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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
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This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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In the first quarter of 2025, the total value of decentralized finance (DeFi) fell to 48.9 billion dollars, experiencing a decline in the cryptocurrency market due to global trade tensions and macroeconomic uncertainties.
At the beginning of 2025, the great interest in cryptocurrencies gave way to a volatile market environment in the first quarter. Global trade wars and economic uncertainties negatively impacted the DeFi sector, leading to a total value loss of 27.5%. According to the CoinGecko report, this decline was largely due to the drop in altcoin prices.
Ethereum (ETH) experienced a significant value loss, dropping from $3,336 to $1,800 at the beginning of the year. This situation led to a decrease in Ethereum's share of the DeFi market from 63.5% to 56.6%, resulting in a loss of approximately $40 billion. However, despite Ethereum's decline, networks like Solana and Base gained market share.
Interest in meme coins also weakened in the first quarter of 2025. The speculation surrounding the Libra meme coin particularly caused investors to lose 251 million dollars. Despite these developments, the trading volume on Solana's decentralized exchanges continued to see more trades compared to its competitors in the sector.
Although the cryptocurrency market experienced a significant decline in the first quarter of 2025, Bitcoin's market dominance increased to 59.1%, indicating that investors still maintain their confidence in Bitcoin.
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