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The report also reviews representative ecosystem projects and innovation cases—including DeFi, NFTs, stablecoins, and cross-chain protocols—demonstrating how Ethereum’s technical upgrades and application deployment have been closely intertwined. Over ten years, this process has formed an evolutionary loop of “demand-driven growth → innovation → standardization → economic optimization → sustainable development.”

On August 27, the crypto market saw a volatile rebound with major tokens broadly rising. Google Cloud launched its financial-grade Layer 1 blockchain, GCUL, aiming to set a new standard for on-chain financial infrastructure. Aave’s TVL reached a record high, approaching the scale of a top-50 U.S. commercial bank, highlighting the growing potential of DeFi as a traditional finance alternative. Among top-performing tokens, IP rose 10.82% driven by momentum in AI-powered creator economies, AURORA surged 69.12% on ecosystem expansion and a stablecoin chain proposal, and NMR jumped 134.25% following institutional interest and its positioning as an AI hedge fund narrative.

Gate Research Daily Report: On August 27, the crypto market rebounded amid volatility, with major tokens generally rising. Google Cloud launched its financial-grade Layer 1 chain, GCUL, signaling its ambition to establish a new standard for financial infrastructure. Aave’s TVL reached an all-time high, positioning the DeFi leader on par with the top 50 commercial banks in the U.S., highlighting the growing potential of on-chain financial alternatives. Among trending tokens, IP surged 10.82%, AURORA jumped 69.12%, and NMR soared 134.25%, driven respectively by AI-generated content narratives, ecosystem proposals, and institutional interest.

Last week, lending protocol Morpho surpassed $10 billion in TVL thanks to its unique design, with its token price gaining over 26%. Market leader Aave also maintained strong momentum, rising 16.72%. Ethereum continued to attract the highest net inflows and hit a new all-time high, fueled by dovish remarks from the Federal Reserve and other macro tailwinds. Bio Protocol (BIO) surged nearly 200% in a single week, reigniting market interest in the DeSci sector.

Gate Research Daily Report: On August 26, BTC price fell below the 26-day moving average, but institutions continued to buy. ETH entered a correction phase after experiencing a significant surge in the early hours of August 25. FLOCK token rose 28.48% in the past 24 hours; OMI token rose 91.22% in the past 24 hours. Japan’s largest Web3 event was held in Tokyo, where Gate CEO Han Lin emphasized that large-scale adoption of Web3 is inevitable.

Gate Research Daily Report: On August 25, BTC was trading around $112,800, remaining in a broadly downward and volatile pattern; ETH’s short-term trend entered a consolidation phase, navigating between key support and resistance levels; GT was priced around $17.54, showing a recent pattern of rallying and then pulling back. Meanwhile, tokens such as NEON (+46.89%) and QTUM (+33.25%) saw explosive gains, indicating strong capital inflows into niche sectors.USDC usage on the Ethereum network reached an all-time high, with monthly transfer volume hitting $74.83 billion. The Hong Kong Monetary Authority will implement the Basel crypto asset capital requirements starting January 1, 2026. Additionally, SBI Group partnered with Chainlink to accelerate the adoption of digital assets among global institutional players.

Gate Research Daily Report: On August 25, BTC was trading around $112,800, remaining in a short-term downward consolidation pattern; ETH has entered a consolidation phase, navigating a critical support and resistance range.USDC usage on the Ethereum network reached a record high, with monthly transaction volume hitting $748.3 billion; the Hong Kong Monetary Authority will implement Basel’s new crypto-asset capital requirements starting January 1, 2026; SBI Group partnered with Chainlink to accelerate institutional adoption of digital assets globally.

Gate Research Daily Report: On August 21, BTC's price rose 0.56% over the past 24 hours. After stabilizing at $112,000, BTC began a counterattack upward, with short-term resistance at $115,000. ETH surged 3.95% in the past 24 hours, driven by a technical oversold correction and institutional capital buying on dips. Hyperliquid has become the world's highest per-capita revenue company, with an annualized per-capita income of $102 million. According to the Wormhole Foundation, LayerZero proposed to acquire Stargate (STG) for approximately $110 million in ZRO, but Wormhole believes this offer undervalues Stargate’s protocol assets and growth potential. MANTRA Chain is proposing to phase out the ERC-20 version of the OM token, planning to fully migrate it to MANTRA Chain as its sole native base.

