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Gate Research : Ethereum Stablecoin Users Reach Record High | Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions

Gate Research : Ethereum Stablecoin Users Reach Record High | Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions

Advanced
ResearchAltcoinsTradingMacro Trends
6/26/2025, 10:17:50 AM
Gate Research Institute Weekly Report: This week, BTC rose 2.77%, with its K-line showing a bullish trend, suggesting sustained upward momentum. Altcoins displayed a low-to-high trajectory, with SEI leading the altcoin sector with over 50% gains. The Bitcoin Fork, Zero Knowledge (ZK), and Oracle sectors gained 5.3%, 5.2%, and 4.7% respectively over the past 7 days. Ethereum stablecoin weekly active users surpassed 750,000, a record high. The Bitcoin ecosystem’s Web3 social platform MetaSo exceeded 1 billion on-chain interactions, introducing a “secondary distribution” incentive mechanism. BitGo’s custodial crypto assets surpassed $100 billion.

Summary

  • Bitcoin rose 2.77% this week, showing a bullish trend with sustained momentum.
  • Altcoins exhibited a low-to-high trajectory, with SEI leading the pack with over 50% gains.
  • Weekly active stablecoin users on Ethereum surpassed 750,000, a historical high.
  • Web3 social platform MetaSo exceeded 100 Million on-chain interactions, introducing a “secondary distribution” incentive mechanism.
  • BitGo’s custodial crypto assets surpassed $100 billion.
  • MGO launched with a total reward pool of 8,400,000 MGO.

Market Overview

Market Commentary

  • BTC — BTC gained 2.77% this week, driving a rebound amid easing Middle East tensions. Breaking the $107,000 resistance, BTC’s bullish trend suggests a potential push toward $110,000 soon, supported by strong fundamentals and capital inflows.
  • ETH — ETH fell 1.37%, underperforming BTC and some altcoins. The $2,500 resistance remains a challenge, with $2,100 as the lower support. ETH is expected to consolidate in the near term.
  • Altcoins — Altcoins saw a low-to-high trend. SEI led with a 50.70% gain, while AB dropped 33%, the largest decline. The median return for the top 100 cryptocurrencies was -0.90%.
  • ETF & Derivatives — BTC and ETH spot ETFs recorded consistent net inflows, reflecting institutional demand. In the last 24 hours, BTC and ETH futures liquidations reached $76.2M and $77.05M, respectively.
  • Macro Data — The US June Markit Manufacturing PMI held steady at 52, above the expected 51, signaling manufacturing expansion.
  • Stablecoins — Total stablecoin market cap rose to $256.5 billion, driven by increasing external capital inflows.
  • Gas Fees — Ethereum’s average gas fee rose to 1.211 Gwei on June 26, reflecting increased on-chain activity amid the market rebound.

Hot Sectors

The crypto market rebounded this week, with optimistic sentiment. Altcoins showed mixed performance, with Bitcoin Fork, Zero Knowledge (ZK), and Oracle sectors gaining 5.3%, 5.2%, and 4.7% respectively over the past 7 days, per Coingecko data.

Bitcoin Fork

Bitcoin Fork refers to a divergence in the Bitcoin blockchain protocol, resulting in the blockchain splitting into two or more independent chains, typically classified as soft forks or hard forks. A soft fork is a backward-compatible protocol upgrade, allowing old nodes to accept data generated under new rules, while a hard fork is a non-compatible major change requiring all nodes to upgrade to new rules, otherwise creating a new blockchain and token, such as the 2017 Bitcoin Cash (BCH) fork. Forks usually stem from community disagreements over technical upgrades, block size, or governance philosophies, aiming to optimize network performance or introduce new features. — Over the past 7 days, this sector rose 5.3%, with BCH and BSV gaining 5.8% and 2.9%, respectively.

Zero Knowledge (ZK)

The ZK sector refers to crypto assets utilizing zero-knowledge proof technology, focusing on privacy protection, scalability, and efficient data verification, typically represented by ZK-rollups and privacy-focused public chains, combining technical innovation with application potential. As blockchain demand for privacy and performance grows, ZK projects have rapidly risen, attracting significant market attention. They draw developers and institutional investment due to high technical barriers and Layer 2 optimizations, while also becoming speculative focal points during narrative-driven market cycles. — Over the past 7 days, this sector gained 5.2%, with MOVE and ZKML rising 39.1% and 16.7%, respectively.

