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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Gate Institute: ETH breaks new high of $4,600 | Circle enters the public chain field
crypto market overview
Popular Tokens on Juejin
CYBER Cyber (+47.20%, circulating market cap 125 million USD)
According to Gate.io market data, the current price of the CYBER token is $2.7980, with an increase of about 47.20% in the last 24 hours. Cyber is a Layer 2 network aimed at social scenarios, enabling developers to build decentralized applications by extending the focus of Web3 beyond the financial sector, redefining the ways people connect, create, monetize, and share value.
Recently, the project team collaborated with Surf.AI to launch Surf Copilot—a crypto AI assistant used by top funds, research institutions, and exchanges, which has garnered significant attention from the community and the industry. At the same time, on August 12, a certain exchange added the CYBER/USDT trading pair and opened trading, leading to a significant increase in trading volume and capital inflow. Under the dual catalyst of new listings and application narratives, the price of CYBER rapidly surged from a low point, with a maximum increase of over 50%, and the trading volume expanded simultaneously, demonstrating strong bullish buying power.
FARTCOIN Fartcoin (+20.93%, circulating market cap 10.47 billion USD)
According to Gate.io market data, the current price of FARTCOIN token is 1.0733 USD, with a 20.93% increase in the last 24 hours. Fartcoin is a meme token based on the Solana ecosystem, which has gained significant attention and activity in a short period of time, thanks to its unique community culture and social media operations.
The logic behind this round of price increase primarily stems from both macro and micro aspects: On the macro level, the Solana ecosystem's popularity continues to rise, combined with interactive activities like Solana SpinFest launched by exchanges, which brings additional exposure and user incentives to ecosystem tokens, creating a positive cycle of funds and popularity; on the micro level, the high-frequency marketing and topic operations of the Fartcoin community, coupled with active trading on mainstream platforms, attract short-term funds to concentrate inflows, thereby amplifying price volatility. Overall, Fartcoin has the dual advantages of fund heat and trading activity in the Meme sector, combined with the backdrop of the Solana ecosystem's recovery, making it one of the standout tokens recently.
QUBIC Qubic (+14.88%, circulating market cap 338 million USD)
According to Gate's market data, the current price of the QUBIC token is 0.0000027730 USD, with an increase of about 14.88% in the past 24 hours. Qubic is a new computing network based on Proof of Work (PoW), which has recently sparked widespread discussion due to achieving over 51% of the total network hash power on the Monero network.
This event has become the core catalyst for price increases. On one hand, Qubic theoretically possesses the ability to take over the Monero network, validating its computing power deployment capabilities and raising concerns about PoW security and governance. On the other hand, the official high-frequency launch of the "From Waste to Worth" narrative criticizes the inefficiency of traditional PoW and presents a vision for expanding computing power value, receiving positive feedback from the market. Under this dual stimulus, QUBIC has rapidly surged from a low position, with capital and trading volume significantly increasing.
Hotspot Interpretation
Aave's loan scale surpasses 25 billion USD, setting a new historical record.
The total active borrowing amount of the decentralized lending protocol Aave recently surpassed $25 billion, setting a new historical record, indicating a rapid rise in DeFi lending demand amid the recent market recovery. Earlier this year, the borrowing scale of Aave once fell to around $10 billion, but as the prices of ETH and other mainstream encryption assets rose, and with increasing arbitrage and leverage opportunities brought by market volatility, along with the continuous increase in stablecoin lending demand, the total borrowing amount has shown an accelerated growth trend since the second quarter, rising from $15 billion to the current level in just two months.
The driving factors behind this round of growth have become more diverse. In addition to the leverage demand brought by the rise in market prices, the increased lending usage of RWA-type stablecoins, as well as the isolation mode and eMode risk management mechanisms introduced by Aave, have also enhanced capital utilization efficiency and risk control capabilities to a certain extent. This means that even during potential pullback periods, Aave's capital retention rate may still be more resilient than in the past.
Overall, the record high borrowing scale of Aave not only reflects the rebound in market risk appetite but also indicates that a structural upgrade in the DeFi lending sector is taking place, gradually shifting from a single price speculation drive to a demand for multi-asset and multi-scenario funding. This has far-reaching implications for the long-term stable growth of the platform and the competitive landscape of the industry.
Circle ventures into the public chain field, Arc focuses on stablecoins and institutional-level financial scenarios.
Stablecoin issuer Circle (NYSE: CRCL) announced the launch of a new Layer 1 blockchain, Arc, specifically designed for stablecoin financial scenarios when releasing its Q2 2025 financial report. The report showed that USDC circulation increased by 90% year-on-year to $61.3 billion, with total revenue and reserve income growing by 53% to $658 million; impacted by non-cash expenses related to the IPO, net loss was $482 million. In the second quarter, they completed a $1.2 billion IPO and continued to expand the stablecoin application ecosystem.
Arc is fully compatible with EVM and uses the high-performance Malachite consensus engine developed by Informal Systems, which can complete transaction confirmations in sub-second time, and uses USDC as its native Gas, effectively reducing the risk of fee volatility. The platform also has a built-in institutional-grade RFQ foreign exchange engine, supporting 24/7 atomic swaps across stablecoins, and provides optional privacy protection features to meet enterprise needs in compliance and data security. Arc is deeply integrated with the Circle payment network, wallets, and the cross-chain bridge CCTP, creating a closed-loop ecosystem for stablecoin applications.
The official plan is to launch the private test network in the coming weeks and to release the public test network in the fall, preparing for the Beta version of the mainnet in 2026. With low latency, high stability, and financial native features, Arc is expected to become the core infrastructure for cross-border payments, DeFi, and on-chain settlement, accelerating the on-chain circulation and application scenario expansion of USDC. This will not only enhance Circle's competitiveness in the stablecoin track but may also provide a safer and more efficient deployment environment for institutions and developers.
RWA public chain MANTRA Chain testnet achieves EVM compatibility, mainnet scheduled to launch in September.
MANTRA announced that its testnet has achieved full EVM compatibility, positioning itself as the first MultiVM Layer 1 blockchain designed specifically for RWA, and plans to launch its mainnet in September. In the early stages of the mainnet launch, various RWA projects, including financing for a Dubai electric bicycle fleet, will be supported through the MANTRA.finance platform, demonstrating its capability to merge real assets with on-chain finance. The official roadmap shows that the team plans to continuously expand the ecosystem from Q4 2025 to Q1 2026, introducing more decentralized applications (dApps) and partners; starting from Q2 2026, they will launch yield tokens based on real assets and build a secondary liquidity market to improve asset trading and yield distribution mechanisms.
In addition, MANTRA has established a strategic partnership with Inveniam and secured a $20 million investment to promote the on-chain process of real-world assets. This move not only provides financial support for its technology and ecological expansion but also lays the foundation for establishing competitive barriers in the RWA track. With the rising demand for compliance and increased institutional participation, the RWA track is expected to become an important engine for the next stage of DeFi growth. MANTRA established a differentiated positioning of "compliance + multi-virtual machine + RWA focus" early on, and is expected to occupy a first-mover advantage in the RWA and compliant DeFi market by advancing simultaneously through financing, ecological cooperation, and product implementation.
Reference:
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