Research

Gate Research Daily Report: On March 24, the crypto market as a whole entered a corrective rebound phase. BTC and ETH strengthened in tandem, but the Fear and Greed Index remained in the Extreme Fear zone. The current recovery is still primarily capital-driven, and market sentiment has not fully warmed up. On the market board, ANON, CSPR, and LIGHT ranked as the top three gainers among assets with a market cap exceeding 10 million USD, corresponding respectively to the three niche sectors of AI DeFi assistants, enterprise-grade public chains, and Bitcoin infrastructure. Incremental funds are conducting structural rotations around high-recognition themes. At the industry level, the partnership between Deloitte Canada and Stablecorp, Nasdaq’s tokenized collateral integration with Talos, and the on-chain risk control collaboration between Bluprynt and Kroll show that institutional-grade infrastructure such as stablecoins, collateral management, and compliance trust layers continues to advance steadily.

In February 2026, the on-chain ecosystem exhibited more pronounced structural divergence amid price pressure. On-chain activity did not contract in tandem, but instead became further concentrated on high-frequency and high-efficiency networks. Solana maintained its dominance in high-frequency activity, while Base and Polygon continued to expand. Arbitrum saw a recovery in activity, but its capital retention and value capture weakened. Ethereum shifted from net outflows to significant net inflows, reinforcing its role as the primary settlement layer and a key hub for macro asset deployment. On the BTC side, the price pullback pushed short-term holders broadly into unrealized losses, with profit-taking cooling and sell pressure still concentrated among short-term positions, while the long-term holder structure remained intact. At the sector level, AI Agent, supply-side shocks, and institutional DeFi narratives coexisted. Short-term returns were driven by structural catalysts, while mid-term allocation continued

Gate Research Daily Report: On March 23, the rebound in BTC and ETH failed to sustain upward momentum, with capital returning to defensive positioning and overall risk appetite remaining subdued. Altcoins did not see broad-based expansion, and market opportunities were mainly concentrated in short-term rotation across high-volatility sectors. SIREN, BR, and BANANAS31 respectively represent active capital flows in the AI Agent, BTCFi, and BNB Chain meme segments. At the industry level, tokenized gold is progressing toward a standardized infrastructure phase, while connections between payment networks and capital market infrastructure continue to deepen. Meanwhile, competition in the stablecoin space is gradually shifting from issuance to treasury and capital management capabilities.

Gate Research: Large language models and AI agent technologies are pushing trading systems into a new stage of development. Quantitative trading, which previously relied heavily on programming skills and complex engineering systems, is gradually evolving into product forms with much lower barriers to entry. Gate has introduced products such as AI Quant Workspace and Gate for AI, which aim to integrate strategy generation, backtesting, and automated execution within a single platform through natural language interaction, no-code quant tools, and unified trading interfaces, allowing more users to participate in strategy trading. As AI technology continues to mature, trading platforms are also evolving from traditional matching tools into AI-driven trading infrastructure.

In February, the overall crypto market showed a weak trend, with notable outflows from BTC ETFs. Major blockchains remained stable throughout the month, with Solana leading by a wide margin at over 100 million daily transactions. Ethereum recorded 13.34 million unique active addresses, maintaining its second-highest level in history. TradFi trading volume on Perp DEXs surged to $47.3 billion, largely driven by Hyperliquid’s HIP-3. The Web3 sector completed 46 funding rounds totaling $986 million, with the top 10 projects accounting for $793 million—three major deals were led by Tether. Meanwhile, Web3 security incidents declined significantly month-over-month, though smart contract vulnerabilities remained the primary risk source.

Gate Research Institute: Over the past 24 hours, BTC briefly climbed above $71,000, but following a sharp drop and quick rebound during the U.S. market session, it settled back near $69,300. ETH rapidly declined from $2,070 to $2,010 and remains in a recovery phase. Altcoins showed weakness, with most lagging behind BTC, while the Fear & Greed Index remains in the extreme fear range. HUMA, NAORIS, and ARIA saw gains of 50.13%, 39.38%, and 29.02%, respectively, fueled by AI-related narratives. Additionally, Oracle’s earnings beat expectations, driving its share price up nearly 8% after hours, and both Hyperliquid and Circle announced significant product updates.

