Hot projects + Market overview

I. Mainstream exchange news

• Bitget has obtained the Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. Meanwhile, Bitget has launched the VANA/USDT perpetual contracts.
• Binance has launched the VANA/USDT and MOCA/USDT perpetual contracts with up to 75x leverage. Binance also listed the Simon's Cat (CAT) and Pudgy Penguins (PENGU) tokens in its HODLer Airdrop program.
• Bybit has launched the VANA/USDT perpetual contracts with up to 75x leverage and listed the LUNAI/USDT and STREAM/USDT spot trading pairs.

II. Mainstream projects and trending events

• PENGU tokens will be available for claims on December 18.
• FTX has announced that its Court-approved Chapter 11 reorganization plan will become effective on January 3, 2025.
• Microstrategy has bought 15,350 Bitcoins for approximately $1.5 billion.
• US Ethereum spot ETFs had a net inflow of $855 million from December 9 to 13, reaching a historical weekly net inflow high.
• Big Pharmai (DRUGS), a DeSci token focused on the pharmaceutical and biotechnology sectors, has hit a $50 million market cap.
• Hong Kong-listed company Jingji Financial International has established an investment committee and will invest in cryptocurrencies.
• Ether.Fi DAO, a decentralized, non-custodial staking and restaking platform, has released a proposal to allocate 5% of protocol revenue to repurchase ETHFI tokens and distribute them as rewards to ETHFI stakers
• Ethena Labs, a decentralized protocol built on Ethereum, has launched its new stablecoin product, USDtb, which BlackRock BUIDL supports.
• The official Chinese community for the Solana ecosystem, Solar, will partner with HackQuest, a Web3 developer education community, to launch Solaries Accelerator, which will target Chinese-speaking communities.
• Bitcoin staking platform Solv Protocol has announced that its token $SOLV will be listed on Hyperliquid, a high-performance layer 1 blockchain.

III. Funding news

• Global asset manager VanEck's Digital Asset Alpha Fund and VanEck Ventures have invested $2.5 million in the DePIN project Dawn.
• Decentralized perpetual contract exchange Infinex has acquired Keypom, a NEAR protocol ecosystem project, to lower the barrier to entry for crypto users.

IV. Regulatory news

• The UK Financial Conduct Authority (FCA) has announced plans to ban public cryptocurrency offerings and prevent unregistered cryptocurrency companies from dealing with UK customers. However, this ban would not apply to trading platforms or products that meet certain exemption criteria.
• Zheng Enfu, chairman of the Korea Exchange (KRX), said South Korea should incorporate cryptocurrencies into the financial system as soon as possible to overcome regulatory barriers and maintain international competitiveness.

V. Popular projects

Market Overview

Bitcoin hit a new high of $107,793 with its market dominance rising to 57.9%.

At this stage, altcoins are expected to see a broader rebound only after Bitcoin stabilizes at new highs. In the short term, market funds are likely to continue flowing into Bitcoin.

Currently, the TOTAL3 index, which gauges the performance of altcoins, has fallen to $1.06 trillion, with altcoins expected to experience narrow fluctuations in the near term.

TMAI: AI analyst on Base

Token Metrics is a cryptocurrency investment research firm that leverages AI, machine learning, and data science, supported by quantitative traders and native crypto researchers.

It provides real-time insights for over 6,000 cryptocurrency and NFT projects.

The current market cap of TMAI is $43.94 million.

AAAHHM: High-popularity TikTok meme

AAAHHM gained viral attention due to the unique sound of plankton, with its catchy noise paired with bacteria-like imagery driving its popularity.

The meme has garnered 32,000 followers on TikTok and received 404,000 likes on its videos.

Currently, the AAAHHM token's market cap is $48.15 million.

WOULD: Musk concept meme

On November 24, Musk tweeted his approval of this meme, leading to a significant surge in its popularity and a price increase of over 21 times.

The WOULD token's liquidity on-chain is currently $1.3 million, with a market cap of $46.38 million. 

REI: AI project on Base ecosystem

Unit 00 is an AI project on the Base ecosystem, enhancing REI with three key products: Oracle Bridge, ERCData, and Memory Systems. These products expand blockchain functionality while maintaining its core features.

REI is the ecosystem token for both the REI network and Unit 00. It controls access to SDKs/APIs and enables future deployment of user-created agents.

Currently, the REI token's market cap is $46.52 million.

MPL: RWA Ecosystem Project

Maple is an on-chain institutional capital market offering under-collateralized loans to institutions and fixed-income opportunities for lenders. Its TVL is $548 million, with $5.38 billion in loans issued.

On November 13, Maple launched the SYRUP token, allowing MPL to be converted into SYRUP for extra staking rewards. Two governance proposals were released on December 17, including a conversion deadline of April 30, 2025, and a future restriction on governance participation to stSYRUP holders.

Currently, the MPL token has reached a market cap of $105 million.

