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In July 2025, Ethereum saw a simultaneous rebound in on-chain activity and capital inflows, with transaction volume reaching a record high. Solana and Base led Layer 1 and Layer 2 respectively, showcasing high-frequency interactions and strong ecosystem stickiness. Bitcoin’s realized market cap hit a new all-time high, though short-term consolidation may follow. WorldChain attracted over $100 million in inflows as its ecosystem rapidly took shape. LetsBonk.fun’s token launch market share exceeded 70%, surpassing Pump.fun, while Ethena’s stablecoin TVL rose to $8.4 billion, maintaining its lead in the sector.

Gate Research Daily Report: On August 7, the crypto market extended its rebound, with BTC maintaining a short-term uptrend and ETH leading major tokens by breaking above 3,900 USDT on strong volume. U.S. President Trump signed a crypto-friendly banking order and appointed Miran as a Federal Reserve governor. Meanwhile, Hong Kong launched its RWA registration platform and initiated three Web3 standardization projects. The SEC and Ripple ended their legal dispute, finalizing the ruling that XRP is not a security in secondary markets. Concept tokens saw strong momentum: PENDLE rose 28.4% thanks to HyperEVM’s yield pool surpassing $100 million in TVL; ZORA jumped 34.2% driven by creator economy campaigns with Base and Polcom; ORCA gained 21.1% following the launch of Wavebreak and new buyback proposals.

Gate Research Weekly Report: This week, altcoins showed a slow downward trend, with the median drop among the Top 100 cryptocurrencies reaching 6.07%.Circle partnered with Corpay to support stablecoin payments for enterprise transactions.PancakeSwap launched perpetual contracts for U.S. stocks.Ethereum dApps have generated nearly $26.8 billion in cumulative revenue, with daily transactions nearing all-time highs.Gate's derivatives trading volume in July grew by 46.5% month-over-month, pushing its market share up to 11%.Pump.fun launched 13,690 new tokens in the past 24 hours, surpassing LetsBonk, though it still lags slightly in daily trading volume.

Gate Research Daily Report: On August 6, BTC and ETH showed weak, range-bound performance, with market sentiment turning cautious. The U.S. SEC clarified that certain forms of liquid staking do not constitute securities, paving the way for ETH spot ETFs to potentially include staking mechanisms. AMINA Bank became the first regulated bank to support trading and custody services for SUI. Meanwhile, Mantle saw strong capital inflows, with its stablecoin market cap rising nearly 23% over the past week. The Web3 gaming sector showed notable strength—Illuvium launched a $250,000 pro league, pushing ILV up over 20%. Zebec introduced several crypto cards compatible with Apple Pay, sending ZBCN up 6%, while Saros initiated a token buyback and announced new ecosystem activities, driving SAROS up more than 5%.

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.

Gate Research Daily Report: On August 5th, BTC's price slightly decreased by 0.19% over the past 24 hours, with trading volume increasing, indicating high market activity. Technical analysis shows BTC stabilizing at the $114,000 support level. ETH rose by 2.39% in the last 24 hours. Technical analysis reveals an RSI of 72, suggesting overbought conditions. MACD shows a sell signal, but moving averages support a bullish trend. Crypto wallet Phantom announced the acquisition of Solsniper, an AI-based Memecoin trading platform on the Solana chain. Ethereum's on-chain monthly transaction volume exceeded $238 billion in July, a 70% increase month-over-month. This is also the highest monthly transaction volume since December 2021, reaching a new four-year high. Sei's daily active users surpassed Solana for the first time on August 2nd.

Gate Research: This report explores the classic Turtle Trading system and its applicability in the cryptocurrency market, with a focus on analyzing the design principles and empirical performance of the improved AdTurtle Turtle Trading system. By systematically backtesting historical GT/USDT data, it evaluates the performance of both the traditional and improved strategies in highly volatile markets, and summarizes their advantages, disadvantages, and directions for optimization.

Gate Research Daily Report: On August 4, BTC stabilized after a dip and rebounded to around 114,689.8 USDT. ETH is approaching the key resistance zone near 3,534.26 USDT.Fluid surpassed Uniswap in 24-hour trading volume on Ethereum mainnet for the first time. Base chain’s daily token issuance outpaced Solana. Zora ignited a boom in the on-chain creator economy. The stablecoin market cap rose by $1.78 billion last week, a 0.67% increase week-over-week.

