[비즈한국] We summarize and report the weekly market conditions and trends of major cryptocurrency assets in the top 100 by market capitalization. We provide comprehensive core information, from major assets like Bitcoin and Ethereum to key issues in the altcoin market and global policy variables. You can understand the highly volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market monitoring site, MYX Finance took the top spot in the crypto market from January 30 to February 6 at 7:00 AM with a weekly growth rate of 12.80%. The current price of MYX Finance is 8,906 KRW, having risen 0.56% over the past 24 hours. This coin is a decentralized exchange that offers perpetual futures trading without slippage (the difference between the target order price and the actual execution price) through its proprietary Matching Pool Mechanism (MPM), maximizing capital efficiency with up to 50x leverage.
Decred ranked 2nd with a weekly growth rate of 8.91%. The current price of Decred is 28,557 KRW, and it is down 1.30% over the last 24 hours. Decred is a Layer 1 blockchain that realizes on-chain governance through a hybrid consensus model combining Proof-of-Work and Proof-of-Stake, where miners, voters, and the community share block rewards.
Hyperliquid ranked 3rd with a weekly growth rate of 3.21%. The current price of Hyperliquid is 48,331 KRW, and it has fallen 6.66% over the last 24 hours. Hyperliquid supports fully on-chain order book-based decentralized perpetual trading on its own Layer 1 blockchain, HyperEVM, and shares fee revenue through high-speed trading and the protocol's liquidity pool (HLP).
MYX Finance recently saw its perpetual trading volume surpass $250 million, leading to a surge in trading activity. As a result, its price spiked and trading volume increased to the $26 million level. Experts analyzed that the growth of the protocol's derivatives market and the integration of cross-margin trading have supported its sustained rise.
Decred passed a governance proposal (DCP-0013) last month to approve a treasury spending limit with 99% approval from stakeholders. As the effect of this approval was reflected in the market, the upward price trend for Decred continued; the market cited the strengthening of financial health as a key factor in increasing long-term supply stability and investor confidence.
Hyperliquid introduced outcome-based trading contracts through the HIP-4 upgrade, expanding its prediction market functionality. Consequently, trading volume exceeded $829 million, and its Total Value Locked (TVL) grew to $1.5 billion. Experts analyzed that the integration of Ripple Prime and token buybacks facilitated the influx of institutional funds.
Amidst the fear gripping the entire market as the price of Bitcoin plummeted to the low $60,000 range, crypto-based financial infrastructure projects showed relative strength by holding their own. As projects focused on governance reinforcement and liquidity innovation demonstrated an ability to absorb some investor funds even during a downturn, some have argued that the resilience of these utility-based crypto infrastructure projects serves as a leading indicator of market recovery.
※ This article was written by Bizhankook and MetaVX's generative AI.