CoinW Research Institute Weekly Report (January 06, 2025 — January 12, 2024)
Key Points
● The total market value of global cryptocurrencies is $3.5 trillion, down 4% from last week’s $3.65 trillion. As of January 13, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $36.2 billion, with a net inflow of $300 million this week. while the US Ethereum Spot ETF has had a net inflow of $2.45 billion, with a net inflow of $180 million this week.
● At the same time, the market value of stablecoins is $213 billion, representing 6% of the total market value of cryptocurrencies. Among them, the market value of USDT was $137.4 billion, accounting for 64.7% of the total market value of stablecoins; followed by USDC with a market value of $45.7 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 Value Locked (TVL) inDeFi this week is $118.7billion, down 7.7% from last week. Breaking down by public chains, the top three public chains in terms of Total Value Locked (TVL) are Ethereum with a 55.75% share; Solana with an 7.29% share; and Tron with a 5.81% share.
● From on-chain data, this week’s daily trading volume on Layer 1 public chains shows a downward trend for all chains except APT. Among them, SUI’s trading volume has declined the most significantly, with a drop of 54% compared to last week. In terms of transaction fees, ETH has seen a decrease of 75.7% compared to last week. the total TVL of Ethereum Layer 2 reached $50.68 billion, an overall increase of 11.8% this week compared to last week. Arbitrum and Base occupy the front row with market shares of 38.77% and 24.58% respectively.
● Innovative Projects Highlights: Cleopetra simplifies LP operations on DEX. Through position monitoring, it reduces impermanent loss, helping users maximize their benefits; Neur provides open — source AI models for trading, NFT management, and portfolio tracking. It claims to be an assistant for Solana; Roastmaster9000, the first AI Roast virtual comedian, has attracted the attention of figures like Elon Musk and Anatoly Yakovenko with its interesting roasting style.
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 $3.5 trillion, down 4% from last week’s $3.65 trillion.
As of press time, the market value of Bitcoin (BTC) is $1.9 trillion, accounting for 54.2% of the total cryptocurrency market value. At the same time, the market value of stablecoins is $213 billion, representing 6% of the total market value of cryptocurrencies.
2. Fear & Greed Index
The Crypto Fear & Greed Index is 61, indicating greed.
3. EFT inflows/outflows data
As of January 13, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $36.2 billion, with a net inflow of $300 million this week. while the US Ethereum Spot ETF has had a net inflow of $2.45 billion, with a net inflow of $180 million this week.
4. ETH/BTC and ETH/USD exchange rates
ETHUSD: Currently at $3,305, with an all-time high of $4,878, a decline of approximately 32.2% from the highest price
ETHBTC: Currently at 0.034747, with an all-time high of 0.1238
5. Decentralized Finance (DeFi)
According to DeFiLlama data, the Total Value Locked (TVL) inDeFi this week is $118.7 billion, down 7.7% from last week.
Breaking down by public chains, the top three public chains in terms of Total Value Locked (TVL) are Ethereum with a 55.75% share; Solana with an 7.29% share; and Tron with a 5.81% 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 the daily trading volume, the trading volumes of public chains except for the APT chain showed a downward trend this week. Among them, the trading volume of SUI dropped most significantly, with a decrease of 54% compared to last week. In terms of transaction fees, the transaction fees of ETH declined the most, dropping by 75.7% compared with 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. In terms of daily active addresses, the overall activity trend has declined, except for BNB. Regarding the Total Value Locked (TVL), the downward trend is remarkable. The leading public chain, ETH, has seen a 7.5% decrease compared to last week.
Layer 2 Related Data
● According to L2Beat data, the total TVL of Ethereum Layer 2 reached $50.68 billion, an overall increase of 11.8% this week compared to last week.
● Arbitrum and Base occupy the front row with market shares of 38.77% and 24.58% respectively.
7. Market Value and Additional Issuance of Stablecoins
According to Coinglass data, the total market value of stablecoins is currently reported at $213 billion, continuing to set a new historical high, with a 0.5% increase over the past week. Among them, the market value of USDT was $137.4 billion, accounting for 64.7% of the total market value of stablecoins; followed by USDC with a market value of $45.7 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 total issuance of USDC by the treasury increased by 650 million USDC, a decrease of 64.9% compared to the total issuance of stablecoins 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
● Cleopetra: Simplifies LP operations on DEX. By monitoring positions, it reduces impermanent losses and helps users maximize their benefits.
● Neur: Provides open — source AI models for trading, NFT management, and portfolio tracking. It is claimed to be an assistant to Solana.
● Roastmaster9000: The first AI Roast virtual comedian. Its interesting way of roasting has drawn the attention of people like Elon Musk and Anatoly Yakovenko.
