Overview of the Crypto Assets Market This Week

The Layer 2 ecosystem shows an overall positive growth trend, with Starknet having the most significant increase, reaching 15.67%. The total locked value (TVL) of protocols such as JOJO, VaultCraft, Basemax, XY Finance, and Nostra has seen notable growth.

In the field of liquidity staking derivatives (LSD), both the Ethereum deposit amount and total withdrawal amount have increased, but the increase in withdrawal amount is more significant, reaching 2.88%. The market shares of the main LSD coins have also seen substantial growth, with wstETH showing the most notable increase of 16.28%.

Real world assets ( RWA ) sector total market value increased by 13.85%, with a 24-hour trading volume rising by 43.93%. RWA tokenized treasury grew by 1.6%, and the value of tokenized U.S. Treasury bonds increased by 0.08%. Tokens such as $DEXTF, $LMR, and $BST performed well, while tokens such as $BRTR, $LNDX, and $SOB experienced significant declines.

On the macro front, the S&P 500 index and the Nasdaq index rose by 1.33% and 2.06%, respectively. In the coming week, key attention should be given to important economic indicators such as the Services Purchasing Managers' Index, the Non-Manufacturing Purchasing Managers' Index, and ADP employment data.

Bitcoin's price surged by 44% this month, marking the largest monthly increase in three years. The current price is close to the historical peak, but analysts believe the bull market has not yet reached its climax. The launch of the spot Bitcoin ETF has brought sustained demand to the market, with about 75% of Bitcoin supply controlled by long-term holders.

The protocol to focus on this week is OpSec, which is a decentralized physical infrastructure network utilizing AI technology (DePIN) cloud computing platform. OpSec aims to address the issues brought by the centralization of traditional internet infrastructure and provide secure and efficient decentralized cloud services. Its main businesses include Cloudverse, OpSec Network, and CloudSec.

In terms of investment, projects like Octav, BounceBit, and READYgg have completed a new round of financing. Octav is a DeFi data analysis platform, BounceBit is a native BTC staking chain, and READYgg focuses on the infrastructure development for Web3 gaming.

In terms of industry dynamics, Nigeria reportedly claims 10 billion USD from a certain trading platform, a certain ETF's asset management scale surpasses 10 billion USD, the Bank for International Settlements has proposed recommendations for global stablecoin regulation, the total locked value of decentralized lending exceeds 30 billion USD, and attorneys general from multiple states are questioning the authority of the U.S. Securities and Exchange Commission in suing a certain trading platform.

In the coming week, there will be several important events, including the launch of a certain trading platform and airdrops of a certain project. Investors need to closely monitor the market impact these events may bring.