Market Overview

Major Market Trends

Market Sentiment and Trends: The market sentiment index has reached 91%, indicating an extreme greed state. Although BTC briefly broke through $100,000 and then retraced, its overall resilience is strong. ETH is performing robustly, driving a widespread increase in the cryptocurrency market, reflecting continued optimism for mainstream coins.

Capital Flow Analysis: The market capitalization of stablecoins is steadily increasing, 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. Large on-chain transfers are frequent, showing clear signs of institutional entry. The premium in the OTC market is within a reasonable range, reflecting a healthy supply and demand for funds.

DeFi Performance: The total locked value in DeFi (TVL) increased from 46.8 billion USD to 53.2 billion USD, a growth of 13.67%. Liquidity staking projects performed outstandingly, the activity of lending protocols increased, and DEX trading volume continued to rise, reflecting an increase in market activity.

Meme Coin Market: This week performed relatively sluggishly, with a weekly return rate of only 11.94%. The issuance of new projects has decreased, investor interest has declined, and funds are shifting towards projects with practical applications. The discussion heat on social media has diminished, indicating a decline in risk appetite.

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

Investment Advice:

1. Maintain cautious optimism, manage risks well, and set reasonable stop-losses.
2. Focus on the layout of liquid staking and AI Agent sectors, seizing the opportunities of capital rotation.
3. Pay attention to the impact of important events, such as Microsoft's Bitcoin investment proposal, U.S. CPI data, and the European Central Bank interest rate decision.
4. Maintain sufficient liquidity to cope with market fluctuations, and adopt a staggered position-building 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 an extreme greed phase. Altcoins have generally oscillated upwards in sync with the overall market this week. ETH's strong performance has driven a broad rise in Altcoins. The market expects a subsequent rotation of capital, increasing confidence in the future trend of Altcoins. Although BTC briefly broke above 100,000 before retreating, market sentiment remains extremely greedy, and investors need to pay attention to risk prevention.

Overview of Overall Market Trends

• The cryptocurrency market has fluctuated upward this week, with the sentiment index remaining in a state of greed.
• DeFi projects have performed outstandingly, reflecting the market's ongoing focus on enhancing basic yields.
• The AI Agent project is gradually gaining attention, and there may be investment opportunities in the next half month.
• The meme sector continues to perform poorly this week, receiving little attention from the market.
• Various public chain projects have generally risen under the drive of ETH.

Hot Tracks

Tron ecosystem

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

Data on the Tron Blockchain:

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

Data on the Tron chain shows strong development momentum, with TRX price increases and USDT trading chain status boosting ecological prosperity.

AI Agent

The AI Agent track is subdivided into three directions: AI Agent Meme coins, issuance platforms, and underlying infrastructure. It mainly develops on the Solana, Ton, and Base chains.

The issuance of AI Agent Meme tokens is large, and investors are turning to launch platforms. The main platforms include:

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

Recently, the prices of VVAIFU, VIRTUAL, and CLANKER have surged rapidly, forming a certain market capitalization. They have not yet been listed on top-tier exchanges and are still in the early stages.

OpenAI recently held a 12-day live stream showcasing new products, attracting market attention to the AI sector. If there are no significant fluctuations in the market, the AI sector may experience an upswing in the next 10 days. Investors should pay attention to AI sector projects and seize investment opportunities.

Performance of Traditional AI Projects in the 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 in terms of TVL growth in the past week ( TVL > 30 million USD ):

| Project Name | 7-Day 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):

• Introduction: Bitcoin ecosystem re-staking basic layer, in deep collaboration with Binance
• Latest Update: Increased staking rates for various tokens to attract a large number of users to participate in staking.

Astherus( has not issued tokens):

• Introduction: Staking Asset Liquidity Center, supporting LST and LRT
• Latest update: Partnered with Movement Labs, received investment from Binance Labs, and held a staking event.

Stake DAO(SDT):

• Introduction: Decentralized Asset Management Platform
• Latest Update: Product yield has significantly increased, attracting user participation.

