Weekly Crypto Roundup: Current News, Blockchain Trends, Bitcoin and Stablecoin Analysis, and More Insights.

Blockchain	7-Day Change (in %)	TVL
Xai	6723%	$931,142
Bittorrent	+227%	$1.1M
Merlin	+171%	$38.49M
Filecoin	+115%	$39.21M
TON	+61.34%	$72.05M

Among the top blockchain performers by 7-day change, Xai leads with an impressive 6723% increase, indicating significant market activity. Bittorrent follows with a substantial 227% growth, while Merlin, Filecoin, and TON also demonstrate notable uptrends.

2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL

Ethereum, TRON, BNB Smart Chain, Solana, and Arbitrum One are the top five blockchains in the market on the basis of TVL and market dominance. Lets see how the top five blockchains have performed this week, using 7-day TVL change.

Cryptocurrency	Dominance Percentage	7d- Change (in %)	Price	Market Cap
BTC	49.04%	-7.2%	$64,084.16	$1,258,101,656,738
ETH	15.65%	-10.6%	$3,331.20	$400,013,898,271
USDT	4.09%	+0.1%	$1.00	$104,192,005,600
BNB	3.32%	-10.4%	$550.28	$84,836,562,746
SOL	3.02%	-8.4%	$172.49	$76,505,792,215
Others	24.88%

Cryptocurrency	7-Day Gain	Price
Ondo	+34.75%	$0.7029
Toncoin	+26.89%	$4.79
Stacks	+26.83%	$3.53
Fantom	+13.38%	$1.09
JasmyCoin	+10.44%	$0.02071

In the crypto market, Ondo emerged as the top gainer of the week with a significant 34.75% increase, followed closely by Toncoin and Stacks at +26.89% and +26.83 respectively. Fantom and JasmyCoin also saw notable gains at +13.38% and +10.44%.

3.2.2. Top Losers of the Week in Crypto

Cryptocurrency	7-Day Loss	Price
Sei	-27.27%	$0.8024
Bonk	-26.18%	$0.00002225
Injective	-22.95%	$35.36
Algorand	-20.75%	$0.241
Helium	-19.59%	$6.55

In the crypto market, Sei experienced the most significant loss of the week at -27.27%, followed closely by Bonk at -26.18%. Injective, Algorand, and Helium also saw notable declines at -22.95%, -20.75%, and -19.59%.

3.3. Stablecoin Weekly Analysis

Tether, USDC, DAI, First Digital USD, and Ethena USDe are the top stablecoins in the market in terms of market capitalization. Lets analyse their weekly performance using seven-day market capitalisation, market dominance and trading volume indices.

Stablecoins	Market Dominance (7d) [in %]	Market Capitalisation (7d)	Trading Volume (7d)	Market Capitalisation
Tether	71.23%	$104,042,955,963	$72,933,877,566	$104,101,083,533
USDC	21.90%	$31,996,066,950	$9,566,842,109	$32,098,623,910
Dai	3.26%	$4,763,561,388	$739,396,685	$4,805,964,452
First Digital USD	1.79%	$2,619,642,987	$8,929,619,191	$2,625,007,732
Ethena USDe	0.87%	$1,270,115,281	$116,077,978	$1,274,113,067
Others	0.94%

Among stablecoins, Tether dominates the market with a significant 71.23% market share over 7 days, indicating its widespread adoption and trust among users. USDC follows with a 21.90% share, while Dai, First Digital USD, and Ethena USDe hold smaller portions of 3.26%, 1.79%, and 0.87% respectively. This dominance reflects Tethers role as a leading stablecoin for traders.

Lets analyse the weekly performance of the top stablecoins further using the seven-day price change index.

Stablecoins	7-Day Price Change (in %)	Price
Tether	+0.1%	$0.9995
USDC	+0.1%	$0.9995
Dai	+0.1%	$0.9986
First Digital USD	+0.1%	$1.00
Ethena USDe	+0.3%	$0.9982

Among top stablecoins, Ethena USDe experienced the highest 7-day price change with a modest increase of +0.3%, followed by Tether, USDC, Dai, and First Digital USD, all showing a +0.1% change. These minimal fluctuations indicate stability in the prices of these stablecoins.

4. Bitcoin ETF Weekly Analysis

Bitcoin Futures ETFs and Bitcoin Spot ETFs should be analysed separately, in order to get the right picture of the Bitcoin ETF market, as they represent two different segments. Lets start!

4.1. Bitcoin Futures ETF Weekly Analysis

ProShares (BITO), VanEck (XBTF), Valkyrie (BTF), Global X (BITS), and Ark/21 Shares (ARKA) are the top Bitcoin Future ETFs, as per the Asset Under Management index. Lets use the price change percentage index to analyse these ETFs.

Bitcoin Futures ETFs	Price Change (Gain/Loss) [in %]	Asset Under Management (in Billion)	Price
ProShares (BITO)	-2.15%	$598.78M	$29.16
VanEck (XBTF)	+0.33%	$42.41M	$39.22
Valkyrie (BTF)	-2.60%	$38.20M	$19.45
Global X (BITS)	-4.10%	$26.10M	$67.12
Ark/21 Shares (ARKA)	-2.37%	$8.01M	$62.17

Among Bitcoin Futures ETFs, VanEck‘s XBTF showed the highest gain with +0.33% over the period, indicating slight positive momentum. In contrast, Global X’s BITS experienced the largest loss at -4.10%, followed by Valkyrie‘s BTF, Ark/21 Shares’s ARKA, and ProSharess BITO, all posting negative change.

