Abstract

• Bitcoin slipped 0.69% to $82,803, while Ethereum gained 1.45%, reaching $1,930.
• Over the past week, Gate saw a net inflow of $3.17 billion, making it the top-ranking centralized exchange (CEX).
• Ethereum’s MVRV ratio dropped to 0.9, a level historically associated with buying opportunities. The Four.meme protocol generated over $170,000 in daily revenue.
• Sky invested $1 billion to accelerate the growth of tokenized treasury assets, including BUIDL, Superstate, and Centrifuge.
• Raydium is set to launch its new token launch platform, LaunchLab.
• EOS has rebranded as Vaulta, marking a strategic shift toward Web3 banking services.

Market Analysis

• BTC - The price of BTC has dropped by 0.69% in the past 24 hours, currently standing at $82,803. BTC is fluctuating within a range of $81,000 to $85,000. After rebounding from the support level, it has successfully moved above the short-term moving average. Trading volume remains relatively low, with no significant surge, indicating that the market is in a wait-and-see mode. [1]

• ETH - The price of ETH has risen by 1.45% in the past 24 hours, currently at $1,930. ETH is fluctuating within the $1,860 to $1,950 range. The price is approaching a resistance level but has failed to break through. Trading volume shows no signs of expansion, indicating relatively weak upward momentum. [2]

• ETF - According to SoSoValue data, on March 18, the total net inflow of U.S. spot Bitcoin ETFs was $209 million[3], while the total net outflow of U.S. spot Ethereum ETFs was $52.82 million. Data is as of March 19, 15:00 AM (UTC+8).[4]
• Altcoins - The Made in China, Perpetuals, and Launchpad sectors saw changes of +6.4%, +5.7%, and +4.3%, respectively. [5]
• U.S. Stock Market - On March 18, the S&P 500 declined 1.07%, the Dow Jones dropped 0.62%, and the Nasdaq fell 1.71%. [6]
• Spot Gold - The price of spot gold reached $3,029.92 per ounce, with a daily decline of 0.14%. Data is as of March 19, 11:00 AM (UTC+8).[7]
• Fear & Greed Index - The Fear & Greed Index is at 46, indicating a fearful market sentiment. [8]

Top Performers

According to Gate.io market data[9], based on trading volume and price performance over the past 24 hours, the top-performing altcoins are as follows:

PLUME (Plume) - 24-hour gain of approximately 10.48%, with a market capitalization of $385 million.

Plume is the first RWAFi Layer 1 network designed specifically crypto-native users, optimized for integrating real-world assets (RWAs) driven by demand. By leveraging DeFi infrastructure and vertically integrated technology, Plume enables the tokenization of real estate, commodities, and revenue streams, making them easier to trade, finance, and use as collateral—effectively bridging traditional finance (TradFi) and the crypto world.[10]

Recently, strategic partnerships with Solera Labs, Mey Network, and other institutions have strengthened Plume’s position in the RWAFi lending market, introducing institutional-grade lending solutions, dynamic risk management, cross-asset margining, and real-time parameter adjustments. Additionally, a dual-market structure has enhanced liquidity management, making traditional asset investment and lending more accessible. These innovations have boosted Plume’s ecosystem utility, increased market competitiveness, and driven a surge in investor confidence—fueling its latest price rally.

EOS (EOS) - 24-hour gain of approximately 29.69%, with a market capitalization of $982 million.

Originally developed by Block.one, EOS is a decentralized blockchain platform designed to support high-performance dAPPs. It operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, ensuring faster transactions and improved scalability. The native token, EOS, is used to pay for network resources like computing, storage, and bandwidth while also granting holders governance rights, including voting for block producers (supernodes).

On March 18, the EOS Network announced its rebrand to Vaulta and a strategic pivot toward Web3 banking services. This move aims to bridge the gap between Web3 technology and traditional finance, unlocking the potential of Bitcoin and decentralized infrastructure in the banking sector. To further this vision, Vaulta is forming a Banking Advisory Board comprising traditional banking and Web3 experts, fostering deeper integration between decentralized finance (DeFi) and traditional financial systems. This strategic shift has heightened market optimism around Vaulta’s future prospects, contributing to its recent price surge. [11]

SUNDOG (Sundog) - 24-hour gain of approximately 12.84%, with a market capitalization of $62.59 million.

