Crypto Market Weekly Report

Market Overview

market main trend

Market Sentiment and Trends: The market sentiment index has risen to 91%, indicating extreme greed. Although BTC briefly broke through $100,000 on Thursday before retracing, the overall market resilience remains strong. ETH has performed well, driving the entire crypto market upward, showing that the market continues to have a positive outlook on mainstream cryptocurrencies.

Capital Flow Analysis: This week, the market capitalization of stablecoins has steadily increased, with USDT rising by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous influx of new funds into the crypto market. On-chain data shows that large transfers are active, with clear signs of institutional funds entering the market. The over-the-counter premium is within a reasonable range, reflecting a healthy supply and demand for market funds.

DeFi Performance: The total locked value in DeFi surged from $46.8 billion to $53.2 billion, an increase of 13.67%. Liquidity staking projects performed the best, mainly benefiting from the rise in underlying asset prices and an increase in staking yields. The activity level of lending protocols significantly improved, reflecting an increase in leverage demand. DEX trading volume continued to rise, indicating an increase in market activity.

Meme Coin Market: The performance of the meme coin sector has been weak this week, with a weekly return rate of only 11.94%. The issuance of new projects has decreased, and investor interest has waned. Capital is beginning to shift towards projects with actual application scenarios and fundamentals. The level of discussion on social media has diminished, reflecting a decrease in investor risk appetite.

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

Market Sentiment Index Analysis

The market sentiment index has risen to 91%, a significant increase from last week's 83%, indicating that the market sentiment is in a state of extreme greed. Altcoins have generally followed a similar trend to the main market this week, showing a fluctuating upward trend. ETH has performed strongly, driving a widespread rise in Altcoins. The market generally expects a rotation of funds to occur next, leading to a relatively optimistic outlook for the future of Altcoins.

The price of BTC briefly broke through $100,000 on Thursday, and although it subsequently fell back, market sentiment remains in a state of extreme greed. A pullback is expected in the future, and investors need to increase their risk awareness.

Overview of the Overall Market Trend

• The crypto market has shown a fluctuating upward trend this week, with the sentiment index remaining in the greed zone.
• DeFi-related projects have performed outstandingly, indicating a sustained market demand for improved baseline yields.
• The AI Agent project is gradually gaining attention, and investment opportunities may arise in the next half month.
• The meme sector remains sluggish this week, without gaining more attention from the market.
• Various public chain projects have generally risen under the drive of ETH's increase.

Hot Tracks

Tron ecosystem

This week, the price of TRX has risen sharply, bringing high attention to Tron. As funds continue to flow in, Tron, as the main trading chain for USDT, has also seen a significant increase in on-chain activities.

Data on the Tron Chain:

• TVL: Increased from 7.97B last week to 9.32B, an increase 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 that on-chain trading volume is continuously increasing.
• DeFi project TVL growth: Justlend and SUN are growing rapidly, reaching 55.34% and 39.49% respectively.

Based on the above data, the Tron chain is currently maintaining rapid development. The rise in TRX prices and the trading position of USDT attract a large number of users to participate, promoting the development of the entire ecosystem.

AI Agent

The AI Agent track has been a hot topic since it entered the crypto market at the end of last year. After the launch of the first AI Agent token GOAT in October this year, AI Agent Meme quickly became the focus of the market. Subsequently, tokens such as ACT emerged to lead the market. Investor attention has shifted to AI Agent token launch platforms, with projects like Virtuals Protocol and vvaifu.fun gaining popularity and developing towards underlying infrastructure. This has formed three segmented tracks: AI Agent Meme coins, issuance platforms, and underlying infrastructure.

Currently, the AI Agent project is mainly developing on the Solana, Ton, and Base chains. Solana mainly features vvaifu.fun, Base mainly includes Virtuals Protocol and AI Agent Layer, and Ton primarily involves Clanker. In the past half month, the prices of VVAIFU, VIRTUAL, and CLANKER have significantly increased, forming a certain market capitalization scale.

From the perspective of the exchange listing situation, these projects have not yet been listed on major exchanges. However, considering that ACT, GOAT, and ANON have already been listed on major exchanges like Binance, the AI Agent launch platform project may also go live in the future. It is currently still in the early stages and is worth paying attention to.

This Wednesday, OpenAI began a new product showcase lasting 12 days, sparking market speculation in the AI sector. This may lead to significant gains in the AI sector over the next 10 days. Investors should pay attention to projects related to the AI sector, as investment opportunities may arise.

DeFi track

TVL Growth Ranking

The top 5 projects by TVL growth in the past week ( TVL exceeded 30 million USD ):

| Project Name | 7-Day Increase | TVL ( Million USD ) | |---------|---------|--------------| | 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): A re-staking underlying layer on the Bitcoin ecosystem. This week, various token staking rates have been increased to attract a large number of users to participate in staking.

Astherus: Staking Asset Liquidity Center. This week, in collaboration with Movement Labs, received investment from Binance Labs and held events to increase user participation.

Stake DAO(SDT): Decentralized asset management platform. This week's product yields have significantly increased, attracting user participation.