Oracle

Oracles are critical mechanisms in the blockchain ecosystem, connecting smart contracts to the external world by securely and reliably delivering real-world data to support smart contract execution. As blockchains cannot directly access off-chain data, oracles serve as intermediary bridges, playing a core role in decentralized finance (DeFi), supply chain management, and insurance, such as providing real-time asset prices or verifying transaction conditions. However, data reliability and security remain technical challenges, with decentralized solutions like Chainlink enhancing credibility through multi-source data aggregation and cryptographic techniques. — Over the past 7 days, this sector rose 4.7%, with BIRD and SEDA gaining 28.9% and 13.3%, respectively.

Focus of the Week

SEC Commissioner: Bitcoin ETF Physical Redemption Mechanism Likely, Applications Under Review

Hester Peirce, a Republican SEC Commissioner, stated in a recent panel discussion that a physical subscription and redemption mechanism for crypto ETFs “will definitely happen at some point,” with related applications currently under review. Several firms, including BlackRock, have submitted proposals to the SEC to shift Bitcoin ETFs from cash-based to physical redemption models. In January, Nasdaq filed a 19b-4 form on behalf of BlackRock to advance this change, followed by similar moves from other firms. Peirce noted significant corporate interest in the physical mechanism.

The introduction of physical redemption will align Bitcoin ETFs more closely with traditional financial products, reducing the “alternative asset” label for cryptocurrencies. This will enable more direct and efficient institutional participation, significantly boosting crypto’s legitimacy and credibility in mainstream finance. Increased institutional involvement and regulatory scrutiny will drive greater transparency and compliance, enhancing the industry’s reputation and strengthening cryptocurrencies’ influence in the global financial system.

Bit Digital Announces Shift to Ethereum Staking and Treasury, Gradually Selling BTC for ETH

Mining and staking company Bit Digital announced a strategic pivot to become a company focused on Ethereum staking and treasury operations. As part of this transition, Bit Digital will gradually phase out its Bitcoin mining operations and redeploy net proceeds into Ethereum assets. As of late March this year, Bit Digital held 24,434.2 ETH and 417.6 BTC, valued at approximately $44.6 million and $34.5 million, respectively. The company plans to progressively convert its Bitcoin holdings into Ethereum.

This strategic shift reflects Bit Digital’s optimism about the long-term growth potential of the Ethereum ecosystem and the stable returns offered by staking. The decision likely stems from the energy-efficient, high-efficiency advantages of Ethereum’s post-merge Proof-of-Stake (PoS) mechanism, which is more sustainable than Bitcoin’s high-cost, environmentally intensive mining. Additionally, Ethereum’s DeFi and smart contract ecosystem offers more value-added opportunities for staked assets. By gradually converting Bitcoin to Ethereum and focusing on staking and treasury management, Bit Digital aims to capture greater returns in Ethereum’s expanding network and thriving ecosystem while reducing operational risks, positioning itself as a key player in the Ethereum economy.

Lumia and Avail Collaborate on Cross-Chain Solution for Tokenized Assets

Lumia, a blockchain platform focused on real-world asset (RWA) tokenization, is strategically integrating with Avail Stack to launch a new cross-chain model. The collaboration focuses on optimizing the creation, verification, and transfer of tokenized assets across different blockchain networks. Lumia will leverage Avail’s modular infrastructure, designed to address blockchain fragmentation, utilizing its scalable data availability, secure asset messaging, and cross-chain communication protocols to enable seamless, secure cross-chain flows of tokenized assets while ensuring data integrity. A key component of this upgrade, Avail Nexus messaging layer, ensures secure asset transfers and data verification without relying on centralized systems.

This strategic integration with Avail Stack will significantly enhance Lumia’s influence in the RWA tokenization space. By adopting Avail’s modular infrastructure and Nexus messaging layer, Lumia can achieve seamless, secure asset flows across multiple chains, reducing operational complexity and improving user experience. This will attract more users and institutions, expanding its ecosystem and boosting market competitiveness. Enhanced security and decentralization will also help meet regulatory requirements, driving Lumia’s technical innovation and long-term growth in RWA tokenization.

