Announcements 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

2025-06-26 10:35:46 UTC 69468 Read

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This week, the crypto market saw a notable rebound. BTC rose strongly by 2.77%, breaking through a key resistance level, and its bullish technical formation suggests potential for continued upside. The altcoin sector also broadly recovered, with SEI leading the gains with a surge of over 50%. Meanwhile, the number of weekly active users for Ethereum-based stablecoins hit an all-time high, indicating growing utility in crypto finance.

- Market Commentary: BTC climbed 2.77% this week, breaking through the $107,000 resistance level. The bullish candlestick pattern suggests further upward momentum, with a short-term target of $110,000. In contrast, ETH dropped 1.37% and continues to face strong resistance at the upper bound of the $2,500 consolidation range, likely resulting in continued sideways movement in the near term. As geopolitical tensions in the Middle East eased, altcoins staged a broad recovery, with SEI leading the pack with a 50.70% weekly gain.
- Weekly Highlights: A U.S. SEC commissioner confirmed that the Bitcoin ETF in-kind redemption mechanism is under review, potentially streamlining institutional participation. Bit Digital announced its pivot to become an Ethereum staking-focused firm, marking a major new entrant in the ETH staking space.Lumia and Avail partnered to launch a cross-chain RWA solution, accelerating the implementation of modular RWA infrastructures.
- Key Data Highlights：The number of weekly active users for Ethereum stablecoins surpassed 750,000 for the first time, setting a new record. USDT and USDC remain market leaders. Bitcoin ecosystem Web3 social platform MetaSo exceeded 100 million on-chain interactions and introduced a 'secondary distribution' incentive mechanism to further boost user engagement. BitGo’s custody of crypto assets exceeded $100 billion, reflecting sustained institutional demand for crypto custody and staking services.
- Market Opportunities: This week, watch Mango Network (MGO) on Gate Launchpool, offering a pool of 8.4 million MGO and an annualized yield of 1,781.15%.
- Next Week to Watch: Several major token unlocks are scheduled over the next 7 days, potentially affecting market liquidity and pricing: SUI will unlock tokens worth approximately $120 million, about 1.3% of its total locked supply. BLAST is set to unlock around $22.76 million worth of tokens, representing a relatively high 34.5% of its total locked supply.OP will unlock approximately $17.11 million worth of tokens, accounting for 1.8% of its circulating supply. Investors should closely monitor these events as they may impact token price dynamics.

Explore full report → <a href="https://www.gate.com/learn/articles/gate-research-ethereum-stablecoin-users-reach-record-high-web3-social-platform-meta-so-surpasses-100-million-on-chain-interactions/9847" target="_blank">Gate Research – Ethereum Stablecoin Users Reach Record High | Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions</a>

<a href="https://www.gate.com/learn/category/research" target="_blank">Gate Research</a> is a comprehensive blockchain and cryptocurrency research platform, providing readers with in-depth content including technical analysis, market insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

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Gate Team
June 26th, 2025
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Gate Research : Ethereum Stablecoin Users Reach Record High | Web3 Social Platform MetaSo Surpasses 100 Million On-Chain Interactions

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