Flexa: Promoting the use of cryptocurrency in merchant settlement systems. Recent offline developments have made significant progress, and this week supports ZEC payments through the Zashi-Flexa integration.

SaucerSwap(SAUCE): The largest DEX on the Hedera chain. This week's HBAR increase has driven on-chain activity, attracting a large number of users to trade on SaucerSwap.

Overall performance of the track

• The market capitalization of stablecoins steadily increases: USDT grows by 1.74% to $141 billion, USDC grows by 2.03% to $40.2 billion, indicating continuous inflow of funds.

• Liquidity is gradually increasing: The arbitrage rates of on-chain DeFi projects have risen due to the appreciation of encryption asset values, attracting funds back to DeFi.

• Funding Situation: The TVL of DeFi projects increased from $46.8 billion to $53.2 billion, an increase of 13.67%, significantly higher than in previous weeks, maintaining a continuous rise for nearly two months.

In-depth Analysis

Driving Force of Increase: Both BTC and ETH have maintained strong growth this week, with investors becoming more determined to hold. The strong ETH price drives the APY of DeFi projects up, attracting investors to participate in order to increase yields.

Growth Leaders: The performance of liquid staking tracks is outstanding. The prices of public chain underlying assets are rising, encouraging users to participate in investment while holding their coins. Liquid staking projects enhance yields by releasing liquidity, growing alongside the price increases of public chains such as ETH.

Investment Advice: Recently, attention should be paid to the liquidity staking projects of various public chains.

Performance in Other Tracks

public chain

The top 5 public chain TVL increase in the crypto market over the past week:

| Project Name | Weekly Increase | TVL( million USD) | |---------|---------|--------------| | 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: The rise of HBAR drives an increase in on-chain activity, with projects like SaucerSwap experiencing rapid TVL growth.

Zircuit: ZRC listed on Coinone exchange, supported by Crypto.com, collaborating with Elara to expand usage, and backed by Kelp DAO.

Filecoin: The FIL token surged 44.36%, driving an increase in on-chain staking activities, with notable growth in TVL for LST and LRT projects such as GLIF and Parasail.

EOS: Participating in the creation of the exSat Network for BTC-L2, emphasizing on-chain ecological construction, the price of EOS surged, driving on-chain activities.

Kaia: Launched Portal v1.3 to support lending and initiated on-chain incentive activities to attract users to participate in staking.

Overview of the Rise List

The top 5 tokens by market gains in the past week ( excluding small-cap and meme coins ):

| Token | Project Name | Price Change (Last 7 Days) | Circulating Market Cap ( USD ) | 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 sector feature, with most of the rising tokens belonging to the public chain track.

HYPE: A decentralized perpetual contract exchange with a daily trading volume of 8.5 billion USD, leading other on-chain perpetual contract exchanges.

OL: A Web3 gaming platform, following the rise of Big Time, the Gamefi sector is beginning to attract market attention.

CVX: A yield optimization project based on Curve, influenced by the rise of CRV.

IOTA: Voting on the Rebase proposal has begun, which includes smart contracts, decentralization, and other content.

CRV: Some pools have an annualized yield exceeding 100%, attracting a large number of arbitrage users.

social media hotspot

This week ( from 11.30 to 12.60, the Layer 1 blockchain projects have the highest social media attention, showing a general upward trend, performing better than BTC and ETH. DeFi projects in various public chain ecosystems continue to be hot, with the rise in underlying asset prices driving the increase in DeFi project APY, which in turn boosts TVL and trading volume. This reflects investors' optimistic sentiment towards the market outlook.

) overall overview of market themes

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

• PayFi track: XRP, BCH and XLM account for a large proportion, rising by 58.83% and 21.36% respectively, driving the overall performance of the track.

• SocialFi track: TON accounts for 88.91%, with an increase of only 4.82%, resulting in the overall worst performance of the track, indicating insufficient market funding attention.

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Next Week's Major Crypto Events Preview

• December 11: Microsoft shareholders meeting to discuss Bitcoin investment proposal, Bank of Canada interest rate decision, US November CPI annual rate
• December 12: ECB interest rate decision, 3rd Taipei Blockchain Week, US initial jobless claims

Outlook for Next Week

Powell's statement and Trump's nomination of a crypto-friendly person as SEC chairman are seen as positive factors driving Bitcoin to break through $100,000. Next week's Microsoft voting results and US CPI data will affect the market's short-term trends. The crypto market is expected to be significantly influenced by macro data and the Microsoft vote, potentially showing a volatile trend. Investors should maintain a cautious attitude.

The DeFi sector, especially in liquidity staking protocols, yield farms, and DEX tracks, has performed well. The rise in the prices of underlying assets has driven up arbitrage rates, which is expected to continue attracting investors seeking high returns. DEXs, as the main on-chain activity method, have rapidly grown with the increase in asset prices and bullish market sentiment.

The AI Agent track is in the startup phase, mainly focusing on Solana, Ton, and Base chains. Currently, the main hype is around AI concept Meme coins and token launch platforms. Investors are advised to pay attention to token launch platform projects, especially