Gate Research: Uniswap TVL Hits Yearly High | BTC Consolidates After Reaching New Peak

Summary

• BTC broke through 126,000 USD on October 7, setting a new all-time high and is currently trading within a short-term consolidation range.
• Plume acquired institutional staking protocol Dinero, strengthening its integration of RWA and compliant staking infrastructure.
• 21Shares partnered with wealth-management platform Stratiphy to expand retail access to crypto-linked ETNs.
• Uniswap total value locked (TVL) surpassed 7 billion USD, marking a new high for 2025.
• Bitcoin spot ETFs recorded a 897 million USD net inflow over the past week, signaling a clear resurgence of institutional demand.
• DDC announced on October 8 the completion of a 124 million USD financing round to advance its Bitcoin reserve-asset strategy.

Market Overview

Market Commentary

• BTC – BTC surged past 126,000 USD on October 7 to reach a new all-time high, and has since entered a short-term consolidation phase with prices fluctuating near intraday moving averages.The MACD indicator suggests a potential bearish crossover, while shrinking histogram bars indicate weakening momentum and limited follow-through from buyers.If BTC fails to hold above 123,000 USD, it may retest lower support levels around 122,000 USD and 118,000 USD. Conversely, a decisive break above 124,000 USD with renewed volume could restore upward momentum.
• ETH – ETH declined 0.96% this week, showing a relatively notable pullback. The price has remained under pressure below short-term moving averages after retreating from recent highs, turning the near-term structure mildly bearish. Currently trading near 4,470 USD, ETH’s MACD lines remain in a bullish crossover but with shrinking histogram bars, reflecting diminishing upward momentum. A break below 4,450 USD may open room to retest the 4,335 USD zone, while a rebound above 4,550 USD could ease short-term downside pressure.
• Altcoins – Major altcoins posted modest gains this week, with tokens in the AI Framework and Launchpad sectors averaging more than 60% increases over the past seven days.
• Stablecoins – The overall stablecoin market capitalization currently stands at 313.6 billion USD. Stablecoins such as USDC and USDe continue to attract significant market attention.
• Gas Fees –Ethereum network gas fees declined this week. As of October 9, the average daily gas fee stood at 0.12 Gwei.

Trending Tokens

Mainstream altcoin sectors posted moderate gains this week. According to CoinGecko data, the AI Framework and Launchpad categories both recorded strong performance, with average gains exceeding 60% over the past seven days. The following are representative tokens and analysis of the main factors driving their price increases.

LAVA – Lava Network (+197.67%, Circulating Market Cap $55.5M)

According to Gate market data, the LAVA token is currently trading at 0.16345 USD, up 197.67% in 24 hours. Lava Network is a protocol that coordinates traffic between on-chain AI agents, applications, and wallets. It aggregates multiple data providers and routes queries and transactions based on their speed and reliability. The protocol has generated over 3.5 million USD in revenue and paid more than 1 million USD to service providers. If blockchain is a city, Lava serves as the core infrastructure controlling data pathways.

This round of gains was largely news-driven. According to Lava’s official communications, Standard Chartered Bank projects that by 2028, 1 trillion USD of capital will flow out of emerging-market banks into stablecoin assets. Each stablecoin transaction depends on RPC interfaces, where Lava Network plays a key infrastructure role. As market awareness of on-chain data infrastructure grows, combined with Lava’s recent progress in cross-chain support and decentralization, investor attention and expectations for the LAVA token have surged, driving a nearly 198% increase within 24 hours.

COAI – ChainOpera AI (+81.59%, Circulating Market Cap $1.096B)

According to Gate market data, COAI is currently priced at 5.6588 USD, up 81.59% in 24 hours. ChainOpera AI is an artificial intelligence infrastructure project designed to provide high-performance AI model inference and data processing for on-chain applications. The project integrates AI inference nodes with decentralized computing resources to build an on-chain AI network ecosystem. COAI serves as the platform’s native token, used for computation payments, staking, and governance.

The latest price increase was driven by expanded partnerships and new product launches. ChainOpera announced collaborations with multiple ecosystem projects, further strengthening its influence within the AI network segment. Additionally, COAI recently introduced derivative trading products with up to 5x leverage, attracting additional market attention. Community recognition of its “on-chain AI model traffic layer” positioning has risen, while increasing liquidity and capital inflows have fueled its short-term rally.

