Gate Research: Gate Officially Adopts New Chinese Name "Damen", Ethereum Stablecoin Transfers Hit $1.18 Trillion; OM Flash Crashes
Gate Research: Gate Officially Adopts New Chinese Name "Damen", Ethereum Stablecoin Transfers Hit $1.18 Trillion; OM Flash Crashes
Gate Research Daily Report: April 14, Bitcoin declined to $84,514, while Ethereum fell to $1,619. Despite the broader market pullback, on-chain activity remains strong, with Ethereum setting a new record by processing $1.18 trillion in stablecoin transfers over the past 30 days—highlighting continued capital flow and user engagement. In contrast, the NFT market continues to shrink, as both trading volumes and active user numbers have declined sharply. The SEC has proposed a new crypto regulatory sandbox, signaling a potential shift toward more flexible and innovation-friendly policymaking. At the same time, Pump.fun has seen its daily trading volume collapse by 99%, and its token "graduation rate" has slowed significantly, reflecting a cooling of speculative fervor on the Solana network. Amid these developments, Gate has announced a major brand revamp, unveiling its new Chinese name "Damen" (meaning "The Gate"), which represents its commitment to embracing the next wave of growth in the Web3 era.
- Market Analysis: Bitcoin fell 1.39% to $84,514, while Ethereum declined 1.16% to $1,619.
- Top Performers: The top performing altcoins in the past 24 hours were RFC, AERGO, and ALCH, gaining 65.41%, 25.76%, and 21.71%, respectively.
- Data Highlights: Over the past 30 days, Ethereum processed $1.18 trillion in stablecoin transfers. Meanwhile, NFT trading volume dropped 4.7% last week.
- Spotlight Analysis: Gate just dropped a full rebrand for its 12th anniversary. Meanwhile, the "graduation rate" of Pump.fun tokens is slowing down.
- Market Opportunities: BugsCoin is an innovative platform focused on Web3 financial education. It has completed a $12 million Series A round, which will support its global expansion and the development of localized educational programs.
Explore today's details → Gate Research: Gate Officially Adopts New Chinese Name
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