10x Research encryption trend overview: HYPE big pump SUI hindered

Gate News bot message, 10x Research released a Crypto Assets trend overview to help users understand market dynamics and their reasons:

Shanzhai coin vs. Bitcoin: Tactical shanzhai coin indicators are more optimistic about Bitcoin, indicating that now is the time for careful selection and profit-taking.

Bitcoin: Driven by ETF inflows and regulatory optimism, the price of Bitcoin has exceeded $111,000, setting a new historical high.

Aave: Driven by the progress of the U.S. stablecoin regulatory bill "GENIUS Act" and the positive momentum of its GHO stablecoin and partners, Aave rose by 13.3%.

TRUMP: Despite initially being well-received and having many supporters, TRUMP fell 16% after a controversial investor event and profit-taking.

Hyperliquid: Driven by record-breaking DeFi trading volumes, dominant market share, and the excitement brought by airdrops, HYPE surged by 41.8%.

Ethereum: Vitalik Buterin calls for Ethereum to be more resilient and private, echoing the demand for cash during crises.

Solana: SOL rose due to DeFi integration and tokenization cooperation, but is still weighed down by liquidity concerns.

Ripple: XRP briefly rose due to acquisition rumors and the launch of futures, but still faces pressure from weak network growth.

BNB Chain: BNB rose due to strong network activity, hard fork improvements, and new zero-fee stablecoin withdrawal promotional activities.

Sui: After the largest DEX in its ecosystem suffered a major attack, SUI plummeted significantly, leading to a loss of market confidence.

Dogecoin: Despite a significant increase in holders and active network activity, Dogecoin (DOGE) still fell due to the delay in ETF decisions.

Cardano: After a brief rebound following the upgrade, ADA is facing profit-taking, with social media controversies intensifying the volatility.

Tron: TRX maintains its gains driven by strong trading volume in USDT and optimistic sentiment towards stablecoins, but faces pressure from whale transfers and profit-taking.

Avalanche: AVAX briefly rose after news of its partnership with FIFA and strong user growth, but then the gains retreated.

Ethena: Despite the increase in user engagement and new integrations, the ENA price has fallen due to the overall market weakness.

Jupiter: The price of JUP has increased, benefiting from the launch of the Islamic lending platform and strong DeFi integration.

Jito: Despite facing competition, JTO still shows strong on-chain activity, with a significant surge in the number of validator prompts.

Chainlink: Despite an increase in the adoption of its cross-chain protocol and partnerships with tokenized assets, the price of LINK has still declined.

Polkadot: Even after significant upgrades and improvements to its DeFi infrastructure, the DOT price still fell, showing a weak price response.

Uniswap: UNI continues to fluctuate under legal pressure but maintains its dominance in Ethereum-based DEX trading volume.

Raydium: Due to strengthening fundamentals and a decline in meme coin trading volume, Uniswap has replaced Raydium as the top DEX.

Arbitrum: Despite the new DeFi integrations and ecosystem development, the ARB price still fell.

Ondo: ONDO collaborates with JPMorgan and Chainlink to pioneer cross-chain settlement, promoting the adoption of real-world assets.

Worldcoin: WLD rose after a large-scale token sale and global expansion, but supply concerns still exist.