On-Chain Data

Stablecoins have seen a significant increase in blockchain settlement volume, with the Solana network performing outstandingly, reaching $650 billion in transfers by 2026. Their applications have expanded to cross-chain settlements, DeFi collateral, and other areas, with market attention on stablecoins becoming increasingly focused on their role as an important payment layer. User engagement has increased, and stablecoins are transforming into the foundational infrastructure for blockchain payments.

The cryptocurrency market is volatile, with XRP prices remaining weak, declining nearly 28% since early 2026. Approximately 60% of circulating XRP is in loss, trading activity has decreased, and market liquidity has thinned. Despite retail investors being under pressure, some major whales are increasing their XRP holdings, indicating structural divergence in the market. In the short term, XRP's trend may continue to exhibit high volatility.

Gate News Report, March 9th, data shows that in the past 7 days, the Arbitrum cross-chain bridge had a net inflow of $615.75 million, ranking first among all public chains. Following are Plasma and Avalanche, with net inflows of $442.33 million and $290.88 million respectively. During the same period, Ethereum, Mantle, and Hyperliquid experienced net outflows of $4.364 billion, $183.56 million, and $152.24 million.

The blockchain real-world asset market is heating up, with tokenized gold Tether Gold (XAUT) experiencing a significant increase in trading volume on the Solana network, with weekly trading exceeding $280 million. As institutional investors participate more, the market demand for tokenized assets is rapidly expanding, indicating that the RWA market may continue to grow in the future.

From 2026-03-09 05:30 to 2026-03-09 05:45 (UTC), BTC experienced a significant upward movement, with a 15-minute return of +0.82%. The price range was 67,350.4 to 67,970.0 USDT, with an amplitude of 0.92%. This fluctuation occurred during a period of global risk asset pressure and increased volatility in the crypto market, attracting market attention. The main driving forces behind this movement are the continuous accumulation by whale funds at the bottom and the rebound of ETF fund inflows. On-chain data shows that from February to March, large holders with over 1000 BTC...

On March 9th, DeFi lending protocol Aave reached 155,000 monthly active users in February, setting a new record with approximately 100% growth. Due to a reduction in low-risk yield strategies, investors are shifting towards DeFi lending. Aave's total value locked across 20 blockchains is nearly $27 billion. The governance group Aave Chan Initiative announced it is ceasing operations due to transparency disputes.

XRP's burn rate has surged by 27% despite its price dropping below $1.40, indicating increased network activity and potential demand. This could signal a possible price recovery amidst broader market challenges.

NYDIG points out that the recent synchronized movement between Bitcoin and U.S. tech stocks is primarily due to macroeconomic factors rather than structural correlation. Although their prices are similar, Cipolaro emphasizes that the rise in Bitcoin and tech stocks more reflects a common change in liquidity and risk appetite rather than fundamental convergence. Bitcoin's volatility remains mainly driven by its own market factors, and its diversification value in investment portfolios still exists.

From 00:00 to 00:15 (UTC) on March 9, 2026, the AVAX price experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with an amplitude of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention was heightened. The main driver of this anomaly was the ongoing fermentation of the news announced by Avalanche on March 8, about a liquidity staking partnership with a well-known DeFi protocol. The market

2026-03-09 02:30 to 2026-03-09 02:45 (UTC), Bitcoin (BTC) achieved a +0.68% return within 15 minutes, with the price range between 66,095.6 and 66,585.0 USDT, and an amplitude of 0.74%. Amid geopolitical conflicts, market attention during this period significantly increased, volatility intensified compared to normal levels, and trading activity rapidly surged. The main driver of this anomaly was the concentrated inflow of whale funds into a certain trading platform. On-chain data shows that recent whale transfers of BTC to exchanges have sharply increased.

The escalation of the US-Iran conflict has led to nearly a 20% increase in oil prices, affecting the US stock market and Bitcoin, with the latter falling below $66,000. The movements of giant whales selling and retail investors increasing their positions indicate that the market correction is not yet over. The inauguration of Iran's new leader could intensify geopolitical risks, and the market fears that Bitcoin may test the $60,000 support level again.

Gate News Report, March 9th, according to DeFiLlama data, the total market capitalization of cryptocurrencies' stablecoins reached $313.036 billion last week, an increase of $3.157 billion from the previous week, a growth of 1.02%. Among them, USDT's market share accounted for 58.76%.

Pi Network successfully completed a proof of concept for AI image recognition, with over 421,000 nodes participating in computation. Testing showed low-latency responses and scalable computing power. This achievement provides early validation for decentralized AI training but still requires further research and commercial deployment.

Six Ethereum spot ETFs in the U.S. have accumulated about 4.7% of the circulating ETH supply, reflecting growing institutional demand. With assets under management at approximately $11.3 billion, their increasing holdings signal a positive long-term outlook for Ethereum.

Gate News Report, March 9th, Token Terminal data shows that Ethereum transaction costs have plummeted 99% from the all-time high in November 2021, currently averaging only $0.016.

President Trump of the United States has, for the first time in the "National Cybersecurity Strategy," included cryptocurrencies and blockchain technology within the scope of protection, emphasizing the need to establish secure supply chains to protect user privacy. Additionally, the government has committed to promoting post-quantum cryptography to address potential quantum computing threats. However, despite the friendly policies, the number of addresses holding over $1 million in Bitcoin has still significantly decreased, indicating that market response has not met expectations.

Due to the escalation of the Middle East conflict, WTI crude oil prices surged 19% this week, breaking through $100 per barrel, with market concerns intensifying. Bitcoin fell to 66K, ETF funds outflowed $570 million, and gold and US stocks were also affected, with the US dollar strengthening.

On March 8, 2026, from 22:00 to 22:15 (UTC), BTC rapidly declined within the range of 65,682.6 to 67,017.0 USDT, recording a -1.40% return with an amplitude of 1.99%. Short-term trading volume significantly increased, indicating intensified capital speculation, continued market attention, and rising fear sentiment, which further elevated volatility. The main driving forces behind this anomaly are the increased outflows of funds from on-chain and ETF markets, as well as technical sell-offs following the breach of key support levels. During the reporting period, the trading volume of large whale transactions in BTC plummeted by 72% over two weeks, and long-term on-chain holders

From 19:00 to 19:15 (UTC) on March 8, 2026, the price of ETH increased by 0.87% within 15 minutes. The candlestick price range was 1928.05 to 1950.21 USDT, with a volatility of 1.15%. During this fluctuation, market volatility intensified, mainstream investors' attention increased, and short-term trading activity on-chain and in the spot market became active. The main driving forces behind this fluctuation stem from macro liquidity easing and continuous allocation of institutional funds. The Federal Reserve cut interest rates by 100 basis points in Q1 2026, combined with sustained net inflows of institutional and ETF funds, with institutional holdings of ETH exceeding 1

Gate News Report, March 8 — According to Coinglass data, centralized exchanges have experienced a total net outflow of 44,371.46 BTC over the past 7 days. Among them, the top three exchanges by outflow are: a CEX with 27,955.02 BTC outflow, a CEX with 7,087.13 BTC outflow, and a CEX with 5,097.56 BTC outflow.