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.

最近对比特币的需求激增在整个加密货币行业引发了连锁反应，尤其影响了围绕去中心化金融（DeFi）协议的情绪。 DefiLlama 最新数据显示，3 月 9 日，DeFi 协议锁定总价值（TVL）飙升至 1000 亿美元大关，过去 24 小时内交易量超过 100 亿美元。

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 出现显着增长虽然这一激增标志着一个重要的里程碑，但仍低于 2021 年 11 月创下的 1890 亿美元的历史新高。在锁定资本方面处于领先地位的是流动质押协议 Lido，其锁定资金高达 387 亿美元，令人印象深刻。链。 EigenLayer 是一个著名的质押生态系统，紧随其后的是 Aave 协议，两者都获得了超过 110 亿美元的锁定资本。

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 活动的激增标志着显着的回归，TVL 近两年来首次突破 1000 亿美元大关。 DeFi 参与度的上升很大程度上归因于加密货币市场重新出现的积极情绪，这主要是由 1 月份推出现货比特币交易所交易基金 (ETF) 推动的。

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.

现货比特币 ETF 的出现引发了相当大的机构需求，将比特币推向了前所未有的高度，价格在 3 月 8 日突破了 7 万美元大关。 3 月 8 日，比特币 ETF 的资产飙升至惊人的 280 亿美元，其中不包括来自 Grayscale 比特币信托的资产。一月份从之前的场外交易 (OTC) 结构转变为 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.

有关场外交易平台上比特币短缺的谣言在社交媒体平台上流传，促使他们求助于公共交易所来履行客户订单。主要服务于包括机构投资者在内的大额交易者的场外交易柜台在围绕比特币的交易活动加剧的情况下面临着越来越大的压力。

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 热潮席卷了整个加密货币市场。因此，在比特币飙升至超过 60,000 美元门槛后，Binance、Coinbase、Kraken 和 Bybit 等多家中心化加密货币交易所经历了暂时的中断。为了应对需求激增，Crypto.com 首席执行官 Kris Marszalek 宣布额外招聘 480 名客户代表，以解决用户大量涌入的查询和支持请求。

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 交易所首席战略官兼交易技术负责人 Ivo Crnkovic-Rubsamen 表示，比特币价格的快速波动迫使算法交易公司大幅提高下单和取消订单的速度，以有效管理其头寸。

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.

比特币的迅速上涨也引发了近几天模因币价格的飙升。 Korra (KORRA) 在过去 7 天内以惊人的 577% 涨幅领跑，其次是 Ribbit (RIBBIT)，上涨 235%，PUG AI (PUGAI) 同期上涨 232%。此外，Shiba Inu 和 Pepe 等热门代币的涨幅分别达到 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.

根据 Bitget 的数据，memecoin 的累计市值目前为 610 亿美元。因此，狗狗币和 SHIB 跻身市值排名前 1 的代币之列，分别拥有 260 亿美元和 200 亿美元。最近对比特币的需求激增，加上加密货币市场随之而来的积极情绪，促进了加密货币行业各个领域的重大发展，包括 DeFi、机构投资和 memecoin 市场。