Crypto Market Weekly Report

Market Overview

main trends in the market

Market Sentiment and Trends: The market sentiment index reached 91%, indicating an extreme greed state. Although BTC briefly broke above $100,000 before retracing, the overall market resilience remains strong. ETH performed well, driving a general rise in the crypto market, showing sustained confidence in mainstream coins.

Capital Flow Analysis: The market capitalization of stablecoins is steadily increasing, with USDT rising by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous inflow of new funds. Large on-chain transfers are frequent, showing clear signs of institutional capital entering the market. The over-the-counter premium remains within a reasonable range, indicating a healthy supply and demand for funds in the market.

DeFi Performance: The total locked value in DeFi ( TVL ) increased from 46.8 billion USD to 53.2 billion USD, an increase of 13.67%. Liquidity staking projects performed well, benefiting from the rise in underlying asset prices and yield improvement. The activity of lending protocols significantly increased, reflecting a rise in leverage demand. DEX trading volume continued to rise, enhancing market activity.

Meme Coin Market: Meme coins are performing relatively sluggishly, with a weekly return rate of 11.94%. The issuance of new projects has decreased, and investor interest has waned. Funds are shifting towards projects with real applications and fundamentals. The level of discussion on social media has declined, indicating a decrease in risk appetite.

Hot Focus: Layer 1 projects have received the highest social attention, with a weekly return rate of 40.04% in the PayFi track. AI Agent projects have gained a new round of attention, especially projects on the Solana, TON, and Base chains. DeFi high-yield staking products continue to attract attention. The NFT market has seen a resurgence in trading activity, but overall valuation is still seeking a bottom.

Investment Advice:

1. Stay cautiously optimistic, manage risks well, and set reasonable stop-losses.
2. Focus on the liquidity staking and AI Agent sectors to seize capital rotation opportunities.
3. Pay attention to the impact of important events, such as Microsoft's Bitcoin investment proposal, US CPI data, and the European Central Bank's interest rate decision.
4. Maintain sufficient liquidity to cope with market fluctuations and adopt a phased position-building strategy to avoid chasing highs.

Market Sentiment Index Analysis

• The market sentiment index has risen to 91%, a significant increase from last week's 83%, indicating an extreme greed phase.
• Altcoin has shown a similar upward trend to the market this week, fluctuating upwards. The strong performance of ETH has driven a general rise in Altcoins.
• Various public chain projects drive the rise of ecological projects, and it is expected that in the future, funds will rotate, increasing market confidence in the prospects of Altcoins.
• The BTC price briefly broke through $100,000 on Thursday before retreating, with the market being extremely greedy, and a pullback is expected in the future.

Overview of the overall market trend

• The crypto market has seen fluctuations and an upward trend this week, with the sentiment index remaining in the greed phase.
• DeFi projects are performing well, and the market continues to focus on enhancing base returns.
• The AI Agent project is gradually gaining attention, and there may be investment opportunities in the next half month.
• The meme segment has continued to perform poorly this week, failing to gain more market attention.
• ETH drives a general rise in various public chain projects.

Hot Tracks

Tron ecosystem

This week, TRX prices have surged significantly, and Tron has gained high market popularity. As the main trading chain for USDT, activity on the Tron chain has increased substantially.

Data on the Tron chain

• TVL: Increased from 7.97B to 9.32B, a growth of 16.93%, ranking first among major public chains.
• Active accounts: reached 3.6725 million, an increase of 18.06% compared to last week, maintaining rapid growth.
• USDT weekly trading volume: reached 131.4 billion USD, an increase of 16.23% compared to last week, indicating a rise in on-chain trading volume.
• Increment of TVL in DeFi projects: Justlend and SUN grew by 55.34% and 39.49% respectively, with funds continuously flowing into the DeFi track.

The Tron chain continues to develop rapidly, with the rise in TRX prices driving ecological development, and the dominant position of USDT trading on the main chain attracting a large number of users to participate.

