Author: Denis Mwirigi

Denis is an experienced blockchain enthusiast and researcher. He is passionate about the opportunities and possibilities afforded by the advancement of this new technology. With a background in engineering, he blends technical expertise with a deep interest in foreign exchange, financial journalism, and technological trends.

Ethereum Dapps Generate Over $1 Billion in Fees in Q1 2025

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Ethereum remains the top blockchain in activity and revenue as of Q1 2025, while Layer-2s and altchains catch up.

 

Blockchain utility is on the rise as countries around the globe strive for clearer regulatory measures. As a result, blockchain technology is finding utility in various aspects of the global economy, as traditional financial institutions and businesses adopt it. Decentralized applications (Dapps) and blockchain services are on demand, and builders have been quite busy in the past three months.

According to Token terminal data, Ethereum dapps have topped in blockchain revenue for Q1, 2025, with the network raking in $1.014 billion in fees.

 

Source: Token Terminal

 

Base Dapps secured the 2nd position with $193 million, while BNB Chain came in third with $170 million. Arbitrum hit $73.8 million, and Avalanche C-chain closed the top 5 list with $27.68 million.

Base, a layer-2 chain backed by Coinbase, aims to decentralize over time according to its documents. It has seen significant growth, surpassing BNB Chain for the second position as of Q1 2025.

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Solana Leads Ethereum in 24-hour DEX Volume

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Solana has taken the top spot, leading Ethereum in daily decentralized trading volume amid a 3.5% price surge.

 

Solana and Ethereum networks account for 57% of the total trading volume from the top 10 decentralized exchanges (DEXs) in the market. In the past 24 hours, Solana has seen its DEX trading volume steadily rise, pulling ahead of Ethereum to lead the DEX pack.

According to data shared by Crypto Rand on CoinMarketCap, Solana’s 24-hour DEX volume hit $2.774 billion while Ethereum rallied behind holding 2.744 billion.

Source: CoinMarketCap

Why is Solana’s price and DEX volume surging?

Solana’s fast transaction speed and lower gas fees could be enticing for traders following a week of market frustration fueled by the global trade war. Users are likely hunting for cheaper and quicker alternatives to Ethereum-based DEXs, for instance, Jupiter and Raydium.

Despite lagging behind Solana in the past 24 hours, Ethereum remains unshakable as a DEX powerhouse in the market.

 

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Trump Signs First-ever Crypto Bill into Law

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Trump has signed the first-ever crypto bill into law, easing regulations and encouraging DeFi innovation.

 

A controversial IRS rule that required DeFi platforms to act like traditional brokers and report user data to the authority has been limiting innovation in the digital asset market. However, on the 10th of April, in what is deemed a “major win” for the crypto space, U.S. President Donald Trump signed a new legislation repealing this barrier into law.

 

Source:Carey.house.gov

What does this mean for Bitcoin and the Future of DeFi?

Most DeFi platforms in the U.S. have faced challenges in protecting user privacy while complying with the IRS requirements of data disclosure. DeFi platforms exist to minimize the bureaucracy associated with traditional finance infrastructure.

This includes both anonymity and transparency, depending on user requirements. As a result, the IRS rule was overwhelming for most DeFi projects, hindering their growth and user adoption. With the new Legislation, DeFi projects could be in for exponential growth, pushing demand for Bitcoin and cryptocurrencies higher.

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Gold Hits a New All-time High-Will Bitcoin Follow Next?

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Spot gold has recorded a new all-time high, sparking debate over whether Bitcoin could follow this historical correlation.

 

On the 10th of April, gold surged 3% to hit an all-time high, trading at $ 3,160 per ounce as the market recovered. Following Trump tariffs and market chaos, investors seem to hedge their capital against inflationary policies associated with the current global economy.

Historically, Bitcoin tends to follow suit once gold surges. With BTC facing price volatility, traders wonder whether the “digital gold” will behave similarly.

Why BTC could mirror gold’s rally

Bitcoin’s price has fluctuated significantly in the past 24 hours. Looking at its technical set-up on the weekly chart, a price correction is possible if BTC fails to hold its bullish momentum.  This could lead to a retest of its $75-71 support zone before rallying to mirror gold’s trend in the long run.

 

Source: X

 

As the crypto market attempts to recover, digital assets may face price volatility. As a result, BTC could attempt to “shake weaker hands” before assuming gold’s momentum.

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Are Whales Accumulating Bitcoin? BTC Demand is Rising

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Large Investor Demand signals that Bitcoin is transitioning into a healthy investment and store of value, attracting more smart money.

 

A recent Bitcoin market update by Cryptoquant on X (formerly Twitter) has given valuable insights regarding Bitcoin as a strategic investment. According to the post, the demand for BTC from large investors has been on the rise despite market volatility in the past month.

Source: Coinglass

Excluding addresses by exchanges and mining firms, investors owning 1,000 -10,000 BTC have shown a steady increase.  Despite the recent market crash affecting the crypto market, the whales seem long-sighted on Bitcoin as a maturing, healthy asset in their portfolios.

What does this mean?

When large investors keep their hands strong amid market volatility, this often signals a bullish market ahead. Such Whale behaviour suggests long-term investor conviction in BTC. As the market recovers, whale accumulation could strengthen BTC’s rally in the next few weeks.

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XRP Reclaims $2 Resistance -Is $2.5 the next target?

