Research

Pump.fun is leading the charge in the memecoin launchpad trend, driving the rapid growth of emerging memecoin projects. This report delves into its unique mechanisms and key data, revealing market trends and opportunities behind the expansion of the memecoin ecosystem.

Gate Research (February 22-27, 2025): On February 21, Gate.io Launchpool introduced Rivalz Network (RIZ). The same day, Bybit experienced a major security breach with approximately $1.5 billion in ETH stolen. On February 24, Infini faced abnormal fund transfers due to internal operational errors, but fully compensated users to protect their assets. On February 25, Ethereum's Pectra upgrade hit roadblocks on the Holesky testnet, failing to reach final confirmation, which could potentially delay mainnet deployment. On February 26, the SEC officially ended its investigation into Uniswap. Also on February 26, Ondo Finance announced its integration with the Mastercard network.

Gate Research Weekly Review & Outlook: This week BTC continued its decline, reaching a low of around $82,500, while ETH broke support and entered a downtrend. The market correction triggered leveraged liquidations, with 24-hour liquidations reaching $770 million. Oklahoma's "Strategic Bitcoin Reserve Bill" (HB 1203) has passed the House committee and entered the full voting stage. StakeStone officially released its whitepaper on February 26. MetaMask partnered with Transak to expand fiat on/off-ramp services and added support for 10 major blockchains. Ondo Finance's TVL grew by 14.42% over 7 days, reaching $921 million. Bitcoin NFT protocol Ordinals' total inscriptions have surpassed 80 million.

Gate Research (Feb 22-27, 2025) presents a comprehensive analysis of significant developments in the cryptocurrency market and the macroeconomic landscape. On February 21, under the MiCA regulatory framework, 10 companies were approved to issue stablecoins in the EU. On February 25, the latest data from the U.S. Chamber of Commerce showed a sharp decline in the U.S. Consumer Confidence Index. On the same day, South Dakota vetoed the Bitcoin Reserve Bill. On February 26, Oklahoma's Strategic Bitcoin Reserve Bill (HB 1203) passed the House Committee and moved to the full vote stage. Also, on February 26, Hong Kong is set to release its second virtual asset policy declaration, aiming to strengthen regulation and foster innovation.

This report thoroughly examines the stablecoin market, providing a detailed analysis of its current state, use cases, competitive dynamics, and regulatory landscape. It covers the strengths, challenges, and future prospects of established stablecoins and emerging projects, offering valuable insights for investment decisions. The report explores how stablecoins are crucial in crypto trading, cross-border payments, and the DeFi ecosystem, and delves into their technological innovations and market potential.

Gate Research Daily Report: The price of Bitcoin has dropped by 3.05%, reaching $89,290, while Ethereum's price has increased by 0.25%, reaching $2,504.58. The total market capitalization of the cryptocurrency market has fallen below $3 trillion, a decrease of 24.1% from its peak. Sonic's TVL has surpassed $600 million. In the past 24 hours, Jupiter's fee revenue has exceeded that of Pump.fun, marking a new low since September 2024. Aave has voted to suspend lending services on the Polygon PoS chain, which could result in a loss of over $300 million in TVL. The SEC has announced the termination of its investigation into Uniswap. Hong Kong is set to release its second virtual asset policy declaration.

Gate Research Daily Report: On February 25, the price of Bitcoin dropped by 3.57% to $92,258.1, while Ethereum's price fell by 8.31% to $2,492.07. Berachain's Total Value Locked (TVL) surpassed $3.3 billion, overtaking Arbitrum and Base to become the sixth largest blockchain by TVL. The TVL of the Rings protocol exceeded $84 million, setting a new all-time high. South Dakota vetoed the Bitcoin treasury reserve bill. Ethereum's Pectra upgrade encountered issues on the Holesky testnet, failing to complete finality and impacting the mainnet deployment. The Dubai Financial Services Authority (DFSA) officially approved the USDC and EURC stablecoins, incorporating them into the cryptocurrency token regulatory framework.

