Gate Research Institute: H soars 42%, RWA Perp DEX trading volume hits new high | Gate VIP Weekly Report (February 2, 2026 – February 8, 2026)
Last Week’s Market Highlights:
Alpha Mining: Over the past week, BTC experienced a sharp decline followed by low-range consolidation and recovery. The price remains below the MA30, with limited rebound strength and insufficient volume, indicating a technical correction rather than a trend reversal. ETH has fallen more than BTC in the past week, with de-leveraging more concentrated. The rebound is limited, still trading below the medium-term moving average, with contract holdings hovering at low levels. In the short term, the market is mainly experiencing weak recovery and range-bound oscillation. H increased approximately 41.94% over the past 7 days, becoming the most prominent strong performer in this cycle.
On-Chain Funds: Over the past week, on-chain capital flows on public chains showed clear signs of unidirectional concentration and de-leveraging. Due to the rapid market decline, Aave whales focused on repaying loans and adding collateral under liquidation pressure, driving stablecoins and settlement funds back to the Ethereum mainnet, resulting in an estimated net inflow of about $1.1 billion. Macro asset on-chain trading activity continued to heat up, with RWA Perp DEX trading volume reaching over $6 billion in a single day, a new high, with commodities like gold and silver accounting for nearly 75%.
This report will provide an in-depth analysis of the above trends, along with detailed market data and technical insights. Click to view the full report to accurately grasp market dynamics, gain forward-looking strategic perspectives, and uncover potential opportunities in the next cycle.
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