1. Data: Bitcoin spot ETF had a total net inflow of US$52.3899 million yesterday, and the ETF net asset ratio reached 5.76%
According to SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (January 7, Eastern Time) was US$52.3899 million.
Yesterday, Grayscale ETF GBTC had a net outflow of $125 million in a single day, and the current historical net outflow of GBTC is $21.571 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $0.00 in a single day, and the current historical total net inflow of Grayscale Bitcoin Mini Trust BTC is $924 million.
The Bitcoin spot ETF with the largest daily net inflow yesterday was BlackRock's IBIT ETF, with a daily net inflow of $596 million. Currently, IBIT's total historical net inflow has reached $37.974 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $110.115 billion, and the ETF net asset ratio (market value to Bitcoin's total market value) is 5.76%, with a historical cumulative net inflow of $36.949 billion.
2. Data: Ethereum spot ETF had a total net outflow of $86.7917 million yesterday, and the ETF net asset ratio reached 3%
According to SoSoValue data, yesterday (January 7, EST), the total net outflow of Ethereum spot ETFs was $86.7917 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a single-day net outflow of $7.9622 million, and the current historical net outflow of ETHE is $3.676 billion. Grayscale Ethereum Mini Trust ETF ETH had a single-day net outflow of $11.1910 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $595 million.
As of press time, the total net asset value of the Ethereum spot ETF was US$12.281 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 3%, and the historical cumulative net inflow has reached US$2.681 billion.
3. Nasdaq applies to increase the BlackRock Bitcoin spot ETF holding limit to 250,000 shares
According to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the holding limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application still needs the approval of the SEC to take effect. The holding limit refers to the maximum share of the ETF that a single investor or institution can hold.
The head of Bitwise Alpha Strategies said: “Considering the rising trading volume of the ETF, it would be reasonable to at least raise the holding limit to 400,000. The demands of Nasdaq and BlackRock are reasonable and supported by facts.”
4. Bitwise Research Director: The number of bitcoins held by companies has increased to 590,649, a year-on-year increase of 63%
Ryan Rasmussen, head of research at Bitwise, wrote that over the past year, the number of bitcoins held by companies increased from 262,635 in the fourth quarter of 2023 to 590,649 in the fourth quarter of 2024, an increase of 63%.
5. Bhutan’s special economic zone, Glep Mindfulness City (GMC), announced that BTC, ETH and BNB will be included in the strategic reserve
According to the official website of Bhutan's special economic zone, Glep Mindful City (GMC), Bhutan announced that it will include BTC, ETH and BNB in its city's strategic reserve assets, becoming one of the first special administrative regions in the world to include digital assets in its strategic reserves.
According to the official website, BNB is included in the list of reserve assets because of its high market value, ample liquidity and running on a mature and secure blockchain. One of GMC's future economic priorities is to promote and support the application of blockchain technology. This move not only strengthens GMC's economic resilience, but also demonstrates its determination to promote the development of blockchain technology. In March 2025, GMC will hold a high-level meeting to discuss the strategic reserve of digital assets and establish an international advisory committee.
Industry perspective
1. The probability that the Federal Reserve will keep interest rates unchanged in January is 95.2%
According to CME’s “Fed Watch”: The probability that the Fed will keep interest rates unchanged in January is 95.2%, and the probability of a 25 basis point rate cut is 4.8%.
The probability of maintaining the current interest rate unchanged by March is 60.9%, the probability of a cumulative interest rate cut of 25 basis points is 37.3%, and the probability of a cumulative interest rate cut of 50 basis points is 1.7%. (Jinshi)
2. CryptoQuant analyst: This bull market is likely to reach its cyclical peak in Q1 or Q2 of 2025 at the latest
CryptoQuant analyst Crypto Dan said in a Jan. 6 article that the bull run that began in January 2023 is likely to reach its cyclical peak in the first quarter of 2025 or at the latest in the second quarter. “With a large influx of new investment and additional funds from existing investors, it is reasonable to expect that the market is currently in the late stages of this cycle,” the article said.
“Therefore, the expectation of a sharp rise in Bitcoin and altcoins is still worth looking forward to. Nevertheless, from a conservative perspective and with risk management in mind, caution is recommended,” the post said.
