Weekend Market Overview: Mainstream Coins Stagnate as WazirX Token Soars 160%
Over the past 24 hours, the crypto market showed mixed performance. Bitcoin and Ethereum traded sideways, while India-based exchange WazirX's native token surged 160%. Other top gainers included P2P network BitTorrent (+34.84%) and Nervos Network (+14.87%).
Key metrics:
- Total crypto market cap: $1.94 trillion
- 24-hour trading volume: $309.62 billion
- Bitcoin dominance: 55.26%
March Crypto Trading Volume Exceeds $1 Trillion for Second Consecutive Month
According to The Block Research, global crypto trading volume surpassed $1 trillion in March, marking the second straight month of 13-digit trading activity.
Highlights:
- Spot trading: $1.17 trillion (5% decrease from February's record $1.23T)
- Fiat trading volume: $406.51 billion
- Top fiat-supported exchanges: Coinbase (22%), Upbit (21%), Kraken (11%)
Ethereum Miners Achieve Historic $1.38B Revenue in March
Ethereum mining revenue reached new all-time highs with $1.38 billion earned in March. The revenue composition shifted notably:
| Revenue Source | March Share | February Share | Change |
|---|---|---|---|
| Transaction Fees | 47.22% | 52.87% | ↓ 9.94% |
| Block Rewards | 52.78% | 47.13% | ↑ 12.89% |
DeFi and Stablecoin Developments
Compound Crosses $15B Total Supply
The lending protocol achieved this milestone just six weeks after hitting $10B in February. Top supplied assets:
- ETH
- DAI
- USDC
Fei Protocol's $1.27B Genesis Launch
The decentralized stablecoin project raised 639,000 ETH (worth ~$1.27B) during its launch, creating:
- 1.3B FEI stablecoins
- 26B+ Uniswap liquidity pool (largest on any DEX)
Exchange and Corporate News
Binance Futures Hits $10B Open Interest
The derivatives platform saw record activity:
- 3,900% year-over-year growth
- Currently processes 18.44% of global crypto derivatives volume
Shopify CEO Explores DeFi Integration
Tobi Lütke expressed strong interest in crypto adoption:
- "Spent morning studying Ethereum smart contracts"
Seeking DeFi solutions for:
- Stablecoin payments
- Yield-bearing merchant accounts
- ERC20 optimization
👉 Discover how leading platforms leverage DeFi for growth
FAQ: March Crypto Market Insights
Q: Why did Ethereum miner revenue increase despite lower fee percentage?
A: The network saw higher transaction volume and ETH price appreciation, offsetting the reduced fee share.
Q: What makes Compound's supply growth significant?
A: Crossing $15B demonstrates accelerating institutional participation in DeFi lending markets.
Q: How does Fei Protocol's approach differ from other stablecoins?
A: It uses Protocol Controlled Value (PCV) instead of over-collateralization to maintain its peg.
Q: Why are corporations like Shopify exploring crypto?
A: DeFi offers cost-efficient payment solutions and new revenue streams through yield-bearing assets.
👉 Explore institutional crypto adoption trends
Note: All data reflects market conditions as of March 2025. Always conduct independent research before investing.