Gate Research: Solana ETF Records Largest Single-Day Net Inflow, Giza’s AI Agent AUM Surpasses $40 Million

Crypto Market Overview

BTC (+1.17% | Current Price: 93,921 USDT): On the daily chart, Bitcoin has broken above the upper boundary of its medium- to long-term descending trend channel. The MACD green histogram continues to rise and the RSI is trending higher, together releasing relatively constructive technical signals and suggesting further upside potential. BTC is currently testing resistance around the $93,400 level, which closely overlaps with a prior high-volume trading area. A decisive breakout could open room for a move toward the $100,000 psychological level. Liquidation heatmap data show that recent liquidation clusters are concentrated below the current price, particularly in the $85,000–$87,000 range, indicating a high concentration of leveraged long positions. In contrast, overhead liquidity appears more dispersed, implying that further momentum accumulation may be needed before a sustained advance. The recent gradual grind higher has cleared some short-term short positions, but overall momentum remains limited. Structurally, confirmation of a valid breakout will still require an expansion in volatility and stronger directional momentum. Until then, the current move should be viewed as a probing advance rather than the formal start of a new uptrend.

ETH (+1.52% | Current Price: 3,230 USDT): Ethereum is currently consolidating near a key technical zone, with short-term price action likely to provide important directional signals. On the daily timeframe, price has slightly broken above the descending channel that had guided ETH for several months. The recent rebound has pushed price toward the upper boundary of this channel; however, the move has not been accompanied by a meaningful expansion in volume or clear trend continuation, making it more consistent with a corrective rebound than a trend reversal. The current consolidation alone is insufficient to confirm a sustained uptrend. Going forward, close attention should be paid to the $3,400 level near the upper edge of the wedge. Ideally, a decisive breakout followed by a successful retest would be needed to confirm a genuine recovery in upside momentum.

Altcoins: Over the past 24 hours, altcoins have broadly advanced, with XRP surging 11.25% and SOL gaining 1.26%. The Altcoin Season Index stands at 27, indicating that market risk appetite is continuing to recover from low levels.

Macro: On January 5, the S&P 500 rose 0.64% to 6,902.05, the Dow Jones Industrial Average gained 1.53% to 48,977.18, and the Nasdaq Composite increased 0.69% to 23,395.82. As of January 6 at 03:00 AM (UTC), spot gold was trading at $4,462 per ounce, up 0.40% over the past 24 hours.

Trending Tokens

DUSK — Dusk Network (+19.27%, Circulating Market Cap: $29.39M)

According to Gate market data, DUSK is currently trading at $0.05823, up 19.27% over the past 24 hours. Dusk Network is a decentralized blockchain protocol designed to provide privacy-preserving yet transparent solutions for payments, communication, and asset ownership transfers. Unlike traditional PoW or PoS systems, Dusk introduces a novel privacy-oriented consensus mechanism known as the Segregated Byzantine Agreement (SBA).

The recent price surge reflects positive developments from the DuskDS Layer-1 upgrade. On December 10, 2025, Dusk successfully completed the DuskDS network upgrade, enhancing data availability and performance in preparation for the upcoming DuskEVM mainnet. Node operators are required to upgrade, signaling that EVM compatibility is approaching. This upgrade reduces execution risk for developers and institutions building on Dusk, directly increasing network usage demand for the DUSK token.

SOMI — Somnia (+17.80%, Circulating Market Cap: $47.82M)

According to Gate market data, SOMI is currently priced at $0.2997, up 17.80% in the past 24 hours. Somnia is a Layer-1 blockchain and a suite of omnichain protocols connecting the metaverse, aiming to create a new, open, and unified virtual society. It enables developers to upgrade existing NFTs into portable and remixable content, unlocking broad creative possibilities.

The primary driver behind SOMI’s rally is its exchange listing. SOMI was listed on an exchange in December, expanding its coverage in Asian markets. Turnover has risen to 0.37, indicating improved liquidity. Listings help reduce slippage for large trades and attract algorithmic traders, but they also make profit-taking more accessible. While positive over the long term, approximately 16.02% of the circulating supply remains subject to potential unlocking, which may introduce near-term volatility.

