Gate Research: February 2026 Crypto Market Review

Key Takeaways:

• Crypto Market Performance: The crypto market remained weak in February, with BTC and ETH trading volumes showing a “high-to-low” pattern over the month. Significant outflows from BTC ETFs added downward pressure on prices. Major assets exhibited high volatility and strong correlation, driven largely by short-term sentiment without a sustained trend.

• Major Blockchain Data: Major blockchains stayed stable overall. Solana led with over 100 million daily transactions. On gas fees, Ethereum saw a notable spike on February 5, possibly linked to meme-driven activity or on-chain events. Tron maintained relatively high gas fees, consistent with its strong throughput.

• Hot Sector Developments: Ethereum’s unique active addresses reached 13.34 million, near historical highs. TradFi trading volume on Perp DEXs surged to $47.3 billion—up about 125% from December within two months—primarily driven by Hyperliquid HIP-3.

• Financing and Security: The Web3 sector saw 46 funding rounds totaling $986 million, mainly concentrated in CeFi, blockchain services, and DeFi. The top 10 projects raised $793 million, with three major deals led by Tether. Security incidents declined significantly, characterized by fewer mid-sized events and multiple smaller losses, with smart contract vulnerabilities remaining the dominant risk.

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Disclaimer

Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such investment decisions.