Binance Research has released its monthly market insights report, highlighting the growth of meme coins and ETF filings. The report reveals that over 37 million tokens are now in circulation, with the majority launching on Solana. It also mentions that there are 47 active ETF filings in the US. The report indicates that January 2025 was a positive month for the crypto industry, with a peak market value of $3.76 trillion. However, AI-related crypto projects suffered losses due to DeepSeek. The report raises concerns about the fragmentation of capital caused by the proliferation of meme coins and its impact on traditional altcoins. Despite this, meme coins have contributed to rapid growth in Solana DEX volumes. The report also discusses the rush of ETF applications following Gary Gensler's resignation as SEC Chairman. Overall, the report suggests that January was positive for the crypto industry, with the exception of AI-related projects.



Other News from Today