February 2025: Market Adjustment Poses Challenges to Established Networks and Emerging Public Chains

In February 2025, the blockchain market experienced a significant market adjustment, posing challenges to both established networks and emerging public chains. Bitcoin performed robustly

Author: Stella L ( stella@footprint.network )

Data source: Footprint Analytics public chain research page

In February 2025, the blockchain market experienced a significant market adjustment as the bull market wound down. This time, Bitcoin performed persistently and its dominance further increased, while most chains, including Solana, Avalanche, and Ethereum, fell sharply. Despite this, development activities in the public chain field have not slowed down. The launch of the Berachain mainnet, the upgrade of the Base infrastructure, and the launch of Uniswap's Layer 2 have become highlights of the month.

Market Overview

In February, the market saw a substantial correction. Bitcoin dropped from $98,768 to $84,177, a decline of 14.8%. Ethereum fell even more, decreasing from $3,065 to $2,216, a 27.7% fall. In the last week of the month, as security panic spread, selling pressure intensified further.

The pullback follows a bull run in January, but market signals are mixed as investors swing between optimism and concerns over security breaches. Market sentiment has deteriorated and risk appetite has declined, especially in speculative areas such as Memecoin. Globally, North American markets are cautiously optimistic due to policy changes, while Asia-Pacific markets are feeling the impact of hacker attacks more strongly.