Gate Research: Monthly Highlights - March 2025

This month, Gate Research focuses on the full-spectrum dynamics of the Web3 industry, covering on-chain data, major security incidents, technological and crypto developments, policy and macro trends, and market funding conditions. Below is a summary of the key highlights:

On-Chain Insights

• Overall Trend : There was a divergence in the flow of funds across various public chains. ETH saw significant outflows, while BTC and SOL experienced positive cash flow. Long-term Bitcoin holders have begun accumulating again, with exchange balances dropping to historical lows, gradually tightening supply.
• Ecosystem Performance : Pump.fun saw a decline in activity on Solana, while BSC-based Four.meme surged due to its low-cost, fair launch mechanism and CZ's community media activities, sparking market interest. Four.meme's platform hit new highs in token launches and trading volume, highlighting the strong market demand for transparent asset issuance platforms.
• Holding and Trading Behavior : Bitcoin's market supply is tightening, and its on-chain holding structure is gradually optimizing. The meme coin ecosystem remains active, driving platform innovation and user participation.
• Read the full report : Gate Research: March Web3 On-Chain Insights

Crypto Events & Technological Developments

• Technological Breakthroughs : Aave expanded to the Sonic mainnet, deploying the V3 lending market; Raydium launched the token launch platform LaunchLab; Pump.fun introduced the native DEX PumpSwap; Berachain officially launched its PoL system, advancing decentralized governance.
• Security Incidents : Mandiant confirmed that Bybit's security breach was linked to North Korean hackers; Hyperliquid suffered a manipulation attack, with Hyper Foundation covering user losses.
• Product Innovations : Gate Web3 Wallet received a major upgrade, featuring AI multi-chain aggregation for optimized trading and enhanced asset management efficiency.
• Read the full report : Gate Research: Web3 Events and Cryptocurrency Technology Developments for March 2025

Industry Policies & Macro Trends

• Macroeconomic Environment : February's US inflation data came in below expectations, and March's consumer confidence index saw a sharp decline, signaling economic downturn and uncertainty in the US.
• Policy Developments : The IMF clarified cryptocurrency asset classification, incorporating Bitcoin into the capital account; Trump advocated for the establishment of a US crypto reserve, with BTC, ETH, SOL, XRP, and ADA listed as core assets.
• Global Impact : Positive signals for cryptocurrency from policy and regulatory fronts are growing, with market sentiment becoming more optimistic.
• Read the full report : Gate Research: Web3 Policy and Macro Report for March 2025

Disclaimer
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Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.

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