ETH shows strong rebound, which Beta assets are worth paying attention to?
DeFi, RWA, Layer 2, GameFi metaverse, which assets are the leaders?Author: Alex Liu, Foresight News
Since the beginning of the year, ETH has been underperforming but made a strong rebound last week. Continuing into this week, on December 5, the price of Ethereum briefly broke through $3900, and the ETH/BTC exchange rate rose over 10% during the week.
As ETH warms up, ecological projects are experiencing explosive growth, leading all ALT tokens. Which assets belong to "Ethereum Beta" and are worth paying attention to?
DeFi
CRV
The DeFi sector rose nearly 20% last week, with Curve DAO token CRV leading the way. Curve is the infrastructure of DeFi, which is the core use case of blockchain, and institutions are rushing in.
CVX
CVX is the largest holder of tokens like CRV and FXS, possessing the rights to the corresponding protocol's yields. As the prices of the underlying tokens rise, the intrinsic value of CVX also increases.
RSR
RSR itself is a stablecoin concept, but its main market driver for growth was Trump's nomination of Paul Atkins as the new SEC chairman. Paul Atkins also serves as an advisor for the RSR token, leading to a significant surge in RSR after the announcement, with a 24-hour increase of over 100%.
FXS
Frax Finance is the second-largest holder of CVX. It has the L2 chain Fraxtal, a stablecoin product FRAX, dual-token model staking products (sfrxETH, frxETH), lending products… it has everything. Frax has the opportunity to self-loop and build a self-sufficient DeFi ecological flywheel. The ultimate form is a decentralized on-chain central bank (though it is still far from that now).
RWA
OM
OM is a Layer 1 public chain focused on compliant RWA built using the Cosmos SDK. As an old coin that has already been launched on Binance, it rose over 150 times last year.
ONDO
Although the TVL and the data used for the product USDY are not impressive, ONDO has already secured its leading position in RWA by "winning through growth." The FDV at the hundred billion level surged over 60% weekly.
Layer 2
The Layer 2 sector averaged over a 17% increase last week, with major projects like POL and ARB seeing significant gains. Among them, Arbitrum's TVL broke through $20 billion, reaching a new high, while Mantle's TVL also exceeded $2.1 billion, setting a new record.
It is worth noting that the Stacks token STX is a Bitcoin Layer 2 (smart contract layer) token, with growth comparable to that of Ethereum Layer 2.
GameFi, Metaverse
The concept of "Metaverse" also warmed up last week, with leading projects like SAND, AXS, and MANA showing impressive growth.
In the Layer 2 sector, the Immutable token IMX rose over 20% during the week, reflecting the recovery of the GameFi track alongside ILV, which also increased over 22%.
