DeFi data
1. Total market value of DeFi tokens: $101.706 billion
Total market value of DeFi. Data source: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $64.84
Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Locked assets in DeFi: $116.826 billion
Top ten rankings of locked assets in DeFi projects and the amount locked. Data source: defillama
NFT data
1. Total market value of NFTs: $9.429 billion
Total market value of NFTs, top ten projects by market value. Data source: Coinmarketcap
2. 24-hour NFT trading volume: $9.785 billion
Total market value of NFTs, top ten projects by market value. Data source: Coinmarketcap
3.24 hours of top NFT
Top ten NFT sales increase within 24 hours Data source: NFTGO
Headlines
Circle launches L1 blockchain Arc Builders Fund
Circle launches L1 blockchain Arc Builders Fund. The fund aims to accelerate innovation, focusing on supporting project teams that can fully utilize the design advantages of Arc, including on-chain markets with low-latency architectures; RWA and private credit markets built on private composable tracks; on-chain foreign exchange flows combining Circle StableFX and Circle payment networks; intelligent business aimed at autonomous systems and machine economies; and energy and computing protocols based on deterministic settlement.
DeFi hotspot
1. JPMorgan deploys JPM Coin to Base public chain
Golden Finance reports that JPMorgan has deployed its digital deposit token JPM Coin to Coinbase's Base blockchain, marking the Wall Street giant's first large-scale access to the public chain ecosystem. Unlike stablecoins, JPM Coin is a digital mapping of bank deposits that bear interest, limited to transfers among whitelisted users. This move responds to institutional clients' demand for using bank deposit products on-chain, currently mainly used for collateral and margin payments in crypto trading. JPM emphasizes that its deployment method features complete access control and risk isolation, reflecting the traditional finance sector's approach towards DeFi.
2. Uniswap founder: Submitted the Unification proposal for final governance vote
Golden Finance reports that Hayden Adams, the founder of Uniswap, revealed that he has submitted the Unification proposal for the final governance vote. The vote will start at 10:30 PM EST and end on December 25. If the proposal passes, the following measures will be implemented after a 2-day time lock: destroy 100 million UNI tokens; launch fee switches for v2 and v3 versions on the mainnet, starting to destroy UNI tokens, including Unichain fees; Uniswap Labs will align with Uniswap governance through a contractual agreement, which is legally binding under Wyoming DUNA law.
3. Vitalik Buterin: Excessive complexity is eroding the cornerstone of blockchain 'trustlessness'
Golden Finance reports that Ethereum co-founder Vitalik Buterin stated that the Ethereum blockchain needs to better explain its features to users to achieve true 'trustlessness', which is a common challenge faced by all blockchain protocols. 'Trustlessness' means that the protocol does not require developer supervision and executes rules automatically through code. However, if the protocol is too complex, so that only a few can participate in its operation, then in practice, others still have to trust this group. Ethereum itself has the characteristic of trustlessness because transactions and smart contracts are executed by open-source code and a decentralized network of validators. However, Buterin pointed out in a tweet on Wednesday that the network still needs to improve user understanding. An important but underestimated form of trustlessness is increasing the number of people who can thoroughly understand the entire protocol from top to bottom. Ethereum needs to do better in this aspect by simplifying the protocol. When asked about the feasibility of this idea given the trade-off between technical features and user understanding, Buterin said: We should be willing to reduce some features at times.
4. Phantom prediction market has been opened to some users
Golden Finance reports that the crypto wallet project Phantom stated on social media that its prediction market for Kalshi is now open to eligible users, who can participate using Solana ecosystem tokens in their wallets, including the use of CASH stablecoin.
5. Ethereum is expected to raise the gas limit to 80 million in January
News on December 18 revealed that the Ethereum core developer meeting announced plans to raise the network gas limit from 60 million to 80 million after the BPO hard fork on January 7, further increasing transaction throughput and reducing costs. Kim, vice president of research at Galaxy Digital, stated that Nethermind representatives believe developers are ready to push this increase. However, Ethereum Foundation engineer Busa pointed out that two client optimizations need to be completed first: the execution layer's blob response and the consensus layer's maximum blob flag. Raising the gas limit can increase the number of transactions and smart contract operations processed per block. Although it cannot match the speed of L1s like Solana, it can enhance Ethereum's attractiveness as a secure settlement layer while maintaining decentralization advantages. This year, Ethereum has raised the gas limit three times, with the developer community aiming to reach 180 million by the end of 2026.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and raise awareness of risks.
