Gate Research: ETH Hits New Swing High, MYX Surges Over 1600% with Mid-Caps Leading on Volume
Gate Research: ETH Hits New Swing High, MYX Surges Over 1600% with Mid-Caps Leading on Volume
This report analyzes and reviews market dynamics and trending airdrop projects from July 28 to August 11, 2025. With the combined boost from a recovering public chain ecosystem and favorable policy tailwinds, the cryptocurrency market saw a strong overall uptrend. ETH reached a new swing high on the technical front, breaking above 4,300 USDT; MYX surged by an impressive 1608.26%, standing out as the top performer; mid-cap tokens such as SOON and GMX posted strong volume-driven gains, attracting short-term capital flows; while large-cap assets like MNT and AERO maintained stable fluctuations, serving as liquidity anchors. Recently, projects such as ByteNova, Camp Network, Beamable, and Nexus have launched airdrop campaigns—this report outlines participation methods to help users capture rebound opportunities and potential rewards.
Key Takeaways:
- Mid-cap tokens lead gains as structural rotation dominates market rhythm: Between July 28 and August 11, the crypto market saw a strong uptrend, with the top 500 tokens by market cap averaging a 9.44% gain. Tokens ranked in the 301–400 range performed best, with an average increase close to 30%. Capital rotated from large-cap assets to mid- and small-cap tokens with explosive potential, signaling a shift from a mainstream-driven phase to structural rotation and a broader market participation base.
- High-beta thematic tokens surge, MYX tops the chart: Most of the top 10 gainers were in Meme, blockchain ecosystem, and emerging concept sectors. MYX skyrocketed 1608.26% in two weeks, fueled by exchange listings, V2 upgrade previews, and ecosystem expansion catalysts; TROLL and SOON surged 481.21% and 252.80% respectively, while XNY and EVA also attracted inflows due to strong narratives and thematic appeal. Funds favored tokens with compelling stories, high elasticity, and ecosystem catalysts.
- Volume spikes focus on narrative-driven tokens, SOON, and GMX show volume-price synergy: This round’s volume gainers were mainly well-known protocols or emerging assets with clear narratives and application support. SOON and GMX saw trading volumes surge roughly 57x, and 21x respectively, accompanied by significant price rebounds. Data shows mid-cap tokens respond more sensitively to capital inflows, with markedly stronger volume-price correlations than large-cap assets. “Volume + narrative” became the core logic for capital deployment in structural rotation.
- Policy tailwinds and ecosystem recovery boost market confidence: The U.S. SEC clarified that certain liquid staking products are not securities, clearing compliance hurdles for integrating staking into ETH spot ETFs; Trump pushed pro-crypto policies and strengthened Fed reform; Hong Kong accelerated RWA compliance processes. Combined policy and ecosystem positives reinforced market structure and boosted investor confidence, laying the foundation for healthier, sustained growth.
- Multiple airdrop campaigns actively underway, early-bird opportunities in key sectors: ByteNova, Camp Network, Beamable, and Nexus cover sectors including AI communities, task-based incentives, gaming social platforms, and decentralized node networks. Most adopt social tasks, point incentives, or node-running models, enabling users to participate in ecosystem building at low cost and secure potential token airdrops.
Discover more details today → Gate Research: ETH Hits New Swing High, MYX Surges Over 1600% with Mid-Caps Leading on Volume
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
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.
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