Gate Research Institute: Structural Recovery During Holiday Window | UNI Deflation Mechanism Implementation

Cryptocurrency Asset Overview

BTC (+0.69% | Current price 88,358 USDT)

BTC ended a two-day consolidation over the weekend with a slight increase to around $88,300, having re-entered above the MA5, MA10, and MA30 moving averages. The short-term structure has shifted from weak to stable, with the moving averages showing a recovery pattern from bearish to bullish. From key price levels, the $88,800–$89,500 range above is a zone of short-term high-volume trading and resistance from long upper shadows, which may require repeated digestion in the near term. It is important to note that we are currently in a time window overlapping Christmas holidays and New Year’s, with decreased participation from European, American, and Asian institutions, resulting in weaker overall liquidity. Prices are more prone to exaggerated fluctuations under low trading volume, but the credibility of a trend breakout remains limited. Therefore, short-term movements are more likely to oscillate within a range.

ETH (+1.53% | Current price 2,985.73 USDT)

ETH’s price has rebounded to around $2,980, with a short-term shift from weak to strong. The moving average system shows a recovery with a bullish arrangement, outperforming BTC overall. From key price levels, the area around $3,000 will serve as a short-term resistance zone formed by high-volume trading and a psychological threshold. Due to the overlapping holiday period, overall market liquidity remains weak. With no significant increase in trading volume, ETH’s upward movement is more of a technical correction. Confirming a breakout above $3,000 may require multiple tests, and the short-term focus will likely be on competing around the $3,000 mark.

GT (+0.96% | Current price 10.47 USDT)

GT continues its gradual upward trend, rising slightly above $10.45. The overall momentum remains steady with limited pullbacks, maintaining a relatively strong short-term structure, with the moving averages showing a slow bullish alignment. From the platform’s fundamentals, GT’s recent performance has been stable. Even during periods of increased market volatility, the price retracement has been limited, reflecting strong bottom support. This more likely indicates the platform’s internal rhythm and capital structure stability rather than short-term emotional trading.

Daily Gainers and Losers Tokens

In the past 24 hours, the crypto market saw a slight increase, with BTC remaining the main asset absorbing capital; ETH’s gains slightly outpaced BTC, indicating capital spreading into secondary mainstream assets under controlled risk conditions. Mainstream high-liquidity assets like BNB and SOL gained between 3%–4%, showing a marginal warming of risk appetite. Structurally, gains are concentrated in large-cap and high-liquidity assets, while small-cap and thematic assets show clear divergence, with no signs of widespread risk appetite expansion. This aligns with the current low-liquidity environment during the holiday period. Overall, the market is in a phase of restorative broad-based gains, with a positive but not euphoric sentiment—more like a structural rebound within high levels rather than the start of a new trend.

TOKEN TokenFi (+162%, Circulating Market Cap $22.85 million)

According to Gate data, the TOKEN token is currently priced at $0.00725, up over 160% in 24 hours. TokenFi (TOKEN) is a one-stop asset tokenization platform launched by the Floki team, aiming to simplify the creation and tokenization of crypto tokens and RWAs. The platform uses a no-code approach, allowing users to quickly issue tokens or digitize assets like real estate and art through a WYSIWYG interface.

This recent surge in TOKEN is more driven by short-term speculation rather than fundamental positive news, with no major official announcements or product updates recently. The rise may be due to market makers or large holders pushing the price up. Given its low circulating market cap, small amounts of capital can generate large gains. Additionally, fueled by prior capital inflows, TOKEN’s trading volume has surged, appearing on the gainers list on platforms like Gate. The listing effect further amplifies attention and buying interest, attracting FOMO-driven capital chasing the rally.

TAKE OVERTAKE (+41.63%, Circulating Market Cap $85.18 million)

According to Gate data, the TAKE token is currently priced at $0.4593, up over 40% in 24 hours. OVERTAKE (TAKE) is a Web3 gaming asset peer-to-peer trading platform built on the Sui blockchain, focusing on connecting Web2 and Web3 gaming economies, enabling players to truly own and securely trade in-game assets such as items, accounts, and virtual currencies.