AI Agent

The AI Agent track has formed three sub-directions: AI Agent Meme coins, AI Agent issuance platforms, and AI Agent underlying infrastructure. It mainly develops on the Solana, TON, and Base chains.

• Solana chain: centered around vvaifu.fun
• Base Chain: Focused on Virtuals Protocol and AI Agent Layer
• TON Chain: centered around Clanker

The prices of VVAIFU, VIRTUAL, and CLANKER coins have recently risen rapidly, forming a certain market capitalization scale. Currently, they have not been listed on top exchanges and are still in the early stages of the project.

OpenAI's recent actions have sparked speculation in the crypto market regarding the AI sector. In the next 10 days, the AI sector may see a good increase, and investors should pay attention to investment opportunities in related projects.

Traditional AI Projects in the Crypto Market

| Token | Project Name | Last 7 Days Increase | Circulating Market Cap | |------|----------|------------|----------| | TAO | Bittensor | 22.46% | $5,319,989,872 | | FET | Fetch.ai | 25.89% | $5,288,426,405 | | RENDER | Render | 19.65% | $5,227,613,836 | | WLD | Worldcoin | 43.41% | $2,986,557,188 | | AKT | Akash Network | 6.87% | $1,121,411,518 | | ARKM | Arkham | 15.36% | $830,921,472 | | GLM | Golem | 12.47% | $523,951,936 | | AGIX | SingularityNET | 20.58% | $296,226,702 | | TRAC | OriginTrail | 8.01% | $453,330,796 |

DeFi track

TVL Growth Ranking

The top 5 projects by TVL growth in the past week (excluding projects with a smaller TVL, with a standard of over 30 million USD):

| Project Name | Weekly Increase | TVL (million) | |----------|------------|----------------| | BounceBit | 134.26% | 450.13 | | Astherus | 102.65% | 132.13 | | StakeDAO | 77.17% | 176.42 | | Flexa | 74.51% | 338.32 | | SaucerSwap | 68.16% | 136.37 |

BounceBit (BB): (Recommended Index: ⭐️⭐️⭐️⭐️)

• Project Overview: Bitcoin ecosystem re-staking base layer, in deep collaboration with Binance.
• Latest development: Increase the staking interest rates for various tokens to attract a large number of users to participate in staking.

Astherus: (Recommended Index: ⭐️⭐️⭐️)

• Project Overview: Liquidity Center for Staked Assets, supporting LST and LRT.
• Latest developments: Collaborated with Movement Labs, received investment from Binance Labs, and held a staking event.

Stake DAO (SDT): (Recommended Index: ⭐️⭐️⭐️)

• Project Introduction: Decentralized Asset Management Platform.
• Latest developments: The yield of various products has significantly increased, attracting a large number of users to participate.

Flexa: (Recommended Index: ⭐️⭐️)

• Project Introduction: Committed to promoting the application of encryption currency in merchant settlement systems.
• Latest development: Significant progress in offline development, supporting ZEC for daily consumption.

SaucerSwap (SAUCE): (Recommended Index: ⭐️⭐️⭐️)

• Project Introduction: A decentralized exchange based on the Hedera chain.
• Latest developments: Driven by the rise of HBAR, trading volume has increased, and new activities have been launched to attract users.

Overall performance of the track

• Stablecoin market capitalization is steadily growing: USDT increased by 1.74%, USDC increased by 2.03%, indicating a continuous inflow of funds.
• Liquidity is gradually increasing: The arbitrage rates of on-chain DeFi projects are rising due to the increase in the value of encryption assets.

DeFi各赛道TVL：

• TVL increased from $46.8 billion to $53.2 billion, a growth of 13.67%.
• The continuous upward trend over the past two months proves that funds are continuously flowing into DeFi projects.

in-depth analysis

Driving Force of Increase:

• BTC and ETH maintain strong growth, and investors are more optimistic about future price trends.
• DeFi projects increase APY due to the rise in underlying assets, attracting investors to participate.

