Crypto Market Weekly Report

Market Overview

The market sentiment index has risen to 91%, entering the extreme greed zone. Although BTC experienced a slight pullback after briefly breaking through 100,000 dollars on Thursday, the overall market resilience remains strong. ETH's strong performance has driven the entire crypto market up, showing that the market continues to have a positive outlook on mainstream cryptocurrencies.

The market capitalization of stablecoins is steadily growing, with USDT increasing by 1.74% to $141 billion and USDC rising by 2.03% to $40.2 billion, indicating a continuous influx of new funds into the crypto market. On-chain data shows frequent large transfer activities, indicating clear signs of institutional fund entry. The OTC premium remains within a reasonable range, showing a healthy supply and demand situation in the market.

The total locked value in the DeFi sector ( TVL ) has significantly increased from $46.8 billion to $53.2 billion, marking a growth of 13.67%. Liquidity staking projects have performed the best, mainly benefiting from the rise in underlying asset prices and increased staking yields. The activity level of lending protocols has significantly risen, reflecting an increase 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 number of new project launches has decreased, and investor interest has clearly 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 investors' risk appetite.

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

Hot Tracks

Tron ecosystem

This week, as the price of TRX tokens surged, the popularity of the Tron ecosystem has risen. As the main trading chain for USDT, activities on the Tron chain have also seen significant growth.

The TVL of Tron increased from 7.97B last week to 9.32B, a growth of 16.93%, ranking first among major public chains. The number of active accounts reached 3.6725 million, an increase of 18.06% compared to last week. The weekly trading volume of USDT reached 131.4 billion, an increase of 16.23% compared to last week.

The TVL in the Tron ecosystem is mainly composed of Justlend and SUN, with growth rates of 55.34% and 39.49% respectively this week. Funds continue to flow into DeFi projects on the Tron chain.

AI Agent

The AI Agent track mainly focuses on the Solana, TON, and Base chains, forming three sub-tracks: AI Agent Meme coins, AI Agent issuance platforms, and AI Agent underlying infrastructure.

Main projects include: vvaifu.fun on the Solana chain, Virtuals Protocol and AI Agent Layer on the Base chain, and Clanker on the TON chain. VVAIFU, VIRTUAL, and CLANKER have seen significant price increases recently.

OpenAI recently announced a 12-day product launch event, attracting market attention to the AI sector. The AI sector may see a good increase in the next 10 days, and investors should pay more attention to related projects.

DeFi track

The top 5 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%

This week, projects with rapid TVL growth are mainly concentrated in the liquid staking track (LRT). With the rise in the prices of public chain assets like ETH, the yields of liquid staking projects have increased, attracting capital inflow.

Performance in Other Tracks

public chain

The top 5 public chains by TVL growth this week:

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

Hedera benefits from potential ETF positive news, with ecological TVL growing rapidly. Zircuit receives support from multiple parties to expand token usage. Filecoin initiates a rebound, with increased on-chain staking activity. EOS participates in BTC-L2, emphasizing on-chain ecological construction. Kaia launches a new version and initiates on-chain incentive activities.

Overview of the Rise List

Top 5 tokens with the highest increase this week:

1. HYPE (Hyperliquid):324.49%
2. OL (Open loot):304.84%
3. CVX (Convex Finance):127.01%
4. IOTA:125.08%
5. CRV (Curve):124.95%

The rise list shows characteristics of concentrated sectors, with the majority of the rising tokens belonging to the public chain track. Decentralized perpetual contract exchanges and GameFi platforms are gaining attention, and DeFi projects like CRV are also performing strongly.

Social Media Hotspots

This week, the most关注度 on social media is the Layer 1 blockchain projects, which generally show an upward trend, performing better than BTC and ETH. DeFi projects in various public chain ecosystems remain hot, with both TVL and trading volume increasing.

Market Theme Overview

According to weekly return rate statistics, the PayFi sector performed the best at 40.04%, while the SocialFi sector performed the worst at 19.71%.

In the PayFi sector, XRP and BCH performed strongly. In the SocialFi sector, the main player TON had limited gains and did not attract investor attention.

Outlook for Next Week

Next week, Microsoft's review of the Bitcoin investment proposal and the release of the US CPI data will affect market trends. The crypto market is expected to show volatility, and investors should remain cautious.

Liquidity staking protocols, liquidity pools, and DEX tracks in the DeFi space may continue to perform well. AI Agent track projects are worth paying attention to, especially token launch platform projects.