Crypto Market Fundamentals Remain Strong Amid Price Volatility

The cryptocurrency market has been experiencing a downturn in recent times, with prices dropping across the board. However, data from CryptoQuant suggests that this decline is not reflective of the overall health of the market.

According to analyst J.A. Maartunn, several key metrics point to growing adoption and growth in various protocols. The circulation supply of stablecoins, for instance, has increased sixfold since 2020, reaching a staggering $300 billion. This is accompanied by a doubling of weekly volume, which now stands at approximately $60 billion.

Bitcoin's performance may be lackluster compared to traditional assets like the S&P 500 and gold, but it remains a beacon for institutional investment due to its growing adoption through ETFs.

Other notable trends include the growth of layer-1 protocols such as BNB Chain, which has seen a significant increase in stablecoin usage, jumping by 133% year-over-year. The DEX volume also shows a substantial rise, with $BNB Chain recording up to 100% growth in 2025.

Moreover, Solana stands out for its impressive daily active users, boasting a total of 4.1 million, surpassing the benchmark set by other networks.