Key Market Data Highlights

Ethereum Stablecoin Weekly Active Users Surpass 750,000, Hitting Record High

The number of weekly unique users of stablecoins (e.g., USDT, USDC, BUSD, DAI) on the Ethereum network has surpassed 750,000 for the first time, marking a historical high. Currently, USDT and USDC dominate Ethereum’s stablecoin landscape, with on-chain supplies of $73 billion and $41 billion, respectively, accounting for the majority of the $134 billion stablecoin market on Ethereum. Meanwhile, the total supply of other stablecoins has reached approximately $20 billion.

This milestone not only reflects growing institutional participation but also signals the onset of a “stablecoin season” centered on utility—shifting from speculative use to sustainable real-world applications like payments and settlements. The surge in Ethereum stablecoin users indicates a maturing crypto market, with stablecoins deeply integrated into daily on-chain activities. This trend is driving fierce competition among issuers in cost control, yield design, and user experience. The entry of traditional financial institutions foreshadows further mainstream adoption of stablecoins, bridging the gap between crypto and traditional finance while propelling the transformation of global digital commerce.

Bitcoin Ecosystem Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions, Introduces “Secondary Distribution” Incentive Mechanism

MetaSo, a decentralized social protocol in the Bitcoin ecosystem, has exceeded 100 Million on-chain transactions, reaching 106,438,248 to date. According to MetaBlock explorer data, MetaSo maintains approximately 5 million daily transactions, reflecting high user activity, frequent interactions, and steady ecosystem growth.

The milestone of surpassing 100 Million on-chain transactions underscores the rapid adoption of Web3 applications in the Bitcoin ecosystem and highlights the strong growth potential of decentralized social products driven by real user demand. MetaSo employs a decentralized node deployment architecture, allowing node operators to set up in just 20 minutes and flexibly customize economic models to participate in the distribution of the platform’s METASO token incentives. The recently launched “secondary distribution” feature enables nodes to redistribute a customizable portion of their METASO earnings to community users, boosting participation. Ordinary users can earn token rewards through simple actions like posting and engaging, significantly lowering the entry barrier while enhancing network effects and community engagement, contributing to the breakthrough of 100 Million on-chain interactions.

BitGo’s Custodial Crypto Assets Surpass $100 Billion

Driven by increasingly clear global regulatory frameworks and rising cryptocurrency adoption, BitGo’s custodial assets surged from $60 billion to $100 billion in the first half of 2025, reaching a new high. According to Abel Seow, BitGo’s Asia-Pacific Managing Director, this growth is primarily fueled by growing demand from traditional financial institutions and large investors for crypto custody and staking services.

Currently, half of BitGo’s managed assets are tied to staking, where users stake tokens to support blockchain network operations and earn additional rewards. Meanwhile, BitGo is accelerating its global expansion, planning an IPO as early as the second half of 2025, establishing a joint venture in South Korea, and preparing to set up operations in Dubai to further its international reach.

BitGo’s rapid growth in custodial assets reflects accelerating institutional trust in crypto asset management and on-chain yield-generating activities like staking. As global regulatory frameworks become clearer, crypto custody services are evolving from “security providers” to “yield collaboration platforms.” BitGo’s IPO and overseas expansion plans aim not only to solidify its infrastructure role but also to capture the next wave of institutional capital entering Web3. This growth trajectory suggests that compliance, yield, and globalization will be key themes for the next phase of crypto financial infrastructure.

Market Opportunities

Gate Launchpool

The featured IDO this week: Mango Network

Mango Network is a Layer 1 blockchain infrastructure with multi-VM support, addressing pain points like fragmented user experience and liquidity in Web3 applications and DeFi protocols. It integrates the core strengths of Move, OPStack, and ZK Rollup to build an efficient blockchain network supporting cross-chain communication and multi-VM interoperability. Compatible with MoveVM, EVM, and SVM, it provides developers and users with a secure, modular, and high-performance Web3 infrastructure.

