DeFi data
1. Total market value of DeFi tokens: 114.774 billion US dollars


DeFi Total Market Cap Data Source: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $75.66


Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $121.067 billionbillion

Top 10 DeFi Projects by Locked Assets and Total Value Locked (TVL)
Top 10 DeFi Projects by Locked Assets and Total Value Locked (TVL)
NFT Data
1. Total Market Value of NFTs: $11.624 Billion



NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap
2.24-hour NFT Transaction Volume: $2.399 billionUSD
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Top 10 NFTs by Sales Growth in the Last 24 Hours. Data Source: NFTGO
Toutiao
Trump Reiterates Fed Chair Should Cut Rates
US President Trump: Fed Chair should cut rates.
Trump reiterated his criticism of Powell, stating that even JPMorgan CEO Dimon said Powell should lower interest rates.
US President Trump: Fed Chair should cut rates.
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MEME Hot Topics
1. Reuters: WLFI Announces RWA Product Launch in January Next Year
According to Jinse Finance, Reuters reported that Zach Witkoff, co-founder of World Liberty Financial, a cryptocurrency project backed by the Trump family, announced at an event in Dubai that the company will launch its real-world asset product in January of next year.
DeFi Hotspot
1. Analysis: ETH Rise May Be Due to Market Optimism Regarding Fusaka Upgrade
Jinse Finance reports that ETH has returned to 3000
Following the surge above the US dollar level, market analysts attributed this to optimistic expectations for the upcoming Fusaka upgrade, supported by widespread gains in major altcoins such as SOL and BNB, pushing the total cryptocurrency market capitalization to approximately $3.2 trillion. Timothy Misir, Head of Research at BRN, stated that this price increase was partly due to the forced exit of large numbers of BTC short sellers above $93,000, leading to a surge in forced buying. Fund flows in spot ETFs also provided additional support; the US Bitcoin spot ETF recently recorded a net inflow of approximately $58,500,000, marking the fifth consecutive trading day of positive inflows.
2. Babylon Partners with Aave to Launch Native Bitcoin Collateralized Lending, Planned for April 2026
According to Jinse Finance, CoinDesk reports that Babylon has announced a partnership with the decentralized lending protocol Aave to support native Bitcoin as collateral in AaveV4, without the need for wrapped tokens or custodian intermediaries.
This partnership will combine Babylon's trustless vault with Aave's "centralized radial" architecture, allowing users to deposit native BTC on the Bitcoin base chain while simultaneously lending stablecoins and other assets on the Aave marketplace. Testing is expected to begin in early 2026, with the product planned for launch in April.
Babylon co-founder David Tse stated that even if 5% of the Bitcoin supply were to enter the lending protocol, the scale would far exceed the current market.
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3. Stable Mainnet to Launch on December 8th at 21:00
Jinse Finance reports that Stable tweeted that the mainnet will launch at 21:00 Beijing time on December 8th.
The Stable network uses USDT 0 as its native gas fee token. These fees will be collected into a treasury managed by smart contracts, and validators can choose to distribute the gas fees proportionally to users staking STABLE.
4. Stable Announces Token Economic Model, Initial Activity Allocation Accounts for 40% of Total Supply
Jinse Finance reports that Stable has officially announced its token economic model. STABLE, as the network governance token, has a fixed total supply of 100 billion. The token allocation scheme is as follows: 40% allocated to ecosystem and community development, 25% allocated to team members, 25% allocated to investors and advisors, and 10% for genesis allocation.
... The token unlocking mechanism demonstrates a long-term commitment: the team and investor portions will use a 4-year linear unlocking model with a 1-year lock-up period; the ecosystem portion will initially unlock 8%, with the remaining 32% unlocking linearly over 3 years; the genesis allocation will be 100% unlocked at mainnet launch.
The STABLE token will support network governance, including electing validators, voting on protocol upgrades, and processing governance proposals. Notably, the Stable network uses USDT0 as its native gas fee token, which will be collected into a treasury managed by smart contracts. Validators can choose to distribute gas fees proportionally to users staking STABLE. According to Jinse Finance, "Aave currently maintains multiple V3 instances, each incurring operating costs and posing risk exposure. It is believed that the revenue generated by several of these instances is insufficient to offset the costs and risks they bring," a representative of the Aave Chan Initiative stated in a "Temp Check" in late November.
While this has not yet entered the formal governance process, this heated discussion may foreshadow a strategic shift for the largest decentralized lending protocol—which has historically adhered to the principle of "maximizing coverage" in its deployment of new blockchains.
Aave, launched in 2018, is currently the world's largest decentralized lending protocol. According to data from The Block, its outstanding debt on the Ethereum network exceeds 81%.
The project is currently deployed on at least 18 blockchains, including numerous Ethereum Layer 2 networks, as well as alternative Layer 1 networks such as Aptos and Sonic. Now, as the main representative platform of Aave DAO, the Aave Chan project (ACI) appears to be intentionally scaling back some of these expansions and setting stricter requirements for future deployments. Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to enhance your risk awareness.