Crypto Market Weekly | W49

Market Overview

main market trends

Market Sentiment and Trends: The market sentiment index has risen to 91%, entering the extreme greed zone. Although BTC briefly broke through 100,000 on Thursday before pulling back, the overall market resilience remains strong. ETH's strong performance has driven a comprehensive rise in the crypto market, demonstrating sustained confidence in mainstream cryptocurrencies.

Capital Flow Analysis: This week, the market capitalization of stablecoins has steadily increased, with USDT growing by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous inflow of new funds into the crypto market. On-chain data shows frequent large transfer activities, with clear signs of institutional capital entering the market. The over-the-counter premium remains within a reasonable range, reflecting a healthy state of market capital supply and demand.

DeFi Sector Performance: The total locked value (TVL) in the DeFi sector has significantly increased from 46.8 billion USD to 53.2 billion USD, with a growth rate of 13.67%. Liquidity staking projects have performed the best, mainly benefiting from the rise in underlying asset prices and increased staking yields. The activity of lending protocols has seen a significant increase, indicating a rise in leverage demand. DEX trading volume continues to rise, reflecting increased market activity.

Meme Coin Market: The performance of the Meme coin sector was relatively sluggish this week, with a weekly return rate of only 11.94%. The number of new project issuances has decreased, and investor interest has significantly waned. Funds are beginning to shift towards projects with real application scenarios and fundamentals. The discussion heat on social media has decreased, indicating a lower risk appetite among investors.

Hot Attention: Layer 1 projects have gained the highest social media attention, with PayFi track weekly returns reaching 40.04%. AI Agent projects are starting to receive a new round of market attention, particularly for projects on Solana, TON, and Base chains. High-yield staking products in DeFi projects continue to attract attention. The NFT market's trading activity has shown a rebound, but the overall valuation is still searching for a bottom.

Investment Advice: It is advisable for investors to maintain a cautiously optimistic attitude and focus on the following aspects: First, manage risks effectively by setting reasonable stop-loss levels to avoid excessive leverage; second, prioritize investments in liquid staking and the AI Agent track, seizing opportunities for capital rotation; third, pay attention to the impact of significant events, including next week's Microsoft Bitcoin investment proposal (12 December 11 ), US CPI data, and the European Central Bank interest rate decision; fourth, maintain sufficient liquidity to respond to potential market fluctuations and adopt a phased accumulation 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 that market sentiment is in an extreme greed phase. Altcoins have generally followed a similar upward trend as the overall market this week, with ETH performing strongly and driving a rally in Altcoins. Various public chain projects have boosted the projects within their ecosystems, and the market generally anticipates a rotation of funds in the near future, holding more confidence in the future trends of Altcoins.

The price of BTC briefly surpassed $100,000 on Thursday, although it has since declined, the market sentiment remains in a state of extreme greed. A certain degree of retracement is still expected, and investors need to heighten their risk awareness.

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( Overall Market Trend Overview

• The crypto market showed a volatile upward trend this week, with the sentiment index still in the greed phase.
• DeFi-related projects performed outstandingly, showing the market's continued focus on improving basic yields.
• The AI Agent project is gradually gaining attention in the crypto market, and there may be investment opportunities in the next half month.
• The meme sector has continued to perform poorly this week, failing to gain more attention from the crypto market.
• Various public chain projects have generally risen under the leadership of ETH.

) hot tracks

Tron ecosystem

This week, as the price of TRX tokens has surged significantly, Tron has gained high market popularity. With continuous capital inflow, Tron, as the main trading chain for USDT, has also seen a substantial increase in on-chain activities this week.

Tron's on-chain data

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

Based on the above data, the Tron chain continues to develop rapidly. The significant increase in TRX price has driven ecological development, and its position as the main trading chain for USDT has also attracted a large number of users to participate, promoting the overall ecological development.

AI Agent

The AI Agent track is divided into three sub-tracks: AI Agent Meme coins, AI Agent issuance platforms, and AI Agent underlying infrastructure. Currently, it is mainly developing on the Solana, TON, and Base chains.

Main Launch Platform:

• Solana: vvaifu.fun
• Base: Virtuals Protocol, AI Agent Layer
• TON: Clanker

In the past half month, the prices of VVAIFU, VIRTUAL, and CLANKER have rapidly risen, forming a certain market capitalization scale. However, they have not yet been listed on major exchanges and are still in the early stages.

This Wednesday, OpenAI began a 12-day product launch, sparking market speculation in the AI sector. It is expected that the AI sector may see a good increase in the next 10 days, and investors should pay short-term attention to related projects.

