Crypto Assets Market Weekly Report

Market Overview

This week, the Crypto Assets market has shown an overall trend of fluctuating upward. The market sentiment index has risen to 91%, entering the extreme greed range. BTC briefly broke through $100,000 before retracing, but the overall market resilience remains strong. ETH has performed strongly, driving a widespread increase in the market.

The market capitalization of stablecoins continues to grow, with USDT increasing by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous influx of new funds. On-chain data shows that large transfers are active, and there are clear signs of institutional funds entering the market. The over-the-counter premium is within a reasonable range, reflecting a healthy supply and demand situation for funds.

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

The Meme coin sector performed relatively poorly this week, with a weekly return rate of only 11.94%. The number of new project launches has decreased, leading to reduced investor interest. Funds are beginning to shift towards projects with practical application scenarios and fundamentals. The heat of discussions on social media has declined, indicating a decrease in investors' risk appetite.

Layer 1 projects have gained the highest social media attention, with the PayFi sector achieving a weekly return rate of 40.04%. The AI Agent project has started to attract a new round of market attention, especially for projects on the Solana, TON, and Base chains. High-yield staking products in DeFi projects continue to receive attention. The NFT market has seen a rebound in trading activity, but overall valuations are still searching for a bottom.

Hot Track Analysis

Tron ecosystem

This week, the price of TRX coin has surged significantly, driving the popularity of the Tron ecosystem. As the main trading chain for USDT, activities on the Tron chain have increased substantially.

• TVL increased from 7.97B to 9.32B, an increase of 16.93%, ranking first among mainstream public chains.
• The number of active accounts reached 3.6725 million, an increase of 18.06% compared to last week.
• The weekly trading volume of USDT reached 131.4 billion USD, an increase of 16.23% compared to last week.
• The TVL growth rates of the major DeFi projects Justlend and SUN reached 55.34% and 39.49%, respectively.

AI Agent

The AI Agent track continues to heat up, mainly focusing on the Solana, TON, and Base chains. Currently, three sub-tracks have formed: AI Agent Meme coins, issuance platforms, and underlying infrastructure.

• The Solana chain uses vvaifu.fun as its main platform.
• The Base chain is primarily based on Virtuals Protocol and AI Agent Layer.
• The TON chain focuses on Clanker.

The prices of VVAIFU, VIRTUAL, and CLANKER coins have surged recently, but they have not yet listed on top exchanges and are still in the early stages.

OpenAI's recent product launch event is expected to bring a new round of attention to the AI sector.

DeFi track

The top five projects with the highest DeFi TVL growth this week are:

1. BounceBit:134.26%
2. Astherus:102.65%
3. StakeDAO:77.17%
4. Flexa: 74.51%
5. SaucerSwap:68.16%

The performance of the liquidity staking track is particularly outstanding, mainly due to the increase in the underlying asset prices driving the APY up.

Market Outlook

Important events next week include:

• December 11: Microsoft shareholders meeting to discuss Bitcoin investment proposal
• December 11: Release of the U.S. November CPI data
• December 12: European Central Bank interest rate decision

The market is expected to be influenced by macro data and the Microsoft voting results, which may lead to a fluctuating trend. Investors are advised to remain cautious and pay attention to the following aspects:

1. Manage risks well and set reasonable stop losses.
2. Focus on liquid staking and AI Agent track
3. Pay attention to the impact of important events
4. Maintain adequate liquidity and adopt a staggered position building strategy.

The DeFi and AI Agent sectors are worth continuous attention. However, a cautiously optimistic attitude should be maintained, and market volatility risks should be heeded.