On-Chain Data

Ethereum's most strategically valuable Layer2 may not be continuing to optimize wallets and DeFi for human users, but rather an execution layer built specifically for AI Agents. This type of L2 has the potential to bring genuine exponential growth to Ethereum, an explosion of on-chain activity, and position Ethereum as the "trust and coordination layer of the AI world." AI Agents users are beginning to enter, with over 20,000 AI Agents already active on Ethereum (exploding just a few weeks after the ERC-8004 standard went live). These Agents do not require browsers, mobile apps, or "user-friendly UI"; what they need are high-frequency microtransactions, low latency, verifiable computations, privacy protection, and inter-machine payments. Humans use L2 to save gas and achieve quick confirmations, but Agents use L2 for

According to DefiLlama data, during the weekend of March 9th, trading activity on mainstream perpetual contract decentralized exchanges was relatively low. Hyperliquid still ranked first in trading volume, with approximately $4.57 billion in 24-hour trading volume. Although trading volume and open interest on major exchanges saw little change, TVL experienced a slight increase. EdgeX and Aster ranked second and third, respectively.

Gate News Report, March 9th, according to Onchain Lens monitoring, BlackRock ETF address recently deposited 2,200 BTC (worth approximately $149 million) and 2,417 ETH (worth approximately $4.84 million) into a certain CEX, totaling about $154 million. On-chain data shows that more assets may be transferred to this exchange in the future.

As of March 9th, the on-chain tokenization of real-world assets has surpassed $25 billion, nearly quadrupling in size, primarily thanks to the proactive involvement of traditional asset management institutions. Six categories of assets have exceeded $1 billion, with U.S. Treasuries being particularly prominent. The market growth mainly stems from institutional issuance rather than secondary trading, and the integration of RWA with DeFi remains limited.

Solana has reached $650B in stablecoin transfer volume in February, surpassing Ethereum and Tron and doubling its previous record from October 2025. This growth highlights Solana's expanding user base and potential influence in the DeFi sector.

Gate News Announcement, March 9 — On-chain analysis data shows that the Solana blockchain has surpassed Ethereum in the number of wallets holding tokenized real-world assets (RWA). Currently, Solana leads in the number of wallets holding RWA. Although Solana is ahead in the number of holders, Ethereum still maintains a dominant position in the total value of tokenized assets deployed on-chain. Most major tokenized government bond products and private credit platforms are still based on the Ethereum ecosystem.

Ethereum network transaction fees dropped to a historic low in early 2026, averaging about $0.09 to $0.097, with some periods even approaching zero. This is thanks to the Dencun upgrade launched in 2024 and EIP-4844 technology, which significantly reduced Layer-2 network costs. Despite the decrease in fees, network activity reached new highs, with daily transaction volumes surpassing 2.5 million to 2.9 million. At the same time, ETH burn amounts decreased, posing new challenges to the economic model, but the overall impact on the Ethereum ecosystem is seen as positive, ushering in a new era of "low fees and high throughput."

The Bitcoin market is consolidating at high levels, and the number of holders surpassing gold owners indicates increased recognition of it as a new store of value. The US market demand is strong but faces a key technical test, requiring a steady hold above $63,700. The flow of funds will determine the future price trend.

March 9 News, the real-world asset tokenization (RWA) market continues to expand in 2026, reaching a value of approximately $24.9 billion, nearly quadrupling. U.S. Treasuries and commodities have become the main drivers, and the market structure is gradually diversifying. The number of RWA holders exceeds 663,000, and stablecoin users are also increasing rapidly. The industry expects that by 2030, the RWA market could surpass $50 billion.

Stablecoins have seen a significant increase in blockchain settlement volume, with the Solana network performing outstandingly, reaching $650 billion in transfers by 2026. Their applications have expanded to cross-chain settlements, DeFi collateral, and other areas, with market attention on stablecoins becoming increasingly focused on their role as an important payment layer. User engagement has increased, and stablecoins are transforming into the foundational infrastructure for blockchain payments.

The cryptocurrency market is volatile, with XRP prices remaining weak, declining nearly 28% since early 2026. Approximately 60% of circulating XRP is in loss, trading activity has decreased, and market liquidity has thinned. Despite retail investors being under pressure, some major whales are increasing their XRP holdings, indicating structural divergence in the market. In the short term, XRP's trend may continue to exhibit high volatility.

Gate News Report, March 9th, data shows that in the past 7 days, the Arbitrum cross-chain bridge had a net inflow of $615.75 million, ranking first among all public chains. Following are Plasma and Avalanche, with net inflows of $442.33 million and $290.88 million respectively. During the same period, Ethereum, Mantle, and Hyperliquid experienced net outflows of $4.364 billion, $183.56 million, and $152.24 million.

The blockchain real-world asset market is heating up, with tokenized gold Tether Gold (XAUT) experiencing a significant increase in trading volume on the Solana network, with weekly trading exceeding $280 million. As institutional investors participate more, the market demand for tokenized assets is rapidly expanding, indicating that the RWA market may continue to grow in the future.

From 2026-03-09 05:30 to 2026-03-09 05:45 (UTC), BTC experienced a significant upward movement, with a 15-minute return of +0.82%. The price range was 67,350.4 to 67,970.0 USDT, with an amplitude of 0.92%. This fluctuation occurred during a period of global risk asset pressure and increased volatility in the crypto market, attracting market attention. The main driving forces behind this movement are the continuous accumulation by whale funds at the bottom and the rebound of ETF fund inflows. On-chain data shows that from February to March, large holders with over 1000 BTC...

On March 9th, DeFi lending protocol Aave reached 155,000 monthly active users in February, setting a new record with approximately 100% growth. Due to a reduction in low-risk yield strategies, investors are shifting towards DeFi lending. Aave's total value locked across 20 blockchains is nearly $27 billion. The governance group Aave Chan Initiative announced it is ceasing operations due to transparency disputes.

XRP's burn rate has surged by 27% despite its price dropping below $1.40, indicating increased network activity and potential demand. This could signal a possible price recovery amidst broader market challenges.

NYDIG points out that the recent synchronized movement between Bitcoin and U.S. tech stocks is primarily due to macroeconomic factors rather than structural correlation. Although their prices are similar, Cipolaro emphasizes that the rise in Bitcoin and tech stocks more reflects a common change in liquidity and risk appetite rather than fundamental convergence. Bitcoin's volatility remains mainly driven by its own market factors, and its diversification value in investment portfolios still exists.

From 00:00 to 00:15 (UTC) on March 9, 2026, the AVAX price experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with an amplitude of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention was heightened. The main driver of this anomaly was the ongoing fermentation of the news announced by Avalanche on March 8, about a liquidity staking partnership with a well-known DeFi protocol. The market

2026-03-09 02:30 to 2026-03-09 02:45 (UTC), Bitcoin (BTC) achieved a +0.68% return within 15 minutes, with the price range between 66,095.6 and 66,585.0 USDT, and an amplitude of 0.74%. Amid geopolitical conflicts, market attention during this period significantly increased, volatility intensified compared to normal levels, and trading activity rapidly surged. The main driver of this anomaly was the concentrated inflow of whale funds into a certain trading platform. On-chain data shows that recent whale transfers of BTC to exchanges have sharply increased.

The escalation of the US-Iran conflict has led to nearly a 20% increase in oil prices, affecting the US stock market and Bitcoin, with the latter falling below $66,000. The movements of giant whales selling and retail investors increasing their positions indicate that the market correction is not yet over. The inauguration of Iran's new leader could intensify geopolitical risks, and the market fears that Bitcoin may test the $60,000 support level again.