Research

Gate Research Daily Report: On August 13, BTC consolidated near $119,000; ETH broke above $4,600 with a 7.09% gain; and GT recovered to $16.745. Aave’s outstanding borrowings exceeded $25 billion, marking a record high and reflecting a notable rebound in DeFi lending demand. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoin and institutional-grade financial use cases, with a public testnet planned for the fall. RWA-focused blockchain MANTRA Chain achieved full EVM compatibility on its testnet and is scheduled to launch its mainnet in September.

Gate Research Daily Report: On August 14, BTC broke above $124,400 to set a new all-time high; ETH held firmly above $4,700; and GT consolidated around $17.8, remaining in a short-term range-bound pattern. The total cryptocurrency market capitalization climbed to a record $4.21 trillion, with Bitcoin’s market cap surpassing Alphabet to rank fifth among global assets. Ethereum search interest reached its highest level since 2021, with on-chain activity and capital inflows jointly driving price strength. Base’s on-chain DEX daily trading volume exceeded $2 billion for the first time, highlighting the growing trading activity and capital capacity of the Layer 2 ecosystem.

Gate Research Daily Report: On August 13, BTC consolidated near $119,000; ETH broke above $4,600 with a 7.09% gain; and GT recovered to $16.745. Aave’s outstanding borrowings exceeded $25 billion, marking a record high and reflecting a notable rebound in DeFi lending demand. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoin and institutional-grade financial use cases, with a public testnet planned for the fall. RWA-focused blockchain MANTRA Chain achieved full EVM compatibility on its testnet and is scheduled to launch its mainnet in September.

Last week, Lido DAO (LDO) surged over 62% in 7 days, fueled by Ethereum's strong price rally and institutional custody support. Aerodrome Finance (AERO) gained nearly 49%, boosted by liquidity expansion on the Base network. Base led inflows with a net $80.3 million, reversing its previous streak of outflows. Driven by SocialFi and the creator economy, its TVL has surpassed $4.6 billion, establishing a multi-layered closed loop of trading, content, and social interaction.

Gate Research Daily Report: On August 11, BTC surpassed the $121,200 mark; ETH broke through the $4,349.81 resistance level; GT rebounded to around $16.96; and ZKJ stood out with a remarkable 79.47% surge. In the Solana ecosystem, the meme coin launchpad BAGS exceeded letsBONK.fun in seven-day revenue. Bitcoin’s market cap surpassed Amazon’s to rank sixth globally, while the total cryptocurrency market cap hit a new high above $4.1 trillion. Additionally, the LayerZero Foundation proposed a $110 million acquisition of the Stargate cross-chain bridge and its token STG.

Last week, MemeCore (M) and Conflux (CFX), which is set for a v3.0 upgrade, showed strong performance with gains of 39.37% and 13.95% respectively. Arbitrum saw a net inflow of $68.1 million, driven by its cooperation with PayPal and its push into the RWA field. Meanwhile, Avalanche recorded a significant TVL increase and a net inflow of $30.1 million, fueled by Visa support and growing institutional involvement in the RWA field.

Last week, Pudgy Penguins (PENGU) surged nearly 40%, driven by the expanding influence of its IP and strong social media marketing. Ethena (ENA) also posted a gain of over 31%, fueled by the launch of its USDtb stablecoin and aggressive whale accumulation. WorldChain recorded a net inflow of $116 million for the week, with its TVL soaring 32.64% and daily active addresses doubling. Meanwhile, the Sui ecosystem staged a strong rebound, with TVL doubling to $4.4 billion and daily active addresses jumping to 2.6 million.

Last week, the U.S. Congress passed several pieces of cryptocurrency legislation. Conflux (CFX) surged by 111.98%, driven by the release of its 3.0 version and the "Belt and Road Initiative (BRI)" settlement pilot program. Tezos (XTZ) also saw a significant gain of 66.46% amid rising ecosystem activity. Ethereum's institutional adoption is accelerating, fueled by capital inflows, progress on ETF approvals, and growing staking volumes. Meanwhile, Aave's TVL exceeded $33.5 billion, reaching an all-time high.

