Announcements Gate Research: DeFi Lending Volume Falls 23%; First XRP Leveraged ETF Begins Trading

Gate Research: DeFi Lending Volume Falls 23%; First XRP Leveraged ETF Begins Trading

2025-04-09 11:47:11 UTC 19426 Read

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Gate Research Daily Report: The crypto market has continued to weaken amid ongoing volatility. BTC fell 5.51% to $75,017, while ETH dropped 10.67% to $1,417. Total borrowing volume on DeFi lending platforms plummeted by 23% in a week, with yields falling to just 2.66%—a near one-year low. Jupiter surpassed Pump.fun to become the highest-earning protocol on Solana, signaling accelerated structural shifts on-chain. Stablecoin daily active addresses exceeded 300,000, and on-chain trading volume rebounded to high levels, reflecting a growing risk-off sentiment among investors. Meanwhile, Trump's sweeping tariff policy takes effect, the U.S. Department of Justice dissolves its crypto enforcement team, and the XRP ETF officially launches. A cyclical correction driven by the interplay of regulation and macro factors is deepening.

- **Market Analysis**: BTC price dropped 5.51% to $76,065, while ETH fell 10.67% to $1,421.
- **Top Performers**: The top performing altcoins in the past 24 hours were DORA, MLK, and FORTH, which rose by 74.05%, 42.31%, and 28.06%, respectively.
- **Data Highlights**: Weekly borrowing volume in the DeFi lending market plummeted 23%, with lender annualized returns falling to a historic low of 2.66%.
- **Spotlight Analysis**: Trump's sweeping tariff policy has taken effect, triggering turmoil across global capital markets.
- **Market Opportunities**: FogoChain aims to deliver real-time, large-scale transaction processing by integrating the Firedancer client developed by Jump Crypto. Its points campaign is now live.

Explore today's details → <a href="https://www.gate.io/learn/articles/gate-research-de-fi-lending-volume-falls-23-first-xrp-leveraged-etf-begins-trading/8125?pid=Web&ch=KAfkAUEG&utm_campaign=TR_K8laBMjU&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: DeFi Lending Volume Falls 23%; First XRP Leveraged ETF Begins Trading</a>

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April 9, 2025
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