AZTEC and ESP join Coinbase Roadmap: Short-term capital attention analysis

Event Confirmation and Background

Official announcement verification : On February 4, 2026, Coinbase's official Twitter account (@CoinbaseMarkets) officially announced the addition of Aztec (AZTEC) and Espresso (ESP) to its listing roadmap. The tweet received 2,741 views, 12 likes, and 1 retweet. Community discussion was predominantly positive, but engagement was moderate, showing no signs of viral spread.

Project fundamentals :

• AZTEC : A privacy-first zk-rollup Layer 2 project focused on confidential transactions and programmable privacy on Ethereum. It has raised a total of $171.4 million in funding, with investors including top institutions such as a16z and Paradigm. It boasts a solid community base with 202,728 Twitter followers.
• ESP : A high-performance rollup foundation layer that provides fast finality and cross-chain interoperability for L2 transactions. It has raised a total of $64 million in funding, with investors including a16z and Sequoia Capital. The project has been adopted by leading teams such as Arbitrum and Polygon.

Market reaction analysis

Social media buzz and community expectations

• Twitter discussion : KOL opinions focused on AZTEC's sequencer staking mechanism (with over 4,500 validators) and the progress of TGE (token generation event). Discussion activity was moderate, without explosive growth. Keyword mentions did not surge, and likes and retweets remained stable.
• Expected Market Performance : Polymarket's forecasting platform shows that AZTEC's FDV (Fully Diluted Valuation) market trading volume reached $257,550, with active community predictions regarding whether the FDV will exceed $300 million. AZTEC 's public sale committed over 7,000 ETH (confirmed), reflecting high early community participation.

TGE Progress and Funding Signs

• AZTEC TGE Timeline : TGE voting has begun, with the earliest execution time being February 12, 2026 at 07:00 UTC. Voting requires 66% approval and 100 million tokens to participate. Team and investor tokens will be locked for one year, gradually unlocking to reduce short-term selling pressure. Aztec Network
• Evidence of fund inflows : There are currently no direct signs of fund inflows (such as a surge in staking or a spike in pre-sale sales). The token is in the pre-sale or unlisted stage, lacking real-time price and trading volume data, making it difficult to quantify short-term fund activity.
• ESP Status : Limited information on the economics of the ESP token (total supply not disclosed), no clear TGE timeline or FDV estimate, and relatively low market attention.

Short-term capital inflow assessment

Signs of warming : Moderate to weak. The main drivers are the TGE hype and increased transparency of the Coinbase Roadmap, but:

• Social interaction was moderate (2,741 tweet views, 12 likes), and there were no "pump" characteristics (such as a surge in likes/mentions).
• Polymarket anticipates market activity, but trading volume is concentrated on long-term FDV forecasts rather than short-term price action.
• There is no on-chain or exchange data to support the inflow of funds (the token is not listed, so it is impossible to track trading volume or liquidity changes).

Key limitations : The token is not listed, lacking price, trading volume, and holder data; short-term capital activity can only be inferred through indirect indicators (such as social discussion and market expectations).

Risk Warnings and Conclusions

Risk factors :

• The tokens are not listed : AZTEC and ESP have no real-time trading data, making it difficult to anchor investment decisions in terms of price.
• TGE Uncertainty : AZTEC voting requires community consensus, and failure may delay token circulation.
• Valuation risk : AZTEC Polymarket's FDV forecasts indicate high community expectations (>$300 million), but the actual post-market performance may be volatile.
• Competitive Landscape : The privacy L2 and rollup base layer sectors are highly competitive (e.g., StarkNet, Arbitrum), and projects need to verify product-market fit.

Conclusion : The addition of Coinbase Roadmap did increase short-term attention for AZTEC and ESP, but the signs of "warming up" were mainly limited to community expectations and TGE hype, rather than actual capital inflows. Investors should exercise caution.

• Short-term opportunity : Pay attention to the voting results of AZTEC TGE (February 12th is a key date), a successful vote may trigger pre-IPO speculation.
• Long-term value : Relies on the project's fundamentals (Aztec's privacy technology, Espresso's ecosystem integration) rather than being driven by short-term events.

Data Limitations : This report is based on publicly available social media data, announcements, and anticipated market information. It lacks real-time on-chain data, exchange metrics, and price information. Therefore, the conclusions may be limited by the freshness and completeness of the data. It is recommended to monitor real-time data after token listing to verify fund flows.