Research

Gate Research Daily Report: On April 7, Bitcoin dropped 5.22% to $78,236, while Ethereum fell 12.13% to $1,601. Aave's cumulative borrowing interest on Ethereum surpassed $1 billion. Solana's total value locked (TVL) reached 53.8 million SOL, marking its highest level since 2023. In March, most major DeFi protocols experienced sharp revenue declines, but Sky stood out with notable growth. Meanwhile, newly announced U.S. tariff policies triggered a global market shake-up, accelerating sell-offs across both traditional and crypto markets. Lens Chain officially launched its mainnet, offering a scalable and modular foundation for decentralized social applications. The SEC also initiated a review of digital asset policies introduced under the Biden administration, potentially signaling a move toward more relaxed regulation.

Gate Research: In March 2025, the Web3 industry experienced eight security incidents, resulting in total losses of $14.43 million—a significant decrease compared to the previous month. The majority of attacks involved smart contract vulnerabilities and account compromises, accounting for 62.5% of all crypto-related incidents during the period. Major cases included a $5 million exploit targeting 1inch (with 90% of the stolen funds recovered) and two separate attacks on Zoth involving a contract flaw and a private key leakage, leading to combined losses of $8.575 million. In terms of blockchain distribution, only one project this month reported losses on the public blockchain BSC.

Gate Research Weekly Report: This week, BTC traded within a consolidation range, while ETH showed a weaker sideways trend. Trump unveiled a comprehensive tariff policy with tiered rates on 50 countries and auto tariffs raised to 25%. The Arizona House Committee passed a Bitcoin reserve bill. Fidelity launched a retirement plan allowing direct crypto investment. Ethereum reclaimed the top spot in DEX trading as interest in Solana faded. Stablecoins continued to penetrate emerging markets, with India leading the world in usage.

Gate Research (2025.3.28–4.2), this report provides a comprehensive analysis of key developments in the cryptocurrency market and macroeconomic landscape. On March 28, the U.S. Department of Commerce reported that the core PCE price index rose by 2.79% year-over-year in February, marking the highest level since December. Internationally, Kazakhstan announced plans to launch a “National Crypto Bank” aimed at centralizing the oversight of cryptocurrency trading across the country. As of March 31, a global trend toward lighter crypto regulations continues, with 47 countries easing restrictions since 2020. On April 1, the U.S. ISM Manufacturing PMI showed its first contraction of the year, while the price index jumped for a second straight month. On April 2, reports surfaced that the Trump administration is considering a new financial tool called “BitBonds” as part of a broader strategy to bolster its Bitcoin reserves.

Gate Research (March 28 - April 2, 2025): On March 28, Sonic Labs will launch SonicCS 2.0, aiming to double consensus speed and significantly optimize resource usage. On March 30, Four.Meme announced migration to PancakeSwap V2. On March 31, Vitalik released Ethereum L2 security roadmap, focusing on scalability, proof mechanisms, and unification. On April 1, Babylon Genesis Mainnet Phase 2 is set to launch. On April 2, Bio Protocol released a V1 upgrade, introducing permissionless launch platform and AI agents.

Gate Research: This report summarizes key developments in the blockchain industry from March 28 to April 2, 2025. Sonic Labs announced the upcoming launch of SonicCS 2.0, aiming to double consensus speed and significantly reduce resource usage. Active users on the Solana network continued to hit new highs, with over 11.12 million addresses now holding more than 0.1 SOL. Uniswap v4 surpassed $2.7 billion in cumulative trading volume. Vitalik Buterin released a Layer 2 security roadmap for Ethereum, focusing on scalability, proof mechanisms, and system unification. The second phase of the Babylon Genesis Mainnet is set to launch. Bio Protocol released its V1 upgrade, introducing a permissionless launch platform and AI agents.

Gate Research: This week, Silencio Network, Shape Network, X365 AI, and Hyperbeat offer users new ways to engage with the Web3 ecosystem. Silencio rewards users with SLC tokens in exchange for uploading mobile noise data. Shape enables creators to mint NFTs, build on-chain reputation, and invite others to earn airdrop eligibility. X365 AI combines RWA and AI, allowing users to earn points by connecting their wallets. Hyperbeat optimizes yield on HyperEVM, where participants can collect “Hearts” points through various activities to qualify for airdrops. All four projects are in early stages, offering room for ecosystem participation and potential returns.