How to Participate

  • Gate Account: Register and complete verification.
  • Deposit Assets: Ensure sufficient MGO tokens in your account, as this Launchpool only supports MGO staking.
  • Staking Window: Until July 7, 20:00 (UTC+8)
  • Steps: Log in to Gate, go to Launchpool, choose MGO, click “Participate”, enter amount, and confirm.
  • Total Pool: 8,400,000 MGO
  • APY: 1781.15%

    Funding Weekly Recap

According to RootData, from June 20 to June 26, 2025, 11 crypto projects announced completed funding rounds, spanning infrastructure, DeFi, and other sectors, reflecting sustained market focus on technological innovation and application development. Below is a brief overview of the top three projects by funding size this week:

Nano Labs

On June 24, Nano Labs announced a $500 million private convertible note financing, aiming to hold 5% to 10% of BNB’s total circulating supply long-term.

Nano Labs is a company specializing in cryptocurrency mining chip design, listed on the U.S. stock exchange (ticker: NA). Its core businesses include high-throughput computing (HTC) chips, high-performance computing (HPC) chips, smart network interface cards (NICs), visual computing chips, and distributed computing and storage solutions, primarily operated through subsidiaries.

Digital Asset

On June 24, Digital Asset secured $135 million in funding from prominent investors, including Goldman Sachs and Citadel.

Digital Asset’s core technology platform, Daml, is an advanced smart contract language and development framework focused on building and operating complex multi-party collaborative applications, offering robust privacy protection and real-time synchronization, widely applied in enterprise-grade blockchain solutions.

Veda

On June 23, Veda completed an $18 million funding round, led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, GSR, and others.

Veda provides yield deployment services for protocols and applications, allowing users to deposit assets into its smart contracts, which automatically and securely allocate funds across multiple DeFi protocols to optimize returns. Its mission is to drive mass adoption of crypto assets through high transparency and ease of use.

Next Week to Watch

Token Unlocks

According to Tokenomist, the following major token unlocks are coming up in the next 7 days (2025.6.26–7.3):



Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content including technical analysis, market insights, weekly reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets or products before making any investment decisions. Gate assumes no liability for any losses incurred from such decisions.-

Author: Ember, Mark
Reviewer(s): Shirley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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Content

Summary

Market Overview

Focus of the Week

Key Market Data Highlights

Market Opportunities

Funding Weekly Recap

Next Week to Watch

Gate Research : Ethereum Stablecoin Users Reach Record High | Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions

Advanced6/26/2025, 10:17:50 AM
Gate Research Institute Weekly Report: This week, BTC rose 2.77%, with its K-line showing a bullish trend, suggesting sustained upward momentum. Altcoins displayed a low-to-high trajectory, with SEI leading the altcoin sector with over 50% gains. The Bitcoin Fork, Zero Knowledge (ZK), and Oracle sectors gained 5.3%, 5.2%, and 4.7% respectively over the past 7 days. Ethereum stablecoin weekly active users surpassed 750,000, a record high. The Bitcoin ecosystem’s Web3 social platform MetaSo exceeded 1 billion on-chain interactions, introducing a “secondary distribution” incentive mechanism. BitGo’s custodial crypto assets surpassed $100 billion.
ResearchAltcoinsTradingMacro Trends

Summary

Market Overview

Focus of the Week

Key Market Data Highlights

Market Opportunities

Funding Weekly Recap

Next Week to Watch

Summary

  • Bitcoin rose 2.77% this week, showing a bullish trend with sustained momentum.
  • Altcoins exhibited a low-to-high trajectory, with SEI leading the pack with over 50% gains.
  • Weekly active stablecoin users on Ethereum surpassed 750,000, a historical high.
  • Web3 social platform MetaSo exceeded 100 Million on-chain interactions, introducing a “secondary distribution” incentive mechanism.
  • BitGo’s custodial crypto assets surpassed $100 billion.
  • MGO launched with a total reward pool of 8,400,000 MGO.

