Gate Research Institute: Hyperliquid has become the company with the highest per capita revenue in the world | Wormhole plans to acquire StarGate at a high price

Encryption Asset Overview

BTC (+0.56% | Current Price 114,130 USDT)

BTC has risen by 0.56% in the past 24 hours. After stabilizing above $112,000, BTC has started to rebound, with short-term resistance at $115,000. From the perspective of trading volume, BTC's trading volume has decreased recently. The MACD indicator has not formed a "golden cross" or "death cross" pattern in the short term, and the market continues to observe.

In addition, on August 20, BTC ETF saw an outflow of $315 million, with BlackRock's IBIT experiencing an outflow of $220 million and Ark Invest's ARKB seeing an outflow of $75.7 million.

ETH (+3.95% | Current price 4,306 USDT)

ETH has risen by 3.95% in the past 24 hours, mainly driven by a technical oversold correction and institutional funds entering at lower prices. However, it still faces pressure from key technical resistance levels at $4,350 and $4,660 during this period.

On August 20, $240 million flowed out of ETH ETFs, of which $257 million was from ETHA issued by BlackRock.

GT (-5.41% | Current Price 17.79USDT)

In the past 24 hours, the price of the GT token has dropped by 5.41%. This pullback is mainly influenced by a profit-taking in the overall platform token sector and fluctuations in short-term market sentiment. At the same time, the trading volume of GT has increased in the last 24 hours, with a trend of short-term moving averages breaking upwards through long-term moving averages.

Daily Price Fluctuation Tokens

Most tokens rose yesterday, and market sentiment improved. Among them, MEME led the entire encryption market with a 32.41% increase, becoming the market focus; tokens such as CFX, MORPHO, and LINK all saw increases exceeding 9%. In the Top 100 tokens, the median change in token prices over the past 24 hours was an increase of 2.92%.

CFX Conflux (+11.63%, circulating market value 964 million USD)

According to the Gate.io market data, the current price of the CFX token is 0.188 USD, with a 24-hour increase of 11.63%.

Conflux is a high-throughput public blockchain based on Proof of Work and a layered consensus mechanism, designed to address issues such as throughput, scalability, and security that current blockchain networks face. Conflux employs a layered consensus protocol called "Tree-Graph," which allocates transactions to different sub-chains for processing, thereby enhancing the system's throughput and performance. Conflux also supports smart contracts and decentralized applications (DApps) and provides a range of development tools and SDKs to assist developers in building applications based on Conflux.

The price of CFX tokens has increased by more than 10% in the past 24 hours, mainly due to major cryptocurrency exchanges announcing support for CFX perpetual contracts, which has boosted market confidence and trading volume. Additionally, the continuous development of the Conflux ecosystem and collaborations with traditional Chinese financial institutions (such as cross-border payment pilots) may also have provided momentum for the price increase.

MORPHO Morpho (+11.46%, Circulating Market Cap 740 million USD)

According to Gate.io market data, the current price of MORPHO token is $2.26, with a 24-hour increase of 11.46%.

Morpho is a lending protocol that combines the current liquidity pool model used in Compound or AAVE with the capital efficiency of a P2P matching engine used in order books. Morpho-Compound improves upon Compound by offering the same user experience, the same liquidity, and the same liquidation parameters, but increases APY due to peer-to-peer matching.

The price of MORPHO tokens has seen a significant increase in the past 24 hours, potentially driven by innovations in its decentralized finance (DeFi) protocols, particularly the application of decentralized Sequencer and zero-knowledge (ZK) technology, which have reduced transaction costs and improved efficiency. Discussions on social media about Morpho reshaping on-chain finance have further sparked market interest and attracted investor attention.

LINK Chainlink (+9.30%, circulating market cap 17.516 billion USD)

According to Gate.io market data, the current price of LINK token is $25.83, with a 24-hour increase of 9.30%.

Chainlink is a decentralized oracle network that runs on the Ethereum network, designed to bring off-chain real-world data into smart contracts. In simple terms, it provides the "eyes and ears" of the blockchain world, able to relay data such as financial market prices, weather data, sports match results, and more in real-time. The project was founded by Sergey Nazarov in 2017 and officially launched its mainnet in 2019. Its native token is LINK, which is used for paying node service fees, staking collateral, and governance incentives.