3. Arthur Hayes: The crypto market may peak in mid-March and then experience a severe correction
In his latest blog post, Arthur Hayes, co-founder of BitMEX, explains why he believes the crypto market will peak in mid-March and then experience a severe correction. The article states that Bitcoin bottomed out in the third quarter of 2022 when the Fed's reverse repo tool peaked; Yellen adjusted the bond strategy and withdrew more than $2 trillion in RRP, injecting liquidity into the market and driving cryptocurrencies and stocks up. In the first quarter of 2025, the market is concerned about whether the liquidity of the US dollar can offset the slow implementation of Trump's policies. If liquidity is sufficient, increasing risk exposure will be a safe choice.
The Fed factor is secondary in the analysis, with the focus on how the Treasury will deal with the debt ceiling. If politicians hesitate, the Treasury may inject liquidity from the general account (TGA) to create a positive atmosphere for cryptocurrencies. The Fed's quantitative tightening policy continues, but the scale of RRP has almost been cleared, and the RRP rate has been lowered to reduce its attractiveness. This move is aimed at boosting demand for US bonds and paving the way for policies such as stopping QT. Yellen revealed that the Treasury expects to take "extraordinary measures" to raise funds in mid-January. When politicians agree to raise the debt ceiling, it will test Trump's support. It is expected that the balance of the Treasury's general account (TGA) will be exhausted in May-June, and the market may react in advance. By the end of the first quarter, the total dollar liquidity of the Federal Reserve and the Treasury is expected to be $612 billion. When the default and shutdown crisis approaches, an agreement will be reached to raise the debt ceiling, and the Treasury will resume borrowing and replenish TGA, resulting in a decrease in liquidity. After the tax payment deadline on April 15, the government's financial situation will improve and liquidity will also decline. If the TGA balance dominates the price of cryptocurrencies, the market may reach a high point at the end of the first quarter and then fall back.
Yellen lowered the rate to issue short-term Treasury bills, which made Powell's strategy of tightening financial conditions to fight inflation fail. Although the Trump team may perform poorly on cryptocurrencies and corporate legislation, the positive dollar liquidity environment may offset this impact. Hayes said: "Investors are advised to sell in the late first quarter and wait for liquidity conditions to improve in the third quarter. As the chief investment officer of Maelstrom, it is recommended that risk takers switch to aggressive mode and get involved in the field of decentralized science (DeSci) altcoins. If things go well, I will reduce my baseline position in March."
4. Binance Research: The crypto market will continue to grow in 2025, and institutional adoption and DeFi expansion will drive market prosperity
According to Binance Research’s latest monthly market insights report, the crypto market will continue to grow in 2025, driven by accelerated institutional adoption, evolving regulatory frameworks, and the expansion of the DeFi ecosystem.
The Binance report highlighted that Bitcoin’s dominance among global assets has increased, and despite a sharp pullback in late December last year, the overall market still exhibits strong fundamentals.
Last December marked a major milestone for the cryptocurrency market, with the market capitalization falling to $3.41 trillion after rising to a record high of $3.91 trillion following the Federal Reserve’s decision to reduce the number of planned interest rate cuts through 2025 from four to two.
The pullback wiped out $500 billion in market value, but Bitcoin still ranks as the world's seventh-largest asset by market value, surpassing Saudi Aramco and silver.
Bitcoin’s market capitalization grew 123.4% last year, driven by the approval of a spot Bitcoin ETF and its subsequent record growth, as well as MicroStrategy’s inclusion in the Nasdaq 100 Index and continued adoption by institutional investors. The year’s growth made Bitcoin the second-best performing asset among the world’s top 10 assets, behind only Nvidia.
The report noted that speculation surrounding the potential adoption of Bitcoin as a strategic reserve asset by the United States further boosted Bitcoin's momentum. As capital shifted from altcoins to Bitcoin, its dominance continued to grow, consolidating its position as a leading asset class.
While the broader market experiences volatility, Bitcoin’s strong fundamentals and growing adoption in traditional finance could pave the way for continued growth into 2025.
The report states that if the current trend continues, Bitcoin could challenge for higher positions in the global asset rankings, moving closer to gold.
The DeFi space has also witnessed significant growth, with decentralized spot and perpetual contract trading volumes hitting new highs of $326 billion and $356 billion respectively in December.
Hyperliquid was the main driver of this surge, accounting for more than 60% of the total decentralized perpetual contract volume. Meanwhile, lending and liquidity staking protocols also hit new all-time highs of $55 billion and $71 billion, respectively.
