Gate Research Institute: Cryptocurrency Market Review for January 2026

Key Highlights:

• Cryptocurrency Market Performance: In January, daily trading volumes for BTC and ETH remained high with oscillating trends, experiencing multiple volume fluctuations throughout the month. Market sentiment shifted from recovery to caution, increasing volatility and reducing trend continuity.

• Major Public Chain Data Analysis: The market value of stablecoins across various public chains remains highly concentrated, with Ethereum accounting for over half, followed by Tron, maintaining its position as the mainstream choice for cross-chain payments and token transfers.
• Hot Project Developments: Gold and silver prices hit record highs, tokenized commodities surpassed a market cap of $5 billion, increasing over 35% in 30 days, with monthly transfers exceeding $13 billion, driven primarily by gold tokens. Market forecasts suggest January trading volume reached a new high of $12 billion, with total on-chain fees exceeding $11 million, with trading and fee volumes rising in tandem. Under the influence of point-based incentives and short-term high-frequency contracts, trading volume and fees both increased.

• Funding and Security Incidents: In January, the Web3 industry completed 53 funding rounds totaling $1.82 billion, mainly flowing into blockchain services and CeFi sectors. On the security front, Web3 security incidents showed a pattern of “few large losses and many small ones.” Contract vulnerabilities remain the primary risk, accounting for 34.5%; Step Finance suffered a treasury theft of approximately $40 million due to a supply chain attack, marking the largest security loss of the month.

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