Gate Research Daily Report: Bitcoin has fallen below the $97,000 support level, and Ethereum dropped by 1.04% due to the Bybit hack. Pump.fun's self-developed AMM has shaken the Raydium ecosystem, while Berachain's cross-chain bridge saw over $85.47 million in funds flow in the past 7 days. Popular tokens such as Forta, Quai Network, and SpaceN have surged strongly. The stablecoin market capitalization has surpassed $22.65 billion, and market sentiment is leaning towards a wait-and-see approach.

Decentralized Science (DeSci) is becoming a crucial aspect of Web3 development, as it solves fundamental problems such as unequal research funding, intellectual property monopolies, and lack of transparency in scientific research. By leveraging DAO, IP-NFTs, and token economies, DeSci empowers scientific innovation, drives the real-world adoption of Web3, and accelerates progress toward fairer and more open research.

Gate Research Daily Report: On February 21, the price of BTC increased by 1.12% over the past 24 hours, while ETH rose by 0.40% during the same period. The lending protocol PACT has officially bridged to Aptos, which will drive growth in Aptos' TVL (Total Value Locked). The SEC has approved Figure to issue its first interest-bearing stablecoin YLDS, offering a 0.5% annual interest rate. After OpenSea announced the launch of SEA tokens, its market share in the NFT space surged to 71.5%. Shadow set a new record for single-day trading volume at $252 million, surpassing Hyperliquid and Berachain. The Canary LTC ETF has been listed on the DTCC, moving toward the market readiness phase.

Gate Research: This report summarizes blockchain industry developments from February 17-21, 2025. Pump.fun's protocol fee revenue plunged over 85% from its peak on February 17, 2025; Dolomite achieved a record TVL of $735 million; Ondo Finance's TVL surpassed $777 million; Hyperliquid's mainnet HyperEVM has officially launched; Gate.io partnered with the Consensus-HK conference to create a new paradigm in Web3 music and social networking; Berachain's TVL exceeded $3 billion, reaching a historic high.

Gate Research Institute: This week, Hub.xyz, Nomisma, Ethereal, and Kittenswap have all provided users with opportunities to engage in the Web3 ecosystem. Hub.xyz trains AI agents through interaction on the X platform and incentivizes users' participation with IQ points. Nomisma, as a Layer 1 sidechain in the Chromia ecosystem, leverages relational blockchain technology to solve issues faced by traditional blockchains. Ethereal offers institutional-level trading performance and uses USDe as collateral. Kittenswap is characterized by low gas fees and its LIQUID token mechanism, providing lending services and being community-governed. These projects attract users through airdrops, where users can earn token rewards by completing tasks, engaging in social interactions, and more.

This week, BTC tested support at $93,500 before stabilizing, while ETH entered an upward channel after testing $2,600. Gate.io partnered with Consensus Conference to pioneer Web3 music social networking. Under the MiCA regulatory framework, 10 companies have been approved to issue stablecoins in the EU. Canary Capital launched the $AXL (Axelar) Trust fund. Berachain's TVL reached a new all-time high of $3 billion. Circle's on-chain fees continued to rise, exceeding $35.39 million in the past week. Ethereum network transaction fees dropped 70% week-over-week, reaching the lowest level since July 2020.

Gate Research (Feb 15-21, 2025): On February 17, the President of Argentina was accused of fraud following the collapse of the LIBRA token. On February 18, the Abu Dhabi branch of global investment management firm Brevan Howard Digital deployed $20 million in assets to the Ethereum Layer 2 network Kinto, participating in its on-chain financial ecosystem. On February 19, Hyperliquid's HyperEVM mainnet officially launched, introducing "universal programmability" to its Layer 1 blockchain. On February 19, Gate.io teamed up with the Consensus conference to create a new model for Web3 music social networking.

Gate Research (Feb 15-21, 2025): This report provides a comprehensive analysis of key developments in both the cryptocurrency market and the broader macroeconomic environment. On February 15, Federal Reserve’s Logan stated that even if inflation continues to cool, it may not necessarily trigger rate cuts. On February 18, a New York Fed survey revealed that U.S. manufacturing costs in February saw the largest increase in two years. On February 19, data from the U.S. Treasury showed that the top three foreign holders of U.S. debt reduced their holdings in December, while total foreign net inflows exceeded $87 billion. Also on February 19, U.S. January residential construction fell by 9.8% month-on-month, worse than the expected 7.3% decline, and far below the previous value of 15.8%.