Gate Research Institute: NEAR Surges Over 39%, Polygon Transaction Fees Remain High | Gate VIP Weekly Report (February 23 – March 1, 2026)

Last Week's Market Highlights:

Alpha Mining: Amid the US-Iran conflict, volatility in gold, crude oil, and crypto markets has intensified. Over the past week, BTC experienced a rapid decline on the 4-hour chart, then gradually entered a low-range consolidation and recovery phase. ETH's overall performance over the past week was weaker than BTC, still showing a downward structure. NEAR increased approximately 39.62% in total, making it the most prominent strong performer in this cycle.

On-Chain Funds: Arbitrum saw a net outflow of about $235 million, with funds mainly diverted to Base, Ethereum, and Hyperliquid. Geopolitical conflicts have increased volatility in oil and gold, prompting some funds to retreat to safe assets, while others shifted to on-chain macro trading and hedging, reflecting portfolio rebalancing rather than full exit. Meanwhile, Polymarket has driven Polygon transaction fees to high levels, indicating that real-world events are accelerating the flow of cash onto the chain.

This report will provide an in-depth analysis of these trends, along with detailed market data and technical insights. Click to view the full report, accurately grasp market dynamics, gain forward-looking strategic perspectives, and uncover potential opportunities in the next cycle.

Disclaimer Investing in cryptocurrencies involves high risks. Users are advised to conduct independent 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 resulting from such investment decisions.