DeFi Data
1. Total market value of DeFi tokens: $132.087 billion
DeFi total market value Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$7.554 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $128.615 billion
The top ten rankings of DeFi projects with locked assets and locked-in amounts. Data source: defillama
NFT Data
1. Total NFT market value: $43.303 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $4.41 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
3. Top NFTs in 24 hours
Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO
Headlines
MicroStrategy has acquired 1,070 BTC for approximately $101 million
MicroStrategy has acquired 1,070 BTC for approximately $101 million at a price of approximately $94,004 per Bitcoin and achieved a 48.0% BTC return in the fourth quarter of 2024 and a 74.3% BTC return in fiscal year 2024.
As of January 5, 2025, MicroStrategy holds 447,470 BTC at a price of approximately $62,503 per Bitcoin, with an acquisition price of approximately $27.97 billion.
DeFi Hotspot
1. Analysis: Aave and MakerDAO performed well in 2024, and DeFi protocol revenue returned to the high level of 2021 driven by new platforms
Various DeFi protocols generated significant revenue in 2024, with many mature protocols seeing revenue figures close to their 2021 highs, while newer platforms established themselves as key contributors. Pump.fun is the most notable highlight of the Solana ecosystem this year. In 2024, Pump.fun generated $313 million in fees, an average of $31 million per month, with an average monthly growth rate of nearly 77%. Starting with only $5 million in fees in January, Jito grew at an average monthly rate of 79%, reaching a total of $603 million in fees by the end of the year.
Meanwhile, Ethena went from collecting just $1.7 million in fees in January 2024 to collecting over $267 million in fees by the end of the year. Notably, over 54% of Ethena’s full-year revenue was generated in the final three months, a figure that grew at an average rate of 150% per month during that period.
MakerDAO, on the other hand, far surpassed its previous all-time high revenue figures of $12.8 million in May 2021 and $32.6 million in April 2024. At the time of writing, MakerDAO generated nearly $40 million in revenue in December, a 38% increase from the previous month. It also generated more than $313 million in fees for the full year, a 176% increase from 2023. Despite the revenue growth, the MKR token is down 10% for the year. For Aave, 2024 marked a recovery in revenue close to its all-time high, with December revenue reaching $60.9 million, close to its October 2021 peak of $65.39 million. For the full year, Aave's total fee revenue was $389 million, an average of $32.4 million per month, with a steady monthly growth rate of 14%. This represents a 244% increase in annual revenue over 2023. Against this backdrop, the Aave token has soared more than 200% this year.
2. The number of ETH held by liquidity staking platforms has decreased by 70,000 since the end of November last year, of which Lido has decreased by 160,000
In October 2024, the amount of ETH locked in liquidity staking platforms exceeded 14 million, however the total amount of ETH currently held in these protocols is lower than the record level at the end of November (13.85 million ETH).
As of January 5, 2025, there are still about 13.78 million ETH locked in liquid staking platforms, a decrease of 70,000 since the end of November. Among them, Lido dominates, accounting for 69.96% (holding 9.64 million staked ETH, worth US$34.9 billion).
However, staked ETH on Lido has fallen by 160,000 since November 30, 2024, when 9.8 million ETH was staked. Meanwhile, Binance’s liquidity staking platform has added 150,000 ETH in the past 36 days; Rocket Pool has experienced continued outflows, losing 479,374 ETH from October 29 to the end of November, and another 7,743 ETH in the past 36 days.
Currently, the 13.78 million ETH locked in these LSD platforms accounts for 11.44% of the circulating supply of ETH (120,474,080).
3. Vitalik: Mainstream cryptography, network security, and decentralization outside of cryptocurrencies being seen as “non-cryptocurrency related” is a failure
Ethereum founder Vitalik Buterin said on the X platform in response to Ethereum Foundation researcher Devansh Mehta's question about "The Ethereum Foundation should start supporting non-cryptocurrency activities, not just people in the circle touting each other": "In my opinion, mainstream cryptography, network security, and non-blockchain decentralization are regarded as "non-cryptocurrency related" is a failure in itself (I think this concept mainly comes from the cryptocurrency side), and it is worth taking measures to solve this problem."
4. Aerodrome will launch Slipstream V2 this month
Aerodrome, a Base ecosystem project, tweeted that it will launch Slipstream V2 this month, aiming to combine the highest-performing DeFi pool with fees that dynamically adjust based on volatility.
5.Kamino: The main market will remove the SOL usage limit and increase the market supply of about 3.3 million SOL
Solana ecosystem DeFi protocol Kamino tweeted that its main market will remove the SOL usage cap and will increase the market supply of about 3.3 million SOL. Previously, Kamino introduced a usage rate cap to limit lending to a certain usage rate to prevent SOL borrowing APY from exceeding LST staking APY.
NFT Hot Spots
South Korea’s Jeju Island plans to issue NFT digital cards to attract millennial and Gen Z tourists
South Korea’s Jeju island plans to attract millennial and Gen Z tourists by issuing NFT-powered “tourist cards,” and says it hopes to start issuing tokens “in the second half of this year.”
Jeju Island will name the card and NFT "Tao," and tourists will be able to use the NFT to get discounts and "travel subsidies." It expects to pilot the Tao card in the coming months and plans to start rolling out its NFT to "domestic tourists" later in 2025.
Game Hotspot
Arbitrum's 225 million ARB game ecosystem incentive plan officially launched
The Gaming Catalyst Program (GCP) with 225 million ARB (about $190 million) approved by Arbitrum DAO has officially started. According to the latest transparency report, the program has generated about $1.2 million in expenditures, 93.5% of which was used for management expenses such as legal entity establishment and team salaries. CP plans to fund 100 projects in the next three years and has received 64 project applications.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
