Core Insights - Ethena (ENA) has experienced significant price volatility, closing lower in each session from November 1 to November 2, with a drop from $0.3917 to $0.3624, marking a 31% decline on the weekly charts and a 10% decline on the daily [1][2][3] Price Movement - ENA's trading volume has been on a downward trend since October 31, starting at $387,848,062 and declining to $185,700,974 by November 2, although it saw a recent increase to $244,642,889, representing a 56.30% rise in market activity [2] - The price action has resulted in a decrease in market capitalization from $3,162,489,112 on October 30 to $2,766,268,350 by November 2 [3] Support and Resistance Levels - ENA has struggled to maintain support at the $0.40 level and is currently testing support at $0.35, which it previously bounced off on October 14 [4] - A drop below the $0.35 level may delay recovery, with the next support zones identified at $0.29-$0.30 [5] Technical Indicators - ENA is trading below its 20-day EMA at $0.3872 and 50-day EMA at $0.41, indicating a need to reclaim these levels for a potential bounce back [5] - The Relative Strength Index (RSI) is at 30, suggesting that the price is nearing oversold levels and may be poised for a rebound [5] Market Context - The negative pressure on ENA's price has been attributed to a losing streak following a liquidation event on October 10, alongside a significant drop in Total Value Locked (TVL) on the platform [6]

Ethereum Ecosystem TVL & Market Cap - Ethereum ecosystem TVL has established a floor for ETH's market cap during market downturns [1] - Since 2020, Ethereum's ecosystem TVL grew 16x from $24 billion to $379 billion, while ETH's market cap increased 11x from $47 billion to $502 billion [2] - Ethereum's ecosystem TVL provided visible support at progressively higher levels during the 2022 bear market and April 2025 correction [2] Key Market Sectors & Leading Projects - Three market sectors account for 93% of Ethereum's ecosystem TVL: stablecoin issuers ($189 billion), lending ($82 billion), and liquid & restaking ($73 billion) [3] - Tether has 85% market share among stablecoin issuers, Aave has 62% market share in lending, while Lido & EigenLayer control 73% of the liquid staking category [3] - Capital continues to accumulate in projects that provide users with deep liquidity and battle-tested security [3] Potential for Growth - Ethereum's current ecosystem TVL of $379 billion represents a small share of the market cap of TradFi assets that could be tokenized [4] - BlackRock manages $13.5 trillion in assets, with only $2.9 billion onchain, while Fidelity manages $6.4 trillion, with only $231 million on Ethereum [5] - A 10x increase in ecosystem TVL on Ethereum could be seen over the next few years if institutions follow through on their stated intentions of bringing assets onchain [5] - ETH could see a substantial rerating if more assets are tokenized on Ethereum and the correlation between ecosystem TVL and ETH's market cap continues to hold [5]

Ethereum Ecosystem TVL & Market Cap - Ethereum ecosystem TVL has established a floor for ETH's market cap during market downturns [1] - Since 2020, ecosystem TVL on Ethereum grew 16x from $24 billion to $379 billion, while ETH's market cap increased 11x from $47 billion to $502 billion [2] - Ethereum's current ecosystem TVL of $379 billion represents a small share of the market cap of TradFi assets that could be tokenized [4] Dominant Sectors & Projects - Three market sectors account for 93% of Ethereum's ecosystem TVL: stablecoin issuers ($189 billion), lending ($82 billion), and liquid & restaking ($73 billion) [3] - Tether has 85% market share among stablecoin issuers, Aave has 62% market share in lending, while Lido & EigenLayer control 73% of the liquid staking category [3] - Capital continues to accumulate in projects that provide users with deep liquidity and battle-tested security [3] Institutional Adoption Potential - BlackRock manages $13.5 trillion in assets, yet has only $2.9 billion onchain [5] - Fidelity manages $6.4 trillion, but has a mere $231 million on Ethereum [5] - Should institutions follow through on their stated intentions of bringing assets onchain, a 10x increase in ecosystem TVL on Ethereum could be seen over the next few years [5] - If more assets are tokenized on Ethereum, and the correlation between ecosystem TVL and ETH's market cap continues to hold, ETH could see a substantial rerating [5]

Core Insights - Avantis (AVNT) experienced a significant price surge of nearly 45% in a single day, establishing itself as a top gainer in the crypto market [1] - The platform's Total Value Locked (TVL) reached a new all-time high of over $100 million, marking a substantial milestone for Avantis [2][3] TVL Growth - Avantis' TVL has surged by 431% over the past month, currently standing at $106.5 million [3] - The platform has seen increased user adoption, with a notable rise in both new and returning traders, indicating strong community engagement [4][5] Price Performance - Following the TVL milestone, the AVNT token recorded a sharp increase in value, trading at $0.70 at the time of reporting [6] - The 24-hour trading volume for AVNT soared to $298 million, reflecting a 613% increase and heightened market participation [7] Market Outlook - Analysts project further upside potential for AVNT, with short- and mid-term price targets set at $0.8739 and $1.1849, respectively [8]

