Gate Research Institute: Holiday window leads market rhythm | Polymarket Builders hit new high

Cryptocurrency Market Overview

• BTC (+0.69% | Current price 88,358 USDT): After two days of sideways movement over the weekend, BTC slightly increased to around $88,300, regaining levels above MA5, MA10, and MA30 moving averages. The short-term structure has shifted from weak to stable, with the moving average system showing a recovery bullish pattern. From key price levels, the $88,800–$89,500 range remains a short-term resistance zone formed by previous high-density trading and long upper shadows. Breaking through this level may require repeated digestion. It is important to note that the current period overlaps with the Christmas holiday and New Year’s period, leading to a temporary decrease in participation from European, American, and Asian institutions, resulting in weaker overall liquidity. In a low-volume environment, price fluctuations are more easily amplified, and the credibility of trend breakthroughs is relatively limited. In the short term, prices are more likely to oscillate within a range.
• ETH (+1.53% | Current price 2,985.73 USDT): ETH rebounded to the $2,980 level, with the short-term structure shifting from weak to strong. The moving average system shows a recovery bullish arrangement, performing relatively better than BTC. From key price levels, around $3,000 is a short-term resistance zone formed by the confluence of previous high-density trading and an integer level. Due to the impact of the Christmas holiday and New Year’s low liquidity environment, the current rebound is more of a technical correction. The effectiveness of breaking above the $3,000 mark needs multiple confirmations, and in the short term, the price may fluctuate around this level.
• Altcoins: The Fear & Greed Index remains at 24, indicating “Extreme Fear.” During the holiday period overlapping with New Year’s, the low liquidity environment has amplified emotional volatility, and overall market sentiment remains cautious.
• Macro: On December 26, the S&P 500 index fell 0.03%, closing at 6,929.94 points; the Dow Jones Industrial Average declined 0.041%, closing at 48,710.97 points; the Nasdaq Composite dropped 0.086%, closing at 23,593.1 points. As of 11:30 AM UTC+8 on December 29, spot gold is priced at $4,540.9 per ounce, down 0.27% within 24 hours.

Hot Tokens to Watch

( TOKEN TokenFi (+162%, 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 cryptocurrency tokens and RWA (Real-World Assets). The platform uses a no-code approach, allowing users to quickly issue tokens or digitize assets such as real estate and art through a WYSIWYG interface.

The recent surge in TOKEN is more driven by short-term speculation rather than fundamental positive news, with no significant official announcements or product updates recently. The rise may be attributed 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 ranking effect further amplifies attention and buying interest, attracting FOMO-driven capital inflows.

TAKE OVERTAKE (+41.63%, 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 surge 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, attracting many users to lock in TAKE, reducing circulating supply in the short term and creating buying pressure.

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

According to Gate data, the RIVER token is currently trading at $4.88, up about 20% in 24 hours. River (RIVER) is a chain-abstracted stablecoin system designed to unify cross-chain assets, liquidity, and yields without relying on traditional bridges or wrapped assets. Its core products include omni-CDP stablecoin satUSD, as well as PrimeVault and SmartVault, which are non-liquidation automatic yield vaults.

RIVER’s rise is driven by product mechanism incentives. The Season 4 (S4) incentive mechanism 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.

Alpha Insights

Polymarket Builders weekly trading volume hits new high of over 50 million USD

Recently, the Polymarket Builders ecosystem has shown a clear turning point: 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 under Flowscan; on the other hand, the accumulation of builders is beginning to significantly reflect in trading volume, with weekly trading volume on Polymarket Builders surpassing 50 million USD for the first time, marking a transition from tool and experimental phase to a scalable trading platform.

From a structural perspective, internal differentiation among builders has begun to take shape: betmoar remains the leader, accounting for nearly half; PolyTraderPro, Stand Trade, Polycule, and others compete in the “second tier,” showing a concentrated top and active middle structure. It is worth noting that the ecosystem is still in an early window, with room for new entrants to break through—for example, a new builder called Preddy is still in private mode, with weekly trading volume already exceeding 3 million USD, ranking fourth in weekly volume, indicating a clear product or user base differentiation.

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) Uniswap governance reaches a historic moment, burning 100 million UNI tokens

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

It is noteworthy that 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 part of the protocol fee revenue used for ongoing buybacks and burns of UNI, shifting from a single shock to long-term deflation. After the large burn, UNI experienced a phased rally, breaking above $6 with increased trading volume, reflecting market recognition of the value capture linked to deflation and revenue. As one of the largest on-chain protocols, Uniswap’s transition from a governance token to a deflationary and revenue-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 USD 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 exceed 1 trillion USD. This prediction significantly exceeds conservative estimates from traditional financial institutions—such as JPMorgan, which projects stablecoin supply reaching 500–600 billion USD 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 predictions extend beyond crypto, they reflect a long-term perspective on technological integration and development.
References:

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