[비즈한국] We summarize the market trends and flow of the top 100 cryptocurrencies by market capitalization every week. We provide comprehensive core information, ranging from major coins like Bitcoin and Ethereum to key issues in the altcoin market and global policy variables. You can understand the volatile cryptocurrency market as easily and interestingly as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, Lombard recorded the highest weekly gain of 87.24% in the cryptocurrency market from 7:00 on February 27 to 7:00 on March 6. The current price of Lombard is 2,416 KRW, and it has risen by 50.61% over the past 24 hours. Lombard is a Bitcoin DeFi infrastructure project that issues a derivative token called 'LBTC,' which earns interest when Bitcoin is deposited; it automatically utilizes the deposited Bitcoin across various blockchain financial services to generate profit.
Humanity Protocol ranked 2nd with a weekly gain of 44.87%. The current price of Humanity Protocol is 258 KRW, and it has risen by 40.01% over the past 24 hours. Humanity Protocol is a digital identity platform that verifies 'Human IDs'—issued one per person—through palm vein recognition, allowing users to prove they are 'real humans' online by storing data only through zero-knowledge proof (zk) technology without keeping original fingerprint or iris information.
Jupiter took 3rd place with a weekly gain of 21.64%. The current price of Jupiter is 278 KRW, and it has fallen by 2.15% over the past 24 hours. Jupiter is a decentralized exchange aggregator service on the Solana blockchain that compares prices across multiple exchanges to automatically place orders at the most favorable rates. Its native token, JUP, is used for user airdrop rewards and protocol governance.
LayerZero ranked 4th with a weekly gain of 20.28%. The current price of LayerZero is 2,789 KRW, and it has fallen by 5.18% over the past 24 hours. LayerZero is an 'omnichain' messaging protocol that directly connects smart contracts across different blockchains, designed to handle token deposits/withdrawals and data transmission between various chains like Ethereum, Solana, and Aptos with a single call.
OKX Token ranked 5th with a weekly gain of 18.92%. The current price is 137,052 KRW, and it has risen by 18.13% over the past 24 hours. OKX Token (OKB) is a representative exchange utility token for the major global exchange OKX, offering up to 40% discount on trading fees, eligibility for new coin sales and deposit product participation, and a structure that reduces circulating supply through regular burning programs.
Pi Coin rose 18.74% and is trading at 293 KRW. Chiliz is trading at 55 KRW, up 17.74%. Pump.fun rose 15.87% and is at 3.01 KRW. Near Protocol recorded a gain of 14.15% and is trading at 1,890 KRW. Sky Protocol rose 11.51% to 113 KRW.
For Lombard, liquidity surged since the end of February with listings on major exchanges, pushing daily trading volume over 260 million USD (384.1 billion KRW) and triggering consecutive 20% surges over 24-hour periods. Analysis suggests that the growth of LBTC, which earns interest on Bitcoin deposits, has stimulated buying as it rapidly gains market share in the Bitcoin deposit market. Market observers state, "As the structure of transforming Bitcoin from a simple asset into an on-chain financial infrastructure is being confirmed, it is cementing its position as a leading Bitcoin DeFi player."
Humanity Protocol saw improved investor sentiment as major exchanges like Binance hosted trading events with reward pools since late January to boost liquidity, followed by confirmation of plans to launch a palm-recognition-based '2-factor authentication' within this year and a roadmap for transitioning to on-chain governance. Analysts suggest, "The expectation that demand for infrastructure to filter out 'bots' will grow as the number of users verified through actual biometric authentication increases is being pre-reflected in the price."
As Jupiter solidified its position as a representative DeFi hub in the Solana ecosystem, its price rose over 24% in a week despite a schedule where approximately 253 million JUP tokens were unlocked, thanks to news of a 35 million USD long-term investment by ParaFi Capital, a firm specializing in decentralized finance, in early March. Market observers note, "As demand to absorb direct investments from large funds and the volume of token unlocks is confirmed, the perception of it being a core asset among Solana-based DeFi infrastructure is strengthening."
This week's top 10 gainers share the commonality of being infrastructure-type coins with relatively clear use cases, including Bitcoin deposit infrastructure (Lombard), real-name-based digital identity (Humanity Protocol), DeFi trading hubs (Jupiter), multi-chain messaging (LayerZero), and exchange utility tokens (OKB). The industry analyzes that "buying interest is shifting away from simple meme coins to coins that support concrete services such as exchanges, DeFi, and identity."
※This article was written by Biz Hankook and MetaVX's generative AI.