Crypto Assets Market Weekly Report

Market Overview

Main Trend

• The market sentiment index has dropped from 91% to 53%, remaining in the greed zone, but market differentiation has intensified.
• USDT and USDC market values both increased, and the total TVL of DeFi continues to rise to 54.1 billion USD, with new funds continuously flowing in.
• The DeFi sector leads the market with a weekly return rate of 16.47%, and DEX trading volume has reached a new high for 2024.
• The Meme coin market is active, bringing new liquidity and user growth points to the market.
• DEX projects receive the highest attention, with market hotspots concentrating on infrastructure and liquidity tracks.
• It is recommended that investors remain cautious and focus on opportunities in re-staking projects and the DEX sector.

Market Sentiment Index Analysis

• The market sentiment index has dropped from 91% to 53%, still remaining in the bullish range.
• Altcoins performed worse than the benchmark index, showing a fluctuating downward trend.
• Approximately $2 billion positions forcibly liquidated, significant deleveraging of long positions.
• Altcoin is expected to move in sync with the benchmark index in the short term, with a low probability of independent market trends.

Overall Market Trend

• The Crypto Assets market is in a wide range oscillation trend, and the sentiment is still in the bullish phase.
• Defi projects have performed outstandingly, and the market continues to focus on enhancing basic yields.
• DEX projects performed well, and on-chain investment activities are active.
• The meme track has regained market attention.

Hot Tracks

DEX

This week, the trading volume in the DEX track surged, and the TVL increased significantly:

• TVL increased from 25.22B to 26.58B, a growth of 5.39%
• Weekly trading volume reached $63 billion, setting a new high for 2024.
• 24-hour trading volume reached $7.58 billion

The DEX sector is showing a trend of upgrading its business model, transitioning from a single trading function to a comprehensive financial infrastructure.

SUI

Sui ecosystem performed strongly this week:

• SUI price increased by 7.8%, outperforming BTC and ETH.
• TVL increased from 1.598B to 1.793B, a growth of 12.88%
• The total number of users increased by 2.18 million, reaching 66.54 million.
• DEX daily trading volume of 466 million USD
• The TVL of ecological projects has generally increased.

DeFi Track

Top 5 TVL Growth Rankings ###

1. Synthetix (SNX): 87.69%
2. Babylon: 67.32%
3. Usual Money: 53.61%
4. BounceBit: 50.31%
5. Equilibria: 40.27%

Overall Performance of the Track

• The market capitalization of USDT and USDC is steadily growing.
• Total DeFi TVL increased to 54.1 billion USD, weekly increase of 1.69%
• The on-chain arbitrage profit space has expanded, and the protocol's endogenous yield has improved.

Performance in Other Tracks

Top 5 increase in TVL of public chains

1. Hyperliquid: 21.23%
2. Sui: 14.45%
3. Algorand: 10.99%
4. PulseChain: 7.33%
5. Bitcoin: 6.99%

The top 50 tokens by price increase ( are non-Meme coins )

1. USUAL: 98.57%
2. BGB: 95.01%
3. SUSHI: 65.77%
4. ORCA: 48.16%
5. ACX: 45.88%

Top 5 Meme Tokens by Growth

1. FARTCOIN: 187.53%
2. BABYDOGE: 117.03%
3. WOLF: 74.42%
4. TURBO: 52.45%
5. DOG: 40.57%

Social Media Hotspots

DEX projects are receiving the highest attention and generally show an upward trend.

Overall Market Theme Overview

The weekly return rate of the DeFi track is 16.47%, the best performance; the AI track is -7.24%, the worst performance.

Outlook for Next Week

• Pay attention to the Federal Reserve's interest rate meeting and economic outlook summary
• Re-staking and DEX projects in the DeFi space are likely to continue benefiting.
• The AI Agent track remains highly focused.
• It is recommended to remain cautious, focusing on the hedging properties of BTC and ETH, and laying out quality DeFi projects.