This week, Gate Research continued to monitor market trends, regulatory developments, and ecosystem growth. Bitcoin showed a gradual upward trend, peaking at $88,757. Hyperliquid suffered a manipulation attack, triggering a crisis of trust, while Wyoming’s plan to launch its WYST stablecoin drew significant market attention. Below is a summary of the key highlights:

Weekly Highlights

• Market Trends: BTC showed a steady upward trend, reaching a high of 88,757 USDT. Aave lending rates dropped to 4%, reflecting rising risk-averse sentiment. Berachain’s TVL surpassed $3.4 billion, with Infrared emerging as a core growth engine.
• Policy & Regulation: Wyoming plans to launch the WYST stablecoin in July. The SEC clarified that PoW mining activities do not constitute securities issuance. Oklahoma proposed including Bitcoin in public fund reserves, while Kentucky passed the “Bitcoin Rights Act.”
• Security Incidents: DeFi protocol Abracadabra suffered a $13 million exploit. Hyperliquid faced a manipulation attack, escalating concerns over platform trustworthiness.
• Ecosystem Growth: PumpSwap’s daily trading volume exceeded $580 million, capturing 19.2% of the Solana ecosystem’s activity. Gate Wallet officially added support for Berachain. PancakeSwap ranked first in weekly DEX trading volume.
• Read the full report: Gate Research: Hyperliquid Faces Manipulation Attack, Wyoming Launches First U.S. State-Issued Stablecoin WYST

Selected Research Reports

• Policy & Macro Developments: The SEC clarified its stance on PoW mining oversight. The IMF released updated crypto asset classifications. U.S.-Japan collaboration proposed initiatives to advance tokenized economies and Web3 innovation.
• Key Industry Events: Wyoming’s WYST stablecoin plan drew wide attention. The Abracadabra exploit raised alarms over DeFi security. Hyperliquid’s manipulation attack intensified trust concerns.
• Web3 Tech & Ecosystem Expansion: Nillion Alpha launched its mainnet, marking a new phase in Web3 privacy computing. PumpSwap continued its rapid growth, reinforcing Solana’s ecosystem performance.
• Read the full report: Gate Research: Web3 Policy and Macro Report (March 21 - 27, 2025)
• Read the full report: Gate Research: Web3 Events and Cryptocurrency Technology Developments (March 21 - 27, 2025)

Hot Topics

• Public Chains & DeFi Ecosystem: Berachain’s TVL surpassed $3.4 billion. PancakeSwap led all DEXs in weekly trading volume. PumpSwap captured 19.2% of the Solana ecosystem’s market share.
• Industry Infrastructure & Collaboration: Gate Wallet integrated Berachain support, enhancing security and liquidity in the ecosystem.
• Key Web3 Progress: Nillion Alpha’s mainnet launch provided new foundational support for privacy-preserving computation in Web3.
• Read the full report: Gate Research: Weekly Hot Topics (March 24 - 28, 2025)

Hot Airdrops

• Orochi Network: Provides a verifiable data infrastructure. Users can earn $ON tokens and exclusive rewards by completing tasks.
• Wayfinder: A blockchain-based AI agent framework. Plans to allocate 40% of tokens for community distribution.
• InfiniFi: A decentralized financial system rewarding user engagement and sharing through a points program.
• tball**: Launched its native OFC token. Participants in the points program will be eligible for future airdrops.
• Read the full report: Gate Research: Hot Airdrops Overview (March 24-28, 2025)

Disclaimer
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate.io may restrict or prohibit all or part of its services in certain restricted regions. For more information, please read the User Agreement here: https://www.gate.io/user-agreement.
Investing in the cryptocurrency market involves high risk. Before making any investment decisions, it is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase. Gate.io is not responsible for any losses or damages from such investment decisions.

Gate.io Team
March 28, 2025

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