TL;DR

• BTC is currently in an upward channel, with a 2.51% price increase over the past 24 hours.
• ETH has broken through the significant resistance level of $3,430, with a 2.66% price increase over the past 24 hours.
• Ethereum and Solana jointly host 58% of the related projects in the DeSci (Decentralized Science) field
• The number of daily active addresses on the Base network has reached 3 million, setting a new all-time high.
• Uniswap Labs has announced the upcoming launch of version 4, which will bring major architectural changes.
• Solayer has announced the establishment of a foundation and the release of its governance token, LAYER.

Market Analysis

• BTC — Over the past 24 hours, the price of BTC has increased by 2.51%. The current price movement is within an upward channel. On January 2nd, around 14:00 (UTC+0), a significant surge in trading volume triggered a sharp price fluctuation before gradually stabilizing. The price is now steadily above the 10-day moving average and continues to move upwards within the channel. The moving averages are aligned in a bullish formation, indicating that the market remains strongly driven by buying momentum.[1]

• ETH — Over the past 24 hours, the price of ETH has increased by 2.66%. After ETH rose to $3,509 yesterday, it underwent a pullback, but it successfully broke through the previous key resistance level of $3,430. This level has now become a new support level, providing support for the short-term price movement. The current trend of ETH is relatively stable, and if it can continue to trade above $3,430, the market expects this to further push the price towards the $3,500 mark.[2]

• ETF — According to data from Farside Investors, on January 2, the total net outflow from U.S. Bitcoin spot ETFs was $247 million[3], while the total net outflow from U.S. Ethereum spot ETFs was $77.5 million[4].
• Altcoins — The Terminal of Truth, AI Meme, and Murad Picks sectors saw increases of 25.5%, 19.8%, and 17.6%, respectively[5].
• U.S. Stock Indices — The S&P 500 Index dropped by 0.22%, the Nasdaq Index fell by 0.16%, and the Dow Jones Index decreased by 0.36%[6].
• Spot Gold — The price of spot gold reached $2,657 per ounce, up by 1.22% on the day[7].
• Fear and Greed Index — The Fear and Greed Index increased from 66 yesterday to 70, indicating that the market remains in a state of greed[8].

Top Performers

According to Gate.io market data[9], combined with recent 24-hour trading volume and price performance, the following are top-performing altcoins:

SWARMS — The price increased by approximately 92.2% in a single day, with a circulating market capitalization of $178 million.
$SWARMS is a multi-agent AI framework, a significant surge in trading volume triggered fully autonomous organizations through intelligent agents, enhancing business efficiency and decision-making capabilities. It represents the potential application of AI technology in the Web3 era, challenging traditional human limitations and driving innovation and collaboration across various industries.
Recently, the price of $SWARMS has surged significantly, likely due to user optimism about its prospects in the AI field. Many believe that its technological advantages will drive transformation in traditional industries. Additionally, positive market sentiment and investor confidence in the future growth potential of $SWARMS have fueled capital inflows, accelerating the price increase[10].

$COOKIE — A Single-Day Price Increase of About 65.3%, Market Capitalization Reaches $112 Million
Cookie DAO is the largest AI agent index, having created the first cryptocurrency AI agent index, cookie.fun. It provides investors and traders with a top-tier overview of the AI agent market. The platform helps investors make informed, targeted investments by offering data analytics, thereby simplifying the process of blind investing.

The rapid growth of its user base, now exceeding 60,000 users with daily active engagement continuing to rise, has contributed to a surge in market optimism. Furthermore, Cookie DAO continually launches new features and enhances the platform’s functionality, fueling users’ confidence in its future development. The market’s attention toward $COOKIE has significantly increased, especially in the context of growing recognition of the potential in AI agents. This optimism has attracted more capital, accelerating the token’s price increase. [11]

METAV — A Single-Day Price Increase of About 53.5%, Market Capitalization Reaches $61.07 Million
$METAV is the first token based on Trusted Execution Environment (TEE) launched by aiPool. The project was founded by Skely, a member of ai16zdao, and aims to enhance the security and transparency of token sales through an AI agent-driven presale system.

