[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202508051510556978762792.webp) - Market Commentary: BTC price slightly decreased by 0.19% over the past 24 hours, with trading volume increasing, indicating high market activity. Technical analysis shows BTC stabilizing at the $114,000 support level, with RSI at 43 suggesting oversold conditions, and MACD showing a positive crossover but weakening momentum. ETH rose 2.39% in the last 24 hours. Technical analysis indicates an RSI of 72, suggesting overbought conditions, MACD showing a sell signal, but moving averages supporting a bullish trend. - Top Tokens: M, MNT, and LTC have performed strongly in the past 24 hours. M’s listing on major exchanges has increased the token’s visibility and accessibility, attracting investors and boosting trading volume. MNT’s significant rise over the past 24 hours is likely tied to the recent launch of a 9-day reward event by the Mantle network called “Mantle Tide.” Starting on July 30, this event offers $25,000 in MNT rewards, encouraging user participation in Mantle dApps and UR tasks, which may drive demand for MNT. LTC’s price surge in the past 24 hours is primarily driven by KOL promotions on social media platforms, technical breakthroughs, increased trading volume, and positive market sentiment. - Alpha Insight: Crypto wallet Phantom announced the acquisition of Solsniper, an AI-based on-chain Memecoin trading platform for Solana. Ethereum's on-chain monthly transaction volume in July exceeded $238 billion, a 70% increase month-on-month. This is also the highest monthly transaction volume since December 2021, setting a new record for the past four years. According to data from the Artemis website, Sei's daily active users surpassed Solana for the first time on August 2. Sei's recent launch of native USDC and introduction of Ondo and Backpack, among others, has doubled its daily active user count in the last 3 months. Discover more details today → Ethereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time | Gate Research Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team August 5, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

Gate Research: Ethereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time