Trading

Stable is an application-specific Layer 1 blockchain co-launched by Bitfinex and Tether. Its core operational mechanism involves the deep integration of USDT into the network’s base layer, serving directly as the native Gas token for transaction fees. By introducing USDT0 assets based on the LayerZero OFT standard, the protocol enables seamless cross-chain transfers across multiple major public chains and utilizes its proprietary StableBFT consensus algorithm to provide sub-second transaction finality. Furthermore, Stable is a pioneer in natively supporting the EIP-7702 protocol at the L1 level, granting traditional Externally Owned Accounts (EOAs) programmable smart contract capabilities and establishing a high-performance, ultra-low-friction stablecoin payment foundation.

Stable and Plasma are two high-performance Layer 1 blockchains within the Tether ecosystem focused on stablecoin settlement, representing different technical paths toward "stablecoin nativization." Deeply supported by Bitfinex and Tether, Stable’s core feature lies in utilizing USDT directly as the network's native Gas token, eliminating the friction of users needing to hold non-stablecoin assets for payments. Conversely, Plasma operates as an EVM-compatible Bitcoin sidechain, focusing on its "three-stage" consensus mechanism and private transaction modules to provide high-throughput underlying support for large-scale commercial payments and cross-border remittances.

Stable is a dedicated Layer 1 blockchain co-developed by Bitfinex and Tether. Its core design utilizes USDT as the native Gas token, completely eliminating the pain point of users needing to hold volatile native tokens for transactions. The protocol not only supports the native execution of smart contracts on a stablecoin settlement layer but also introduces USDT0 assets based on the LayerZero OFT standard, enabling seamless, bridge-less cross-chain liquidity transfers. Through priority execution channels and a compliant architecture, Stable provides a transparent, secure digital dollar settlement layer with instant finality for both institutional and individual users.

Aster and Hyperliquid are the two representative protocols of the "purpose-built L1 path" within the current decentralized perpetual exchange (Perp DEX) sector. As a pioneer in the field, Hyperliquid has built a deep liquidity moat through its highly mature order book architecture and strong community consensus. Conversely, Aster, as a rising challenger, seeks to leapfrog the competition in high-performance trading through more aggressive multi-chain aggregation logic, private transaction modules, and an underlying execution environment optimized for 2026 market demands.

ASTER is the native equity and governance token of the Aster ecosystem, with its core value built upon a radical "Deflationary Engine." Beyond serving as a governance tool, ASTER integrates multiple utilities including staking rewards, trading fee discounts, and liquidity incentives. Through its deep integration with the upcoming dedicated Layer 1 mainnet, it enables direct value capture from protocol cash flow to token holders.

The core operational logic of Aster lies in achieving real-time order book matching through its "Application-Specific Chain" architecture. The protocol breaks through the performance bottlenecks of traditional general-purpose public chains, leveraging customized consensus mechanisms and execution environments to introduce high throughput and microsecond-level latency to decentralized trading. Through its intelligent routing and multi-chain liquidity aggregation modules, Aster has constructed a deeply deployable and cross-chain compatible on-chain derivatives clearing layer while ensuring user asset self-custody.

Gate Research Daily Report: Amid ongoing economic uncertainty, Bitcoin remains within a downward channel. Ethereum is attempting to stabilize in the short term but has yet to achieve a decisive breakout above its key resistance zone. As risk appetite improved, FAI, SIREN, and BOBA surged more than 125%, 83%, and 58%, respectively, over the past 24 hours. Claude experienced a widespread service outage, affecting thousands of users globally. Digital asset investment products recorded $1 billion in inflows last week, ending a five-week streak of outflows totaling $4 billion. While tensions in the Middle East have heightened short-term volatility, the long-term outlook remains intact, with some traders positioning for a potential rebound.

Gate Research Daily Report: On March 2, the crypto market continued to trade in a high-volatility consolidation pattern, with BTC repeatedly fluctuating within the $66,000–$67,000 range and ETH rebounding but still in the process of trend confirmation, as overall risk appetite kept contracting. Escalating geopolitical tensions in the Middle East heightened macro uncertainty, driving gains in oil and gold, while the Fear & Greed Index fell to 10. Structurally, clear divergence emerged among small-cap and thematic assets: SYND surged on exchange incentives and ecosystem partnership catalysts, ARC strengthened amid renewed AI narrative rotation, and CFG attracted buying interest following its listing on a Korean exchange. On the industry front, X lifted its ban on paid crypto promotions while tightening disclosure requirements, SpaceX advanced its IPO plans and disclosed holdings of 8,285 BTC, and Vitalik noted that AI is significantly accelerating Ethereum’s development process, underscoring that innovation and

Gate Research Daily Report: On February 27, BTC rebounded after a sharp drop to $62,501 and is now consolidating above $67,000; ETH recovered from the $1,800 level and is holding near $2,020 in a high-level range; GT is showing a rebound-driven consolidation structure; POWER led the market with a +113.53% surge, while small-cap tokens such as DENT and RAVE also posted strong gains. A suspected insider earned over $411,000 on Polymarket by betting on ZachXBT’s allegations against Axiom; claims that Jane Street “manipulated the 10 a.m. Bitcoin dump” lack data support, with analysts pointing instead to ETF authorized participant mechanics; Circle shares broke above $90, with analysts saying the stock has “clearly decoupled” from broader crypto trends, as applications like Polymarket are seen as new growth drivers for USDC.

