Gate Research Institute: Ink announces INK Token Airdrop | Namada Mainnet is about to launch and NAM trading will be opened

Crypto Market Overview

• BTC (-1.94% 丨 Current price 104,747 USDT): Bitcoin briefly fell last week due to the geopolitical situation in the Middle East, hitting an intraday low of $103,000, and then stabilized and rebounded, but the current price has fallen again, reflecting that the market sentiment is still cautious. On the whole, Bitcoin may remain in a wide range in the short term, and we can pay attention to the performance of the range boundary support and pressure levels in the future. In terms of funding, spot ETFs saw net inflows of $216 million yesterday.
• ETH (+0.17% | Current Price 2,578 USDT): Affected by the overall market correction, ETH has once again surged and then retreated, but still maintains a wide range consolidation trend. The ETH/BTC exchange rate has dipped to 0.024, with a market share dropping to 9.22%. In terms of fund flow, yesterday saw a net inflow of 11.09 million USD in Ethereum spot ETFs, with a single-day net inflow of 36.71 million USD for ETHA.
• Altcoins: The market is fragmented, and altcoins rise and fall unevenly. The Fear and Greed Index remains at 48, indicating a neutral to slightly negative market sentiment.
• Macro: Affected by weak economic data and escalating tensions in the Middle East, US stocks fell across the board on Tuesday. The Dow Jones Industrial Average dropped about 300 points, the Nasdaq Composite fell more than 0.9%, and small-cap stocks performed even worse, with the Russell 2000 Index down over 1%. In terms of sectors, the healthcare sector led the decline, while the energy sector rose against the trend driven by strong oil prices.

Top Tokens on Juejin

EIGEN Eigenlayer (+1.82%, circulating market cap 1.968 billion USD)

According to Gate.io market data, the current price of EIGEN token is $1.1779, with a 24-hour increase of 1.82%. The current circulating market value of EIGEN is $1.968 billion.

EigenLayer is a decentralized protocol based on Ethereum, designed to enhance the security and efficiency of blockchain networks through a "restaking" mechanism. It allows Ethereum stakers to re-use their staked ETH or liquid staking tokens (such as stETH) to secure other decentralized services or protocols, thereby improving capital efficiency.

On the news front, EigenLayer recently announced on social media that its Restaking Redistribution mechanism has officially gone live on the testnet, with the mainnet version expected to launch between the end of June and July. This progress strengthens the market's expectations for the optimization of the protocol's economic model and long-term sustainability. From a technical perspective, the EIGEN token has recently maintained a volatile trend overall, with the current price showing a short-term rebound after reaching the lower end of the testing range, indicating some buying support. However, on the eve of the mainnet launch, attention should still be paid to the volume coordination and the breakthrough of key resistance levels to assess the sustainability of the rebound and the trend direction.

GPS GoPlus Security* (+12.24%, circulating market cap 247 million USD)*

According to Gate.io market data, the current price of the GPS token is 0.0245 USD, with a 24-hour increase of 12.24%. The current circulating market value of GPS is 247 million USD.

GoPlus Security is the first decentralized security layer for Web3, providing comprehensive protection for every transaction across all blockchain networks. Its open, permissionless, and user-driven architecture allows any blockchain or project to integrate seamlessly. By protecting users at every stage of the transaction lifecycle, GoPlus creates a safer on-chain transaction environment, ensuring peace of mind and trust in digital interactions.

Under the overall pressure of the market in the first quarter of this year, GoPlus Security announced that it will launch a GPS token buyback program within the next 90 days, aimed at supporting the stability and healthy development of the token market while complying with regulations and market rules. The buyback will be conducted in multiple small batches daily to avoid causing severe fluctuations in market prices, and all tokens acquired through the buyback will be permanently destroyed. This initiative has significantly boosted investor confidence, and the price of GPS tokens has stopped declining and stabilized, currently exhibiting a steady upward staircase pattern, reflecting the market's re-evaluation and recognition of the long-term value of the project.

IO Io.net* (+6.86%, circulating market cap 568 million dollars)*

According to Gate.io market data, the current price of the IO token is $0.7271, with a 24-hour increase of 6.82%. The current circulating market cap of IO is $568 million.

Io.net is an innovative decentralized artificial intelligence computing and cloud platform dedicated to providing efficient and cost-effective solutions for machine learning (ML) startups and other organizations that require high-performance computing. The platform has built a powerful distributed computing network by aggregating underutilized GPU resources from around the world. This decentralized approach not only optimizes resource utilization but also significantly reduces computing costs, allowing users to access near-unlimited computing power at a fraction of the cost of traditional cloud computing services such as AWS, Google Cloud, or Azure.

