August 15 Market Key Insights, How Much Did You Miss?

律动BlockBeats

2025-08-15 19:31

Read this article in 10 Minutes

1. On-chain Funds: $2.1M Flows into Unichain; $6.7M Flows out of Ethereum 2. Largest Price Movements: $RYU, $JSK 3. Top News: Hyperliquid Cross-chain Bridge Funds Surge to $5.2B, Setting a New All-time High

Featured News

1. Hyperliquid Bridges Assets Surpass $5.2 Billion, Setting a New Record

2. Bloomberg Reveals Justin Sun's "$24.6 Billion" Asset List, Leading to Lawsuit Claiming Privacy Breach

3. $4.6 Billion Worth of BTC and $1.3 Billion Worth of ETH Options Expire Today, Major Pain Points at $11,800 and $4,000

5. Trump Family-Linked Mining Firm American Bitcoin Seeks to Acquire a Hong Kong or Japanese Publicly Listed Company to Fund Bitcoin Treasury Strategy

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

[HYPERLIQUID]

Due to its remarkable financial performance, HYPERLIQUID has recently gained widespread attention. It is reported that both its trading volume and revenue have reached an all-time high, with a profit margin of up to 97%. The platform is using its revenue to buy back its token HYPE, sparking discussions in the market about its undervaluation compared to competitors like Circle. In addition, the launch of new features and partnerships with institutions like Anchorage Digital (including the launch of HyperEVM) have further fueled its popularity. The community is full of expectations for the future growth and innovative potential of the Hyperliquid ecosystem.

[AVAX]

Today, the discussion about AVAX has centered around the launch of the Dinari Financial Network. This is a Layer 1 blockchain powered by Avalanche, aimed at tokenizing U.S. stocks and enabling compliant transactions. This move is seen as an important step in the convergence of traditional finance and blockchain technology, attracting partners such as VanEck, BitGo, Gemini, and others. Additionally, Avalanche's performance data, including transaction volume growth and partnerships with major entities like Visa and NBA teams, highlights its expanding ecosystem and future potential.

[BNB]

The price of BNB has set a new all-time high (ATH) reaching $868, with a market cap surpassing $120 billion, positioning it as one of the most valuable assets globally. This surge has been fueled by several strategic advancements, including the completion of the "Maxwell" hard fork (reducing the block time to 0.75 seconds) and furthering its applications in traditional finance through partnerships with Kraken, Ondo Finance, and others. The BNB Chain ecosystem is also expanding, with increased on-chain activity and the launch of new projects, further driving up BNB's value. The community is generally optimistic, expecting its price to soon surpass $1,000.

[UNION]

Today, UNION sparked a discussion on Twitter due to its $U token launching on the Ethereum mainnet, marking a significant milestone for the project. The community is excited about the upcoming token generation event (TGE) and the opportunities it may seize within the current ZK frenzy. The discussion also emphasizes the project's focus on cross-chain interoperability, with many looking forward to the release of a comprehensive roadmap, tokenomics, and audit tools. The minting of 1 billion tokens has sparked speculation about its future value, and the community is eagerly anticipating UNION's performance in driving adoption post-TGE.

Featured Articles

1.《From Leading to Lagging: Why SOL Struggles to Keep Up with ETH's Momentum》

On August 13, ETH strongly broke through $4,700, hitting a new high in four years, while SOL during the same period seemed to struggle, lingering around $200. In 2024, Pump.fun drove a meme frenzy across the entire Solana chain, with Trump launching $TRUMP on it at the beginning of the year, pushing SOL's price to around $300, sparking a loud call for "Solana to replace ETH."

However, the actual trend gave the market a sobering answer. Despite ETH and SOL both advancing treasury strategies to accumulate "ammo" for their ecosystems, their performances have clearly diverged—SOL/ETH exchange rates plummeted from 0.09 at the beginning of the year to 0.042, embodying a weak trend throughout the year. The underlying reasons may not just be price fluctuations but also a comprehensive reflection of narrative heat, ecosystem structure, and differences in fund expectations.

2. "Cryptocurrency Company IPO Wave is Coming, How to Play Pre-IPO on the Blockchain"

In June of this year, internet brokerage giant Robinhood launched a new service for its European users, offering the opportunity to trade "stock tokens" of top unicorn companies such as OpenAI and SpaceX that have not yet gone public. Robinhood even airdropped a small amount of OpenAI and SpaceX tokens to eligible new users as a promotion. However, this move was immediately opposed by OpenAI.

OpenAI's official statement on X clarified that "these OpenAI tokens do not represent OpenAI equity, and we have no partnership with Robinhood." Under this message, Elon Musk did not directly comment on Robinhood's tokens, but he retweeted OpenAI's statement and ironically commented, "Your own 'equity' is the fake one." This taunt not only mocks OpenAI's capital operation after turning into a for-profit entity but also indirectly points out the strong resistance of unlisted companies to the deprivation of their "pricing power" over such shares.

Despite the skepticism, traditional brokerage firms' attempts reflect the market's strong interest in trading blockchain Pre-IPO assets. The reason is simple. The huge benefits of the primary market have long been controlled by a few institutions and high-net-worth individuals, with the valuations of many star companies experiencing exponential growth at the time of listing (or acquisition). Taking design software company Figma as an example, after failing to complete the acquisition by Adobe due to antitrust reasons, Figma went public independently in 2025 with an offering price of $33 per share. On the first day, the closing price soared to $115.5, a 250% surge. This price corresponded to a market capitalization of nearly $680 billion, far exceeding the $200 billion valuation discussed in the previous Adobe acquisition negotiations. Another example is the recently listed cryptocurrency exchange Bullish, which surged 290% after opening. These cases indicate that investing in such companies before they go public may result in returns of several times or even tens of times. However, traditionally, it has been relatively difficult and complex for ordinary investors to participate in such opportunities. Allowing retail investors to early on share the appreciation benefits of those future star companies through blockchain is precisely what makes the concept of blockchain Pre-IPO so appealing.