Analysis: Although the crypto market sentiment was subdued in early 2026, various metrics still showed significant growth compared to the previous cycle.

2026-02-24 12:00:20

Deep Tide TechFlow News, February 24 — CryptoQuant analyst Maartunn stated that although the cryptocurrency market remains subdued in early 2026, the stablecoin market cap has reached $300 billion, a sixfold increase since 2020, with weekly trading volume doubling to $60 billion. Bitcoin has underperformed the S&P 500 and gold this year, despite ETF approvals. Ethereum continues to dominate the stablecoin market, but BNB Chain’s growth of 133% year-over-year is the most notable. In 2025, BNB Chain’s DEX trading volume increased by 100%, and in July, it accounted for 30% of the DEX market share, surpassing ETH and SOL. User numbers have significantly increased compared to the previous cycle, with Solana’s daily active users reaching 4.1 million and BNB Chain’s reaching 1.9 million.

BTC2,9%

ETH4,24%

BNB-0,06%

SOL6,27%

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