ChainCatcher news reports that the crypto market saw a surge in new token creation in January, minting 600,000 new tokens, a 12-fold increase compared to the 50,000 tokens minted monthly from 2022 to 2023. The acceleration in token creation began in the fourth quarter of 2024; the monthly minting reached 400,000 before jumping to a record level in January. The number of blockchain networks and DEXs is also rapidly increasing. Data shows that approximately 5 to 10 new chains go live each month, with the number of new chains peaking at 17 in May 2024.Market analysts warn that this surge could lead to liquidity fragmentation. CoinGecko co-founder Bobby Ong acknowledged the potential downsides: "There are too many tokens, and each token dilutes traders' limited attention and liquidity. That's why we haven't seen the significant increases of previous cycles."

ChainCatcher news, according to decrypt, JPMorgan analysts wrote in a report on Tuesday that the market capitalization of publicly traded cryptocurrency companies tracked by JPMorgan (including Coinbase and Bitcoin mining companies like Marathon and Riot) grew by 14% in January, reaching $108 billion, while the cryptocurrency market itself had a market capitalization of about $3.2 trillion at the end of January, an increase of 8%.Analysts pointed out that as a crypto-friendly regulatory environment begins to take shape under Trump's administration, the market capitalization growth rate of publicly traded cryptocurrency companies is nearly double that of the overall cryptocurrency market.Additionally, the SEC's willingness to work with cryptocurrency companies may benefit Coinbase, as the SEC filed a lawsuit against Coinbase in 2023 for alleged violations of registration requirements. However, JPMorgan analyst Charles Pearce stated that the performance of publicly traded cryptocurrency companies may have been largely driven by hype surrounding artificial intelligence, "the narrative for Bitcoin mining companies partly revolves around their ability to transition to HPC data centers, and some stocks have benefited from this development, which is unrelated to the overall trend of the cryptocurrency market."

ChainCatcher news, according to Cointelegraph, Felix Hartmann, founder of the crypto investment firm Hartmann Capital, stated that based on the ongoing negative funding rates and widespread bearish sentiment, the crypto market may be approaching a bottom.He pointed out that the funding rates have been "consistently negative" for some time, indicating that there are more sellers than buyers. Additionally, he mentioned that "quality altcoins" have retraced to the long-term trend line, erasing much of the gains from the fourth quarter of 2024. The Crypto Fear and Greed Index currently shows a score of 46 (fear), down 14 points from last week's score of 60 (greed).

ChainCatcher news, encrypted KOL Ice Frog (@Ice_Frog666666) posted on social media that the market sees Solayer as "Solana re-staked," but it is actually "high throughput infrastructure." Currently, most people only view Solayer as a re-staking protocol within the Solana ecosystem, overlooking the long-term strategy of Solayer Chain. Solayer Chain will achieve hardware acceleration, dynamic sharding, and hybrid consensus. Once the market realizes its true potential, the valuation could change significantly. Solayer is not EigenLayer 2.0, but a combination of Arbitrum, EigenLayer, and Berachain within the Solana ecosystem.Institutional and market attention: Top investment institutions such as Polychain, Binance Labs, Solana CEO Anatoly, and Polygon co-founder Sandeep have already invested in Solayer, but market sentiment remains sluggish. Solayer is low-key yet powerful; institutions have placed their bets, but the market has not caught up.Valuation disparity: Solayer's valuation is far lower than that of similar projects. EigenLayer has an FDV of $6 billion, and Berachain is expected to be $5 billion. In contrast, Solayer's current over-the-counter price is a $700 million market cap. If Solayer is merely a re-staking protocol, its TVL could reach at least over $1 billion in the future, while Solayer Chain could have an independent public chain market cap. The market has yet to realize that Solayer could be the next EigenLayer or even stronger.Future growth logic: Solayer Chain is the ultimate trump card. The launch of Solayer Chain in 2025 means it will no longer be limited to Solana but will become an independent high-throughput public chain.Solayer may currently be a value pit in the crypto market. Its TVL is far lower than similar projects, and the market has yet to re-evaluate its true value. Institutional funds have already placed their bets, but market sentiment has not aligned. Solayer Chain is not a "re-staking tool for Solana," but a "revolution in blockchain throughput." It could potentially become the king of expansion in the Solana ecosystem or even an independent Layer 1, attracting institutions and high-frequency traders. It's not that EigenLayer and Berachain can't afford it; Solayer simply offers better value for money.

