I have been telling you since the beginning of the year that the DEFI and RWA sectors are explosive sectors. From the approval of the Bitcoin ETF and BlackRock's entry into the RWA sector, I already knew that they were unstoppable.
Many people may still be unfamiliar with RWA. I have attached some related articles I have written before, as follows:
Historical article: Bitcoin surge is coming!
Why did BlackRock invest in RWA? One article to understand the 100-fold opportunity of RWA! The only one on the Internet!
Battle of Wall Street, an overview of RWA's potential projects and early projects!
Bitcoin production reduction, public chain, infrastructure, pledge, RWA, and compliance are the main features of this bull market! Reviewing the three rounds of bull and bear markets in crypto and looking forward to the profit rules of this bull market!
Founder of BITMEX: The real era opportunity of DEFI has arrived!
Bitcoin breaks $80,000! In the Trump era, Bitcoin, Ethereum, and DEFI will usher in epic opportunities!
Major policy benefits for Ethereum are coming! Including SEC regulated concept coins!
Wall Street: Ethereum is the Microsoft of blockchain, its prospects cannot be underestimated!
There are actually many more, so I won’t link them all here. The recent explosion of DEFI is undoubtedly amazing, whether it is CRV, AAVE, UNI, HYPER, ENA, USUAL, etc.! We have talked about this many times before, but if you haven’t experienced the DEFI bull market in 2020, you don’t know what I’m talking about. Because you probably don’t understand DEFI yet, you haven’t gotten started, you are just blindly touching an elephant. This morning, I posted some chat content in the group, so I copied it here and made a simple summary.
DEFI staking data has increased rapidly in the past month. The top currencies are: LDO, AAVE, EIGEN, ETHFI, JUST, UNI, MKR, ENA, PENDLE, BABYLON (Bitcoin ecosystem), JTO, COMP, RPL, etc. The following figure continues.
As long as the pledge amount is large, the increase is fast, such as ENA, USUAL, KYPER, etc. At the same time, the pledge amount of Bitcoin also began to increase, and the data of BB and Babylon increased rapidly. The BB pledge increased by about 3 times.
The volume of EOS is also increasing, but the on-chain data of TON is relatively weak. Other on-chain data can also be seen, but undoubtedly, the current hot spot is the ETH ecosystem. This is also what we said before, ETH will definitely rise. Those who are bearish on Ethereum have only one reason: they evaluate a coin because of the price fluctuation, not because they understand a coin. Therefore, they are laymen, rats crossing the street, and they don’t understand shit.
Of course, here we need to do some popular science. If Ethereum is strong, the Ethereum ecosystem will be strong. Past articles have specifically mentioned this! It’s really a nanny-level teaching in the cryptocurrency circle!
Previous article: Major policy benefits for Ethereum are coming! Including SEC regulated concept coins!
RSR Project Consultant Paul Atkins was elected as the new SEC Chairman, which will bring a hundredfold return to cryptocurrencies! (The most complete compilation)
Of course, when the popularity of Ethereum reaches overheating, other public chain ecosystems will also usher in capital flows, because at that time, the loan interest rate of the Ethereum system will be too high. SOL and the like will also pick up the remaining funds later! However, our point of view is very clear, Bitcoin and Ethereum are assets, and the demand for on-chain liquidity is too large. For other coins, the value storage effect is not strong yet.
Regarding this, I saw it because I believed. We have experienced historical moments and know what will happen next. But you don’t know anything, and you don’t even know that there is such data. Even if you see what I said now, you know every word. But if you put them together, you may still not understand. Regarding RWA, the historical articles are very clear. Because traditional securities, real estate, etc. need to be put on the chain, the scale is very powerful, which is equivalent to Wall Street coming again. If you know the history of Wall Street and US stocks, you will be very sensitive to this. If you don’t know anything, then I won’t spend the effort to teach you. Because I can’t teach you clearly!
