Key Takeaways
The total market value of global cryptocurrencies is $3.42 trillion, down 0.3% from $3.43 trillion last week. As of press time, the total net inflow of the US Bitcoin spot ETF is about $44.24 billion, with a net outflow of $128.8 million this week; the total net inflow of the US Ethereum spot ETF is about $3.33 billion, with a net inflow of $281 million this week.
The total market value of stablecoins is $254 billion. Among them, USDT has a market value of $154.8 billion, accounting for 60.9% of the total market value of stablecoins; followed by USDC with a market value of $61.1 billion, accounting for 24.1% of the total market value of stablecoins; and DAI with a market value of $5.36 billion, accounting for 2.1% of the total market value of stablecoins.
According to DeFiLlama data, the total TVL of DeFi this week is $111.6 billion, up 0.45% from $111.1 billion last week. By public chain, the three public chains with the highest TVL are Ethereum chain accounting for 54.87%; Solana chain accounting for 7.58%; and Bitcoin chain accounting for 5.48%.
From the chain data, except for Sui, which has increased in daily trading volume this week, the rest of the public chains are on a downward trend. Among them, BNBChain has a significant downward trend, down 66.7% from last week. In terms of transaction fees, except for Ethereum, which fell 77.8% from last week, the overall trend of other public chains has not changed much; from the perspective of daily active addresses, except for BNBChain and Sui, which have increased slightly, the rest of the public chains are on a downward trend. Among them, Solana has the most significant downward trend, down about 45% from last week; from the perspective of TVL, except for Sui, which increased 4.3% from last week, the rest of the public chains have a small decline.
Innovative projects to watch: Liquid is a decentralized cryptocurrency trading protocol. Users can deploy their own perpetual contract markets on the top exchanges and permanently obtain 50% of the transaction fee income. The project is currently in the whitelist application stage, and the number of applicants has reached nearly 300,000; ClipStake is an on-chain advertising incentive platform. Brands upload videos and set advertising budgets, and creators make short videos. They can earn USDC or tokens for every 1,000 verified views; Valiant is a decentralized trading platform that pursues the speed of CEX and the freedom of DEX, and is committed to providing efficient trading experience for institutions and individual users.
Table of contents
Key Takeaways
1. Total cryptocurrency market value/Bitcoin market value share
2. Fear Index
3. ETF inflow and outflow data
4. ETH/BTC and ETH/USD exchange ratio
5. Decentralized Finance (DeFi)
6. On-chain data
7. Stablecoin market value and issuance
2. Hot money trends this week
1. The top five VC coins and meme coins with the highest growth this week
2. New Project Insights
3. New trends in the industry
1. Major industry events this week
2. Big events coming up next week
3. Important investment and financing last week
1. Market Overview
1. Total cryptocurrency market value/Bitcoin market value share
The total market value of global cryptocurrencies is $3.42 trillion, down 0.3% from $3.43 trillion last week.
Figure 1 Data source: crypto ank
As of press time, Bitcoin’s market cap is $2.1 trillion, accounting for 61.47% of the total cryptocurrency market cap. Meanwhile, stablecoins’ market cap is $254 billion, accounting for 7.42% of the total cryptocurrency market cap.
Figure 2 Data source: coingeck
2. Fear Index
The Crypto Fear Index is at 55, indicating neutrality.
Figure 3 Data source: coinglass
3. ETF inflow and outflow data
As of press time, the U.S. Bitcoin spot ETF has accumulated a total net inflow of approximately US$44.24 billion, with a net outflow of US$128.8 million this week; the U.S. Ethereum spot ETF has accumulated a total net inflow of approximately US$3.33 billion, with a net inflow of US$281 million this week.
Figure 4 Data source: sosovalue
4. ETH/BTC and ETH/USD exchange ratio
ETHUSD: Current price is $2,503, historical highest price is $4,878, a drop of about 48.65% from the highest price.
ETHBTC: Currently 0.023672, the historical high is 0.1238.
Figure 5 Data source: ratiogang
5. Decentralized Finance (DeFi)
According to DeFiLlama, the total TVL of DeFi this week is $111.6 billion, up 0.45% from $111.1 billion last week.
Figure 6 Data source: defillama
Divided by public chains, the three public chains with the highest TVL are Ethereum chain accounting for 54.87%; Solana chain accounting for 7.58%; and Bitcoin chain accounting for 5.48%.
Figure 7 Data source: CoinW Research Institute, defillama
Data as of June 8, 2025
6. On-chain data
Layer 1 Data
The main data of Layer 1 including ETH, SOL, BNB, TON, SUI and APT are analyzed mainly from the perspective of daily transaction volume, daily active addresses and transaction fees.
Figure 8 Data source: CoinW Research Institute, defillama, Nansen
Data as of June 8, 2025
● Daily trading volume and transaction fees: Daily trading volume and transaction fees are the core indicators for measuring the activity of public chains and user experience. In this weeks daily trading volume, except for Sui, which has increased, the rest of the public chains are on a downward trend. Among them, BNBChain has a significant downward trend, down 66.7% from last week. In terms of transaction fees, except for Ethereum, which fell 77.8% from last week, the overall trend of other public chains has not changed much.
● Daily active addresses and TVL: Daily active addresses reflect the ecological participation and user stickiness of the public chain, and TVL reflects the users trust in the platform. From the perspective of daily active addresses, except for BNBChain and Sui, which have a small increase, the rest of the public chains are on a downward trend. Among them, Solanas downward trend is the most significant, with a drop of about 45% from last week; from the perspective of TVL, except for Sui, which increased by 4.3% from last week, the rest of the public chains have a small drop.
Layer 2 Data
● According to L2 Beat data, the total TVL of Ethereum Layer 2 is US$36 billion, a decrease of 1.7% from US$37.23 billion last week.
