DeFi & L1L2 Weekly — 📈 TRUMP’s trading volume on Solana DEXes and Moonshot reached US$36.4B; Ethereum developers schedule the Pectra upgrade for March 

The Crypto.com App ranked 1st in the finance category of the Apple App Store in the US; TRUMP’s trading volume reached $36.4 billion. Ethereum developers schedule the Pectra upgrade for Mar.

Jan 22, 2025
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This week’s DeFi indices showed mixed movements, with the market capitalisation and volume indices increasing +13.15% and +66.30%, respectively, while the volatility index declined -20.51%.

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  • Chainlink (LINK) launched the CCIP v1.5 upgrade, which introduced a series of enhancements to its Cross-Chain Interoperability Protocol (CCIP) that increased the number of integrated tokens while simplifying the protocol for developers. The upgrade also introduced the CCIP Token Manager, an intuitive web interface that allows developers to deploy new Cross-Chain Tokens (CCTs) and manage existing ones.

Chart of the Week

Since its debut on 18 January, the TRUMP token recorded US$36 billion and $380 million in Solana’s decentralised exchanges (DEXes) and meme coin launchpad Moonshot, respectively, highlighting significant interest in the token by the crypto community.


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News Highlights

  • The Crypto.com App ranked first in the finance category of the Apple App Store in the US, according to data from AppFigures.
  • The Ethereum Foundation established a new multi-signature wallet and allocated 50,000 ETH to bolster its decentralised finance (DeFi) ecosystem. This comes amidst key developments within the organisation, including a leadership restructure to improve communications and confirmation of the Pectra upgrade in March.
  • Tether launched the USDT0 token on Ink, an Ethereum Layer-2 (L2) blockchain. The new stablecoin aims to facilitate the transfer of assets across blockchains built with LayerZero’s OFT standard while maintaining its 1:1 backing with USDT on Ethereum. 
  • Decentralised artificial intelligence (AI) infrastructure provider Mira Network launched its testnet alongside several APIs to evaluate on-chain autonomous transactions. This launch offers developers and enterprises the chance to explore Mira Network’s APIs, which are designed to enhance reliability and reduce costs in AI outputs.
  • Eliza Wakes Up announced a partnership with ai16z to create a physical robot embedded with advanced conversational AI, emotional intelligence, and physical capabilities. The android comes with a pre-order price of $420,000. 
  • Solana-based DEX aggregator Jupiter launched an airdrop checker, allowing users to view their eligibility ahead of the upcoming Jupuary airdrop. As part of the event, 700 million JUP tokens will be distributed to active members within its community, making it one of its largest airdrops to date.
  • World Liberty Financial (WLFI) purchased over $100 million in cryptocurrencies before Trump’s inauguration, including $47 million of WBTC, $47 million of ETH, and $5.5 million of LINK.

Recent Research Reports

  • Crypto Market Sizing Report 2024: Our latest Crypto Market Sizing Report revealed a 13% growth in crypto owners globally, totalling over 659 million users at the end of 2024.
  • Performance Review for 2024 Highlighted Projects: In this report, we analyse the price performance of key trends in the 2024 cryptocurrency landscape, and best-performing sectors such as AI.
  • AI Agent Landscape: AI agents are taking off, with the market cap of top tokens increasing exponentially within the past few months. This report delves into its emerging use cases.

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