Gate Research: Crypto Market Experiences Broad Pullback, Solana DEX Volume Surpasses Ethereum and Base

Gate Research Daily Report: On January 8, the prices of BTC, ETH, and altcoins experienced a comprehensive pullback. The number of Bitcoins held by enterprises increased by 2.24 times, while exchange balances decreased substantially. The 24-hour DEX trading volume on the Solana chain reached $3.98 billion, significantly surpassing the combined total of Ethereum and Base at $2.913 billion, reflecting the market's enthusiasm for DEX platforms on this chain.

Market Analysis: Bitcoin and Ethereum prices dropped by 5.14% and 8.30%, respectively, with current prices at $96,542.9 and $3,381.Top Performers: Altcoins saw a broad correction alongside BTC's decline, with sectors like AI Meme, Cat-Themed, and Bitcoin Sidechains experiencing significant losses.Data Highlights: Solana's 24-hour DEX trading volume surpassed the combined total of Ethereum and Base.Spotlight Analysis: Backpack acquired FTX EU for $32.7 million, aiming to drive the growth of the crypto derivatives market in Europe.Market Opportunities: UXUY is a next-generation decentralized multi-chain trading platform based on MPC wallets, designed to provide secure and efficient digital asset trading services. It recently launched the $UP airdrop, which will end on January 10th.

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