Gate Research Institute: Stablecoin total Market Cap breaks through the $200 billion mark, Ethena teams up with Berachain to launch pre-deposit Vaults

Summary

  • BTC price fell by 1.63%. The recent trend has shown a clear downward trend, with the price falling after touching the downtrend line. During this period, the highest price reached 95,300.0 USD and the lowest price dropped to 93,013.7 USD.
  • ETH price edged down 0.48%, and the recent price action has generally remained in a volatile range, hitting a high of $3,413.19 and a low of $3,326.53.
  • The total market capitalization of stablecoins crossed the $200 billion mark, and USDT continued to dominate the market.
  • The TVL of the custody token pool has exceeded $1.1 billion, and the ecological activity continues to increase.
  • Ethena teams up with Berachain to launch pre-deposit Vaults, initiating a new ecological reward model.
  • Sophon mainnet has launched the second phase of mining, optimizing reward mechanisms to promote ecosystem development.

Market Review

According to the Gate.io market data, as of 2:00 on December 30th (UTC+0) [1]:

BTC – BTC price is down 1.63% over the last 24 hours. It hit a high of $99,958.3 last week and a low of $92,519.9. The recent trend has shown a clear downward trend, with the price retreating after hitting the descending trend line and failing to break through the upper resistance zone. For now, the price is temporarily finding support around $93,000. Volume shows a certain level of activity, especially when the price is close to the support level, reflecting a large divergence between the bulls and bears. On the technical side, the MACD indicator shows a gradual weakening of downward momentum, but there is no obvious signal of a rebound yet. Notably, the BTC price continues to look for a bottom and is currently finding temporary support near $93,000. 【2】

ETH – ETH price has edged down 0.48% over the past 24 hours, hitting a high of $3,546.83 from last week and a low of $3,269.59. Recently, the price action has generally remained in a volatile range, fluctuating back and forth between the pressure zone of about $3,430 and the support zone of $3,300, forming a box structure. The volume display is amplified as the price approaches the range boundary, showing the market's focus on these key levels. From the point of view of technical indicators, the MACD kinetic energy column has gradually shortened from negative value, indicating that the downward momentum has weakened. In contrast, the price performance of ETH is significantly stronger than that of BTC, showing better stability in shocks. 【3】

  • ETF – According to SoSoValue data, the total net outflow of US Bitcoin spot ETF was $297 million, and the total net inflow of US Ethereum spot ETF was $47.77 million on December 27. 【4】
  • Shanzhai Coin - Virtuals Protocol Ecosystem, AI Agent Launchpad, AI Agents and other sectors have changed by +4.7%, +3.5%, +1.3% respectively.【5】
  • US three major indices - The S&P 500 index fell 1.11%, the Dow Jones index fell 0.77%, and the Nasdaq index fell 1.36%.【6】
  • Spot Gold - The spot gold price is at $2,622.81 per ounce, with a daily increase of 0.11%.【7】
  • Fear and Greed Index — The Fear and Greed Index has dropped to 65, indicating a decrease in the level of market greediness. [8]

Popular Tokens

According to the market data from Gate.io [9], combined with the trading volume and price performance in the past 24 hours, the following popular altcoins are:

!

**INSN (INDUSTRY SONIC) – UP ABOUT 47.71% IN A SINGLE DAY, WITH A CIRCULATING MARKET CAPITALIZATION OF $142 MILLION. ** Industry Sonic is a project aimed at leasing virtual GPUs and providing more AI services. The platform facilitates the easy creation and monetization of AI agents in a plug-and-play manner, enhancing the integrity and availability of data in blockchain applications.【10】

$INSN The main reason for the recent rise is the launch of Gate Startup activity on Gate.io, which has attracted wide attention from the market and a large number of users, boosting the market heat and liquidity of the token, further strengthening investor confidence. As an innovative project aimed at improving the efficiency of distributed application data flow, Industry Sonic provides continuous node health monitoring and regular performance optimization updates, highlighting its practicality and technical prospects.

ZEREBRO (Zerebro) —— Daily increase of approximately 37.05%, with a circulating market value of 410 million US dollars. Zerebro is an artificial intelligence agent that can operate autonomously, post on social media, perform blockchain operations, generate artworks, create music, and continuously adapt to past experiences. 【11】

$ZEREBRO's recent rise can be attributed to the market narrative of AI Agent and its founder's indication on X that the project is under construction and will be launched in early 2025, which has sparked market expectations. Zentients enables users to create and develop agents through intuitive UI/UX design, while driving token price growth by returning value to $ZEREBRO.

**AGLD (Adventure Gold) – up approximately 34.35% in a single day, with a market cap of $184 million in circulation. ** AGLD is a token focused on the decentralized gaming field, which combines NFT and community governance to open up new paths for decentralized gaming and the Web3 ecosystem. It is both a complement to the Loot project and an important part of the Web3 community, with multiple potentials for governance and in-game economy.[12]

The recent rise of AGLD is mainly due to the increase in popularity of NFTs and decentralized gaming markets, especially as the native token of the Loot NFT project. Its value in community governance and in-game economy has been reevaluated, and the market's expectations for gaming projects built on Loot have also increased investors' interest in AGLD.

