DeFi Data
1. Total market cap of DeFi tokens: 132.087 billion USD.
Total market cap of DeFi. Data source: coingecko
2. Trading volume on decentralized exchanges in the past 24 hours: 7.554 billion USD.
Trading volume on decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: 128.615 billion USD.
Top ten DeFi projects by locked assets and their volumes. Data source: defillama
NFT Data
1. Total market cap of NFTs: 43.303 billion USD.
Total market cap of NFTs and the top ten projects by market cap. Data source: Coinmarketcap
2. NFT trading volume in the past 24 hours: 4.41 billion USD.
Total market cap of NFTs and the top ten projects by market cap. Data source: Coinmarketcap
3. Top NFTs in the past 24 hours.
Top ten NFTs by sales increase in the past 24 hours. Data source: NFTGO
Headlines
MicroStrategy has acquired 1,070 BTC for approximately 101 million USD.
MicroStrategy has acquired 1,070 BTC for approximately 101 million USD, at a price of about 94,004 USD per Bitcoin, achieving a 48.0% BTC yield in the fourth quarter of 2024, and a 74.3% BTC yield for the 2024 fiscal year.
As of January 5, 2025, MicroStrategy holds 447,470 BTC, purchased at an average price of about 62,503 USD per Bitcoin, with an acquisition cost of approximately 27.97 billion USD.
DeFi Hotspot
1. Analysis: Aave and MakerDAO performed well in 2024, with DeFi protocol revenues returning to 2021 highs driven by new platforms.
Various DeFi protocols generated significant revenue in 2024, with many mature protocols' revenue data nearing their 2021 peaks, while newer platforms established themselves as key contributors. Pump.fun is a standout in the Solana ecosystem this year, generating 313 million USD in fees in 2024, averaging 31 million USD per month, with an average monthly growth rate of nearly 77%. Jito started the year with only 5 million USD in fees, growing at an average monthly rate of 79%, reaching a total of 603 million USD in fees by the end of the year.
Meanwhile, Ethena's fees increased from only 1.7 million USD in January 2024 to over 267 million USD by the end of the year. Notably, over 54% of Ethena's annual revenue was generated in the last three months, during which this figure grew at an average monthly rate of 150%.
On the other hand, MakerDAO has far exceeded the historical revenue figures of 12.8 million USD in May 2021 and 32.6 million USD in April 2024. At the time of writing, MakerDAO generated nearly 40 million USD in December, a 38% increase from the previous month. It also generated over 313 million USD in fees for the year, a 176% increase compared to 2023. Despite the revenue growth, the MKR token has dropped by 10% this year. For Aave, 2024 marks a recovery in revenue close to historical highs, with December revenue reaching 60.9 million USD, nearing its peak of 65.39 million USD in October 2021. For the year, Aave's total fee revenue was 389 million USD, averaging 32.4 million USD per month, with a stable monthly growth rate of 14%. This represents an annual revenue increase of 244% compared to 2023. Against this backdrop, Aave token surged over 200% this year.
2. The amount of ETH held on liquid staking platforms has decreased by 70,000 since the end of November last year, with Lido accounting for a reduction of 160,000.
In October 2024, the amount of ETH locked on liquid staking platforms surpassed 14 million, however, the total amount of ETH held by these protocols has fallen below the record level of the end of November (13.85 million ETH).
As of January 5, 2025, approximately 13.78 million ETH remains locked in liquid staking platforms, a decrease of 70,000 since the end of November. Of this, Lido dominates with a share of 69.96% (holding 9.64 million staked ETH, worth 34.9 billion USD).
However, Lido's staked ETH has decreased by 160,000 since November 30, 2024, when it had staked 9.8 million ETH. Meanwhile, Binance's liquid staking platform added 150,000 ETH in the past 36 days; Rocket Pool experienced a continuous outflow, losing 479,374 ETH from October 29 to the end of November, with a further decrease of 7,743 ETH in the past 36 days.
Currently, the 13.78 million ETH locked on these LSD platforms accounts for 11.44% of the circulating supply of ETH (120,474,080 ETH).
3. Vitalik: Mainstream cryptography, cybersecurity, and decentralization outside of cryptocurrency being seen as 'non-crypto-related' is a failure.
Ethereum founder Vitalik Buterin stated on the X platform in response to Ethereum Foundation researcher Devansh Mehta regarding 'the Ethereum Foundation should start supporting non-cryptocurrency activities, not just activities where people in the circle praise each other': 'In my opinion, mainstream cryptography, cybersecurity, and non-blockchain decentralization being seen as 'non-crypto-related' is itself a failure (I believe this notion mainly comes from the cryptocurrency side) and it is worth taking measures to address this issue.'
4. Aerodrome will launch Slipstream V2 this month.
Base ecosystem project Aerodrome tweeted that it will launch Slipstream V2 this month, aiming to combine the highest performing pools in DeFi with fees dynamically adjusted based on volatility.
5. Kamino: The main market will remove the SOL usage cap and increase the market supply by about 3.3 million SOL.
Solana ecosystem DeFi protocol Kamino tweeted that its main market will remove the usage cap for SOL and increase the market supply by about 3.3 million SOL. Previously, Kamino had introduced a usage cap to limit lending above a certain usage rate to prevent SOL lending APY from exceeding LST staking APY.
NFT Hotspot
Jeju Island in South Korea plans to issue NFT digital cards to attract millennial and Gen Z tourists.
Jeju Island in South Korea plans to attract millennial and Gen Z tourists by issuing NFT-driven 'tourist cards', with hopes to start issuing tokens 'in the second half of this year.'
Jeju Island will name this card and NFT 'Tao', allowing tourists to use the NFT for discounts and 'travel subsidies'. The Tao card is expected to be trialed in the coming months, with plans to launch its NFT to 'domestic tourists' later in 2025.
Gaming Hotspot
The 225 million ARB gaming ecosystem incentive plan of Arbitrum has officially launched.
The 225 million ARB (about 190 million USD) gaming ecosystem incentive plan (Gaming Catalyst Program, GCP) previously approved by Arbitrum DAO has officially launched. According to the latest transparency report, the plan has generated about 1.2 million USD in expenditures, with 93.5% used for management costs such as the establishment of legal entities and team salaries. The CP plan aims to fund 100 projects over the next three years, and 64 project applications have been received so far.
Disclaimer: Golden Finance, as a blockchain news platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone is encouraged to establish a correct investment concept and to enhance risk awareness.
