- Market Overview: This week, BTC rose 6.33%, underperforming altcoins overall. After breakthroughs of the $120,000 integer, the 7-day K-line showed a "cup and handle" pattern. ETH surged 20.77%, outperforming BTC and other mainstream cryptocurrencies. From a K-line perspective, ETH showed multiple bullish candles advancing side by side on the 1-hour chart. In terms of ETF capital flows, both BTC and ETH spot ETFs have achieved net inflows for over 7 days, demonstrating institutional confidence in the future market. Altcoins generally showed a significant uptrend this week, with a median increase of 12.31% among the top 100 cryptocurrencies over the past 7 days. PENGU led the altcoin rally with a 99.40% gain over the past 7 days.
- This Week’s Highlights: Tether CEO Paolo Ardoino announced on X platform that USDT market cap has exceeded $160 billion, setting a new record high. Orca, a liquidity protocol in the Solana ecosystem, plans to launch its new Launchpad in late July or early August. Aethir, a decentralized GPU cloud network, partnered with lending protocol Credible Finance to launch the first DePIN credit card and loan product.
- Key Data Points: The Total Value Locked (TVL) of decentralized lending protocol Aave recently surpassed $30.277 billion, setting a new all-time high. Pump.fun currently leads Solana's token launch platforms with a 46.9% market share, while Letsbonk ranks second with 44.1%, the two nearly splitting the market. According to the Q2 2025 DeFi report released by Sui Foundation, the Sui ecosystem showed strong growth this quarter: the chain-wide TVL reached a new high of $2.555 billion on May 21.
- Market Opportunity: This week, attention can be paid to the Gate Launchpool project Vision (VSN). The subscription period ends on July 23 at 12:00 (UTC). This Launchpool supports staking of both USDT and VSN tokens. The total mining reward is 409,091 VSN.
- Next Week’s Watchlist: In the coming 7 days, there will be token unlock events for several projects: TRUMP will unlock approximately $890 million worth of tokens, accounting for 45.3% of the circulating supply. FTN will unlock $90.2 million, representing 4.6% of the total supply.
Discover more details today → Gate Research: Aave TVL Hits All-Time High Surpassing $30B | Pump.Fun Regains Top Market Share
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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 17, 2025
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