Gate Research Institute in the report "2025 Cryptocurrency Market Review and 2026 Outlook" pointed out that in 2025, the total market capitalization of cryptocurrencies experienced a pattern of "initial decline, rebound, and repeated setbacks," with the on-chain perpetual contract trading volume expanding, and liquidity and trading experience improving. It is predicted that market trading volume will surpass $10 billion, with functions gradually upgrading to a pricing signal layer for macroeconomic and policy expectations. The efficiency of stablecoin settlement improvements and the growth of cross-border consumption demand have driven expansion in the crypto payments sector. The Web3 industry completed nearly 1,000 financing deals throughout the year, with a total scale of approximately $34.9 billion. The number of security incidents decreased, but the losses per incident increased. Looking ahead to 2026, Bitcoin holding structures will concentrate among large institutions and professional custodians, with monetary policy paths dependent on the evolution of economic data. #GateDEX