
We present to you our latest issue of Research Roundup, featuring our deep dives into ‘Crypto Card Consumer Spending Insights 2024’ and ‘RWA Tokenisation’.
Welcome to the Crypto.com Monthly Research Roundup Newsletter!
In March, the price and volume indices dropped by -2.98% and -19.12%, respectively, while the volatility index surged by +53.92%.
The US government currently holds US$16.7 billion worth of crypto, including $16.3 billion worth of BTC (198,109 BTC) that accounts for 97.5% of the portfolio, according to Arkham Intelligence.
With the recently signed Executive Order to establish a Strategic Bitcoin Reserve, the government will not sell any bitcoin in the reserve, effectively removing $16 billion of potential sell pressure on bitcoin. Additionally, the Secretaries of Treasury and Commerce are authorised to develop budget-neutral strategies for acquiring additional bitcoin.
Ethereum’s income from Layer-2 (L2) blob fees dropped significantly, setting a new low for 2025. According to Etherscan and Dune, Ethereum only earned 3.18 ETH (~US$6,000) in blob fees in the last week of March, a 72% drop from the previous week, and a 96% decline compared to two weeks prior. This decline raised concerns about the post-Dencun revenue model, as Ethereum relies heavily on L2s for transaction throughput. The upcoming Pectra upgrade aims to change how Ethereum allocates blob space, potentially impacting fee revenue further.
Crypto Card Consumer Spending Insights 2024
The Crypto.com Visa Card is one of the most popular cryptocurrency-linked cards. Every year, the Crypto.com Research & Insights Team takes a deep dive into how and where our users spend their crypto.
Key Takeaways:
Wall Street On-Chain Part 2 – RWA Tokenisation
Real-world asset (RWA) tokenisation is revolutionising traditional finance by bringing liquidity, efficiency, and accessibility. Stablecoins that tokenised fiat currencies dominate the RWA market; other popular tokenised assets like private credit, treasuries, commodities, and public stocks also have been growing.
Traditional financial institutions are increasingly recognising the potential of RWA tokenisation in enhancing their existing product offerings. On the country level, regulatory changes and government-led RWA trials also provide clearer and more favourable guidelines for asset tokenisation.
Tokenised RWA represents only 0.02% of the total RWA market size in traditional finance. This highlights the significant underpenetration and the large potential ahead.
Key Takeaways:
Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT.
This institutional-focused report dives into macro trends, market-neutral pairs, style-factor screens, and events. Read the full Alpha Navigator report here.
Crypto Conferences Calendar
Economic Calendar
Looking for more? Check out our most recent reports and trending market updates:
Read more from our website
Get fresh market updates delivered straight to your inbox:
Subscribe to newsletters
Best regards,
Research & Insights Team
Dapatkan panduan langkah demi langkah untuk menyiapkanakun Crypto.com
Dengan mengeklik tombol Kirim, saya menyatakan telah membaca Pemberitahuan Privasi Crypto.com tempat kami menjelaskan cara kami menggunakan dan melindungi data pribadi Anda.