Degen

🚀 crypto market recap – 05.02.2025

📉 bitcoin dips to $96k – btc briefly dropped to $96k overnight before recovering to $99k. decline linked to comments from "crypto czar" david sacks.

📊 record dex volumes – ethereum dex trading hit $8.48b, the highest since 2023, but solana-based dexes led with $9.56b.

⚠️ xeggex exchange concerns – users report losing access to accounts. the team claims a security breach, but many suspect a potential exit scam.

🔧 ethereum scaling – vitalik buterin announced the pectr upgrade, doubling data capacity for layer 2 and 3 networks.

Ethereum’s scaling solutions are progressing at lightning speed.