FLR and UNI Spearhead This Week's Crypto Gains as Token Economy Holds Above $2 Trillion

In the last week, 23 cryptocurrencies experienced notable gains against the U.S. dollar, with flare (FLR) and uniswap (UNI) leading the charge. Concurrently, dymension (DYM) and helium (HNT) saw significant declines over the same period.

FLR and UNI Lead Gains in a Diverse Week for Cryptos, Despite DYM and HNT Setbacks

As of now, the total value of the cryptocurrency market stands at $2.02 trillion, marking a 1.57% increase in the last 24 hours. Bitcoin (BTC) has seen a modest uptick of 0.8% over the week, while ethereum (ETH) has climbed by 7.7%.

BTC now accounts for 50.8% of the total $2.02 trillion market valuation, with ETH holding an 18.6% share as of Feb. 26. Despite the steady performance, BTC and ETHs weekly gains have been outpaced by nearly two dozen other cryptocurrencies that have enjoyed double-digit growth.

Flare (FLR) experienced a notable increase of 50% in the past week, while uniswap (UNI), the governance token of the decentralized exchange (dex), advanced by 48.7%. Singularitynet (AGIX) climbed 35.3%, and mantle (MNT) appreciated by 22.5% against the greenback.

Fetchai (FET) grew by 22.3%, and theta network (THETA) saw its value expand by 22.2%. Additional crypto assets that stood out this week include FIL, GALA, RNDR, WOO, CHZ, NEAR, and CAKE.

Apart from USDT, BTC, ETH, FDUSD, and USDC, the tokens with the highest trading volumes on Monday are BNB, SOL, XRP, WLD, MATIC, ADA, and AVAX. The global trade volume over the last 24 hours reached $61.86 billion, marking an increase of 22.5%.

Conversely, dymension (DYM) experienced a 15% decrease in value this week, and helium (HNT) fell by 13.3% against the U.S. dollar. Sei (SEI) declined by 12.6%, and the BRC20 token known as sats ordinals (SATS) decreased in value by 10.8%.

Approximately 21 cryptocurrencies of the bunch recorded losses ranging from 2% to 15% over the last week. Other significant downturns were seen in TIA, ICP, ARB, SUI, and SOL, which dropped 7.6% throughout the week.

Currently, the ‘Altcoin Season Index’ from Blockchaincenter.net on Monday is at 65. To officially enter “altcoin season,” this index needs to exceed 75. While still in “bitcoin season,” FLR, STX, BEAM, SEI, ICP, TIA, SUI, IMX, and TAO have posted gains ranging from 140% to 349% during the current ‘season,’ which spans 90 days.