The stablecoin market has seen a major shift, with Ethena’s USDe surpassing USDS to become the third-largest stablecoin with a market cap of $5.9 billion.
Additionally, Binance Research highlighted the emerging role of AI agents in the crypto ecosystem. Leading AI agent tokens now have a multi-billion dollar market cap and are seeing increasing adoption in trading and entertainment.
Despite the year-end correction, the report concludes that favorable regulatory developments, rising institutional participation, and technological advances in DeFi and AI will enable continued expansion of the cryptocurrency market through 2025.
5. Analyst: Altcoins will not rise at the same time as before, but will have a larger but more limited rotation
According to Miles Deutscher, a cryptocurrency analyst, on social media, the alt season will never be the same as 2021 because:
The 2021 easing conditions are an extreme anomaly
A surge in new launches and dilution of altcoins
This doesn’t mean it won’t thrive just as much as before (maybe even more), just in a different way:
1. Instead of all altcoins rising at the same time, there will be larger but more limited rotations (such as AI and Meme coins)
2. Liquidity will flow in gradually, rather than rising sharply as during the 2021 stimulus package
3. Strong ETF flows reduce the impact of Bitcoin (BTC) gains on liquidity flows (more psychological than practical now)
4. The market will shift more towards traders’ market, as the strategy of “holding a lot of coins and waiting for them to rise” will no longer be as effective as before
There are still huge opportunities in this space, but adjust your trading/investing style based on current market conditions.
6.21.co Strategy Analyst: Data shows that ETH ETF still has a lot of room for growth and may catch up in 2025
Tom Wan, a strategic analyst at 21.co, said in a post that the current market value ratio of BTC to ETH is 4.5:1, while the ETF asset management scale (AUM) ratio is as high as 9:1. BTC ETF holdings account for 5.9% of the total supply, while ETH ETF only accounts for 2.9%, indicating that ETH ETF still has a lot of room for growth, and may catch up in 2025, which may drive up the price of ETH.
7. Greeks.live: The market's current correction was mainly affected by the strong dollar and the decline of US stocks. The Bitcoin bull market is still
Adam Yu, a macro researcher at Greeks.live, wrote on X: “Affected by the plunge in U.S. stocks such as Nvidia and Tesla, cryptocurrencies have also seen a sharp adjustment. Bitcoin has fallen below $100,000 again, and altcoins have fallen even more sharply, and market sentiment has turned pessimistic.
In terms of option data, short-term IV rebounded slightly, but it is still at a low level, and the market's pricing of future fluctuations remains unchanged. Option Skew and futures premium have not changed significantly. The mainstream view of the market on this pullback is that it is affected by the strength of the US dollar and the decline of US stocks. The trend of Bitcoin has not changed, and the bull market is still there.
If you choose to buy the dip now, the short-term bullish trend of $100,000 is very cost-effective, especially the bullish trend of Bitcoin this week. "
8. Nexo: Bitcoin and Ethereum are expected to grow in 2025, Solana's development trajectory remains uncertain
Nexo’s latest Dispatch report discusses the recent crypto markets:
Bitcoin: Bitcoin reaching $100,000 could become a key support zone, further reinforced by $2 billion inflows into spot ETFs in early January. Historical trends suggest Bitcoin could rise further in January, having previously risen 20-30% during this period. The report also noted that institutional investors such as MicroStrategy will continue to increase their holdings of Bitcoin.
Ethereum: Ethereum is also expected to grow due to the increasing number of long-term holders (currently accounting for more than 75% of investors) and strong inflows into spot ETFs, coupled with high leverage in the futures market, indicating optimism about the asset in 2025.
Solana: Faces potential headwinds as 2025 begins due to a surge in market activity, trajectory remains uncertain, and a sell-off is possible despite technical indicators showing bullish momentum.
Meanwhile, the broader cryptocurrency market faces volatility as billions of dollars in tokens are unlocked this month, with daily releases from assets such as Solana and Dogecoin (DOGE) expected to influence short-term price action.
The report highlights that some macroeconomic factors, such as U.S. labor market statistics, are important factors affecting the demand for cryptocurrencies, especially Bitcoin.
Industry Hotspots
1. The crypto market may see a general correction due to macro factors, while the PayFi and CeFi sectors are relatively strong
According to SoSoValue data, the crypto market may generally pull back due to macro factors, but the PayFi and CeFi sectors are relatively strong. They pulled back by -3.56% and -3.82% respectively. It is worth noting that Bitget Token (BGB) in the CeFi sector rose against the trend by 5.93%, with monthly and annual returns as high as 164.23% and 940.47% respectively.
