The crypto market capitalization in March showed a clear pattern of oscillating upward before pulling back, with capital inflows into BTC and ETH exhibiting notable volatility. In terms of transaction count, Solana maintained a dominant lead, consistently exceeding 100 million transactions. At the protocol level, Aave and Lido remained the top two in TVL rankings. On-chain transfer volume of tokenized stocks reached a new high in March, approaching $3 billion, up more than 80% compared to February. The Web3 industry completed 67 funding rounds during the month, totaling approximately $5.847 billion. Losses from Web3 security incidents reached about $31.94 million, up roughly 165% month-over-month, with smart contract vulnerabilities remaining the primary cause.
Key Takeaways:
- Crypto Market Performance: The crypto market remained weak in February, with BTC and ETH trading volumes showing a “high-to-low” pattern over the month. Significant outflows from BTC ETFs added downward pressure on prices. Major assets exhibited high volatility and strong correlation, driven largely by short-term sentiment without a sustained trend.
- Major Blockchain Data: Major blockchains stayed stable overall. Solana led with over 100 million daily transactions. On gas fees, Ethereum saw a notable spike on February 5, possibly linked to meme-driven activity or on-chain events. Tron maintained relatively high gas fees, consistent with its strong throughput.
- Hot Sector Developments: Ethereum’s unique active addresses reached 13.34 million, near historical highs. TradFi trading volume on Perp DEXs surged to $47.3 billion—up about 125% from December within two months—primarily driven by Hyperliquid HIP-3.
- Funding and Security Incidents: In March, the Web3 sector completed 67 funding rounds totaling approximately $5.847 billion, with CeFi and blockchain services accounting for the majority of funding volume. Top-tier fundraising showed a clear trend toward financialization and trading infrastructure. Web3 security-related losses reached approximately $31.94 million, up about 165% month-over-month. A single incident involving Resolv Labs accounted for $25 million, with smart contract vulnerabilities remaining the primary source of losses.
Discover more details today → Gate Research: March 2026 Crypto Market Review
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
April 17, 2026
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