ETH, which has been underperforming since the beginning of the year, saw a strong rebound last week. Continuing this week, on December 5, Ethereum's price briefly broke through $3900, and the ETH to BTC exchange rate rebounded by over 10% during the week.
As ETH warms up, ecological projects are experiencing explosive growth, leading all ALT tokens. Which assets belong to 'Ethereum Beta' and are worth paying attention to?
DeFi sector
CRV
The DeFi sector rose nearly 20% last week, with Curve DAO token CRV leading the way. Curve serves as the DeFi infrastructure, DeFi is the core use case of blockchain, and institutions are rushing to enter.
CVX
CVX is the largest holder of tokens like CRV and FXS, holding the yield rights of the corresponding protocols. As the prices of the underlying tokens increase, the intrinsic value of CVX also rises.
RSR
RSR itself is a stablecoin concept, but its primary market driving force for the increase was Trump's nomination of Paul Atkins as the new SEC chairman. Paul Atkins also serves as an advisor to the RSR token, which led to a significant increase in RSR after the news was released, with a 24-hour increase of over 100%.
FXS
Frax Finance is the second largest holder of CVX. It also has an L2 chain called Fraxtal, a stablecoin product FRAX, a dual-token model staking product (sfrxETH, frxETH), lending products... it has everything. Frax has the opportunity to create a self-sufficient DeFi ecosystem. The ultimate form is a decentralized on-chain central bank (which is still a long way off).
RWA sector
OM
OM is a Layer 1 public chain focused on compliant RWA built using the Cosmos SDK. As an established coin listed on Binance, it surged over 150 times last year.
ONDO
Although the TVL and the data used by the product USDY are not impressive, ONDO has already established itself as the leading RWA player by 'winning over people with gains.' The FDV at the billion level has surged over 60% weekly.
Layer 2 sector
The Layer 2 sector averaged over 17% increase last week, with leading large-cap projects like POL and ARB showing significant gains. Among them, Arbitrum's TVL broke through $20 billion, hitting a new high, and Mantle's TVL also exceeded $2.1 billion, reaching a new high.
It is worth noting that the Stacks token STX is a Layer 2 (smart contract layer) token on Bitcoin, with a growth trend comparable to Ethereum Layer 2.
GameFi and Metaverse sectors
The 'Metaverse' concept also warmed up last week, with top projects like SAND, AXS, and MANA showing impressive gains.
In the Layer 2 sector, the Immutable token IMX saw an increase of over 20% during the week, reflecting the recovery of the GameFi track alongside ILV, which also rose over 22%.
The current crypto market is experiencing an unprecedented bull market. This time, altcoins are performing more brilliantly than ever, from BNB to XRP, Ethereum, and many other projects. The entire market is undergoing a profound transformation. Led by Bitcoin, altcoins are taking over and starting a surge that belongs to them.
This is not just a reallocation of capital, but a reshaping of the crypto market landscape. In the coming years, we will witness the rise of more altcoins, and their technological innovations, market applications, and institutional support will bring unprecedented growth to the crypto market. For us, this is a golden era full of opportunities; seizing this wave of rampant bull market may become a turning point for wealth. Moreover, this may be the last wave of the retail investors' crazy bull market.
BTC reaches a historical high, and the alt season could start at any time.
The final breakthrough in price requires external conditions to stimulate it. Continuous capital inflow is the material support for the bull market. After BTC breaks the $100,000 mark, the alt season will gradually open. Once the alt season opens, the market will gradually show: 1. ETH breaks historical highs; 2. The market rises broadly; 3. The main trends in the market are gradually recognized.$ETH