Original author: Alex Liu, Foresight News
ETH, which has been performing poorly since the beginning of the year, rebounded strongly last week. It continued to rebound this week. On December 5, the price of Ethereum once exceeded $3,900, and the exchange rate of ETH to BTC once rebounded by more than 10% during the week.
As ETH recovers, ecosystem projects are booming, leading the rise of all ALT tokens. Which assets are Ethereum beta and worth paying attention to?
DeFi
CRV
The DeFi sector rose nearly 20% last week, with Curve DAO token CRV leading the way. Recommended reading: Why did the old DeFi leader CRV rise? Which related tokens are worth paying attention to? Curve is the DeFi infrastructure, DeFi is the core use case of blockchain, and institutions are rushing into the market
CVX
CVX is the largest holder of tokens such as CRV and FXS, and has the right to profit from the corresponding protocols. As the price of the underlying tokens rises, the intrinsic value of CVX also rises.
RSR
RSR itself is a stablecoin concept, but the main market driver of its rise is Trumps nomination of Paul Atkins as the new SEC chairman. Paul Atkins also serves as an advisor to the RSR token, so RSR rose sharply after the news was released, with a 24-hour increase of more than 100%. Recommended reading: Everything you need to know after Trump nominated Paul Atkins as SEC Chairman. The announcement of this candidate sent a clear signal to the market: the regulatory environment of the crypto industry is about to undergo significant changes.
FXS
Frax Finance is the second largest holder of CVX. It also has L2 chain Fraxtal, stablecoin product FRAX, dual-currency model staking products (sfrxETH, frxETH), lending products... everything. Frax has the opportunity to close the loop and build a self-sufficient DeFi ecological flywheel. The ultimate form is a decentralized on-chain central bank (of course, it is still a long way off).
RWA
OM
OM is a Layer 1 public chain built with Cosmos SDK and focusing on compliant RWA. As an old coin that has been listed on Binance, it has increased more than 150 times last year.
ONDO
Although the TVL and product USDY data are not impressive, ONDO has already secured its leading position in RWA with its growth. The FDV of tens of billions of yuan rose by more than 60% in the week.
Layer 2
The Layer 2 sector rose by an average of more than 17% last week, and POL, ARB and other large-cap projects all saw significant increases. Among them, Arbitrum TVL exceeded 20 billion US dollars, setting a new high, and Mantle TVL also exceeded 2.1 billion US dollars, setting a new high.
It is worth noting that the Stacks token STX is a Bitcoin Layer 2 (smart contract layer) token, and its growth is no weaker than Ethereum Layer 2.
GameFi, Metaverse
The concept of Metaverse also rebounded last week, with leading projects such as SAND, AXS, and MANA showing encouraging growth.
In the Layer 2 sector, the Immutable token IMX rose by more than 20% during the week, and together with ILV, which also rose by more than 22%, it reflected the recovery of the GameFi track.
