Dear Community,
In our latest premium webinar, our investment analyst, Abdullah, along with host Ian Balina, provided a comprehensive overview of the latest developments in the crypto and AI landscape. Below, we present key takeaways and insights discussed during the session.
Market Update
The total cryptocurrency market capitalization currently stands at $3.4 trillion, up from $2.7 trillion at the beginning of November. Bitcoin continues to dominate, reaching an all-time high of $104,000, although it briefly touched $108,000. Despite a strong performance phase for altcoins, Bitcoin has reasserted its dominance, driving market returns.
Key Projects and Performance
Blockless and Solana: Blockless has successfully rebranded and transitioned its focus towards becoming a shared computer for crypto and AI applications. Notably, its new extension has garnered 500,000 downloads within three weeks, reflecting significant market interest. The company also plans a final fundraiser next month, aiming for a Q1 launch.
Vana: This L1AI project recently listed on Binance with an initial $2.4 billion market cap. While it has since decreased, the project continues to hold potential.
SUI Ecosystem: The SUI ecosystem has seen significant growth, with its Total Value Locked (TVL) increasing from $350 million to $1.8 billion. The ecosystem is gaining traction, showing strong potential for future development.
HyperLiquid: Known for its innovative tokenomics, HyperLiquid is making significant strides in the market. With plans for staking and revenue sharing, it has shown impressive performance in perpetual trading volume, surpassing competitors with a 24-hour volume of $5.7 billion.
Research and Portfolio Updates
AI Compute Projects: We explored several promising AI compute ventures such as Exabits, which raised $15 million from Hack VC.
New Entrants and Rebranding: Initiatives like HyperLiquid, currently a market leader, aspires to launch its own L1 EVM and reach a market cap of $80-100 billion. The project, although early in its lifecycle, shows substantial promise.
Decentralized Science (DeSci): We discussed Bio Protocol, an intriguing project serving as a launchpad for scientific research funding through DAOs, supported by Binance Labs.
Privacy and Computation: Nillion, focusing on privacy-enhancing technologies and blind computation with a unique dual-network model, earned a solid score in our evaluations. Backed by seasoned professionals and significant investments, it stands out for its potential.
Miscellaneous Insights
Token Metrics AI (TMAI): We celebrated the launch of TMAI on Bitpanda, enhancing its global accessibility. Efforts are ongoing to establish fiat gateways and onboard additional liquidity providers.
Binance and Project Launches: Abdullah highlighted the success and value appreciation of the Grass token. Further discussions on promising projects like Andrina, Peak, Movement, and Ethena emphasized their long-term investment potential.
Gaming and AI: We noted emerging trends in gaming, Memes and RWA showcasing projects such as “Kango” and “Parcl,” alongside the undervalued “My Pet Hooligan.” The session also covered AI agent narratives and infrastructure projects like “Virtual Protocol” and “Top Hat.”
Community and Governance
Final remarks included enthusiasm for TMAI’s growth prospects, thanks to the continued support from our community and stakeholders. The introduction of governance and staking features aims to involve token holders in platform decisions, enhancing our engagement and growth.
We appreciate your support and look forward to continuing this journey with you.
Best Regards,
The Token Metrics Team
