Gate Research Institute: Ethereum hits a historic high, BIO rises nearly 200% this week, igniting the DeSci track | Gate VIP Weekly Report

Highlights of Last Week's Market Overview

Alpha Mining: BTC continues its downward trend, oscillating weakly within the descending channel; ETH is relatively strong, still in an upward channel, with highs reaching $4,956, creating a historical new high before entering a consolidation phase. Among altcoins, the lending protocol Morpho has achieved a TVL exceeding $10 billion due to its unique design, with the token price rising over 26% weekly, while the leading Aave also maintained its strong market influence, increasing by 16.72%.

On-chain funds: Ethereum continues its strong momentum, with net inflows consistently ranking first. Driven by macro-positive factors such as the Federal Reserve's "dovish" remarks, ETH prices have reached new highs. Additionally, Bio Protocol (BIO), after launching its V2 version, has reignited market interest in DeSci with an innovative Launchpad and staking mechanism, achieving nearly 200% growth in a single week.

Macroeconomic Policy: Regulation and issuance of stablecoins enter a new phase, with Japan and the United States leading the way in promoting "government-backed" digital currency pilot programs.

This report will conduct an in-depth analysis of the aforementioned trends and provide detailed market data and technical interpretations. You are welcome to click to view the full report, accurately grasp market dynamics, obtain forward-looking strategic insights, and explore the next round of potential opportunities.

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