Gate Research Institute: Solana DEX volume dropped 95% from January high, Veda TVL surpasses 20 billion USD

gate Research Institute Daily: On March 12, the price of Bitcoin rose by 3.52% to 82,338.6 USDT, and the price of Ethereum rose by 0.86% to 1,879.61 USDT. Yei Finance TVL surpassed 170 million US dollars. Veda TVL surpassed 2 billion US dollars. Solana DEX trading volume plummeted by 95% from the January peak. Bubblemaps released the BMT token economics. SEC delays approval of multiple spot cryptocurrency ETFs. The US core consumer price index for February is expected to show a slight decline in inflation tonight.

• Market Review: The price of Bitcoin rose by 3.52% to 81,805.2 USDT, and the price of Ethereum rose by 0.86% to 1,854.56 USDT.
• Popular Tokens: The popular altcoins in the last 24 hours are SAROS, AUCTION, GIGA, with increases of 42.08%, 38.61%, 45.45% respectively.
• Highlights : Veda TVL exceeds 2 billion US dollars; Solana DEX trading volume drops 95% from January peak.
• Hotspot Review: Bubblemaps unveils the tokenomics of BMT; SEC delays approval of multiple spot cryptocurrency ETFs.
• Market Opportunity: Mesh is committed to achieving seamless, low-cost, and instant conversion transactions. It has completed a $82 million Series B financing, which will be used to accelerate product development and expand its API interface to support hundreds of cryptocurrencies and payment platforms.

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Gate.io March 12, 2025