Macro Trends

The article examines how blockchain and Bitcoin have disrupted and transformed current financial systems, while also highlighting both the aspirations and the disillusionment present in the industry.

Gate Research Daily Report: On December 10, the crypto market saw a mild rebound, with BTC and ETH maintaining a strong short-term structure. Among notable movers, PIPPIN (+66%) surged on strengthened AI-driven narratives and speculative flows; WET (+37%) gained significant attention following its TGE launch and broader traction within the Solana ecosystem; and PENGU (+10%) remained strong amid positive momentum from Pudgy Party surpassing one million downloads and the release of AI-enabled Pudgy toys. On the industry front, Polygon completed its Madhugiri upgrade, delivering a meaningful boost to network throughput and enterprise-grade infrastructure capabilities. FLock.io, Deluthium, and Aerodrome jointly advanced the rollout of the on-chain insurance platform CARiFIN. Meanwhile, BTC supply on exchanges has declined by more than 400,000 BTC over the past year, easing spot selling pressure and reinforcing a more supportive medium-term market structure.

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: On December 8, over the past 24 hours, the crypto market remained in a consolidation phase. BTC entered sideways trading after a sharp V-shaped rebound, with short-term moving averages forming a minor death cross, signaling that the price has entered a correction stage. ETH moved in tandem with BTC, showing a high degree of correlation. Altcoins showed clear divergence — large-cap tokens rose modestly with the broader market, while mid- and small-cap projects became selectively active on narrative and news-driven catalysts. The Fear & Greed Index stood at 20, reflecting continued cautious sentiment. On the macro front, U.S. stocks edged higher, and gold prices traded in a narrow range. In market highlights, Strategy admitted for the first time that it may sell BTC under extreme conditions, drawing widespread attention; Base’s launch of the SOL-Base Bridge sparked controversy within the Solana community; and the Monad mainnet’s on-chain activity fell short of expectations, with DEX trading volum

After the institutionalization of the cryptocurrency market, Bitcoin can hardly reproduce 20-fold wealth explosions. Retail investors are turning to strategies such as DCA (Dollar-Cost Averaging), phased position building, airdrop farming, and learning InfoFi tactics, in order to avoid the rollercoaster of meme coins and the pitfalls of short-termism.

Gate Research Daily Report: On December 5, BTC turned weaker over the past 24 hours after a period of high-level turbulence; ETH stabilized following a sharp pullback; GT found support near 9.50; and SN surged over 90%, drawing market attention. Canton Network’s developer gained strategic investment from Wall Street giants, pushing on-chain assets past $6 trillion. XRP spot ETFs saw 13 straight days of inflows, nearing the $1 billion mark, while JPMorgan said bitcoin’s near-term direction depends largely on whether Strategy (MSTR) can maintain its value-to-bitcoin-holdings ratio above 1.

Gate Research Weekly Report: BTC saw a strong rebound followed by a period of consolidation at higher levels over the past day. ETH quickly reversed after dipping to $2,719.28 on December 2 and continued to set new local highs during the subsequent rally. Gate recently listed TRADOOR spot and perpetual contracts, with the token surging more than 170% in 24 hours. The Ethereum Fusaka upgrade is progressing smoothly; Web3 project registrations in the Cayman Islands have surged; and PayPal’s PYUSD stablecoin has seen substantial growth. Kalshi and Polymarket recorded nearly $10 billion in combined trading volume in November, marking their strongest month on record. ENA, LINEA, and BB are scheduled to unlock approximately $50.92 million, $12.75 million, and $2.51 million worth of tokens, respectively, over the next seven days.

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Gate Research Daily Report: On December 3, the broader crypto market saw a mild recovery. BTC and ETH rebounded to the $91,000–$93,000 range and above $3,000, respectively, with short-term momentum strengthening in tandem. Among top movers, PIEVERSE (+78%) surged on strong demand following its on-chain AI Agent recruitment event; LIGHT (+44%) became a focal point within the Bitcoin ecosystem amid major RGB cross-layer DEX progress; and PARTI (+33%) rallied on Universal Accounts expanding to Monad alongside several ecosystem integrations. On the industry side, Bitcoin mining profitability has fallen to historic lows, putting miners under significant margin pressure. Tether Data launched QVAC Fabric LLM, a low-barrier framework enabling local AI model training on consumer hardware. Meanwhile, Flow advanced its shift toward financial infrastructure, rolling out native credit-market protocols and expanding its DeFi-oriented roadmap.

Gate Research Daily Report: Bitcoin fell further below $84,000 on Tuesday, and dragged by BTC’s correction, Ethereum dropped below $2,800 over the past 24 hours, approaching its key $2,600 support again. Ancient8 announced a partnership with the gaming identity layer Dæmons, driving A8 up 89% in the past 24 hours; PRIME’s recent gains were mainly fueled by exchange listings and trading incentives, rising 45% over the same period. Kalshi announced it will tokenize thousands of its existing prediction market contracts on Solana, a move likely to attract more institutional and retail participation; meanwhile, Strategy established a $1.44 billion dividend reserve fund to support payouts, signaling robust cash flow and liquidity management to investors.

This article outlines targeted traffic strategies and data-driven examples for platforms like TikTok, LinkedIn, and Telegram. These insights enable teams to capture new Web2 users ahead of institutional entry.

Gate Research Daily Report: On December 1, BTC experienced a high-volume plunge after a prolonged sideways consolidation at the upper range, forming a rapid downward structure and hitting a low of $86,317, confirming a short-term trend shift from sideways to bearish. ETH had been consolidating near $3,030 for several days but repeatedly failed to break above resistance, with momentum gradually weakening. The price then sharply broke down near the dense moving average zone, falling to a low of $2,831. In November, cryptocurrency trading volume fell to $1.6 trillion, the lowest level in nearly five months. TON and the Telegram ecosystem officially launched the decentralized privacy computing network Cocoon. A Chainlink spot ETF is expected to launch this week, while Grayscale plans to convert its private trust into an ETF.

This article can be described as a 2026 roadmap + topic repository, complete with entry logic and protocol examples, helping entrepreneurs and investors identify the next wave of Alpha.

The article provides key monitoring indicators for market bottoming, helping readers identify structural turning points in a high-volatility environment.