SUNDOG, a meme coin on the TRON network, brands itself as the sunniest dog, featuring a mascot of a dog running toward the sun. As the largest and most viral meme token on TRON, SUNDOG has gained strong support from the TRON ecosystem and backing from prominent English-speaking crypto influencers.[12]

Recently, the project launched animated emoji stickers on Telegram, which has significantly boosted brand recognition and community engagement while reinforcing its meme culture and viral appeal. This strategic move has not only strengthened investor confidence but also signaled active market expansion efforts. Through precisely targeting its core audience, the sticker release is expected to attract new users, further driving growth in the SUNDOG ecosystem.

Data Highlights

Gate Leads CEXs with $3.17 Billion Net Inflow in 7 Days

Driven by technological upgrades, strategic project launches, and AI-powered analytics, Gate has established itself as the top CEX in net inflows, recording $3.17 billion over the past week and $208 million in the last 24 hours (as of March 19, 09:00 AM UTC+8).

The surge is largely attributed to the enhanced Gate Web3 Wallet, now a multi-chain AI trading hub with cross-chain asset management, an integrated DEX aggregator, and AI-driven trade optimization, reducing slippage by 40% and enabling lightning-fast 0.5-second transactions. On the project front, Gate.io has expanded its ecosystem with new Launchpool tokens ($MUBARAK), HODLer Airdrops ($SIREN), and exclusive BSC meme coin listings ($TUT, $BAMBI, $4MGAME), drawing in high-risk traders and short-term investors. Additionally, its AI memecoin Radar, which boasts a 75% accuracy rate, continuously tracks social media and on-chain trends, helping traders identify early-stage opportunities in high-volatility markets. Through cutting-edge innovation and a dynamic market strategy, Gate has enhanced trading efficiency, improved user experience, and solidified its position as a leading CEX, fueling strong capital inflows and growing confidence in its ecosystem. [13]

Ethereum MVRV Drops to 0.9, Historical Buy Signal Reappears

Ethereum’s Market Value to Realized Value (MVRV) ratio has dropped to approximately 0.9, a historically rare level that typically occurs during bear markets. An MVRV ratio below 1 indicates that Ethereum’s market value is lower than its realized value, meaning that on average, holders would incur a 10% loss if they sold now. This aligns with bear market characteristics, where declining prices cause market value to fall below realized value. Historically, low MVRV ratios have been strong buying opportunities—for instance, between 2019 and 2020, the MVRV ratio fell to 0.8, followed by a significant ETH price rebound. Similar patterns have been observed in past bear cycles, suggesting that a low MVRV ratio may signal a price bottom.

The recent decline in Ethereum’s MVRV ratio is closely linked to ETH’s price drop, which may have been influenced by global trade tensions and economic uncertainty. Since March, Ethereum ETFs have seen a net outflow exceeding $358 million, exerting persistent downward pressure on price. Additionally, the derivatives market has intensified the sell-off—on March 10, ETH liquidations reached $155 million, with 80% being long liquidations, forcing traders to close leveraged positions. At the same time, several Ethereum network developments are shaping investor sentiment. The Hoodi testnet has launched, and the Pectra upgrade is expected to go live on the mainnet in April, which could influence market expectations. However, the recent Bybit security breach, which led to the theft of $1.5 billion worth of ETH, has added further uncertainty, putting additional pressure on Ethereum’s price. [14]

Four.meme Protocol Hits Record-High Daily Revenue of $176,000

Four.meme set a new all-time high in daily revenue yesterday, raking in $176,000 and pushing its total earnings to $2.29 million. Since March, the platform’s revenue has skyrocketed from around $10,000 per day to $176,000 per day.[15]

As a memecoin launchpad on Binance Smart Chain (BSC), Four.meme offers a streamlined and cost-effective way to create and launch Meme tokens. Recently, several tokens introduced on the platform—such as MUBARAK—have gained strong market traction, fueling a surge in trading volume and directly driving up the platform’s revenue.

Spotlight Analysis

Sky Invests $1 Billion to Boost Tokenized Treasury Products Like BUIDL, Superstate, and Centrifuge

Sky has announced a $1 billion investment in the tokenized treasury market through its lending platform, Spark, aiming to accelerate the adoption of real-world assets (RWAs) in DeFi. The investment will be allocated as follows: $500 million into BUIDL, issued by BlackRock-Securitize; $300 million into Superstate’s USTB; and $200 million into JTRSY, a collaboration between Centrifuge, Anemoy, and Janus Henderson. This move is expected to significantly boost the growth of the tokenized U.S. Treasury market, which currently has an estimated size of $4.6 billion.

