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BTC $71,655.20 +4.17%
ETH $2,242.14 +6.22%
BNB $615.76 +2.87%
XRP $1.38 +4.92%
SOL $84.58 +5.91%
TRX $0.3163 +0.03%
DOGE $0.0947 +4.68%
ADA $0.2626 +7.15%
BCH $443.40 +2.50%
LINK $9.23 +4.92%
HYPE $39.04 +7.18%
AAVE $95.39 +2.87%
SUI $0.9604 +10.06%
XLM $0.1642 +5.30%
ZEC $321.08 +21.84%

project

Analysis: Affected by the bear market, 21 cryptocurrency projects announced closures or service reductions

According to statistics from DeFi analysts, affected by the bear market, 21 cryptocurrency projects have recently announced closures or significant reductions in services, covering the fields of DeFi, NFT, wallets, and gaming.Among them, Leap Wallet will completely shut down all products on May 28, and users need to migrate their assets to Keplr or MetaMask as soon as possible. Magic Eden has decided to close ME Wallet and focus on the NFT market and infrastructure on Solana, with the wallet ceasing operations on May 1. Fantasy Top plans to take non-core functions offline in mid-June to concentrate resources on prediction market games.In the DeFi sector, Angle Protocol has stopped its stablecoin business due to reduced activity and increased competition, while ZeroLend and Polynomial Finance have scaled back services due to insufficient liquidity and low trading volume. The NFT platforms Nifty Gateway and Sound.xyz have closed some operations due to market changes and strategic adjustments.In addition, gaming projects like Runiverse and Pixiland Social have paused blockchain-related operations due to high development costs and regulatory uncertainties, while projects like Dmail, Yupp AI, and DataHaven have been forced to exit due to funding issues or market changes.Analysts believe that this industry reshuffle is a necessary reconfiguration of the market, and Web3 projects that prioritize actual utility and sustainable economic models will be more competitive in the future.

Gate 2026 Q1 key data for spot listing: Continuously providing effective opportunities in a weak market, with a 35.7% exclusive project weekly increase exceeding 100%

Gate Research Institute released the "Gate Q1 2026 Key Data on Spot Listings," which analyzes the market performance of 37 new asset samples launched in Q1 across multiple time windows from 5 minutes to 7 days. The report indicates that in an environment where the market is under pressure and project differentiation is intensifying, new listings are not only a means to acquire project resources but also a comprehensive test of the platform's selection capability, liquidity organization, and price discovery efficiency.From the supply structure perspective, leading exchanges launched a total of 48 new projects in Q1, with Gate covering 37 of them, achieving a coverage rate of 77.1%. Among these, the proportion of initial listings is 73%, and the proportion of exclusive listings is 37.8%. In terms of post-listing performance, the percentage of new coins that increased in multiple time windows remained above 50%, with median returns of +9.3% for 24 hours and +10.0% for 3 days.Structurally, the average increase for initial listing projects reached 502.8% on the first day and 440.7% over 3 days, while non-initial listing projects achieved a 90% success rate for increases within 24 hours. Exclusive projects had a 71.4% success rate for increases within 72 hours, with a median return of +37.8%. Overall, Gate still demonstrates strong capabilities in project acquisition, selection, and result realization even in a weak market.

Gate 3 March CandyDrop, Launchpool, and HODLer Airdrop data released, with the peak annualized return of the Launchpool project at 751.33%

According to official data, Gate's three major airdrop sectors performed steadily in March. Among them, Gate CandyDrop launched a total of 6 projects in March, with the trading volume of CandyDrop event contracts exceeding $15 billion and the number of participants surpassing 210,000. Gate Launchpool launched a total of 2 projects in March, with the IDOS project achieving a maximum annualized return of 751.33%. During the same period, the peak annualized return of Gate HODLer Airdrop reached 12.26%, with a staking amount of approximately $196 million.It is reported that since its launch a year ago, Gate CandyDrop has held a total of 152 events, adopting an innovative "task-driven" model. Users can earn "candies" by completing various tasks such as trading, recharging, and inviting friends, which can be exchanged for high-quality token airdrops. Gate Launchpool, as an innovative staking airdrop platform, supports staking of various tokens such as GT, BTC, ETH, USDT, and GUSD, distributing new coin airdrop rewards every hour, allowing for low-threshold participation with high annualized returns, helping users capture market opportunities. In addition, after users stake and choose to redeem, transferring assets to the 7-day fixed product of Yubi Treasure can add up to 116.667% additional airdrop rewards on top of the original staking returns. Gate HODLer Airdrop aims to discover high-quality potential projects, reducing investment risks through the airdrop mechanism, allowing users to easily participate in receiving free airdrops by holding just 1 GT.
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