
Gate Research: In November 2025, high-performance blockchains continued to dominate on-chain activity, with ecosystem stratification becoming increasingly evident. Solana maintained its lead in both transaction volume and active addresses through high-frequency interactions. Although Arbitrum remained in a low-activity range on the usage side, sustained net inflows driven by asset tokenization and institutional infrastructure expansion positioned it as a key focus of market capital. After breaking below short-term cost bases, BTC entered a repricing phase, with short-term turnover increasing while long-term holdings remained stable, shifting the market structure from strong-side consolidation to a pressure-driven equilibrium. The broadening BTCFi narrative also fueled a strong upswing in Starknet, drawing notable capital and user inflows. At the project level, Monad’s mainnet launch ignited the high-performance L1 narrative, rapidly expanding on-chain activity and application deployment, while Telcoin saw a s
12-11-2025, 7:45:02 AM

Gate Research Weekly Report: BTC remained in a weak consolidation over the past day, repeatedly encountering resistance near 92,000 USDT, while ETH pulled back to the MA10 after a sharp upswing, showing signs of short-term momentum cooling. Market sentiment improved marginally, with capital rotating into the Ethereum ecosystem. Sectors such as Prediction Markets, GambleFi, ZK, and LRT recorded weekly gains of 18%–35%. Stablecoin market capitalization continued to rise, and gas fees remained at ultra-low levels. NIGHT, BEAT, and LUNA posted strong rebounds of 40%–60%, driven respectively by new listings, partnership catalysts, and technical bottom-recoveries. Major banks have begun offering Bitcoin-backed lending, while institutional BTC holdings have surpassed 1.08 million. Tempo’s testnet launch strengthened the narrative around on-chain payments, and expectations surrounding a potential SpaceX IPO as well as Stripe’s acquisition of Valora further boosted market attention. In the coming seven days, CONX, APT
12-11-2025, 7:19:03 AM
This week, the crypto market remained in a volatile range amid macroeconomic disturbances, recent consecutive rate cuts by the FED have boosted short-term market sentiment, but investors’ concerns over structural issues such as long-term inflation, fiscal deficits, and the independence of monetary policy have not subsided. Additionally, the Bank of Japan’s rate hike this month is widely anticipated. Yesterday, Bitcoin spiked to a high before dropping over 2.2%, while Ethereum also surged then retraced, ending the day up 1.2%.
12-11-2025, 6:55:41 AM