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. <br> <center><strong style=“font-size: 1.5em;”>(Click below to get the full report)</strong></center> <br> Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

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