Bitcoin broke through 90,000 USD this week, the DeFi industry welcomes a new transformation.

Decentralized Finance Industry Observation

1. The new President of the United States supports cryptocurrency policies.

The newly elected President of the United States expressed support for cryptocurrency policies, allowing donations in cryptocurrencies such as Bitcoin, and publicly opposed the previous administration's anti-crypto policies. He plans to strengthen support for Bitcoin and the crypto industry after taking office, ensuring that the United States becomes a leading country in crypto and Bitcoin, and announced that the U.S. will retain all national-level Bitcoin reserves.

2. Bitcoin price hits an all-time high

This week, Bitcoin performed strongly, briefly breaking through the 90,000 USD mark, setting a new historical high, and once again refreshing its market capitalization ranking. Since hitting new highs last week, Bitcoin's market capitalization has entered the ranks of the world's ninth largest asset. Market analysis believes that the recent strong rebound of Bitcoin reflects an increasing demand for crypto assets, while also due to the gradually friendly attitude of U.S. policies towards cryptocurrencies, adding momentum to the subsequent price trends.

3. SynFutures launches a new perpetual contract platform

SynFutures has launched a brand new perpetual contract platform, Perp Launchpad, which lowers the entry barriers for the perpetual contract market with its unique "one-stop launcher" model. The platform attracts a large number of on-chain users, especially participants in the Restaking and Meme coin sectors, with its low Gas environment, deep incentives, and efficient liquidity management, and provides a convenient trading pair listing channel for new tokens.

4. The UK pension fund makes its first direct investment in Bitcoin

Recently, a pension fund in the UK made its first direct investment in Bitcoin, becoming the first of its kind in the country, with private keys managed by five independent institutions. The fund allocated 3% of its assets to Bitcoin and plans to launch a Bitcoin employee benefits program. This marks a further expansion of pension fund investments in crypto assets, beyond indirect methods such as ETFs.

5. The changes in EigenLayer advisors have sparked controversy

Members of the Ethereum Foundation have resigned from their advisory roles at EigenLayer, raising community concerns about whether they are profiting from this. This change has also sparked discussions about the neutrality of Ethereum. Although the founder of Ethereum often advocates for technological neutrality, balancing interests in a rapidly evolving ecosystem remains a significant challenge.

6. TON hamster game users plummet, token crashes

The once-popular Telegram game "Hamster Rush" is facing severe challenges. Monthly active users have plummeted from 300 million to 41 million, a decrease of 86%. The game's token $HMSTR also crashed by 76% in just over a month. The development team plans to integrate NFTs as in-game assets in the second quarter, hoping to enhance user engagement.

7. Ethereum launches Mekong testnet

Ethereum has launched the Mekong testnet for the upcoming Pectra upgrade. This testnet includes all proposed Ethereum Improvement Proposals (EIP), focusing on enhancing user experience and network efficiency. Key changes include improving the user experience of cryptocurrency wallets and increasing the maximum staking limit for validators.

8. Solv Protocol promotes Bitcoin staking standardization

Solv Protocol has launched a staking abstraction layer (SAL), providing a unified technical framework for staking, addressing the challenges of Bitcoin staking decentralization and liquidity management. This not only enhances the liquidity of assets but also brings more flexible yield strategies for DeFi users, aiding the Bitcoin staking market in its evolution towards maturity and diversification.

9. UniFi Layer2 Solutions Innovation

Puffer Finance's UniFi Layer2 solution, centered around Based Rollup + native AVS verification system, creates a new generation of Layer2 architecture. This Rollup As A Service (RAAS) model enhances the security and decentralization of Layer2, while also opening up a broader market for the services of Based Rollup and AVS.

10. Aerodrome becomes the main liquidity engine on the Base chain

Aerodrome combines various DEX models to become the main liquidity platform on Base. It enhances capital efficiency through the "veAERO" incentive mechanism and automated market making, addressing many issues of traditional DEXs. With the close collaboration between Base and Coinbase, Aerodrome is expected to continue benefiting from the robust growth of the DeFi and blockchain markets.

Decentralized Finance 数据面板

1. TVL data remains stable, with little change compared to last week.

2. The total market value of stablecoins reached 178.22 billion USD, with a 7-day increase of 3.04%. USDT accounts for 69.22%, slightly down.

3. In the DEX market, Uniswap remains in the lead. The DEX on the Solana chain has shown impressive performance, with a 7-day trading volume reaching 14.634 billion USD, ranking first across all chains.

4. Aptos(APT) will unlock approximately 11.31 million tokens on November 11, accounting for 2.18% of the current circulating supply, worth approximately 128 million USD.

Decentralized Finance 雷达观点

With Bitcoin hitting new highs, the market expects a spillover of funds to drive other sectors. Currently, the narrative around Meme assets is rising, especially on Solana. The Base chain also shows great potential, clearly benefiting from Coinbase's advantages, with net fund inflows continuing to rise.

The Perp Launchpad launched by SynFutures on Base provides new development space for low market cap Meme tokens, promoting liquidity in conjunction with the contract market. Investors can pay attention to the native coins on the Perp Launchpad, but it is important to note the high risk of Meme tokens combined with contracts, making risk management crucial.