SoSo Value analysts said that the US non-manufacturing PMI for December and the number of job vacancies in November released today both exceeded expectations, showing the strength of the US economy and the resilience of employment, which led the market to bet on no interest rate cuts or even interest rate hikes in the first half of 25 years. The US Treasury yield rose sharply to 4.7%, bringing about a price correction in risky assets such as US stocks and cryptocurrencies.
In terms of other sectors, the Layer 1 sector fell -6.95%, the DePIN sector fell -8.43%, the DeFi sector fell -9.46%, the Layer 2 sector fell -9.47%, and the Meme sector fell -10.81%. In addition, the AI Agents sector, which had a high increase yesterday, fell -10.25% today.
2. Monad published an article summarizing the 2024 ecosystem overview: $30 million will be used to invest in ecosystem-native projects
Monad published a post on its social media platform summarizing the 2024 ecosystem overview, reviewing the key data achievements made by the Monad ecosystem in 2024, including:
· US$1.2 million to support early-stage ecosystem projects;
· US$30 million for investment in ecological native projects;
44 teams presented at Monad Madness events (New York and Bangkok);
46 early-stage projects accelerated through Mach and Jumpstart;
294 builders collaborated to build Monad;
55 industry experts shared their experiences with Monad founders through seminars, fireside chats, or 1v1 mentoring.
98 teams received customized pitch feedback from multiple contributors of the ecosystem team;
13+ Nads joined;
65 developer events held around the world;
It is reported that Monad aims to build a high-performance Layer 1 blockchain for the next generation of decentralized applications. In April this year, Monad Labs received $225 million in financing led by Paradigm, with participation from Coinbase Ventures, Electric Capital and other institutions.
3.HAT: Token economics updates are coming soon, including increasing the amount of destruction, unlocking advanced features, etc.
AI Agent Launch platform HAT published a post on X stating that it will soon update its token economics, including using HAT as a token related to platform revenue, unlocking advanced features, and as a payment token.
HAT said that currently 10% of the platform revenue is used to repurchase and destroy tokens. In the future plan, the higher the Agent usage rate, the higher the HAT destruction rate in circulation, and developers can get discounts. In addition, developers need to hold a specific number of HAT to use advanced AI Agent customization functions.
4. Swarms developers: All the work results of the team will be open source, and non-open source artificial intelligence is very dangerous
Kye, the developer behind AI Agent swarms, posted on X platform: "Every AI should be open source. Every one of them. I'm not a big fan of the AI safety community, but closed-source AI is very dangerous. With open source, people can make changes to keep AI in line with humans. If it's closed source, this is impossible. We should encourage everyone to open source their AI, otherwise we will face unimaginable consequences.
At @swarms_corp all our work is open source. Everything is on our GitHub and we are committed to always making all our work open source.”
5. Privacy-Secure Computing Network Nillion: AI Lingo has more than 40,000 integrated users, and Virtuals, Capx, and Ritual integrations are in progress
The privacy-secure computing network Nillion officially published an article on the X platform, emphasizing that Nillion is not another AI token, but the infrastructure required for all AI agents to process private data. Pioneers in the field of AI agents (Virtuals, Capx, Ritual) have all chosen Nillion as a privacy solution.
Because without good data, AI agents are helpless. But no one wants to expose their precious data. Practical agents need access to more than just tweets; character agents should be able to share private thoughts and memories with each other. Nillion is working to solve this problem. Blind computation will allow AI agents to store and process encrypted data without having to decrypt it.
at present:
More than 40,000 users have used AI Lingo integration;
·3 leading AI platforms are being integrated;
Although the mainnet is not online, its ecosystem is growing rapidly.
AI agents need private data access to scale. That’s why Virtuals, Capx, and Rituals invested development resources into privacy infrastructure earlier than other companies.
The privacy-focused and secure computing network Nillion’s mainnet will be launched in February this year, with a total financing amount of over US$50 million.
6. Sui TVL exceeds 2 billion US dollars, setting a new record
Sui, the public chain, said on the X platform that its total locked value (TVL) has exceeded $2 billion, a record high, just three months after it first reached the $1 billion mark. Sui said that the recent announcements and launches of stablecoins, wallets, and lending protocols triggered Sui's growth. Industry giants such as Grayscale, VanEck, and Franklin Templeton also brought impetus to Sui.