The IO token has been on the downward trend since May, and the recent uptrend is more inclined to a technical rally in the course of the decline, with no clear trend reversal yet to form. For now, the focus can be on the medium-term support level around 0.64, which, if stable, will provide a basis for subsequent stabilization or rebound; If it breaks, you need to be wary of the risk of a continuation of the pullback. Investors should remain cautious and pay attention to the quantitative and energy changes and structural confirmation signals.

Alpha Interpretation

Ink announced the launch of its native token INK, airdrop for early participants of the liquidity protocol.

Recently, the Layer 2 network Ink announced the launch of its ecosystem's native token INK, with a total supply permanently capped at 1 billion tokens, and no further minting will occur through governance in the future. The governance of this chain remains under the Optimism superchain, and the INK token is applicable to users and the application layer, with the airdrop of INK tokens targeting early participants of liquidity protocols.

The move highlights the long-term stability of its decentralized finance (DeFi) ecosystem, where the INK token does not participate in the on-chain governance of the Optimism superchain, but instead focuses on incentivizing users and developers to drive DeFi innovation and capital coordination. This change aims to enhance the liquidity and user engagement of the Ink ecosystem. Some users believe that the number of participants is small, and the airdrop may bring higher returns. The launch of INK marks a new phase of the DeFi ecosystem for Layer 2 networks, potentially attracting more developers and capital to the Optimism superchain.

Ondo Finance announced the establishment of the "Global Market Alliance" to promote the standardization of RWA on-chain such as U.S. stocks.

Ondo Finance announced the establishment of the "Global Markets Alliance," which includes members such as the Solana Foundation, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, and other projects, to jointly promote the tokenization of real-world assets (RWA) such as U.S. stocks on-chain and its global adoption. The alliance is committed to establishing best practices and industry standards around interoperability, investor protection, liquidity, and composability, simplifying the path for users to acquire tokenized assets and accelerating the integration of RWA into mainstream financial markets.

From the perspective of the members, alliance members perform their respective duties and fully leverage their advantages. Trust Wallet and Rainbow Wallet integrate Ondo's tokenized asset standards to provide secure self-custody access; Jupiter and 1inch optimize liquidity routing and programmatic trading; BitGo and Fireblocks offer institutional-grade custody and over-the-counter settlement; Alpaca builds brokerage infrastructure for tokenized securities. This collaboration marks an important step towards standardization and mainstream adoption in the RWA field, simplifying the path for users to access tokenized assets.

The Namada mainnet is about to launch, and trading for the NAM token will begin this week.

Cosmos-based Namada has completed the final stages of its mainnet launch with the launch of a system designed to provide "privacy-as-a-service" for decentralized applications, assets, and blockchains. The mainnet launch comes at a time when Namada is conducting a free-market token distribution to make its native token, NAM, liquid. Trading is expected to open this week as exchanges begin listing the token.

With the official launch of Namada's mainnet, it marks an important breakthrough as the privacy layer of the Cosmos ecosystem, providing "privacy-as-a-service" to achieve cross-chain privacy transactions through multi-asset shielding pools and protect user data. Its free market token distribution and exchange listing (e.g., Gate has opened a deposit channel) will increase the liquidity and market attention of NAM tokens. The planned cross-chain integration will also enhance its multi-chain interconnection capabilities and promote the implementation of DeFi privacy applications. The combination of Namada's privacy technology and cross-chain ecology is expected to occupy an important position in the blockchain field, where the demand for privacy is growing.

Gate Launchpool

IPO details

• Subscription Project: Namada
• Token Name: NAM
• New issuance time: June 19, 2025, 21:00 (UTC+8)
• Participation method: Stake GT or USDT to receive for free.
• Total mining rewards: 150,000 NAM

Project Introduction

Namada is a composable privacy layer for multiple chains. It is a Proof-of-Stake (PoS)-based Layer-1 blockchain that aims to protect users' personal data by providing a privacy asset hub and supporting covert cross-chain transactions. Namada supports any asset and can be used to enhance data protection for existing chains, decentralized applications (dApps), tokens, and NFTs. Developed primarily in Rust, Namada uses the CometBFT consensus mechanism and IBC (Cross-Chain Communication Protocol) for multi-chain interoperability and can be upgraded to support more ecosystems. With advanced cryptography standards such as zk-SNARKs and their robust interoperability, Namada aims to be the core cryptography foundation for users to protect their on-chain data, while enabling seamless connectivity to a wide range of blockchains and protocols.
Reference Material:

• 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

Disclaimer Investing in the crypto market involves high risks. 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]http://gate.com/( shall not be liable for any losses or damages resulting from such investment decisions.