Gate Research: Solana Dominates with 57% of Total Blockchain Revenue in February; Argentina Implements New VASP Regulations

Gate Research Daily Report: March 17, Bitcoin price fell by 0.54% to $83,713.5, and Ethereum price dropped by 0.69% to $1,908.56. Solana's February revenue accounted for 57% of the overall blockchain market. The market capitalization of stablecoins is growing, with USDT remaining dominant, while USDC is expanding within the Solana ecosystem. North Korean hacker group Lazarus Group's Bitcoin holdings have become the third-largest globally. U.S. voters strongly oppose the cryptocurrency strategic reserve plan, with fiscal priorities still focused on public welfare. Argentina has officially implemented new Virtual Asset Service Providers (VASPs) regulatory rules to strengthen compliance and market stability.

• Market Analysis: Bitcoin price dropped 0.54% to $83,713.5, while Ethereum price fell 0.69% to $1,908.56.
• Top Performers: The most popular altcoins in the last 24 hours are BNX, QANX, and ARC, which rose by 33.07%, 23.12%, and 9.50%, respectively.
• Data Highlights: In February, Solana accounted for 57% of total blockchain revenue. The stablecoin market cap is growing, with USDT remaining dominant, while USDC continues expanding within the Solana ecosystem.
• Spotlight Analysis: U.S. voters generally oppose the proposed national cryptocurrency strategic reserve, with fiscal priorities still focused on public welfare.
• Market Opportunities: Giza's core framework, ARMA, provides intelligent fund management solutions to enhance DeFi operational efficiency. The platform is currently running an airdrop points program to encourage user participation in ecosystem development.

Explore today's details → Gate Research: Gate Research: Solana Dominates with 57% of Total Blockchain Revenue in February; Argentina Implements New VASP Regulations

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Gate Team
March 17, 2025