Gate Research: Ethereum Leads Tokenized Commodity Issuance | Prediction Market Volume Hits a New High

• Market Commentary: BTC and ETH are consolidating after a pullback from recent highs, with short-term positioning focused on risk control. Flows remain defensive, rotating into steadier altcoin themes such as tokenized commodities/gold, payments, privacy, and DID. On-chain, long-term holders have accelerated distribution, marking Bitcoin’s strongest sell pressure since August and signaling persistent near-term supply overhang.
• Key Data: Ethereum dominates tokenized commodity issuance with an 85% share, indicating continued concentration of RWA activity in leading ecosystems. Prediction market volume hit a new all-time high and is increasingly functioning as an on-chain “expectations pricing layer,” while Polymarket has driven a surge in USDC usage. Mizuho also upgraded Circle’s rating and highlighted its growth optionality.
• This Week’s Focus: The rebound in prediction-market activity is repricing two core narratives: (1) the value of “on-chain expectations pricing” for event-driven trading and information aggregation, and (2) stronger demand for stablecoins—especially USDC—in high-frequency settlement and in-app circulation, further tightening the linkage between stablecoins and the application layer.
• Next Week to Watch: Over the next 7 days, SUI, XDC, and EIGEN will see sizable token unlocks. The resulting supply release may disrupt prices and market sentiment in the short term; monitor the unlock schedule and the market’s absorption capacity.

Discover more details today → Gate Research: Ethereum Leads Tokenized Commodity Issuance | Prediction Market Volume Hits a New High

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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own 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 arising from such decisions.

Gate Team
January 29, 2026

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