Gate Research Daily Report: On April 2, Bitcoin price rose by 2.14% to $84,672, while Ethereum price increased by 2.90% to $1,883. Ethereum's weekly blob fees hit a new low since the Dencun upgrade. Long-term holders who entered between 2020 and 2022 continue to hold their Bitcoin with conviction. Sonic's TVL surpassed $1 billion. BlackRock received UK regulatory approval to become a crypto asset firm. The Trump administration is proposing "Bitcoin Bonds" to expand Bitcoin reserves.

This report reviews Web3 on-chain data for March 2025. Ethereum saw the largest net outflow of $486 million. Meanwhile, the market absorbed 2 million BTC in selling pressure, with long-term holders adding 278,000 BTC to their positions. Bitcoin exchange reserves hit a five-year low at 2,639,252 BTC. Four.meme created 153,212 tokens by March 31, with its trading volume spiking in March, reaching $80.18 million in daily volume on March 21. CZ’s influence drove $MUBARAK to a trading volume of $258 million on March 17.

Gate Research Daily Report: On April 1, Bitcoin edged up 0.07% to $83,010, while Ethereum dipped 0.30% to $1,835. Digital assets saw $226 million in net inflows over the past week, ending a five-week outflow streak for altcoins. Stablecoin supply on Tron increased by $1.21 billion in the last 7 days. Bitcoin's exchange supply dropped to 7.53%, the lowest since February 2018. NFT marketplace X2Y2 announced it will cease operations. The second phase of the Babylon Genesis mainnet is set to launch. Circle is advancing its initial public offering (IPO) plans.

March 2025 witnessed a surge of significant developments in the blockchain and cryptocurrency sectors, demonstrating the market's vitality and industry trends. Key projects including Gate.io Wallet, Berachain, Aave, Raydium, and Pump.fun made substantial progress through performance upgrades, on-chain governance improvements, protocol expansions, and new platform launches - highlighting product innovation and community growth while injecting fresh momentum into the industry. Meanwhile, the manipulation attack on Hyperliquid, which triggered forced liquidations, served as a wake-up call for DeFi projects to strengthen their risk management and governance structures.

Gate Research: March 2025 was marked by a complex and volatile global economic and financial landscape. In the United States, February inflation data came in well below expectations, while the March consumer confidence index dropped sharply from 67.8 to 57.9—both signaling a weakening U.S. economy. In the crypto sector, the IMF introduced a clear classification framework for digital assets, designating Bitcoin as a capital account asset, and former President Donald Trump announced plans to establish a U.S. national crypto reserve, including BTC, ETH, SOL, XRP, and ADA as core holdings. On the whole, March brought a wave of policy and regulatory developments that were broadly favorable for the crypto market. These intersecting events not only influenced short-term market dynamics but also provided valuable direction for future economic policymaking and market evolution.

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On March 31, Bitcoin fell 1.75% to $81,631, while Ethereum declined 1.79% to $1,803. The number of Solana addresses holding more than 0.1 SOL surpassed 11.12 million, marking a new all-time high. Cumulative trading volume on Uniswap v4 exceeded $2.7 billion. Vitalik released a security roadmap for Ethereum Layer 2. Daily crypto trading volume has plummeted nearly 70% since the U.S. election. Meanwhile, global crypto regulations continue to ease, with 47 countries having relaxed policies since 2020.

Gate Research Daily Report: On March 28, Bitcoin fell by 0.77% to $86,783, while Ethereum dropped by 1.06% to $2,003. Hyperliquid announced it will delist JELLY, with user losses to be covered by the foundation. Sonic Labs is set to launch SonicCS 2.0, aiming to double consensus speed and significantly optimize resource usage. Kazakhstan plans to establish a national crypto bank to bring all crypto trading under full regulatory oversight. In Q1, hacker attacks resulted in $1.64 billion in losses across the crypto market, setting a new quarterly record. Meanwhile, Bitcoin whales accumulated over 129,000 BTC this month, marking the strongest accumulation trend in nearly seven months.