PANews reported on January 6 that according to the "January 2025 Market Insights" report released by Binance Research, the market value of the crypto market soared to a record high of $3.91 trillion in December 2024, driven by regulatory optimism, institutional adoption and Bitcoin hitting a record high of $108,000. However, as the Federal Reserve reduced its 2025 rate cut plan from four to two, the market pulled back at the end of December, with the market value evaporating by more than $0.5 trillion.

Bitcoin's market value increased by about 123.4% throughout the year, becoming the world's seventh largest asset, surpassing Saudi Aramco and silver, and second only to Nvidia's performance. The main driving forces include the approval of spot ETFs, Bitcoin halving, changes in monetary policy, and more supportive regulatory expectations.

In addition, Ethena's USDe market value has reached $5.9 billion, surpassing DAI to become the third largest stablecoin, thanks to its high yield and application as Aave collateral. Decentralized spot and perpetual contract trading volumes reached record highs of $326 billion and $356 billion respectively in December, while decentralized perpetual trading volumes increased by more than 370% throughout the year, mainly driven by Hyperliquid.

TVL in the DeFi sector also hit a new high, with lending protocols and liquid pledge protocols reaching $55 billion and $71 billion respectively. AI agents have gradually become an emerging hot spot in the crypto space, with the market value of related tokens reaching billions of dollars and an average daily exposure of about 100,000 times. Representative projects include Virtuals and ai16z's Eliza framework, as well as individual agents such as aixbt.