Flexa( Unissued Coins ):

• Introduction: A payment network that promotes the application of cryptocurrency in merchant systems.
• Latest Progress: Achieved offline development progress, supporting ZEC for daily consumption

SaucerSwap(SAUCE):

• Introduction: DEX on Hedera Chain
• Latest developments: HBAR rises driving on-chain activity, launching buyback and reward programs.

In summary, 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: USDT rises by 1.74% to $141 billion, USDC rises by 2.03% to $40.2 billion, reflecting a continued inflow of funds.
• Liquidity gradually increases: Traditional risk-free arbitrage rates decline, while on-chain DeFi project arbitrage rates rise due to asset value appreciation.

The TVL of DeFi projects increased from $46.8 billion to $53.2 billion, an increase of 13.67%, maintaining a continuous upward trend for nearly two months.

In-depth Analysis

Driving Force of Increase: BTC and ETH prices continue to rise, and investors are optimistic about the future market. ETH's strength drives the APY of DeFi projects up, attracting investor participation.

Growth Leader: The liquid staking sector has performed outstandingly. The rise in public chain asset prices incentivizes users to participate in investment activities to increase returns. Liquid staking projects enhance yield by releasing liquidity and are expected to continue playing an important role in the future.

Investors are advised to pay attention to the liquidity staking projects of various public chains.

Other track performance

public chain

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

| Project Name | Weekly 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 has seen significant gains, benefiting from ETF applications and the background of its founders. The rapid growth of SaucerSwap's TVL has driven an overall increase in TVL.

Zircuit: ZRC is listed on the Korean exchange, supported by Crypto.com. Partnering with Elara to expand its use, supported by Kelp DAO.

Filecoin: FIL rebounds, driving on-chain staking activities. GLIF and Parasail's TVL growth rates are 36.75% and 40.78%, respectively.

EOS: Participate in BTC-L2, create exSat Network. Focus on on-chain ecological construction, with an emphasis on developing Gamefi, AI, and Depin projects.

Kaia: Launched Portal v1.3, starting on-chain staking activities, promising high APY to attract user participation.

Overview of the Rise Ranking ###

The top 5 tokens with the highest increase in the market over the past week ( excluding small coins and meme coins ):

| Token | Project Name | Price Change (Last 7 Days) | 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 of the public chain track, with a general rise and performance better than BTC and ETH. DeFi projects in the public chain ecosystem continue to thrive, with both TVL and trading volume on the rise. This reflects investors' optimistic sentiment towards the market outlook.

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% | 159.18% | | Depin | 27.38% | 121.28% | 108.06% | | Gamefi | 26.72% | 138.15% | 149.33% | | Defi | 26.09% | 108.88% | 136.44% | | RWA | 24.71% | 132.19% | 145.52% | | Layer2 | 17.73% | 106.63% | 103.36% | | AI | 14.61% | 80.02% | 116.38% | | Meme | 11.94% | 120.29% | 243.95% | | Cefi | 11.33% | 35.58% | 57.77% | | Layer1 | 9.93% | 60.88% | 82.53% | | SocialFi | 9.71% | 52.63% | 55.32% |

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

• PayFi track: XRP, BCH, and XLM have a large share, rising by 58.83% and 21.36% respectively, driving overall performance.
• SocialFi sector: TON accounts for 88.91%, with an increase of only 4.82%, leading to overall poor performance, reflecting insufficient attention from funds.

Next week's Crypto major event preview

• December 11: Microsoft shareholders meeting to review Bitcoin investment proposal, Bank of Canada interest rate decision, U.S. November CPI annual rate
• December 12: European Central Bank deposit facility rate, third Taipei Blockchain Week, number of initial jobless claims in the United States for the week

Next Week Outlook

This week, Bitcoin fell back after breaking $100,000, but market sentiment remains optimistic. Next week, the Microsoft shareholders' meeting Bitcoin investment proposal and the U.S. CPI data will affect short-term trends. The market is expected to be influenced by