gate Research Institute: The total Market Cap of stablecoins has surpassed the $200 billion mark, and Ethena has teamed up with Berachain to launch pre-deposit Vaults

Gate Research Institute Daily Report: On December 30th, the price of BTC fell by 1.63% in the past 24 hours, showing a clear downward trend. The price of ETH fell slightly by 0.48%, and PA remained in the oscillation range. The total market capitalization of Stable Coins exceeded 200 billion US dollars, with USDT continuing to dominate the market. The TVL of the custody Token pool exceeded 1.1 billion US dollars, and the ecological activity increased. Ethena and Berachain jointly launched the pre-deposit Vaults, initiating a new model of ecological rewards. Sophon Mainnet has entered the second stage of Mining, optimizing the reward mechanism to promote ecological development. The encryption market is still active in fluctuation, and various ecological platforms continue to innovate, injecting new impetus into the market rise.

Market Review: The price of BTC fell by 1.63%, reaching a high of $95,300.0 and a low of $93,013.7 during the period. Hot Tokens: The popular altcoins in the past 24 hours are INSN, ZEREBRO, AGLD, with rises of 47.71%, 37.05%, 34.35% respectively. Highlights: The total market capitalization of Stable Coins has surpassed $200 billion, with USDT continuing to dominate the market. Hot Comments: Ethena collaborates with Berachain to launch pre-deposit Vaults, initiating a new ecological reward model. Market Opportunity: Nodepay has completed a $7 million Series B financing by leveraging global users' idle internet bandwidth to build a real-time data pipeline for AI model training and inference.

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Gate.io December 30th, 2024

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