【Gate Research Institute: Gold and Silver Prices Reach Historic Highs, Significantly Expanding the Tokenized Commodities Sector】

ChainCatcher reports that the Gate Research Institute recently released the "January 2026 Cryptocurrency Market Review" indicating that in January, the market capitalization distribution of stablecoins across public blockchains remained highly concentrated. Ethereum accounted for over half of the share, continuing its role as a core settlement and DeFi liquidity hub; Tron remained in second place, playing a key role as a high-frequency settlement channel in cross-chain payments and token transfers. In terms of macro assets, gold and silver prices surged to historic highs, driving a significant expansion of the tokenized commodities sector. The total market cap of related tokens exceeded $5 billion, with a growth of over 35% in the past 30 days. Monthly on-chain transfer volume surpassed $13 billion, with gold tokens being the main growth driver. Meanwhile, the trading volume in the prediction market hit a new high of $12 billion in January, with total on-chain transaction fees exceeding $11 million. Driven by the incentive mechanisms of points and high-frequency short-term contracts, trading activity and protocol revenue increased in tandem. On the capital side, the Web3 industry completed 53 funding rounds in January, totaling approximately $1.82 billion, mainly flowing into blockchain services and CeFi-related sectors. Regarding security, Web3 risk events showed a loss structure characterized by "few large-scale and dispersed small-scale incidents." Contract vulnerabilities remain the primary risk source, accounting for 34.5%; among them, Step Finance suffered a supply chain attack, resulting in a loss of about $40 million in treasury assets, making it the largest security incident of the month.