Gate Research: XRP Surpasses SOL as Third-Largest Crypto; Ethereum Spot ETF Sees 5 Days of Inflows

Gate Research Daily Report (December 2): On December 2nd, the price of BTC rose by 0.69% in the past 24 hours, continuing its consolidation upward trend with moving averages in a bullish alignment. The Bitcoin ETF saw a net inflow of $320 million on November 29th, while the Ethereum ETF had a net inflow of $333 million. XRP's market capitalization has surged, overtaking USDT and SOL to become the third-largest cryptocurrency by market cap. The total value locked (TVL) in the Base network has reached $3.719 billion, indicating active trading and stable revenue generation on the platform. Over the past 24 hours, total contract liquidations amounted to $293 million, with XRP, BTC, and ETH leading in liquidation amounts. XRP had liquidations of $45.64 million, BTC followed with $41.43 million, and ETH saw $30.14 million in liquidations. Additionally, New York regulators are preparing to approve Ripple's RLUSD stablecoin, which could launch as early as December 4th, marking a significant step for Ripple in the stablecoin market.

Market Analysis: BTC price increased by 0.69% in the past 24 hours, currently priced at $97,159.3, with a 24-hour high of $97,829.3.
Top Performers: AIFUN and HMT are standout tokens in the AI sector, leading the altcoin market.
Data Highlights: The Total Value Locked (TVL) on the Base network has reached $3.719 billion.
Spotlight Analysis: New York regulators are preparing to approve the launch of the XRP-backed stablecoin RLUSD.
Market Opportunities: The Nordom airdrop is in its accumulation phase, with token distribution expected to begin after the exchange launch in the first half of 2025.

Explore Today's Highlights 👉🏻 Gate Research: XRP Surpasses SOL as Third-Largest Crypto; Ethereum Spot ETF Sees 5 Days of Inflows

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Gate Team
Dec 2nd, 2024