Gate Research Institute: MYX rises 63%, Plasma Mainnet launches XPL with an increase of over 70%｜Gate VIP Weekly Report

Highlights of Last Week's Market Overview

Alpha Juejin: BTC has temporarily returned to a bullish structure, currently standing above $114,000; ETH has also rebounded from its low, recently returning to around $4,200, but has not yet broken through the MA30 resistance, and the rebound momentum appears slightly insufficient, with the market's willingness to chase higher prices being conservative. Among altcoins, XPL debuted with a surge of over 70.87%, becoming the most eye-catching token; MYX and ZEC also recorded increases of 63% and 26% respectively, rising against the trend in the short term.

On-chain funds: Arbitrum leads the public chain chart with a net inflow of 3.8 billion USD, while World Chain recorded a net inflow of 122 million USD driven by internal team fund migration, achieving a historical high in application activity. In addition, the Tether-supported stablecoin public chain Plasma has launched its mainnet and issued the XPL token. With its "money-spraying" marketing and high oversubscription, it quickly attracted market attention, surpassing 4.9 billion USD in TVL just a few days after its launch, becoming one of the hottest projects last week.

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

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