Market Overview

Market Commentary

  • BTC — BTC gained 2.77% this week, driving a rebound amid easing Middle East tensions. Breaking the $107,000 resistance, BTC’s bullish trend suggests a potential push toward $110,000 soon, supported by strong fundamentals and capital inflows.
  • ETH — ETH fell 1.37%, underperforming BTC and some altcoins. The $2,500 resistance remains a challenge, with $2,100 as the lower support. ETH is expected to consolidate in the near term.
  • Altcoins — Altcoins saw a low-to-high trend. SEI led with a 50.70% gain, while AB dropped 33%, the largest decline. The median return for the top 100 cryptocurrencies was -0.90%.
  • ETF & Derivatives — BTC and ETH spot ETFs recorded consistent net inflows, reflecting institutional demand. In the last 24 hours, BTC and ETH futures liquidations reached $76.2M and $77.05M, respectively.
  • Macro Data — The US June Markit Manufacturing PMI held steady at 52, above the expected 51, signaling manufacturing expansion.
  • Stablecoins — Total stablecoin market cap rose to $256.5 billion, driven by increasing external capital inflows.
  • Gas Fees — Ethereum’s average gas fee rose to 1.211 Gwei on June 26, reflecting increased on-chain activity amid the market rebound.

Hot Sectors

The crypto market rebounded this week, with optimistic sentiment. Altcoins showed mixed performance, with Bitcoin Fork, Zero Knowledge (ZK), and Oracle sectors gaining 5.3%, 5.2%, and 4.7% respectively over the past 7 days, per Coingecko data.

Bitcoin Fork

Bitcoin Fork refers to a divergence in the Bitcoin blockchain protocol, resulting in the blockchain splitting into two or more independent chains, typically classified as soft forks or hard forks. A soft fork is a backward-compatible protocol upgrade, allowing old nodes to accept data generated under new rules, while a hard fork is a non-compatible major change requiring all nodes to upgrade to new rules, otherwise creating a new blockchain and token, such as the 2017 Bitcoin Cash (BCH) fork. Forks usually stem from community disagreements over technical upgrades, block size, or governance philosophies, aiming to optimize network performance or introduce new features. — Over the past 7 days, this sector rose 5.3%, with BCH and BSV gaining 5.8% and 2.9%, respectively.

Zero Knowledge (ZK)

The ZK sector refers to crypto assets utilizing zero-knowledge proof technology, focusing on privacy protection, scalability, and efficient data verification, typically represented by ZK-rollups and privacy-focused public chains, combining technical innovation with application potential. As blockchain demand for privacy and performance grows, ZK projects have rapidly risen, attracting significant market attention. They draw developers and institutional investment due to high technical barriers and Layer 2 optimizations, while also becoming speculative focal points during narrative-driven market cycles. — Over the past 7 days, this sector gained 5.2%, with MOVE and ZKML rising 39.1% and 16.7%, respectively.

Oracle

Oracles are critical mechanisms in the blockchain ecosystem, connecting smart contracts to the external world by securely and reliably delivering real-world data to support smart contract execution. As blockchains cannot directly access off-chain data, oracles serve as intermediary bridges, playing a core role in decentralized finance (DeFi), supply chain management, and insurance, such as providing real-time asset prices or verifying transaction conditions. However, data reliability and security remain technical challenges, with decentralized solutions like Chainlink enhancing credibility through multi-source data aggregation and cryptographic techniques. — Over the past 7 days, this sector rose 4.7%, with BIRD and SEDA gaining 28.9% and 13.3%, respectively.

Focus of the Week

SEC Commissioner: Bitcoin ETF Physical Redemption Mechanism Likely, Applications Under Review

Hester Peirce, a Republican SEC Commissioner, stated in a recent panel discussion that a physical subscription and redemption mechanism for crypto ETFs “will definitely happen at some point,” with related applications currently under review. Several firms, including BlackRock, have submitted proposals to the SEC to shift Bitcoin ETFs from cash-based to physical redemption models. In January, Nasdaq filed a 19b-4 form on behalf of BlackRock to advance this change, followed by similar moves from other firms. Peirce noted significant corporate interest in the physical mechanism.

The introduction of physical redemption will align Bitcoin ETFs more closely with traditional financial products, reducing the “alternative asset” label for cryptocurrencies. This will enable more direct and efficient institutional participation, significantly boosting crypto’s legitimacy and credibility in mainstream finance. Increased institutional involvement and regulatory scrutiny will drive greater transparency and compliance, enhancing the industry’s reputation and strengthening cryptocurrencies’ influence in the global financial system.