7. DePIN project Hivera announced the completion of US$2 million in financing
DePIN network Hivera recently announced on X Platform that it has received $2 million in funding from the IPN Foundation.
Hivera is a decentralized physical infrastructure network (DePIN) supported by Ton Incubator. It allows users to contribute data for AI training through the TG applet and receive token rewards based on the device bandwidth speed.
8.CARV launches CARV SVM Chain testnet
CARV officially released the CARV SVM Chain testnet today, dedicated to achieving data sovereignty on a large scale. The chain natively supports AI agents, enabling intelligent interaction and collaboration between agents, and extends SVM capabilities to Ethereum. It combines zero-knowledge (zk) technology with trusted execution environments (TEEs) to provide data privacy protection capabilities and scalability while achieving efficient liquidity bridging between Ethereum and Solana.
Previously, CARV relied on modular data solutions CARV Protocol, CARV ID and CARV Play to accumulate 15 million registered users and 2.1 million daily independent active wallet addresses across more than 40 chains. Today, CARV is further expanding its innovation footprint, and CARV SVM Chain will become an autonomous AI proxy infrastructure built specifically for AI applications.
9. SUI Ecosystem Project Wave Completes Seed Round Financing, KuCoin Labs and Other Institutions Lead the Investment
Wave, a traffic project on the SUI ecosystem, recently officially announced the completion of its seed round of financing. The lead investors include KuCoin Labs, SUI Foundation, Web3Port Foundation, and Comma3 Ventures. The amount of financing was not disclosed.
As the leading project of SUI ecosystem, Wave currently has more than 4 million on-chain users and more than 600,000 monthly active users. Wave will gradually become the entrance to the traffic and assets of SUI ecosystem. Focusing on Wave Trading, an easy-to-use and smooth trading product based on Telegram, Wave Pad, which focuses on supporting early high-quality projects in SUI ecosystem, as well as products such as DeFi and GameFi, Wave provides users with a one-stop experience in trading, airdrops, investments, games and other products.
10. Data: CEX Bitcoin wallet balance dropped to the lowest point in nearly a year, with a net outflow of 47,000 Bitcoins in the past 7 days
According to Coinglass data, the balance of Bitcoin wallets on centralized exchanges (CEX) has dropped to its lowest level in nearly a year. As of January 7, CEX held a total of 2,199,387.25 Bitcoins, down about 17.6% from 2.6623 million on January 6, 2024.
In the past 7 days, CEX has a cumulative net outflow of 47,127.60 bitcoins. The top three CEXs in terms of outflow are:
1. Bitfinex: outflow 29,690.88 BTC;
2. Coinbase Pro: 9,368.86 BTC outflow;
3.Binance: Outflow of 7,136.79 BTC.
11. Decentralized data infrastructure CESS Pathfinder node sales reached 15,000
The decentralized data infrastructure CESS Pathfinder Node sales officially started the fourth phase, and it has completed the sales of 15,000 nodes in three phases. Pathfinder Node is one of the basic components of the storage infrastructure in the CESS Network. Users who hold Pathfinder Node licenses (NFT) can enjoy unique rights and interests by running Pathfinder nodes to participate in the main network after the CESS main network is launched.
There are 7 phases of Pathfinder Node, with 5,000 nodes sold in each phase and prices increasing in phases. CESS will continue to be committed to providing secure and efficient decentralized data storage and retrieval solutions for institutions, enterprises and users.
12.BIO Protocol: Six new IP tokens are now available for trading, covering areas such as Alzheimer’s disease and cryopreservation
BIO Protocol posted on social media that 6 new IP tokens are now available for trading, covering projects including Alzheimer's disease (CLAW), ovarian aging (OVARIA) and cryopreservation (CRYORAT).
The launch is part of a series of major developments for BIO Protocol in recent times. The protocol launched its native token $BIO on Binance and Ethereum mainnet on January 3, and plans to introduce $BIO to Solana and Base networks in the near future. In addition, BIO Protocol also plans to launch two new BioDAOs, Long COVID Labs (LCL) and Curetopia, this month.
BIO Protocol is developing a new decentralized science (DeSci) launchpad designed to enable a more permissionless BioDAO launch. The protocol also revealed that it will discuss the future development of DeSci in the Solana ecosystem with the Solana Foundation and developers this week.
