Gate Research Institute: Gate launches coin staking feature｜OpenSea Foundation plans to announce SEA Token TGE in early October

##Abstract

1. This week, BTC increased by 2.43%, ETH increased by 1.72%, and mainstream altcoins continued to rise overall.
2. The current price of MYX token is $18.34, with a 24-hour increase of up to 18.1% and a cumulative surge of 1533.7% over 7 days.
3. Gate introduces a holding interest feature that supports mainstream assets.
4. Pendle's TVL has increased by over 10% in the last 7 days, reaching a new high.
5. OpenSea Foundation plans to announce the SEA token TGE in early October.
6. The altcoin index is rising rapidly, with obvious signs of capital rotation.

##Market Interpretation

Market Commentary for ###

• BTC Market —— This week, BTC rose by 2.43%. After undergoing previous fluctuations and adjustments, BTC has been continuously rising recently and once reached a peak of 124,400 USD, setting a new high for this round. From the moving averages, the short-term MA5 and MA10 are steadily rising, and the price consistently operates above the MA30, indicating a continuation of the overall bullish trend. The weekly trading volume remains relatively active, indicating that the market's buying power is still sufficient. If it can stabilize above the 118,000 to 120,000 USD range, it is still expected to challenge previous highs and continue the upward trend. However, attention should be paid to the potential selling pressure that may arise from a prolonged high-level consolidation; if it breaks below the 112,000 USD support accompanied by a decline in trading volume, there is a risk of a technical correction. Overall, the medium-term trend remains strong, and the market's focus will be on whether it can break through the 125,000 USD resistance level.
• ETH Market —— This week, ETH rose by 1.72%. After hitting a bottom of $1,385, ETH has seen a strong rebound, recently peaking at $4,956, approaching a significant prior resistance zone. In terms of moving averages, MA5 and MA10 have clearly turned upward and have diverged from MA30, indicating that medium to short-term bullish momentum is ample. The weekly chart shows a significant bullish candlestick, indicating noticeable capital inflow. If it can maintain above $4,200, there will be an opportunity to test and possibly break through the $5,000 mark again. However, it is important to be aware of the short-term overbought risk after consecutive increases. If the price drops back below $4,000 with weakening trading volume, a pullback to confirm support may occur. Overall, the mid-term structure of ETH is relatively strong, and if the trading volume continues to expand, it is expected to continue challenging new highs.
• Altcoins —— This week, mainstream altcoins continued to rise overall, with MYX Finance showing a short-term increase of nearly 20%, standing out among the top 100 by market capitalization; other projects like Hyperliquid and Story IP also have considerable room for growth.
• Stablecoins - The total market value of stablecoins is currently $290.1 billion, with USDC and USDE stablecoins attracting strong market attention.
• Gas Fee —— This week, the Gas fee on the Ethereum network has decreased. As of September 11, the average Gas fee for the day was 0.172 Gwei.

##Popular Tokens This week, the RWA sector led the rise, benefiting from regulatory promotion and innovations in stablecoin supply. Although the stablecoin sector did not see significant gains, it still maintained a steady market capitalization, showcasing its indispensable position in the market. L1 platforms experienced a moderate increase, reflecting that the underlying chain ecosystem continues to be favored by the market. It is evident that regulatory guidance and the improvement of infrastructure remain core factors driving the current sector's gains.

###MYX MYX Finance (+18.1%, circulating market cap 3.82 billion USD) According to Gate's market data, the current price of MYX token is $18.34, with a 24-hour increase of up to 18.1% and a cumulative surge of 1533.7% over the past 7 days. MYX Finance is a decentralized financial protocol focused on efficient cross-chain asset trading and derivatives market construction, aiming to provide users with a safer and more liquid DeFi infrastructure. Its core mechanism aggregates multi-chain liquidity and optimizes matching efficiency, bringing substantial returns to traders and liquidity providers. The core reason for the sharp price surge of MYX this week comes from the popularity of tokens related to Donald Trump and the spike in derivatives trading volume. On-chain data shows that MYX achieved an increase of over 1,000% in a short period, accompanied by a sharp rise in trading volume and open interest. Some analyses point out that the market's short positions faced forced liquidations, further amplifying the upward effect. Against the backdrop of a meme narrative and a return of high-risk preferences, MYX has become a popular target for concentrated capital inflow.

