Topics of Crypto World

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 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.

Gate.com has released its latest Proof of Reserves report. As of May 8, the total value of Gate.com’s reserves stands at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion.

Puffverse is a 3D fantasy metaverse project that integrates chain games, UGC tools, and NFT economy. It is created by the original Xiaomi game team and has received strategic investment from Animoca Brands. This article will quickly introduce you to the participation process of Gate.com Launchpad, the project highlights of Puffverse, token mechanisms, and subscription rules, helping you to safely and efficiently participate in this Web3 gaming feast.

Gate Research Daily Report: On May 12, BTC fell 0.31% to 103,850 USDT; ETH dropped 1.44% to 2,500.76 USDT; Sectors such as Meme, Gate ETF, and AI Agent significantly outperformed the market average; Bitcoin dominance declined 3.4% over the past week to 61.9%; The Altcoin Season Index rebounded to 36, a notable increase from the April low; The Federal Reserve’s balance sheet reduction is slowing, with total assets now reduced to $6.7 trillion.

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.

Global asset management giant BlackRock plans to put its $150 billion money market fund on-chain through DLT Shares, using blockchain technology to enhance trading efficiency and transparency. DLT Shares will be sold through the Bank of New York Mellon, paving the way for future digital currencies or on-chain derivative products. This move not only signifies a major strategic layout for BlackRock in the blockchain field but also marks a new milestone in the integration of traditional finance and Web3.

Vitalik proposes to simplify the consensus mechanism and virtual machine architecture, so that Ethereum can achieve a protocol simplification similar to Bitcoin's in the next five years, enhancing verifiability and security, while paving the way for ZK scaling and multi-language development.

This report summarizes Web3 fundraising in April 2025, with 94 deals totaling $2.37B. Fundraising activity cooled, capital shifted toward scalable, later-stage projects.

Gate Research Daily Report: On May 13, BTC fell by 2.38% to $101,550, while ETH dropped by 3.49% to $2,425.76. Sectors such as Meme, AI Agent, and RWA experienced broad declines, with altcoins facing a short-term correction. Goldman Sachs postponed its forecast for a Fed rate cut to the end of the year and lowered the probability of a U.S. recession. U.S. SEC Chair Paul Atkins unveiled a new vision for crypto regulation, signaling a shift toward more favorable policies.

Doodles (DOOD) is a community-driven media brand originating from the Ethereum blockchain, initially starting with a series of 10,000 unique hand-drawn character NFTs, and quickly expanding into various fields such as animation, music, games, and offline activities. Through the Doodles 2 platform, NFT customization is achieved, and collaborations with multiple international brands further expand its creative ecosystem.

The alt season has been delayed mainly due to the strengthening of Bitcoin's dominance, macroeconomic contraction, oversupply of altcoins, weakening enthusiasm of retail investors, and regulatory uncertainty. The stability of Bitcoin and institutional favor attract funds, while altcoins are limited by insufficient liquidity and reduced risk appetite. History indicates that the alt season may arrive after Bitcoin stabilizes, and investors need to patiently wait and focus on high-quality projects.

The New York Times investigation revealed that the Trump family closely integrated business interests with political power through the cryptocurrency company WLFI. Controlled by the Trump family, WLFI uses the president's position to promote token sales, attracting domestic and foreign investors, and reaching agreements for mutual benefits with startups. The Trump administration's policy statements often overlap with WLFI's commercial interests, raising questions of conflicts of interest and contributing to the growth of the family's wealth.

On the occasion of the second anniversary of the launch of the Sui mainnet, this article systematically reviews how it has evolved from the early controversial VC chain to one of the most wealth-effective new public chains, and deeply analyzes the successful logic behind its DeFi construction, airdrop strategy, market value management, community culture, and the linkage of ecological projects.

The article delves into the opportunities of Web3 in AI technology stack, including computing power sharing, data privacy protection, model training and inference, as well as exploring how AI empowers the finance, infrastructure, and new narratives of Web3, from decentralized computing power networks to the cold start of AI Agents, from on-chain transaction security to generative NFTs, the integration of AI and Web3 is opening up a new era full of innovation and opportunities.