In addition, my point of view for this round is also very clear: embrace policies, embrace institutions, and embrace the United States. We have sorted out some tokens related to large institutions, some of which come from Chain Catcher, you can take a look. These coins are basically related to DEFI, RWA, and public chains! The giants still like these and cannot avoid them. After reading this, you will understand why I have been promoting new public chains, DEFI, and RWA!
If this article still doesn’t make you sober, then forget it, you’re out of luck! BlackRock concept leads the rise, counting 18 projects associated with traditional asset management giants!
Original author: flowie, ChainCatcher
Original editor: Nian Qing, ChainCatcher
The most critical driving force behind this bull market that started in 2024 is the traditional financial asset management giants led by BlackRock.
In the recently launched altcoin season, the first to lead the rise are the RWA, payment and other tracks that traditional financial giants have focused on. Among them, the tokens Ondo, CRV, ENA and other tokens closely related to traditional asset management giants such as BlackRock have seen very impressive increases. In the sharp decline of the market on the 10th and 11th, these tokens are also relatively resistant to declines or rebound quickly.
Empowering traditional finance, especially projects supported by traditional financial giants, may be one of the most certain directions in this bull market. ChainCatcher briefly sorted out the relevant projects. (Not including Bitcoin, Ethereum, Solana, XRP encrypted ETFs)
BlackRock
In March this year, BlackRock launched the tokenized fund BUIDL through the compliant tokenization platform Securitize, and its current scale exceeds US$550 million.
Currently, most of BUIDL is still deployed on Ethereum. Last month, BlackRock announced the launch of BUIDL funds on Aptos, Arbitrum, Avalanche, OP and Polygon. The partners or affiliates around BUIDL have performed well recently.
1、Ondo Finance（Ondo）
In addition to its close ties with BlackRock, Ondo Finance also listed Morgan Stanley, Ankura Trust, Clear Street and NAV Consulting as partners in its ecosystem directory announced by X this year.
Most of the core team members of Ondo Finance also come from traditional well-known asset management companies. Its co-founder and CEO Nathan Allman was in charge of the global encrypted digital market in the digital asset department of Goldman Sachs. The other core members of Ondo Finance also come from top asset management companies such as Goldman Sachs, McKinsey, and Bridgewater.
In addition to U.S. Treasuries, Ondo Finance will also launch Ondo Global Markets on February 6, 2025, which will tokenize stocks and bonds on the chain.
2、Curve（CRV）
As a veteran DeFi leader, CRV's recent rise is also related to its cooperation with BlackRock. Curve is an important partner of BlackRock in its entry into DeFi.
On November 30, Curve announced that it had partnered with blockchain network Elixir to expand BlackRock’s tokenized money market fund BUIDL’s access to DeFi. Users will soon be able to use BlackRock BUIDL to mint Elixer’s yield stablecoin deUSD. CRV subsequently rose 60% from $0.5 to $0.8, approaching $1.3 on December 7.
Recently, CurveDAO also launched the interest-bearing stablecoin Savings crvUSD (scrvUSD) to expand new use cases.
3. Athena (ENA)
4、Veil（VEIL）
Fidelity
5、Chainlink（LINK）
Oracle networks are also indispensable for financial institutions to tokenize assets. Chainlink can help institutions link on-chain and off-chain data and unlock some DeFi use cases.
This year, Chainlink has collaborated with a number of traditional asset management and crypto leaders, Web2 giants, and the Trump crypto project.
It is worth mentioning that the Trump family’s crypto project World Liberty recently announced that it will adopt Chainlink’s on-chain data and cross-chain connection standards. In the past 9 hours, World Liberty also purchased more than 40,000 LINK.
As of press time, LINK’s market value exceeded US$18 billion and FDV’s market value exceeded US$28.9 billion.
Morgan
6、Avalanche（Avax）
Avax, the Avalanche token, is also a token that has seen good growth in the recently launched altcoin season. Avax reached a high of $55 last week and has now fallen back to around $50, an increase of more than 37% in the past month. Avax currently has a market value of over $20.5 billion, and FDV is nearly $36 billion.
