2025.8.21 Market Analysis

Market Trends

Bitcoin and Ethereum rebound,

Market focus is around Ethereum and OKB.

U.S. stock market declines, Fed minutes are hawkish, just wait for interest rate cuts, no need for excessive speculation.

Market Highlights:

1. Public chain coin OKB rises to a new high, aiming to upgrade for global payments + RWA + DeFi public chain. X Layer is based on Polygon's zkEVM L2. TPS reaches 5000 (Solana's daily is about 4000 TPS), gas fees close to 0. OK Pay defaults to using X Layer as the underlying settlement network, connecting to OKX's 60 million users. OKX eliminates outdated OCT based on Cosmos technology and concentrates resources on developing OKB. Meme coin Okay surges. There may be a pump before OK goes public in the U.S.

2. Desci's BIO continues to rise, becoming a launch platform, with V2 version starting staking for new investments.

3. Domestic public chain CFX rebounds amid rumors that China is going to issue an official stablecoin.

4. BSC chain BASE surges, focusing on on-chain identity services, with market expectations that BN may provide support.

5. Stablecoin public chain Plasma collaborates with BN for savings airdrop. Plasma's on-chain ecosystem may have speculative opportunities.