Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Gate Institute: ISLM surges over 460% in 24 hours | JPMorgan advances blockchain deployment
01-09 08:35
Gate Research Institute: Solana and Ethereum Lead Ecosystem Development, Market Size Continues to Expand | December 2025 Web3 On-Chain Data Analysis
01-09 07:47
Trending Topics
View More21.51K Popularity
47.06K Popularity
14.74K Popularity
10.78K Popularity
38.86K Popularity
Pin
gate Research Institute: BTC Strongly Breaks $71,000, Jupiter TVL Hits New All-Time High
Summary
Market Review
According to gate market data, as of 4 o’clock on October 29 (UTC+0)【1】:
BTC - The price of BTC has pumped 2.84% in the past 24 hours, currently trading at $71,273. The highest point in the past 24 hours was $71,567, and the lowest was $67,621. From a technical perspective, the long positions are arranged on the moving averages, and the Trading Volume has increased, indicating strong long positions. It is currently approaching the high point of June, $72,000. If it can break through this resistance level, it is expected to further rise. [2]
ETH - ETH price pumped 2.37% in the past 24 hours, currently priced at $2,567. The highest price in the past 24 hours was $2,590, and the lowest price was $2,472. Technically, the moving averages indicate long positions, and the Trading Volume has increased. However, compared to BTC, the price increase of ETH is relatively mild, and it has not yet surpassed the high point of $2,770 on October 21. The increase in Trading Volume reflects the increased attention from investors towards ETH. If the Trading Volume can remain high, ETH is expected to break through the resistance level and pump further.
ETF - According to SoSoValue data, on October 28, the total net inflow of US BTC Spot ETF was 479 million US dollars [4], and the total net outflow of US ETH Spot ETF was 1.14 million US dollars. [5]
ELON —— ELON Musk-Inspired、Dog-Themed、Bridge Governance Tokens pump 11.60%, 8.49%, 7.43% in different zones.【6】
Major U.S. Stock Indices - S&P 500 Index pump 0.27%, Nasdaq Index pump 0.26%, Dow Jones Index pump 0.65%.[7]
Spot Gold - The spot gold price is at $2,744 per ounce, pumping 0.08% within the day.【8】
Fear and Greed Index - The fear and greed index is 72, indicating that the market is still in a greedy state.【9】
Popular Token
According to the gate market data [10], combined with the volume and price performance in the past 24 hours, the following popular altcoins are:
SANTOS —— Daily increase of about 71.4%, with a circulating market value of $30.63 million. Santos FC Fan Token is the official fan token of Santos Football Club, which allows fans to participate in team voting, purchase Non-fungible Tokens, and enjoy gamified features related to fan rewards or experiences.
On October 29th, the news of SANTOS being listed on a new centralized exchange sparked a pump in token prices. With the fans’ enthusiasm for Santos Football Club continuing to rise, as well as the increasing demand for fan tokens in the market, the utility and community participation of SANTOS have also improved, driving the expansion of its circulating market capitalization.【11】
**TROY - The daily increase is about 39.8%, with a circulating market value of $26.64 million. TROY provides services such as GameFi, CEX, DEX, stake, Non-fungible Token trading, etc., to build the Metaverse ecosystem. TROY Token is used for purchasing Non-fungible Tokens and circulating within the GameFi ecosystem. It also provides Spot, Margin Trading, Derivatives, data analysis, asset custody, and loan services.
On October 29, TROY announced on Twitter that it has received strategic Liquidity investment from Unicornverse, marking a further development and funding support for the project, or influenced by this news, thereby promoting the TROY Token pump. 【12】
DIMO - The daily increase is about 24.1%, with a market capitalization of $44.35 million. DIMO is an open vehicle connectivity platform where you can connect your car to DIMO, store your own data, share that data for discounts or new services, and earn DIMO Token. Developers can build applications for any car on DIMO.
On October 26th, DIMO released an important update: the Global Accounts feature will support users in creating accounts through email and protecting Wallet security through the Turnkey engine; it will collaborate with Stripe to enable Fiat Currency to Cryptocurrency payments and provide $DIMO Liquidity on Uniswap; and it will launch the Transactions SDK that supports React Native and web applications, simplifying on-chain transaction processing and optimizing user experience. The pump this time may be related to the progress of this project. [13]
Highlights Data
BTC ETF net inflow of 479 million USD yesterday According to Sosovalue data, the US BTCSpot ETF had a net inflow of USD 479 million yesterday (October 28th), with a total daily trading volume of USD 30.01 billion. The cumulative net inflow amount is USD 22.414 billion, and the total value of BTC managed by the ETF is USD 684.72 billion, accounting for 4.89% of the total Market Cap.
ETH Fund ETF net outflow of $1.14 million yesterday According to Sosovalue data, the US ETH Spot ETF had a net outflow of $1.14 million and a total daily turnover of $187 million on October 28th. The cumulative net outflow was $506 million and the total value of ETH managed by the ETF was $6.91 billion, accounting for 2.19% of the total market capitalization.
