Research

This report aims to provide a comprehensive analysis of the core strengths and challenges in the development of the Sonic ecosystem, benchmarking them against the peak of the Fantom ecosystem. By examining key indicators across multiple dimensions—including competitive landscape, technological advancement, user growth, and ecosystem development—it explores whether Sonic has the potential to replicate Fantom's past success and evaluates its strategic roadmap and risk mitigation approach in the current complex market environment.

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.

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: 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.

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 The U.S. Federal Reserve has withdrawn its crypto regulatory guidance for banks.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.

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 (April 18-24, 2025): On April 17, Eliza Labs launched Auto-Fun, an AI agent Launchpad platform to accelerate AI-blockchain integration, while Circle released the Refund Protocol and stablecoin payment network to enhance on-chain payment flexibility. On April 21, the Ethereum Foundation initiated strategic adjustments for the Pectra upgrade, focusing on throughput bottlenecks and cross-chain interoperability. On April 23, Hyperliquid introduced 21 permissionless nodes and planned a delegation mechanism to strengthen decentralized governance and security. On April 24, the Solana Foundation implemented a new delegation policy, removing inactive validators to enhance network decentralization.

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: 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.

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.

This report provides a comprehensive review of Solana’s network performance in Q1 2025. It covers price movements, on-chain activity, the state of smart contracts and staking, growth in stablecoins and decentralized exchanges (DEXs), returns from DePIN, and the cooling of the NFT market. It also examines the implications of the failed inflation governance proposal SIMD-0228 and what it could mean going forward.

On April 23, BTC rose 5.38% to $92,877.5, and ETH surged 13.19% to $1,783.45, driven by multiple positive factors including the easing of US-China trade tensions and changes in SEC leadership. However, sluggish inflows into Ethereum spot ETFs and continued pressure on locked token holders highlight structural divergences in the market. Meanwhile, there have been notable developments in the on-chain ecosystem and regulatory landscape: Hyperliquid introduced a new validator mechanism, and JD.com's stablecoin entered Hong Kong's regulatory sandbox—signaling progress in infrastructure development and compliance efforts.

Gate Research conducts an in-depth analysis of the oracle sector, exploring the strengths and strategic layouts of leading projects such as Chainlink, Pyth, and Redstone. It looks ahead to the second growth curve driven by RWA, AI, DePIN, and other factors, forecasting that the oracle market has a potential value of $23.1 billion. This article will examine the topic from four aspects: the development history of oracles, market size, core projects, and future development.

Gate Research Daily Report: On April 22, Bitcoin rose 0.9% to $88,056, with a market dominance of 63.6%, reaching a four-year high. Ethereum fell 3.8% to $1,575. Market risk-aversion sentiment intensified, with gold breaking through $3,480. The Bank of Korea is advancing stablecoin regulatory legislation, Circle has launched a global payment network, and Base chain's daily token creation volume has surpassed Solana for the first time. Pump.fun's graduation rate has rebounded.