1. Total market value of DeFi tokens: 106.099 billion US dollars
2. Trading volume of decentralized exchanges in the past 24 hours: $49.37
Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $120.778 billionbillion
Top 10 DeFi Projects by Locked Assets and Total Value Locked (Data Source: defillama)
1. Total Market Value of NFTs: $9.793 Billion
NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap
2.24-hour NFT transaction volume: $1.231 billionUSD
3. Hyperliquid Clarifies False Accusations: Platform Status Transparent and Verifiable, Gradual Decentralization Will Eventually Be Fully Open Source On December 22, Hyperliquid officially clarified a recent article that made false accusations against it. The article claimed that Hyperliquid had problems with solvency, integrity, and transparency. The response to the 10 specific accusations is as follows: The system owes $362 million in collateral: This is untrue. The author of the article ignored HyperEVM USDC (which runs parallel to the Arbitrum bridge). The current total amount of USDC is $4.351 billion. Manipulating transaction volume via TestnetSetYesterdayUserVlm: False. This is a testnet feature and cannot be invoked on the mainnet.
Some users have privileges, such as fee exemptions or the ability to manipulate airdrops: False. All fees, balances, and transactions are visible on-chain; there is no distortion mechanism.
CoreWriter "God Mode" allows minting, transferring funds, etc.: False. This is a method for HyperEVM smart contracts to send HyperCore operations; the stated privileges do not exist.
Governance can freeze the chain, but there is no reversal function: Misunderstanding. Freezing is used for network upgrades, similar to hard forks on other chains. In the November 2025 POPCAT event, L1 was not frozen; only the Arbitrum bridge was automatically locked as a security measure.
A single private key can instantly set oracle prices: Misunderstanding. HIP-3 oracles are configured by the deployer and can use MPC, etc. Perpetual contracts operated by validators use weighted median prices with no latency to ensure security.
8 undisclosed addresses controlling all transaction submissions: False. Some transactions are sent directly by validators. Future upgrades will include MEV and censorship resistance mechanisms.
Unfair advantage of the liquidation cartel: Misunderstanding. Only HLP is available for backing up liquidations, and deposits are permissionless. Most liquidations are processed through the order book.
Hidden lending protocol involving over $1 million: False. Portfolio margin, lending, and HLP are publicly announced pre-alpha versions with documented documentation.
ModifyNonCirculatingSupply can change the token supply: False. The HIP-1 token supply is fixed. This feature is for display purposes only and does not affect execution. 4. Sources: Polymarket Plans to Launch Its Own L2 and Migrate from Polygon According to Jinse Finance, source @polymarketbet summarized the important information recently released by Polymarket team member Mustafa in the Discord community. The key points are as follows:
1. Polymarket plans to migrate away from Polygon and launch its own Ethereum L2 service, POLY. Launching POLY is a top priority. (Polymarket's business was affected by Polygon's outage on December 18th.)
2. Polymarket plans to abandon all third-party providers (GoldSky, Alchemy, etc.). These guys are terrible—we will migrate as soon as possible.
3. Polymarket will launch 5-minute markets this week.DeFi Hotspot
PancakeSwap executes a significant token burn, eliminating 8.7 million CAKE tokens worth $25 million, aligning with its long-term DeFi stability vision. This strategic move involves community participation, reducing the token supply and potentially driving up CAKE's value beyond $100 million.
JoyXRP crosses five million active accounts, indicating increased trust and market growth.
KikyoCleanSpark plans to acquire 160,000 Bitcoin miners by 2024, aiming to increase its hash rate by 400% and prepare for future market fluctuations.
BrianProBit Global lists LIMO, enhancing Limoverse's health-focused blockchain ecosystem's reach and potential.
AlexRipple sponsors DEC24, joining forces with leading financial experts, signifying its influential role in digital currency's future.
KikyoThe proposed XRP ETF, potentially launching this year with BlackRock at the helm, reflects the growing integration of cryptocurrencies into mainstream finance, awaiting crucial legal verdicts.
BrianImToken is the entity behind the software cryptocurrency wallet and the hardware crypto wallet imKey.
AlexMAS provided the exchange with initial in-principal approval in October 2023, and Upbit has been actively engaged in Singapore since 2018.
AlexThe newly acquired funds will play a pivotal role in expediting the development of Quora's AI chatbot platform, Poe.
AlexThe U.S. Securities and Exchange Commission denied Bitcoin ETF approval after an alleged hack compromised its social media account. The incident triggered a surge and subsequent drop in Bitcoin prices, raising concerns about cybersecurity and prompting calls for increased accountability and security measures in regulatory bodies.
Joy