###M MemeCore (-4.5%, circulating market cap $330 million) According to Gate's market data, the current price of the MemeCore token is $1.96, having risen over 101.2% in the past 7 days, despite a 4.5% drop in the last 24 hours, it remains strong overall. MemeCore is a Web3 protocol driven by meme culture, aiming to build an open decentralized entertainment and financial ecosystem through community creativity, content economy, and tokenized incentive mechanisms. Memecore has surpassed a market capitalization of 1 billion USD in the past week, attracting significant attention from investors. Its upward momentum is primarily driven by the regulatory developments in the South Korean market: the project team is applying for VASP qualification and plans to acquire a KOSDAQ-listed company to facilitate trading pairs with fiat currencies such as KRW. Meanwhile, Memecore has also made adjustments to its on-chain mechanisms, including a reduction in block rewards by approximately 73% and optimization of the trading pool mechanism, thereby reducing inflation and enhancing validator incentives. These advancements, combined with the market's renewed enthusiasm for the Meme ecosystem, have jointly propelled the token price upward.

###WLD Worldcoin (-9.1%, circulating market cap $1.31 billion) According to Gate.io market data, the current price of the WLD token is $1.80, having dropped 9.1% in the last 24 hours, but it still boasts a 7-day increase of 100.1%. Worldcoin was initiated by Sam Altman, co-founder of OpenAI, aiming to promote inclusive finance and a universal digital identity system through iris recognition and a global identity network. Its token WLD serves both as an incentive tool and as a token medium in ecological applications. The price of WLD surged significantly this week, primarily driven by institutional capital inflows and exchange expansions. Eightco Holdings announced a strategic allocation of $250 million for its treasury, incorporating WLD into its core asset reserves, which significantly boosted market confidence. In addition, the South Korean exchange Upbit listed WLD, enhancing regional liquidity and trading enthusiasm. Benefiting from the rising global attention on digital identity and payment narratives, WLD achieved over a 100% increase in the short term due to the dual effects of capital inflows and market sentiment.

##This Week's Focus

###Linea completes token TGE, airdrop details announced The Ethereum Layer 2 project Linea officially completed its token TGE on September 10 and announced the specific arrangements for airdrop claims. The eligibility for this airdrop is primarily based on users' actual usage during the LXP and LXP-L events. The claim window will start on September 10, 2025, and will last until December 9, totaling 90 days. All airdrop tokens will be fully unlocked after claiming, with no additional vesting period required. In terms of token distribution, 85% will enter the ecosystem, of which 10% will be rewarded to early users and builders, and the remaining 75% will be used as an ecological fund. The TGE of Linea combines a lock-free airdrop with a large-scale ecological fund allocation, demonstrating that the project focuses more on long-term ecological construction rather than short-term price performance. As the airdrop tokens begin to circulate, there may be some selling pressure in the market; however, in the long run, the ecological fund will create a stronger attraction for developers and partnership agreements.

###OpenSea Foundation plans to announce the SEA token TGE in early October. OpenSea Foundation has stated that it will announce the details of the SEA token TGE in early October. At the same time, the platform will establish a prize pool starting from September 15, with a portion of all transaction fees injected into it. Specifically, the fee rate for NFT transactions is 1%, and the fee rate for token transactions is 0.85%, with 50% of the revenue from these fees allocated to the prize pool. In the future, when the OpenSea Foundation officially shares the TGE plan, the prize pool will be linked with the SEA token, forming a reward mechanism. OpenSea's plan is essentially a "rebate-style token model." Half of the transaction fees are returned to the prize pool, which can increase user profit expectations and drive trading volume growth before and after the TGE. However, the market still needs to pay attention to the distribution details and release mechanism of SEA, otherwise it may cause price fluctuations in the short term due to excessive incentives.

