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 has 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.

• Market Analysis: Bitcoin dropped 5.22% to $78,236, while Ethereum saw a larger decline of 12.13%, falling to $1,601.
• Top Performers: The top altcoins in the past 24 hours were AERGO, FORTH, and AVAIL, gaining 50.95%, 36.48%, and 9.21%, respectively.
• Data Highlights: Aave’s borrowing interest on Ethereum has surpassed $1 billion, while Solana’s total value locked (TVL) reached 53.8 million SOL, marking its highest point since 2023.
• Spotlight Analysis: Global markets are experiencing the impact of tariff policies, with both traditional stock markets and the crypto market accelerating their declines.
• Market Opportunities: Codex aims to create a more efficient platform for stablecoin transactions by optimizing its underlying infrastructure. The project has raised $15.8 million in funding, which will be used to further develop its blockchain focused on stablecoins.

Explore today’s details → Gate Research: U.S. Tariff Policy Sparks Turmoil in Global Markets; Bitcoin Falls Below $80,000

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Gate.io Team
April 7, 2025

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