DeFi Data
1. Total Market Cap of DeFi Tokens: $104.765 Billion


DeFi Total Market Cap Data Source: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $65.43

Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $115.05 billion$



Top 10 DeFi Projects by Locked Assets and Total Value Locked. Data Source: defillama
NFT Data
1. Total Market Value of NFTs: $10.7 Billion
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Top NFTs in 24 Hours

Top 10 NFTs by Sales Growth in 24 Hours Data Source: NFTGO
Headlines
HashKey Passes Hong Kong Stock Exchange Hearing, IPO Imminent
According to Jinse Finance, as disclosed by the Hong Kong Stock Exchange on December 1st, HashKey Holdings...
DeFi Hotspot
1. Circle minted approximately $8 billion USDC on the Solana network in November
Jinse Finance reports that Solana...
Floor stated on the X platform that Circle minted approximately $8 billion worth of USDC on the Solana network in November, bringing the cumulative USDC issued on the network to $36.25 billion by 2025.
2. Solana On-Chain DApp Monthly Revenue Surpasses All L1 and L2 Chains
According to Jinse Finance, SolanaFloor stated on the X platform that the monthly revenue of Solana on-chain DApps surpasses that of all L1 and L2 chains, maintaining its leading position in DApp revenue.
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3. Former Citibank Crypto Research Head: Arthur Hayes Omitted 3 Key Points in Tether's Fud
According to Jinse Finance, in response to Arthur Hayes' questions about USDT's operations, Joseph, former head of crypto research at Citibank, posted on the X platform that @CryptoHayes' analysis omitted several key points:
1. Asset Disclosure ≠ All Corporate Assets. USDT uses a "matching principle" to disclose reserves, but its undisclosed balance sheet includes equity investment income, mining operations, company reserves, and potential Bitcoin holdings. Remaining profits are distributed to shareholders in the form of dividends.
... 2. Extremely High Profit Margins and Equity Value: Tether holds $120 billion in US Treasury bonds (4% annualized yield) and is projected to generate approximately $10 billion in annual net profit starting in 2023 (with only 150 employees), making it arguably the world's most efficient money-printing machine. Its equity valuation may reach $50-100 billion (recent plans to raise $20 billion by selling a 3% stake; the valuation is inflated, but the company is financially strong).
3. Bank-Grade Reserves: Traditional banks maintain only 5-15% liquid assets, while USDT's collateral ratio is significantly higher.
Key Difference: Banks have the support of central bank lenders of last resort, while USDT relies on its own asset liquidity.
Conclusion: Tether will not only avoid collapse but also control the most powerful profit engine in the crypto world. Subsequently, Tether CEO Paolo Ardoino expressed his gratitude for the support in the comments section. According to a report by Jinse Finance, citing BitcoinNews, the decentralized perpetual exchange (perp DEXes) saw a trading volume of $1.2 trillion in October, which slowed down in November to $1.13 trillion, a decrease of 5.83% ($70 billion), but still 71.7% higher than September. Specifically, according to Devilama data, Lighter captured the largest share of trading in November, receiving $284 billion, accounting for 25.13% of the total; over $240 billion flowed through Hyperliquid, while Aster's trading volume was $258 billion, with the two combined accounting for 44.07% of the total trading volume.
5. CoinShares Withdraws XRP, Solana, and Litecoin ETF Applications
According to Jinse Finance, CoinShares, Europe's largest digital asset management company, officially withdrew its applications for XRP, Solana Staking, and Litecoin ETFs submitted to the U.S. Securities and Exchange Commission (SEC) on November 28. The company also announced it will gradually shut down its Bitcoin futures leveraged ETF product (BTFX).
This decision comes as CoinShares prepares to list in the U.S. through a $1.2 billion SPAC merger with Nasdaq-listed Vine Hill Capital, a deal expected to close by the end of this year. After the merger, CoinShares will rank among the world's top four crypto ETF asset management companies, alongside BlackRock, Fidelity, and Grayscale.
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Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish sound investment principles and be sure to enhance your risk awareness.