Market Overview

Main Market Trends

• Market sentiment index rises to 91%, indicating extreme greed.

• BTC briefly broke through $100,000 and then retraced, but the overall market resilience remains strong.

• The strong performance of ETH has driven the overall market up, showing sustained confidence in mainstream cryptocurrencies.

• The market value of stablecoins is steadily increasing, with USDT up 1.74% to $141 billion and USDC up 2.03% to $40.2 billion.

• Frequent large on-chain transfers indicate significant institutional capital entry.

• The OTC premium remains within a reasonable range, and the supply and demand situation for funds is healthy.

• The total value locked in DeFi increased from $46.8 billion to $53.2 billion, an increase of 13.67%.

• The performance of the liquidity staking project is outstanding, benefiting from the rise in the prices of underlying assets and increased yields.

• The activity of lending agreements has significantly increased, and leverage demand has risen.

• DEX trading volume continues to rise, market activity is increasing.

• The performance of the Meme coin sector is relatively sluggish, 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 practical applications and fundamentals.

• The enthusiasm for discussions on social media has declined, and investors' risk appetite has decreased.

• Layer 1 projects receive the highest social media attention, PayFi weekly return rate of 40.04%

• AI Agent projects have gained new attention, especially those on Solana, TON, and Base chains.

• DeFi high-yield staking products continue to attract attention

• The trading activity in the NFT market has rebounded, but the overall valuation is still looking for a bottom.

Investment Advice

• Maintain a cautiously optimistic attitude
• Set reasonable stop losses to avoid excessive leverage
• Focus on layout in liquidity staking and AI Agent track
• Pay attention to the impact of important events: Microsoft's Bitcoin investment proposal, U.S. CPI data, and the European Central Bank interest rate decision.
• Maintain sufficient liquidity to cope with volatility, build positions in batches 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.
• Altcoins this week have been mostly similar to the market, fluctuating upwards.
• ETH's strong performance drives a widespread rally in Altcoins.
• Various public chain projects are driving the rise of ecosystem projects, and it is expected that capital rotation will continue in the future.
• BTC briefly broke through $100,000 and then pulled back, and there is still a possibility of further pullbacks, so risk prevention needs to be heightened.

Overview of Overall Market Trends

• The cryptocurrency market has fluctuated upwards this week, with the sentiment index in the greed phase.
• DeFi related projects performed outstandingly, and the market continues to focus on enhancing underlying yields.
• The AI Agent project is gradually gaining attention, which may present short-term investment opportunities.
• The performance of the meme segment continues to be sluggish, receiving little attention.
• Various public chain projects have generally risen alongside ETH.

Hot Tracks

Tron Ecosystem

This week, the price of TRX has surged significantly, attracting great attention to the Tron ecosystem. As the main trading chain for USDT, activities on the Tron chain have increased substantially.

Data on the Tron chain:

• TVL increased from 7.97B to 9.32B, an increase of 16.93%, ranking first in growth among major public chains.
• Active accounts: 3.6725 million, weekly increase of 18.06%, maintaining rapid growth
• USDT weekly trading volume is $131.4 billion, with a weekly increase of 16.23%, and on-chain trading volume continues to expand.
• The TVL of the main DeFi projects Justlend and SUN increased by 55.34% and 39.49% respectively.

The Tron chain maintains rapid development, the TRX price rise and the position of USDT in the trading chain attract a large number of users to participate, promoting the development of the entire ecosystem.

AI Agent

The AI Agent track quickly became the market focus after the launch of GOAT in October, forming three sub-tracks: AI Agent Meme coins, issuance platforms, and underlying infrastructure.

Mainly develop on Solana, Ton, and Base chains. Investors are shifting their focus from individual projects to launch platforms. Major platforms:

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

VVAIFU, VIRTUAL, and CLANKER have recently seen a rapid increase in price, forming a certain market value. They are primarily listed and traded on second and third-tier exchanges.

OpenAI announced a 12-day live stream of new products, sparking market speculation on the AI sector. A good increase is expected in the AI sector over the next 10 days, and investors should pay attention to relevant projects.

Performance of traditional AI projects in the crypto market:

| Token | Project Name | Weekly Change | 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 ):

| 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 Introduction: Bitcoin Ecosystem Re-staking Base Layer, Deep Cooperation with Binance
• Latest development: Increase the staking interest rates of various tokens, with USDT 30-day annualized rate reaching 35.45%, attracting a large number of users to participate in staking.

