Friends in the crypto world, pay attention! Recently, it can be said that the 'altcoin season' has kicked off with a huge explosion: not only has MEI Pharma boldly stepped into blockchain finance, becoming the first publicly traded company to include Litecoin (LTC) in its financial reserves, but also mainstream public chains like Ethereum, Solana, Binance Smart Chain, Base, and Hyperliquid have welcomed a dual surge in data and prices thanks to the market recovery. 📈
This wave of market activity is not just a game of prices, but a collective warming of institutional and capital market confidence in altcoins and mainstream public chains. Next, let's delve into this new trend— from the surprise appearance of the Litecoin treasury to the hard data performance of mainstream public chains, bringing you a comprehensive understanding of the exciting details of this crypto drama!
MEI Pharma's 'Litecoin Treasury': Breaking traditional boundaries from medicine to crypto. 💊➡️⛓️
On July 19, American pharmaceutical company MEI Pharma (stock code: MEIP) stirred up a storm by announcing its strategic transformation, officially launching the 'Litecoin Treasury' strategy, deeply advancing into blockchain finance. This is the first time a publicly traded company in the biotechnology sector has made Litecoin a core financial reserve asset, creating a new model for institutional-level crypto asset allocation.
Notably, MEI Pharma has not only secured over $100 million in funding commitments but will also invite Litecoin founder Charlie Lee to join the board, with the Litecoin Foundation and crypto trading giant GSR also participating in the project.
On Friday morning, MEIP's stock price violently surged by 83.37%, continuing the previous day's 16.58% surge, peaking at $9 during the session, and finally stabilizing at $6.30. The daily trading volume skyrocketed over 500 times, exceeding 13 million shares, far surpassing the average daily volume of 26,000 shares—'a record low'. The market is voting with real money, betting on its blockchain transformation prospects. Following ETH, SOL, and BNB, another 'altcoin MicroStrategy' model has officially launched—Litecoin (LTC) has officially knocked on the door of institutional allocation! 🚀
Why did MEI Pharma choose Litecoin?
Since its creation by former Google engineer Charlie Lee in 2011, Litecoin has been a long-standing powerhouse among altcoins. It inherits Bitcoin's core technological framework but optimizes transaction speed, miner hardware requirements, and transaction fees, boasting faster block generation times and lower usage thresholds. Coupled with a total supply of 84 million tokens and periodic halving mechanisms, Litecoin maintains a stable deflationary characteristic.
Meanwhile, market expectations for Litecoin among institutions are rapidly heating up. According to data from the decentralized prediction platform Polymarket, as of the end of 2025, the probability of the SEC approving a spot ETF for Litecoin has reached 86%.
Litecoin is not only a pioneer in transaction efficiency and scalability but has also vigorously expanded its payment application scenarios in recent years— from tourism, convenience stores to online e-commerce, even launching a Visa debit card that supports real-time conversion of LTC to USD, making digital currency more grounded. The recent strategic partnership with MEI Pharma also highlights Litecoin's gradual opening of doors in the institutional finance field. 🔑
Charlie Lee stated: 'MEI Pharma's participation is a recognition of the Litecoin philosophy and an important step towards pushing digital assets into traditional capital markets.' This is not just capital operation but a financial experiment that promotes Litecoin as an investment target for institutions, achieving a true deep integration of 'digital assets + traditional enterprises'. 🌉
Mainstream public chains review over the past three months: Ethereum leads the way, Base and Hyperliquid shine as new stars. ✨
The news from MEI Pharma has ignited Litecoin, and mainstream public chains are also not to be outdone, with significant price and data rebounds over the past three months.
We selected eight mainstream public chains and provided a panoramic view of the underlying driving forces of this round of market activity from various dimensions including price, TVL (Total Value Locked), capital flow, and on-chain activity.
Ethereum: The return of the king catalyzed by capital. 👑
Ethereum's performance has been the most remarkable, with prices soaring from $1,600 in April to over $3,800, an increase of 130%. Thanks to the influx of ETF funds and several listed companies emulating the 'MicroStrategy' model, using ETH as financial reserves, the net capital inflow reached $8.3 billion, becoming the biggest winner.
On-chain data is also impressive, with TVL growing by 61%, daily active users and transaction counts increasing by about 12% and 16%, respectively. However, the total supply of ETH tokens has decreased, indicating that token inflow and consumption in the ecosystem are intensifying. Overall, Ethereum is steadily solidifying its dominant position in the DeFi and smart contract sectors with the help of capital and ecosystem development.
