Crypto Market Weekly Report

Market Overview

This week, the crypto market has shown a trend of fluctuating upward, with the market sentiment index rising to 91%, entering the extreme greed zone. Although BTC briefly broke through $100,000 on Thursday before retracing, the overall resilience of the market remains strong. The strong performance of ETH has driven the entire market up, demonstrating investors' continued 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. On-chain data shows that large transfers are active, and there are clear signs of institutional entry. The OTC premium remains within a reasonable range, reflecting a healthy state of supply and demand for funds.

The total locked value in the DeFi sector is ( TVL, which has increased significantly by 13.67% to 53.2 billion USD. Liquidity staking projects have performed the most prominently, mainly benefiting from the rise in underlying asset prices and improvements in staking yields. The activity of lending protocols has notably increased, reflecting a rise in leverage demand. DEX trading volume continues to rise, indicating an increase in market activity.

The meme coin sector performed relatively sluggishly this week, with a weekly return rate of only 11.94%. The issuance of new projects has decreased, investor interest has waned, and funds are beginning to shift towards projects with practical application scenarios. The discussion heat on social media has declined, indicating a decrease in risk appetite.

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

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Hot Track Analysis

) Tron ecosystem

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

• TVL increased from 7.97B to 9.32B, an increase of 16.93%
• The number of active accounts reached 3.6725 million, a week-on-week increase of 18.06%.
• The weekly trading volume of USDT reached 131.4 billion USD, an increase of 16.23%.
• The TVL growth rates of the main DeFi projects Justlend and SUN reached 55.34% and 39.49%, respectively.

These data indicate that as the price of TRX rises, a significant amount of funds is flowing into the Tron ecosystem, driving the development of the entire ecosystem.

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) AI Agent

The AI Agent track has recently been under continuous attention, mainly divided into three sub-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, the focus is mainly on the development of the Solana, TON, and Base chains. Among them, the issuance platform projects VVAIFU, VIRTUAL, and CLANKER have performed prominently and have formed a certain market capitalization scale.

This week, OpenAI announced a new 12-day product showcase event, expected to bring a new wave of hype to the AI sector. Investors may want to pay attention to related projects such as the AI Agent issuance platform, as investment opportunities may arise.

DeFi track

The top five DeFi projects by TVL increase this week:

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

The performance of liquid staking projects has been outstanding, mainly benefiting from the rise in the prices of underlying assets. With the price increases of mainstream public chain assets like ETH, liquid staking projects are expected to continue to benefit. Investors should pay special attention to the liquid staking projects of various public chains.

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Market Outlook

Important events next week:

• December 11: Microsoft shareholders will review the Bitcoin investment proposal
• December 12: US November CPI data released
• December 14: European Central Bank interest rate decision

These events may have a significant impact on the short-term market trends. It is expected that the market will show volatility next week, and investors should maintain a cautious attitude.

Liquid staking, liquidity pools, and DEX projects in the DeFi space are expected to continue performing well. The AI Agent sector is still in its early stages, and investors may pay attention to token launch platform projects. Overall, it is recommended that investors manage risks, focus on the impact of important events, and adopt a staggered entry strategy.