Sky is the rebranded name of MakerDAO in 2024, a well-known DeFi platform recognized for issuing the DAI stablecoin and operating the Spark Protocol lending platform. As part of the rebrand, DAI has been upgraded to USDS, and MKR has been replaced by SKY as the governance token. Spark is now fully integrated into the Sky ecosystem, focusing on lending services.

Sky’s large-scale investment highlights the transition of tokenized assets from concept to real-world application, positioning them as a potential bridge between traditional finance (TradFi) and decentralized finance (DeFi). With more institutional investors entering the space, the integration of RWAs into blockchain ecosystems could enhance DeFi’s resilience and mainstream adoption in the future. [16]

Raydium Unveils Token Launch Platform “LaunchLab”

Solana-based DEX and AMM Raydium has announced the launch of LaunchLab, a new token launchpad designed to rival pump.fun. The platform offers flexible bonding curves—including linear, exponential, and logarithmic models—to better match market demand and pricing dynamics. It also allows third-party interfaces to set their own fees, enhancing customization options. Unlike traditional launchpads, LaunchLab will support multiple quote tokens beyond SOL and integrate Raydium’s liquidity provider (LP) locking feature, ensuring long-term fee revenue for token issuers. [17]

Raydium’s move to launch LaunchLab is seen as a direct response to pump.fun’s plans to develop its own AMM, underscoring the growing competition in Solana’s DeFi ecosystem, particularly in meme coin launches. Initially, Raydium hesitated to release the project to avoid competing with its ecosystem partners. However, after pump.fun’s expansion plans surfaced, Raydium quickly revived LaunchLab’s development. Since pump.fun has been a significant revenue driver for Raydium, LaunchLab is likely a preemptive strategy to offset potential revenue declines and secure a foothold in the booming meme token sector. However, with pump.fun already enjoying strong user adoption and market share, LaunchLab’s success will hinge on its ability to deliver a superior user experience, competitive fee structures, and attract high-quality token projects.

EOS Rebrands as Vaulta, Shifts Focus to Web3 Banking

The EOS Network has officially rebranded to Vaulta, marking a strategic pivot toward Web3 banking. As part of this transformation, a token swap is scheduled for May 2025, ensuring a seamless transition for existing holders. Additionally, Vaulta has established a Banking Advisory Board, bringing together financial and blockchain experts to help bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). While retaining EOS’s core technology, including smart contracts, distributed databases, and cross-chain interoperability, Vaulta will introduce Bitcoin-powered digital banking solutions through exSat, expanding into blockchain-based insurance and tokenized real-world assets (RWAs). [18]

By repositioning itself as a Web3 bank, Vaulta aims to capitalize on the growing demand for DeFi services, attract new users, and maintain value continuity through a 1:1 token swap. The market has responded positively, with EOS seeing a slight price increase. However, this shift may require existing partners to adapt their strategies, potentially opening doors for new collaborations in the Web3 banking space. To strengthen its new direction, Vaulta is partnering with Ceffu, Spirit Blockchain, and Blockchain Insurance to offer fractional ownership of RWAs, staking options, and blockchain-based insurance services. These initiatives could create fresh business opportunities for Vaulta’s ecosystem partners, while competitors like Polkadot may need to enhance their offerings to stay competitive. This move signals a broader push toward blockchain-powered banking, potentially accelerating DeFi’s integration with traditional financial services. However, as more projects enter the space, competition could fragment the market, dispersing liquidity and resources.