III. New Trends in the Industry
1. Major Events in the Industry This Week
● The cross — chain AI Agent network, Artela Network, announced the ART token economic model and the community airdrop schedule. The total supply of ART is 1 billion tokens, with 62% allocated to the community. The community airdrop Wave 1 will open for queries on January 14 and will be available for claiming from January 17 to January 23. In addition, 18% is allocated to investors, with a 1-year lockup period, followed by a 24-month linear vesting period; 15% is allocated to the team, with a 1-year lockup period, followed by a 36-month linear vesting period; 5% is allocated to early contributors, with a 1-year lockup period, followed by a 24-month linear vesting period.
● The on — chain options protocol Derive has announced its 2025 roadmap. The first quarter will see the launch of the DeFAI trading platform, Derive Pro, in collaboration with Messari to redesign a agent — centered trading experience from the ground up. Derive Pro uses large — language models to enhance three parts of the trading process: research, execution, and portfolio management. In addition, Derive will expand the utility of its dUSD and equip its options AMM with customizable algorithms in 2025.
● Tether, the stablecoin issuer, is expanding into AI film production as part of its brand enhancement strategy. The company is hiring a new AI filmmaker position to produce short films and videos using AI tools.
According to the job description, these works will showcase Tether’s products. The company has hired 30 professionals in the past few months to build its AI platform and plans to hire more filmmakers in regions such as Asia — Pacific, Europe, Brazil, Argentina, and Colombia.
● The WA stablecoin issuer Usual posted on the X platform, stating that it has noticed the significant de — pegging of its staked stablecoin USD0++ from $1, which has drawn community attention. Therefore, it will introduce a series of measures to address users’ concerns and stabilize the ecosystem. Usual activated the Revenue Switch feature on January 13, sharing with the community the revenue it earns from real — world assets and protocol operations. The team expects monthly revenue of approximately $5 million. Under the current conditions, the annual return rate will exceed 50%. The distribution will be carried out weekly to strengthen the real value of USUAL, balance its economic model, and the revenue generated by the protocol. In addition, Usual Protocol also announced the launch of a 1:1 early unstaking feature next week, allowing users to exchange USD0++ at a $1 rate, but with a penalty of forfeiting a portion of accumulated rewards.
● The cross — chain settlement layer Union announced the launch of the Union Foundation, an independent organization dedicated to building a safer, decentralized, and interoperable Web3. Its core focus is to fund initiatives that support the Union network and incentivize its development through maintenance, continuous development, and the creation of decentralized applications (dApps), including a grant program and the Union Fellowship program. The Union Foundation has announced the upcoming release of its token economic model, and the Union mainnet is also set to launch soon.
2. Major Events to Take Place Next Week
● BuidlPad, a community sales platform, has announced a Solayer community sale event. Purchasers will be eligible to claim 100% of the LAYER token allocation during Solayer’s token generation event (TGE) without any lockup period. Participants in the community sale will have the opportunity to obtain a crypto debit card issued by Solayer. Subscription Period: The subscription period for this sale is from January 13 to January 15.
● The airdrop claim period for Puffer Finance (PUFFER) is from October 14, 2024, to January 14, 2025.
● The on — chain options protocol Derive posted “DRV 15.01.25”, which may indicate that it will launch the DRV token on January 15, 2025.
● Shiba Inu’s ecosystem token TREAT has announced its launch date as January 14, 2025. Last year in April, the Shiba Inu team raised $12 million by selling yet-to-be-issued TREAT tokens to non-US venture capital investors to develop its new privacy-focused Layer 3 blockchain. According to official messages, the TREAT token is the “utility and governance token” for its new privacy-focused Layer 3 blockchain, which is built on the Ethereum Layer 2 blockchain Shibarium.
● Ethena posted that Derive (DRV) will be launched on January 15, and 5% of the supply will be allocated to sENA stakers.
3. Important Investment and Financing Activities Last Week
● SoSoValue: Raised $15 million. The investing institutions include Hongshan, Mirana Ventures, SafePal, etc. (January 08, 2025)
● Sol Strategies: Raised $27.5 million. The investing institutions include ParaFi Capital, etc. Sol Strategies (CSE: HODL | OTC: CYFRF) is committed to building a bridge between traditional finance and the Solana ecosystem. As the only publicly — listed company in North America that specifically invests in and participates in Solana, it is mainly dedicated to exploring innovative opportunities in the blockchain field. （January 09, 2025）
● 0G: Raised $30 million. The investing institutions include Hack VC, Delphi Digital, etc. 0G is a modular AI blockchain with a scalable and programmable DA layer suitable for AI dapps. Its modular technology will enable friction — free interoperability between chains while ensuring security, eliminating fragmentation, and maximizing connectivity to achieve a weightless and open metaverse. （January 09, 2025）
