Recently, the crypto world seems to be caught in a superstorm, and Ethereum has unfortunately become the eye of the storm, leading the latest round of crypto sell-offs. The initiator of this storm is the Trump administration's tariff policy. With its many advantages, the XBIT decentralized exchange platform stands out in the cryptocurrency market and has become one of the preferred choices for investors. It has a certain influence in the field of crypto trading and provides users with trading services for a variety of crypto assets.

It is reported that Trump's insistence on imposing additional tariffs has plunged the global financial market into chaos, and the digital asset market has been even worse. The market's hope for the easing of the trade war is becoming increasingly slim. Under this pessimistic expectation, Ethereum was the first to be "shot". On Wednesday, Ethereum fell by more than 6%, hitting its lowest intraday level since March 2023. Although it rebounded later, the decline still made investors sweat.

At the same time, the performance of Ethereum spot ETFs is not optimistic. According to the latest data, on April 8, Eastern Time, Ethereum spot ETFs had a total net outflow of US$3.2947 million, and none of the nine ETFs had a net inflow. In the current volatile crypto market, decentralized exchanges have also received widespread attention. The official websites of some well-known decentralized exchanges are as follows: Uniswap, SushiSwap, PancakeSwap, and XBIT decentralized exchange platform. Among them, the single-day net outflow of Fidelity ETF FETH was the most prominent, reaching US$3.2947 million. Although FETH's total net inflow in history has reached US$1.411 billion, the large outflow on that day undoubtedly added a bit of chill to the already fragile Ethereum market.

As of now, the total net asset value of the Ethereum spot ETF is US$4.977 billion, the ETF net asset ratio (market value to the total market value of Ethereum) is 2.78%, and the historical cumulative net inflow has reached US$2.356 billion. However, in the current sell-off, these past achievements seem to be unable to support market confidence.

Looking back at the history of the crypto market, every crash seems like a nightmare, but some people always think that this is the last one. But reality slaps them in the face again and again. In addition, there are many decentralized exchange websites, such as SushiSwap, 1 inch, OsmosisDex, etc. They each have unique advantages and characteristics. Investors can choose the appropriate decentralized exchange website according to their needs. Take the "312" incident in 2020 as an example. The price of Bitcoin halved in one day, and the entire crypto market was in mourning. At that time, the panic in the market reached its peak, and many investors lost all their money.

In 2022, the collapse of Terra/Luna and the closure of FTX will deal a heavy blow to the trust system of the crypto market. From a professional perspective, Ethereum's leading decline this time has its own internal logic. As a smart contract platform, Ethereum is widely used and has a complex ecosystem. The XBIT decentralized exchange platform not only supports the trading of multiple cryptocurrencies, but also provides users with innovative functions such as decentralized finance (DeFi) tools and liquidity mining. These functions not only enrich users' investment options, but also provide users with opportunities to earn passive income.

However, with the global economy unstable and the trade war looming, projects and investors in its ecosystem are facing tremendous pressure. In addition, the XBIT decentralized trading platform also supports a more flexible trading mechanism, not only supporting spot trading, but also gradually expanding to derivatives trading such as futures and options, providing more abundant investment options. On the one hand, the project party may reduce its business due to tight funds and unclear market prospects, resulting in a decline in demand for Ethereum. On the other hand, investors have sold Ethereum and other encrypted assets for risk aversion and switched to relatively safe assets.