Figure 9 Data source: L2 Beat
Data as of June 8, 2025
1. Base and Arbitrum took the top spot with 40.72% and 30.32% market shares respectively, and their overall share increased this week.
Figure 10 Data source: footprint
Data as of June 8, 2025
7. Stablecoin market value and issuance
According to Coinglass data, the total market value of stablecoins is $254 billion. Among them, USDT has a market value of $154.8 billion, accounting for 60.9% of the total market value of stablecoins; followed by USDC with a market value of $61.1 billion, accounting for 24.1% of the total market value of stablecoins; and DAI with a market value of $5.36 billion, accounting for 2.1% of the total market value of stablecoins.
Figure 11 Data source: CoinW Research Institute, Coinglass
Data as of June 8, 2025
According to Whale Alert data, USDC Treasury issued an additional 1 billion USDC and Tether Treasury issued an additional 52 million USDT this week. The total amount of stablecoins issued this week was 1.252 billion, an increase of about 2,096% from the total amount of stablecoins issued last week, which was 57.05 million.
Figure 12 Data source: Whale Alert
Data as of June 8, 2025
2. Hot money trends this week
1. The top five VC coins and meme coins with the highest growth this week
Top five VC coins with the highest growth in the past week
Figure 13 Data source: CoinW Research Institute, coinmarketcap
Data as of June 8, 2025
Top 5 Meme Coins That Gained in the Past Week
Figure 14 Data source: CoinW Research Institute, coinmarketcap
Data as of June 8, 2025
2. New Project Insights
Liquid: It is a decentralized cryptocurrency trading protocol. Users can deploy their own perpetual contract markets on the leading exchanges and permanently obtain 50% of the transaction fee income, forming a sustainable and replicable closed loop of liquidity and income. The project is currently in the whitelist application stage, and the number of applicants has reached nearly 300,000.
ClipStake: An on-chain advertising incentive platform where brands upload videos and set advertising budgets, and creators make short videos and earn USDC or tokens for every 1,000 verified views. ClipStake has received support from AllianceDAO.
Valiant: Valiant is based on FogoChain and is a decentralized trading platform that pursues the speed of CEX and the freedom of DEX, and is committed to providing efficient trading experience for institutions and individual users.
3. New trends in the industry
1. Major industry events this week
Solana Ecosystem DePIN smart wearable device project CUDIS announced that it has officially opened CUDIS token airdrop applications. The first quarter airdrop application will distribute 50 million CUDIS to more than 60,000 active community users. Top active users can get more than 60,000 CUDIS, the top 100 can get more than 13,000 CUDIS, and the top 1,000 can get more than 4,000 CUDIS. Users need to connect to a confirmed Solana wallet and claim the S 1 airdrop before August 31.
Fufuture and Web3 social platform DeBox officially launched BOX-BTC and BOX-ETH perpetual options trading pairs. The first trading incentive activity was launched on June 6 and lasted for 20 days. It was open to all on-chain users, with a total prize pool of 652,000 BOX tokens and 52,000 FU points. The cooperation between the two parties will jointly explore the coordinated development of derivatives trading and Web3 social ecology.
The Hong Kong Stablecoin Ordinance will come into effect on August 1, 2025. The Stablecoin Ordinance was gazetted on May 30, 2025. Its main purpose is to regulate activities involving stablecoins and establish a licensing system for regulated stablecoin activities in Hong Kong.
2. Big events coming up next week
Skate is a universal application layer that enables applications to run on thousands of chains in a single state. SKATE is the basic utility and governance token of the Skate protocol, with an initial total of 1 billion, of which 10.00% is allocated to the team, 18.00% to the ecosystem and reserves, 10% to the initial airdrop, and 45.50% to the community. Skates release date on X is June 9th and the promotional video seems to hint at the TGE date.
Upside, an ecological social prediction market based on the Base chain, is scheduled to go online on June 10.
ZEROBASE and Guinness World Records jointly launched a global privacy challenge, which will end on June 15. All participants will jointly complete a decentralized trusted setup ceremony to generate public parameters for the zero-knowledge proof system. These parameters will become the trust basis for multiple privacy applications and promote the implementation of zero-knowledge technology in the Web3 ecosystem. All users who successfully participate in this challenge will become co-holders of the Guinness World Records and receive a certificate of participation from the Guinness official.
3. Important investment and financing last week
Avantis, with a financing amount of US$8 million, has investors including Pantera Capital, Founders Fund, Flowdesk, Symbolic Capital, etc. Avantis is a synthetic derivatives protocol based on an oracle, where users can trade cryptocurrencies and real-world assets with up to 100x leverage and earn income as a market maker by providing USDC liquidity. (June 3, 2025)
Rails, with a financing amount of US$14 million, has investors including Slow Ventures, Kraken, CMCC Global, Quantstamp, and Round 13 Capital. Rails is a self-custodial cryptocurrency exchange that uses a centralized order book to drive optimal trade execution and combines a self-custodial decentralized solution on the blockchain to provide transparent fund custody, thereby protecting user funds and winning user trust. (June 4, 2025)
IOST, with a financing amount of US$21 million, has investors including DWF Labs, Presto, and Rollman Management. IOST is a decentralized blockchain network based on the next-generation consensus algorithm Proof of Believability (PoB). IOST launched the public testnet on June 30, 2018, and migrated to the mainnet in February 2019. (June 6, 2025)
Reference Links:
1.Liquid: https://x.com/tryliquidxyz)
2.ClipStake: https://x.com/ClipStake_X
3.Valiant: https://x.com/ValiantTrade
4.Avantis: https://x.com/avantisfi
5.Rails: https://x.com/rails_xyz
6.IOST: https://x.com/IOST_Official