Astherus( not issued coins ):( recommendation index:⭐️⭐️⭐️)

• Project Introduction: Staking Asset Liquidity Center, supports LST and LRT
• Latest developments: Collaborating with Movement Labs, receiving investment from Binance Labs, and hosting staking activities.

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

• Project Introduction: Decentralized Asset Management Platform
• Latest development: Product yield has significantly increased, with multiple token APYs reaching 20%-152%, attracting a large number of users to participate.

Flexa( not issued coin ): ( recommendation index: ⭐️⭐️)

• Project Introduction: Promote the application of cryptocurrency in merchant settlement systems
• Latest development: Offline payments have made progress, supporting APP payments in thousands of stores across the United States.

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

• Project Introduction: DEX based on Hedera chain
• Latest developments: HBAR rise drives on-chain activity, repurchase of SAUCE tokens, launch of liquidity mining activities

This week's projects with rapid TVL growth are mainly concentrated in the liquid staking track (LRT).

Overall Performance of the Track

• The market value of stablecoins is steadily increasing, with USDT up 1.74% and USDC up 2.03%, indicating continuous inflow of funds.
• Traditional risk-free arbitrage rates have decreased, while on-chain DeFi arbitrage rates have increased due to the rise in asset values.

TVL in Various DeFi Sectors:

• Total TVL increased from 46.8 billion USD to 53.2 billion USD, an increase of 13.67%
• Growth rate is higher than the previous weeks, maintaining a continuous upward trend for nearly two months.
• Proving that funds are continuously flowing into DeFi projects

In-depth Analysis

Upward driving force:

• The prices of BTC and ETH have risen sharply, and investors are more determined to hold.
• ETH strongly drives the increase of APY in DeFi projects, and investors actively participate to increase their returns.

Growth Leader:

• The liquidity staking track projects perform outstandingly.
• The price increase of public chain underlying assets enhances the confidence of holding coins, while also incentivizing participation in investment activities.
• Liquidity staking projects enhance yield without changing the quantity of held assets.
• The prices of various public chains are expected to rise along with ETH, driving the growth of liquid staking projects.

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

Performance in Other Tracks

Public Chain

The top 5 public chains by TVL growth over the past week:

| Project Name | 7-Day Increase | 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's surge drives ecosystem TVL increase, SaucerSwap performs outstandingly

Zircuit: New exchange for ZRC, collaborating with Elara to expand its use, supported by Kelp DAO.

Filecoin: FIL surged 44.36%, driving on-chain staking activities.

EOS: Participating in BTC-L2, focusing on on-chain ecological construction, EOS rose 68.7% driving on-chain activities.

Kaia: Launching a new version that supports lending, starting on-chain incentive activities.

Overview of the Rise List

Top 5 tokens with the highest increase in the market over the past week:

| 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 concentrated characteristic in the public blockchain sector, with overall gains better than BTC and ETH. Various public blockchain ecosystem DeFi projects remain hot, with both TVL and trading volume on the rise, reflecting investors' optimistic sentiment about the future market.

Social Media Hotspots

According to LunarCrush and Scopechat data, the most frequently mentioned topic this week (11.30-12.6) is L1s, and the listed tokens are as follows:

| Token | Market Cap ( Billion ) | FDV ( Billion ) | Circulation Rate | Weekly Change | |------|---------|---------|--------|----------| | TRX | 294.2059 | 294.2079 | 99.99% | 68.73% | | ALGO | 39.3137 | 39.3137 | 100.00% | 59.76% | | BNB | 1058.4132 | 1058.4132 | 100.00% | 10.95% | | CRO | 57.2832 | 63.3731 | 90.39% | 18.31% | | SUI | 122.5145 | 418.4726 | 29.27% | 18.37% | | FTM | 35.2433 | 39.9116 | 88.31% | 24.35% | | CHZ | 12.5752 | 12.5752 | 100.00% | 48.92% | | XRP | 1342.4676 | 2352.7736 | 57.05% | 58.83% | | XLM | 146.9372 | 243.9409 | 60.23% | 4.29% | | HBAR | 113.4343 | 148.4787 | 76.39% | 113.56% | | VANRY | 2.4824 | 2.4824 | 100.00% | 33.87% | | AVAX | 219.6975 | 235.8978 | 93.13% | 23.51% | | XTZ | 17.0523 | 17.3955 | 98.02% | 33.56% | | ATOM | 38.7822 | 38.8032 | 99.99% | 22.79% | | THETA | 30.0306 | 30.0306 | 100.00% | 51.21% | | ONDO | 25.1023 | 174.6471 | 14.37% | 61.93% |

This week, the most关注 on social media is Layer 1 projects, which have generally risen and performed better than BTC and