Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/17101295371_6-06.png)
## Crypto Daily Digest: On-chain DeFi TVL reaches a new high in two years; Uniswap v4 is about to be launched; Jupiter LFG Launchpad ends; BVM has integrated Filecoin as the storage layer
In terms of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETF trading activities, according to Farside Investor data, on March 8 (last Friday), Grayscale GBTC outflow was approximately $302.9 million, BlackRock Bitcoin Spot ETF (IBIT) had a net inflow of $336 million per day, Bitwise Bitcoin Spot ETF (BITB) had an inflow of $8 million, ARK 21Shares Bitcoin Spot ETF (ARKB) had an inflow of $1.7 million yesterday, and Fidelity Bitcoin Spot ETF (FBTC) Yesterday, there was an inflow of $130.3 million.

According to data compiled by BitMEX Research, as of March 8th, BlackRock's IBIT holds 197,943 Bitcoins worth over $13.5 billion, exceeding MicroStrategy's crypto holdings.

After Bitcoin hit a high of $70,000, many Altcoins also performed well; And the overall rise in the market has improved the sentiment of the entire crypto industry. DefiLlama's data shows that the global total locked value (TVL) of decentralized finance (DeFi) protocols has jumped to over $100 billion for the first time in about two years. However, even after a significant increase, TVL is still far below the record of $189 billion set in November 2021.

<a href="/price/uniswap-uni" target="_blank" class="blog_inner_link">Uniswap</a> has official news; Uniswap v4 is about to be released. The first stage previously conducted was code freezing, including core code completion, testing, etc. The second stage is for auditing and deploying the testnet, where comprehensive auditing and community auditing competitions from multiple auditing companies, as well as v4, will be deployed to the testnet. The third stage is to initiate push, and v4 will be pushed to the <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> mainnet in the third quarter.

DEX Jupiter on <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> posted that the first LFG Launchpad vote has ended. There were 175,000 voters in this vote, and the first two projects selected by Jupiter DAO were Zeus Network and SharkyFi. And it is reiterated that "no matter who you vote for, everyone will receive the same reward based on their voting rights." Previously, Jupiter also received widespread attention due to its expected airdrop of 4 billion tokens in four phases.

<a href="/price/filecoin-fil" target="_blank" class="blog_inner_link">Filecoin</a> officially announced that BVM (Bitcoin Virtual Machine) has integrated Filecoin as its storage layer. This integration marks a significant improvement in the Bitcoin Layer2 solution supported by BVM and Filecoin, providing higher security and scalability.

BVM can now use Filecoin's decentralized storage to archive transaction records, simplifying the indexing work of Bitcoin developers through the Lighthouse node aggregator.

## Market trends: Adjustment near BTC's previous high
Last week, BTC prices briefly broke through the previous high but then experienced short-term adjustments, with prices currently fluctuating around the previous high. However, the expected Altcoin season has not yet arrived, and the majority of Altcoins have already experienced excessive growth in the early stages and are currently in the adjustment stage. In addition, the US stock market has experienced a decline, Nvidia's stock price has plummeted, and the AI concept token market is still adjusting.
### Market hotspots
Gamefi concept coins saw a significant increase: tokens such as <a href="/price/gala-gala" target="_blank" class="blog_inner_link">GALA</a>, YGG, and PIXELS significantly increased last week. GALA and YGG are market-driven by DWF Labs, using aggressive pull up techniques. The daily active users of PIXELS have reached 500000, and the token price exceeded $1 today, setting a new historical high.

The utility token sector saw significant growth: <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>, <a href="/price/okb-okb" target="_blank" class="blog_inner_link">OKB</a>, and other utility tokens significantly increased, leading ID, EDU, BNX, and others to follow suit. Funds are beginning to rotate towards the currencies with higher market values but slower growth rates mentioned above. It is worth noting that the ID will undergo a large unlocking on March 27. Currently, the market speculates that there was a pulling phenomenon before the unlocking, but it is expected that the upward trend will not continue.

The AI and Meme sectors led the decline: AI and Meme coins are currently leading the market in decline. Last week, multiple Meme coins broke new highs, with a total market value of over $63 billion. DOGE still ranks first with a market value of over $25 billion, followed by PEPE, FLOKI, WIF, and others. As a newly issued Meme coin in 2023, WIF hit new highs several times last week, ranking fifth in Meme coin market value with a market value of $21 billion.

Increased airdrop activity: Saga announced that 60 million SAGAs will be distributed to eligible addresses. At the same time, Wormhole has opened airdrop queries and announced airdrop details, of which 6.17% of tokens will be used for community airdrops.

Overall, there has been a rotation phenomenon between different sectors in the crypto market. The Gamefi concept coin and utility token sectors have performed outstandingly, while the AI and Meme sectors have shown significant adjustments. Investors need to monitor market trends closely, cautiously seize investment opportunities, and pay attention to controlling risks. At the same time, investors should remain vigilant and avoid blindly following the trend in the upcoming large-scale unlocking events.

## Macro: US employment report issued, global market downturn; Gold prices hit a new high, while oil prices slightly declined
According to Reuters, in the international market, the S&P 500 and NASDAQ indexes hit historic highs during trading. They closed lower on Friday while rising chip stocks also reversed as artificial intelligence giant NVDA. O saw profit-taking on Friday, down 5.6%.

In terms of labor market reports, the results are mixed, indicating that there are more new job opportunities than expected, but the unemployment rate has increased. The February Consumer Price Index (CPI) report released on Tuesday is expected to rise by 0.4% and stabilize at an annual rate of 3.1%. Core inflation is expected to rise by 0.3%, driving the annual growth rate to the lowest level since early 2021 of 3.7%. We will supplement the weak situation in the February non-farm payroll report, with the unemployment rate reaching a two-year high of 3.9% and keeping the Federal Reserve on a rate-cutting track in the coming months.

Asian stock markets fell sharply on Monday, while the US dollar fell before US inflation data could accelerate or delay global interest rate cuts. The Japanese yen has risen slightly, and more and more Bank of Japan policymakers are inclined to end negative interest rates this month due to expectations of a significant salary increase in this year's annual wage negotiations. The Nikkei Index of Japan (. N225) fell 2.3% after hitting historic highs last week; Chinese blue chip stocks (. CSI300) rose 0.2%.

According to data released on Monday, Japan has not entered a recession after the annualized economic growth rate in the December quarter was raised to 0.4%.

In terms of gold prices, the decline in the US dollar and bond yields supported the interest-free gold price, with gold rising to $2180 per ounce, soaring 4.5% last week to a historic high.

Regarding commodities, concerns about Chinese demand offset the reduction in production by OPEC+, an oil-producing organization, and oil prices were affected. Brent crude oil fell 54 cents to $81.54 per barrel, while US crude oil fell 57 cents to $77.44 per barrel.



<div class="blog-details-info">
<div>Author:**Sherry S.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

日本語

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

On-chain DeFi TVL reached a new high in two years since 2022_ Uniswap official announcement v4 release news_ Jupiter LFG Launchpad ends, announcing two launch projects and voting rewards.

福利中心

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

launchpool

launchpad

赚币-HODLer Airdrop

candy_drop

web3 Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易-盘前交易

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

储备金

合作伙伴

cextg小程序

小红花

web3

Daily News | DeFiTVL Reached a New High in 2 Years, Uniswap V4 is About to Be Launched, Jupiter Announces the First Two Projects to Be Launched