#数字资产市场动态 Year-end Crypto Market Review is here.

**Mainstream Coins**: BTC continues its strong upward trend, while other tokens fluctuate and rebound, maintaining a bullish overall sentiment. In contrast, the US stock market is in a decline, creating an interesting divergence. On the macro front, the RMB exchange rate officially broke below 7. Industry experts generally expect it to possibly approach 6.85 next year. In the long term, the RMB has room for appreciation.

**Many Hot Tracks**: In the Perp ecosystem, Lighter experienced a small outage right after launching its token, but the project team responded quite quickly. In terms of market cap, Lighter is valued at $3 billion, while the same track’s Aster doubled to $6 billion, making the competitive landscape gradually clearer. Interestingly, Sun Yuchen made a large purchase of 4.6 million tokens, clearly optimistic about this track’s momentum.

The RWA public chain sector is exceptionally hot, with Canton project surging and quickly entering the top 30 by market cap. This chain is backed by an official Wall Street-approved compliant alliance chain solution, featuring privacy functions. Notably, it has no VC funding background and is entirely community-driven. However, it’s important to note that the tokenomics design has high inflation expectations, with a maximum release of 100 billion tokens over the next 10 years. The first halving event on January 1st next year is worth watching.

In the AI track, Elizaos (formerly known as AI16z) continues to strengthen. The founder’s account was recently unblocked, and the team launched a new AI prediction market product, expanding its ecological applications.