Funding News

According to RootData, five crypto projects publicly announced funding rounds in the past 24 hours, with a total of over $40.45 million raised. The largest single funding round reached $23.6 million, covering sectors like DeFi, gaming, and blockchain infrastructure. Here are the top three projects by funding amount: [19]

Crossmint - Crossmint has secured $23.6 million in funding, with participation from Ribbit Capital, Faction, and others. The platform provides developers with tools and APIs that enable seamless integration of crypto functionalities such as stablecoin transactions and Bitcoin wallets without requiring deep blockchain expertise. This funding will be used to enhance its developer platform, expand adoption among tech companies, and support product development, team growth, and marketing efforts, making it easier for traditional businesses to integrate crypto services.[20]

Yeet - Crypto casino and sports betting platform Yeet has raised $7.75 million, with backing from Dragonfly, Bryan Pellegrino, and others. Yeet will offer traditional casino games while also introducing crypto-native experiences, such as simulated NFT minting and meme coin trading games. Users will be able to gamble using Ethereum, Bitcoin, and other cryptocurrencies. The funds will be used for platform development, game creation, marketing, and obtaining necessary licenses, paving the way for the platform’s launch.[21]

O.LAB - O.LAB has secured $5 million in pre-seed funding, with backing from YZi Labs, Amber Group, and others. The company is developing a dynamic opinion and continuous prediction market, with its first product, AlphaOrBeta, designed to evaluate human opinions and enhance value exchange within social networks. This funding will support technology development and product deployment, enabling O.LAB to integrate decentralized governance (DAO), prediction markets, blockchain-based identity verification, and social scoring mechanisms. The goal is to create a more transparent and decentralized interaction model for social networks.[22]

Airdrop Opportunity

Superfluid

Superfluid is a peer-to-peer payment protocol that enables per-second streaming payments and instant proportional distribution. As a non-custodial, permissionless, open-source protocol, Superfluid eliminates fund locking, allows real-time balance adjustments, and improves gas fee efficiency through an automated settlement mechanism. It is fully compatible with other DeFi protocols, offering powerful and flexible financial tools for DAOs and crypto-native enterprises worldwide.[23]

The initial supply of Superfluid’s native token, SUP, is 1 billion, with 60% allocated to the community, 25% reserved for the protocol’s development team, and 15% designated for early supporters. Superfluid is currently conducting the Streaming Programmatic Rewards (SPR) airdrop campaign, where users have the opportunity to earn SUP token rewards by interacting with partner projects within the Superfluid ecosystem.

How to Participate

1. Visit the official Superfluid website and connect your wallet.
2. Mint the Superfluid Ecosystem Rewards Pass NFT.
3. Complete additional tasks to qualify for the airdrop.

Notes:
The airdrop campaign and participation methods may be updated at any time. Users are advised to follow Superfluid’s official channels for the latest information. Users should exercise caution, assess risks, and conduct thorough research before participating. Gate.io does not guarantee future airdrop rewards distribution.


References:

1. Gate.io,https://www.gate.io/trade/BTC_USDT
2. Gate.io,https://www.gate.io/trade/ETH_USDT
3. SoSoValue,https://sosovalue.xyz/assets/etf/us-btc-spot
4. SoSoValue,https://sosovalue.xyz/assets/etf/us-eth-spot
5. CoinGecko,https://www.coingecko.com/en/categories
6. Investing,https://investing.com/indices/usa-indices
7. Investing,https://investing.com/currencies/xau-usd
8. Gate.io,https://www.gate.io/bigdata
9. Gate.io,https://www.gate.io/price
10. X,https://x.com/plumenetwork/status/1902018479823429933
11. X,https://x.com/loomnetworkhttps://x.com/EOSNetworkFDN/status/1902083647454507329X
12. X,https://x.com/sundog_trx
13. Coinglass,https://www.coinglass.com/Transparency
14. Glassnode,https://studio.glassnode.com/charts/market.Mvrv?a=ETH&zoom=all
15. Defillama,https://defillama.com/protocol/four.meme?tvl=false&volume=false&fees=false&revenue=true&groupBy=daily
16. Coindesk,https://www.coindesk.com/business/2025/03/18/blackrock-s-buidl-superstate-and-centrifuge-win-spark-s-usd1b-tokenized-asset-windfall-report
17. Blockworks,https://blockworks.co/news/raydium-launching-pumpfun-version
18. Coindesk,https://www.coindesk.com/business/2025/03/17/eos-rebrands-to-vaulta-as-it-shifts-focus-to-web3-banking
19. Rootdata,https://www.rootdata.com/Fundraising
20. Fortune,https://fortune.com/crypto/2025/03/18/crossmint-24-million-ribbit-capital-franklin-templeton-developer-platform-fundraise/
21. Decrypt,https://decrypt.co/310338/yeet-raises-7-million-crypto-casino
22. X,https://x.com/opinionlabsxyz/status/1901808887449157825
23. Superfluid,https://claim.superfluid.org/claim

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