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.

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.

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

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: 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.

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.

Gate Research Daily Report: On August 19, BTC is trading around 115,900 USDT, with short-term support at 115,800 USD and resistance between 118,500–119,000 USD. ETH is priced at 4,358 USDT, with key support at 4,270 USD and short-term rebound potential at 4,450–4,500 USD. Popular low-cap tokens showed strong performance, with WKC, BSU, and WAVES rising 56.57%, 39.06%, and 23.43% over 24 hours, accompanied by significant increases in trading activity and community engagement. BitMine’s ETH holdings surpassed $6.6 billion, but its stock fell 7% amid ETH’s pullback. Bless Network announced its $TIME airdrop, allocating 10% of the total supply at mainnet launch, while the Stellar Development Foundation invested in Archax to promote real-world asset tokenization.

In July, the total cryptocurrency market capitalization showed an accelerated upward trend, with the total market cap breaking through $4 trillion in late July. A key factor driving this increase is the growing expectation of Federal Reserve interest rate cuts in 2025. All of the top 8 cryptocurrencies by market cap saw gains this month, with ETH emerging as the best-performing token in July, surging over 50% in a single month. While BTC also achieved a gain of nearly 10%, it underperformed other mainstream cryptocurrencies.

Gate Research Daily Report: On August 20, the crypto market broadly entered a downward correction phase, with both BTC and ETH weakening. The state of Wyoming launched FRNT, the first state-issued stablecoin in the U.S., marking a pioneering attempt in public sector digital currencies. Solana led globally in fee stability, with its FSR far exceeding other major blockchains. Meanwhile, 1inch introduced native cross-chain swaps between Solana and EVM chains, enhancing user experience and security. Performance among narrative tokens was mixed: MNT rose 6.2% driven by ecosystem incentives and community engagement; MORPHO gained 2.5% thanks to multi-platform integration and updated yield products; LDO remained resilient, reflecting continued momentum in liquid staking.

Gate Research Report: From July 28 to August 11, 2025, the cryptocurrency market saw a strong upward trend driven by the combined effects of a recovering public chain ecosystem and favorable policy developments. ETH reached a new swing high in technical terms, breaking above 4,300 USDT. MYX surged by an impressive 1608.26%, standing out as the top performer; mid-cap tokens such as SOON and GMX saw increased trading volumes, becoming favored targets for short-term capital; while large-cap assets like MNT and AERO remained stable, serving as liquidity anchors. Recently, projects including ByteNova, Camp Network, Beamable, and Nexus have launched airdrop campaigns, and this report outlines participation methods to help users capture rebound gains and potential opportunities.

Gate Research Daily Report: On August 15, BTC price slightly decreased by 4.04% over the past 24 hours. After breaking a new high of $124,000, BTC quickly fell back to the range of $118,000 to $119,000. ETH dropped 3.04% in the past 24 hours. The decline was less than Bitcoin and the median of Top100 altcoins, indicating ETH's recent price strength. Lido's share in the Ethereum staking market has fallen to a historic low of 24.4%. Figment added the most new staking users in the past month, with approximately 344,000 new stakers, now accounting for 4.5% of all staked ETH. Tether announced the integration of Spark into its open-source wallet development kit WDK, supporting non-custodial financial infrastructure for the Lightning Network. Dinari, a startup providing blockchain-based US stock trading services, announced the launch of its Layer 1 blockchain, Dinari Financial Network.

Gate Research Daily Report: On August 13, BTC continued its upward consolidation, briefly approaching the $120,000 mark; ETH surpassed the $4,600 level, reaching a new high in the current rally. Cyber token surged over 220% following its successful exchange listing and institutional buyback plan; Solana ecosystem meme coin Fartcoin and computing network token Qubic also showed strong performance. DeFi platform Aave’s borrowing volume exceeded $25 billion, setting a new record. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoins, while MANTRA Chain’s testnet achieved full EVM compatibility with its mainnet scheduled for launch in September. Major US stock indices rose across the board, reflecting increased risk appetite and an overall bullish crypto market atmosphere.

Gate Research Institute Weekly Report: This week, BTC surpassed $124,000, reaching an all-time high; ETH climbed 12.02%, and leading altcoins posted significant gains. Chainlink partnered with ICE to integrate high-quality global foreign exchange and precious metals market data into on-chain applications. BitMine Immersion is planning to raise $20 billion to expand its ETH portfolio, indicating sustained long-term optimism among institutional investors toward ETH. The total cryptocurrency market cap hit a record $4.21 trillion, with BTC’s market cap surpassing that of Alphabet Inc., making it the fifth largest globally. Ethereum search interest reached its highest level since 2021, as both prices and on-chain activity surged. Base recorded over $2 billion in single-day DEX trading volume. On-chain activity set a new cycle high.

Gate Research Daily Report: On August 11, BTC broke above the 121,200 USD mark after a period of sideways consolidation, while ETH surpassed its interim high of 4,343.23 USD. In the Solana ecosystem, meme token launch platform BAGS outpaced letsBONK.fun in seven-day revenue. Bitcoin’s market cap overtook Amazon to rank sixth globally, with the total cryptocurrency market cap hitting a record high above 4.1 trillion USD. The LayerZero Foundation proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG token.