On-chain daily

1. SUPRSUPR is an AI memecoin on Solana, centered around the concept of a "meme super cycle" beginning, with $SUPR as the leader. It previously went viral through a TikTok livestream.

• Number of Token Holders: 2,643
• Current Price: $0.0054
• Market Cap: $5.4M
• Official Twitter: https://x.com/MemeSuprCycle
• Trade Board: https://dexscreener.com/solana/dxf6gg5creerd3eo8i79bthphmj6ravmtfe8w5dgj6la

2. SSSS is a memecoin on the Solana ecosystem with a unique and bizarre narrative. The account’s concept involves collecting strands of hair from a cohabiting girlfriend and gluing them to a bald mannequin head until it grows a full set of hair.

• Number of Token Holders: 4,592
• Current Price: $0.008
• Market Cap: $8M
• Official Twitter: https://x.com/stevestyro
• Trade Board: https://dexscreener.com/solana/6lszaramtbp2zdjtp5kvji3guqw3lzxlhphnpchn4fkf

3. JeffJeff is a memecoin on the Hyperliquid chain inspired by its founder, @chameleon_jeff.

• Current Price: $38.4
• Market Cap: $38.4M
• Official Twitter: https://x.com/JHyperliquid
• Trade Board: https://app.hyperliquid.xyz/trade/0xfcf28885456bf7e7cbe5b7a25407c5bc

4. CATBALCATBAL is a memecoin on the Hyperliquid chain that combines the themes of "Cat" and "Cabal" (a word referencing conspiracies or secretive groups).

• Current Price: $40
• Market Cap: $40M
• Official Twitter: https://x.com/CatCabal_hl
• Trade Board: https://dexscreener.com/hyperliquid/0x5a28df8ba6ad9e0099cd7da8f081c162

5. BENJIBENJI is a memecoin on Base that represents the Basenji dog breed, cleverly aligning with the Base ecosystem theme.

• Number of Token Holders: 42,324
• Current Price: $0.0535
• Market Cap: $53.5M
• Official Twitter: https://x.com/basenjiofficial
• Trade Board: https://dexscreener.com/base/0x16905890a1d02b6f824387419319bf4188b961b0

6. WAGMIWAGMI is an AI Agent token on the Hyperliquid chain designed as a virtual idol. Users can interact and chat with WAGMI in real time through its website.

• Current Price: $0.0125
• Market Cap: $4.6M
• Official Twitter: https://x.com/wagmi_hl
• Trade Board: https://dexscreener.com/hyperliquid/0xb6e44b45205415a0972f7e594a4b8613

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

• The current BTC transaction fee is 4 satoshis/byte.
• The price trend remains consistently low.

Fractal Bitcoin Gas Fee Update:

• Transaction fees have significantly decreased to 41 satoshis/byte.
• Gas fees have fallen by about 50% compared to yesterday.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $35.35
• 24-Hour Change: -1.59%
• Market Cap: $742.24 million

DOG:

• Current Price: $0.0091
• 24-Hour Change: -3.29%
• Market Cap: $909.47 million

FB:

• Current Price: $4.48
• 24-Hour Change: -5.48%
• Market Cap: $37.11 million

Today's Popular Projects:

Unisat: Originally a service provider focused on minting services.

• Current Market Cap: $923.76K
• 24-Hour Trading Volume: $3.09K
• 24-Hour Change: -21.87%
• Number of Holders: 520,371

𝛑: One of the leading inscription projects with a large and active community.

• Current Market Cap: $566.88 million
• 24-Hour Trading Volume: $1.34 million
• 24-Hour Change: +1.53%
• Number of Holders: 51,210

DOG•GO•TO•THE•MOON: Abbreviated as DOG, based on the concept of dogs and a leading rune.

• Current Market Cap: $953.07 million
• 24-Hour Trading Volume: $648.92K
• 24-Hour Change: +1.08%
• Number of Holders: 99,143

Performances of today's top three tracks

RWA: Overall Daily Sector Change: +4.80%

1. MGT: Moongate is developing an attention asset protocol for real-world activation. It transforms consumers' real-world assets and experiences into on-chain achievements for exclusive rewards, access, and community. Moongate was previously an NFT ticketing and membership platform.

• Daily Increase: +33.17%
• Current Price: $0.0273
• Market Cap: $4.36M
• 24-Hour Trading Volume: $1.41M
• Recent Updates: Moongate launched its native token, MGT, on November 28.

2. MPL: Maple is an on-chain institutional capital market providing under-collateralized loans to institutional borrowers, offering fixed income opportunities for lenders. The protocol is governed by the Maple token (MPL), which enables token holders to participate in governance, share fee revenues, and provide equity insurance to lending pools.

• Daily Increase: +13.88%
• Current Price: $21.09
• Market Cap: $100.98M
• 24-Hour Trading Volume: $6.53M

3. ONDO: Ondo Finance is focused on enhancing the safety, efficiency, and accessibility of financial services with institutional-grade on-chain products. Ondo has a technology department specializing in on-chain financial software and an asset management division for creating and managing tokenized products.

