Gate Research: Market Rhythm Led by the Holiday Window | Polymarket Builders Achieve New Peak

• Market Commentary: On December 29, in a low-liquidity environment due to the overlap of the Christmas holiday and the upcoming New Year, the crypto market continued its structural recovery trend, with overall risk appetite remaining cautious. BTC rebounded above 88,000 USDT, with its short-term structure shifting from weak to stable; ETH performed relatively stronger than BTC and is expected to repeatedly test the 3,000 USDT psychological level. The Fear and Greed Index remains in the "Extreme Fear" zone, with the holiday effect amplifying emotional volatility, making the credibility of any trend breakout still limited.
• Trending Tokens: TOKEN (+162%) experienced a significant short-term surge under the backdrop of low circulating market cap, mainly reflecting speculative capital games and an amplified leaderboard effect; TAKE (+41.63%) strengthened due to the launch of the STAKEHOUSE staking system and expectations of ecosystem incentives, with short-term supply contraction providing price support; RIVER (+20%) showed active performance driven by the ongoing momentum of Season 4 incentive mechanisms and community activities, with the price increase largely driven by product mechanisms.
• Alpha Insight: On the capital structure front, the number of Polymarket Builders has rapidly expanded, driving weekly trading volume to exceed $50 million for the first time in history. The ecosystem is transitioning from an early-stage tool phase to a new stage capable of scalable transaction support. On the other hand, Uniswap passed the "UNIfication" proposal and completed a historic burn of 100 million UNI tokens, while also advancing the fee return mechanism, reinforcing expectations for protocol value capture. In addition, Solana co-founder Toly's view that the stablecoin market will surpass $1 trillion in 2026 has sparked continued market attention on the long-term narrative of on-chain payments, settlement, and infrastructure.

Discover more details today → Gate Research: Market Rhythm Led by the Holiday Window | Polymarket Builders Achieve New Peak

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