The successful token launch and oversubscription of funds have garnered significant market attention. Moreover, users are optimistic about its future performance, and its listing on various exchanges has increased its visibility and liquidity, further driving investor interest. [12]

Data Highlights

Ethereum and Solana Lead 58% of Related Projects in the DeSci Field
A report from Messari reveals that Ethereum and Solana are dominating the decentralized science (DeSci) sector, together hosting 58% of the related projects. Ethereum leads in almost every category, including funding, infrastructure, data, and research, while Solana stands out in the DeSci Memecoin market. Ethereum’s leading position in DeSci is attributed to its long-standing technological advantages and strong community support. Meanwhile, Solana’s rise in the DeSci Meme sector highlights the growing demand for high-performance, low-cost blockchains in the DeSci space[13].

Base Network Achieves a Record 3 Million Daily Active Addresses, Marking a Historic Milestone
According to Artemis data, Base Network has kicked off 2025 with impressive results. On January 1st, the number of daily active addresses on the Base Network successfully surpassed 3 million, setting a new all-time high. This figure not only exceeds the previous record but also signifies that the ecosystem development of Base Network has entered a new phase. Looking back, the daily active address count on Base Network had previously crossed the 2 million mark three times, but this milestone of 3 million is undoubtedly more significant. It indicates that Base Network is rapidly attracting an increasing number of users, solidifying its position in the blockchain industry[14].

VanEck Research Director: Probability of U.S. Solana ETF Launch in 2025 Exceeds 77%
Cryptocurrency prediction platform Polymarket previously stated that the likelihood of a U.S. Solana ETF launching in 2025 is around 77%. However, VanEck’s Head of Research, Matthew Sigel, believes this prediction is “underestimated.” In June 2024, VanEck, alongside its competitor 21Shares, sought approval from U.S. regulators to launch a spot Solana ETF. Following Donald Trump’s victory in the U.S. presidential election in November last year, Matthew Sigel expressed that the probability of the U.S. approving a SOL ETF in 2025 is “extremely high.” Sigel’s viewpoint is somewhat representative, with some institutions maintaining an optimistic outlook on the approval of the Solana ETF in 2025[15].

Spotlight Analysis

Uniswap Labs Announces Upcoming v4 Release, Introducing Major Architectural Changes
Decentralized exchange Uniswap has announced that its latest version, v4, is set to launch soon, drawing significant market attention. The news was shared via social media platform X on January 2, 2025, accompanied by a “2025” design in Unicode and the caption “v4 is coming soon”[16]. While the exact release date was not specified, this move clearly signals that Uniswap is preparing for a major upgrade this year. Back in June 2023, Uniswap founder Hayden Adams had already released the draft code for v4, emphasizing his intention to refine this new version through public testing and community feedback. However, due to an extended testing period, the planned release in the third quarter of 2024 was delayed. By the end of 2024, the team was still running a bug bounty program to ensure the security of core smart contracts.

As a key player in the DeFi space, Uniswap’s v4 version will introduce a series of innovative features, including the Hooks mechanism, dynamic fees, flash accounting, and native ETH support. These improvements are designed to enhance users’ trading flexibility and efficiency. The version will also offer developers greater freedom, such as the ability to customize pre- and post-execution code to support advanced features like limit orders, custom oracles, and automated liquidity management. These updates are expected to not only solidify Uniswap’s position as the largest decentralized exchange but also inject new momentum into its future ecosystem development. However, the market remains cautious about whether the version will be launched on schedule and successfully address security challenges. With DEX trading volumes reaching a historical high of $436 billion by the end of 2024, whether Uniswap v4 can once again lead the way will be one of the major highlights of the DeFi ecosystem this year[17].

Xterio Unveils Tokenomics Model: Multi-Token Mechanism to Drive Ecosystem Growth
Blockchain game publisher Xterio has unveiled its tokenomics model, with its core token XTER having a total supply of 1 billion tokens and an initial circulating supply of 112.5 million tokens. The Token Generation Event (TGE) is scheduled to launch on January 8. In terms of token distribution, 28% is allocated to the community, 26% to the ecosystem, with the remaining tokens designated for investors, the team, marketing, and other areas, aiming to optimize resources and ensure shared benefits.

