The recent surge in demand for Bitcoin has sent ripples throughout the cryptocurrency industry, notably impacting the sentiment surrounding decentralized finance (DeFi) protocols. According to a recent data from DefiLlama, the total value locked (TVL) in DeFi protocols soared past the $100 billion mark on March 9, with over $10 billion in volume recorded within the preceding 24 hours.

最近對比特幣的需求激增在整個加密貨幣行業引發了連鎖反應，尤其影響了圍繞去中心化金融（DeFi）協議的情緒。 DefiLlama 最新數據顯示，3 月 9 日，DeFi 協議鎖定總價值（TVL）飆升至 1000 億美元大關，過去 24 小時內交易量超過 100 億美元。

DeFi TVL sees significant growth

While this surge marks a significant milestone, it falls short of the record high of $189 billion set in November 2021. Leading the pack in terms of locked capital is the liquid staking protocol Lido, boasting an impressive $38.7 billion locked on-chain. EigenLayer, a prominent staking ecosystem, follows closely behind, along with the Aave protocol, both securing over $11 billion in locked capital.

DeFi TVL 出現顯著增長雖然這一激增標誌著一個重要的里程碑，但仍低於2021 年11 月創下的1890 億美元的歷史新高。在鎖定資本方面處於領先地位的是流動質押協議Lido，其鎖定資金高達387 億美元，令人印象深刻。鏈。 EigenLayer 是一個著名的質押生態系統，緊隨其後的是 Aave 協議，兩者都獲得了超過 110 億美元的鎖定資本。

This surge in DeFi activity marks a notable return to form, with TVL surpassing the $100 billion threshold for the first time in nearly two years. The uptick in DeFi engagement is largely attributed to the renewed positive sentiment in the crypto markets, driven primarily by the introduction of spot Bitcoin exchange-traded funds (ETFs) in January.

DeFi 活動的激增標誌著顯著的回歸，TVL 近兩年來首次突破 1000 億美元大關。 DeFi 參與度的上升很大程度上歸因於加密貨幣市場重新出現的正面情緒，這主要是由 1 月推出現貨比特幣交易所交易基金 (ETF) 推動的。

The advent of spot Bitcoin ETFs has sparked considerable institutional demand, propelling Bitcoin to unprecedented heights, with prices breaching the $70,000 mark on March 8. Assets in Bitcoin ETFs surged to a staggering $28 billion on March 8, excluding assets from Grayscale’s Bitcoin Trust, which transitioned to an ETF in January from its previous over-the-counter (OTC) structure.

現貨比特幣ETF 的出現引發了相當大的機構需求，將比特幣推向了前所未有的高度，價格在3 月8 日突破了7 萬美元大關。3 月8 日，比特幣ETF 的資產飆升至驚人的280 億美元，其中不包括來自Grayscale 比特幣信託的資產。一月份從先前的場外交易 (OTC) 結構轉變為 ETF。

Rumors have circulated on social media platforms regarding shortages of Bitcoin on OTC trading platforms, prompting them to resort to public exchanges to fulfill client orders. OTC desks, catering primarily to large-volume traders, including institutional investors, have faced increased pressure amid the heightened trading activity surrounding Bitcoin.

有關場外交易平台上比特幣短缺的謠言在社群媒體平台上流傳，促使他們求助於公共交易所來履行客戶訂單。主要服務於包括機構投資者在內的大額交易者的場外交易櫃檯在圍繞比特幣的交易活動加劇的情況下面臨著越來越大的壓力。

Memecoin mania sweeps across the crypto market

Consequently, several centralized crypto exchanges, such as Binance, Coinbase, Kraken, and Bybit, experienced temporary outages following Bitcoin’s surge past the $60,000 threshold. In response to the surge in demand, Crypto.com CEO Kris Marszalek announced the recruitment of an additional 480 customer representatives to address the influx of inquiries and support requests from users.

Memecoin 熱潮席捲了整個加密貨幣市場。因此，在比特幣飆升至超過 60,000 美元門檻後，Binance、Coinbase、Kraken 和 Bybit 等多家中心化加密貨幣交易所經歷了暫時的中斷。為了因應需求激增，Crypto.com 執行長 Kris Marszalek 宣布額外招募 480 名客戶代表，以解決用戶大量湧入的查詢和支援請求。

The rapid price fluctuations in Bitcoin have compelled algorithmic trading firms to significantly ramp up the rate of order placements and cancellations to effectively manage their positions, according to Ivo Crnkovic-Rubsamen, the chief strategy officer and technical lead for trading at the dYdX exchange.

dYdX 交易所首席策略長兼交易技術負責人 Ivo Crnkovic-Rubsamen 表示，比特幣價格的快速波動迫使演算法交易公司大幅提高下單和取消訂單的速度，以有效管理其頭寸。

Bitcoin’s meteoric rise has also triggered a surge in the prices of memecoins in recent days. Korra (KORRA) leads the charge with an astounding 577% increase in the last seven days, followed by Ribbit (RIBBIT) with a 235% surge and PUG AI (PUGAI) with a 232% jump during the same period. Additionally, popular tokens such as Shiba Inu and Pepe have experienced notable gains of 168% and 165%, respectively.

比特幣的快速上漲也引發了近幾天模因幣價格的飆升。 Korra (KORRA) 在過去 7 天內以驚人的 577% 漲幅領先，其次是 Ribbit (RIBBIT)，上漲 235%，PUG AI (PUGAI) 同期上漲 232%。此外，Shiba Inu 和 Pepe 等熱門代幣的漲幅分別達到 168% 和 165%。

The cumulative market capitalization of memecoins currently stands at $61 billion, as per Bitget data. Consequently, Dogecoin and SHIB have emerged among the top 1 tokens by market cap, boasting $26 billion and $20 billion, respectively. The recent surge in demand for Bitcoin, coupled with the ensuing positive sentiment in the crypto markets, has catalyzed significant developments across various sectors of the cryptocurrency industry, including DeFi, institutional investment, and the memecoin market.

根據 Bitget 的數據，memecoin 的累積市值目前為 610 億美元。因此，狗狗幣和 SHIB 躋身市值排名前 1 名的代幣之列，分別擁有 260 億美元和 200 億美元。最近對比特幣的需求激增，加上加密貨幣市場隨之而來的正面情緒，促進了加密貨幣行業各個領域的重大發展，包括 DeFi、機構投資和 memecoin 市場。