Kaiko Research’s Top 10 Charts of 2025

Year in Review

Macro

01/12/2025

What tokens broke new ground
How European regulation impacted markets
Hacks, liquidation events, and more

kaiko research top 10 charts of 2025

2025 was a big year for crypto, and despite many positives and record highs, we face the final few week’s of the year in the doldrums. Prices are down and morale is exponentially worse as gains have been completely wiped out, but beyond the returns there’s still some highlights to hold on to.

We cover the highs, the lows, and the outlook in this week’s Data Debrief, read the full report now on the Kaiko App.

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Data Used In This Analysis

Our industry-leading crypto research is the direct result of combining our proprietary data with world-class in-house experts. Bringing the very best of Kaiko’s people and crypto data together, we unlock the unique insights that form the basis for our discoveries and analysis. We believe in doing so, our data speaks for itself, helping both our clients and the wider industry get a better understanding of the crypto ecosystem, and the evolving trends and patterns in motion at a regional and global scale.

Market Explorer

Price and transaction volume for centralized and decentralized exchanges.

Level 1 & Level 2 Market Data

Tick and aggregated market data, from cryptocurrency exchanges.

Blockchain Monitoring Tool

All users, all transactions, and all history for blockchain wallets.

Derivatives

09/02/2026 Data Debrief
Bitcoin's Latest Drop Signals Halfway Point of Bear Market
Last week’s correction triggered approximately $9 billion in liquidations and pushed stablecoin dominance above 10%, exceeding levels last seen during the FTX collapse.

Written by Laurens Fraussen
Binance

02/02/2026 Data Debrief
Fed Reforms Spark Cross-Asset Volatility Spike
The final week of January 2026 delivered a stress test across multiple markets simultaneously. As the Federal Reserve held rates steady at 3.5-3.75% amid leadership transition uncertainty, Bitcoin declined 15% from $88,000 to $74,500, triggering ~$7 billion in liquidations.

Written by Laurens Fraussen
Macro

26/01/2026 Data Debrief
Tariff Uncertainty Exposes Bitcoin's Identity Crisis
Tariff volatility exposed Bitcoin’s ongoing identity crisis. Trump’s Greenland tariff threats triggered a violent round-trip in crypto markets, with Bitcoin plunging below $88,000 while gold surged over 5%, highlighting their inverse correlation. Behind the headlines, orderbook depth remained surprisingly stable even as the CME basis collapsed into negative territory for the first time in years, signaling the unwind of institutional carry trades that had anchored demand since ETF launches.

Written by Laurens Fraussen
Macro

20/01/2026 Data Debrief
Infrastructure Is Holding Back Tokenization
Real-world asset tokenization has evolved from a theoretical exercise into a measurable market, but the data reveals a split reality. Stablecoins have achieved massive scale, while tokenized securities, commodities, and infrastructure tokens remain concentrated, illiquid, and far from self-sustaining.

Written by Laurens Fraussen