13. Ripple cooperates with decentralized oracle network Chainlink to provide support for stablecoin RLUSD
Blockchain-based payment protocol Ripple has partnered with decentralized oracle network Chainlink to increase the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications.
Chainlink will provide price feeds for RLUSD on Ethereum and XRP ledgers, aiming to support cost-effective trading and DeFi use cases for enterprise-grade stablecoins. RLUSD is pegged to the U.S. dollar and will receive tamper-proof and accurate data through Chainlink’s decentralized nodes. The integration is designed to reduce the risk of manipulation or downtime.
14.Usual: Plans to turn on token fees before February 1
Usual announced the launch of the "Revenue Switch" mechanism on social platforms, which will distribute protocol revenue directly to $USUAL stakers. The activation condition is that more than 50% of $USUAL is staked as USUALx, or it will be automatically activated on February 1, 2025.
After the mechanism is activated, the protocol’s monthly revenue of up to $5 million will be distributed to USUALx stakers in the form of USD0. Rewards are only given to users who continue to stake throughout the monthly cycle. Those who withdraw during the period will lose the current income qualification. Currently, the protocol has generated more than $20 million in revenue to be distributed.
15. ACT community announced to provide funding to GNON to promote the construction of decentralized communication network
Act I: The AI Prophecy published an article on X stating that the ACT community announced a grant to GNON to support its creation of a decentralized communication network, Echo Chambers. The network aims to provide an uncensored, unblocked proxy-to-proxy real-time communication platform that allows developers to freely deploy, test, and optimize models to promote innovation and collaboration.
16. Michael Saylor: MicroStrategy will acquire more than 258,300 BTC in 2024
MicroStrategy founder Michael Saylor posted on the X platform that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024, achieving a 74.3% BTC return rate. At the beginning of the year, it held 189,150 BTC and realized a profit of 140,630 BTC.
At $100,000/BTC, this means $14.06 billion in value created for shareholders in 2024, or $38.5 million per day.
17.1confirmation founder: Many major new ideas that drive the crypto space forward started with Ethereum
Nick Tomaino, founder of 1confirmation, wrote on the X platform that the future of Ethereum is on-chain prediction markets, social networks, DAOs, identity protocols, AI agents, messaging applications, NFTs, DeFi applications, stablecoins, games, etc. Every major new idea that drives the crypto space forward starts with Ethereum. This has been the case for the past 9 years.
Many of us in the community have been here for a long time, through many ups and downs, and don’t care about narrative or tribal bullshit. We just want useful applications that bring crypto to more people.
18. Astherus, a multi-asset liquidity center invested by Binance Labs, starts S1 phase and introduces a new trading points system
Astherus has exceeded $150 million in total TVL after its S0 phase. The new S1 phase introduces the Rh points system, where users can trade on the AstherusEX platform to earn Rh points. A new Au points ranking list is opened in S1, where users can earn Au points by minting asTokens, USDF or ALP in AstherusEarn, and can also get additional referral bonuses and team points by inviting friends to join and form a team.
As a multi-asset liquidity hub strategically invested by Binance Labs, Astherus aims to solve inefficiencies in DeFi by focusing on the real returns of assets, providing sustainable and substantial returns while enhancing the utility and liquidity of digital assets within the ecosystem. With the official announcement of the launch of the S1 phase of the Spectra program, it not only provides users with more opportunities to earn and increase the value of their crypto assets, but also promotes the progress of its points system.
19.Mind Network and Phala Network reached a strategic cooperation to provide AI Agent solutions based on TEE + FHE
FHE project Mind Network announced a strategic partnership with Phala Network to create the next generation of secure zero-trust AI Agent solutions through the combination of trusted execution environment TEE and fully homomorphic encryption FHE.
This collaboration combines TEE and FHE to provide an efficient and secure solution for AI Agent. TEE supports AI Agent to process data and models securely at low cost, and encrypts the inference results by loading the FHE SDK, and finally sends them to Mind Network's FHE Hub for consensus verification. Through the combination of TEE+FHE+blockchain, end-to-end security services and autonomous consensus capabilities are achieved.
Phala Network is a new generation TEE cloud platform that provides a low-cost, user-friendly trustless environment.
As the first FHE project launched on the mainnet, Mind Network is committed to becoming the infrastructure of the HTTPZ era, promoting the widespread application of FHE technology in the fields of Web3 and AI, and solving key issues such as data security, quantum resistance and decentralized consensus.
