Gate Research Institute: Polygon introduces its native Token to Solana | Uniswap Wallet enables smart wallet features

Gate Research Daily: On June 13, BTC fell 4.30% to its current price of 103,884 USDT, and briefly fell below $103,000 during the session, with a net outflow of $202 million in ETFs in a single day. ETH dropped by 10.76%, and its current price is 2,474 USDT; The ETH ETF has seen net inflows for 18 consecutive business days, with a net inflow of $10.8 million yesterday. The altcoin market fell overall, with the Fear & Greed Index dropping to 54. The three major indexes continued to rise at the close of the U.S. stock market on Thursday, with the Dow and S&P hitting new three-month highs, and the U.S. May PPI data being better than expected, and spot gold at $3,435.15 an ounce, up 1.43% in 24 hours. The SEC has officially repealed the Gensler-era proposal for draconian DeFi regulation, and industry regulation has slowed down in the short term. Uniswap Wallet has launched a smart wallet function, which supports one-click exchange and bundled transactions. Polygon's native token, POL, is cross-chained to Solana via the Wormhole NTT framework. Gate Launchpool's new MEET48 project is now open.

##Cryptocurrency Market Overview

• BTC (-4.30% | Current Price 103,884 USDT): After consolidating around 109,000 USD for a period, BTC has experienced a fall, dipping below 103,000 USD at one point during the trading day. On Thursday, BTC ETF saw outflows of 202 million USD, with Ark ARKB having outflows of 10.7 million USD and Fidelity FBTC experiencing outflows of 197 million USD.
• ETH (-10.76% | Current Price 2,474 USDT): After a strong rebound following the market, ETH consolidated around 2,800 USD for a time, and with the market's pullback, it has once again entered a downtrend. The ETH/BTC exchange rate has fallen to 0.023; ETH's market share has decreased to 9.42%. On Thursday, ETH ETF saw a net inflow of 10.8 million USD, with Fidelity FETH accounting for 10.8 million USD of that, while the inflow and outflow data for other ETFs can be almost disregarded. The ETH ETF has achieved a net inflow for 18 consecutive working days.
• alts: The market is weakening again, with most sectors falling. The Fear and Greed Index has dropped to 54, further weakening market sentiment.
• Macro: At the close of trading on Thursday, the three major indexes rose collectively, with the Dow and S&P both hitting new closing highs in at least three months. The Dow Jones rose 0.24%, the S&P 500 rose 0.38%, and the Nasdaq Composite added 0.24%. The better-than-expected PPI report in the premarket gave a boost to U.S. stocks. The data showed that the US PPI rose 2.6% year-on-year in May, in line with expectations; Core PPI rose 3%, below market expectations of 3.1%. As of 11:00 a.m. (UTC+8) on June 11, spot gold was trading at $3,435.15 per ounce, up 1.43% in 24 hours.

##Trending Tokens on Juejin **ATM ** Atletico Madrid Fan Token (+11.17%, circulating market cap 8.0828 million USD) According to Gate market data, the current price of ATM Token is 1.204 USD, with a 24-hour increase of 11.17%. The current circulating market cap of ATM is 8.0828 million USD. Atletico de Madrid Fan Token (ATM) is a Chiliz Chain-based Fan Token of Atlético de Madrid, designed to provide fans with interaction and engagement opportunities through the Socios Platform. As a utility token, ATM runs on Chiliz Chain, an Ethereum-based Proof-of-Authority sidechain, and is mainly used in the following scenarios: governance, where token holders can vote to participate in Atletico Madrid's fan decision-making through smart contracts; Rewards, which allow Users to earn exclusive rewards by participating in events on the Socios Platform; Token staking, support staking ATM in the future to get NFT rewards.
ATM has shown a stable upward price performance recently, driven by two factors: first, the deep integration of the Chiliz ecosystem with the global sports industry has attracted a large number of fan users, especially during the increased popularity of Atlético Madrid events, leading to a significant increase in demand for ATM. Secondly, the optimization of the Socios platform's functions and the anticipated launch of the NFT reward mechanism have further enhanced the market appeal of ATM.

NXPC NEXPACE (+ 10.46%, $246 million outstanding market cap) According to Gate market data, the current price of NXPC Token is 1.41 USD, with a 24-hour rise of 10.46%. The current circulating market value of NXPC is 246 million USD. MapleStory Universe (NXPC) is a blockchain-based decentralized gaming ecosystem developed by South Korean gaming giant Nexon through its blockchain subsidiary, NEXPACE, and built on Avalanche's Henesys L1, integrating the 20-year-old MapleStory IP to provide blockchain-powered MMORPG applications such as MapleStory N. NXPC is the core governance and utility token of the MapleStory Universe ecosystem, supporting players to participate in the ecological construction through the creation and trading of NFT assets and the "Create-to-Earn" economic model. Users can use NXPC to redeem in-game items, eco-governance, and developer incentives, and the ecosystem realizes real ownership of player assets and a community-driven economic system through blockchain technology, which is widely used in Web3 games and NFTs The recent strong price performance of NXPC is mainly driven by the following factors: First, MapleStory Universe is backed by the huge user base of MapleStory IP (more than 180 million registered users worldwide) and the brand influence of Nexon, which has attracted a large number of traditional gamers and crypto users, especially after the launch of MapleStory N on May 15, 2025, the surge in ecological transaction volume has boosted the demand for NXPC. Second, NXPC's listing on major exchanges has significantly improved its liquidity and market accessibility, combining an innovative "Reward Experience" (RX) mechanism and a three-token model (NXPC, NFT, NESO) to enhance the token's utility and long-term value potential. ##SOLV Solv Protocol (+6.00%, Circulating Market Cap 67.35 million USD) According to Gate market data, the current price of SOLV Token is 0.045 USD, with a rise of 6.00% in the last 24 hours. The current circulating market value of SOLV is 67.35 million USD. Solv Protocol (SOLV) is a leading Bitcoin staking protocol focused on maximizing the utilization of idle Bitcoin assets by unlocking the liquidity of Bitcoin, building a Bitcoin-centered Decentralized Finance ecosystem. SOLV is based on the Bitcoin network and, through an innovative staking mechanism, allows users to stake BTC into the protocol, participate in Decentralized Finance (DeFi) activities, earn returns, while retaining the long-term value of Bitcoin. SOLV, as an important infrastructure in the Bitcoin ecosystem, has its price trends closely related to the market performance of Bitcoin (BTC). Recent fluctuations in Bitcoin prices and the market's growing demand for BTC DeFi have directly driven the usage demand for SOLV. Additionally, the continuous optimization of the Solv Protocol at the technical level, such as cross-chain interoperability and upgrades to the staking mechanism, has enhanced the protocol's appeal and user participation, particularly its unique positioning in the Bitcoin DeFi space has stimulated market enthusiasm.

