#GateNovTransparencyReportReleased

November Transparency Report: Deep-Dive Into Market Structure, Liquidity Flows & User Behavior

Gate’s November 2025 Transparency Report presents one of the most comprehensive overviews of crypto market activity this year. In a month marked by shifting sentiment, rising institutional confidence, and increased community participation, the report captures the evolving heartbeat of global digital asset markets. For traders, analysts, and ecosystem observers, these insights provide clarity into how liquidity is behaving, where user attention is flowing, and what opportunities may shape the final weeks of 2025.

Core Market Highlights

1️⃣ Trading Volume Reaches $1.42 Trillion

The platform recorded $1.42T in total trading volume an 18% month-over-month increase. This substantial rise signals not only returning retail activity but also heightened engagement from active traders. November wasn’t a hype-driven month; it was a volume-led recovery shaped by consistent participation across top pairs.

2️⃣ Liquidity Concentration in Leading Pairs

BTC/USDT, ETH/USDT, NIGHT/USDT dominated liquidity throughout the month. Their strength isn’t random these are the pairs traders rely on for stability, lower slippage, tighter spreads, and predictable execution. This dominance also highlights a maturing user preference toward structurally strong assets during periods of rotation.

3️⃣ Over 1.8 Million New Active Users

Gate welcomed 1.8 million new active users, reflecting continued global adoption. This growth strengthens network effects: higher participation improves liquidity depth, broadens market coverage, and supports the ecosystem’s overall health.

4️⃣ Institutional Inflows Rise 22%

Spot ETF inflows surged 22%, emphasizing a major return of institutional capital. Historically, institutional flows act as early momentum indicators when they rise, market confidence deepens and volatility becomes more directional rather than chaotic.

5️⃣ Community Engagement Up 15%

Community campaigns especially NIGHT token activities, airdrops, and incentive programs saw a 15% increase in participation. This shows that engagement-driven models continue to fuel user retention and ecosystem growth.

Market Pulse: What the Report Signals

A notable trend throughout November is capital rotation from mid-cap altcoins into BTC and ETH. This reflects cautious optimism and a preference for clearer, more predictable structures. Traders gravitate toward assets with consistent liquidity before shifting into higher-beta opportunities.
This movement signals the early formation of a potential risk-on environment for December but only after majors confirm their trend.

Key Observations:
• Majors are leading inflows
• Mid-caps are temporarily cooling
• Volume strength favors directional setups
• ETF activity aligns with accumulation phases
• Community tokens remain active catalysts

Trader-Focused Takeaways

1️⃣ Trade High-Liquidity Pairs for Efficiency
Top pairs offer better execution and reduced trading friction, especially in volatile environments.

2️⃣ Monitor Institutional Flows Closely
ETF inflows often precede trend continuation or emerging macro strength.

3️⃣ Use Community Momentum as a Signal
High engagement often anticipates narrative-driven market activity.

4️⃣ Track Liquidity Rotation for Early Advantage
Rotation patterns help identify where the next breakout may appear and when momentum shifts from majors to mid-caps.

Conclusion: Transparency as a Strategic Advantage

The November Transparency Report reaffirms that data not sentiment defines long-term trading success. With rising user activity, deeper liquidity, and returning institutional presence, Gate continues to function as a powerful market indicator. For traders who seek clarity amid shifting narratives, this report provides the precise intelligence needed to adjust strategies, manage risk, and position effectively heading into year-end.

With momentum building and liquidity stabilizing, November’s insights prepare the market for what could become one of the most decisive periods of 2025.