MBA Mortgage Refinance Activity Index for the week ending August 22 in the United States

🔥 Fresh listings on Gate Alpha xStocks section: $GLDx Trade early. Earn Alpha Points. Stay ahead of the curve. Discover the next narrative now on Gate Alpha — Gate’s one-stop on-chain trading portal gate.com/alpha #Gate #GateAlpha #GLDx

After July 4th, xStocks volume fell by 93%, indicating a reliance on the holiday arrangements of traditional finance (TradFi). Although it can be accessed 24 hours a day, stock tokenization may still be closely related to the rhythm of Wall Street.

There aren't many tokens/memes on Xlayer yet. That's a blessing. We don't need another Solana 2.0. This is why people call it the New Money Chain. Bridges will come, liquidity will flow. If you're already here Stop chasing charts. Start picking communities. 100 people

Avalanche (AVAX), as a veteran player in the high-performance public chain sector, has been committed to a multi-chain collaboration development strategy. Its unique subnet mechanism provides customized blockchain solutions for institutions and project parties, with in-depth layouts in areas such as Decentralized Finance (DeFi), GameFi, and real-world asset tokenization (RWA). From a market perspective, AVAX currently has a circulating market value of approximately $9.7 billion, with a total market capitalization exceeding $14 billion. It is noteworthy that after experiencing high selling pressure in the earlier stages, the holder structure of AVAX is now mainly composed of medium to long-term investors, leading to a more stable distribution of holdings. Recently, the Avalanche ecosystem has shown a positive development trend. The foundation is actively promoting more RWA projects to be launched on-chain and collaborating with several traditional financial institutions. At the same time, the NFT and gaming sectors have also begun to recover, especially the scalability of subnets attracting new developers to join the ecosystem. Although the overall enthusiasm is not as high as some overhyped projects, AVAX shows a good state of 'solid fundamentals and not overly hyped in the short term.' From a technical perspective, the price trend of AVAX shows a double bottom pattern and has currently entered the middle area of the daily dual tunnel, which usually indicates the arrival of a consolidation phase. According to historical patterns, this formation often leads to a wave of increasing volume followed by a period of consolidation. When the daily tunnel forms a golden cross, it may usher in an acceleration phase. Overall, AVAX has solid fundamental support, reasonable chip distribution, and a market value at a moderate level. The double bottom pattern and tunnel indicators on the technical side also show positive signals. In the short term, AVAX is expected to迎来 a wave of daily-level upward movement, while whether it can continue to a higher level cycle depends on the market performance after the golden cross. For investors focused on high-performance public chains and multi-chain ecosystems, AVAX is undoubtedly a project worth continuous attention. However, the cryptocurrency market is highly risky, and investors should exercise caution and comprehensively assess risks when making decisions.

Berryfiable Compute, the narrative that makes ZK sweeter. A certain blockchain project has symbolically represented ZK and verifiable compute with Berry, allowing it to establish a presence in the community. ZK was powerful but had low accessibility. This project transforms it into a narrative called Berryfiable Compute, Prover=Farmer,