Research

Gate Research Quarterly Report : Market volatility increased in Q3, with an overall decline in August and a rate-cut-driven rebound in September. The total cryptocurrency market cap fluctuated between $2 trillion and $2.5 trillion. BTC ETFs saw net inflows of $4.34 billion, while rising network hash rates drove mining difficulty higher. ETH ETFs experienced net outflows of $523 million this quarter. Total DEX trading volume reached $395 billion, and DeFi protocols generated $191 million in cumulative revenue. In Q3, 324 projects completed funding rounds, with total funding reaching $2.4 billion.

Gate Research Daily Report (November 8): Bitcoin saw a modest increase of 0.38%, fluctuating between $74,500 and $76,800. Despite the Federal Reserve’s latest 25 basis point rate cut, Bitcoin’s upward momentum appears to be slowing. Bitcoin spot ETFs recorded a net inflow of $1.38 billion, setting a new single-day high, while open interest in Bitcoin futures across the network exceeded $46 billion, marking a historic peak. Today, the Sui network saw a net inflow of $26.8 million, contrasting with Ethereum’s net outflow of $91 million. UBS announced the launch of its blockchain-based payment system, UBS Digital Cash, and the UK House of Lords expressed its support for the Digital Asset Property Bill, which aims to clarify the legal status of digital assets.

This week, Gate Research has selected a range of notable projects, including the Solana-based edge computing platform Gradient, the decentralized identity verification protocol Humanity Protocol, the TON ecosystem interactive game PAWS, the Ethereum liquid staking protocol Swell Network, and the Web3 AI agent platform DeAgentAI. This article provides a detailed introduction to each project’s core features, funding background, airdrop and reward distribution, and participation steps, aiming to help users quickly understand these emerging projects and seize potential market opportunities.

Gate Research's latest weekly roundup of hot projects highlights Solana's outstanding performance in the public blockchain ecosystem. PAXOS and Robinhood have launched the Global Dollar Network, injecting new momentum into the stablecoin ecosystem. Concurrently, SushiSwap's Vesting Launch token issuance platform has maintained the popularity of the Meme sector, providing a fairer participation environment for users. The rising difficulty in Bitcoin mining, coupled with Avalon Labs' steadily increasing Total Value Locked (TVL), has propelled the growth of both the BTC and BTCFi ecosystems. These advancements and competitive dynamics underscore the vast potential of blockchain technology in areas like Meme, stablecoins, and public blockchains, offering users more innovative applications and a fairer participation environment.

Gate Research Weekly Review reports, this week, Bitcoin surged to a new all-time high of $76,000, driven by the U.S. presidential election, with a 7-day increase of 3.62%. BlackRock's Bitcoin ETF recorded over $1 billion in trading volume within 20 minutes of opening, indicating sustained optimism from institutional investors toward the crypto market. Additionally, meme coin platform Pump.fun reached a record monthly revenue of $30.5 million in October. The DeFi sector also remained active, with SushiSwap launching a new platform called Vesting Launch, and Avalon Labs' TVL surpassing $1 billion. Meanwhile, SafePal introduced a Telegram crypto wallet that supports Visa cards. This week, a total of 10 projects secured funding totaling $33.84 million, reflecting continued confidence in crypto assets.

The total market capitalization of crypto assets has experienced explosive growth over the past decade, surpassing $2 trillion by 2024, rivaling traditional tech giants. The crypto ecosystem has diversified from Bitcoin dominance to a multi-chain, multi-narrative model, with continuous innovations in DeFi, GameFi, and AI applications demonstrating its expanding influence across various sectors. Global crypto users have surged from 2 million in 2014 to 560 million in 2024, with an impressive average annual growth rate of nearly 70%. Despite this rapid expansion, the average adoption rate among internet users is only 10.33%, highlighting significant potential for further growth. While Asia accounts for 58% of the global user base, there remains substantial growth opportunities in other regions.