From the news perspective, the recent rise in Avax may be related to Avalanche's layout and growth in RWA, in addition to the "hype" caused by the founder of Ava Labs hinting that it is in dialogue with the new US government to promote cooperation.
Avalanche has a great advantage in developing RWA, which allows developers or enterprises to create their own independent subnets.
In November, BlackRock announced that Avalanche was one of the multiple public chains it was expanding. Tether announced the launch of Hadron, an asset tokenization platform, and Avalanche was also among the first public chains hosted.
In October, Latin American bank Littio abandoned Ethereum in favor of Avalanche.
In August, Franklin Templeton expanded its tokenized money market fund (FOBXX), which had previously traded on Stellar, Polygon, and Arbitrum, to the Avalanche network.
Earlier this year, Citibank, in partnership with WisdomTree and Wellington Management, also conducted a tokenization proof-of-concept trial for private equity funds on Avalanche’s subnet Spruce. The California Department of Motor Vehicles also digitized the state’s 42 million vehicle ownership certificates on Avalanche.
Franklin Templeton
Franklin Templeton's tokenized fund FOBXX currently has a scale of over US$440 million. It was initially issued on the Stellar blockchain and subsequently expanded to Arbitrum, Polygon, Avalanche, Aptos, Ethereum, and Base.
Franklin Templeton has invested in about 30 crypto projects, including Aptos (APT),
Ethena (ENA), Sui (SUI), Puffer Finance (PUFFER), SHRAPNEL (SHRAP), LayerZero (ZRO), Spectral (SPEC), Arcade (ARC) have 8 issued tokens.
Puffer Finance, Ethena and SHRAPNEL are the projects invested in the past year. The tokens of PUFFER and ENA, the two projects invested this year, have seen the most impressive growth. As mentioned earlier, Ethena has cooperated with BlackRock Tokenization Fund on stablecoins, so I will not elaborate on it.
7、Stellar（XLM）
Stellar is another payment network founded by Ripple co-founder Jed McCaleb. More than half of Franklin Templeton’s tokenized fund FOBXX’s TVL is in Stellar.
8、On（ON）
In addition to investing in Sui, Franklin Templeton also announced a strategic partnership with Sui in November, focusing on supporting Sui ecosystem builders and deploying new technologies using the Sui blockchain protocol.
Sui is currently trading at $4.81, up more than 53% in the past month, with a market value of over $14.1 billion, and FDV of over $48.1 billion.
9、Apartments（APT）
In addition to investments, Franklin Templeton’s tokenized fund FOBXX has now expanded to Aptos.
APT is currently trading at $13.87, with little increase in the past month, reaching a high of over $15. Its market value exceeds $7.4 billion, and its FDV reaches $15.6 billion.
10、Puffer Finance（PUFFER）
Puffer Finance is a liquidity pledge agreement based on EigenLayer. In Puffer Finance's $18 million investment in April this year, Franklin Templeton and Avon Ventures, a venture capital fund associated with Fidelity Investments' parent company, both participated in the investment.
Last week, PUFFER also rose sharply to nearly $1, and now it has fallen back to $0.82, a rise of nearly 130%. Its current market value is more than $84 million, and its FDV is over $820 million.
11、LayerZero（ZRO）
LayerZero, as one of the three cross-chain giants, has also seen a good rise recently. Last week, LayerZero's token ZRO hit a record high, breaking through $7.4, and has now fallen back to $6.98. It has risen by more than 77% in the past month. ZRO has a market value of $760 million and FDV of $6.9 billion.
It is worth noting recently that LayerZero (ZRO) will hold a referendum on December 19 to start the fee conversion.
The LayerZero protocol may charge a fee equal to the total cost of verification and execution of cross-chain messages. If the fee switch is activated through governance, the referendum treasury contract will collect the fees on the local chain and destroy them.
12. SHRAP
13、Spectral（SPEC）
Spectral was originally a machine intelligence network on the Base chain, and is now positioned as a platform to help users implement smart contract AI programming.
