Town Hall

The South Korean crypto assets market is rapidly developing, with multiple banks and tech giants participating in the competition for the Korean won stablecoin. The National Assembly is reviewing the "Basic Law on Digital Assets" to provide legal support for stablecoin issuance. Major banks are preparing joint ventures, and tech companies like Kakao Pay are also actively positioning themselves, with expectations that 2025 to 2026 will be key periods for rapid market rise.

Blockchain Game Market Review January 2025: Game zone Declines, Social platform Competition Heats Up In January 2025, despite the overall strong performance of the crypto market, the game zone's market value saw a decline of 19.3%, dropping to $22.3 billion. This month's market focus is primarily on the social platform sector, with two major events standing out: TON received exclusive authorization for the Telegram Blockchain infrastructure, while LINE launched the Mini Dapps ecosystem through Kaia. Macroeconomic Market Overview The price of Bitcoin rose from $94,577 to $102,180, an increase of 8.0%. In contrast, Ethereum performed poorly, falling from $3,353 to $3,292, a decrease of 1.8%, with the ETH/BTC ratio hitting a new low in nearly five months. A series of important policy changes have had a significant impact on the cryptocurrency market.

Can the Line ecosystem become a new catalyst for Web3 phenomenon projects? Introduction As a popular communication software in Asia, Line announced this year its merger with the Korean public chain Klaytn, which means Line will actively布局 in the Web3 field. Looking back at the rise of the Telegram ecosystem, it attracted numerous Web3 projects and users with its large user base and mini-program platform, successfully building a bridge for the transition from Web2 to Web3. Now, Line has similar development conditions and is expected to incubate new Web3 phenomenon projects in the Asian market, injecting new vitality into the field. The merger between Line and Klaytn will bring technological innovations and changes in governance structures, issuing a new unified token and building an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology but also signifies the rise of Asian tech giants in the

1. Market Overview 1.1 Cryptocurrency Market Fundamentals In 2024, the total market capitalization of the cryptocurrency market grew from $2.31 trillion to $3.33 trillion, an increase of 44.2%. This growth was largely driven by the approval of spot Bitcoin ETFs and the optimism brought about by Trump's victory. Bitcoin's dominance rose to 56.8%, and the assets under management for ETFs doubled. Ethereum ETFs performed poorly, with the ETH/BTC ratio declining. Solana shone brightly, with the SOL price increasing by 29.3% and a net inflow of $2 billion into its ecosystem. The DeFi market share has expanded, with a total locked value of ( TVL ) growing more than double. The DEX/CEX trading volume ratio increased from 9.37% to 11.05%, with an annual trading volume of 2.67 trillion USD. The DeFi TVL market shares of Solana and Base have both more than doubled, reaching 7.1.

Market Overview Main market trends Market Sentiment and Trends: The market sentiment index has risen to 91%, entering the extreme greed zone. Although BTC briefly broke through $100,000 on Thursday before pulling back, the overall market resilience remains strong. The strong performance of ETH has driven a broad rally in the cryptocurrency market, indicating continued optimism towards mainstream coins. Capital Flow Analysis: This week, the market value of stablecoins has steadily increased, with USDT rising by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous influx of new funds into the crypto market. On-chain data shows active large transactions, indicating significant institutional capital entry. The off-exchange premium remains within a reasonable range, reflecting a healthy supply and demand in the market. DeFi sector performance: The total locked value of DeFi ( TVL ) has significantly increased from 46.8 billion USD to 53.2 billion USD, with a growth rate of 13.67%. The performance of liquid staking projects is particularly remarkable.