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

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.

Gate Research Daily Report: On January 21, the crypto market continued to pull back and consolidate, with risk appetite cooling notably. BTC and ETH came under simultaneous pressure: BTC fell back to around USD 89,000 after breaking below its short-term moving average structure, while ETH saw a relatively larger decline and remains in a weak recovery phase, with major assets dragging on the overall index. On the thematic side, mid- and small-cap tokens such as AIA, MBG, and ARC moved against the trend, supported by narratives around AI agents, on-chain integration of traditional finance, and developer tools, highlighting clear structural divergence. From a structural perspective, Ethereum staking demand continued to improve, with unstaking pressure fading and the staked ratio approaching 30%; meanwhile, Solana’s staking ratio climbed to a record high of 68.8%, indicating that parts of the public-chain ecosystem are still attracting long-term capital. However, whether the broader market can stabilize will stil

Gate Research Daily Report: Bitcoin encountered resistance near USD 97,500, while Ethereum has been trading within a range between its key support level and the USD 3,300–3,400 resistance zone. ROSE surged 34.35% over the past 24 hours, driven by accelerating capital inflows into the high-beta “privacy + AI” narrative. ARPA rose more than 51%, with the rally largely reflecting shifts in market sentiment as 24-hour trading volume expanded sharply to USD 320 million. Alpha Edge Media, a subsidiary of Aether Holdings, has acquired the institutional-grade crypto communications and media platform Coinstack. To break out of its current malaise, the crypto market may require an expansion of ETF investment mandates, with leading assets rallying to draw retail attention back. The STH-NUPL indicator shows that new investors have remained in net unrealized losses since November 2025.

Gate Research Daily Report: On January 19, after a period of high-level consolidation, the crypto market saw a broad deleveraging pullback: BTC and ETH weakened in tandem, losses in altcoins widened, and risk appetite contracted quickly. The Fear & Greed Index slid from 49 to 44, with sentiment shifting from neutral toward fear, while spot gold continued to climb—signaling rising demand for safe havens. Among notable movers, DUSK rallied sharply on its mainnet rollout and expectations around RWA-related partnerships; NAM posted violent swings amid thin liquidity and a technical breakout; and FRAX drew inflows on the back of its rebrand and broader ecosystem expansion. Today’s alpha highlights included a structural signal from Ethereum staking—its entry queue reaching the highest level since August 2023 while the exit queue fell to zero—alongside a renewed debate between Ethereum and Solana over “ossification vs. evolution,” and growing attention to supply-chain style security risks tied to IDE auto-execution

Gate Research Daily Report:On January 16, BTC entered a corrective consolidation phase after surging to around $97,900 and is now oscillating in the $95,000–$95,500 range; ETH moved into a high-level consolidation after hitting a peak near $3,403, with prices fluctuating narrowly between $3,280 and $3,320; GT shifted into range-bound consolidation after a prior rally to 10.83; and OWL led small-cap tokens with a +57.75% gain. XRP broke below the $2.10 level, with technical selling pressure dominating the short-term trend; BitMine said its $13 billion ETH holdings could generate over $400 million in annual revenue and expressed confidence that its investment in MrBeast could deliver a “10x” return; and Ripple injected $150 million into LMAX to push the RLUSD stablecoin into institutional trading infrastructure.

This paper examines *Vibe Coding, a* programming practice driven by natural language intent and characterized by rapid trial-and-error and outcome-oriented validation and systematically analyzes its efficiency gains and security risks in blockchain application development. Empirical evidence based on multi-source data shows that development practices associated with Vibe Coding can significantly shorten development cycles, increase output per unit of labor, and to some extent alleviate the high entry barriers and long development timelines typical of blockchain projects, thereby confirming the practical efficiency benefits of AI-driven development.

Gate Research Weekly Report: Bitcoin has reclaimed the $96,000 level, while Ethereum has broken through the $3,300 resistance and continues to consolidate at elevated levels. The Zcash Foundation announced that the SEC has concluded its multi-year investigation without taking enforcement action; meanwhile, Federal Reserve officials collectively defended policy independence while signaling a pause in rate cuts.As both Bitcoin and Ethereum broke higher, nearly $700 million in short positions were liquidated. Vitalik Buterin highlighted structural flaws in decentralized stablecoins, while renewed attention was drawn to Zcash-related developments and potential quantum threats. Metaplanet is now just one step away from resuming equity financing to purchase Bitcoin. ONDO, TRUMP, and ZRO are set to unlock approximately $778 million, $278 million, and $42.42 million worth of tokens, respectively, over the next seven days.

Gate Options Daily Market Update.

Gate Research Daily Report: On January 14, the crypto market posted broad gains as macro sentiment improved. Bitcoin surged before consolidating at elevated levels, while Ethereum outperformed and held around the $3,300 area. The Crypto Fear & Greed Index rebounded sharply from 26 yesterday to 48, signaling renewed risk appetite and a rotation toward higher-beta assets, while gold continued to climb. Among notable movers, BOT spiked on AI trading-tool narratives and speculative inflows; MFER rose alongside a meme-sector rebound; and ARRR drew attention amid a revival in privacy narratives. In this edition’s Alpha takeaways, we highlight Gate’s expanded TradFi derivatives offering with CFD access to a wider range of traditional assets, Wintermute’s three potential catalysts for a 2026 altcoin rebound, and Polygon Labs’ $250M+ acquisition of Coinme and Sequence to accelerate the rollout of its compliant stablecoin payments “open stack.”