Photo by BeInCrypto The Stellar (XLM) network is quietly experiencing a surge in on-chain activity in December 2025. However, muted price action has caused investors to overlook these new records. These signals may reflect positive fundamentals that could support an upcoming price recovery. So what exactly are these new records? What Do Stellar’s New On-Chain Records Mean for December? Operations on Stellar represent desired changes on the ledger. They are submitted to the network as grouped components ...

hyperliquid has a $41m whale long liquidating at $23.7 and lighter just hit $1.36b tvl with zero fees on both perps and spot. hype down 30% this month as worst performer in top 50. that liquidation level is the entire trade. defend it and shorts cover to $35+. break it and the cascade takes us to $15 ...

RT Token Terminal 📊 (@tokenterminal)L1s are easy to launch, hard to scale.If they weren’t, metrics like 'application TVL' would look far more evenly distributed.Today, @ethereum has a ~$250B lead to the runner-up. https://t.co/C4E8a3efZR ...

L1s are easy to launch, hard to scale.If they weren’t, metrics like 'application TVL' would look far more evenly distributed.Today, @ethereum has a ~$250B lead to the runner-up. https://t.co/C4E8a3efZR ...

📰🚨@sparkdotfi's total value locked (TVL) is close to all-time highs at ~$11.2 billion, up over 100% since April.Spark is a Star in the @SkyEcosystem, but also the 3rd biggest lending protocol on a standalone basis, when measured by TVL. https://t.co/bKfaPyunFe ...

Core Insights - Aster (ASTER) token experienced a significant decline of over 20% in 24 hours, reversing gains from a previous rally following Binance founder Changpeng Zhao's (CZ) endorsement [1][2] - The decline has resulted in substantial unrealized profits for a trader known as the "Anti-CZ Whale," who has made over $21 million from shorting ASTER [1][3] Price Movement and Trading Activity - Following CZ's announcement of purchasing over $2 million in ASTER, the token surged from approximately $0.91 to a peak of $1.26 before sharply declining as whales increased short positions [2][3] - Aster's trading volume fell to around $1.35 billion, a decrease of 47% from the previous day, indicating reduced market activity [6] Unrealized Profits and Wallet Performance - The "Anti-CZ Whale" holds two wallets with substantial short positions in ASTER, controlling over $51 million in shorts and generating about $18.4 million in unrealized profit as the token fell below $0.90 [3][5] - One wallet, identified as 0xbadb, has an unrealized profit of $8.38 million from shorting ASTER, while the second wallet, 0x9eec9, has logged over $29 million in unrealized gains, with ASTER contributing around $14 million [4][5] Market Trends and Technical Analysis - Aster has seen a 63% decline from its all-time high, with a 13.3% drop in the past day and nearly 57% over the last 30 days [6] - CZ acknowledged his history of poor timing in crypto investments, reflecting on the market slump [7] Total Value Locked (TVL) Changes - Aster's total value locked (TVL) has decreased from $2.5 billion in early October to approximately $1.47 billion [6]

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]