• Daily Increase: +10.18%
• Current Price: $2.0194
• Market Cap: $2.9B
• 24-Hour Trading Volume: $960.05M
• Recent Updates: Trump's crypto project address purchased 134,000 ONDO tokens worth approximately $250,000 on December 16.

AI: Overall Daily Sector Change: +3.84%

1. VANA: Vana is an AI identity generation app that allows users to create a digital persona, which can be used across different applications while maintaining privacy. The persona is controlled only by the user and their authorized accounts.

• Daily Increase: +3196.30%
• Current Price: $32.963
• Market Cap: $1.98B
• 24-Hour Trading Volume: $991.66M
• Recent Updates: Vana mainnet officially launched, and the airdrop snapshot was completed on December 13.

2. GAME: GAME is an AI agent framework token on Base, created by Virtuals Protocol. GAME can autonomously operate, process inputs, and generate responses while learning from past interactions.

• Daily Increase: +31.23%
• Current Price: $0.09608
• Market Cap: $122.06M
• 24-Hour Trading Volume: $1.5M

3. LUNA: LUNA is a virtual AI influencer developed by Virtuals. It has gained over 500K followers on TikTok and can interact seamlessly across multiple environments.

• Daily Increase: +27.77%
• Current Price: $0.1102
• Market Cap: $110.2M
• 24-Hour Trading Volume: $7.37M

DeFi: Overall Daily Sector Change: +3.63%

1. ZKL: zkLink is a multi-chain L2 network centered around trading, offering unified liquidity protected by ZK-Rollups. dApps built on the zkLink L2 network benefit from seamless multi-chain liquidity, providing fast deployment solutions for decentralized and non-custodial order books, AMMs, derivatives, and NFT exchanges.

• Daily Increase: +32.12%
• Current Price: $0.21332
• Market Cap: $40.98M
• 24-Hour Trading Volume: $22.1M
• Recent Updates: zkLink delayed its token allocation plan by six months, affecting 40.5% of the total supply on October 24.

2. HYPE: Hyperliquid is a high-performance L1 platform. Its vision is to create a fully on-chain open financial system where user-built applications connect with high-performance native components, without compromising the end-user experience.

• Daily Increase: +24.76%
• Current Price: $28.468
• Market Cap: $9.51B
• 24-Hour Trading Volume: $356.51M
• Recent Updates: Hyperliquid airdrop launched, with a total supply of 1 billion HYPE tokens on November 27.

3. EIGEN: EigenLayer is a protocol built on Ethereum that introduces the concept of restaking, a new primitive in crypto-economic security. This allows for the restaking of $ETH on the consensus layer.

• Daily Increase: +17.76%
• Current Price: $5.557
• Market Cap: $1.17B
• 24-Hour Trading Volume: $318.15M

📅 2024/12/17 On-chain daily  

📈 Hot projects：  

🔹 SUPR (Solana)  An AI memecoin on Solana, centered around the concept of a "meme super cycle" beginning, with $SUPR as the leader.   Official Twitter | Trade Board

🔹 SS (Solana)  A memecoin on the Solana ecosystem with a unique and bizarre narrative. The account’s concept involves collecting strands of hair from a cohabiting girlfriend and gluing them to a bald mannequin head.   Official Twitter | Trade Board   

🔹 Jeff (Hyperliquid) A  memecoin on the Hyperliquid chain inspired by its founder, @chameleon_jeff.  Official Twitter | Trade Board

🔹CATBAL (Hyperliquid) A memecoin on the Hyperliquid chain that combines the themes of "Cat" and "Cabal" (a word referencing conspiracies or secretive groups).  Official Twitter | Trade Board 

🔹BENJI (Base)  A memecoin on Base that represents the Basenji dog breed, cleverly aligning with the Base ecosystem theme.  Official Twitter | Trade Board 

🔹WAGMI (Hyperliquid)  An AI Agent token on the Hyperliquid chain designed as a virtual idol. Users can interact and chat with WAGMI in real time through its website. Official Twitter | Trade Board  

📈 Bitcoin ecosystem overview  

Gas Fee： The current BTC transaction fee is 4 satoshis/byte. The price trend remains consistently low.  

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:  

🌙 ORDI Market Cap: $742.24M  

🐕 DOG Market Cap: $909.47M 

🐾 FB Market Cap: $37.11M  

📊 Performances of today's top three tracks

1️⃣ RWA  Overall Daily Sector Change:  4.80%  Representative projects: MGT, MPL, ONDO 

2️⃣ AI Overall Daily Sector Change:  3.84%  Representative projects: VANA,GAME, LUNA  

3️⃣ DeFi Overall Daily Sector Change:  3.63%  Representative projects: ZKL, HYPE, EIGEN

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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