- Market Commentary: BTC fell 0.73% this week, briefly dipping below 116,000 USDT before rebounding quickly. ETH rose 5.47%, outperforming major altcoins with continued net inflows. Among altcoins, ENA and CFX saw weekly gains of over 33%, reflecting strong rotation in sectoral hotspots. On the macro front, the Federal Reserve held interest rates steady, while the three major U.S. stock indexes turned lower.
- This Week’s Highlights: Sui’s TVL surged to $2.2 billion, with monthly active addresses up over 130%, signaling continued ecosystem recovery. Solana DEX volume has dropped nearly 70% from its January peak, indicating cooling momentum. OpenSea launched Creator Studio 2.0, enhancing multi-chain publishing and creator tools. Modular DA project EigenDA deployed its V2 mainnet, increasing throughput by approximately 6.7x compared to V1. CBOE submitted a universal crypto ETP listing framework to the SEC, with SOL and XRP ETPs expected to launch as early as Q4, further advancing the tokenization of mainstream crypto assets.
- Key Data Points: Ethereum treasury strategy firm The Ether Machine added 15,000 ETH on-chain, bringing total holdings to 334,757 ETH—an increase valued at nearly $50 million. This move aligns with ETH ETFs recording their highest-ever monthly net inflow of $5.4 billion in July. Sui’s on-chain TVL hit a record $2.2 billion, with monthly active addresses rebounding more than 130%, supported by both ecosystem recovery and institutional interest. Solana DEX volume has declined nearly 70% from its YTD peak, though core infrastructure remains active.
- Market Opportunity: This week’s Launchpool spotlight is Aleo on Gate. Aleo is a privacy-focused smart contract platform based on zero-knowledge proofs, supporting off-chain execution for better scalability and privacy. Users can stake USDT or ALEO from July 31 at 12:00 to August 3 at 12:00 (UTC) to earn rewards, with an annualized yield of up to 1154.07%.
- Watch Next Week: Several major token unlocks are scheduled over the next 7 days. SUI will unlock tokens worth approximately $167 million (1.3% of circulating supply); ENA will unlock around $132 million (3.3%); and OP will unlock $22.35 million (1.8%), potentially contributing to short-term price volatility.
Discover more details today → Gate Research: OpenSea Launches Multichain Creation Platform Creator Studio 2.0 | Sui TVL Doubles to Hit New Yearly High
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 31, 2025
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