Last week, MemeCore (M) surged over 550%, driven by multiple exchange listings and strategic partnerships, while Stellar (XLM) also posted gains exceeding 100%, supported by protocol upgrades and increased ecosystem activity. Sei Network’s native USDC launch helped its token price jump nearly 35% for the week. Meanwhile, Letsbonk.Fun overtook Pump.fun thanks to lower participation thresholds; despite a decline in traffic, Pump.fun still successfully raised $500 million through its PUMP token presale.

Last week, BTC consolidated at high levels, with its next move yet to be confirmed, while ETH remained range-bound, gearing up for a potential breakout. The altcoin sector showed strong performance—PENGU surged over 62% in a week, fueled by ETF application news and whale orders. ARB surged over 35%, fueled by momentum from trending ecosystem projects. Solana is seeing renewed capital inflows, while the Sei network is gaining serious momentum, fueled by ETF hype, stablecoin utility, and growing institutional presence.

As the crypto market shifts into a phase of stock-based competition and regulatory refinement, exchanges are transitioning from traffic-driven growth to user value–oriented strategies. Gate has launched a revamped VIP program that spans five key areas—trading, wealth management, fiat services, brand privileges, and customer support—to build a high-retention, multi-tiered user ecosystem. Compared to its peers, Gate offers a more flexible tier structure and comprehensive exclusive benefits, including 100% spot fee discounts, up to 400 sub-accounts, and fiat withdrawal privileges, precisely targeting high-net-worth and institutional users while reinforcing its resilience in market cycles.

This week both BTC and ETH remain in weak, sideways patterns—on-chain capital flows and the performance of structurally promising assets reveal encouraging signs and potential turning points within the market. Emerging L2 ecosystems like the Base chain attracted substantial net inflows, while tokens with clear narratives and improving fundamentals such as Hyperliquid and Kaia rallied against the trend, indicating that capital is seeking reliable themes amid macro headwinds.

Gate Research Daily Report: On May 19, BTC and ETH remain range-bound, with short-term sideways movements expected; Altcoins show mixed performances, Kaito records short-term gains; PayFi network Huma proposes strategic alliance with JupiterDAO; Texas State moves ahead with Bitcoin reserve bill.

Gate Research: This weekly report summarizes key blockchain industry developments from April 18-24, 2025. Solana's DEX trading volume reached $16.2B, surpassing Ethereum for the first time. Circle launched a stablecoin cross-border payment network, ushering in a new era of global real-time settlement. The Ethereum Foundation restructured its strategy to accelerate core protocol upgrades and address performance bottlenecks. Base chain experienced a surge in token issuance, while Eliza Labs launched the AI agent platform Auto-Fun to optimize token incentive mechanisms. Hyperliquid initiated a permissionless node validation mechanism, and Floki partnered with Rice Robotics to develop AI data markets. These multi-chain ecosystem innovations are driving the blockchain industry into a new phase.

Gate Research (April 18 – 24, 2025): This report provides a comprehensive analysis of significant developments in the cryptocurrency market and macroeconomic environment. On April 18, the Slovenian Ministry of Finance proposed a draft bill to impose a 25% tax on crypto transactions. On April 22, the Bank of Korea announced plans to advance stablecoin regulatory legislation and establish a comprehensive compliance framework. The Eurozone's preliminary consumer confidence index for April dropped to -16.7, falling short of expectations. On April 23, U.S.-China trade tensions eased as President Trump stated he would “substantially lower” the current 145% tariffs on China. The U.S. April Markit Composite PMI hit a 16-month low, though manufacturing outperformed expectations. JD's stablecoin project entered the regulatory sandbox testing phase in Hong Kong.