Gate Research: DeFi lending platform borrowings fell 23%, and the first XRP leveraged ETF was officially listed

Gate Research Institute Daily: On April 9, BTC price fell by 5.51% to 75,017 USDT, and ETH price dropped by 10.67% to 1,417 USDT. The total loan amount on DeFi lending platforms plummeted by 23% in a week, with yields dropping to just 2.66%, hitting a nearly one-year low; Jupiter surpassed Pump.fun to become the highest revenue protocol on Solana, with on-chain structure accelerating reconstruction; stablecoin daily active users exceeded 300,000, and on-chain transaction volume returned to high levels, indicating a strengthened tendency for capital to seek safety; meanwhile, Trump's comprehensive tariff policy has been implemented, the Department of Justice has abolished the crypto enforcement division, and XRP ETF is officially launched, with cyclical adjustments under regulatory and macro resonance continuing to evolve.

• Quotes: BTC price fell 5.51% to 75,017 USDT, ETH price dropped 10.67% to 1,417 USDT.
• Popular Tokens: The trending altcoins in the last 24 hours are DORA, MLK, and FORTH, with increases of 74.05%, 42.31%, and 28.06%, respectively.
• Highlight Data: The DeFi lending market's borrowing amount plummeted by 23% in a week, and lenders' annualized returns fell to a historic low of 2.66%.
• Hot Comments: Trump's comprehensive tax policy takes effect, causing a stir in global capital markets.
• Market Opportunity: FogoChain aims to achieve real-time and large-scale transaction processing capabilities by adopting the Firedancer client developed by Jump Crypto, and its points activities have been launched.

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Gate team April 9, 2025

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