- Market Commentary: BTC rose 2.10% this week, maintaining a short-term bullish structure with potential to test the $118,000 level. ETH gained 0.56%, showing a mild recovery while remaining in a consolidation phase. Among altcoins, EIGEN, KMNO, and DRIFT stood out with weekly gains of 24.4%, 23.2%, and 17.1% respectively.
- Weekly Highlights: DeFi Development increased its SOL holdings by another 60,000, pushing total holdings beyond 2 million. Wormhole launched W Token 2.0, introducing a reserve mechanism and biweekly unlock schedule to enhance transparency. TNL Mediagene rolled out its digital asset treasury strategy, with allocations limited to BTC, ETH, and SOL, and a dedicated advisory board to oversee regulatory compliance.
- Data Highlights: Driven by treasury-related momentum, Solana surged over 10% in the past 7 days, with its TVL reaching $12.9 billion. DEX's volume for the week exceeded $33.7 billion, daily on-chain transactions neared 65 million, and active addresses surpassed 2.47 million. Jito’s TVL rose nearly 12% amid growing demand for liquid staking. The Altcoin Season Index hit 73, approaching the threshold for a full altcoin season, with capital rotating out of BTC into altcoins.
- Next Week to Watch: OP, ZRO, and VELO are set to unlock approximately $9.46M, $5.14M, and $4.66M in tokens respectively over the next 7 days, representing 6.5%, 23.2%, and 17.1% of their circulating supply, which may exert short-term selling pressure.
Discover more details today → Gate Research: Altcoin Market Heats Up | DeFi Development’s SOL Holdings Surpass 2 Million
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