Charting the Q1 market chaos

Capturing the Layer-2 Narrative
06/02/2025
Explore kaiko data
Our industry-leading research is the direct result of combining our proprietary data with world-class in-house experts. Bringing the very best of Kaiko’s people and data together, we unlock the unique insights that form the basis for our discoveries and analysis. We believe in doing so, our data speaks for itself, helping both our clients and the wider industry get a better understanding of the crypto ecosystem, and the evolving trends and patterns in motion at a regional and global scale.

More From Kaiko Research
ETF
14/04/2025 Data Debrief
XRP's Liquidity Race As Crypto ETFs Deadlines Loom.Markets declined Friday after China announced 125% tariffs on U.S. goods starting April 12, following the U.S. president’s selective 90-day tariff pause that excluded China. Ripple acquired Hidden Road for $1.25 billion, while Binance continue deal talks with Trump’s crypto company.
Written by The Kaiko Research TeamMacro
07/04/2025 Data Debrief
Liberation Day Frees Investors From Election Gains.The markets are still digesting last week’s sweeping tariff announcements. Meanwhile, USDC issuer Circle has taken a significant step towards a public listing by filing for an IPO on the NYSE. Additionally, First Digital Trust’s FDUSD briefly lost its peg due to insolvency concerns.
Written by The Kaiko Research TeamDEX
31/03/2025 Data Debrief
DeFi faces new test as low-liquidity token gets manipulatedBitcoin fell alongside equities as hotter-than-expected U.S. inflation data and weak sentiment indicators fueled stagflation fears on Friday. Meanwhile, Crypto.com announced that it will support Trump Media’s upcoming ETF offerings, and GameStop experienced volatility after doubling down on Bitcoin.
Written by The Kaiko Research TeamCEX
24/03/2025 Data Debrief
SOL Institutional Demand Tested.Risk assets, including crypto, experienced gains in the early hours of Monday as concerns over the upcoming April 2nd tariffs eased. In other news, Kraken acquired a futures exchange for $1.5 billion, the U.S. Treasury lifted economic sanctions on Tornado Cash, and the SEC dropped its appeal against Ripple.
Written by The Kaiko Research Team