Solana: Price rebounded, ecosystem facing headwinds. 🌪️
Solana's price also rebounded from $139 to $189, but on-chain capital had a net outflow of $112 million, daily active users decreased by 14%, and the issuance of stablecoins also declined, reducing by about $1.5 billion. The staking rate remained at 66%, but the number of validators decreased, indicating an increase in the proportion of large validators.
The active platforms within the ecosystem, Pump.fun and OKX DEX, maintain trading activity, but overall ecosystem vitality has weakened. Solana is currently facing a complex situation of 'price rising while the ecosystem is under pressure', and the short-term rebound cannot hide the deeper challenges.
BSC: Activity surges, capital outflow becomes a challenge. 🔥
BNB, the token of BSC, saw a price rebound of about 30%, with daily active users and transaction counts surging by 75% and 114% respectively, while stablecoin issuance also significantly increased by 55%. Behind these data are the strong user activities brought by Alpha events.
However, in terms of funds, BSC has seen a net outflow of $950 million over the past three months, indicating that high activity does not necessarily translate into capital retention. BSC's next challenge is how to transform the bustle into sustainable ecosystem development.
Base: Rapid growth, noticeable capital outflow. 💨
As an Ethereum L2 scaling solution, Base's TVL grew by 63% within three months, daily active users soared by 115%, and transaction counts increased by 23%. Its launched Flashblocks technology shortened block generation time to 200 milliseconds, setting a new speed record for EVM chains.
However, Base had a net capital outflow of $5.6 billion, with funds flowing to the Ethereum mainnet. Although capital loss is evident, Base, as a 'blood transfusion machine' for the Ethereum ecosystem, is still expanding rapidly, offering plenty of future potential.
Hyperliquid: Outburst in adversity, data surging. 🚀
Hyperliquid quickly rebounded after experiencing a crisis of trust, with token prices soaring from $18 to nearly $50, and market capitalization exceeding $15 billion. On-chain TVL tripled to $1.94 billion, and the issuance of stablecoins also increased rapidly.
The treasury's earnings hit new highs, with over 3,000 new users added daily, and ecosystem activity is off the charts. Hyperliquid demonstrates that trust and innovation are key to a sustainable ecosystem.
Summary of other public chains.
Arbitrum: L2 position stable, data changes mild, price rebound significant.
Sui: TVL and token prices are soaring together, daily active users have rebounded after fluctuations, showing impressive performance.
Aptos: Ecosystem data shows mediocre performance, with limited price increases, potential yet to be explored.
The wave of altcoin MicroStrategy models is rising again, with institutional capital layout accelerating. 💼
From MEI Pharma's Litecoin treasury to the explosive growth of mainstream public chains like Ethereum, Base, and Hyperliquid, what we see is not just price fluctuations but a profound transformation of capital structure and ecosystem building.
Especially for established altcoins like Litecoin, they are welcoming a rebirth through the institutional MicroStrategy model. Data shows that the probability of the SEC approving a spot ETF for Litecoin has reached 86%, which will bring compliant capital inflows to LTC, enhancing liquidity and market recognition.
At the same time, mainstream public chains such as Ethereum are gradually maturing through capital promotion and technological innovation, becoming an indispensable part of institutional investment in digital assets. The underlying logic of this market activity is that capital first drives prices and hype; whether this can later translate into actual ecosystem prosperity is the core key for the sustainability of a bull market.
Summary: Bull market signals confirmed, embrace diversified allocation. 🌈
The highlight of this market activity is the comprehensive explosion of diversified assets: MEI Pharma ignited a new chapter in institutional allocation for Litecoin through tangible actions; Ethereum reshaped its dominance through dual drives of capital and technology; Base and Hyperliquid seized opportunities with technological and ecological innovations; Solana and BSC reflect different ecological opportunities and challenges.
Friends in the crypto world, it might be time to broaden your focus, not just on price fluctuations, but also on on-chain data and ecosystem development trends. Dig into those public chains and assets that truly possess long-term value and growth potential. After all, true wealth comes from understanding and embracing the deep integration of technology and capital. 💡
✍️ DYOR, manage risks well, and may everyone set sail in the crypto world! 🌊
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