Gate Research Institute: Lido's market share in the Ethereum staking market has dropped to 24.4%|Tether announces the integration of Spark into WDK

Crypto Market Overview

  • BTC (-4.04% | Current Price 118,692 USDT): BTC has slightly decreased by 4.04% in the past 24 hours. After breaking through the new high of 124,000 USD, BTC quickly dropped back to the range of 118,000 to 119,000 USD. However, from the 1-hour MACD indicator, the short-term moving average has crossed above the long-term moving average, forming a preliminary golden cross. From the technical indicators, BTC currently shows a divergence pattern of short-term overbought (RSI1:62.5), mid-term adjustment (RSI2:43.3), and long-term oversold (RSI3:17.3), indicating that the market is at a critical point of transition between bullish and bearish forces. On August 14, BTC ETF saw an outflow of 292 million USD, with ARKB seeing an outflow of 149 million USD and FBTC 113 million USD.
  • ETH (-3.04% | Current Price 4,595 USDT): ETH has dropped 3.04% in the past 24 hours. The decline is lower than the median of Bitcoin and the Top 100 altcoins, indicating ETH's strong price performance recently. From the 1-hour MACD indicator, the short and long moving averages of ETH have formed a golden cross, suggesting sustained bullish momentum in the short term, although momentum has weakened. The short-term RSI is 56.9, indicating a neutral to slightly overbought condition. On August 14, ETH ETF inflows reached $119 million, with Fidelity and Grayscale's ETF funds inflowing $56.9 million and $60.7 million respectively.
  • Altcoins: In the past 24 hours, altcoins have shown a declining trend. The fear and greed index currently stands at 60, indicating a decrease in investor optimism towards the market.
  • Macro: On August 14, the S&P 500 index rose by 0.03%, closing at 6,468.54 points; the Dow Jones index fell by 0.02%, closing at 44,911.26 points; the Nasdaq index fell by 0.01%, closing at 21,710.67 points. As of August 15 at 9:00 (UTC+8), the spot price of gold is temporarily reported at 3,336 dollars per ounce, with a 24H increase of 0.03%.

Trending Tokens on Juejin

SKL SKALE (+49.87%, circulating market value 283 million USD)

According to Gate.io market data, the current price of SKL token is 0.047 USD, with a 24-hour increase of 49.87%.

SKALE is a decentralized network dedicated to providing scalable and secure infrastructure for deploying and developing decentralized applications. The project plans to address the scalability challenges faced by existing blockchain networks (such as Ethereum) using unique sidechain technology that enables high throughput and low transaction fees. The demand for decentralized applications is growing, leading to a more urgent need for scalable and secure infrastructure solutions than ever before. The SKALE network is built on unique sidechain technology that can process transactions and smart contracts in parallel, achieving high throughput and low transaction fees. As a result, developers can create decentralized applications capable of handling large numbers of users and transactions, making these applications easier for the mass market to access and use.

On August 12, the Hollywood-level cross-media franchise project "It Remains" was launched on the SKALE network. This integration leverages SKALE's gas-free, high-speed, EVM-compatible chains for interactive AR/VR experiences, unlockable story chapter NFTs, DAO governance through the $RESISTER token, and fan-driven narrative shaping. The project encompasses novels, games, collectibles, television, films, and board games, with a roadmap for 2024-2028 attracting over 120,000 fans and generating over $900,000 in revenue, thereby enhancing the visibility of the SKALE ecosystem. As a result, the price of the SKL token has risen by 132% in the past 7 days.

XNY Codatta (+26.32%, circulating market value 147 million USD)

According to the market data from Gate.io, the current price of the XNY token is 0.017 USD, with a 24-hour increase of 26.32%.

Codatta (XNY) is a multi-chain, open, and decentralized data protocol dedicated to closely integrating Web3's data infrastructure with human contributors and AI expert agents. It not only provides a complete process for data submission, encryption storage, verification, and assetization but also allows contributors to have rights to data assets and continuously receive returns through AI-driven applications, achieving the digitization and monetization of knowledge. This protocol operates through the XnY network, utilizing multiple mechanisms such as AI, automated economic incentives, and community verification to achieve high accuracy and verifiability of data. The ultimate goal is to establish a knowledge innovation engine driven by both humans and AI.

On August 14, Codatta partnered with Kite AI to become the first data module of its ecosystem, utilizing Kite's identity, payment, and governance framework to achieve a seamless decentralized AI data economy. Additionally, dialogues with Alibaba Cloud's Qwen model, CARV, and other AI labs further enhance Codatta's utility in the AI and DeSci (decentralized science) fields, promoting data contributors to earn royalties through tokenized knowledge. This positive news may have driven the token price up in the last 24 hours.

