Gate Research Institute: Berachain TVL breaks through $30 billion, creating a new historical high; gate joins hands with Consensus conference to create a new model of Web3 music social networking

Gate Research Institute Weekly Report: BTC tested a low of $93,500 this week and received short-term support. After testing $2,600, ETH entered an upward channel. Gate.io teamed up with the Consensus conference to create a new model for Web3 music and social networking. Under the MiCA regulatory framework, 10 companies have been approved to issue stablecoins in the EU. Canary Capital launched the $AXL (Axelar) Trust fund. Berachain's on-chain TVL surpassed $3 billion, reaching a record high. Circle's on-chain fees continue to rise, with fees exceeding $35.39 million in the past week. Ethereum network transaction fees fell by 70% on a month-on-month basis, reaching a new low since July 2020.

First of all, in the market interpretation, BTC tested $93,500 and received short-term support, while ETH tested $2,600 and entered an upward channel; Payment Solutions, Wallets, and Bittensor Ecosystem were among the top gainers, with market values rising by approximately 33.2%, 18.3%, and 7.1% respectively over the past seven days.

From Focus of this week, it is known that Gate.io has teamed up with Consensus to create a new model of Web3 music social networking; 10 companies have been approved to issue stablecoins in the European Union under the MiCA regulatory framework; Cardex vulnerability resulted in a loss of 400,000 USD, which has been fixed and strengthened protection.

Next is highlight data, Berachain's on-chain TVL surpasses 30 billion US dollars, reaching a historic high; Ethereum network transaction fees drop by 70% on a month-on-month basis, hitting a new low since July 2020.

Moving on to the market opportunity, this week's airdrop project to watch out for is: KittenSwap, which uses an innovative LIQUID token mechanism, where each transaction partially burns tokens to increase the price. The platform has launched a points program, and 20% of the KITTEN tokens will be distributed in the form of veKITTEN.

Finally, Next Week to Watch: AI intelligent layer Rivalz Network will conduct TGE on February 21st: Solana Layer 2 Game Public Chain Sonic SVM Mainnet Mobius will officially launch on February 27th; On February 21st, the United States announced the final value of the February University of Michigan Consumer Confidence Index.

In-depth exploration of this week's review 👉🏻 Gate Research Institute: Berachain TVL breaks through $3 billion to set a new record; Gate.io joins forces with Consensus Conference to create a new model of Web3 music social networking

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Gate.io February 20, 2025