Research

With its impressive performance advantages, SVM is emerging as a key driver of growth for decentralized ecosystems, playing a crucial role in expanding Solana's ecosystem. This article examines the SVM sector, currently valued at approximately $444 million, and explores how innovative projects like Sonic SVM, Eclipse, and Solayer are boosting Solana’s ecosystem through TikTok partnerships, Layer 2 solutions, and hardware acceleration. It also analyzes the sector’s challenges and opportunities across technical, ecosystem, economic, and regulatory dimensions, offering readers comprehensive market insights.

Gate Research Daily Report: On March 19, Bitcoin's price dropped 0.69% to $82,803, while Ethereum rose 1.45% to $1,930. Ethereum's MVRV ratio fell to 0.9, a level historically associated with buying opportunities. Gate saw a seven-day net inflow of $3.17 billion, ranking first among centralized exchanges (CEXs). The Four.meme protocol reported a daily revenue surpassing $170,000. Sky invested $1 billion to accelerate the growth of tokenized treasury assets, including BUIDL, Superstate, and Centrifuge. Raydium is set to launch LaunchLab, a new token launch platform. Meanwhile, EOS has rebranded as Vaulta, signaling a strategic pivot toward Web3 banking services.

Gate Research Daily Report: On March 18, BTC price dropped 0.68% to $83,283, while ETH price declined 0.55% to 1,906 USDT. Gate Web3 Wallet underwent a major upgrade, introducing AI-powered multi-chain hub aggregation trading. Hyperliquid's trading volume surpassed $1.122 trillion, driving the scaled development of decentralized exchanges. Pump.fun's activity continued to decline, with daily revenue hitting a four-month low. CME launched Solana futures, with a daily trading volume of approximately 38,000 SOL. Canary Capital applied for a SUI spot ETF, signaling institutional interest in the Sui ecosystem.

March 17, Bitcoin price fell by 0.54% to $83,713.5, and Ethereum price dropped by 0.69% to $1,908.56. Solana's February revenue accounted for 57% of the overall blockchain market. The market capitalization of stablecoins is growing, with USDT remaining dominant, while USDC is expanding within the Solana ecosystem. North Korean hacker group Lazarus Group's Bitcoin holdings have become the third-largest globally. U.S. voters strongly oppose the cryptocurrency strategic reserve plan, with fiscal priorities still focused on public welfare. Argentina has officially implemented new VASP regulatory rules to strengthen compliance and market stability.

Gate Research Daily Report: March 14, Bitcoin price fell by 1.95% to $82,014.1, while Ethereum price rose by 0.53% to $1,894.63. The number of contract deployments on the Base ecosystem surged, reaching a record high of 11.4 million in a single week. Solana's stablecoin supply has skyrocketed by 130% this year, while Ethereum remains the leader. Ethereum launched the Hoodi testnet for the Pectra upgrade. Aave introduced the Horizon initiative, targeting the institutional-grade real-world asset DeFi market. Solana proposal SIMD-0228 failed to pass the vote, obstructing the planned inflation adjustment.

Gate Research: This report summarizes blockchain industry developments from March 10-14, 2025. Key highlights include: Sui's on-chain stablecoin market cap has exceeded $600M, reaching an all-time high; Anzen Finance protocol's TVL has broken through $112M, also hitting a record high; Movement has submitted a MOVE ETF application while its mainnet beta launch drives ecosystem growth; Ordinals EVM extension protocol Veda's TVL has surpassed $2B; Securitize partners with RedStone to enhance RWA data support, advancing on-chain financial development; and Ripple obtains Dubai license, expanding crypto payment services into the Middle East market.

Gate Research: This week, four projects—Captain & Company, XOOB, Shaga, and Endless—are offering users new ways to engage with the Web3 ecosystem. Captain & Company is a pirate-themed blockchain game where players embark on maritime adventures and engage in faction wars to earn CNC tokens. XOOB is a space-themed GameFi platform on Telegram that allows users to mine and complete tasks to earn XOOB tokens, with the campaign expected to run until April 2025. Shaga is a cloud gaming platform where users accumulate points by participating in various activities, which will later be converted into airdropped tokens in the second quarter of this year. Endless, a Web3 cloud protocol, is hosting a $1 million EDS token airdrop through the Luffa mobile app. All four projects are still in their early stages, giving users the opportunity to get involved in ecosystem development while potentially earning rewards.