The rally in TAKE may be driven by the launch of the STAKEHOUSE staking system and ecosystem incentives. Recently, OVERTAKE Labs introduced STAKEHOUSE, a unified staking, trading, and referral platform that incorporates a “personalized recognition” mechanism—dynamically adjusting staking rewards based on users’ real contributions, trading behavior, and ecosystem participation. This attracts many users to lock in TAKE, reducing circulating supply and creating buying pressure in the short term.

RIVER River (+20%, Circulating Market Cap $95.64 million)

According to Gate data, RIVER is currently trading at $4.88, up about 20% in 24 hours. River (RIVER) is a cross-chain stablecoin system designed to unify assets, liquidity, and yields across chains without relying on traditional bridges or wrapped assets. Its core products include omni-CDP stablecoin satUSD, and yield vaults like PrimeVault and SmartVault that operate without liquidation.

RIVER’s rise is driven by product mechanism incentives. The Season 4 (S4) incentive program continues to ferment, with River4FUN community activities and Season 4 emphasizing staking RIVER, actual satUSD usage, and participation, encouraging users to lock in supply and reduce sell pressure.

Hotspot Analysis

Polymarket Builders Weekly Trading Volume Hits New High of Over $50 million

Recently, a clear turning point has emerged in the Polymarket Builders ecosystem: on one hand, the number of builders continues to expand—currently over 70 builders, with a weekly addition rate of 10–20, surpassing the Hyperliquid Builders count under Flowscan; on the other hand, the accumulated builder count is beginning to significantly impact trading volume, with weekly trading volume on Polymarket Builders surpassing $50 million for the first time, marking the ecosystem’s transition from a tool and experimental phase to a scalable trading platform.

From a structural perspective, differentiation within the builder community has begun to take shape: betmoar remains the leader, accounting for nearly half of the market; PolyTraderPro, Stand Trade, Polycule, and others compete in the “second tier,” showing a concentrated top and active mid-tier structure. It’s worth noting that the ecosystem is still in an early window, with room for new entrants—such as the new builder Preddy, currently in private mode, which has already achieved over $3 million in weekly trading volume, ranking fourth for the week, indicating clear differentiation in product positioning or user base.

Uniswap Governance Reaches Historic Moment, Burns 100 Million UNI Tokens

One of the largest DEXs on EVM networks, Uniswap, has recently taken a key step in governance, passing the “UNIfication” proposal, which has now been officially executed with a large-scale token burn. On-chain data shows that Uniswap’s treasury has permanently burned approximately 100 million UNI tokens, worth about $590 million, marking the largest supply contraction event in UNI’s history.

Notably, the UNIfication proposal received near-unanimous votes, indicating a high consensus among UNI holders on changing Uniswap’s economic model. The proposal also includes enabling fee switches, with a portion of protocol fee income used for ongoing buybacks and burns of UNI, shifting from a one-time impact to a long-term deflationary model. After the large burn, UNI experienced a phased rally, breaking above $6 with increased trading volume, reflecting market positive recognition of the deflation and income-linked value capture logic. As one of the largest on-chain protocols, Uniswap’s transition from a governance token to a deflationary, income-linked asset may also provide a pathway for other DeFi projects toward sustainable value capture.

Solana Co-founder Toly Predicts Stablecoin Market Will Surpass $1 Trillion by 2026

Solana co-founder Anatoly Yakovenko (Toly) released his forecast for 2026, with particular focus on the global stablecoin supply: he believes that next year, the market cap of stablecoins will surpass $1 trillion. This prediction significantly exceeds conservative estimates from traditional financial institutions—JPMorgan, for example, projects stablecoin supply reaching $500–$600 billion by 2028.

Additionally, Toly’s series of predictions mention broader tech trends, such as quantum computing and nuclear fusion remaining as distant as today, AI potentially solving a millennium-old math problem, the shipment of hundreds of thousands of humanoid robots, and interstellar spacecraft achieving two successful commercial flights. While these are beyond the crypto scope, they reflect a long-term perspective on technological integration and development.
References:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Dune, https://dune.com/gateresearch/pmbuilders
• DLNews, https://www.dlnews.com/articles/defi/uniswap-dao-to-activate-fee-switch-and-burn-100m-uni-tokens/

Disclaimer Investing in cryptocurrencies involves high risk. Users are advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate shall not be responsible for any losses or damages resulting from such investment decisions.