Micro-strategy may have already accumulated BTC holdings. Aave and MakerDAO will perform well in 2024
Reprinted from jinse
01/06/2025·5Mheadlines
▌ Adam Back: MicroStrategy may have increased its holdings of BTC
Adam Back, founder of Blockstream, posted on the
According to previous news, MicroStrategy founder Michael Saylor released Bitcoin Tracker-related information for the ninth consecutive week.
▌Analysis : Aave and MakerDAO will perform well in 2024, and DeFi protocol revenue will return to the high level in 2021 driven by the new platform
Various DeFi protocols are generating significant revenue in 2024, with many mature protocols posting revenue figures close to their 2021 highs, while newer platforms are establishing themselves as key contributors. Pump.fun is the most eye-catching highlight of the Solana ecosystem this year. In 2024, Pump.fun generated $313 million in fees, averaging $31 million per month, with an average monthly growth rate of nearly 77%. Starting with just $5 million in fees in January, Jito grew at an average monthly rate of 79%, reaching total fees of $603 million by the end of the year.
Meanwhile, Ethena went from just $1.7 million in fees in January 2024 to Ethena collecting more than $267 million in fees by the end of the year. Notably, more than 54% of Ethena's full-year revenue was generated in the last three months, and that number grew at an average monthly rate of 150% during that period.
MakerDAO, on the other hand, far surpasses its all-time high revenue figures of $12.8 million in May 2021 and $32.6 million in April 2024. At the time of writing, MakerDAO generated nearly $40 million in revenue in December, a 38% increase from the previous month. It also incurred more than $313 million in charges for the full year, a 176% increase from 2023. Despite the revenue growth, the MKR token is down 10% this year. For Aave, 2024 marked a recovery with near-all-time revenue, with December revenue reaching $60.9 million, close to its October 2021 peak of $65.39 million. For the full year, Aave's total fee revenue was $389 million, averaging $32.4 million per month, with monthly growth steady at 14%. This represents a 244% increase in annual revenue compared to 2023. Against this backdrop, the Aave token has surged more than 200% this year.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$98,454.21, with an intraday increase or decrease of +0.3 % ;
ETH’s recent transaction price was US$3,638.54, with an intraday increase or decrease of -0.5% ;
BNB’s recent transaction price was US$710.09, with an intraday increase or decrease of -0.4 % ;
SOL’s recent transaction price was US$213.76, with an intraday increase or decrease of -1.4 % ;
DOGE’s recent transaction price was 0.3819 yuan, with an intraday increase or decrease of -3.0% ;
XPR’s recent transaction price was $2.40, with an intraday increase or decrease of -0.7% .
policy
▌Senator Cynthia Lummis: Reserve Bitcoin can help the dollar stay strong
U.S. crypto-friendly Senator Cynthia Lummis said that hoarding Bitcoin could help the U.S. dollar stay strong.
Blockchain application
▌Social Capital CEO: Stablecoins will become a key tool for wholesale trading in 2025
Social Capital CEO Chamath Palihapitiya predicts that stablecoin adoption will surge in 2025, becoming a key tool for wholesale trading. He pointed out that by 2024, the use of stablecoins will be decoupled from cryptocurrency transactions, with more than 1.1 billion transactions and a settlement amount of $8.5 trillion, more than double Visa’s transaction volume.
Palihapitiya believes this growth will challenge the duopoly of Visa and Mastercard, especially as credit card interest rates rise. He also touched on regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption by 2024.
cryptocurrency
▌Canadian listed company Kontrol Technologies holds 25 BTC
Kontrol Technologies Corp., a publicly traded Canadian company, announced the addition of multiple city customers (customers) following the completion of multiple successful RFPs (Request for Proposals). Kontrol won these opportunities by competing against larger organizations, and Kontrol will provide its sustainability solutions to multiple buildings across its client portfolio.
Following a press release dated November 8, 2024, the Company has accelerated its Bitcoin strategy on its balance sheet and currently holds approximately C$3 million in Bitcoin or Bitcoin-related tokens on its balance sheet.
▌ Ripple CEO: 75% of Ripple’s open positions are now in the United States
Ripple CEO Brad Garlinghouse announced that 75% of current job openings at Ripple Labs are in the United States, and that the company’s deals and partnerships in the United States are ahead of the November 2024 election More than in the previous six months. Garlinghouse attributes these changes to the incoming Trump administration and Donald Trump’s pro-cryptocurrency rhetoric.
▌ 10x Research: Expected to have a good start to the year, followed by a slight decline before the release of CPI data on January 15
In its market analysis, 10x Research noted that while some initial enthusiasm is expected at the start of the new year, now is not the time to experience the kind of bullish sentiment seen from late January to March or late September to mid-December in 2024. The year is expected to start well, followed by a slight dip ahead of the release of CPI data on January 15th. Favorable inflation data could reignite optimism and fuel a rally ahead of Trump's inauguration on January 20. However, this momentum may weaken and the market may retreat ahead of the January 29 FOMC meeting.
From January to mid-November 2024, Bitcoin’s dominance increased from 50% to 60%, creating significant headwinds for altcoin performance. Although the dominance indicator briefly fell to 53% over three weeks (sparking hopes for an altcoin season), it quickly rebounded to nearly 58% before stabilizing around 55%. This consolidation highlights Bitcoin’s enduring dominance as a major driver of the crypto market, while also signaling possible challenges for altcoins unless Bitcoin dominance indicators drop again.
▌El Salvador currently owns 6,009.18 Bitcoins
According to The Bitcoin Office of El Salvador, El Salvador currently has 6,009.18 Bitcoins worth more than $591 million.
▌ The TON network has currently been pledged to 672.8 million TON, accounting for 26.50% of the circulating supply.
According to tonscan data, the TON network has currently pledged to 672.8 million TON, accounting for 26.50% of the circulating supply (2.539 billion). In addition, the current pledged APY is 5.5%, and the network has a total of 386 verification nodes.
▌In the past 24 hours, the entire network liquidated 126 million U.S. dollars, with the main liquidation of multiple orders
Coinglass data shows that in the past 24 hours, the entire network liquidated $126 million, of which long orders liquidated $79.2533 million and short orders liquidated $46.834 million.
Important economic developments
▌The probability that the Fed will keep interest rates unchanged in January is 88.8%
According to CME's "Fed Watch": the probability of the Fed keeping interest rates unchanged in January is 88.8%, and the probability of cutting interest rates by 25 basis points is 11.2%. The probability of keeping current interest rates unchanged by March is 53.3%, the probability of a cumulative 25 basis point interest rate cut is 42.2%, and the probability of a cumulative 50 basis point interest rate cut is 4.5%.
▌Nordic Bank Strategist: U.S. monetary policy has entered a new stage where interest rate cuts depend on falling inflation or a weakening job market.
Lars Mouland, credit and interest rate strategist at Nordea Bank: U.S. monetary policy has entered a new stage, where interest rate cuts depend on falling inflation or a weakening job market. Interest rates may end up higher than market expectations.
Golden Encyclopedia
▌What is a compressed NFT?
CNFT is a newer non-fungible token that utilizes state compression technology to store data more efficiently on Solana. Unlike traditional NFTs, which store all token metadata directly on-chain or through external links such as IPFS, cNFTs use Merkle trees to optimize data storage.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and does not serve as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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