MNT – Mantle (+19.40%, Circulating Market Cap $9.157B)

According to Gate market data, the SYRUP token is currently quoted at $0.49751, up 7.64% within 24 hours. Maple is an on-chain credit market platform targeting institutional lending needs. Recently, it launched syrupUSDC, a derivative stable asset on the Arbitrum network, which can be used as collateral to borrow other mainstream stablecoins (such as USDC, USDT, GHO) and has been integrated into multiple lending protocols including 0xfluid, MorphoLabs, and Euler. This SYRUP increase may be related to syrupUSDC’s official launch on the Arbitrum network. The asset has now been integrated into multiple lending protocols and included in the Arbitrum DRIP incentive program, allowing users to borrow stablecoins using syrupUSDC as collateral and receive additional rewards. The launch of this feature enhanced the usage scenarios of syrupUSDC and may increase overall platform capital activity, becoming one of the short-term factors attracting market attention.

Focus of the Week

Plume acquires institutional staking protocol Dinero to strengthen RWA and compliant staking integration

Public blockchain Plume, focused on real-world asset finance (RWAfi), announced the acquisition of Dinero, an institutional-grade staking protocol on Ethereum. The merger will integrate staking capabilities for major assets such as ETH, SOL, and BTC into the Plume ecosystem. After integration, institutional investors and DeFi users will be able to access staking yields and manage tokenized assets within a unified platform, improving overall operational efficiency and compliance management. This move reflects Plume’s ambition to bridge regulated finance with on-chain asset management and advance its vision of a unified, compliant asset service platform.

Dinero’s core product, ipxETH, is a compliant staking solution with a total value locked exceeding 125 million USD. The protocol maintains partnerships with leading institutions such as Galaxy Digital and Laser Digital. Plume stated that the acquisition will enhance its technical capacity in compliant staking while expanding its foundational infrastructure for real-world asset integration. As the DeFi market increasingly seeks convergence with traditional finance, this type of consolidation is seen as an important step toward greater institutional participation and broader asset utility.

21Shares partners with wealth-management platform Stratiphy to bring crypto ETNs to retail investors

Crypto asset issuer 21Shares announced a partnership with the wealth-management platform Stratiphy, which will list and offer multiple 21Shares exchange-traded notes (ETNs), including physically backed Bitcoin and Ethereum products. This collaboration makes Stratiphy one of the first wealth-management platforms to integrate 21Shares’ ETN offerings, marking a step toward the mainstream adoption of crypto-linked financial instruments within regulated retail channels.

21Shares has long specialized in transforming digital assets into tradeable financial products, while Stratiphy focuses on strategy-driven investment tools and user experience. The inclusion of crypto ETNs in Stratiphy’s product suite highlights the growing demand for diversified asset allocation among retail investors. The partnership not only broadens retail access to regulated crypto products but also demonstrates increasing acceptance of structured, compliant crypto investment vehicles in the wealth-management industry. More platforms are expected to follow, further accelerating the integration of crypto assets with traditional financial products.

Jupiter and Ethena Labs to launch stablecoin JupUSD, expected in Q4

Decentralized trading aggregator Jupiter announced plans to launch its native stablecoin, JupUSD, expected to go live in the fourth quarter. The stablecoin is being co-developed with Ethena Labs, aiming to serve as a financial instrument native to the Jupiter ecosystem (Jupiverse) that combines payment stability with seamless protocol integration. The move also reflects Jupiter’s strategy to enhance financial autonomy within its ecosystem by introducing a native stablecoin to improve capital efficiency and transactional cohesion.

The introduction of JupUSD represents both a brand extension and a potential reconfiguration of Jupiter’s internal incentive mechanisms. For example, JupUSD may be used for trading fee discounts, DeFi collateralization, and governance incentives. Ethena Labs’ involvement also suggests that JupUSD could adopt a design distinct from traditional fiat-backed stablecoins, possibly integrating derivative hedging or staking-yield distribution models for a more flexible peg mechanism. Overall, JupUSD is expected to enrich the diversity of the stablecoin landscape and offer users a stable asset tailored to the ecosystem’s native use cases.

Key Market Data Highlights

Uniswap TVL surpasses 7 billion USD, marking a new high for 2025

According to DeFiLlama data, Uniswap’s total value locked (TVL) has climbed to approximately 7 billion USD, reaching its highest level since the start of 2025. At the same time, the UNI token price has continued to recover, approaching the 8 USD level, while the protocol generated more than 10 million USD in cumulative fees over the past week.

This indicates a significant rebound in trading activity and liquidity supply within the Ethereum ecosystem. Analysts attribute Uniswap’s growth to its ongoing multichain expansion, progress in V4 protocol testing, and optimizations to liquidity provider (LP) incentive mechanisms. Against the backdrop of renewed capital inflows across the DeFi market, Uniswap has once again consolidated its position as a core piece of decentralized trading infrastructure, demonstrating strong ecosystem resilience and protocol profitability.

Bitcoin spot ETFs record 897 million USD net inflows over the past seven days, institutional demand surges

According to Farside data, as of October 8, US-listed Bitcoin spot ETFs recorded a total net inflow of approximately 897 million USD over the past week. Notably, October 6 alone saw 1.205 billion USD in net inflows, the highest single-day figure in nearly two months, signaling a strong resurgence of institutional capital.