###Gate has launched a holding interest function, supporting mainstream assets. On September 10, Gate announced the launch of the Earn on Spot product. Users only need to activate this feature with one click in their spot account to automatically earn returns from their spot holdings without locking their assets. The initial phase supports various mainstream tokens, including BTC, ETH, GT, SOL, POL, SUI, ALGO, DOT, ATOM, AVAX, INJ, APT, ZETA, and FLR. The calculation method for earnings is: daily earnings equal to the average holding amount multiplied by the annual yield rate divided by 365. The system will start taking snapshots at 16:00 (UTC+8) on the day after the user activates it, distributing earnings based on the average holding amount and directly depositing them into the spot account, resulting in daily compounding. Gate's crypto interest products balance flexibility and profitability. Users can earn passive income without sacrificing liquidity, which is particularly attractive for investors holding mainstream assets for the long term.

##Highlight Data

Pendle's TVL increased by over 10% in the last 7 days, reaching a new high.

According to the latest data, Pendle's total value locked (TVL) has reached a new record this month, exceeding $12 billion, with an increase of over 180% since the beginning of the year. Pendle is a decentralized yield trading protocol that splits yield-bearing assets (such as staked ETH) into two parts: principal (PT) and future yield (YT), allowing users to freely trade or lock in fixed yields, while providing liquidity incentives and governance functionality through AMM and the governance token PENDLE. In simple terms, it brings the "fixed income/rate derivatives" from traditional finance into DeFi, allowing users to manage and utilize the yields of crypto assets more flexibly. The protocol officially broke through the historical high of 11 billion USD in early September, and continued to rise to over 12 billion USD just a few days later, attracting significant market attention towards Pendle. Secondly, the driving force comes from the circular yield engine of Ethena-Pendle-Aave: users can utilize the USDe stablecoin to split on Pendle into PT and YT, and then use PT as collateral to borrow funds through Aave, thus forming a capital cycle that continuously reinjects funds into the Pendle ecosystem. This mechanism greatly enhances capital efficiency and becomes the main driver of TVL growth. In addition, Pendle's expansion in the multi-chain ecosystem and potential integrations with platforms like Hyperliquid also bring broader application prospects to the market, attracting more capital and users. Meanwhile, market analysis generally believes that Pendle's token valuation is relatively underestimated compared to its strong TVL and fee income, and this "underestimated + growth" combination strengthens investor confidence. In summary, the combination of multiple technical and market factors has contributed to Pendle's rapid TVL increase this week.

Private placement financing has purchased a large amount of WLD, with a weekly increase of over 100%.

Gate market data shows that the WLD token has increased by more than 100% in the past week. Worldcoin is a crypto project initiated by Sam Altman, co-founder of OpenAI, aiming to provide a unique digital identity (World ID) and a universal cryptocurrency for everyone in the world. Its core approach is to verify users' "uniqueness as humans" through a device called Orb, which scans irises to generate non-reusable identity credentials without disclosing specific personal privacy. Those who complete the verification can receive Worldcoin (WLD) token rewards. The main reason for this round of price increase is the strong stimulus from Eightco Holdings announcing its WLD treasury plan. Eightco announced that it would purchase a large amount of WLD tokens through $250 million in private financing as its main treasury reserve asset and plans to change its company code from OCTO to ORBS. This news not only caused Eightco's stock price to surge over 3000% in a few days, but also increased market demand and attention for WLD. At the same time, the investment lineup includes institutions such as World Foundation, Discovery Capital, Brevan Howard, and BitMine, known for holding large amounts of Ethereum, which made its first "bet" on WLD, all of which enhanced market confidence. Against this backdrop, WLD rose nearly 50% in a single day after the announcement, hitting a seven-month high, and rebounded over 80% within a week.

The altcoin index is rising rapidly, with clear signs of capital rotation.