Gate Research: Between 2025 and 2026, PayFi is evolving from a crypto payment tool into a next-generation payment and financial engine, with stablecoins achieving scale in high-frequency and cross-border payments and demonstrating clear efficiency and cost advantages over traditional systems. As Web2 and Web3 continue to converge, institutions such as Visa, PayPal, and emerging neobanks are becoming key gateways to mainstream adoption, while the combination of stablecoins, real-world assets (RWA), and AI is shaping PayFi’s foundational architecture by enabling automated, always-on settlement, asset mobility, and risk management. Looking ahead to 2026, regulatory clarity, scalable asset tokenization, and the maturity of AI-driven financial systems will be the primary determinants of PayFi’s competitive landscape and long-term barriers.

In June 2025, the total cryptocurrency market capitalization fluctuated between $3.2 trillion and $3.6 trillion, with geopolitical tensions in the Middle East temporarily weighing on market sentiment. Solana led with nearly 100 million daily transactions, followed by Base with 9.7 million. SEI surged in popularity, driven by price gains and favorable policy momentum—its daily trading volume exceeded $94 million in mid-June, with a short-term price increase of over 50%. Global crypto regulation showed growing divergence, Singapore tightened oversight of offshore services, the U.S. advanced stablecoin legislation, while South Korea and Vietnam adopted a more supportive stance. Overall, the regulatory climate showed signs of warming.

Gate Research Daily Report: Bitcoin rose by 0.71% to $87,393, while Ethereum dipped slightly by 0.06% to $2,055. The market cap of tokenized U.S. Treasury bonds surpassed $5 billion for the first time. PumpSwap's daily trading volume exceeded $450 million. USDC's market cap reached a record high of $60 billion. Gate Wallet now added support for Berachain. BlackRock launched the iShares Bitcoin ETP in Europe. Asia Web3 Alliance Japan proposed a U.S.-Japan collaboration to advance the tokenized economy and Web3 innovation.

Gate Research (Feb 15-21, 2025): This report provides a comprehensive analysis of key developments in both the cryptocurrency market and the broader macroeconomic environment. On February 15, Federal Reserve’s Logan stated that even if inflation continues to cool, it may not necessarily trigger rate cuts. On February 18, a New York Fed survey revealed that U.S. manufacturing costs in February saw the largest increase in two years. On February 19, data from the U.S. Treasury showed that the top three foreign holders of U.S. debt reduced their holdings in December, while total foreign net inflows exceeded $87 billion. Also on February 19, U.S. January residential construction fell by 9.8% month-on-month, worse than the expected 7.3% decline, and far below the previous value of 15.8%.

This report provides a comprehensive analysis of the past year's market performance and future development trends from four key perspectives: market overview, popular ecosystems, trending sectors, and future trend predictions. In 2024, the total cryptocurrency market capitalization reached an all-time high, with Bitcoin surpassing $100,000 for the first time. On-chain Real World Assets (RWA) and the artificial intelligence sector experienced rapid growth, becoming major drivers of market expansion. Additionally, the global regulatory landscape has gradually become clearer, laying a solid foundation for market development in 2025.

Gate Research Daily Report: August 12—BTC and ETH prices declined, with both BTC and ETH ETFs experiencing net outflows last Friday. Market contract liquidations were predominantly in long positions, and BTC holdings on centralized exchanges saw a significant drop. Additionally, key projects such as the Bitcoin Rollup network Nexio and gaming infrastructure provider Televerse secured important funding.

Gate Research Daily Report: August 13— BTC attempted to break through $60,000 but then retreated, leading to a period of volatility. Ethereum's daily burn rate and Bitcoin miners' income both hit their lowest levels of the year. The Fear and Greed Index is in the fear zone, indicating that investors should be wary of market downside risks. Meanwhile, sectors such as modular blockchains and Trump-themed meme coins performed strongly, demonstrating the rapid shift in market hotspots.

Gate Research Daily Report, August 14: BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.

Gate Research Daily Report: On the 9th, BTC surged by 6.83%, with ETH and other cryptocurrencies also rising. Brazil approved the world's first Solana ETF, while Russia legalized crypto mining. BTC ETFs saw a net inflow of $202 million, whereas ETH ETFs had a slight outflow. Over $200 million was liquidated in the global contract market in the past 24 hours, with the BTC contract long-short ratio remaining balanced. The Vessel platform raised $10 million, and other blockchain projects secured significant funding.