The price of LINK tokens has increased in the last 24 hours, mainly due to the overall recovery of the cryptocurrency market and the potential adoption of Chainlink's data services by institutions, which may also have driven price performance.

Daily New Investment

New Subscription Details

Subscription Project: Rekt

Token Name: REKTCOIN

New issuance time: until September 3, 2025, 20:00 (UTC+8)

Participation Method: Stake BTC, GT, REKTCOIN to receive for free

Total airdrop amount: 577,777,777,778 PUBLIC

Project Introduction

The REKT project is a community-driven ecosystem based on memes, integrating art, culture, and consumer products like Rekt Drinks. Its target customers are cryptocurrency enthusiasts and collectors who are digitally savvy and culturally engaged.

Hotspot Interpretation

Hyperliquid is currently the company with the highest per capita revenue in the world.

Hyperliquid has now become the company with the highest per capita revenue globally, with an annualized per capita income of up to 102 million dollars. According to a recent interview with Jeff, Hyperliquid consists of 11 core members, and based on data from the past 30 days, its annualized revenue is approximately 1.127 billion dollars.

Hyperliquid has become a benchmark in the global business sector with its impressive per capita revenue performance. This achievement not only highlights its efficient business model and technological innovation capabilities but also underscores the immense potential of a small yet agile team in the high-tech financial sector. This event redefines the ceiling of enterprise efficiency, challenges the scalability logic of traditional large enterprises, and sets a benchmark for startups, proving that streamlined teams can achieve exponential growth through technological innovation. Looking ahead, Hyperliquid's success may further promote the development of the blockchain and DeFi industries, attracting more capital and talent into this field.

Wormhole plans to make a high-priced acquisition of StarGate and requests to suspend the "LayerZero acquisition of STG" vote.

According to the announcement from the Wormhole Foundation, LayerZero proposed to acquire StarGate (STG) for approximately $110 million in ZRO, but Wormhole believes that this offer undervalues the assets and growth of the StarGate protocol. StarGate's bridging volume in July reached $4 billion, a tenfold year-on-year increase, with a TVL of $345 million and an expected annual revenue of $2 million. Wormhole plans to submit a higher offer and requests a pause on the current Snapshot vote for 5 business days to refine the bidding process and protect the interests of STG holders.

The strong growth demonstrated by the StarGate protocol highlights its core competitiveness and market potential in the cross-chain bridging field. Although LayerZero's acquisition offer is attractive, Wormhole's opposition and higher bidding plans reflect the strategic value of StarGate as a premium asset, potentially triggering fierce competition for key infrastructure within the DeFi sector. This event not only underscores the importance of cross-chain protocols in the blockchain ecosystem but also indicates that the market's valuation expectations for high-quality DeFi projects are rapidly rising.

MANTRA proposed to abolish ERC20 OM, intending to adjust the token inflation rate to 8%.

MANTRA Chain is proposing to abolish the ERC 20 version of the OM token and plans to fully migrate it to MANTRA Chain as the sole native foundation. This proposal aims to promote ecological development by consolidating liquidity, adjusting the token inflation rate to 8%, setting a supply cap of 2.5 billion OM, and enhancing network security. It is reported that since the launch of the MANTRA Chain mainnet, approximately 250 million OM have been successfully migrated. If the proposal is passed, the ERC 20 OM token will officially be deprecated on January 15, 2026, and any ERC 20 OM tokens that have not completed migration will be considered abandoned.

MANTRA Chain proposes to abolish the ERC 20 version of the OM token and fully migrate it to its own chain, marking an important transformation for the project in the construction of a decentralized ecosystem. This initiative aims to optimize the token economic model and enhance network security by integrating liquidity, setting a supply cap of 2.5 billion OM, and adjusting the inflation rate to 8%, demonstrating MANTRA Chain's strategic consideration for long-term sustainable development.
Reference Material:


[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate shall not be liable for any losses or damages arising from such investment decisions.

HYPE-4.75%
W-3.68%
STG-4.23%
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