##Alpha Interpretation

SEC officially repeals the harsh proposals for DeFi and custody put forward during the Gary Gensler era.

On June 13, the U.S. Securities and Exchange Commission officially withdrew several proposed rules on Thursday that would impose stricter regulations on DeFi and cryptocurrency custody. These proposals were made under the leadership of former Chairman Gary Gensler (Gary Gensler) , who led the agency's "regulatory enforcement" approach. The withdrawn proposals included a proposed amendment to Rule 3b-16 of the Exchange Act published in April 2023. The SEC's withdrawal of the proposal is regarded as a phased victory for the DeFi and crypto industries, which reduces the compliance burden and regulatory pressure on enterprises in the short term, and releases a positive signal for the innovation and development of the industry. However, this does not mean a complete abandonment of regulation. Although the proposal has been repealed, the SEC has not made it clear that it will abandon its regulatory attempts on DeFi and may restart regulatory attempts in other forms in the future. This move is also seen as a shift in policy direction or reflects a moderate adjustment of the regulatory agency's originally tough stance under political or industry pressure, suggesting that it may be exploring a more balanced and sustainable regulatory path. Given the important position of the United States in the global cryptocurrency market, this change may also have a demonstration effect on other countries, creating more short-term space for the global Decentralized Finance development.

##Uniswap Wallet enables the smart wallet feature and supports one-click exchange Uniswap Labs recently announced that its Uniswap Wallet users can now enable smart wallet features, providing convenient operations such as one-click exchanges and bundled transactions, significantly optimizing the user experience and helping to reduce Gas costs. In addition, Uniswap also plans to gradually launch new features such as Gas sponsorship and the ability to pay fees with any Token, further lowering the user threshold. The new wallet has smart wallet functionality enabled by default, highlighting Uniswap's ongoing commitment and determination to enhance product usability. This upgrade not only improves the user experience, is especially user-friendly for novice users, but also reflects Uniswap's cutting-edge exploration at the technical level. The smart wallet is designed based on the Ethereum EIP-5792 standard and combined with the upcoming Pectra upgrade, demonstrating its strengths in infrastructure innovation. The launch of these features is expected to further solidify its leading position in the decentralized exchange (DEX) market. However, the introduction of smart wallets with more complex contract mechanisms may also bring potential security risks such as contract vulnerabilities, and users should remain cautious while enjoying convenience.

##Polygon Bringing its native token to Solana via Wormhole's NTT framework

On June 12, Polygon officially announced that its native token, POL, has been successfully scaled to the Solana blockchain through Wormhole's Native Token Transfers (NTT) framework. This cross-chain integration is an important step in Polygon's cross-chain strategy, which not only significantly improves the interoperability and liquidity of POL tokens, but also opens the door to the Solana user base and developer community for its ecosystem. According to Wormhole, the NTT framework enables Polygon to deploy its native token on Solana while maintaining the integrity of POL's core functionality, including critical uses such as paying transaction fees, securing cybersecurity, and participating in community governance. This means that the migration of POL between different chains will no longer rely on wrapped assets, but will truly achieve functional continuity at the native token level. This integration not only consolidates Polygon's technical depth in multi-chain layout, but also indicates that it is actively promoting a more open and interconnected blockchain ecosystem, which is expected to drive more POL-based application scenarios to land on multiple chains.

##Gate Launchpool

Initial Offering Details

Subscription Project: MEET48 Token Name: IDOL New issuance time: Until June 16, 2025, 20:00 (UTC+8) Participation method: Stake BTC, ETH Total airdrop amount: 2,857,143 IDOL

project introduction

MEET48 is a Web3 project that integrates AIUGC, idol culture fan economy, ecosystem, and launch platform, targeting over 30 million fans from strategic partner SNH48, as well as friends around the world who are eager to support our idols. The project attracts content creators and AI enthusiasts to use tools like AIShowBOX and MaaS, while providing immersive metaverse experiences such as virtual romance, dance simulation, and idol management games for Web3 gamers.

Reference Materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• CoinGecko, https://www.coingecko.com/categories
• Investing, https://investing.com/
• Gate, https://www.gate.com/zh/launchpool/EDGEN?pid=311
• X，https://x.com/Uniswap/status/1933168423825035768

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