CoinW Research Institute Weekly Report (December 30, 2024 — January 5, 2025)
Key Points
● The total market value of global cryptocurrencies is $3.65 trillion, up 6.7% from last week’s $3.42 trillion. As of January 06, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $38.9 billion, with a net inflow of $240 million this week. while the US Ethereum Spot ETF has had a net inflow of $2.64 billion, with a net inflow of $80 million this week.
● At the same time, the market value of stablecoins is $212 billion, representing 5.82% of the total market value of cryptocurrencies, with a 0.47% increase in the past week. Among them, the market value of USDT was $137.2 billion, accounting for 64.7% of the total market value of stablecoins; followed by USDC with a market value of $45.6 billion, accounting for 21.5% of the total market value of stablecoins; and the market value of DAI was $5.4 billion, accounting for 2.5% of the total market value of stablecoins.
● The total TVL of DeFi this week is $128.6 billion, an increase of 5.8% compared to last week. Breaking down by public chains, the top three public chains in terms of Total Value Locked (TVL) are Ethereum with a 55.03% share; Solana with an 7.34% share; and Tron with a 5.92% share. The overall proportion is relatively stable, and the Ethereum chain remains the leader in the DeFi field.
● Judging from the on-chain data, among the Layer 1 public chains this week, the daily trading volumes have generally shown an upward trend except for BNB and SUI. Among them, BNB witnessed the most significant decline compared to last week, with a decrease of 47.6%. In terms of transaction fees, the transaction fees of ETH saw the largest increase, rising by 71% compared to last week. From the daily active addresses, the overall trend is more active, with SUI showing the most significant increase, rising by 22%. The total TVL of Ethereum Layer 2 reached $50.68 billion, an overall increase of 7.9% this week compared to last week. Arbitrum and Base occupy the front row with market shares of 38.13% and 26.2% respectively.
● Innovation Project Highlights: Beacon Protocol: Beacon opens up new private data sources to artificial intelligence while ensuring privacy, redistributing incentives and building a sustainable data economy. 0LiqLend: 0LiqLend is a peer-to-peer yield market that provides borrowers with the best yield strategies. Ape Pro：Ape Pro is the Memecoin terminal for Solana, supported by Jupiter Exchange, with a trading fee of only 0.5%.
Content
1. Total Market Value of Cryptocurrencies / Proportion of Bitcoin’s Market Value
4. ETH/BTC and ETH/USD exchange rates
5. Decentralized Finance (DeFi)
7. Market Value and Additional Issuance of Stablecoins
II Trend of Hot Money This Week
1. The top five VC coins and Meme coins with the largest increases in price this week
III New Trends in the Industry
1. Major Events in the Industry This Week
2. Major Events to Take Place Next Week
3. Important Investment and Financing Activities Last Week
I. Market Overview
1. Total Market Value of Cryptocurrencies / Proportion of Bitcoin’s Market Value
The total market value of global cryptocurrencies is $3.65 trillion, up 6.7% from last week’s $3.42 trillion.
As of press time, the market value of Bitcoin (BTC) is $1.94 trillion, accounting for 53.22% of the total cryptocurrency market value. At the same time, the market value of stablecoins is $212 billion, representing 5.82% of the total market value of cryptocurrencies.
2. Fear & Greed Index
The Crypto Fear & Greed Index is 76, indicating greed.
3. EFT inflows/outflows data
As of January 06, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $38.9 billion, with a net inflow of $240 million this week. while the US Ethereum Spot ETF has had a net inflow of $2.64 billion, with a net inflow of $38 million this week.
4. ETH/BTC and ETH/USD exchange rates
ETHUSD: Currently at $3,627, with an all-time high of $4,878, a decline of approximately 25.64% from the highest price
ETHBTC: Currently at 0.036935, with an all-time high of 0.1238
5. Decentralized Finance (DeFi)
According to DeFiLlama data, the Total Value Locked (TVL) in DeFi this week is $128.6 billion, up 5.8% from last week.
Breaking down by public chains, the top three public chains in terms of Total Value Locked (TVL) are Ethereum with a 55.03% share; Solana with an 7.34% share; and Tron with a 5.92% share. The overall proportion is relatively stable, and the Ethereum chain remains the leader in the DeFi field.
6. On-chain data
Layer 1 Related Data
Mainly analyzes the current main Layer1 including ETH, SOL, BNB, TON, SUI, and APT related data from daily transaction volume, daily active addresses, and transaction fees.
● Daily Trading Volume and Transaction Fees: Daily trading volume and transaction fees are core indicators for measuring the activity level of public chains and user experience. In terms of daily trading volume, there was an overall upward trend this week except for BNB and SUI. Among them, BNB witnessed the most significant decline compared to last week, with a decline rate of 47.6%. In terms of transaction fees, the transaction fees of ETH saw the largest increase, rising by 71% compared to last week.
● Daily active addresses and TVL: Daily active addresses reflect the participation in the public chain ecosystem and user stickiness, TVL reflects the trust of users in the platform. From the daily active addresses, the overall trend is more active, with SUI showing the most significant increase, rising by 22%. From TVL, ETH is still the leader among public chains.