Gate Research Daily Report: On August 22, after a period of decline, BTC entered a sideways consolidation phase with low trading volume; ETH regained its upward momentum following a brief pullback. The BIO token surged 23.50% in the past 24 hours. YZY was launched solely in a single-sided liquidity pool without a USDC pair, raising investor concerns about potential “insider trading.” Additionally, users who signed fake Uniswap transaction requests suffered losses of approximately $1 million.

Gate Research: From August 5 to August 18, 2025, the cryptocurrency market as a whole maintained a high-level consolidation pattern, with major coins showing relatively strong technical structures. Supported by ETF net inflows, ETH outperformed BTC in price action. Both the long-short ratio and funding rates declined in tandem, reflecting a weakening willingness to chase long positions and a more cautious market sentiment, with short-term movements leaning toward structural consolidation. While open interest and funding rates remained elevated, they did not reach overheated levels, suggesting that leverage structures were still healthy. Liquidation activity was moderate, helping to cleanse market sentiment and build momentum for subsequent moves. On the quantitative strategy side, the moving average breakout strategy generated over 285% returns in SUI, demonstrating strong potential for short-term trading.

Gate Research Daily Report: On August 21, BTC's price rose 0.56% over the past 24 hours. After stabilizing at $112,000, BTC began a counterattack upward, with short-term resistance at $115,000. ETH surged 3.95% in the past 24 hours, driven by a technical oversold correction and institutional capital buying on dips. Hyperliquid has become the world's highest per-capita revenue company, with an annualized per-capita income of $102 million. According to the Wormhole Foundation, LayerZero proposed to acquire Stargate (STG) for approximately $110 million in ZRO, but Wormhole believes this offer undervalues Stargate’s protocol assets and growth potential. MANTRA Chain is proposing to phase out the ERC-20 version of the OM token, planning to fully migrate it to MANTRA Chain as its sole native base.

Gate Research Weekly Report: This week, BTC and ETH fell by 7.58% and 9.81% respectively, as cryptocurrencies entered a period of adjustment following a significant rally. U.S. Retail sales in July increased by 0.5% month-over-month, marking the second consecutive month of notable growth. Wormhole plans to acquire Stargate at a high price, requesting a suspension of the "LayerZero acquisition of STG" vote. MANTRA proposes to abolish ERC20 OM and adjust the token inflation rate to 8%. Bitlayer's active addresses have increased by 118% over the past 7 days, with its TVL ranking rising to the top position in the BTC L2 track. The outstanding loan volume in CeFi has reached $17.78 billion, a 14.66% increase compared to the previous period.

Gate Research Daily Report: On August 20, the crypto market broadly entered a downward correction phase, with both BTC and ETH weakening. The state of Wyoming launched FRNT, the first state-issued stablecoin in the U.S., marking a pioneering attempt in public sector digital currencies. Solana led globally in fee stability, with its FSR far exceeding other major blockchains. Meanwhile, 1inch introduced native cross-chain swaps between Solana and EVM chains, enhancing user experience and security. Performance among narrative tokens was mixed: MNT rose 6.2% driven by ecosystem incentives and community engagement; MORPHO gained 2.5% thanks to multi-platform integration and updated yield products; LDO remained resilient, reflecting continued momentum in liquid staking.

Gate Research Daily Report: On August 20, the crypto market broadly entered a downward correction phase, with both BTC and ETH weakening. The state of Wyoming launched FRNT, the first state-issued stablecoin in the U.S., marking a pioneering attempt in public sector digital currencies. Solana led globally in fee stability, with its FSR far exceeding other major blockchains. Meanwhile, 1inch introduced native cross-chain swaps between Solana and EVM chains, enhancing user experience and security. Performance among narrative tokens was mixed: MNT rose 6.2% driven by ecosystem incentives and community engagement; MORPHO gained 2.5% thanks to multi-platform integration and updated yield products; LDO remained resilient, reflecting continued momentum in liquid staking.

Last week, Chainlink (LINK) gained 11.37%, fueled by its partnership with ICE, a new TVS all-time high, and notable whale buying, reinforcing its leadership in the oracle sector. Sei Network kept up strong momentum with rapid stablecoin growth and strategic institutional moves, remaining the most active EVM chain. Meanwhile, Aave's borrowing volume topped $25 billion, with deposits now ranking among the top 40 U.S. banks.