According to CoinMeta, the Bitway token experienced a gain of over 100% within seven days on August 18, with a trading price approaching $0.37, mainly driven by reward initiatives. However, the state of overbidding and high levels of concentrated liquidation increased the risk of a sharp correction. According to data from CoinMarketCap, the rise in Bitway is related to a decentralized traditional finance staking program launched on August 13, which offers an annual interest rate of 8%, plus an additional 4% in platform points rewards. Bitway core users will be able to unlock their staked tokens without any fees tomorrow. The Bitway staking program for August will take place from August 1 to September 1. The fourth quarter of Binance Wallet also provides additional APR rewards of over $200,000, further encouraging holders to deposit BTW. The token rose from $0.20 to $0.44 on August 17 within seven days, before then correcting back to around $0.37. Despite the price drop, it remains above all three moving averages, indicating an overall upward trend.