The primary uses of XTER include supporting cross-game interactions within the platform, enabling governance participation, unlocking in-game features, and supporting third-party integrations to drive the dynamic development of the entire ecosystem. Xterio has also introduced a multi-phase airdrop plan to attract more players and content creators, as well as incentives for external game studios and technical partners to stimulate ecosystem expansion[18].

However, this complex tokenomic design also faces challenges, particularly in balancing the needs of different stakeholders and maintaining token value stability. Questions remain about whether the large volume of unlocked tokens in the early stages will lead to short-term market volatility and how to ensure the long-term diversification of token use cases. Overall, Xterio’s multi-token mechanism presents more possibilities for the blockchain gaming space, but the actual outcome may depend on the execution of the ecosystem and long-term user engagement.

Solayer Announces the Establishment of a Foundation and the Release of the Governance Token LAYER
According to The Block, Solayer, a re-staking protocol built on Solana, has established a foundation and launched the LAYER governance token. Solayer is a re-staking protocol based on Solana that draws inspiration from Ethereum’s EigenLayer protocol. Re-staking allows users to lock staked assets (AVS, or Active Validator Service) in multiple protocols to earn additional rewards, optimizing their yields. According to DeFiLlama data, the re-staking protocol currently ranks 12th on the Solana blockchain. This move by Solayer marks the increasing maturity of its ecosystem. The establishment of the Solayer Foundation provides community members with more opportunities for involvement, allowing them to participate more deeply in the project’s governance[19].

Airdrop Opportunities

KAITO — Kaito is an AI-powered digital asset research platform aiming to revolutionize cryptocurrency research and investment through artificial intelligence. Kaito’s MetaSearch feature allows users to search the entire crypto space across platforms like Twitter, Discord, governance forums, Mirror, Medium, and more with just one click. In addition to aggregating information, Kaito uses AI to optimize its search engine through ranking, topic mining, personalization, recommendations, speech-to-text transcription, and AI-generated content. The platform also integrates ChatGPT/GPT-3. Kaito has completed multiple rounds of funding, totaling $10.8 million, with the goal of providing smarter tools for crypto market search and research.

How to Participate:

1. Visit the event page and click on the Twitter login button in the top-right corner[20].
2. Follow the instructions to complete registration and obtain an early bird badge.
3. Link your wallet address (supports EVM and SOL).
4. Post high-quality crypto-related tweets to increase activity.
5. Interact with Smart Followers on the leaderboard (comment, like, retweet).
6. Invite friends to register and use your referral link for additional points.

Note:
The airdrop plan and participation methods may be updated at any time. Users are advised to follow Kaito’s official channels for the latest information. At the same time, users should participate cautiously, be aware of risks, and conduct thorough research before getting involved. Gate.io does not guarantee the issuance of subsequent airdrop rewards.


Reference:

1. Gate.io, https://www.gate.io/trade/BTC_USDT
2. Gate.io, https://www.gate.io/trade/ETH_USDT
3. Farside Investors, https://farside.co.uk/btc/
4. Farside Investors, https://farside.co.uk/eth/
5. Coingecko, https://www.coingecko.com/en/categories
6. Investing, https://investing.com/indices/usa-indices
7. Investing, https://investing.com/currencies/xau-usd
8. Investing, https://investing.com/currencies/xau-usd
9. Gate.io, https://www.gate.io/price
10. Gate.io, https://www.gate.io/pilot/solana/swarms-swarms
11. Gate.io, https://www.gate.io/trade/COOKIE_USDT
12. Gate.io, https://www.gate.io/pilot/solana/metaverse-metav
13. X, https://x.com/MessariCrypto/status/1874938984994091280
14. Artemis, https://geapp.artemisanalytics.com/project/base?from=chains
15. Cointelegraph, https://cointelegraph.com/news/van-eck-research-head-tips-2025-solana-etf-highly-likely
16. X, https://x.com/Uniswap/status/1874501032514052444
17. Defillama, https://defillama.com/dexs
18. X, https://x.com/XterioGames/status/1874795478421848172
19. The Block, https://www.theblock.co/post/332960/solana-restaking-protocol-solayer-gains-governance-token-and-foundation
20. yaps.kaito, https://yaps.kaito.ai/

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Disclaimer
Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.