14、Arcade（ARC）
Arcade is the GameFi platform that gives the community the opportunity to earn meaningful rewards from a variety of Play-and-Earn metaverse games without having to play the games directly or own in-game NFTs. Franklin Templeton invested in Arcade in 2021, and Pantera Capital, Crypto.com Capital, Solana Ventures, Shima Capital, GSR, LD Capital, KuCoin Labs and other well-known institutions are its early investors.
Earlier this year, Crypto.com Capital, Solana Ventures, Shima Capital, GSR, and KuCoin Labs invested in Arcade again.
ARC is currently trading at $0.038, with a market value of less than $1 million and an FDV of more than $30 million.
VanEck
In addition to the collaboration with Pudgy Penguins, in October this year, VanEck announced the launch of a $30 million venture capital fund to support the development of the encryption and AI industries.
It has also invested in at least 7 crypto projects before, among which GEODNET (GEOD), Parallel (PRIME), and 1inch (1INCH) have already issued tokens.
15、Pudgy Penguins（PENGU）
Last week, Pudgy Penguins, a fat penguin that plans to issue coins in 2024 and has airdrop expectations, also saw its floor price soar to over 27 ETH. Pudgy Penguins also has some connections with VanEck.
16、Parallel （PRIME）
17. GEODNET (GEOD)
18、1inch（1INCH）
WisdomTree
In addition to applying for XRP ETF, WisdomTree has also been actively tokenizing funds and other RWA products recently.
WisdomTree's short-term Treasury digital fund launched in 2022 was also first deployed on Ethereum and Stellar. WisdomTree has also conducted a tokenization proof-of-concept test of private equity funds on the Avalanche subnet Spruce.
Goldman Sachs
Goldman Sachs' layout in the crypto field in 2025 is also worth paying attention to.
Goldman Sachs has previously invested in asset management or infrastructure projects such as Circle, BitGO, Blockdaemon, and Certik.
In addition, we have previously sorted out Grayscale's holdings:
Historical article: OM increased 260 times! Let’s talk about some serious cryptocurrency trading ideas!
In 2020, Grayscale was the first institution on Wall Street to enter the secondary crypto market. They were staking their claim in the new world and made a lot of profit. So the Wall Street tycoons, smelling the blood, came on the scene one after another in this round!
Grayscale has also selected some currencies in the market that they believe have opportunities. Let’s take a look:
There are a total of 7 currencies in the DeFi track, namely: Jupiter (JUP), Ondo Finance (ONDO), Ethena (ENA), Core (CORE), THORChain (RUNE), Aerodrome (AERO), Pendle (PENDLE);
There are 6 currencies in the underlying infrastructure track, namely: Celestia (TIA), Pyth Network (PYTH), Cosmos (ATOM), Akash (AKT), UMA Project (UMA), Neon (NEON);
There are 9 currencies in the Layer 1 track, namely: Toncoin (TON), TRON (TRX), Aptos (APT), Aptos (APT), Injective Protocol (INJ), Internet Computer (ICP), Kaspa (KAS), VeChain (VET), Mantra (OM), Celo (CELO);
There are 8 currencies in the Layer 2 track, namely: Optimism (OP), Arbitrum (ARB), Sei (SEI), Starknet (STRK), Polygon (POL, formerly MATIC), Mantle (MNT), Immutable (IMX), Metis (METIS);
There are 2 currencies in the DePIN track, namely: Arweave (AR) and Helium (HNT);
There are 2 currencies in the AI + track, namely: Fetch.ai (FET) and Worldcoin (WLD);
There is a total of 1 currency in the Meme track: Dogecoin (DOGE).
Of course, I have my own opinions on each token, but I won’t discuss them here, we will do a special topic later!
Okay, that’s it for now, you can think about it carefully!
Okay, I'll just write something today! The market is good, I want to focus on making money! I don't have much time to write articles!
I will explain it in more detail later!
(This is just a sharing of opinions, not investment advice)