Gate Research: From July 15 to July 28, 2025, the overall crypto market maintained a moderately bullish trend. BTC traded sideways at high levels with a stable structure, while ETH steadily climbed toward 4,000 USDT, showing relatively stronger short-term performance. In terms of volatility, BTC remained stable while ETH volatility increased, reflecting rising market divergence. Long-short ratios and funding rates declined to a more neutral-to-cautious zone, with open interest staying elevated. Leverage growth was more notable on ETH. Liquidation activity remained relatively rational, with long liquidations peaking at $630 million on July 23, indicating a high-level flush that helped release upward momentum. On the quantitative strategy side, a MACD trend-following strategy achieved over 150% returns trading SUI, demonstrating strong short-term trading potential.

Gate Research Daily Report: On August 1st, BTC fell by approximately 2.10% over the past 24 hours, forming a bearish candlestick pattern with a lower wick indicating limited buying support at lower levels, while ETH prices dropped by about 3.79% in the past 24 hours, with an RSI of 69.8, nearing overbought territory and suggesting a potential short-term correction. Concurrently, the Ethereum Foundation (EF) officially published an article today titled "Lean Ethereum," authored by EF researcher Justin Drake, outlining a vision for Ethereum's development over the next decade. Separately, SEC Chairman Paul Atkins recently delivered a speech announcing the launch of a committee-level initiative called "Project Crypto," and Ethereum infrastructure protocol Puffer Finance announced that Puffer UniFi AVS has been upgraded.

Gate Research Institute recently published "Thoughts on Exodus Issuing Tokenized Stocks On-Chain", providing an in-depth analysis of Exodus' innovative practice of issuing tokenized stocks on-chain. The report explores multiple dimensions including technology, regulation, and market. Exodus utilized the high performance and convenient asset creation mechanism of the Algorand blockchain to successfully tokenize its stocks. In December 2024, Exodus received SEC approval to transfer to the NYSE, significantly improving asset liquidity. The report points out that the explosion of stock tokenization narrative in 2025 benefited from the promotion of crypto-friendly policies in the US. Non-crypto industry listed companies may have the opportunity to attract global capital through tokenized financing. The Exodus case not only verifies the feasibility of technology and regulation but also reveals the huge potential for listed companies to raise funds through on-chain additional issuance, paving a new path for the inte

Gate Research Weekly Report: This week, BTC fell 0.73% this week, briefly dipping below 116,000 USDT before quickly rebounding. ETH rose 5.47% with continued net inflows, outperforming major altcoins. ETH ETFs recorded a record $5.4 billion in net inflows in July, while The Ether Machine added 15,000 ETH, signaling on-chain alignment with institutional trends. Sui’s TVL climbed to $2.2 billion, doubling year-to-date, with monthly active addresses up over 130%. Solana DEX volume has dropped nearly 70% from its January peak, indicating a cooling of ecosystem activity. OpenSea launched Creator Studio 2.0 to enhance multi-chain publishing capabilities. EigenDA launched its V2 mainnet, boosting throughput by approximately 6.7x compared to V1. CBOE is advancing ETP listings for major tokens like SOL and XRP, with potential approval as early as Q4.

The latest report by Gate Research, titled "Hyperliquid's Dark Horse Journey: Unpacking the Rise of the On-Chain Derivatives Dominator", which provides a comprehensive analysis of how Hyperliquid rapidly evolved from a challenger into the dominant force in the on-chain derivatives market. With a commanding 80% market share, Hyperliquid now leads the sector. By developing its own Layer 1 chain, native order book, and ultra-fast infrastructure, it delivers a trading experience comparable to centralized exchanges, attracting a high concentration of professional traders and whale capital. This active trading not only fuels deep liquidity but also serves as a powerful "live advertisement." Coupled with a $620 million airdrop and anti-VC narrative, Hyperliquid successfully drove user growth and liquidity inflow. The launch of HyperEVM has further expanded its ecosystem and revenue streams, solidifying its position as a market leader.

Gate Research Daily Report: On July 30, BTC continued to consolidate sideways, while ETH showed relative strength with a mild upward move. Major altcoins saw mixed performance as the market maintained its pattern of sector rotation. The Bank of Korea established a virtual asset task force to support the institutionalization of Korean won stablecoin legislation. Meanwhile, eToro announced plans to launch tokenized U.S. stocks on Ethereum with 24/5 trading access, accelerating RWA integration. In the Linea ecosystem, DEX project Etherex will launch its native token REX on August 6, advancing liquidity infrastructure deployment.

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.