Author: Stella L (stella@footprint.network)

Source of data: Footprint Analytics Public Chain Research Page

In January 2025, the total market value of the crypto market increased by 7.2% to US$2.8 trillion. The performance of major blockchain platforms is differentiated. Under the dual influence of new regulation and breakthroughs in artificial intelligence infrastructure technology, Bitcoin strengthens its market dominance to 71.3%.

Bitcoin rose from $94,577 to $102,180, an increase of 8.0%. Ethereum, while it performed weakly, fell from $3,353 to $3,292, a drop of 1.8%, with the ETH/BTC ratio hitting a new low since September 2024.

Source of data:Bitcoin and Ether price trends

Many important developments have significantly affected the trend of the crypto market. Trump's executive order on cryptocurrency regulation provides unprecedented clear guidance for the industry, emphasizing the protection of self-custody rights and supporting the development of stablecoins. However, Trump's remarks on international trade tariffs at the end of the month sparked concerns about global economic growth and market sentiment cooled down.

The Trump family’s $TRUMP and $MELANIA tokens launched on Solana have triggered drastic fluctuations in the Memecoin sector. This speculative boom has significantly distracted the market from other crypto sectors, including the blockchain gaming sector.

DeepSeek's breakthrough progress in the field of artificial intelligence has also affected market dynamics. This progress has accelerated the focus on decentralized AI infrastructure in the crypto ecosystem, with AI-related tokens rising this month.

In January 2025, the total market value of blockchain climbed 7.2% to US$2.8 trillion, and the dominance of the Bitcoin market further increased to 71.3%. Ethereum share continued to decline to 14.0%, while Solana once again surpassed BNB chains (3.4%) with a market share of 4.0%. Other public chains collectively occupy 7.4% of the market share.

Source of data:Public chain token price and market capitalization

Solana continued its strong performance, with market capitalization growing by 22.0% to $112.3 billion, consolidating its The status of blockchain as the third largest market value.

In the top 20 chains in market capitalization, Stellar performed outstandingly, with market capitalization significantly increasing to US$12.6 billion, while Litecoin and Monero were respectively Up 23.5% and 21.6%. Cardano's market cap grew 11.9% to $33.2 billion.

Emerging platforms maintain their development momentum, and Sui's market value is stable at US$12.4 billion in an environment of intensifying competition. TON, despite its market cap falling 14.0% to $12 billion, remains in the top 10. Hedera showed good growth, with market cap rising 14.2% to $11.7 billion.

Traditional Layer 1 platforms such as Polkadot, Near and Aptos are under pressure, with market capitalization falling between 3.7% and 7.5%.

In January 2025, Bitcoin Layer 2 and Side Chain maintained a growth trend, and the total locked position reached $2.6 billion, up 5.2% from December.

Source of data:Bitcoin Eco Public Chain TVL CompleteCore maintains its market leadership with a $660 million TVL, despite a 9.3% decline from December, but remains Accounts for 25.3% of the market share. Bitlayer was strong with TVL up 15.2% to $430 million (16.8% market share), while BSquared performed well, with TVL up 19.7% to $400 million (15.3% market share).

Rootstock and BOB ranked fourth and fifth with TVL of $250 million and $240 million, respectively, with growth rates of 10.8% respectively and 8.9%. It is worth noting that AILayer TVL grew 13.2% to $230 million.

Source of data:Bitcoin Eco Public Chain TVL - January 2025

Among mid-sized platforms, Merlin TVL fell moderately by 3.7% to $170 million, while Stacks maintained steady growth, up 4.0% to $120 million. Small platforms performed mixed, with BounceBit growing 7.3%, while new entrants such as SatoshiVM and Naka fell 11.6% and 14.9% respectively.

In January 2025, the Ethereum Layer 2 ecosystem changed significantly, with the total locked position falling to US$18.3 billion , down 6.7% from December. Market leaders perform differentiated.

Source of data:November 2024 Ethereum Layer 2 Overview - Rollups (Bridge-related metrics)

Arbitrum althoughIt fell sharply by 20.4% in December but maintained its leadership with a $6.8 billion TVL. Base continues its strong momentum, with TVL growing 14.0% to $4.6 billion, consolidating its second place. Optimism is firmly in third place with a $3 billion TVL, down just a slight 0.5%.

Of the best performing platforms, World Chain performed well, with TVL growing 27.6% to $350 million, while Paradex rose 50.3% to $37.2 million. ZK Rollups showed resilience, with Starknet and zkSync Era growing 7.4% and 12.2% respectively, with TVL reaching $900 million and $610 million.

Some mature platforms face challenges, with Blast TVL down 33.8% to $400 million and Fuel down 47.3% to $110 million. Linea and Scroll also fell 5.7% and 5.2% respectively.

The competitive dynamics of the ecosystem continue to evolve, and Optimistic Rollup and ZK Rollup have shown varying degrees of success. As new entrants join the ecosystem, mature platforms focus on consolidating their market position by improving functionality and user experience.