ChainCatcher news, according to Cointelegraph, crypto analyst Matthew Hyland stated that the crypto market may not recover to December levels until April. He pointed out that on February 3, the "largest liquidation event in crypto history" occurred, with over $2.24 billion liquidated in 24 hours.Bybit co-founder and CEO Ben Zhou estimated that the actual total liquidation could be as high as $8-10 billion. Hyland noted that based on experiences from similar market turmoil events in 2020 and 2022, a full market recovery typically takes more than 2 months.

ChainCatcher news, Bybit co-founder and CEO Ben Zhou posted on X: "Today's actual liquidation total is far more than $2 billion; I estimate it should be at least around $8-10 billion. Bybit's 24-hour liquidation amount alone reached $2.1 billion, while Coinglass recorded Bybit's 24-hour liquidation amount at about $333 million, but this is not all the liquidation amount. Our API limits the push volume per second. Based on my observations, other exchanges also have similar practices of limiting liquidation data. In the future, Bybit will start pushing all liquidation data. We believe in transparency."

According to Bloomberg, the cryptocurrency market has been severely impacted following Trump's announcement of new tariffs. Specifically, BTC fell by 4.3% in trading last Sunday, ETH dropped by 8%, and the sell-off of altcoins was even more intense, with DOGE declining by around 14%, while altcoins like XRP, ADA, AVAX, and LINK all fell by more than 10%.Caroline Bowler, CEO of BTC Markets, stated: Trump's tariff policy is affecting the entire market, and concerns about a recession triggered by the trade war and stagflation are spreading to the altcoin and Bitcoin markets.According to a U.S. official, Trump is imposing a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese goods, which will trigger a new round of trade wars.

ChainCatcher news, DWF Ventures stated on platform X that the market capitalization of the TRUMP token soared over $70 billion within less than 48 hours of its launch, driving significant capital inflow into the Solana ecosystem and a surge in the number of active addresses on-chain, which also led to an exponential increase in demand for platforms like DEX on the Solana chain. It is certain that under the leadership of the Trump administration, the favorable factors for the development of cryptocurrency outweigh the negative ones. Many will ask, what will be the next direction of the market? Will attention shift back to AI? Or will it turn towards DeFi and SocialFi?Cryptocurrency is essentially a social movement driven by emotions and collective beliefs towards a certain goal. The success of TRUMP showcases the power of collective strength, and we will see more such phenomena in the future as communities promote their own narratives. The flow of this "hot money" will continuously revolve around different narratives, and the speed of this rotation is faster than ever before. Amidst the noise, a few projects will stand out and maintain relevance across multiple cycles, which is where the greatest returns come from. In the coming months, we may see more volatility rather than a one-sided rise. However, the future of cryptocurrency remains very positive.

ChainCatcher message, Shenfish shares the main opportunities and challenges in the crypto market for the next 18 months on social media:Bitcoin (BTC) Key Drivers:MSTRs are making significant entries, with continuous inflow of BTC funds;The implementation of U.S. national reserve policy, with other countries likely to follow suit.Ethereum (ETH) Important Turning Points:Approval of Staking ETFs;RWA accelerating on-chain, traditional financial assets embracing blockchain;AI technology driving ecological innovation.Solana (SOL) Breakthrough Opportunities:Approval of ETFs;Significant improvement in network scalability;Further expansion of AI application scenarios.