Research

Gate Research Daily Report: On May 9, Bitcoin trades at $102,934 and Ethereum at $2,214. Bitcoin’s market cap has reclaimed the $2 trillion mark, surpassing Google to become the world’s sixth-largest asset. Rumble reported a 34% YoY revenue increase in Q1 and is betting on crypto wallets to challenge Coinbase. Stablecoin trading volume hit an all-time high of $1.82 trillion last month. Superstate launched the “Opening Bell” platform to enable on-chain issuance and trading of SEC-registered equities. Bridge unveiled USDB, a developer-focused stablecoin fully backed 1:1 by cash and BlackRock money market funds.

This report provides a summary of Web3 on-chain activity in April 2025. Solana maintained an average of over 93 million daily transactions, reaching a cumulative total of 2.4 billion by April 26, continuing to lead all blockchains in usage. Among capital flow data across major chains, Ethereum recorded a net inflow of over $904 million, ranking first across the network. On the Bitcoin network, wallet addresses holding more than 10,000 BTC showed cumulative scores between 0.9 and 1, indicating near-complete net accumulation. Additionally, Bitcoin’s UTXO net growth remained positive, reflecting a gradual recovery in network activity. As of April 28, Raydium’s LaunchLab had created 25,207 tokens, with a graduation rate of approximately 0.84%. Meanwhile, the meme token $TRUMP triggered a wave of market enthusiasm, surging over 50% in price following the announcement of an exclusive golf dinner and White House tour event, leading to a notable increase in both token holders and on-chain activity.

Gate Research Weekly Report: BTC breaks through $98,000, ETH oscillates around $1,800. Powell announces inflation has significantly decreased. Solana DEX trading volume hits $800B in 2025. Polygon Labs launches CDK OP Stack. Revolut is set to introduce Bitcoin Lightning payments in Europe. Tether mints 1B USDT on Tron, reaching 14B total minted in 2025.

Gate Research Daily Report: On May 7, BTC trades at $97.4K, and ETH at $1.84K. SOL Strategies increases its SOL holdings by 122,500. KULR Technology adds 42 BTC, up 197.5% YTD. New Hampshire becomes the first U.S. state to pass a Bitcoin Strategic Reserve bill. Tether integrates Chainalysis compliance tools into the Hadron platform, enhancing asset tokenisation compliance standards.

Gate Research Daily Report: Bitcoin is trading at $95,190, while Ethereum stands at $1,752.39. Solana maintains its lead in public blockchain activity rankings, with Unichain showing strong momentum. Sui ecosystem DEX volume hit a new all-time high. Digital asset investment products recorded $3.4 billion in weekly inflows, marking the highest level this year. SIGN led the rally among trending tokens, while Virtuals Protocol and MemeFi sectors also delivered strong performances.

Gate Research Daily Report: On April 29, the U.S. Congress restarted its cryptocurrency legislative process, aiming to complete stablecoin and market structure bills by August. Tether announced that its XAU₮ gold reserves have surpassed 7.7 tons. Mastercard is advancing stablecoin payment integration, now covering over 150 million merchants worldwide. Blockchain security project Ika completed a strategic funding round with support from the Sui Foundation and has launched an airdrop campaign based on SUI staking.

This report presents a systematic study of gold, the Nasdaq Index (including both Composite and Nasdaq-100), and Bitcoin (BTC), aiming to uncover their return characteristics, volatility clustering, correlation evolution, and the applicability of trading strategies under various macroeconomic contexts.

Gate Research Daily Report: On April 28, Bitcoin slipped 0.45% to $93,528.7, while Ethereum declined 1.7% to $1,775.7. The stablecoin market cap is nearing $240 billion, and DeFi TVL has climbed back above $100 billion. Meanwhile, the world's first spot XRP ETF debuted in Brazil, and Arizona's Bitcoin reserve legislation is approaching its final vote.

Gate Research Daily Report: Bitcoin is priced at $93,176 and Ethereum at $1,752.39. The U.S. Federal Reserve has withdrawn its crypto regulatory guidance for banks. Sui has launched a virtual Mastercard, and Securitize has partnered with Mantle to introduce a crypto index fund. Solana's stablecoin market cap hits a new all-time high, SUI's market cap surpasses LINK, and Uniswap's total trading volume is approaching the $3 trillion milestone.

