DeFi data
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)
NFT Data
1. Total Market Value of NFTs: $9.793 Billion

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NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap
2.24-hour NFT transaction volume: $1.231 billionUSD
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DeFi Hotspot
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.