Crypto Assets Market Weekly Overview

This week, the Crypto Assets market continues to show a strong upward trend, with several indicators reaching new highs.

Layer 2 Development

Last week, major Layer 2 projects achieved positive growth, with Starknet showing the most significant increase at 15.67%. The total locked value of protocols like JOJO, VaultCraft, Basemax, XY Finance, and Nostra reached (TVL), which was particularly impressive.

Liquid Staking Derivatives ( LSD ) Industry Overview

The deposit volume of Ethereum and the total exit volume have both increased, but the growth rate of the exit volume is larger, reaching 2.88%. In terms of market share, mainstream LSD tokens have generally achieved significant growth, with wstETH showing the largest increase at 16.28%.

Real World Assets ( RWA ) Industry Overview

Last week, the market capitalization of RWA increased by 13.85%, and the 24-hour trading volume grew by 43.93%. The tokenized treasury of RWA rose by 1.6%, and the value of tokenized U.S. Treasury bonds increased by 0.08%. Tokens such as DEXTF, LMR, and BST performed outstandingly, while tokens like BRTR, LNDX, and SOB experienced significant declines.

Macroeconomic Market Overview

The S&P 500 index and the Nasdaq index rose by 1.33% and 2.06%, respectively. In the coming week, attention should be paid to important economic data and events such as the services PMI, non-manufacturing PMI, ADP employment data, and the Bank of Canada's interest rate decision.

Major Market Events

Bitcoin has risen by 44% this month, marking the largest monthly increase in three years. Several analysts believe that despite the price nearing historical highs, this round of the bull market has not yet peaked. Following the launch of the U.S. spot Bitcoin ETF, market demand has stabilized and is accelerating. Approximately 75% of Bitcoin supply is controlled by long-term holders, and there has not yet been a large-scale sell-off.

Emerging Protocols Worth Paying Attention To

OpSec is a decentralized physical infrastructure network utilizing AI technology ( DePIN ) cloud computing platform. The platform aims to address the issues brought by the centralization of traditional internet infrastructure and provides a secure, efficient, and decentralized cloud service experience for Web3 users and developers. OpSec mainly offers three major solutions: Cloudverse, Network, and CloudSec, covering various aspects such as node deployment, VPS, GPU computing, and Layer 1 networks.

OpSec has established partnerships with several well-known blockchain networks, including Bittensor, Venom, Taiko, and Optimism. The project's native coin $OPSEC will be used for network staking, transaction fee payments, and governance voting.

As one of the representative projects in the AI + DePIN field, OpSec is expected to secure a place in the rapidly growing decentralized infrastructure market. The project is actively expanding its business scope and influence, recently launching the V2 test version and sponsoring the Eth Denver conference.

Important Investment Events This Week

• Octav raised $4 million in funding; the project is a free, anonymous DeFi data analysis platform.
• BounceBit raised $6 million in funding and is a native BTC staking chain.
• READYgg raised $4 million in funding, dedicated to building social gaming infrastructure for the Web3 creator economy.

Important Industry Dynamics

• The Nigerian government demands Binance to compensate 10 billion dollars.
• BlackRock's Bitcoin Spot ETF size exceeds 10 billion USD
• The Bank for International Settlements has released global stablecoin regulatory recommendations.
• The total locked value of decentralized lending has surpassed 30 billion USD for the first time since mid-2022, with a TVL of (.
• Attorneys General from 8 states in the US challenge the SEC regarding the Kraken lawsuit.

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This week, the Crypto Assets market continued its strong upward trend, with Bitcoin recording its largest monthly increase in nearly three years. Subfields such as Layer 2, LSD, and RWA are all showing good development momentum. Emerging projects and investment events are frequent, and industry regulation is continuously improving. In the coming week, it is essential to keep an eye on the potential impact of important economic data and policy trends on the market.