On-chain Weekly Digest: World Liberty Financial‘s Confirmation of Dollar Stablecoin USD1
Punks' leading NFT volume, Kaito's new Yapper plan...
On-Chain Overview
The crypto market is consolidating, with BTC trading between $81K and $88K.
Sentiment remains cautious, trading volume is low, BTC dominance is rising, and altcoins continue to bleed. Macro risk is rising with gold at all-time highs, equities breaking down, and the VIX spiking, signaling increasing fear.
（Data accurate as of: April 2, 2025, 14:00）
Altcoin, Meme Coin, NFT & RWA
Altcoins, NFTs, and RWAs saw notable declines this week, while meme coin trading volume defied the trend with a 6.13% increase despite a 15.86% drop in market cap.
（Data accurate as of: April 2, 2025, 14:00）
Macro, Stocks & Commodities
Gold outperformed traditional markets this week with a 3.59% gain, while equities slipped and market volatility surged as the VIX jumped nearly 27%.
（Data accurate as of: April 2, 2025, 14:00）
Key Events of the Week
InfoFi | Kaito announced new Yapper Payouts (27 Mar)
Top 50 Yappers and top 50 Emerging Yappers will split $5,000 of $sKAITO every week.
DEX | Timeline: Jelly token goes sour after $6M exploit on Hyperliquid (26 Mar)
The meltdown of the JELLY token on Hyperliquid is the latest DEX exploit in a year already riddled with hacks.
Prediction Market | Polymarket says governance attack by $UMA whale (27 Mar)
$UMA whale manipulated its oracle to influence a market resolution.
L1 | @berachain’s Proof of Liquidity (PoL) went live (29 Mar)
Stablecoin supply jumped to $1.2B, with USDC at $1B and $HONEY rising to $740M.
Stablecoin | World Liberty Financial Confirms Dollar Stablecoin Plans With BitGo (25 Mar)
The USD1 token will be fully backed by U.S. government securities and cash.
NFT | Punks lead NFT volume, 10 sold in 30 mins (25 Mar)
Punks are heating up with floor now up to 40.9 ETH.
Looking Ahead
ETH | The Ethereum Community Fund (ECF) plans to begin making investments (9 Apr)
The Ethereum Community Fund (ECF) is a dual mandate fund split into two separate funds — an Investment Fund and an Endowment Fund.
Defi | MakerDAO Smart Burn Engine Parameter Update (3 Apr)
The Smart Burn Engine (SBE) parameter update will increase the daily burn rate from 500,000 USDS to 700,000 USDS.
InfoFi | $KAITO claim for suspended accounts is projected to be live（3 Apr）
Users with suspended accounts will likely be able to claim their $KAITO tokens starting next week.
Wrapping Up
From a market data perspective: The crypto market consolidates with BTC range-bound and altcoins bleeding, while rising macro risks and gold’s outperformance highlight growing investor fear.
From a market events perspective: This week saw major events including a $6M DEX exploit, a manipulation on Polymarket, Berachain’s PoL launch, and NFT activity slightly heating up, with key updates ahead from Ethereum, MakerDAO, and Kaito.
