This week, after a pullback in BTC prices, there has been a rise again, with ETH performing slightly stronger than BTC. ETH's price has seen a significant increase, and both BTC and ETH have maintained a strong growth trend this week. Market investors are more optimistic about the future price trends of BTC and ETH, leading to more determined holding. As ETH prices have remained strong recently, various DeFi projects have increased their APY due to the rise in underlying assets, prompting investors to actively participate in various DeFi projects to increase returns while holding the original assets.
For DeFi projects, the growth of TVL is one of the intuitive indicators to assess their performance. By analyzing this week's TVL growth ranking, we can see that projects in the liquid staking track are particularly prominent.
This week, the prices of underlying assets on major public chains have risen significantly, which not only boosts the confidence of coin holders but also encourages them to enhance returns through participation in other investment activities while holding their coins. Against this backdrop, liquid staking projects have become crucial. The core of liquid staking lies in enhancing yield by releasing liquidity without changing the number of underlying assets held by users. The effective operation of this mechanism relies on the increase in the price of the underlying assets.
With the rise in ETH prices, it is expected that the prices of various public chains in the Crypto market will also rise accordingly, leading to the growth of their corresponding liquid staking projects. This trend indicates that liquid staking projects are not only competitive in the current market environment but will continue to play an important role in future market fluctuations.
Therefore, investors should pay more attention to liquid staking track projects across various public chains when investing recently.
On Wednesday, Federal Reserve Chairman Powell stated in an interview at the overnight DealBook/Summit conference that Bitcoin is not a rival to the dollar but rather to gold. Additionally, Trump's nomination of cryptocurrency-friendly Paul Atkins as SEC Chairman was seen as a significant positive for the market, leading Bitcoin's price to break through $100,000. Although there was a subsequent decline, it sparked optimistic sentiment in the Crypto market.
On Wednesday (December 11), Microsoft's December shareholder meeting will review the Bitcoin investment proposal, the Bank of Canada's interest rate decision, and the U.S. November seasonally adjusted CPI year-on-year.
On Thursday (December 12), the European Central Bank's deposit facility rate, the third Taipei Blockchain Week, and the number of initial unemployment claims in the U.S. for the week.
Next week, Microsoft's December shareholder meeting will greatly influence the short-term market trend depending on whether the Bitcoin investment proposal is approved. The announcement of the U.S. November seasonally adjusted CPI year-on-year will be regarded as an important indicator of whether the Federal Reserve will continue to cut interest rates in December. Therefore, it is expected that the Crypto market will be significantly affected by macro data and Microsoft's voting next week, likely leading to a volatile trend. Investors should maintain a cautious attitude.
In the DeFi sector, projects, especially liquid staking protocols, liquidity pools, and DEX tracks performed well this week. This is mainly because liquid staking protocols and liquidity pools have benefited from the rise in the prices of underlying assets, causing the arbitrage rates of DeFi projects to gradually increase due to the appreciation of crypto assets. It is expected to continue attracting a large number of investors looking for higher yield opportunities. DEX projects are the primary means of on-chain activity, and as asset prices continue to rise and market conditions improve, DEX projects naturally become one of the faster-growing tracks on-chain.
AI Agent track projects are currently in their startup phase, mainly concentrated on Solana, Ton, and Base chains. At this stage, there are two main types of projects being speculated: meme coin projects linked to AI concepts and token launch platforms for AI Agents. For ordinary investors, the probability of hitting a single meme coin is extremely low, and they should focus more on AI Agent token launch platform projects, similar to the meme launch platform Pump.fun, paying attention to whether the daily token launch quantity on the platform continues to increase and whether the trading volume maintains positive growth.