Gate Ventures: Market volatility leads to cautious sentiment, institutional-level on-chain infrastructure becomes a market highlight

According to the latest cryptocurrency weekly report released by Gate Ventures, the overall cryptocurrency market maintained a volatile pattern last week, with mainstream assets showing lackluster performance. BTC and ETH slightly retreated, dropping by 0.69% and 0.8% respectively, while overall market sentiment remained in a cautious range. ETF funds continued the trend of net outflows, with BTC ETF experiencing a net outflow of approximately $681 million and ETH ETF a net outflow of about $68.6 million; the Fear and Greed Index remained at 27, indicating a weak risk appetite in the market. The total market capitalization of the cryptocurrency market remained basically flat, with small and mid-cap tokens facing relative pressure. Notably, as social platforms launched new features related to asset market displays, on-chain meme activity saw a temporary increase, with some tokens experiencing significant volatility; the overall changes among the top 30 assets were limited, although privacy-related and some high-performance public chain assets recorded relatively prominent gains.

On the industry front, progress related to institutions and infrastructure continued to advance. The Ethereum staking ecosystem experienced structural changes, with the pressure from validator exits significantly alleviated, and the scale and participation in staking remained high. Meanwhile, traditional financial institutions have promoted on-chain deposit and settlement solutions, highlighting the increasing adoption of blockchain infrastructure in institutional-level application scenarios. In terms of investment and financing, a total of 9 transactions were disclosed last week, with a cumulative disclosed financing amount of approximately $275 million, primarily flowing into infrastructure, stablecoin payments, and Bitcoin-related foundational protocols, indicating ongoing capital interest in underlying and application-oriented infrastructure.