Crypto Market Weekly Report

Market Overview

market main trend

The market sentiment index has risen to 91%, entering the extreme greed zone. Although BTC briefly broke through 100,000 USD before pulling back, the overall resilience of the market remains strong. ETH's strong performance has driven a widespread rally in the crypto market, demonstrating investors' sustained confidence in mainstream cryptocurrencies.

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 into the crypto market. On-chain data shows frequent large transfer activities, with clear signs of institutional funds entering the market. The over-the-counter premium remains within a reasonable range, indicating that the supply and demand for market funds is in a healthy state.

The total locked value in the DeFi sector ( TVL ) has significantly increased from $46.8 billion to $53.2 billion, with a growth rate of 13.67%. Liquidity staking projects have performed the most outstandingly, mainly benefiting from the rise in underlying asset prices and increased staking yields. The activity of lending protocols has significantly increased, indicating a rise in leverage demand. The trading volume on decentralized exchanges continues to rise, reflecting an increase in market activity.

The performance of the meme coin sector has been relatively sluggish this week, with a weekly return rate of only 11.94%. The number of new project launches has decreased, and investor interest has noticeably waned. Funds are beginning to shift towards projects with real application scenarios and fundamentals. The level of discussion on social media has declined, indicating a decrease in investor risk appetite.

Layer 1 projects have gained the highest attention on social media, with the PayFi sector's weekly return rate reaching 40.04%. AI Agent projects are beginning to attract a new round of market attention, especially those on 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 Tracks

Tron ecosystem

This week, the price of TRX tokens has risen significantly, driving up the excitement in the Tron ecosystem. As the main trading chain for USDT, activity on the Tron chain has notably increased:

• TVL increased from 7.97B to 9.32B, a growth of 16.93%, ranking first among major public chains.
• The number of active accounts reached 3.6725 million, a weekly increase of 18.06%.
• The weekly trading volume of USDT is 131.4 billion dollars, with a weekly increase of 16.23%.
• The TVL of the main DeFi projects Justlend and SUN increased by 55.34% and 39.49%, respectively.

The rise in TRX prices and Tron’s position as the main trading chain for USDT has attracted a large number of users to participate in on-chain activities, driving the rapid development of the entire ecosystem.

AI Agent

The AI Agent track has once again become a market focus, mainly concentrated on Solana, TON, and Base chains. It is subdivided into three directions:

1. AI Agent Meme Coins: such as GOAT, ACT, etc.
2. AI Agent issuance platforms: such as Virtuals Protocol, vvaifu.fun, etc.
3. AI Agent underlying infrastructure

Currently, AI Agent issuance platform projects are receiving more attention, mainly including:

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

The prices of VVAIFU, VIRTUAL, and CLANKER coins have recently surged significantly, forming a certain market capitalization. However, they have not yet been listed on top-tier exchanges and are still in the early stages.

OpenAI's recent actions have sparked speculation in the crypto market regarding the AI sector, and it is anticipated that investment opportunities related to AI projects may arise in the next 10 days.

DeFi track

Top 5 in TVL growth ###

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

The liquidity staking track projects have performed outstandingly, mainly benefiting from the rise in the underlying asset prices.

overall performance of the track

The total locked value in DeFi increased from $46.8 billion to $53.2 billion, a growth of 13.67%. Liquid staking, lending, and DEX sectors performed the best. With asset prices expected to rise, the yields of DeFi projects are anticipated to continue improving, attracting more funds into the market.

Performance of Public Chains

Top 5 by TVL growth:

1. Hedera:74.42%
2. Zircuit:70.79%
3. Filecoin:54.12%
4. EOS:47.66%
5. Kaia:41.28%

Mainly benefited from the increase in token prices and progress in ecological construction.

Social Media Hotspots

Layer 1 projects have gained the highest attention and are generally on an upward trend. DeFi projects within various public chain ecosystems continue to be hot, with both TVL and trading volume increasing. This reflects investors' optimistic sentiment towards the future market.

Overview of Market Themes

Based on weekly return rates, the PayFi track performed the best ( 40.04% ), while SocialFi performed the worst ( 19.71% ).

Next Week Major Events Preview

• December 11: Microsoft shareholders meeting to discuss Bitcoin investment proposal, Bank of Canada interest rate decision, US CPI data
• December 12: European Central Bank interest rate decision, Third Taipei Blockchain Week

Outlook for Next Week

The market is expected to be influenced by macro data and Microsoft's voting results, which may lead to a volatile trend. It is recommended that investors remain cautious and pay attention to liquidity staking, DEX, and other DeFi sectors, as well as AI Agent launch platform projects.