the development of the encryption industry. According to Footprint Analytics data, mainstream currency prices and DeFi TVL have picked up in early February.

policy current affairs

policy current affairs

• Pakistan's FIA freezes over 1,000 bank accounts used to trade cryptocurrencies

• Israeli Defense Minister Confiscates Over $800,000 in Cryptocurrency to Fund Military Activities

• BTCS Becomes First Nasdaq-Listed Company to Pay Dividend in Bitcoin

• Pakistan decides to ban cryptocurrencies

• Pakistan's FIA has asked the Pakistan Telecom Regulatory Authority to ban more than 1,600 encrypted websites

• White House wants to make cryptocurrency rules a national security issue

• Uruguay installs first cryptocurrency ATM

• financing

financing

• British digital bank Monzo completes $600 million financing, Tencent participates in investment

• Solana-Based Horse Racing Game DarleyGo Announces Seed Funding Round Led by Jump Capital

• Decentralized lending protocol Goldfinch completes $25 million A+ round of financing led by a16z

• British financial platform PrimaryBid completes $150 million in Series C financing

• Fireblocks Closes $550M Series E Funding At $8B Valuation

• A subsidiary of Navier Group is launching a $100 million fund for Metaverse creators

• public chain

public chain

• Polygon (MATIC) will undergo a hard fork in London on January 18th

• Solana-based game project Nyan Heroes has partnered with YGG

• The 24-hour transaction volume on the Fantom chain exceeds that of Ethereum

• Tether Has Recovered $87M in USDT Sent to Wrong Addresses Since Launch

DeFi

• Convex Finance's Total Locked Volume Exceeds $20 Billion

• The total market value of cryptocurrencies fell to 1.8T, and BTC once fell below $36,550

• Cross-chain bridge protocol Multichain joins SkyLaunch Alliance

• Bitcoin upstarts flock to Puerto Rico to save big on taxes

• Crypto investment firm Pantera manages $5.6 billion in assets

NFT

• Samsung to offer 'NFT aggregation platform' on its smart TVs

• YGG has raised $1.4 million to help typhoon victims in the Philippines

• NFT project Pudgy Penguins fires founder

• The daily trading volume of NFT market LooksRare exceeds 275 million US dollars, surpassing OpenSea

• LooksRare's total transaction volume in the NFT market exceeds $1 billion

• security incident

security incident

• Solana suffers yet another cyber incident, causing performance degradation

• LCX exchange: One hot wallet compromised, security measures in place to protect other assets

• Sports NFT platform Lympo was attacked and lost about $18.7 million

• Raricapital suffers severe price manipulation; Paidun says stolen funds are now $250,000

• DEX Crosswise Hacked, Loses $879,000

• Discord community: https://discord.gg/3HYaR6USM7

About Footprint Analytics:

Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.

Footprint Analytics official website: https://www.footprint.network

Discord community: https://discord.gg/3HYaR6USM7

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