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XRP has hit $2 following a 14% surge as the crypto market rebounds from the trenches.

 

Following a week of turmoil in the global economies and over $1 billion in crypto liquidations, the market could be poised for stabilization. Many altcoins are seeing a rebound from the market dip, with XRP rallying 14% in the last 24 hours. Per CoinMarketCap, XRP was trading at $1.99 at press time.

XRP could be eyeing $2.5 in the mid-term

Looking at XRP’s technical setup, the coin’s MACD is on the verge of a bullish crossover. This could be a potential confirmation signal of XRP’s uptrend rally as it secures a daily close above $2. According to CryptoAndy, on CoinMarketCap, capital inflow into the market could see XRP target $2.5 next after breaking above this level.

 

Source: CoinMarketCap

As the market recovers from the trade war, traders entering new positions could strengthen XRP’s bullish momentum. With open interest rising, one should keep an eye on the altcoin’s next moves at this level.

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Paul Atkins Confirmed SEC Chairman amid Bullish Market Sentiment

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Investor optimism rises in the digital assets market as Pro-Crypto Paul Atkins officially becomes SEC Chairman. Ethereum surges 11% as SEC approves trading ETH Spot ETFs.

 

A crypto boom could be on the cards following recent developments at the U.S. Securities and Exchange Commission (SEC). Following a 52-44 vote outcome, the Senate has officially appointed the Wall Street consultant, Paul Atkins, to lead the SEC amid halted Trump tarrifs.

While most cryptocurrencies gained substantial bullish momentum following the decreased trade war tension, ETH could be poised for an exponential bull run in the mid-term. Per CoinMarketCap data, ETH has surged 11%, with its 24-hour trading volume rising 81%.

Source: CoinMarketCap

 

Are traders buying the dip now?

Crypto traders could be buying the recent dip as major altcoins have seen notable price surges. XRP has surged 11%, Solana  12%, BNB 5%, Cardano 11%, and LINK 15%. Meme coins such as DOGE and SHIB have recorded more than 10% gains.

The market has gained a bullish momentum following a week of extreme volatility. If the momentum holds, a bull rally could be on the start.

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1 Billion USDT minted as Trump Halts Tarrifs-Bullish Market?

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Crypto market gets new stablecoin liquidity as U.S. President Donald Trump declares a 90-day freeze on tariffs. A sign of heightened buying pressure?

 

President Donald Trump has recently given a bullish signal for the market, coinciding with Tether’s 1 billion USDT mint on the 9th of April. The blockchain intelligence platform, Arkham, shared this market development in an X (formerly Twitter) post. The post hints at new capital ready for deployment.

Source: X

 

Is a bull run on the horizon?

In what appeared like a market heads-up, Trump advised traders that it was time to buy the dip, giving a hint at the start of a bullish market. According to the post;

THIS IS A GREAT TIME TO BUY!!!DJT

 

The stock market has received $4 trillion in capital following the tariff freeze as Bitcoin surged 5% to $83k, at press time. With the recent USDT minting, this could be a sign of market reversal as the bulls charge. Demand for stablecoin is on the rise as traders enter new positions.

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Bitcoin Miners Hit Hard by Trump Tarrifs

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Trump tariffs could raise mining costs, making mining outside the U.S the only option for mining companies.

 

China has announced an 84% tariff on US goods in a move to reciprocate a 104% tariff imposed on its goods by the U.S on 8th of April.  The country is a global factory for consumer electronics, including mining equipment supplied to mining firms worldwide.

As this trade war persists, mining companies in the United States have rushed to secure essential equipment before these tariffs become effective.

Additionally, mining companies have seen their share prices drop amid the ongoing global market crash, raising concerns about their profit margins.  According to Seth on X, miner difficulty has hit a new high, making it even more expensive to mine BTC while prices are plummeting.

 

Source: X

Why a trade war is a triple blow for the mining industry

Profit margins for the miners could be hit from three different angles if trade wars persist.  These include falling BTC prices, rising costs of mining equipment, and dropping share prices.

As a result, mining firms outside the U.S. have higher profit margins as the Trump administration imposes further tariffs on China goods.

 

 

 

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Bitcoin vs Gold,S&P500 and Nasdaq in the Past year

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Bitcoin could be maturing as a solid digital asset, away from the wild rocket of speculative cycles. Key opinion leaders believe this is BTC behaving like a “normal” asset.

 

For the first time since post 2023 rally, Bitcoin seems to have underperformed gold, S&P 500 and Nasdaq in the past 12 months. Current trade wars fuelled by Trump tariffs have led to crash of global economies without leaving the digital assets behind. According to market analyst, Vlad Hryniv on CoinMarketCap, the following are each asset’s performance in the past year.

🔹 BTC 1Y return: 23.6%

🔹 Nasdaq: 33.5%

🔹 S&P 500: 33.9%

🔹 Gold: 69.7%

 

However, despite the recent market crash, the analyst noted that;

‘What we’re seeing isn’t just a cooldown — it might be the end of Bitcoin’s speculative cycles. Volatility is compressing, return curves flattening, and BTC is starting to act… normal?”

 

Bitcoin is acting normal

Like most traditional assets, Bitcoin could be geared up for less wild runs, noise and volatility amid mass adoption. This new era would mean less speculation and more respect for a stable digital asset with less speculation.

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