Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
I reviewed CoinGecko’s report for the first quarter, and the picture is decidedly bleak. Total crypto market capitalization fell by 20.4%, leading to $2.4 trillion by the end of March. If we compare it with the October peak of 2025, we’re currently roughly 45% lower. This really looks like a crypto winter, not just a correction.
What’s interesting is that stablecoins are holding their ground—USDT’s market capitalization stayed at $309.9 billion, even though the circulating supply fell for the first time since 2022. Bitcoin dropped by 22% alongside stocks, while commodity assets rose by 76.9%—clearly pulling investors’ attention.
According to CoinGecko, spot trading volume on centralized platforms plunged by 39% to $2.7 trillion. In March, they even recorded a monthly low—just $0.8 trillion. On decentralized exchanges, Solana continues to dominate with a 30.6% share, and traders on Hyperliquid are actively trading thanks to demand for 24/7 trading.
The CoinGecko report clearly shows that the market has entered a prolonged consolidation period. It seems we’ll have to wait a long time for a recovery.