Over the past decade, crypto trading demand has soared, with 2021 transaction volumes exceeding $24 trillion, leading to a significant increase in the number of CEXs and DEXs. While CEXs still dominate, DEX market share has grown from 0.33% in 2020 to 11.91% in 2024, showing strong growth potential. DEX platforms excel in niche assets and cross-chain trading, while CEXs enhance user experience through Web3 integration. With TradFi entering the market, crypto trading is poised for new growth momentum.

Gate Research Daily Report (November 6): BTC's price rose by 8.9% to $74,284, while ETH's price increased by 7% to $2,590. Donald Trump's election as the 47th U.S. president is widely perceived as positive news for cryptocurrencies, prompting a strong market rally. DOGE saw a daily increase of approximately 24.63%, with growing attention on Trump and Elon Musk’s ongoing engagement boosting community interest and driving up its price. The ETH to BTC market cap ratio has dropped to 24.52%, its lowest since April 2021. Gate.io, Binance, OKX, and Coinbase are among the exchanges listed in Asia Fintech Innovators.

TON (Telegram Open Network) is a decentralized blockchain platform initially designed and developed by the Telegram team, creators of the Web2 messaging app. Due to regulatory challenges, the development and growth of TON were gradually taken over by the community. TON maintains a close collaborative relationship with Telegram, which provides the TON ecosystem with a natural pool of user traffic. Simple and engaging games like Hamster and Notcoin have drawn over a million new Telegram users into the Web3 world. This significant user base potential has attracted numerous Web3 builders and investors to the TON ecosystem. This article will begin with an introduction to TON’s origin with Telegram, systematically exploring the TON ecosystem and discussing the platform’s growth journey and the potential opportunities underlying its data.

In the past 24 hours, the total forced liquidation in the crypto market reached $206 million, with long positions accounting for $159 million. Over $600 million in tokens flowed into Solana, with more than 90% originating from Ethereum. Grayscale's multi-token fund GDLC submitted its ETP application, initiating the review process to potentially become the first multi-crypto asset ETP. a16z made an additional $23 million donation to the crypto advocacy group Fairshake to support crypto policy reform. Meanwhile, the State Bank of Pakistan proposed the legalization of digital currency.

BTC and ETH prices experienced a decline over the weekend, with BTC dropping below $70,000. The S&P 500 index rose by 0.41%, the Nasdaq increased by 0.80%, and the Dow Jones gained 0.69%. In the U.S., Bitcoin and Ethereum spot ETFs saw net outflows of $54.94 million and $10.93 million, respectively. Bitcoin's market share reached 60.5%, marking a nearly three-year high. Radiant Capital has resumed its lending market on the Base network. Between November 1 and 4, three projects announced funding, totaling over $9 million.

Gate Research: In recent years, Ethereum Layer 2 has developed a thriving ecosystem, becoming a significant segment within the cryptocurrency space. This article offers readers a comprehensive review, analyzing token performance and the current developments of various protocols, providing clear insights into the present state and competitive landscape.

This article reviews the ten-year journey of the cryptocurrency market, exploring the evolution of token issuance models, from mining to one-click token creation. It analyzes the impact of innovations like DeFi and NFTs on the market, and delves into the dominant roles of Solana and Base chains in new token issuance. The article also highlights the opportunities and challenges brought by diversified issuance methods.

Bitcoin’s price dropped 2.84% over the past 24 hours to $70,303, facing potential short-term resistance at $69,500 as bulls and bears contend for control. MicroStrategy announced a significant $42 billion Bitcoin investment plan to expand its reserves. Meanwhile, the U.S. Treasury suggested replacing stablecoins with a central bank digital currency (CBDC) to enhance stability. Canary Capital applied for a Solana spot ETF, joining traditional financial firms in expanding crypto offerings. Additionally, USDT circulation surpassed $120 billion, up 30% since the beginning of the year, reflecting strong demand.

This week’s highlights from Gate Research cover the top projects: cross-chain liquidity staking protocol Drop, BTCFi-based trading chain Taker Protocol, governance token Salad by WEEX, liquidity protocol Mitosis in a modular blockchain ecosystem, and the decentralized public network Nillion. This article presents each project's core features, funding updates, airdrop distributions, and participation steps, aiming to provide users with the latest insights into the crypto market and help capture potential opportunities.