The Ethereum MRVR ratio indicates that a new bullish cycle has begun for the cryptocurrency.

Historically, Ethereum experiences two major rallies during a bull cycle, with the second rally typically driving a more significant price increase.

The DEX ecosystem on Aptos is one of the most competitive now.

According to the chart, the distribution of swap volumes across various platforms this year has been relatively even.

Recently, Spectral launched Spectral Syntax V2 beta, which allows anyone to create autonomous, community-owned AI agents.

I decided to give it a try and launched my own AI Agent, relying on research data.

Exploration thread here.

Investors have started losing interest in meme coins and shifted their focus to the DeFi narrative.

After pump.fun disabled streaming, many meme coin creators transitioned to the AI narrative. At the same time, investors have turned their attention back to DeFi tokens, with their GMCI index growing significantly over the past two weeks, from 82.47 to 111.43.

Base continues to maintain a leading position in terms of ecosystem netflow.

Over the past month, this metric for Base has increased by 46.1%, from $539.6 million to $788.6 million. Additionally, Solana, Sui, and Starknet have solidified their positions with the highest netflow volumes in November.

5 best and 5 worst performers of the week from the top 100 on CMC.

Not a single mention of these tokens in the "Top 10 altcoins that will 100x" lists.
No fundamentals-based reasoning.
No attempts to capture a trendy narrative.

This is all you need to know about the nature of the market.

If anyone dares to say, "I told you so," throw something at them on my behalf.

XRP is gaining momentum: for the first time since January 2018, it has reached a market value of $2.49.

In addition, for the first time in 8 years, non-empty XRP wallets have eclipsed 5.5M for the first time.

A new bull market for NFTs may be on the horizon.

According to Dune statistics, the market is gradually recovering: on December 1, NFT trading volume on EVM networks reached $42.1M.

However, the main argument supporting this thesis is AI's interest in NFTs. AI could start purchasing NFTs instead of physical assets, driving up demand and prices.

bnSOL has recently taken the lead in net flows among other Solana LSTs.

The token's TVL has exceeded $1B, capturing 13% of the entire liquid staking market share in the Solana network.

DEXs transaction volume in November reached $372B, a record high.

On Solana, it accounted for 34.85% of the market share ($129.66B), while on Base, it reached $45.74B, with both networks hitting all-time highs.

This week's new research compilation 💡

General
➖ Crypto.com: AI Data Chains
➖ Galaxy: Weekly Top Stories - 11/29

Market
➖ CoinGecko: PNUT Hit $1 Billion Market Cap in 11 days, 135X Faster Than DOGE
➖ Binance: The Fed, Interest Rates, and the Economy: A Primer
➖ Glassnode: Introducing Investor Cost Basis On-Chain
➖ Galaxy: Understanding Bitcoin's Recent Correction & What Comes Next
➖ Galaxy: Benefits and Risk Considerations of OTC Trading

DeFi
➖ 4pillars: How Ondo Finance Is Redefining Tokenization to Lead the RWA Market
➖ Cointelegraph: How U2U is redefining enterprise blockchain with DePIN: Report
➖ Cointelegraph: How Portal-to-Bitcoin is unlocking Bitcoin’s potential in cross-chain DeFi

Blockchains & networks
➖ 4pillars: FLock.io : The Base Layer for AI Democratization
➖ CoinGecko: Layer 1 Blockchains Have Surged Up To 7,000% In 2024

Tokens & currencies
➖ Crypto.com: Tokenized BTC

November was a strong month for many tokens across various narratives and ecosystems.

Let’s explore CryptoRank’s top picks for the past month 👆

Oh, someone here (me) got featured in BeInCrypto’s latest article «Why Old Coins Are Waking Up: Key Drivers Behind the Revival of Legacy Tokens».

Ok, I’m flattered.

Stablecoin transfers surged last month, with weekly adjusted volumes surpassing $50B in November.

Notably, $USDT on Tron contributed $18.2B (38%) and $USDT on Ethereum added $12.3B (23%), both reaching record transaction volumes.