Solana DEX Jupiter TVL reaches an all-time high Recently, Jupiter launched a new platform designed for Memecoin trading, ApePro, which has attracted a large number of users and funds. According to DeFiLlama data, the total Lock-up Position value (TVL) of Jupiter Exchange, a Solana ecological DEX, has exceeded $1.55 billion, reaching a new historical high. [14]
Solana Liquidity Staking Token (LST) total market capitalization surpasses $5 billion According to Dune data, the total market capitalization of Solana’s liquidity staking token (LST) has surpassed $5 billion, reaching a new all-time high. The top three LST tokens by market capitalization are JitoSOL at 43.6%, mSOL at 17.1%, and jupSOL at 12.1%.[15]
Hotspot Review
Grass conducted the first round Airdrop, Phantom Wallet experienced a backend accident and crashed On the evening of October 28th, Grass, a DePIN project on Solana, launched the first round of Airdrop. This Airdrop will distribute 100 million GRASS Tokens, accounting for 10% of the total supply. Currently, gate has listed GRASS Token.【16】
Meanwhile, the largest wallet in the Solana ecosystem, Phantom, experienced service disruptions, with some functions temporarily unavailable. The official recommendation is for users to retry transactions when encountering error prompts. After emergency team intervention, the system stabilized in the early hours of October 29th. The team stated that they will continue to monitor the system status to prevent similar issues from occurring again. This interruption may have been caused by a large influx of users during the Grass Airdrop activity, resulting in server loads exceeding expectations.
This incident reflects the difficulty of load management for Web3 products during a surge in users, and reminds users to follow the latest announcements issued by the project party when encountering similar service abnormalities, in order to avoid greater risks caused by repetitive operations or frequent transactions. Being patient and waiting for retrying the transaction is often a safer response. [17]
Circle releases ‘Confidential ERC-20’ White Paper and plans to launch a privacy ERC-20 framework Circle’s official blog announced that Inco Network and Circle Research have jointly launched the ‘Confidential ERC-20’ framework, providing a privacy solution for public chains in Compliance. The framework transforms standard ERC-20 Tokens into privacy-protected versions through fully homomorphic encryption (FHE) technology, which can conceal account balances and transaction amounts, providing users with privacy protection while maintaining Compliance.
The features of Confidential ERC-20 include the balance and transfer amount of encryption, authorization view permissions, and the transfer rules of programmability, which are applicable to scenarios such as Supply Chain payments, salary distribution, and peer-to-peer payments. As a stablecoin issuer, Circle will promote the application of this framework to achieve a balance between privacy protection and compliance.
This framework demonstrates a new breakthrough in privacy technology in public chains, providing a technical solution to the long-standing contradiction between privacy and Compliance. The application of fully Homomorphic Encryption allows data to be computed without decryption, effectively resolving the conflict between transaction transparency and privacy protection. In addition, features such as authorized view permissions and programmability transmission rules ensure that the privacy of user data does not affect regulatory requirements, providing strong support for the popularization of blockchain technology in TradFi and payment fields. [18]
Musk PAC sued, ordered to stop $1 million lottery On October 28th, the Philadelphia District Attorney’s Office filed a lawsuit with the court to prohibit Elon Musk’s political action committee (America PAC) from distributing $1 million in awards to registered voters in swing states. Just a few days ago, the US Department of Justice warned America PAC that its million-dollar lottery activity may violate federal election law. Prosecutors accused Musk and his PAC organization of attempting to influence the presidential election through illegal lottery activities, and attracting Philadelphia and Pennsylvania voters to submit personal information to qualify for the lottery. According to Pennsylvania law, all lottery activities must be approved by the state government, and Musk’s activity did not meet this requirement.
The lawsuit by the Philadelphia District Attorney’s Office against America PAC not only involves election laws, but also highlights the legal compliance issues in public activities, especially in reward-based lottery activities. [19]
Financing News
According to RootData, in the past 24 hours, a total of 3 projects have announced financing, with the highest financing amount of $11 million, totaling over $21 million in financing, involving infrastructure, Decentralized Finance, and BTCFi zone. The specific financing details are as follows: [20]
CAP —— CAP announces the completion of a $19 million financing, with ABCDE Capital and Robot Ventures participating. CAP is a Stable Coin engine designed to help users break free from traditional reliance on internal systems. Its Stable Coin engine will be able to generate various exchangeable Stable Coins, such as coins pegged to the dollar, BTC, and Ethereum.
BitSmiley —— BitSmiley announced the completion of a $10 million financing round, with participation from MH Ventures and others. BitSmiley is a BTC-native Decentralized Finance project, using the Fintegra framework, including over-collateralization stablecoins, trustless lending, and Derivatives protocol. Users can generate bitUSD by over-collateralizing BTC, participating in the BTC ecosystem Decentralized Finance protocol.
Gelato Network - Gelato Network announced the completion of a $11 million OTC financing, with participation from Hack VC, Animoca Brands, and others. Gelato Network is a Web3 automated and Relay network that supports on-chain execution of Smart Contracts on EVM-compatible Block. Developers can use Gelato to implement limit orders, cross-chain bridges, compound interest for Mining insurance pools, Aave liquidation protection, and Liquidity management.
Airdrop opportunity
**Taker Protocol ** Taker Protocol is a trading chain based on BTCFi, supporting high DepthLiquidity trading of on-chain BTC and its derivative assets. The project adopts the Polkadot substrate architecture, combined with NPOS and POL Consensus Mechanism, with a funding of $3 million, backed by well-known capital such as Dragonfly Capital, Electric Capital, and DCG. The official White Paper plans to distribute approximately 51% of the Token through Airdrops, minting activities, stake rewards, and Block rewards, among other on-chain activities. [21]
Participation Method:
**Reference:**
**Gate Research Institute** Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with Depth content, including Technical Analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Click here to go now
Disclaimer Cryptocurrency market investment involves high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. gate is not responsible for any losses or damages caused by such investment decisions.