Crypto Market Weekly Report

Market Overview

The market sentiment index has risen to 91%, entering the extreme greed zone. BTC briefly broke through $100,000 before pulling back, but the overall market resilience remains strong. ETH's strong performance has driven the entire crypto market up, demonstrating the market's continued confidence in mainstream coins.

The market capitalization of stablecoins is steadily increasing, with USDT rising by 1.74% to reach $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 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 of market funds are in a healthy state.

The total locked value in the DeFi sector has significantly increased from $46.8 billion to $53.2 billion, an increase of 13.67%. Liquidity staking projects performed the most outstandingly, mainly benefiting from the rise in underlying asset prices and the improvement in staking yields. The activity of lending protocols has significantly increased, indicating a rise in leverage demand. DEX trading volume has continued to rise, reflecting 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 significantly waned. Funds are beginning to shift towards projects with practical application scenarios and fundamentals. The discussion heat on social media has declined, indicating a lower risk appetite among investors.

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 beginning 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 has seen a resurgence in trading activity, but overall valuations are still searching for a bottom.

Hot Tracks

Tron ecosystem

This week, with the significant increase in TRX token prices, there has been a dramatic rise in activities on the Tron chain. Tron's TVL has risen from 7.97B last week to 9.32B, an increase of 16.93%. The number of active accounts reached 3.6725 million, growing by 18.06% compared to last week. The weekly trading volume of USDT reached 131.4 billion, up by 16.23% from last week. The TVL growth rates of Justlend and SUN reached 55.34% and 39.49%, respectively.

AI Agent

The AI Agent track continues to attract market attention, mainly focused on the Solana, TON, and Base chains. The prices of VVAIFU, VIRTUAL, and CLANKER have risen rapidly, forming a certain market value scale. OpenAI's new product release plan has sparked market speculation about the AI track. Traditional AI projects such as TAO, FET, and RENDER have performed well this week.

DeFi track

The top five projects ranked by TVL growth are BounceBit, Astherus, StakeDAO, Flexa, and SaucerSwap. The liquid staking track performed outstandingly, benefiting from the rise in underlying asset prices. The activity of lending and DEX projects has increased, indicating a rise in market trading demand.

Performance of Public Chains

The top five public chains with the highest increase in TVL are Hedera, Zircuit, Filecoin, EOS, and Kaia. Hedera benefits from the altcoin ETF applications and ecosystem development. Zircuit receives support from exchanges and expands the use of its tokens. Filecoin has entered a mode of catching up. EOS participates in BTC-L2 and emphasizes ecosystem development. Kaia launches a new version and initiates on-chain incentive activities.

Social Media Hotspots

Layer 1 blockchain projects have received the highest attention and generally show an upward trend. DeFi projects within various public chain ecosystems continue to be hot, with both TVL and trading volume on the rise.

Overall Overview of Market Themes

According to the weekly return statistics, the PayFi sector performed the best, while the SocialFi sector performed the worst. PayFi was driven by the strong performance of XRP and BCH, while SocialFi was mainly affected by the limited increase of TON.

Outlook for Next Week

Microsoft's Bitcoin investment proposal and the US CPI data will affect short-term market trends. The liquid staking, liquidity pools, and DEX projects in the DeFi sector are expected to continue to perform well. The AI Agent track is still in its early stages, and projects related to token launch platforms are worth paying attention to. The overall market is expected to show a volatile trend, and investors should maintain a cautious attitude.