Among individual products, BlackRock’s IBIT and Fidelity’s FBTC led the market, attracting over 600 million USD and 150 million USD in inflows respectively, while some smaller ETFs experienced modest outflows. The renewed inflows are closely correlated with Bitcoin’s breakout above key resistance levels and reflect improving institutional sentiment toward crypto assets heading into the fourth quarter. With growing expectations of monetary easing by the Federal Reserve and heightened demand for hedging against macroeconomic risks, the upward trend in Bitcoin ETF inflows is likely to continue.

Gold rally drives XAUT market cap to record high as tokenized assets gain traction

Rising international gold prices have boosted demand for tokenized gold assets. According to CoinGecko data, Tether’s tokenized gold product, Tether Gold (XAUT), has surpassed a market capitalization of 1.5 billion USD, reaching a new all-time high. Each XAUT token represents one ounce of physical gold stored in Swiss vaults, combining the stability of gold with the efficiency and accessibility of blockchain technology. The asset class has grown rapidly in recent years as investors increasingly pursue portfolio diversification and digital asset exposure.

This milestone reflects the accelerating convergence of traditional finance and blockchain applications. Compared with conventional gold holdings, tokenized gold offers superior liquidity and can be integrated into DeFi use cases such as collateralization, lending, or trading. In an environment of sustained central bank gold accumulation, ongoing geopolitical tensions, and persistent inflation risk, demand for gold-backed digital assets is expected to rise further. Tether Gold has emerged as a leading product in this category, solidifying its position in the growing market for tokenized real-world assets.

Funding Weekly Recap

According to RootData, between October 2 and October 9, 2025, a total of 14 crypto and blockchain-related projects announced new financing rounds or acquisitions, spanning sectors such as crypto treasury management, on-chain insurance, and infrastructure development. Overall funding activity remained elevated, reflecting continued capital allocation toward Ethereum infrastructure, AI applications, and asset tokenization. The following are summaries of the three largest funding deals this week:

DDC

Announced on October 8 the completion of a 124 million USD financing round to advance its Bitcoin reserve strategy.

DDC Enterprise (NYSE: DDC) is a corporate finance innovation firm that adopts Bitcoin as a core reserve asset and integrates blockchain technology into enterprise asset management systems. The company plans to increase its Bitcoin holdings to 10,000 BTC by the end of 2025, further strengthening its leadership position in the Web3 corporate finance sector.

Meanwhile

Announced on October 7 the completion of an 82 million USD financing round to expand its Bitcoin-based insurance and financial product ecosystem.

Meanwhile is a life insurer denominated in cryptocurrency, with premiums and claims settled in Bitcoin (BTC). The company aims to build a financial infrastructure centered on Bitcoin as a unit of account. Its AI-powered policy system allows users to easily apply for Bitcoin-denominated life insurance products, offering a tax-efficient way to activate and allocate a portion of policyholders’ Bitcoin holdings.

Bee Maps

Announced on October 6 the completion of a 32 million USD financing round to expand its data collection network, enhance its AI mapping engine, and extend enterprise use cases, driving adoption of real-time mapping solutions in next-generation transportation and infrastructure.

Powered by Hivemapper technology, Bee Maps is building the world’s freshest and most real-time map through community-sourced contributions and AI-driven processes. The platform aggregates data from global drivers and devices to generate decentralized, continuously updated geospatial information, providing real-time navigation and infrastructure data for fleet management, autonomous vehicles, and urban planning.

Next Week to Watch

Token Unlocks

According to Tokenomist data, in the next 7 days (October 9–October 16, 2025), the market will see several important large token unlocks. The top 3 are as follows:

• ATH will unlock tokens worth about $643.7M in the next 7 days, accounting for 10.1% of circulating supply.
• APT will unlock tokens worth about $58.13M in the next 7 days, accounting for 1.6% of circulating supply.
• LINEA will unlock tokens worth about $28.25M in the next 7 days, accounting for 6.9% of circulating supply.
  
  
  References:

• 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/
• etherscan, https://etherscan.io/gastracker
• Coingecko, https://www.coingecko.com/en/categories
• X, https://x.com/jupiterexchange/status/1975929208049463384
• X, https://x.com/plumenetwork/status/1975914181439471755
• Coindesk, https://www.coindesk.com/business/2025/10/08/wealth-management-app-stratiphy-and-21shares-partner-for-uk-access-to-crypto-etns
• Defillama, https://defillama.com/protocol/uniswap
• Farside, https://farside.co.uk/btc/
• Rootdata, https://www.rootdata.com/Fundraising
• Tokenomist, https://tokenomist.ai/

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