Highlights Data

Stablecoin market cap hits a new high, USDT continues to dominate the market The total market value of stablecoins has exceeded $200 billion, reaching a new historical high, with a growth rate of 0.46% in the past week. From the annual trend, the stablecoin market has shown a continuous and steady growth trend, indicating a continuous increase in market demand for stablecoins. Currently, USDT dominates the market with a market share of 67.73%, highlighting its position as the core stablecoin in the market.[13]

As a value-stable cryptocurrency asset, stablecoins provide users with a hedging tool in market fluctuations and also provide important support for liquidity. With more institutions and users entering the cryptocurrency market, the application scenarios of stablecoins in payments, cross-border settlements, and DeFi protocols are expected to further expand, driving the continued growth of the market.

!

Meme Coin market cap drops to $96.08 billion The overall market value of Meme Coin has dropped from its peak of $137.06 billion on December 9th to the current $98.78 billion, a decrease of 38.8% in 3 weeks. This significant decline indicates a major shift in market sentiment towards Meme Coin. Trading volume data also reflects a decrease in market activity, with a trading volume of $24.27 billion on December 9th compared to the current volume of only $6.72 billion, a decrease of 54.59%, reflecting a rapid cooling of investor interest. In particular, the Meme sector usually faces a deeper adjustment when the market experiences a significant pullback. Meme Coin has high volatility, and its fluctuations are usually driven by sentiment and hot events. The recent adjustment may be due to changes in investor risk preferences, profit-taking, and uncertainty in the macro market environment.

The TVL of the managed token pool has exceeded $1.1 billion, and the ecological activity continues to increase The total value locked in the Managed Token Pools has exceeded $1.123 billion. Liquidity pool tokens are awarded to users who provide liquidity in the liquidity pool. These tokens act as receipts, allowing users to recoup their staked amount and interest. In the last 24 hours, transaction fees amounted to $740,000 and revenue was $87,800. The growth of custodial token pools reflects the increasing demand for decentralized financial instruments in the DeFi market, especially with support for multi-chain and modular ecosystems to attract more users and funds. In addition, the performance of high fees and income shows the increase in user activity and the enhanced value creation ability of ecological applications. 【15】

Hot Reviews

IRS Controversial Taxation Rules on DeFi Pose New Regulatory Challenges for the Cryptocurrency Industry The US Internal Revenue Service (IRS) has announced new tax regulations for decentralized financial platforms, requiring certain 'DeFi brokers' to report user transaction information in the same way as traditional securities brokers, including providing users' names and addresses, and submitting Form 1099. This rule applies to 'front-end service providers' that interact directly with users, rather than the decentralized protocol itself. The IRS believes that this rule will help reduce the tax gap and simplify tax compliance processes. However, the crypto industry strongly opposes this, arguing that the decentralized nature of DeFi makes it difficult to implement information collection and reporting mechanisms, and may also infringe on user privacy. Despite industry experts and lobbying groups planning legal action and legislative measures to stop this rule, the rule is scheduled to take effect in 2027.

The IRS's new rules reflect the government's trend of tightening tax regulation in the crypto industry, but it may face significant hurdles in implementation. The decentralized and disintermediary-free nature of DeFi complicates the definition and segregation of responsibilities for a "broker," while mandatory information collection can conflict with privacy principles. Not only could this rule hinder innovation, but it could also push some projects into a gray area. In addition, the strong backlash from the industry and potential legal and legislative challenges suggest that the road to implementation of this rule may not be smooth.

Ethena Teams Up with Berachain to Launch Pre-deposit Vaults, Starting a New Mode of Ecological Rewards Ethena Labs has launched Berachain pre-deposit Vaults, supporting deposits of USDe, sUSDe, USDC, and USDT. Concrete assists in launching the two Vaults. This plan allows users to maintain a USD exposure while earning Berachain rewards and participating in its ecosystem development. After the launch of Berachain mainnet, these Vaults will deploy liquidity to whitelisted protocols within the Berachain ecosystem. In addition, USDe and sUSDe deposits will be eligible for multiple rewards, including Ethena rewards, Concrete points, BERA tokens, and other native ecosystem rewards. This mechanism provides convenience for users to maintain asset stability while participating in ecosystem growth.【17】

Ethena's partnership with Berachain brings an innovative liquidity management and incentive model to users. By supporting stablecoin deposits and offering multiple rewards, Vaults attracts users who value a stable asset allocation while driving the early expansion of the Berachain ecosystem.

Sophon mainnet launches the second phase of mining, optimizing reward mechanism to promote ecological development Sophon, a modular blockchain based on ZKSync, has announced the completion of the migration from Ethereum L1 to the Sophon mainnet for mining. The second phase of mining is now open. In the first phase of mining, SP points were distributed at a fixed rate, resulting in uneven rewards. The second phase has improved the reward distribution mechanism, with SP being issued based on the dollar value of user deposits, ensuring fairness between different pools. In addition, liquidity providers can receive 2x or 3x SP rewards through SyncSwap's LP token pools, while early mining on the mainnet will enjoy zero transaction fees, further reducing the barrier to entry for users. Users who did not participate in the first phase can also directly join the second phase of mining activities.