Growth Leader:

• The liquidity staking track projects have performed outstandingly.
• The increase in the price of underlying assets drives the growth of liquidity pledge projects.
• The expected increase in prices of various public chains will drive the growth of corresponding liquidity staking projects.

Investors are advised to pay more attention to the liquidity staking projects of various public chains in the near term.

Performance in Other Tracks

public chain

Top 5 public chain TVL increases in the crypto market over the past week:

| Project Name | Seven-Day Growth | TVL (million) | |----------|------------|----------------| | Hedera | 74.42% | 176.93 | | Zircuit | 70.79% | 329.84 | | Filecoin | 54.12% | 120.54 | | EOS | 47.66% | 259.38 | | Kaia | 41.28% | 117.16 |

Hedera: HBAR has seen a significant increase, benefiting from ETF applications and on-chain development.

Zircuit: ZRC listed on a new exchange, expanding its use cases and gaining support from Kelp DAO.

Filecoin: The FIL token has surged significantly, leading to an increase in on-chain staking activities.

EOS: Participate in BTC-L2, focus on on-chain ecological construction, increase on-chain activities.

Kaia: Launching a new version, initiating on-chain activities to attract users to participate in staking.

Overview of the Increase Ranking

Top 5 tokens by market gains in the past week:

| Token | Project Name | Weekly Increase | Circulating Market Cap | Circulation Rate | |------|----------|------------|----------|--------| | HYPE | Hyperliquid | 324.49% | $4,524,840,415 | 33.39% | | OL | Open loot | 304.84% | $122,785,197 | 4.73% | | CVX | Convex Finance | 127.01% | $548,205,234 | 82.15% | | IOTA | IOTA | 125.08% | $1,705,326,899 | 76.86% | | CRV | Curve | 124.95% | $1,321,165,128 | 56.63% |

This week's growth ranking shows concentrated characteristics of the public chain track, with a generally better upward trend than BTC and ETH. DeFi projects in various public chain ecosystems are flourishing, with both TVL and trading volume on the rise.

Market Theme Overview

| Track | Weekly Return Rate | Monthly Return Rate | Quarterly Return Rate | |------|----------|----------|----------| | PayFi | 40.04% | 263.27% | 274.23% | | NFT | 35.62% | 88.01% | 159.18% | | Depin | 27.38% | 121.28% | 108.06% | | Gamefi | 26.72% | 138.15% | 149.33% | | Defi | 26.09% | 108.88% | 136.44% | | RWA | 24.71% | 132.19% | 145.52% | | Layer2 | 17.73% | 106.63% | 103.36% | | AI | 14.61% | 80.02% | 116.38% | | Meme | 11.94% | 120.29% | 243.95% | | Cefi | 11.33% | 35.58% | 57.77% | | Layer1 | 9.93% | 60.88% | 82.53% | | SocialFi | 9.71% | 52.63% | 55.32% |

According to the weekly return statistics, the PayFi track performed the best, while the SocialFi track performed the worst.

• PayFi sector: XRP, BCH, and XLM performed strongly, driving the outstanding performance of the entire sector.
• SocialFi track: The main player TON has limited growth, resulting in poor overall performance in the track.

Next Week's Major Events in the Crypto Market

• December 11: Microsoft shareholders meeting to discuss Bitcoin investment proposal, Bank of Canada interest rate decision, US November CPI year-on-year.
• December 12: European Central Bank deposit facility rate, Third Taipei Blockchain Week, number of initial unemployment claims in the United States for the week.

Next Week Outlook

This week the market was positively influenced by Powell's remarks and Trump's nomination of a cryptocurrency-friendly chairman for the SEC, leading Bitcoin to briefly surpass $100,000 and driving optimistic sentiment in the crypto market.