Gate Research (Mar 7 - 13, 2025), this report provides a comprehensive analysis of key developments in the cryptocurrency market and macroeconomics. On March 7, U.S. nonfarm employment for February increased by 151,000, slightly below expectations, while the unemployment rate reached a new high. Trump signed an executive order officially establishing the U.S. Bitcoin Strategic Reserve. On March 10, the Utah Senate passed the Bitcoin bill, but the reserve investment provisions were removed. On March 11, the SEC shifted to a crypto-friendly stance and may withdraw exchange registration requirements. On March 12, the U.S. February unadjusted core CPI annual rate recorded 3.1%, the lowest since April 2021. The SEC delayed the approval of multiple spot cryptocurrency ETFs. On March 13, the state of Nebraska in the U.S. signed a Bitcoin ATM regulatory bill.

Gate Research Weekly Review & Outlook: This week, BTC prices tested the $78,500 level twice, while ETH prices dropped to $1,750. Mentions of blockchain-related terms in SEC filings reached a record high in February. Securitize partnered with RedStone to enhance RWA data support, driving deeper development in on-chain finance. Meanwhile, Ripple obtained a Dubai license, expanding its crypto payment services to the Middle East. The BlackRock BUIDL Fund's TVL surged past $665 million, marking a new all-time high. Soneium's on-chain transaction volume reached $3.27 million, reflecting a 179% increase over seven days. Additionally, Morph Chain's TVL soared to $78 million, with BulbaSwap contributing over $71.38 million.

Gate Institute (2025.3.7-2025.3.13), on March 7, Safe{Wallet} collaborated with Mandiant, a cybersecurity company under Google Cloud, to investigate the Bybit security incident, confirming its connection to North Korean hacker TraderTraitor. On March 11, the Movement Foundation announced that REX-Osprey™ had submitted an application for the MOVE ETF. On March 12, Solana's SIMD-228 upgrade proposal was approved. On March 13, the terms related to blockchain in the U.S. Securities and Exchange Commission (SEC) filings reached a historical high in February. Virtuals Protocol announced the launch of the multi-agent framework ACP.

Cross-chain technology plays a crucial role in enabling interoperability between different blockchain networks and is essential for the advancement of Web3. Rather than simply covering well-known cross-chain bridges, this article takes a deep dive into the leading cross-chain solutions in the industry today. It explores major interoperability protocols such as LayerZero, Wormhole, and Axelar, along with emerging trends like chain abstraction, intent-based systems, and chain aggregation (Agglayer). The analysis focuses on the core principles, use cases, and market impact of these solutions. By examining cross-chain technology from a technical perspective, this article highlights its potential to enhance blockchain ecosystem interoperability and asset liquidity while offering valuable insights and forward-looking perspectives for industry professionals.

Gate Research Daily Report: March 12, Bitcoin price rose 3.52% to 82,338.6 USD, while Ethereum price rose 0.86% to 1,879.61 USD. Yei Finance TVL surpassed 170 million USD. Veda TVL surpassed 2 billion USD. Solana DEX trading volume declined 95% from its January peak. Bubblemaps released BMT tokenomics. SEC delayed multiple spot cryptocurrency ETF approvals. The U.S. February core Consumer Price Index will be released tonight, with market expectations of a slight inflation decline.

Gate Research Daily Report: On March 11, BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD. The crypto market evaporated $1.3 trillion, marking the largest quarterly pullback in history. The market capitalization of stablecoins rose to $227.17 billion, reaching an all-time high. The Thailand SEC approved USDT for compliant trading, marking a key step in digital asset regulation. Movement submitted a MOVE ETF application, with the Mainnet Beta launch driving ecosystem growth. The SEC has shifted to a crypto-friendly stance and may withdraw the exchange registration requirement.

This report summarizes the funding situation in the Web3 industry for February 2025. A total of 134 funding rounds were completed, amounting to $1.02 billion. Although this represents a decline compared to January, the overall trend remains stable. The CeFi sector, with its institutionalized scenarios, has become the main hub for large funding rounds, while emerging fields such as blockchain security, infrastructure, and Ordinals have also gained attention. Most funding still consists of small and medium-sized rounds, with Pre-Seed and Seed rounds accounting for more than half, indicating that early-stage projects continue to attract capital. The report also covers key funded projects, including Raise, Cygnus Finance, ResearchHub, Ethena, and Blockaid.

February 2025 was a dynamic month for blockchain and crypto, with significant events shaping the industry. Key projects like Ethereum, Metamask, SMID-96, Stackstone, and Hyperliquid saw major developments, including platform launches, service expansions, token issuances, feature rollouts, mainnet activations, fee voting, and mining activities. These advancements highlight ongoing innovation, foster technological and community growth, and provide fresh momentum for the industry’s expansion.