KEYTAKEAWAYS
- US Spot Bitcoin ETF On-Chain Holdings Value Exceeds $120 Billion
- HOT Protocol Daily Active Users (UAW) Exceeds 1.6 Million, Ranks Top 3 in DAPP Ranking
- Total Cryptocurrency Market Cap Surpasses $3.7 Trillion
- DApp On-Chain Transactions: Solana and Injective Take Clear Lead
- KEY TAKEAWAYS
- US SPOT BITCOIN ETF ON-CHAIN HOLDINGS VALUE EXCEEDS $120 BILLION
- HOT PROTOCOL DAILY ACTIVE USERS (UAW) EXCEEDS 1.6 MILLION, RANKS TOP 3 IN DAPP RANKING
- TOTAL CRYPTOCURRENCY MARKET CAP SURPASSES $3.7 TRILLION
- DAPP ON-CHAIN TRANSACTIONS: SOLANA AND INJECTIVE TAKE CLEAR LEAD
- DISCLAIMER
- WRITER’S INTRO
CONTENT
US SPOT BITCOIN ETF ON-CHAIN HOLDINGS VALUE EXCEEDS $120 BILLION
According to Dune data, the total on-chain holdings of US spot Bitcoin ETFs have surpassed 1.14 million BTC, currently reaching approximately 1.149 million BTC, representing 5.8% of the current BTC supply. The value of on-chain holdings has reached about $121.9 billion.
Source: DUNE
Analysis:
The US spot Bitcoin ETF on-chain holdings surpassing $120 billion demonstrates strong institutional investor interest and growing market demand for Bitcoin. According to Dune data, spot ETF holdings represent 5.8% of Bitcoin’s total supply, indicating that Bitcoin is gradually becoming part of mainstream investment assets. With continued institutional capital inflow, market confidence in cryptocurrencies is steadily increasing, potentially driving further growth in Bitcoin prices and market participation. This trend also suggests that the cryptocurrency market is moving towards a more mature and regulated phase.
HOT PROTOCOL DAILY ACTIVE USERS (UAW) EXCEEDS 1.6 MILLION, RANKS TOP 3 IN DAPP RANKING
On January 20th, HOT Protocol’s daily active users (UAW) surpassed 1.6 million, overtaking LOL to rank third in the DAPP leaderboard. According to DappRadar data, the only protocol with more UAW than HOT Protocol is Raydium, which has 3.14 million daily active users. LOL has 1.23 million daily active users, while Jupiter Exchange has 1.08 million. Additionally, HOT Protocol’s TVL increased by 93.46% daily, though the total TVL is only $156,000.
Source: DappRadar
Analysis:
TOT Protocol’s daily active users (UAW) exceeding 1.6 million and rising to third place in the DAPP rankings demonstrates its strong growth momentum in the decentralized application space. Although its Total Value Locked (TVL) is relatively low at $156,000, the daily growth rate of 93.46% indicates rapid user base expansion bringing significant activity to the protocol. Compared to major platforms like Raydium and LOL, TOT Protocol shows its market potential through excellent user engagement and is expected to continue holding an important position in the decentralized finance (DeFi) sector.
TOTAL CRYPTOCURRENCY MARKET CAP SURPASSES $3.7 TRILLION
According to CoinMarketCap data, the total cryptocurrency market capitalization has exceeded $3.7 trillion, currently at $3.72 trillion, with a 24-hour increase of 0.8% and a 24-hour trading volume of $374.38 billion. Currently, BTC’s market cap is $2.143 trillion, while ETH’s market cap is $405.381 billion.
Source: CoinMarketCap
Analysis:
In the past two days, the popularity of the TRUMP token has driven significant growth in mainstream cryptocurrencies like BTC, ETH, and SOL. The Trump family’s increasing involvement in cryptocurrencies, along with the launch of Official Melania Meme, has pushed cryptocurrencies to the top of social trending topics.
The total cryptocurrency market cap exceeding $3.7 trillion marks the market’s continued growth and entry into a new phase. In terms of market cap composition, BTC and ETH still maintain their dominant positions. While this bull market is in its hot phase and contains numerous profit opportunities, investors should remain mindful of risk management.
DAPP ON-CHAIN TRANSACTIONS: SOLANA AND INJECTIVE TAKE CLEAR LEAD
In the past 30 days, Solana’s DApps processed 26.71 million transactions, while Injective’s DApps processed 26.54 million transactions. Ranking third, opBNB’s DApps processed 6.63 million transactions, followed by NEAR with 6.28 million transactions in fourth place.
Source: DappRadar
Analysis:
Solana and Injective have shown a commanding lead in DApp transaction volume over the past 30 days, significantly outpacing third-ranked opBNB and fourth-ranked NEAR. This data demonstrates Solana and Injective’s notable advantages in transaction efficiency and user activity. Particularly, Injective’s rapid rise indicates its success in innovative applications and ecosystem building. As demand for on-chain transactions continues to grow, these leading platforms will continue to spearhead the development of decentralized applications and drive blockchain technology adoption.
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