Author: Deep Tide TechFlow
Market dynamics yesterday.
Bybit will launch Sonic SVM (SONIC)
According to official news, Bybit will launch spot trading for Sonic SVM (SONIC), with deposits and withdrawals conducted via the Solana network.
The top three blockchains in DEX trading volume in 2024 are Ethereum, Solana, and BNB Chain.
According to CryptoRank data, the top three blockchains in DEX trading volume in 2024 are Ethereum ($674 billion), Solana ($626 billion), and BNB Chain ($352 billion).
Layer2 sector performs well, with Arbitrum, Base, and Blast ranking fourth to sixth with trading volumes of $252 billion, $222 billion, and $133 billion respectively. The emerging public chain Sui enters the top ten with a trading volume of $41.2 billion.
Placeholder partner: Bitcoin's pullback may be due to year-end liquidity factors, market risk appetite has not declined.
Placeholder partner Chris Burniske pointed out that although BTC prices have fluctuated, trading pairs such as ETH/BTC, SOL/ETH, and SOL/BTC continue to perform strongly. He believes this indicates that the current market is not a sign of declining risk appetite, but more likely a result of year-end institutional liquidity factors such as balance sheet clean-up.
Polkadot's parent company releases the Polkadot 2025 roadmap, aiming to make DOT a universal fee token.
Polkadot's parent company, Parity Technologies, releases the 2025 roadmap, focusing on three main directions: smart contract upgrades, performance optimization, and ecosystem development.
In terms of smart contracts, Asset Hub will support EVM compatibility and Solidity contract deployment, while introducing a lightweight virtual machine PVM based on RISC-V.
In terms of performance upgrades, elastic scalability will be achieved through multi-core architecture, and zkSNARK technology will be used to optimize block production.
In terms of ecosystem development, DOT will become a universal fee token across Rollups and will lower development thresholds through the JAM SDK. Additionally, the roadmap includes improvements such as shortening the DOT unlocking waiting time and unifying address formats.
Binance Alpha adds COCO, vvaifu, MIRA, SKI, ALCH
On December 30, Binance Alpha announced the 9th batch of project tokens, which include:
COCO: A meme coin on the BNB chain, market cap of $67.84 million;
vvaifu: An AI agent token on the Solana chain that allows users to create and manage AI agents, market cap of $74.2 million;
MIRA: A meme coin on the Solana chain, inspired by a 5-year-old girl, with the initial goal of funding research, market cap of $21.17 million;
SKI: An animal-themed meme coin on the Base chain that promotes a culture of free self-expression online and in real life, market cap of $222 million;
ALCH: A token on the Solana chain, Alchemist AI is a no-code development platform (NCDP) that allows users to create software applications through simple descriptions, market cap of $70.76 million.
MicroStrategy increased its holdings by 2,138 bitcoins at an average price of $97,837.
According to market news, MicroStrategy increased its holdings by 2,138 bitcoins at an average price of $97,837.
QCP Capital: Cautious about market performance during the New Year period, expects BTC to start warming up in February.
QCP Capital's latest analysis indicates that following the typical quarter-end volatility sell-off after the options expiration, volatility has decreased by 2-3 percentage points from Friday's record expiration date. Despite BTC oscillating at the bottom over a one-month range with steady monthly returns, Q4 performance is solid: BTC up 48%, ETH up 30%. Saylor recently updated his BTC purchase tracker again, which may hint at a new round of purchases, further supporting the price.
Despite the possibility of purchases, QCP remains cautious about market performance during the New Year period, especially with ample funds. The average return for January (+3.3%) is similar to December (+4.8%), and it is expected that BTC spot prices will remain in this range until February begins to warm up. Options liquidity also reflects similar sentiment, with front-end volatility gradually declining, and the risk reversal for March is mainly concentrated on call options, partly due to a large purchase of 120,000 to 130,000 March call options last Friday.
Binance Megadrop will launch Solv Protocol (SOLV)
Binance announces that Binance Megadrop will launch its third project, Solv Protocol (SOLV). SOLV is a Bitcoin staking protocol dedicated to building a Bitcoin-centered financial ecosystem.
The maximum supply of SOLV tokens is 9.66 billion, with an initial supply of 8.4 billion (accounting for 86.96% of the maximum supply). This Megadrop airdrop will distribute 588 million SOLV, accounting for 7% of the initial supply. When listed on Binance spot, the initial circulation will be 1.4826 billion, accounting for 15.35% of the maximum supply.
The Hyper Foundation announces that HYPE staking is now live on the mainnet.
The Hyper Foundation posted on X platform stating: 'Staking is now live on the mainnet. Staking is an important milestone for Hyperliquid as it allows a diverse community of HYPE stakers to collectively secure the network. Like other proof-of-stake networks, new blocks on Hyperliquid are proposed by validators in proportion to the amount of staked HYPE. Staking is a significant responsibility for the Hyperliquid community.'
Users can stake HYPE with trusted validators and earn HYPE staking rewards. When choosing which validators to stake with, users may consider various metrics such as uptime, commission, reputation, and community contribution.
The Hyper Foundation will launch a delegation program to support high-performance validators and further decentralize the network. More information about this plan will be announced separately. Please note that locked tokens may be staked, but their rewards will be locked.
Market dynamics
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