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Gate Research Institute: BEAT rose by over 46% last week, competition in the BSC prediction market is heating up | Gate VIP Weekly Report
Highlights of Last Week's Market Overview:
Alpha Mining: BTC rebounded after a quick drop near $83,800, but the trading volume did not show a significant increase, reflecting more of a technical correction rather than a trend reversal. ETH performed relatively stronger than BTC during the same period, regaining the $3,000 mark over the weekend, but overall it is still in the recovery phase after the previous pullback, and it has not yet confirmed the start of a new trend upward. BEAT saw an increase of over 46.00% last week, making it the most outstanding token.
On-chain funds: Ethereum has become the main funding receiving end, significantly ahead of other networks. In contrast, networks with strong high-frequency trading attributes such as Hyperliquid and Base have seen a noticeable outflow of funds. The competition within the BSC network's prediction market has entered a heated stage, with Opinion occupying a dominant position thanks to low fees and early liquidity advantages. Although its new platform has made innovations in mechanisms and incentives, the marginal contribution to the overall scale remains limited.
This report will conduct an in-depth analysis of the trends mentioned above and provide detailed market data and technical interpretations. Click to view the full report to accurately grasp market dynamics, gain forward-looking strategic insights, and uncover the next round of potential opportunities.
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the cryptocurrency market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate shall not be responsible for any losses or damages arising from such investment decisions.