Bit Digital Announces Shift to Ethereum Staking and Treasury, Gradually Selling BTC for ETH

Mining and staking company Bit Digital announced a strategic pivot to become a company focused on Ethereum staking and treasury operations. As part of this transition, Bit Digital will gradually phase out its Bitcoin mining operations and redeploy net proceeds into Ethereum assets. As of late March this year, Bit Digital held 24,434.2 ETH and 417.6 BTC, valued at approximately $44.6 million and $34.5 million, respectively. The company plans to progressively convert its Bitcoin holdings into Ethereum.

This strategic shift reflects Bit Digital’s optimism about the long-term growth potential of the Ethereum ecosystem and the stable returns offered by staking. The decision likely stems from the energy-efficient, high-efficiency advantages of Ethereum’s post-merge Proof-of-Stake (PoS) mechanism, which is more sustainable than Bitcoin’s high-cost, environmentally intensive mining. Additionally, Ethereum’s DeFi and smart contract ecosystem offers more value-added opportunities for staked assets. By gradually converting Bitcoin to Ethereum and focusing on staking and treasury management, Bit Digital aims to capture greater returns in Ethereum’s expanding network and thriving ecosystem while reducing operational risks, positioning itself as a key player in the Ethereum economy.

Lumia and Avail Collaborate on Cross-Chain Solution for Tokenized Assets

Lumia, a blockchain platform focused on real-world asset (RWA) tokenization, is strategically integrating with Avail Stack to launch a new cross-chain model. The collaboration focuses on optimizing the creation, verification, and transfer of tokenized assets across different blockchain networks. Lumia will leverage Avail’s modular infrastructure, designed to address blockchain fragmentation, utilizing its scalable data availability, secure asset messaging, and cross-chain communication protocols to enable seamless, secure cross-chain flows of tokenized assets while ensuring data integrity. A key component of this upgrade, Avail Nexus messaging layer, ensures secure asset transfers and data verification without relying on centralized systems.

This strategic integration with Avail Stack will significantly enhance Lumia’s influence in the RWA tokenization space. By adopting Avail’s modular infrastructure and Nexus messaging layer, Lumia can achieve seamless, secure asset flows across multiple chains, reducing operational complexity and improving user experience. This will attract more users and institutions, expanding its ecosystem and boosting market competitiveness. Enhanced security and decentralization will also help meet regulatory requirements, driving Lumia’s technical innovation and long-term growth in RWA tokenization.

Key Market Data Highlights

Ethereum Stablecoin Weekly Active Users Surpass 750,000, Hitting Record High

The number of weekly unique users of stablecoins (e.g., USDT, USDC, BUSD, DAI) on the Ethereum network has surpassed 750,000 for the first time, marking a historical high. Currently, USDT and USDC dominate Ethereum’s stablecoin landscape, with on-chain supplies of $73 billion and $41 billion, respectively, accounting for the majority of the $134 billion stablecoin market on Ethereum. Meanwhile, the total supply of other stablecoins has reached approximately $20 billion.

This milestone not only reflects growing institutional participation but also signals the onset of a “stablecoin season” centered on utility—shifting from speculative use to sustainable real-world applications like payments and settlements. The surge in Ethereum stablecoin users indicates a maturing crypto market, with stablecoins deeply integrated into daily on-chain activities. This trend is driving fierce competition among issuers in cost control, yield design, and user experience. The entry of traditional financial institutions foreshadows further mainstream adoption of stablecoins, bridging the gap between crypto and traditional finance while propelling the transformation of global digital commerce.

Bitcoin Ecosystem Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions, Introduces “Secondary Distribution” Incentive Mechanism

MetaSo, a decentralized social protocol in the Bitcoin ecosystem, has exceeded 100 Million on-chain transactions, reaching 106,438,248 to date. According to MetaBlock explorer data, MetaSo maintains approximately 5 million daily transactions, reflecting high user activity, frequent interactions, and steady ecosystem growth.

The milestone of surpassing 100 Million on-chain transactions underscores the rapid adoption of Web3 applications in the Bitcoin ecosystem and highlights the strong growth potential of decentralized social products driven by real user demand. MetaSo employs a decentralized node deployment architecture, allowing node operators to set up in just 20 minutes and flexibly customize economic models to participate in the distribution of the platform’s METASO token incentives. The recently launched “secondary distribution” feature enables nodes to redistribute a customizable portion of their METASO earnings to community users, boosting participation. Ordinary users can earn token rewards through simple actions like posting and engaging, significantly lowering the entry barrier while enhancing network effects and community engagement, contributing to the breakthrough of 100 Million on-chain interactions.

