Gate Research Institute: SNX weekly rise exceeds 94%, Ethereum Layer2 capital inflow accelerates ｜Gate VIP Weekly Report

Highlights of Last Week's Market Overview:

Alpha Mining: After BTC broke through $126,000 and set a new high for the phase, it immediately experienced a sharp pullback, once dropping to a low of $102,100; ETH also fell significantly after breaking through $4,700, reaching a recent low of $3,400. Among altcoins, SNX surged over 94.48%, becoming the most prominent token; DASH and TAO also recorded increases of 48% and 22% respectively, rising against the trend in the short term.

On-chain funds: Ethereum Layer 2 fund inflows are accelerating, with Arbitrum maintaining its leading advantage, recording a net inflow of $873 million in a single week. OP Mainnet, Unichain, and Polygon PoS also saw steady fund inflows. The total value locked in DeFi is close to $160 billion, a 41% year-on-year increase, with significant institutional fund inflows, but retail activity has declined.

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

Disclaimer Investing in the cryptocurrency market carries 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 is not responsible for any losses or damages resulting from such investment decisions.