February 2025 Chains Report: Correction Shakes, Innovation Stands

February 2025 brought significant market corrections, with Bitcoin declining 14.8% to $84,177 and Ethereum falling 27.7% to $2,216, while Layer 1 market cap dropped 20.8% to $2.3 trillion and Bitcoin Layer 2 TVL fell 24.5% to $2.1 billion (Core leading at $455.9 million). Development continued with Berachain’s mainnet launch and Base infrastructure upgrades. The report also covers the February 21 ByBit hack ($1.5 billion loss) and the Trump administration’s crypto executive order supporting self-custody and stablecoins.