CoinW Research Institute Weekly Report (January 13, 2025 — January 19, 2025)
Key Points
● The total market value of global cryptocurrencies is $3.59 trillion, up 2.5% from last week’s $3.5 trillion. As of January 20, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $38 billion, with a net inflow of $890 million this week, while the US Ethereum Spot ETF has had a net inflow of $26.6 billion, with a net inflow of $190 million this week.
● At the same time, the market value of stablecoins is $216 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 $46.5 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 $120.3 billion, an increase of 1.3% 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 53.14% share; Solana with an 9.32% share; and Tron with a 5.72% share.
● From the on-chain data, among the daily trading volume of Layer 1 public chains this week, the trading volume of SOL has achieved the biggest increase of up to 800% compared to last week, possibly influenced by TRUMP’s token. In terms of transaction fees, the transaction fees on the ETH chain have increased the most, with a 2011% increase compared to last week. From the perspective of daily active address, they have all presented a growth trend, and SOL has exhibited an evident growth trend this week, with a rise of 46% compared to last week. The total TVL of Ethereum Layer 2 reached $44.2 billion, an overall fall of 2.21% this week compared to last week.
● Innovation Project Highlights: Hyperfly：the DeFAI project of Hyperliquid, which helps users to execute complex transaction strategies on Hyperliquid with simple English commands; seeds: building blocks of the agent network status, which are based on Ethereum，and feature a token allocation of 100%, etc. ASYM: the AI agent for real-time monitoring, which can generate profit data and return data to the ASYM.
Content
Key Points…………………………………………………………………………………
I. Market Overview………………………………………………………………………
2. Fear & Greed Index……………………………………………………………………
3. EFT inflows/outflows data……………………………………………………………
4. ETH/BTC and ETH/USD exchange rates………………………………………
5. Decentralized Finance (DeFi)………………………………………………………
6. On-chain data…………………………………………………………………………
7. Market Value and Additional Issuance of Stablecoins…………………….
II. Trend of Hot Money This Week…………………………………………………
2. Insights into New Projects…………………………………………………………
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 $3.59 trillion, up 2.5% from last week’s $3.5 trillion.
As of press time, the market value of Bitcoin is $1.97 trillion, accounting for 54.93% of the total cryptocurrency market value. At the same time, the market value of stablecoins is $216 billion, representing 6% 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 20, 2025, the US Bitcoin Spot ETF has had a cumulative total net inflow of $38 billion, with a net inflow of $890 million this week, while the US Ethereum Spot ETF has had a net inflow of $26.6 billion, with a net inflow of $190 million this week.
4. ETH/BTC and ETH/USD exchange rates
ETHUSD: Currently at $3,182, with an all-time high of $4,878, a decline of approximately 34.64% from the highest price
ETHBTC: Currently at 0.031809, 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 $120.3 billion, up 1.3% from last week.
Breaking down by public chains, the top three public chains in terms of Total Value Locked (TVL) are Ethereum with a 53.14% share; Solana with an 9.32% share; and Tron with a 5.72% 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. From the daily trading volumes, the trading volumes of public chains have all presented a growth trend, except the SUI chain. In particular, the trading volume of SOL has achieved the biggest increase of up to 800% compared to last week, possibly influenced by TRUMP’s token. In terms of transaction fees, the transaction fees on the ETH chain have increased the most, with a 2011% increase 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 perspective of daily active address, they have all presented a growth trend, and SOL has exhibited an evident growth trend this week, with a rise of 46% compared to last week. From the perspective of TVL, SOL has exhibited an evident growth trend this week, with a rise of 30% compared to last week.
Layer 2 Related Data
● According to L2Beat data, the total TVL of Ethereum Layer 2 reached $44.2 billion, an overall increase of 2.21% this week compared to last week。
● Arbitrum and Base occupy the front row with market shares of 37.13% and 26.23% respectively.
7. Market Value and Additional Issuance of Stablecoins
According to Coinglass data, the total market value of stablecoins is currently reported at $216 billion. 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 $46.5 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 1.17 billion USDC, an 80% 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
● Hyperfly: the DeFAI project of Hyperliquid, which helps users to execute complex transaction strategies on Hyperliquid with simple English commands. Supported by the AI Agent, it can realize the precise and efficient trading of cryptocurrencies.
● seeds: building blocks of the agent network status, which are based on Ethereum, feature a token allocation of 100% and are about to initiate the airdrop. Seeds builds the basic genome for agents and enables them to become the hero in the large-sized AI RPG.
● ASYM: the AI agent for real-time monitoring, which can generate profit data and return data to the ASYM. It can monitor the pumpdotfun token, analyze its trend and use the price forecast model to execute transactions.
