DeFi data
1. Total market value of DeFi tokens: $101.706 billion


2. Trading volume of decentralized exchanges in the past 24 hours: $64.84


Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $116.826 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 Cap of NFTs: $9.429 Billion

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NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap
2.24-hour NFT transaction volume: 9.785 billion USD [Image 1] [Image 2] [Image 3] [Image 4] [Image 5] [Image 6] [Image 7] [Image 8] [Image 9] [Image 10] [Image 11] [Image 12] [Image 13] [Image 14] [Image 15] [Image 16] [Image 17] [Image 18] [Image 19 ... style="text-align:center">
Top 10 NFTs by Sales Growth in the Last 24 Hours. Data Source: NFTGO
Toutiao
Circle Launches L1 Blockchain Arc Builder Fund
Circle Launches L1 Blockchain Arc Builder Fund.
Circle launches L1 blockchain Arc Builder Fund.
The fund aims to accelerate innovation, with a focus on supporting project teams that can fully leverage the advantages of Arc design, including on-chain markets with low-latency architectures; RWA and private credit markets built on private composable tracks; on-chain foreign exchange flows combining Circle StableFX and the Circle payment network; smart commerce for autonomous systems and machine economies; and energy and computing protocols based on deterministic settlement.
DeFi Hotspot
1. JP Morgan deploys JPM Coin to Base According to Jinse Finance, JPMorgan Chase has deployed its digital deposit token, JPM Coin, on Coinbase's Base blockchain, marking the Wall Street giant's first large-scale integration into the public blockchain ecosystem. JPM Coin differs from stablecoins; it is a digital mapping of interest-bearing bank deposits, transfers limited to whitelisted users. This move responds to institutional clients' demand for on-chain bank deposit products, currently primarily used for collateral and margin payments in crypto trading. JPM emphasizes that its deployment method has complete access control and risk isolation, reflecting traditional finance's move towards DeFi. According to Jinse Finance, Uniswap founder Hayden Adams disclosed that he has submitted a Unification proposal for final governance voting. Voting will begin at 10:30 PM ET and end on December 25th. If the proposal passes, after a two-day lock-up period, the following measures will be implemented: 100 million UNI tokens will be burned; the fee switch for versions v2 and v3 on the mainnet will be activated to begin burning UNI tokens, including Unichain fees; Uniswap Labs will align with Uniswap governance through a contractual protocol that is legally binding under the laws of Duna, Wyoming.
3. Vitalik Buterin: Overcomplexity is Eroding the “Trustless” Cornerstone of Blockchain
According to Jinse Finance, Ethereum co-founder Vitalik Buterin stated that the Ethereum blockchain needs to better explain its features to users to achieve true “trustlessness,” a common challenge faced by all blockchain protocols.
... "Trustlessness" means that a protocol requires no developer oversight and executes rules automatically through code. However, if a protocol is too complex, allowing only a small group to participate in its operation, then in practice, others still have to trust this group.
Ethereum itself already possesses trustlessness because transactions and smart contracts are executed by open-source code and a decentralized network of validators. But Buterin pointed out in a tweet on X on Wednesday that the network still needs to improve user understanding.
An important but underestimated form of trustlessness is increasing the number of people who can truly understand the entire protocol from top to bottom. Ethereum needs to do better in this regard by simplifying the protocol.
When asked about the practicality of this idea in terms of the trade-off between technical features and user understanding, Buterin stated: "We should be willing to reduce some features at certain times."
4. Phantom Prediction Market Opens to Select Users
Jinse Finance reports that the crypto wallet project Phantom announced on social media that its prediction market for Kalshi is now open to eligible users. Users can participate in predictions using Solana ecosystem tokens in their wallets, including the CASH stablecoin.
5. Ethereum Expected to Raise Gas Cap to 80 Million in January
On December 18th, the Ethereum core developer conference revealed plans to raise the network gas cap from 60 million to 80 million after the BPO hard fork on January 7th, further increasing transaction throughput and reducing fees.
Kim, VP of Research at Galaxy Digital, stated that Nethermind representatives believe developers are ready to push forward with this upgrade. However, Ethereum Foundation engineer Busa pointed out that two client-side optimizations need to be completed first: partial blob response at the execution layer and the maximum blob flag at the consensus layer.
Increasing the gas limit can increase the number of transactions and smart contract operations processed per block. While it cannot match the speed of L1 blockchains like Solana, it can strengthen Ethereum's appeal as a secure settlement layer while maintaining its decentralized advantages.
Ethereum has increased its gas limit three times this year, and the developer community aims to reach 180 million by the end of 2026. 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.