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Gate Research Daily Report: On August 13, BTC continued its upward consolidation, briefly approaching the $120,000 mark; ETH surpassed the $4,600 level, reaching a new high in the current rally. Cyber token surged over 220% following its successful exchange listing and institutional buyback plan; Solana ecosystem meme coin Fartcoin and computing network token Qubic also showed strong performance. DeFi platform Aave’s borrowing volume exceeded $25 billion, setting a new record. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoins, while MANTRA Chain’s testnet achieved full EVM compatibility with its mainnet scheduled for launch in September. Major US stock indices rose across the board, reflecting increased risk appetite and an overall bullish crypto market atmosphere.

Gate Research Daily Report: On August 13, BTC consolidated near $119,000; ETH broke above $4,600 with a 7.09% gain; and GT recovered to $16.745. Aave’s outstanding borrowings exceeded $25 billion, marking a record high and reflecting a notable rebound in DeFi lending demand. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoin and institutional-grade financial use cases, with a public testnet planned for the fall. RWA-focused blockchain MANTRA Chain achieved full EVM compatibility on its testnet and is scheduled to launch its mainnet in September.

Last week, Lido DAO (LDO) surged over 62% in 7 days, fueled by Ethereum's strong price rally and institutional custody support. Aerodrome Finance (AERO) gained nearly 49%, boosted by liquidity expansion on the Base network. Base led inflows with a net $80.3 million, reversing its previous streak of outflows. Driven by SocialFi and the creator economy, its TVL has surpassed $4.6 billion, establishing a multi-layered closed loop of trading, content, and social interaction.