Gate Research Weekly Report: BTC has reclaimed $65,000 but remains capped by resistance at $66,000–$68,500, with prices likely to range between $60,000 and $70,000 in the near term. ETH has moved back above $2,000 but continues to trade within a descending channel, facing resistance at $2,050–$2,150. Altcoin sentiment has improved, though the broader market remains in “extreme fear.” CRYPTOBURG surged on exchange listing and airdrop expectations, while MBX and POWER gained on trading momentum and speculative flows. Nvidia’s Q4 revenue rose 73% year-over-year, reinforcing the AI narrative; Bitcoin funding rates turned negative, and short liquidations intensified positioning dynamics; Jane Street faces insider trading allegations, sparking regulatory debate. This week’s focus includes ZachXBT’s investigative report, Ethereum’s seven-fork Strawmap roadmap, and Circle’s better-than-expected earnings. Next week, watch for unlock pressure from SUI, JUP, and GRASS.

Gate Research Daily Report: On February 25, the crypto market saw a technical rebound, but overall conditions remain range-bound and largely driven by market sentiment, with BTC and ETH showing short-term recovery while medium-term direction remains unclear. Capital continues to rotate into high-narrative assets, with ENSO, ESP, and POWER strengthening on catalysts tied to cross-chain execution infrastructure, unified interaction layers, and funding tailwinds, respectively. Structurally, Ethereum RWA market capitalization has surpassed $15 billion, signaling accelerating real-world asset tokenization, while Gate continues to укрепen its spot and derivatives market share and advance TradFi and AI trading features—highlighting infrastructure build-out and compliance as key medium- to long-term themes.

Gate Research Daily Report: Affected by factors including Trump’s proposed 15% global tariffs, Bitcoin lacks strong upward momentum. Ethereum continues to consolidate near its 20-day low, with multiple momentum indicators still pointing to a weak market structure. PIPPIN rose 16.62%, mainly driven by strong speculative buying and community momentum. POWER gained 12.05%, largely fueled by leveraged trading activity. Anthropic’s announcement on automating COBOL system modernization triggered an 11% drop in IBM’s share price. ZachXBT is set to release a major investigation, with prediction markets and Trump-related projects expected to face scrutiny. Vitalik sold 10,700 ETH this month at an average price of $2,027, drawing market attention.

Gate Research Daily Report: On February 13, BTC traded with a weak consolidation bias, briefly dipping to USD 65,230 before stabilizing and hovering in the USD 65,400–65,600 range; ETH failed to hold above USD 1,980 and pulled back, currently consolidating weakly between USD 1,910–1,930; GT retreated after a prior rebound, oscillating around USD 6.90; BTR surged +63.33% over 24 hours, becoming the market standout amid renewed Bitcoin ecosystem momentum. On the macro front, Standard Chartered lowered its long-term price targets for BTC and ETH, Vitalik emphasized that crypto applications should refocus on product fundamentals, and the acquisition of Northern Data’s mining business by entities linked to Tether executives drew market attention.

Gate Research Weekly Report: After a sharp sell-off, the market has entered a consolidation phase, with BTC and ETH still capped by key moving averages. Capital is rotating back into high-beta sectors such as AI, signaling a modest recovery in risk appetite. Ethereum’s staking ratio has surpassed 30%, reaching a new all-time high and pointing to ongoing supply contraction and a rebalancing of liquidity structures. Zerohash’s integration with Monad and USDC is advancing the deployment of stablecoin payment infrastructure at the L1 level. Tether’s U.S. Treasury holdings continue to expand, accelerating the integration of stablecoins into the short-term interest rate system. Overall crypto market capitalization continues to decline, indicating that the market remains in a near-term de-risking phase. Meanwhile, Anchorage has completed a strategic financing round of approximately $100 million, with participation from Tether.

Gate Research Daily Report: On February 11, the crypto market remained under downward pressure, with major assets trading in a weak consolidation range as BTC and ETH hovered at elevated levels without clear directional momentum. On the thematic front, capital continued to rotate into high-narrative trades: POWER surged on strong volume driven by the Web3 incentive-layer narrative and ecosystem partnership developments; PIPPIN rebounded sharply on the back of AI creator IP momentum and sentiment recovery; while SONIC strengthened amid the SVM expansion narrative and intensified community exposure. Structurally, the tokenized Treasury market surpassed $10 billion in size, reinforcing RWA’s role as a foundational asset within on-chain finance, while Gate TradFi’s cumulative trading volume exceeded $33 billion.