CHEX Chintai (+16.43%, circulating market cap 181 million USD)

According to Gate.io market data, the current price of the CHEX token is $0.181, with a 24-hour increase of 16.43%.

Chintai is a one-stop modernization solution for the capital market, regulated and licensed by the Monetary Authority of Singapore. The Chintai platform leverages blockchain technology to empower traditional finance and innovative enterprises, allowing them to harness the power of digital assets. The platform provides access to a powerful automated compliance engine, supported by Chintai's proprietary Sentinel-AI technology, offering end-to-end white-label solutions. Chintai's product suite includes dynamic security token issuance, high-performance secondary trading, and automated compliance infrastructure for regulated digital assets, aimed at bridging the gap between enterprises and compliance blockchain technology through its blockchain Platform as a Service (BPaaS) model.

Recently, multiple social media accounts of X have exposed the integration of Chintai with Chainlink, including Chainlink's cross-chain communication protocol (CCIP) and data feeds, which enhances the interoperability, transparency, and security of the RWA market. Although some of it is market speculation, this development has attracted investor attention, driving price rebounds and correlating with Chainlink's recent launch of real-time foreign exchange and precious metals pricing data. This positive news may have contributed to the token price increase over the past 24 hours.

Alpha Interpretation

Lido's share in the Ethereum staking market has dropped to 24.4%, and Figment has gained the most new staking users in the past month.

Lido's share in the Ethereum staking market has dropped to 24.4%, a historic low. In contrast, Figment has seen the highest increase in new staking users over the past month, adding approximately 344,000 staking users, currently accounting for 4.5% of all staked ETH. This shift indicates that the staking ecosystem is maturing. Once seemingly unshakeable, Lido is now facing multiple pressures from institutional operators, community-driven decentralized protocols, and exchange staking products. For Ethereum, this diversification may signal an improvement in blockchain health. If the trend continues, the Ethereum staking market in 2025 may bid farewell to the concerns of single service provider monopolies and enter a new stage of competition for specialized service models.

The shift in the Ethereum staking market landscape signifies that the ecosystem is moving towards a more mature stage — the significant decline in the share of leading service providers reflects that the risks of over-concentration are easing, and the formation of a diversified competitive landscape will drive technological innovation and service upgrades. With the rise of various participants such as institutional operators, decentralized protocols, and trading platforms, the market is transitioning from a single dominance to a specialized segmented development. This more balanced ecological structure not only enhances the network's degree of decentralization but also lays a healthier foundation for the long-term robust development of Ethereum.

Tether announced the integration of Spark into WDK, supporting the Lightning Network's non-custodial financial infrastructure.

Tether announced the integration of Spark into its open-source wallet development kit (WDK), supporting non-custodial financial infrastructure for the Lightning Network. WDK is an open-source modular software development kit designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USD₮, XAU₮, and Bitcoin into any application, website, and device. Lightspark's Bitcoin Lightning Network infrastructure provides businesses with a complete toolchain for payment modernization, existing system integration, and new business scenario development, which aligns closely with Tether's vision of building a financial system that emphasizes privacy and permissionless innovation. This collaboration also highlights Tether's commitment to supporting users in achieving seamless value transfer with emerging AI systems by providing powerful non-custodial tools.

This collaboration marks a significant advancement in the construction of open financial infrastructure, greatly lowering the threshold for building new wallet applications that allow users to have autonomous control over their assets by deeply integrating cutting-edge decentralized payment network technology into open-source developer tools. It not only powerfully promotes a financial ecosystem vision focused on privacy protection and permissionless innovation but is also crucial for future human-machine collaborative economic models. This move will accelerate the popularization of the next generation of programmable and censorship-resistant financial experiences.

Dinari will launch Layer 1 blockchain Dinari Financial Network

The blockchain-based U.S. stock trading service startup Dinari announced the launch of the Layer 1 blockchain Dinari Financial Network. Designed as a coordination and settlement layer for securities issued by other networks such as Arbitrum, the network is custom-built using the Avalanche (AVAX) tech stack. The testnet is currently running and is planned for public release in the coming weeks.

Dinari has launched the Dinari Financial Network built on Avalanche technology, marking a new stage in blockchain securities trading. As a coordination and settlement layer specifically designed for security tokens, the Dinari Financial Network will enhance cross-chain interoperability of networks like Arbitrum, improve trading efficiency, and reduce settlement costs. The successful operation of the testnet demonstrates technical feasibility, and the public release in the coming weeks will provide institutions and individual investors with a more compliant and transparent on-chain securities trading infrastructure.
Reference:


[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption currency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate shall not be liable for any losses or damages resulting from such investment decisions.

ETH-1.84%
SPK-2.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)