Gate Research: This weekly report summarizes key blockchain industry developments from April 18-24, 2025. Solana's DEX trading volume reached $16.2B, surpassing Ethereum for the first time. Circle launched a stablecoin cross-border payment network, ushering in a new era of global real-time settlement. The Ethereum Foundation restructured its strategy to accelerate core protocol upgrades and address performance bottlenecks. Base chain experienced a surge in token issuance, while Eliza Labs launched the AI agent platform Auto-Fun to optimize token incentive mechanisms. Hyperliquid initiated a permissionless node validation mechanism, and Floki partnered with Rice Robotics to develop AI data markets. These multi-chain ecosystem innovations are driving the blockchain industry into a new phase.

Gate Research: This week, four projects — Recall, GPUnet, Superform Labs, and Soul Labs — are offering users opportunities to engage with the Web3 ecosystem. Recall, a decentralized intelligence network, is incentivizing users with points to help build its AI knowledge-sharing platform in its early stages. GPUnet is developing a decentralized GPU compute network, and its "Road to TGE" campaign rewards users for contributing computing power and participating in community building. Superform Labs aims to create a cross-chain yield marketplace, allowing users to earn points through deposits and referrals. Soul Labs, as a cross-chain liquidity layer, is running an incentivized testnet to encourage users to explore its cross-chain lending features and earn future tokens. These projects represent some of the most promising directions in Web3 and, being in their early phases, present potential airdrop opportunities for early participants.

By abstracting away the differences between underlying blockchains, Chain Abstraction enables users to perform cross-chain operations without needing to understand technical details, delivering a simpler and more intuitive Web3 interaction experience. This article offers an in-depth analysis of the origin, core logic, and three-layer architecture of chain abstraction, helping you understand how it reshapes user interfaces and development models, and drives blockchain toward broader mainstream adoption.

Gate Research Report: From April 10 to April 24, both Bitcoin and Ethereum broke through key resistance levels, triggering sharp shifts in volatility and market sentiment. BTC surged past $90,000, while ETH stabilized above $1,600 amid frequent long-short battles. This report provides an in-depth analysis of their market performance using multi-dimensional metrics such as open interest, long-short ratios, and funding rates. It also highlights how the True Strength Index (TSI) effectively captures trend reversals and momentum shifts. Through comprehensive backtesting, the study identifies optimal parameter combinations that enhance trading consistency and improve win rates.

Gate Research Weekly Report: This week, BTC and ETH prices remained in an upward range, signaling a broader market recovery. El Salvador submitted a cross-border regulatory sandbox proposal to the U.S. SEC, demonstrating its forward-looking approach to crypto regulation. Floki partnered with Rice Robotics to bring AI data markets on-chain, further expanding blockchain's application scenarios. Meanwhile, Russia announced the establishment of a crypto exchange for qualified investors, marking a key step toward legalization and laying the groundwork for future regulatory frameworks. Notably, dApps generated $1.8B in total fee revenue in Q1 2025—surpassing blockchain infrastructure protocols and highlighting the growing appeal of decentralized applications. On the security front, the XRP Ledger Foundation confirmed that its SDK had been compromised with a backdoor, putting hundreds of thousands of developer projects at risk and underscoring the importance of cybersecurity. Puffer Finance launched an institutional

Gate Research (April 18 – 24, 2025): This report provides a comprehensive analysis of significant developments in the cryptocurrency market and macroeconomic environment. On April 18, the Slovenian Ministry of Finance proposed a draft bill to impose a 25% tax on crypto transactions. On April 22, the Bank of Korea announced plans to advance stablecoin regulatory legislation and establish a comprehensive compliance framework. The Eurozone's preliminary consumer confidence index for April dropped to -16.7, falling short of expectations. On April 23, U.S.-China trade tensions eased as President Trump stated he would “substantially lower” the current 145% tariffs on China. The U.S. April Markit Composite PMI hit a 16-month low, though manufacturing outperformed expectations. JD's stablecoin project entered the regulatory sandbox testing phase in Hong Kong.