Core Insights - Ondo Finance has completed the acquisition of Oasis Pro, enhancing its position in the Real World Assets (RWA) sector and aiming for a breakout in the market [1][3] - The tokenized securities market is projected to exceed $18 trillion by 2033, indicating significant growth potential for Ondo [2] - This acquisition allows Ondo to operate within US financial regulations, bridging traditional finance and blockchain, which is essential for attracting institutional investors [3] Company Developments - Ondo's Total Value Locked (TVL) reached an all-time high of $1.74 billion, with Q3 revenue and fees amounting to approximately $13.7 million [4] - Ondo Global Markets has surpassed $300 million in tokenized assets, driven by strong demand for tokenized treasuries, stocks, and stablecoins [5] Market Dynamics - The current trading price of ONDO is $0.94, reflecting a 2.84% increase in the past 24 hours, with a support zone identified around $0.86 and a target of $1.12 if bullish momentum continues [6] - The ONDO Short Term Bubble Risk (STBR) indicator suggests that the asset has completed a full market cycle and is currently stabilized, although there are warnings of potential overheating if trading volume increases [8][9]

Core Insights - Dogecoin (CRYPTO: DOGE) has surged 4.2% in the past 24 hours, significantly contributing to the overall market movement, which increased by only 1.6% [1] - The current trading price of Dogecoin is just under $0.27, with bulls targeting the key resistance level of $0.30 [2] - The total value locked (TVL) in Dogecoin's ecosystem has grown by 3.6% in the last 24 hours, indicating strong buying activity [3] - Large investors, referred to as whales, have been purchasing approximately 30 million tokens recently, suggesting increased momentum for Dogecoin [4] - Historical trends indicate that when Dogecoin experiences upward movement, it often leads to significant short-term returns for investors [5] Market Dynamics - The recent price action in Dogecoin aligns with broader risk-on conditions in the cryptocurrency market, particularly with Bitcoin reaching all-time highs [2][7] - The buying pressure from influential investors is contributing to a bullish sentiment for Dogecoin, driven by both market conditions and token-specific dynamics [7]

Core Insights - The year 2025 is anticipated to be significantly influenced by stablecoins and decentralized finance (DeFi) developments, particularly with the launch of CakePad by PancakeSwap, which has positively impacted CAKE USD prices [1] - The price of BNB has surged above $1,200, with expectations of reaching $2,000, contributing to the bullish sentiment in the crypto market [2] - PancakeSwap currently manages over $2.6 billion in assets and has generated substantial trading fees, indicating strong trust and activity within the platform [3] Company Performance - CAKE, the governance token of PancakeSwap, offers an annual percentage yield (APY) of +11.67% for stakers, outperforming other lending options [4] - Trader sentiment is predominantly bullish, with a long/short ratio of 2 on Binance, indicating a strong preference for long positions among traders [4] - Open interest for CAKE crypto has increased significantly, tripling from below $60 million to $180 million within a few days, suggesting heightened trading activity [5] Price Projections - CAKE crypto is currently in a bullish breakout formation, with targets set at approximately $4.5 and potentially reaching $5 and higher if momentum continues [5] - Analysts suggest that breaking the $5 mark could confirm a breakout, with some predicting that CAKE USD could double to $10 if momentum accelerates [6]

Ecosystem TVL: sum of funds deposited into the apps on the chain.https://t.co/0uyYjwbiuG ...

Core Insights - The gaming industry is a multi-billion-dollar sector, and regulatory clarity, particularly in the United States, is crucial for the growth of crypto assets like IMX, which is associated with the NFT-focused layer-2 solution ImmutableX [1] Market Performance - As of September 30, IMX USD has shown stability, with a +35% increase in the last month and a +3% rise in the previous week, although IMX USDT has declined -58% year-to-date [2] - ImmutableX currently manages $35 million in assets, down from nearly $295 million in March 2024, but the total value locked (TVL) has remained stable above $30 million for the past three months [2] Price Trends - There is a direct correlation between TVL and price action, with IMX crypto prices rallying from approximately $0.35 to a peak of $0.96 in September, representing a nearly +300% surge [3] - The uptrend remains valid as long as IMX USDT stays above $0.50 and $0.65, with targets set at September highs and potentially reaching $1 [4] Future Projections - Analysts suggest that if IMX USDT continues to rise, a +50% rally to $1.15 is plausible, with further potential to reach $2 if the uptrend persists and trading volume increases [5] - Regulatory developments, such as the CLARITY Act, are expected to significantly impact demand for gaming tokens built on ImmutableX, similar to the effects of the GENIUS Act on DeFi [6]

Momentum keeps building 🤝Momentum (@MMTFinance):🚀 Another day, another milestone for Momentum💧 $210M+ Total Value Locked (TVL)Thanks for trusting Momentum to keep your liquidity moving https://t.co/6upvzkbuxd ...