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VIPBitget VIP Weekly Research InsightsIn 2025, the stablecoin market shows strong signs of growth. Research indicates that the market cap of USD-pegged stablecoins has surged 46% year-over-year, with total trading volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions in 2024. The average circulating supply is also up 28% from the previous year, reflecting sustained market demand. Once used primarily for crypto trading and DeFi collateral, stablecoins are now expanding into cross-border payments and real-world asset management, reinforcing their growing importance in the global financial system. More banks and enterprises are starting to issue their own stablecoins. Standard Chartered launched an HKD-backed stablecoin, and PayPal issued PYUSD. The CEO of Bank of America has expressed interest in launching a stablecoin once regulations permit (via CNBC). Fidelity is developing its own USD stablecoin, while JPMorgan Chase and Bank of America plan to follow suit when market conditions stabilize. Meanwhile, World Liberty Financial (backed by the Trump family) has introduced USD1, backed by assets such as government bonds and cash.
VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 01:59A certain whale has taken a 5x leveraged long position on PUMP and is currently sitting on an unrealized profit of $7.8 million.According to Jinse Finance, OnchainLens monitoring shows that as PUMP reaches a new high, a whale holding a 5x leveraged long position in PUMP is now enjoying an unrealized profit of $7.8 million. This trader also holds multiple long positions in BTC, FARTCOIN, SOL, PEPE, and others, with total profits exceeding $36 million.
- 01:40Pump.fun Co-Founder: Pump.fun's average concurrent live streams have surpassed RumbleAccording to ChainCatcher, Pump fun co-founder alon tweeted that in terms of average concurrent live streaming numbers, Pump.fun has already surpassed Rumble. Currently, its market share is about 1% of Twitch and about 10% of Kick. Pump.fun is capturing their market share and will continue to do so.
- 01:39Data: Galaxy Digital purchased another 325,000 SOL in the past 5 hoursAccording to ChainCatcher, monitored by Lookonchain, Galaxy Digital has purchased another 325,000 $SOL in the past 5 hours, worth $78,000,000.