PRCL — Parcl (+84.09%, Circulating Market Cap: $18.02M)

According to Gate market data, PRCL is currently trading at $0.04005, up 84.09% over the past 24 hours. The Parcl protocol is the first decentralized exchange focused on real estate, allowing users to take leveraged long or short positions on real-world property price movements.

PRCL’s sharp rally is primarily driven by its partnership with Polymarket. On January 5, Parcl announced a collaboration with the leading prediction market platform Polymarket to launch real estate prediction markets settled using the Parcl Housing Price Index. This partnership positions PRCL as a key data provider within the crypto prediction market ecosystem and further reinforces Parcl’s role as a bridge between real-world assets (RWA) and crypto—a theme expected to gain significant traction in 2026. As traders increasingly use Parcl indices to speculate on U.S. housing trends, demand for PRCL may continue to rise.

Alpha Insights

Ethereum’s Leverage Ratio on CEXs Nears a One-Year High

A comparison between Ethereum’s estimated exchange leverage ratio and its price action shows a broadly rising, range-bound trend, with leverage recently climbing to a local high of around 0.76, while prices have rebounded to the $3,100 area.

At present, Ethereum’s leverage level on centralized exchanges is close to its highest point in nearly a year. This rapid increase reflects stronger risk appetite and confidence among traders, but it also objectively increases the fragility of the market structure. Price appreciation accompanied by leverage expansion typically signals ample futures market liquidity and dominant long positioning; however, this dynamic is inherently unstable. If sentiment shifts or prices enter a consolidation phase, highly leveraged positions can quickly turn into downside pressure. Historically, periods of elevated leverage have often been followed by either price pullbacks or a sharp expansion in volatility to flush out excessive leverage.

Solana Spot ETFs See Record $16.8M Daily Net Inflow

On January 6, according to Farside data, Solana spot ETFs recorded a net inflow of $16.8 million yesterday—the largest single-day inflow since their public listing—bringing cumulative net inflows to $791 million. Among them, Bitwise’s BSOL saw net inflows of $12.5 million, while Fidelity’s FSOL recorded $2 million.

This record-breaking inflow underscores growing institutional recognition of Solana as an asset class, particularly as products from leading firms such as Bitwise and Fidelity continue to attract allocations. Since their launch in late October, these ETFs have drawn nearly $800 million in less than three months—a meaningful scale in its own right—indicating that, despite Solana’s regulatory clarity still lagging behind Bitcoin and Ethereum, there is genuine and sustained demand for Solana spot ETFs. Continued inflows not only improve Solana’s liquidity structure but also provide a more solid capital base for its price performance and ecosystem development.

Giza’s AI Agent AUM Surpasses $40M, Up Over 60% MoM

On January 6, Giza—an AI project supported by the Ethereum Foundation—announced that assets under management by its AI Agents had surpassed $40 million, marking a more than 60% increase month over month. Giza focuses on building infrastructure for verifiable AI Agents in DeFi, enabling them to autonomously perform market analysis, asset optimization, and trading strategies without human intervention, while using zero-knowledge proofs to ensure transparency and security in decision-making.

Giza’s core innovation lies in addressing the trust bottleneck of AI in DeFi through zero-knowledge proofs. Its AI Agents can prove that they are executing strictly according to predefined, reliable models—free from deviation or malicious manipulation—while keeping sensitive model parameters and intellectual property private. This achieves a technical balance between autonomy and trust, making it possible for capital to be managed by AI at scale in a permissionless manner. Giza’s traction represents a key milestone in the DeFAI narrative moving from theory to practice, demonstrating that there is real market demand and capital willing to back the vision of “verifiable AI finance.”


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• CryptoQuant, https://cryptoquant.com/insights/quicktake
• Farside, https://farside.co.uk/sol/
• X, https://x.com/gizatechxyz/status/2008233998850633935?s=46

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
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.