JPMorgan Chase: Despite the increase in total market value, the growth of the crypto ecosystem slowed down in January

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Bitget2025/02/11 23:33

JPMorgan Chase pointed out that last month the total market value of cryptocurrencies increased by 8%, reaching approximately $3.4 trillion. Despite the increase in total market value, growth in the crypto ecosystem slowed down in January, with market value increases concentrated on Bitcoin (BTC), Solana (SOL) and XRP, while a decline in average daily volume (ADV) was common throughout the ecosystem. JPMorgan stated in its report that decentralized finance (DeFi) and non-fungible tokens (NFTs) performed poorly monthly, with several indicators deteriorating significantly.

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