20. Hyperliquid Releases 2024 Review: TVL Increases from $56 Million to $2.1 Billion
Decentralized derivatives trading platform Hyperliquid releases its 2024 Annual Review. Data shows that the platform achieved significant growth throughout the year: daily trading volume increased from US$1 billion to US$15 billion, open positions increased from US$178 million to US$4.3 billion, TVL increased from US$56 million to US$2.1 billion, users The number increased from 31,000 to 300,000. The platform currently supports 158 perpetual contracts and 128 native spot asset transactions, with single-day transaction fees and spot auction revenue exceeding US$3.5 million.
In 2024, Hyperliquid launched a number of important products and technology updates, including native token standards HIP-1 and HIP-2, HyperBFT consensus mechanism, testnet EVM, Builder codes, HYPE token creation and staking, etc. The platform ecosystem is expanding rapidly, integrating cross-chain bridges such as deBridge and Synapse, analysis tools such as DEX Screener and Coinalyze, and trading software such as CCXT and Hummingbot.
Hyperliquid said that the platform achieved the above growth without any external financing and gave all transaction fees back to the community. In 2025, the platform will continue to be committed to building a fair and permissionless financial ecosystem, and more developers and users are expected to join.
21.Aave V3 has been deployed to the Aptos testnet, marking the first time that the Aave protocol has been deployed on a non-EVM network
Aave announced that Aave V3 has been deployed to the Aptos testnet, marking the first time the Aave protocol has been deployed on a non-EVM network.
This testnet phase aims to verify the security, stability and performance of Aave V3 on Aptos in preparation for a potential mainnet launch in the future.
22. Deploy Curve-Lite to Sonic Network
Curve has deployed its Curve-Lite version on the Sonic blockchain, an upgraded version of the blockchain formerly known as Fantom.
23. Hyperliquid integrates Router Nitro bridge to support cross-chain deposits on Ethereum, Solana and other networks
Hyperliquid has integrated Router Protocol’s Nitro bridge, enabling direct deposits from over 30 EVM and non-EVM chains, including Ethereum, Solana, Sui, Tron, and Base. This integration eliminates the previous two-step process that required traders to bridge funds through Arbitrum before accessing Hyperliquid, and users can now deposit assets directly through a single interface.
The platform has seen significant growth over the past six months, attracting more than $1 billion in net stablecoin inflows and reaching $3 billion in TVL. According to Hashed’s Dune dashboard, its deposit bridge currently holds more than $2 billion in stablecoins.
Ethereum Ecosystem
1. Base Protocol Director: Base and Ethereum are not in a zero-sum competition
Jesse Pollak, head of the Base protocol, said in a reply to Solana co-founder toly on X: “I don’t think the relationship between Base and Ethereum is a zero-sum competition. Base and other L2s are actually executing the Ethereum roadmap. Many of us have been working together on this for more than 5 years. If Base develops, Ethereum will also develop.
Will Ethereum’s transaction acceptance rate on L2 be lower than L1? Yes, absolutely. Will that acceptance rate be the same as it is today when we are in the midst of possibly the greatest growth opportunity in human history? I doubt it — I expect it to be higher, but it will still be less than 100%. Should L1 also increase capacity? Yes, that would be great too!
We can win together. Building with us is 100 times more fun and 100 times more likely to succeed than trying to tear each other down and compete in a zero-sum manner.
That being said, I do understand how useful it is that you drive us to compete against each other. The more we compete, the less we can focus on working together across multiple layers to build the best possible version of Ethereum. My goal is to make sure that doesn’t happen. To empower each other, stick to the basics, and keep building.”
2. ZKsync Ignite Season 1 has started, and 300 million ZK tokens will be distributed within 9 months
The first season of ZKsync Ignite has been launched, with plans to distribute 300 million ZK tokens within 9 months, aiming to turn ZKsync Era into the liquidity center of Elastic Network. Season 1 will last from January 6 to March 31, during which 100 million ZK tokens will be distributed to DeFi users who provide liquidity in DEX, lending, and Perps, and rewards can be claimed weekly.
