Gate Ventures: The overall market remains stable, with new narrative sectors showing structural strength

According to the latest crypto weekly report released by Gate Ventures, macro indicators cooling down have led to uneven risk appetite, and the overall market remains cautious. BTC and ETH are fluctuating within a narrow range, but ETF net outflows continue, and the Fear & Greed Index remains in the “Extreme Fear” zone. Meanwhile, the market saw an overall rebound of +3.9% on Monday, mainly driven by increased institutional narratives, including Grayscale submitting an application for a SUI Trust and the official launch of its Chainlink ETF.

On the ecosystem front, Aave and CoW launched the first intent-based flash loan product, further expanding programmable DeFi; Galaxy acquired Alluvial, accelerating its institutional-grade liquid staking layout; Grayscale launched the LINK ETF, with a first-day inflow of $41 million, indicating strong institutional demand for regulated altcoin exposure.

In terms of financing, there were 23 deals completed this week, with DeFi accounting for 48%. The total disclosed fundraising amount reached $215 million, a 31% increase week-over-week. Overall, despite weak market sentiment, institutional participation and infrastructure construction are continuously strengthening, laying an important foundation for structural recovery in the next cycle.