4.2. Bitcoin Spot ETF Weekly Analysis

Grayscale (GBTC), Blackrock (IBIT), Fidelity (FBTC), Ark/21 Shares (ARKB), and Bitwise (BITB) are the top Bitcoin Spot ETFs, as per the Asset Under Management index. Lets analyse them using the price change index.

Bitcoin Spot ETFs	Price Change (Gain/Loss) [in %]	Asset Under Management (in Billion)	Price
Grayscale (GBTC)	-1.94%	$27.68B	$56.98
BlackRock (IBIT)	-1.99%	$15.85B	$36.41
Fidelity (FBTC)	-2.00%	$8.85B	$55.91
Ark/21 Shares (ARKB)	-1.87%	$2.62B	$64.00
Bitwise (BITB)	-2.00%	$1.96B	$34.84

In the Bitcoin Spot ETF category, Fidelity‘s FBTC and Bitwise’s BITB both experienced a -2.00% decrease in price. BlackRock‘s IBIT showed a slightly lower loss at -1.99%. Grayscale’s GBTC and Ark/21 Sharess ARKB also show declines at -1.94% and -1.87% respectively.

5. DeFi Market Weekly Status Analysis

Lido, EigenLayer, AAVE, Maker, JustLend are the five top DeFi protocols on the basis of TVL. Lets analyse its weekly performance using the 7d Change index.

DeFi Protocols	7d Change (in Total Value Locked) [in %]	TVL
Lido	-11.01%	$32.701B
EigenLayer	-5.80%	$10.892B
AAVE	-7.29%	$10.494B
Maker	-9.19%	$8.392B
JustLend	-6.33%	$7.189B

Over the past 7 days, DeFi protocols experienced declines in Total Value Locked. Lido and Maker saw the largest decrease at -11.01% and -9.19%, respectively, suggesting potential withdrawals or decreased activity. AAVE, JustLend, and EigenLayer also showed declines in TVL, indicating a possible shift in user funds within the DeFi ecosystem.

6. NFT Marketplace: A Basic Weekly Analysis

Blur, Blur Aggregator, Opensea, Cryptopunks, and Gem are the top NFT marketplaces on the basis of market share. Lets analyse them using the Volume Change (change of last 7d volume over the previous 7d volume) index.

NFT Marketplaces	Market Share	Volume Change [Last 7 Day over the Previous 7 Day Volume]	7-day Rolling Volume	7-day Rolling Trade
Blur	56.19%	-14.31%	21198.54	33197
Blur Aggregator	22.09%	+1.20%	11750.04	14868
Opensea	15.97%	-27.13%	6115.22	22155
Cryptopunks	1.98%	+228%	6128.92	25
Gem	1.62%	-20.29%	1217.31	3793
Others	2.149%

In the NFT marketplace sector, Cryptopunks exhibited a significant surge in volume, with a remarkable +228% change over the previous 7 days, indicating heightened activity and interest. Conversely, Opensea, Gem and Blur experienced decrease in volume at -27.13%, -20.29%, and -14.31% respectively, suggesting a potential slowdown in trading activity.

6.1. Top NFT Collectible Sales this Week

CryptoPunks #7804, CryptoPunks #9206, Art Blocks #78000229, CryptoPunks #5526, and CryptoPunks #1085 are the top NFT collectable sales reported this week in the NFT market landscape.

This weeks top NFT collectible sales feature crypto CryptoPunks #7804 as the highest-priced item at $16,382,444.00, indicating strong demand and scarcity. Following, CryptoPunks #9206, Ark Blocks #78000229, and CryptoPunks #5526 and #1085 show significant prices. These sales highlight the continuing popularity of CryptoPunks collectibles.

7. Web3 Weekly Funding Analysis 7.1. ICO Landscape: A Weekly Overview

Oxya Origin, Bowled, Dappad, and Castle of Blackwater are the major ICOs that ended this week. Lets analyse how much they have received.

ICO	Received	Token Price	Fundraising Goal	Total Tokens	Token (Available for Sale)
Oxya Origin	$2,310,000	$0.02	$330,000	1,000,000,000	N/A
Bowled	$3,430,000	$0.07	$400,000	500,000,000	19%
Dappad	$1,720,000	$0.02	$500,000	1,000,000,000	17%
Castle of Blackwater	N/Al	$0.1	$200,000	N/A	N/A

Among the major ICOs ending this week, Bowled raised $3,430,000, Oxya Origin received $2,310,000, and Dappad collected $1,720,000. These amounts signify investor interest and potential funding for blockchain projects, indicating the markets appetite for new digital assets and decentralised applications.

8. Weekly Blockchain Hack Analysis

As of March 23, 2024, hackers stole a massive $7.69 billion. Most of this, about $5.84 billion, was taken from decentralised finance platforms. Another $2.83 billion was stolen from bridges connecting different blockchain networks.

On March 8, 2024, Unizon lost around $2.1 million to hackers. On March 5, WOOFI was targeted, losing $8.5 million. Seneca lost $6.5 million on February 28, while Tectonica lost $0.25 million on February 22.

However, the biggest hit this year was taken by FixedFlot, which lost $26.1 million to a hacking attack.

Endnote

In this weeks comprehensive analysis of Web3, Blockchain and Crypto, we have brought out powerful insights that can be used to stay relevant to market developments. As the landscape evolves, the strategic integration of technology and data-driven decision-making becomes paramount for stakeholders navigating the dynamic realms of decentralised technologies.