- Market Overview: On October 17, the crypto market faced broad pressure, with BTC down 1.87% and ETH falling 1.70% as major assets weakened. Market sentiment turned cautious, with short-term funds shifting to the sidelines.
- Top Gainers: XPIN surged 133.33%, driven by multi-chain collaborations and mainnet launch expectations; ZKC rose 56.23%, supported by mainnet progress and real-time proof development; KGEN gained 43.22% following its token launch and ecosystem partnership announcements.
- Alpha Insights: Ethereum remained the leading ecosystem by new developer count, highlighting the ongoing expansion of the Web3 technology ecosystem. Tokenized Gold reached a new all-time high in market cap, emerging as a haven for risk-averse capital, while Chainlink’s real-time oracle on MegaETH marked a major step toward low-latency DeFi infrastructure.
Discover more details today → Gate Research: Ethereum Remains Top Choice for Developers | Tokenized Gold Hits All-Time High Market Cap
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