DeFi

Tiger Research: In 2024, the fund transfer of Korean crypto assets to overseas exchanges and DeFi platforms increased by 2.3 times year-on-year

ChainCatcher news, the latest report released by Tiger Research points out that despite South Korea's leading global position in cryptocurrency trading volume, the development of the country's Web3 industry is hindered by unclear regulations and a lack of specific guidance, resulting in accelerated outflow of capital, talent, and enterprises. The report mentions that in 2024, the transfer of South Korean crypto assets to overseas exchanges and DeFi platforms is expected to increase by 2.3 times year-on-year, primarily influenced by service interruptions at local exchanges and the attraction of external investment opportunities. Additionally, South Korean Web3 companies such as Nexpace, Klaytn, and Wemix have relocated their headquarters to regulatory-friendly countries like the UAE.The report also highlights that the outflow of talent has exacerbated the decline in the technological competitiveness of South Korea's Web3 ecosystem, while countries like the United States and the UAE have attracted high-end technical talent through clear policies. If South Korea wants to maintain its competitiveness in the global Web3 industry transformation by 2025, it urgently needs to promote regulatory reforms, allow corporate accounts to engage in crypto trading, and formulate policies related to stablecoins and DeFi to build a sustainable innovation ecosystem.

RootData: Large token unlocks are usually accompanied by positive news that drives up prices, with infrastructure, Layer 1/2, and DeFi remaining the hottest sectors

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that in 2024, VC coins have become a daunting term, with the crypto market bearing its exit liquidity. Projects such as Optimism, Sui, Aptos, Ethena, dydx, and Cardano unlock over 30 million tokens each month. Among these, there have been 9 major unlocking events (single transactions exceeding 100 million USD), namely INJ, MEME, PYTH, AVAX, SUI, W, JTO, APT, TIA.Comparing the prices before and after token unlocks, it is found that project parties can significantly raise token prices before large unlocks through early announcements of positive information, marketing, and other means. Over-the-counter (OTC) trading is the method with the least impact on token prices for exiting, which can eliminate the risk of significant token price drops.In addition, based on the popular tags from RootData over the past year (with over 5000 clicks), infrastructure, Layer 1/2, and DeFi remain the hottest tracks in blockchain. Tags such as artificial intelligence and DeSci have seen a rapid increase in clicks, with representative projects like Virtuals Protocol and Bio Protocol consistently ranking high on the RootData popularity list.The popularity of some high-click tags usually lasts only 1-3 months, such as DePIN, Tap to Earn, and the Bitcoin ecosystem.
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