III. New Trends in the Industry
1. Major Events in the Industry This Week
● The ETH L2 Network Fuel will initiate the Genesis Drop and FS-1 event at the second stage. At the second stage, Genesis Drop will airdrop 150 million FUELs, with the qualification review and subscription scheduled for January 30, 2025 to March 2, 2025. The FS-1 event will also airdrop 150 million FUELs, and provide additional awards for liquidity providers on MIRA, Swaylend, Fluid, Ruscet, Spark and Griffy. The first season will last 45 days and end on March 1.
● The cross-chain interoperability platform Wormhole will launch the subscription at the first stage under the W Staking Reward Program (SRP), and synchronously initiate the second stage. At the first stage, the platform will allocate more than 50 million W coins, and a total of 58,415 addresses are eligible for reward.
● The Jupiter Advisor Kash Dhanda announced on Twitter that Jupuary has launched the airdrop inquiry portal for 2025. This time, about 2 million wallets are eligible for subscription, a total of 700 million coins will be airdropped, and the airdrop will adopt the stratified method.
● The Web3 User Safety Network GoPlus Foundation announced the detailed information on the GPS token airdrop and qualification standard. The airdrop will be distributed in four seasons, and distribute 3% in the first season. The airdrop inquiry and subscription will be open on January 16. The total supply of the GPS token is 10 billion coins, and its economic model is: community & development (24.67%), ecosystem growth (10%), market & growth (6%), airdrop (10%), liquidity (7%), advisors (3%), team (20%) and early supporters in 2021–2024 (19.33%).
● The decentralized AI platform Nodepay announced its token Nodecoin (NC) subscription and staking portal has opened.
2. Major Events to Take Place Next Week
● GraFun will launch a new token issuance mechanism Alpha Launch. The first instance using the mechanism is BAD Coin, a BNB chain-based AI agent token which is scheduled for launch on GraFun on January 20, 2025.
● Swell is expected to open the subscription for Wavedrop 2 on January 22, and the subscription for Wavedrop 1 will be simultaneously opened again on Swellchain.
● Jupiter’s founder Meow said Jupuary (namely, JUP Airdrop Event) is expected to initiate a Jupiter community event on Catstanbul, which is scheduled for January 25–26.
● CATTON, the Catton AI token of Telegram gaming platform based on AI, will be launched on the BNB Chain on January 26, 2025. Catton AI will integrate Wise Monkey IP and launch the intelligent AI NPC. 50% of the total supply of CATTON will be used for the ecosystem airdrop, where 37% will be allocated to MONKY holders, 10% will be allocated to Catton AI players, 2% will be allocated to FLOKI holders, and 1% will be allocated to players of ApeCoin DookeyDash.
3. Important Investment and Financing Activities Last Week
● Helio recorded a financing amount of $170 million from MoonPay and other investment firms. Helio is a Web3 payment platform. Helio allows merchants, dApp and creators to accept decentralized ciphered payment on Solana, Ethereum and Polygon safely and conveniently, and directly obtain the payment from clients, without intermediates, and with low cost. （January 13, 2025）
● Alterya recorded a financing amount of $150 million from Chainalysis and other investment firms. Alterya, a Web3 security platform, tests complex frauds against its true users, and helps encryption service providers protect their users and prevent authorization frauds. Its wallet threat intelligence bridges on-chain and off-chain signals, and enables institutions to effectively reduce fraud and dispute rate while enhancing trust and reducing the reputational risk. （January 13, 2025）
● Sygnum recorded a financing amount of $58 million from Fulgur Ventures and other investment firms. Sygnum is a digital asset bank holding the Swiss banking license and the Singaporean asset management license. It permits institutions, private qualified investors, enterprises, banks and other financial institutions to invest in the emerging digital asset economy with full trust. Clients can use their Swiss franc, US dollar, Euro and Singapore dollar deposits to invest in leading digital assets. （January 14, 2025）
● Phantom recorded a financing amount of $150 million in Series C, and the investment firms include Paradigm, Sequoia Capital, Andreessen Horowitz and Variant Fund. Phantom, a ciphered wallet, permits users to store, buy, send, receive and trade tokens and collect NFT safely and easily on the Solana blockchain. （January 16, 2025）
● Komainu recorded a financing amount of $75 million in Series B from Blockstream and other investment firms. Komainu is an institution-level digital asset custodian. Relying on the market-leading technology and compliance flows targeting different custody structures and regulatory environments, Komainu’s infrastructures allow various participants to participate in and sign contracts and conduct transactions in a trusted environment. （January 16, 2025）
