๐ February 2025 Crypto Market Update: Surging Stars & Market Struggles ๐
Despite a volatile market, Sonic (S) and Mantra (OM) made impressive gains, while major DeFi projects like Ethena faced sharp declines. Letโs dive into the highlights:
๐น Sonic (S): A staggering 162% surge in February! ๐ Sonic, rebranded from Fantom (FTM), became the fastest-growing DeFi protocol by TVL, with a 134% increase in TVL, hitting $676.5M! While the broader market corrected, Sonic soared from $0.37 to $0.97, marking a significant rise amidst market chaos. ๐
๐น Mantra (OM): 93.75% growth in February, reaching a new all-time high of $8.99! Mantra continues to shine in the Real World Assets (RWA) sector, cementing its position as a top player with a market cap of $6.8 billion. ๐
๐น Story (IP): 631% increase in just 12 days! ๐ Story made waves by reaching $7.31 after starting at $1 on February 14, outperforming much of the market in a short period.
๐ DeFi Blue Chips Struggle: Big names like Lido DAO, Aave, and Ethena took significant hits. Ethena dropped 48% due to panic selling and liquidity concerns. ๐
๐ Solana & Jito: Solanaโs fees and revenue dropped to 6th place in February, while Jito, a liquid staking protocol, took 3rd despite struggles in the broader market. ๐
๐ Whatโs Trending? RWAs, CEXs, and Lending saw smaller declines, while DeSci, NFTs, and GameFi took bigger hits.
๐ก Market Insight: While the market faced heavy corrections, projects like Sonic proved to be a safe haven for traders, defying the trend. As always, stay informed and trade wisely!
๐ Join the discussion and stay updated with the latest trends here at Ravana Master Trading!