Layer 2 Related Data
- According to L2Beat data, the total TVL of Ethereum Layer 2 reached $50.68 billion, an overall increase of 7.9% this week compared to last week.
- Arbitrum and Base occupy the front row with market shares of 38.13% and 26.2%respectively.
7. Market Value and Additional Issuance of Stablecoins
According to Coinglass data, the total market value of stablecoins is currently reported at $212 billion, continuing to set a new historical high, with a 0.47% increase over the past week. Among them, the market value of USDT was $137.2 billion, accounting for 64.7% of the total market value of stablecoins; followed by USDC with a market value of $45.6 billion, accounting for 21.5% of the total market value of stablecoins; and the market value of DAI was $5.4 billion, accounting for 2.5% of the total market value of stablecoins.
According to Whale Alert data, this week, the USDC Treasury issued a total of 1.85 billion USDC, a 70% increase in the total stablecoin issuance compared to last week.
II. Trend of Hot Money This Week
1. The top five VC coins and Meme coins with the largest increases in price this week
The top five VC coins with the largest price increases in the past week
The top five Meme coins with the largest price increases in the past week
2. Insights into New Projects
● Beacon Protocol: Beacon opens up new private data sources to artificial intelligence, while ensuring privacy, redistributing incentives and building a sustainable data economy. By introducing on-chain orchestration control to off-chain private data, the Beacon Protocol will usher in a new era in which artificial intelligence can use private data securely and fairly.
● 0LiqLend: 0LiqLend is a peer-to-peer yield market that offers borrowers the best yield strategies.
● Ape Pro: Ape Pro is a Memecoin terminal on Solana, powered by Jupiter Exchange, with a trading fee of just 0.5%.
III. New Trends in the Industry
1. Major Events in the Industry This Week
● Nimble released its Q1 roadmap and will focus on Agent development and token listing. The composable AI protocol NimbleNetwork released its Q1 2025 roadmap, which includes: Agent Launchpad, focusing on Agents growth, and token listing.
● DWF Labs released a report stating that Memecoin has grown from $20 billion to $120 billion in 2024, indicating that this is not a short-lived phenomenon but the emergence of a new asset class. This growth reflects the market’s recognition of social capital as a legitimate source of value in the digital age.
● The blockchain game publisher Xterio announced its token economic model. The total supply of the token XTER is 1 billion, with an initial circulating supply of 112.5 million. The TGE will be held on January 8. Among them, 28% is allocated to the community, and 20 million tokens will be fully unlocked at TGE; 26% is allocated to the ecosystem, and 20 million tokens will be fully unlocked at TGE; 15% is allocated to investors; 12% is allocated to the team; 9% of the tokens are allocated for marketing, and 15 million tokens will be fully unlocked at TGE; 4.25% of the tokens belong to the treasury, and 5.75% of the tokens are used for providing liquidity and staking at TEG. The initial circulating supply of XTER is 112.5 million.
● The 3A blockchain game Seraph Foundation officially launched TGE on January 6, 2025, and simultaneously launched the S1 Genesis Season. As a blockchain game that integrates blockchain and AI technologies, Seraph aims to lead Web3 games into a new era. In addition, the official said that the detailed information of the Seraph token economic model will be announced in a subsequent notice.
● BounceBit announced the launch of the RWA trading function supporting tokenized securities on the BounceClub Quanto platform. The first batch of assets to be listed includes MSTR (MicroStrategy), COIN (Coinbase), and BB (BlackBerry). Users can use BB tokens as collateral for trading with a maximum leverage of 200 times.
2. Major Events to Take Place Next Week
● The Base LP incentive program on Synthetix will continue until January 7, targeting liquidity providers (LP) on the Base chain. The rewards include 80,000 SNX and 100,000 USDC.
● The Wavedrop 2 activity of the restaking protocol Swell Network has ended, and the claim will be open until January 10.
● The game infrastructure and AI game studio Xterio officially announced that its Token Generation Event is scheduled to be officially launched on January 8, 2025. The official said that this will open a new era integrating AI, games, and the community.
● The tokens SONIC of @SonicSVM, WANDER of the blockchain game @WanderCorpo, XTER of @XterioGames, and VIBE of @VibrantXFinance will start TGE this week.
● The @unichain mainnet plans to enable the permissionless fault proof function on January 6, and the mainnet will be launched in the first quarter.
3. Important Investment and Financing Activities Last Week
● AlloyX, Series A, raised $10 million. The investment institutions include Solomon Fund, Arbitrum, Offchain Labs, etc. AlloyX is a DeFi protocol that aggregates tokenized credit, bringing liquidity, composability, and efficiency to real-world assets (RWA). AlloyX enables protocols, decentralized autonomous organizations (DAO), and institutional investors to easily and conveniently formulate diversified investment strategies in RWA. （December 30, 2024）
● Fold, Debt Financing, raised $20 million. The investment institutions include ATW Partners, etc. Fold is a payment application that allows users to earn Bitcoin. Users can use the Fold Visa debit card and purchase gift cards from the Fold Store to earn Bitcoin in daily shopping. （January 02, 2025）
