February saw Nano surge, Monero cool sharply, and Bitcoin (plus Lightning) push to a new high share.

Monero Drops, but Stays in First

Monero led at 29.04%, down significantly from January's 40.47%. It is still #1, but the lead narrowed a lot.

Nano Jumps Into a Close Second

Nano climbed to 26.29% from 18.01% last month, nearly catching Monero and becoming the biggest gainer among top coins.

Bitcoin Stack Keeps Growing

On-chain Bitcoin rose to 17.06% (from 15.39%), and Lightning increased to 5.41% (from 2.82%). Combined, BTC + LN reached 22.47%, up from 18.21%.

USDC Eases, New Stablecoin Share Appears

USDC slipped to 8.28% from 9.71%. At the same time, USDT appeared at 1.56% and DAI at 0.01%, showing stablecoin usage broadening beyond USDC.

Mid-Tier and Long Tail

ZEC came in at 3.69% and LTC at 3.63%, both below January levels. TON landed at 1.55%, DASH at 1.11%, and BCH at 0.98%. Lower down, SOL reached 0.59%, ETH 0.48%, and smaller tails included LTC-MWEB, ZANO, DOGE, KAS, FUSD, and POL.

The Full Data

Here is the complete breakdown for all coins in February (crypto-only):

• XMR: 29.04%
• XNO: 26.29%
• BTC: 17.06%
• USDC: 8.28%
• BTC-LN: 5.41%
• ZEC: 3.69%
• LTC: 3.63%
• USDT: 1.56%
• TON: 1.55%
• DASH: 1.11%
• BCH: 0.98%
• SOL: 0.59%
• ETH: 0.48%
• LTC-MWEB: 0.11%
• ZANO: 0.10%
• DOGE: 0.05%
• KAS: 0.04%
• FUSD: 0.02%
• DAI: 0.01%
• POL: 0.01%

Takeaways

• XMR remains #1, but its share fell steeply month over month.
• XNO had the standout month, jumping into a near tie for first.
• BTC + LN continues to strengthen and now accounts for nearly a quarter of crypto volume.
• Stablecoins remain important, with USDC still dominant and USDT now meaningful.
• The distribution is broadening: no single coin is above 30%, and mid-tier coins still carry substantial share.

That wraps February. The major shift was concentration moving away from Monero toward Nano and the Bitcoin ecosystem.