Binance Research: the key trends of the crypto market according to the February report

The report by Binance Research for February highlights how government policies, the growth of memecoin, and Solana’s dominance in DEX have influenced the crypto expansion in January, which occurred after the decline in December.

The impact of the Trump administration and the wave of crypto ETFs according to Binance

After the downturn at the end of 2024, the cryptocurrency market experienced significant growth, reaching 3.76 trillion dollars in January.

This recovery has been supported by political initiatives such as the possible creation of a national cryptocurrency reserve and clearer regulation on stablecoin.  

The increase in liquidity and greater investor confidence have contributed to this bull, demonstrating how political decisions can directly influence the total market capitalization.  

The election of Donald Trump and the support of the pro-crypto Republicans have led to a surge in requests for crypto ETF. Currently, there are 47 active requests covering 16 asset categories, including memecoins.  

This acceleration reflects a change in approach compared to the previous administration, with a greater interest in providing regulated financial instruments for institutional investors. 

If approved, these ETFs could further increase the adoption of cryptocurrencies in the traditional financial world.  

The market has witnessed an exponential growth in the creation of tokens, with over 37 million new assets launched, a figure expected to surpass 100 million by the end of the year.  

To fuel the phenomenon have been the memecoin and the token launchpad, tools that allow users to easily create new digital assets.

However, this proliferation has led to a fragmentation of capital, making it more difficult for many tokens to maintain a stable valuation.  

Solana surpasses Ethereum in DEX volumes  

From October 2024, the volumes of DEX on Solana have consistently surpassed those of Ethereum, recording an increase of over 200% in January compared to the rival network.

This success has been driven by the growing popularity of memecoins and the interest in projects related to intelligenza artificiale. 

Furthermore, the launch of tokens like $TRUMP and $MELANIA has helped increase traffic on the Solana blockchain, consolidating its role in the DeFi sector.  

The Binance Research report for February provides a clear overview of the dynamics that have influenced the crypto market. 

The recovery of capitalization, political support for ETFs, the expansion of memecoins, and Solana’s dominance in DEX are key elements that will continue to shape the sector in the coming months.