Traditional AI Projects in the Crypto Market

| Token | Project Name | Weekly Growth Rate | 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 ### TVL > 30 million USD ###, Data source: Defilama

| Project Name | Increase in the Last Seven Days | 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):( Recommendation Index: ⭐️⭐️⭐️⭐️)

• Project Introduction: A re-staking infrastructure layer on the Bitcoin ecosystem, built in deep collaboration with Binance to establish BounceBit Chain.
• Latest developments: This week, various token staking rates have been increased to attract a large number of users to participate in staking.

Astherus( Token Not Issued ): ( Recommendation Index: ⭐️⭐️⭐️)

• Project Introduction: A liquidity center for staked assets, supporting LST and LRT
• Latest developments: Collaborating with Movement Labs, receiving investment from Binance Labs, and hosting a points 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( has not issued coins):( recommendation index:⭐️⭐️)

• Project Introduction: Promote the use of encryption currency in merchant settlement systems.
• Latest developments: Achieved offline development progress, supporting ZEC consumption through Zashi-Flexa integration.

SaucerSwap(SAUCE):(Recommendation Index:⭐️⭐️⭐️)

• Project Introduction: Hedera Chain DEX
• Latest developments: HBAR's rise boosts ecosystem activity, token buybacks and events, accounting for most DEX trading volume in the Hedera ecosystem.

In summary, this week, projects with rapid TVL growth are mainly concentrated in the liquidity staking track (LRT).

(# Overall performance of the track

• The market capitalization of stablecoins is steadily increasing: USDT has grown by 1.74% to $141 billion, and USDC has increased by 2.03% to $40.2 billion, indicating a continuous inflow of funds.
• Liquidity gradually increases: The risk-free interest rate in traditional markets declines, and the arbitrage rate of on-chain DeFi projects increases due to the rise in asset value.

The TVL of DeFi projects rose from 46.8 billion USD to 53.2 billion USD, an increase of 13.67%, maintaining a continuous upward trend over the past two months, proving that funds are continuously flowing into DeFi projects.

) in-depth analysis

Driving Force of Increase:

Both BTC and ETH have maintained a strong growth trend this week, and investors are more optimistic about future price movements. The sustained strength of ETH prices has driven up the APY of various DeFi projects, with investors actively participating to increase their returns.

Growth Leader:

The performance of liquidity staking projects is outstanding. The price increase of underlying assets on various public chains enhances confidence in holding coins, while also incentivizing participation in other investment activities to improve returns. Liquidity staking projects enhance yield by releasing liquidity without changing the number of held assets. It is expected that the price increase 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 future.

Other track performance

public chain

The top 5 public chains by TVL growth in the past week ### do not include smaller public chains ###, data source: Defilama

| Project Name | Increase in the Last Seven Days | 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 skyrocketed benefiting from the altcoin ETF application, with the founder related to Trump. Focus on on-chain AI, payment, and IoT development. The largest project in the ecosystem, SaucerSwap, has seen rapid growth in TVL.

Zircuit: ZRC is listed on Coinone and supported by Crypto.com. Collaborating with Elara to expand use cases, it has received support from Kelp DAO to attract funding.

Filecoin: FIL surged by 44.36%, driving on-chain staking activities. GLIF and Parasail are the main LST and LRT projects.

EOS: Participating in BTC-L2, creating exSat Network. Emphasizing on-chain ecosystem construction, focusing on Gamefi, AI, Depin. EOS rose by 68.7%, driving on-chain activities.

Kaia: Launched Kaia Portal v1.3, introducing Avalon Labs mining pool. Initiated on-chain activities to attract users to participate in staking.

( Overview of the Rise Rate Rankings

The top 5 tokens with the highest price increase in the past week ) do not include tokens with very low trading volume and meme coins ###, data source: Coinmarketcap

| Token | Project Name | Weekly Change | 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 gainers list shows a concentration in sectors, with most of the rising tokens belonging to the public chain track. There is a general upward trend, performing better than BTC and ETH. DeFi projects within various public chain ecosystems remain hot, with the rise in underlying asset prices driving up APY, which in turn boosts TVL and trading volume. This reflects investors' optimistic sentiment towards the future market.

( overall overview of market themes

| Track | Weekly Return Rate | Monthly Return Rate | Quarterly Return Rate | |------|----------|----------|----------| | PayFi | 40.04% | 263.27% | 274.23% | | NFT | 35.62% | 88.01% |