KEYTAKEAWAYS
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Bitcoin delivered a 7.2 million percent return over 14 years, far outperforming gold and the S&P 500, despite short-term volatility and investor caution.
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GSR Markets and Flow Traders support WCT as main market makers, boosting the token’s credibility with strong backing from institutional players in crypto and finance.
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Ethereum led Q1 2025 dApp fee revenue with over $1 billion, maintaining dominance as Web3 infrastructure despite fast growth in Layer 2 platforms like Base.
CONTENT
BITCOIN’S 14-YEAR RETURN REACHES 7.2 MILLION PERCENT
According to The Defiant, Bitcoin has outperformed the S&P 500 in all time periods over the past 14 years. During this time, Bitcoin delivered a total return of about 7.2 million percent, much higher than gold’s 116% and the S&P 500’s 306%.
Even in the short term, Bitcoin returned 173% over the past two years, showing its strong performance compared to traditional assets like gold and stocks.
Analysis:
The 173% two-year return shows Bitcoin’s strong appeal, even in a volatile market. But risks remain—like the current Fear Index at 31 and 25.8% of holders in loss—reminding us of possible short-term drops (e.g., to $75,000).
In the long term, Bitcoin’s limited supply and growing institutional adoption (e.g., ETF inflows of $35.58 billion by March 18) support its strength. However, high returns often come with high risk.
GSR MARKETS AND FLOW TRADERS ARE KEY MARKET MAKERS FOR WCT
On April 15, on-chain analyst @ai_9684xtpa reported that GSR Markets and Flow Traders are the main market makers for WCT, the new token from Binance Launchpool.
- GSR Markets: 7.5 million WCT for market making, with 2.8 million already sent to CEXs.
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Flow Traders: Also allocated 7.5 million WCT, currently testing small transfers to CEXs.
Together, their allocations make up 8% of WCT’s initial circulating supply.
Analysis:
WalletConnect is an open-source protocol connecting wallets and dApps. It supports over 500 wallets and 7,000 dApps. Binance Launchpool is distributing 40 million WCT tokens (4% of the total supply).
GSR is a top crypto market maker, licensed by the FCA and MAS since January 2025, with strong skills in high-frequency and OTC trading. Their involvement shows confidence in the WCT project.
Flow Traders, known for ETF market making in traditional finance, is now active in crypto (e.g., supported the Solana ETF in 2024). Their support also adds trust to the WCT market.
ETHEREUM DAPPS GENERATED OVER $1 BILLION IN Q1 2025
According to Token Terminal, Ethereum remains the leading network for decentralized applications (dApps). In Q1 2025, Ethereum’s dApp fee revenue reached $1.014 billion.
The second-highest was Base, Coinbase’s Layer 2 network, with $193 million.
BNB Chain followed with $170 million, and Arbitrum with $73.8 million.
Avalanche (C-Chain) ranked fifth with $27.68 million in dApp fees.
Analysis:
Ethereum’s $1.014 billion fee income confirms its role as the main Web3 infrastructure.
Base showed strong growth (+286%), proving the potential of Layer 2s, though it’s still far behind Ethereum’s 73% market share.
BNB Chain is stable but lacks innovation and may be overtaken by Solana, which wasn’t in the top 5 but has TVL over $5 billion.
Arbitrum and Avalanche performed decently but need more major dApps to grow further.
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