Key Insights
Despite setting a new all-time high in January, BTC ended Q1 down 12% QoQ at $82,500. Risk-off sentiment from U.S. tariffs on Canada and Mexico weighed on price, although the launch of the Strategic Bitcoin Reserve (SBR) in March helped support BTC during the latter half of the quarter.
Key Insights
Forta Network is addressing one of crypto's most critical issues: real-time security and compliance. Through its Forta Firewall, the protocol screens transactions for malicious or non-compliant activity before they are executed onchain, shifting security from a reactive to a proactive approach.
Key Insights
Rango Exchange has grown into one of the leading cross-chain and decentralized exchange (DEX) aggregation protocols, now supporting 71 blockchains, 97 DEXs, and 23 cross-chain protocols. Since its launch in 2021, Rango has facilitated $3.8 billion in swaps across 3.9 million transactions.
Key Insights
Moonbeam recorded 5.8 million transactions in Q1 2025, up 11.6% QoQ, with the network’s average daily transactions increasing 14.0% to 64,419. Daily active addresses declined 20.2% to 1,716.
Key Insights
BNB Chain network revenue rose 58.1% QoQ to $70.8 million, driven by a 122.6% surge in wallet-to-wallet transaction fees. BNB’s market cap fell 14.8% in Q1 2025, ending the quarter at $86.2 billion, yet maintained the fourth position excluding stablecoins.
Key Insights
Recall launched its public testnet in March 2025. Within its first month, it processed over 1 million transactions and 100,000 data blobs from 276,000+ unique accounts, demonstrating strong developer and user engagement.
Key Insights
Vertex expanded to three new chains: Sonic, Abstract, and Avalanche, bringing its total deployments to eight and accelerating its multichain roadmap.
Key Insights
Despite market headwinds, affiliate volume increased 29.7% QoQ, rising from $2.25 billion to $3.21 billion, with Asgardex leading all affiliates at $1.22 billion.
Key Insights
Waterfall Network launched its mainnet in July 2024, following years of research and multiple testnet iterations. It employs a DAG-based Proof-of-Stake consensus mechanism, enabling parallel block production and high scalability while maintaining decentralization.
Key Insights
Contango's total open interest (OI) was 168,200 ETH in Q1, up 8% QoQ. Leverage on stablecoin pairs increased relative to ETH-related asset pairs.
Key Insights
OpenServ’s platform provides the infrastructure to power an ecosystem of multimodal AI agents capable of advanced reasoning and autonomous collaboration, enabling agentic solutions to complex problems in DeFAI, Web3, and Web2.
Key Insights
Reserve is positioned to become the onchain BlackRock as the leading provider of Decentralized Token Folios (DTFs). DTFs function as onchain ETFs that provide transparent, real-time access to diversified crypto investments.
Key Insights
FITCHIN's blockchain-enabled tournament platform has hosted over 500 tournaments with more than 200,000 participants, making it one of the most active esports competition hubs in the Spanish-speaking world.
Key Insights
Founded in 2019, CESS is a decentralized data value infrastructure supporting applications across sectors such as DePIN, AI, and DeSci. It emphasizes enhanced data privacy, sovereignty, and security through decentralized storage and delivery solutions.
Key Insights
MapleStory Universe is a virtual worlds ecosystem designed to host applications built from the MapleStory IP. The ecosystem serves as a hub for creativity, collaboration, and community engagement, supported by integral components that form a comprehensive ecosystem.
Key Insights
Bitcoin’s limited programmability, lack of non-custodial infrastructure, and native yield have hindered BTC DeFi (BTCFi), but developments like sidechains, non-custodial staking, and BitVM are changing that.
