CryptoQuant Flags Structural Shift as Crypto Natives Pile Into TradFi

TLDR:

• Gate’s TradFi volume grew from near zero to a widening share of total activity through early 2026.
• Spot trading on Gate compressed from ~35% in early 2025 to low double digits as TradFi expanded.
• Gold and silver instruments, including XAU and XAUT, now lead Gate’s TradFi volume by category.
• Equity exposure on Gate spans Nvidia, Tesla, and crypto-linked names via USDT-based fractional access.

Crypto-native investors are quietly gaining exposure to stocks and metals through their existing exchange accounts. Data from Gate shows a structural change in how users are building multi-asset positions. 

TradFi instruments, once a negligible slice of overall volume, now represent a visible and growing share of activity in 2026. Metals and equities are drawing sustained participation across multiple market cycles.

Gate’s TradFi Volume Signals a Multi-Asset Shift Among Crypto Users

Futures still dominate Gate’s order book, holding around 80% of total volume. But the composition beneath that headline figure has shifted. 

Spot trading compressed from roughly 35% of volume in early 2025 to low double digits. The gap was filled by TradFi instruments, which grew from near zero to a consistent and expanding band.

CryptoQuant analyst MorenoDV_ flagged this pattern in recent data. The TradFi slice has gone through several sharp expansion phases. 

Each time, activity pulled back but settled at levels materially above where it started. That pattern rules out a one-time launch spike.

Users are returning to these markets repeatedly. The driver appears to be macro conditions. When equities, commodities, or monetary policy narratives generate stronger signals than crypto, traders are pivoting within the same platform.

Gate’s infrastructure makes that pivot frictionless. USDT-based access, fractional trading, and real U.S. stock exposure allow users to reposition without transferring capital to a separate brokerage.

Metals Lead TradFi Demand as Equities Build a Strategic Foothold

Gold and silver instruments are generating the majority of Gate’s TradFi volume. Tickers including XAU, XAG, and XAUT account for the bulk of metals activity. 

Demand for these instruments reflects a broader search for defensive positioning and macro hedges during periods of crypto uncertainty.

Oil remains a relatively small portion of TradFi volume. Equities represent a lower share overall but carry notable strategic weight. 

According to CryptoQuant data, activity is spread across technology, AI, and crypto-linked names. Nvidia, Tesla, Circle, and Coinbase-related instruments are among the tickers seeing consistent traffic.

Volume across equities remains sensitive to news events. But the spread across multiple tickers signals more than reactive trading. 

Crypto users are building familiarity with stock exposure on a venue they already use.

MorenoDV_’s analysis frames this as a behavioral evolution rather than a product novelty. Investors are not stepping back from risk. They are expanding the range of instruments through which they express it.

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