BitGo’s Custodial Crypto Assets Surpass $100 Billion

Driven by increasingly clear global regulatory frameworks and rising cryptocurrency adoption, BitGo’s custodial assets surged from $60 billion to $100 billion in the first half of 2025, reaching a new high. According to Abel Seow, BitGo’s Asia-Pacific Managing Director, this growth is primarily fueled by growing demand from traditional financial institutions and large investors for crypto custody and staking services.

Currently, half of BitGo’s managed assets are tied to staking, where users stake tokens to support blockchain network operations and earn additional rewards. Meanwhile, BitGo is accelerating its global expansion, planning an IPO as early as the second half of 2025, establishing a joint venture in South Korea, and preparing to set up operations in Dubai to further its international reach.

BitGo’s rapid growth in custodial assets reflects accelerating institutional trust in crypto asset management and on-chain yield-generating activities like staking. As global regulatory frameworks become clearer, crypto custody services are evolving from “security providers” to “yield collaboration platforms.” BitGo’s IPO and overseas expansion plans aim not only to solidify its infrastructure role but also to capture the next wave of institutional capital entering Web3. This growth trajectory suggests that compliance, yield, and globalization will be key themes for the next phase of crypto financial infrastructure.

Market Opportunities

Gate Launchpool

The featured IDO this week: Mango Network

Mango Network is a Layer 1 blockchain infrastructure with multi-VM support, addressing pain points like fragmented user experience and liquidity in Web3 applications and DeFi protocols. It integrates the core strengths of Move, OPStack, and ZK Rollup to build an efficient blockchain network supporting cross-chain communication and multi-VM interoperability. Compatible with MoveVM, EVM, and SVM, it provides developers and users with a secure, modular, and high-performance Web3 infrastructure.

How to Participate

  • Gate Account: Register and complete verification.
  • Deposit Assets: Ensure sufficient MGO tokens in your account, as this Launchpool only supports MGO staking.
  • Staking Window: Until July 7, 20:00 (UTC+8)
  • Steps: Log in to Gate, go to Launchpool, choose MGO, click “Participate”, enter amount, and confirm.
  • Total Pool: 8,400,000 MGO
  • APY: 1781.15%

    Funding Weekly Recap

According to RootData, from June 20 to June 26, 2025, 11 crypto projects announced completed funding rounds, spanning infrastructure, DeFi, and other sectors, reflecting sustained market focus on technological innovation and application development. Below is a brief overview of the top three projects by funding size this week:

Nano Labs

On June 24, Nano Labs announced a $500 million private convertible note financing, aiming to hold 5% to 10% of BNB’s total circulating supply long-term.

Nano Labs is a company specializing in cryptocurrency mining chip design, listed on the U.S. stock exchange (ticker: NA). Its core businesses include high-throughput computing (HTC) chips, high-performance computing (HPC) chips, smart network interface cards (NICs), visual computing chips, and distributed computing and storage solutions, primarily operated through subsidiaries.

Digital Asset

On June 24, Digital Asset secured $135 million in funding from prominent investors, including Goldman Sachs and Citadel.

Digital Asset’s core technology platform, Daml, is an advanced smart contract language and development framework focused on building and operating complex multi-party collaborative applications, offering robust privacy protection and real-time synchronization, widely applied in enterprise-grade blockchain solutions.

Veda

On June 23, Veda completed an $18 million funding round, led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, GSR, and others.

Veda provides yield deployment services for protocols and applications, allowing users to deposit assets into its smart contracts, which automatically and securely allocate funds across multiple DeFi protocols to optimize returns. Its mission is to drive mass adoption of crypto assets through high transparency and ease of use.

Next Week to Watch

Token Unlocks

According to Tokenomist, the following major token unlocks are coming up in the next 7 days (2025.6.26–7.3):



Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content including technical analysis, market insights, weekly reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets or products before making any investment decisions. Gate assumes no liability for any losses incurred from such decisions.-

Author: Ember, Mark
Reviewer(s): Shirley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.
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