Research

Gate Research Daily Report: February 11, in the past 24 hours, Bitcoin price increased 1.75%, remaining in a stable consolidation range; Ethereum price rose 1.84%, forming a descending triangle. Soneium TVL exceeded $33 million, reaching an all-time high. BOB Chain TVL increased 50.78% in a day, surpassing $247 million. Pendle TVL reached 1.95 million ETH, setting a new record. Nasdaq submitted trading applications for CoinShares LTC ETF and XRP ETF. Democratic Representative Maxine Waters introduced a stablecoin regulation bill. Bitcoin financial services firm Fold expanded its partnership with Visa.

January 2025 was an eventful month for the blockchain and crypto industry, showcasing strong market activity and emerging trends. Key projects such as Uniswap, Aave, EigenLayer, Jupiter, and Chainlink made significant strides in platform launches, service expansions, token issuance, new features, mainnet rollouts, fee governance, and mining activities. These innovations continue to push the boundaries of technology, strengthen community participation, and fuel industry growth.

The latest Web3 on-chain data report from Gate Research reveals that after reaching a record high in January, Bitcoin entered a consolidation phase, with selling pressure from long-term holders easing and the market stabilizing. Bitcoin's net realized profit/loss declined by 82% from its peak, while the proportion of Bitcoin supply held by exchange addresses dropped to approximately 13.7%. Meanwhile, the $TRUMP token saw its trading volume peak at over $30 billion, but the number of holding addresses declined rapidly, indicating strong short-term speculative activity.

Gate Research: In January 2025, significant events in the global economy and financial markets included the rise in U.S. manufacturing PMI, the Federal Reserve's inflation expectations assessment, UK's regulatory adjustments for crypto staking, changes in U.S. inflation data, crypto market volatility, and policy directions from the Trump administration. These events reflected signs of economic recovery, changes in the regulatory environment, and the impact of policy uncertainties on markets, providing important perspectives for understanding current economic conditions and future development trends.

Gate Research Daily Report: In the past 24 hours, Bitcoin's price dropped by 1.05%, remaining within a stable consolidation range. Ethereum's price fell by 2.17%, showing a descending triangle pattern. Over the past 3 months, Base has had the highest net inflow. USDC's market capitalization has surpassed $56 billion, maintaining its position as the second-largest in the market. The number of new ENS domain names has been substantial, continuing to attract user registrations. Gate.io announced a multi-year partnership with the F1 Red Bull Racing team. Etherscan has launched an on-chain address credit score feature.

In January 2025, the Web3 industry maintained momentum but experienced a slowdown in funding, with 148 deals totaling $1.44 billion. Compared to December 2024, funding activity declined—deals decreased by 9.75% and total funding amount fell by 53.24%. Blockchain services and CeFi emerged as investment hotspots, while mergers and acquisitions became the primary expansion strategy for industry leaders seeking rapid market share growth. Small and medium-scale funding projects dominated the landscape, reflecting strong market interest in early-stage ventures. The Web3 industry's dynamism was further evidenced by the rapid growth of leading projects like Phantom, SoSoValue, Tea-Fi, Oshi, and Bluwhale.

Gate Research Daily Report: On February 7, BTC price is facing key support around $96,000, and the short-term trend remains unclear. USDC Treasury minted 68.92 million USDC on Ethereum, increasing market liquidity. The $PAIN presale of 186,000 SOL has become one of the largest meme projects in Solana's history. The U.S. Congress is paying attention to cryptocurrency de-banking, with concerns raised over the FDIC's policy shift. Ondo Finance launched the Layer 1 public chain, Ondo Chain. In the past 24 hours, one project publicly announced securing financing, raising €1.1 million, focusing on the RWA (Real-World Assets) sector.

Gate Research: This report summarizes blockchain industry developments from February 3 to February 7. Stargate Finance TVL surpasses $868 million; Dinero TVL exceeds $205 million; Hyperliquid's cumulative revenue surpasses $70 million; Berachain announces mainnet launch on February 6; Storm Trade TVL increases by 26.77% in 7 days, reaching $33.96 million; Galxe ecosystem expansion accelerates with 287% user growth.