Over the past week, the CMC Altcoin Season Index rose from 50 to 68, indicating that altcoins are performing significantly better than Bitcoin overall. Especially from September 8 to 11, the index continued to rise, reflecting that funds are gradually flowing from Bitcoin to more mainstream and secondary tokens. Meanwhile, the total market capitalization of altcoins has also steadily increased, reinforcing the market's expectation for the arrival of "Altcoin Season." From historical data, the index was only 29 a month ago, indicating that this surge has been very rapid. The current index is close to the year's high range (87). If this trend of capital rotation continues, the altcoin market may continue to gain relative advantages in the short term. However, it is important to note that when capital concentration is too high, there may also be a risk of a pullback.

Financing Weekly Report

According to RootData, from September 4 to September 11, 2025, a total of 16 cryptocurrency and related projects announced the completion of financing or mergers and acquisitions, covering multiple sectors including ETH infrastructure and decentralized AI verification. Overall financing activity remains high, indicating continuous capital allocation towards key directions such as ETH infrastructure, AI applications, and asset tokenization. Below is a brief introduction to the top three projects by financing scale this week: ###StablecoinX Announced on September 6 that it has completed a $530 million financing, which will mainly be used to build and expand its "ENA Treasury Strategy." StablecoinX is a treasury vehicle that focuses on the stablecoin ecosystem and operates on the Ethena protocol. The Ethena protocol primarily issues synthetic dollar stablecoins USDe and USDtb, using a delta-neutral hedging model without relying entirely on traditional fiat reserves. ###Gemini On September 9, it announced the completion of a $50 million financing to expand its institutional service capabilities and product lines, such as custody and staking services, and to establish a strategic partnership with Nasdaq's Calypso platform for managing trading collateral, etc. Gemini is a cryptocurrency exchange and custodial service founded by Cameron and Tyler Winklevoss in 2014 in the United States, dedicated to providing secure and compliant digital asset buying, storage, and trading services for retail users and institutions. It supports over 70 cryptocurrencies, while emphasizing that the majority of user funds are stored in offline cold wallets, with hot wallets used for daily trading, and it has an insurance mechanism to cover a certain scale of hot wallet risks. ###Inversion Announced on September 8 that it has completed a $26.5 million financing to launch the overall operations of Inversion, including team formation (currently recruiting key roles such as CTO) and infrastructure development for technology. Inversion is a project initiated by former ParaFi partner Santiago Roel Santos and others, dedicated to bringing private equity models into the blockchain space, acquiring traditional businesses and "moving their operations on-chain" to improve efficiency, reduce costs, and expand the practicality of the crypto ecosystem.

##Focus Next Week

token unlock

According to data from Tokenomist, the market will see significant unlocks of some important tokens in the next 7 days (2025.9.11 - 2025.9.18). The top 3 unlocks are as follows:

• FTN will unlock tokens worth approximately $89.6 million in the next 7 days, accounting for 4.6% of the circulating supply.
• APT will unlock approximately $51.12 million in the next 7 days, accounting for 1.6% of the circulating supply.
• ARB will unlock tokens worth approximately $47.48 million in the next 7 days, accounting for 1.8% of the circulating supply.

Reference source

• Gate, https://www.gate.com/trade/BTC_USDT
• Gate, https://www.gate.com/trade/ETH_USDT
• Coinmarketcap, https://coinmarketcap.com/
• jin10, https://rili.jin10.com/
• Coinmarketcap, https://coinmarketcap.com/view/stablecoin/
• X, https://x.com/LineaBuild/status/1963166921739653184
• X, https://x.com/HollanderAdam/status/1965098349800853956
• Gate, https://www.gate.com/announcements/article/47054
• etherscan, https://etherscan.io/gastracker
• Coingecko, https://www.coingecko.com/en/categories
• Defillama, https://defillama.com/protocol/pendle
• Coinmarketcap, https://coinmarketcap.com/charts/altcoin-season-index/
• Rootdata, https://www.rootdata.com/Fundraising
• Tokenomist, https://tokenomist.ai/

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