3. Optimism releases annual review and outlook: will focus on interoperability and strive to make Superchain the best DeFi platform
Ethereum Layer 2 network Optimism released a review of 2024:
Superchain, built on the OP Stack, has grown significantly, with nearly 50% of L2 transactions on Ethereum now powered by the Superchain ecosystem;
The launch of permissionless fault proofs paves the way for OP Stack Chains to achieve the first phase of decentralization;
Improved interoperability;
Optimism strengthened support for ERC-7683 and developed ERC-7802;
Optimism Collective continues to innovate on scalable Ethereum;
Through two airdrops, over 20 million OPs were distributed to users who created meaningful impact;
Four major events drove user engagement, with over 3.3 million OP distributed to winners.
At the same time, Optimism made a forecast for 2025. The focus in the coming year will be on interoperability, and it is committed to making Superchain the best DeFi platform and attracting more developers through developer tools.
It is reported that Optimism aims to make it a simpler and more valuable platform for building and bootstrapping applications through comprehensive development tools, and to unite Ethereum through interoperability and other means.
4. Arbitrum Foundation issues largest developer grant ever to South Korean giant Lotte
According to CoinDesk, Offchain Labs, the developer behind Arbitrum, announced at the CES 2025 conference that the Arbitrum Foundation has issued the largest developer grant ever to the South Korean Lotte Group. Lotte Group is a multi-billion dollar South Korean conglomerate known for its shopping malls, media companies and entertainment asset portfolios. A representative of the company declined to disclose the specific amount of the grant "at this stage." According to Offchain Labs, the grant consolidates Arbitrum's position as the main blockchain infrastructure provider for Lotte's metaverse gaming platform Caliverse.
Solana Ecosystem
1. Data: Solana’s 24-hour DEX transaction volume exceeds the sum of Ethereum and Base
DefiLlama data shows that the 24-hour DEX transaction volume on the Solana chain has exceeded the sum of Ethereum and Base. In the past 24 hours, the daily transaction volume of DEX based on Solana reached 3.982 billion US dollars, while the daily transaction volume of DEX based on Ethereum was 1.706 billion US dollars, and the daily transaction volume of DEX on Ethereum Layer2 network Base was 1.207 billion US dollars.
2. Solana Foundation proposes to add Accounts Lattice Hash to improve efficiency and security
The Solana Foundation has launched the SIMD-0215 proposal, which aims to scale Solana’s infrastructure to billions of user accounts. This proposal adds a new hash, the “Accounts Lattice Hash”.
According to the introduction, "Accounts Lattice Hash" uses homomorphic hashing to maintain the hash of the entire account state, which is both fast to update and very secure, enabling:
(1) Each block contains the hashes of all accounts, not just the accounts that were changed in that block, and
(2) Delete the Epoch Accounts Hash.
3. Solayer 2025 Roadmap: Solayer InfiniSVM, a hardware-accelerated SVM blockchain, will be launched
Solana's re-staking platform Solayer released its 2025 roadmap and will launch the hardware-accelerated SVM blockchain Solayer InfiniSVM. The network will achieve an infinitely scalable multi-execution cluster architecture through SDN and RDMA technology to achieve a network speed of 100 Gbps while maintaining the consistency of atomic state.
Solayer InfiniSVM is designed to solve the problems caused by Solana network bandwidth consuming nearly 0.8Gbps per validator, such as validator propagation failure, connection dropouts, and consensus destruction. In addition, the blockchain will adopt a hybrid proof of authority and stake consensus mechanism.
4. Solana Mobile’s second phone, Solana Seeker, is expected to be launched in mid-2025
The second phone developed by Solana Mobile, the Solana Seeker, is expected to be launched in mid-2025. As of October last year, Solana Mobile General Manager Emmett Hollyer said that the Seeker, which costs $500, has received 145,000 reservations.
In addition, Jito's team members said that its re-mortgage platform is expected to be launched in about a month.
5. Jambo announced that it will launch Token J on the Solana chain in January, with a total supply of 1 billion
Web3 mobile infrastructure provider Jambo announced that it will launch the J token on the Solana chain in January with a total supply of 1 billion.
Jambo said $J will be the core of its mobile ecosystem, which aims to provide cryptocurrency solutions to the 3 billion people around the world who lack smartphones.
6. Bitcoin miner GoMining announces expansion to Solana
GoMining, which offers retail users a way to earn Bitcoin rewards by tokenizing actual Bitcoin mining power, is expanding to Solana.
The company said on Tuesday that its platform GOMINING utility token is expected to be added to the Solana ecosystem before the launch of NFTs on Magic Eden later this month, and will also be traded on the Solana DEX as the SPL token.