Gate Research: This week, four projects—Avalon Labs, SOMO, MetaBrawl, and Credible—have all provided opportunities for users to participate in airdrops. Avalon Labs combines traditional finance with decentralized finance through USDa, offering users stable returns. SOMO integrates blockchain, AI, and gaming elements to create a new metaverse entertainment experience. MetaBrawl is an action game that combines open-world exploration with platform combat. Credible uses blockchain technology to establish a decentralized credit scoring system, aiming to address the pain points of traditional credit systems. These projects offer relatively simple participation methods, allowing users to earn airdrop rewards or participate in project governance by completing tasks, staking assets, and other activities.

Gate Research Weekly Review & Outlook: This week BTC price entered a descending triangle pattern, ETH briefly dropped below $2,100 before entering a consolidation phase. The U.S. Senate Committee approved Howard Lutnick's nomination for Secretary of Commerce. FDIC released documents on crypto-related activity supervision. BTC mining difficulty increase led to decreased January production for most mining companies. Total stablecoin supply exceeded $220.9 billion. Storm Trade's TVL rose 26.77% over 7 days, reaching $33.96 million. The Ionic platform suffered a hack with $8.6 million stolen and security audit concerns emerged.

Gate Research (2025.2.1-2025.2.7) – This report comprehensively analyzes the key dynamics in the cryptocurrency market and the broader macroeconomy. On February 1, the U.S. government announced new tariffs on imports from Mexico and Canada, leading to significant volatility in the cryptocurrency market. On February 3, former President Donald Trump agreed with the President of Mexico to suspend the anticipated tariffs immediately. On the same day, an Oklahoma state legislator proposed the Bitcoin Freedom Act, which is under review at the 60th legislative session. On February 5, Goldman Sachs and Wells Fargo predicted that the Federal Reserve would cut interest rates twice this year.

Gate Research (2025.2.1-2025.2.7): On February 1, Uniswap CEO announced that the V4 version will provide lower gas fees for user swaps and increased LP profits. On February 4, Ethereum founder Vitalik indicated that the Pectra upgrade is scheduled for execution in March. On February 4, Movement launched a year-long Cornucopia liquidity enhancement program. On February 6, Syndicate integrated with Alchemy Rollup infrastructure and launched an accelerator program.

Gate Research Daily Report: On February 5, in the past 24 hours, Bitcoin price dropped by 3.55%, falling below $98,000, while Ethereum price declined by 2.75%, breaking below $2,700. Stargate Finance's TVL surpassed $868 million. Dinero's TVL exceeded $205 million. Hyperliquid's cumulative revenue surpassed $70 million. Berachain announced the launch timeline for its mainnet. Ethereum raised its gas limit for the first time in three years. Tether integrated USDT to the Bitcoin network.

Gate Research Daily Report: On January 27th, BTC and ETH prices experienced fluctuations. Pump.fun's cumulative revenue surpassed $470 million, with over 6.7 million tokens deployed. Jupiter's TVL broke through $2.9 billion, setting a new all-time high. Ohio, USA, has rolled out a strategic Bitcoin reserve bill. Brazil banned the local Worldcoin iris-scan-to-crypto exchange program. Additionally, the Accrue project in the payments sector completed a significant funding round.

Gate Research Daily Report: BTC and ETH prices are currently in a consolidation range, with BTC's price rising by 0.20% over the past 24 hours. Ethereum Layer-2 protocol transaction throughput hits a new high, with BASE leading the growth, accounting for 67%. Trump signs an executive order on cryptocurrency, exploring a national crypto asset reserve. Senator Lummis is appointed chair of the Senate Banking Subcommittee on Digital Assets, promoting Bitcoin as a strategic reserve. The SEC withdraws SAB 121, allowing banks to custody cryptocurrencies.