The second phase of Sophon mainnet mining provides users with a better participation experience through a fairer reward distribution and zero transaction fee strategy, increasing the motivation of users to participate, while promoting the early expansion of the ecosystem. Diversified incentives, such as LP pool reward multipliers, help enhance liquidity and attract more participants, laying the foundation for future growth.

Financing Information

According to RootData data, on December 27, a total of 2 projects were publicly announced to have received financing, with a total financing amount of $8.5 million, and the highest single financing amount reached $7 million, involving infrastructure, AI agency and other fields, the following are the details of financing:[19]

Nodepay - Nodepay has completed a $7 million Series B financing round, with participation from IDG Capital, Mythos, and others. Nodepay is a company dedicated to decentralized AI training and real-time data infrastructure. It builds real-time data pipelines using idle internet bandwidth from global users for AI model training and inference. [20]

Sentient AI —— Sentient AI completes a $1.5 million financing, with the investor temporarily undisclosed. Sentient AI is a company focused on developing advanced artificial intelligence agents with human-like thinking and emotions. Its core product is an AI agent with both high IQ and high EQ, which not only serves as a chatbot and personal assistant, but also generates creative life solutions for users through outstanding critical thinking and empathy, redefining human-machine interaction in the digital age.【21】

Airdrop Opportunity

Sentient AI - Sentient AI is an AI agent with human-like thinking and emotions, capable of providing services for individuals and businesses. It serves as both an intelligent chat assistant and a personal assistant. With exceptional empathy and critical thinking, it can creatively solve problems in life and respond to external demands with empathy and creativity. SETAI's uniqueness lies in its ability to establish a healthy human-machine relationship, diagnose user problems, and provide suggestions, while achieving highly automated and near-zero-error efficient operations in commercial scenarios, such as applications in medical, mathematical, and sales fields. [22]

$SETAI is the core payment tool within the SETAI ecosystem, which can be used to pay for the subscription fees of SETAI Agents services. In addition, $SETAI supports staking, and token holders can earn rewards through staking, such as additional tokens or platform privileges. At the same time, $SETAI tokens give holders the right to participate in platform governance. Holders can vote on key proposals, including feature development, partnerships, and token economic adjustments. Sentient AI airdrops reward SETAI tokens to early users for completing specific tasks and participating in platform activities. Rewards are based on user engagement, including daily logins, social interactions, and community activity. Users accumulate SETAI points through various activities, and these points may be converted into tokens when the project officially launches its tokens.

Participation Method:

  1. Start Sentient AI Telegram Bot.
  2. Receive rewards based on activity and Telegram account age.
  3. Complete the task on X.
  4. Use the referral link to earn extra rewards.

Prompt: The airdrop program and participation methods may be updated from time to time, and users are advised to follow Sentiment AI's official channels for the latest information. At the same time, users should be cautious about participating, be aware of the risks, and do sufficient research before participating. Gate.io There is no guarantee that subsequent airdrop rewards will be distributed.

Reference:

  1. Gate.io, https://www.gate.io/zh/price
  2. Gate.io, https://www.gate.io/trade/BTC_USDT
  3. Gate.io, https://www.gate.io/trade/ETH_USDT
  4. SoSoValue, https://sosovalue.xyz/assets/etf/us-eth-spot
  5. CoinGecko, https://www.coingecko.com/en/categories
  6. Investing, https://investing.com/indices/usa-indices
  7. Investing, https://investing.com/currencies/xau-usd
  8. Gate.io, https://www.gate.io/bigdata/homeindex
  9. Gate.io, https://www.gate.io/price
  10. X,https://x.com/gate_io/status/1872658724348707246
  11. X,https://x.com/jyu_eth/status/1873462146249752915
  12. X, https://x.com/lootproject
  13. DeFiLlama, https://defillama.com/stablecoins
  14. Coinmarketcap, https://coinmarketcap.com/view/memes/
  15. DeFiLlama,https://defillama.com/protocols/managed-token-pools
  16. TheBlock, https://www.theblock.co/post/332496/us-irs-finalizes-controversial-tax-rule-requiring-defi-brokers-to-collect-user-trading-information
  17. X,https://x.com/ethena_labs/status/1873140405375779000
  18. X, https://x.com/sophon/status/1873172127874245060
  19. Rootdata, https://www.rootdata.com/Fundraising
  20. Chainwire, [https://chainwire.org/2024/12/27/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure/] (https://chainwire.org/2024/12/27/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure/ "https://chainwire.org/2024/12/27/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure/")
  21. Decrypt,https://aisentient.net/ "https://decrypt.co/299080/sentient-ai-secures-1-5m-raise-prepares-ai-agent-launchpad-on-sui"
  22. Sentiment AI,https://aisentient.net/

**gate Research Institute** Gate Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

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Last edited on 2025-01-02 08:59:54
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