Odaily News Gate Research Institute's latest May Web3 chain data report shows that Solana's transaction volume exceeded 3.1 billion, ranking first; Base's monthly transaction volume exceeded 300 million, with a rapid growth rate. Injective's net inflow reached 130 million US dollars, leading the emerging public chains. $VIRTUAL's activity and handling fees have increased significantly, showing real usage momentum.
At the same time, the report pointed out that Bitcoin's cumulative trend score continued to remain high, indicating that major funds are still actively entering the market. The relative unrealized profit exceeded two standard deviations, and the realized profit on the chain rose simultaneously, indicating that the market is in a high-profit stage, but there is no sign of large-scale selling or market peaking yet.
In addition, Gate Research Institute released "Gate Research Institute: In-depth Analysis of the Traffic War between Letsbonk.fun and Pump.fun" at the same time, which compared and analyzed the two major one-click coin issuance platforms from the dimensions of products, narratives, transactions and operations. Pump.fun has a first-mover advantage in design, meme construction and liquidity management through multiple rounds of product iterations; while the emerging Letsbonk.fun has made up for the shortcomings of Pump.fun in the incentive mechanism by sharing profits with the project party, and successfully diverted some traffic.