diff --git a/package.json b/package.json
index 75c7c941d..8f74bb1ac 100644
--- a/package.json
+++ b/package.json
@@ -55,7 +55,7 @@
     "@cosmjs/tendermint-rpc": "^0.32.1",
     "@datadog/browser-logs": "^5.23.3",
     "@dydxprotocol/v4-client-js": "3.4.0",
-    "@dydxprotocol/v4-localization": "1.1.378",
+    "@dydxprotocol/v4-localization": "1.1.381",
     "@dydxprotocol/v4-proto": "^7.0.0-dev.0",
     "@emotion/is-prop-valid": "^1.3.0",
     "@hugocxl/react-to-image": "^0.0.9",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 58b74a4bc..f54e99887 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -33,8 +33,8 @@ dependencies:
     specifier: 3.4.0
     version: 3.4.0
   '@dydxprotocol/v4-localization':
-    specifier: 1.1.378
-    version: 1.1.378
+    specifier: 1.1.381
+    version: 1.1.381
   '@dydxprotocol/v4-proto':
     specifier: ^7.0.0-dev.0
     version: 7.0.5
@@ -1702,8 +1702,8 @@ packages:
       - utf-8-validate
     dev: false
 
-  /@dydxprotocol/v4-localization@1.1.378:
-    resolution: {integrity: sha512-nKLfOOQZHLbeG/FRzRZ/x4wiiwo9DPmHZLDrTzIE5Wk+SwVCZb/PONkKX0CcBit3BhTTxcHyL/lCzkZhJ7P7ow==}
+  /@dydxprotocol/v4-localization@1.1.381:
+    resolution: {integrity: sha512-udjCFF/EpW62bRP/Q0OXqV4rowFrhwTWLBQ+mwFPjm38Os/BRJEBij4skuoGrYMXHuj3wDzvrqzO19rrTmZnLA==}
     dev: false
 
   /@dydxprotocol/v4-proto@7.0.5:
diff --git a/src/hooks/rewards/util.ts b/src/hooks/rewards/util.ts
index e8d549ecf..aeb67feff 100644
--- a/src/hooks/rewards/util.ts
+++ b/src/hooks/rewards/util.ts
@@ -38,6 +38,11 @@ export const LIQUIDATION_REBATES_DETAILS = {
   rebateAmountUsd: 1_000_000,
 };
 
+export const FEB_2026_COMPETITION_DETAILS = {
+  rewardAmount: '$1M',
+  rewardAmountUsd: 1_000_000,
+};
+
 export const DEC_2025_COMPETITION_DETAILS = {
   rewardAmount: '$1M',
   rewardAmountUsd: 1_000_000,
diff --git a/src/pages/markets/MarketsBanners.tsx b/src/pages/markets/MarketsBanners.tsx
index 7b5f9fc9c..ee0cfa25f 100644
--- a/src/pages/markets/MarketsBanners.tsx
+++ b/src/pages/markets/MarketsBanners.tsx
@@ -179,10 +179,10 @@ export const MarketsBanners = ({
           <span tw="mr-0.25 rounded-[0.25rem] bg-color-accent px-0.25">
             {stringGetter({ key: STRING_KEYS.NO_FEE_NOVEMBER_BANNER_TITLE_ACCENT })}
           </span>{' '}
-          {stringGetter({ key: STRING_KEYS.NO_FEE_JANUARY_BANNER_TITLE })}
+          {stringGetter({ key: STRING_KEYS.NO_FEE_FEBRUARY_BANNER_TITLE })}
         </span>
         <Link isAccent onClick={onClickNoFeeBanner} tw="font-base-medium">
-          {stringGetter({ key: STRING_KEYS.NO_FEE_NOVEMBER_BANNER_CTA })} →
+          {stringGetter({ key: STRING_KEYS.NO_FEE_FEBRUARY_BANNER_CTA })} →
         </Link>
       </div>
       <IconButton
diff --git a/src/views/MarketsStats.tsx b/src/views/MarketsStats.tsx
index ee8b0c399..aaa493f2a 100644
--- a/src/views/MarketsStats.tsx
+++ b/src/views/MarketsStats.tsx
@@ -5,7 +5,7 @@ import { ButtonAction, ButtonType } from '@/constants/buttons';
 import { STRING_KEYS } from '@/constants/localization';
 import { MarketFilters, MarketSorting } from '@/constants/markets';
 
-import { DEC_2025_COMPETITION_DETAILS } from '@/hooks/rewards/util';
+import { FEB_2026_COMPETITION_DETAILS } from '@/hooks/rewards/util';
 import { useBreakpoints } from '@/hooks/useBreakpoints';
 import { useMarketsData } from '@/hooks/useMarketsData';
 import { useStringGetter } from '@/hooks/useStringGetter';
@@ -55,8 +55,8 @@ export const MarketsStats = (props: MarketsStatsProps) => {
         <div tw="z-[1] flex max-w-[65%] flex-col gap-2">
           <span tw="text-white font-extra-bold">
             {stringGetter({
-              key: STRING_KEYS.COMPETITION_HEADLINE_DEC_2025_UPDATE_1,
-              params: { REWARD_AMOUNT: DEC_2025_COMPETITION_DETAILS.rewardAmount },
+              key: STRING_KEYS.COMPETITION_HEADLINE_FEB_2026,
+              params: { REWARD_AMOUNT: FEB_2026_COMPETITION_DETAILS.rewardAmount },
             })}
           </span>
           <Button