Stacy in Dataland (´⊙~⊙`)

Almanak has quietly become one of the most compelling AI-meets-DeFi stories. It has routed over $1B, launched 2,000+ strategies, and holds $130–170M in TVL. Next up is a full IDE for DeFi, including a Backtesting Agent, Strategy Framework V2, permissionless vaults, and more.

11 Themes of 2025: 1. Institutions became the marginal buyer of crypto. 2. RWAs graduated from narrative to asset class. 3. Stablecoins became both the killer app and the systemic weak point. 4. L2s consolidated into a winner-takes-most structure. 5. Prediction markets moved from toy to financial infrastructure. 6. AI × Crypto shifted from hype narrative to working infrastructure. 7. Launchpads industrialized into Internet Capital Markets. 8. High-FDV, low-float tokens proved structurally uninvestable. 9. InfoFi boomed, inflated, then collapsed. 10. Consumer crypto came back — through neobanks, not Web3 apps. 11. Regulatory normalization arrived globally. Full article here.

GMX’s TVL represents the total value of assets deposited across its V1 and V2 liquidity pools. In Q3, TVL averaged $450.67M, up from $367.84M in Q2. Arbitrum One contributed the majority at $418.60M, while Avalanche added $32.07M.

Robinhood Stock Tokens bring seamless access to U.S. equities and ETFs for EU users, marking a major step forward in retail markets. More than 1,000 assets are already live with $12M tokenized, and Robinhood Chain is set to expand this to a much larger scale.

It's a good day to study research ↓ General ➖ CoinShares: CoinShares' 2026 Outlook ➖ Binance: Weekly: ETH Surges on Fusaka, Liquidity Inflection, Vanguard’s Entry ➖ Binance: Monthly Market Insights - December 2025 ➖ Galaxy: Weekly Top Stories - 12/05/25 Market ➖ Cryptorank: Crypto Market Recap: November 2025 ➖ CoinShares: Market update - December 5th, 2025 ➖ CoinShares: Digital asset fund flows | December 8th, 2025 ➖ CoinShares: Equities update | December 9th 2025 ➖ Glassnode: Beyond the Skew: A Structured Approach to Implied Volatility Data ➖ Glassnode: Anchored, But Under Strain ➖ Glassnode: BTC Market Pulse: Week 50 ➖ Galaxy: DAT’s All, Folks? What’s Next for Bitcoin Treasury Companies ➖ Galaxy: Far Beyond Price Feeds: What Chainlink Actually Does Today ➖ Galaxy: Bitcoin’s Downtrend, Key Levels, and Year-End Market Flows DeFi ➖ The Defiant: Onchain Money Has Entered the Real World Blockchains & networks ➖ 4pillars: 2026 Outlook: Resturucting - c4lvin's Perspective ➖ 4pillars: 2026 Outlook: Restructuring - Eren's Perspective ➖ 4pillars: 2026 Outlook: Restructuring - Heechang's Perspective ➖ 4pillars: 2026 Outlook: Restructuring - Heun's Perspective ➖ DL Research: Katana’s VaultBridge: A self-funding rewards engine ➖ Cointelegraph: Exclusive data from EigenPhi reveals that sandwich attacks on Ethereum have waned Tokens & currencies ➖ 4pillars: 2026 Outlook: Restructuring - 100y's Perspective ➖ CoinGecko: Meme Coins & AI See 46% of Crypto Narrative Interest in 2025

LST markets tend to be winner-takes-most, and FastLane Labs is pulling ahead early on Monad. The protocol now holds 3.16% of the entire circulating $MON supply, while its LST, shMON, commands a 76% market share — roughly three times larger than all other LSTs combined.

Pumpfun volumes have now declined for the fourth month in a row, signaling the wind-down of one of retail’s loudest narratives of 2024–2025. Weekly activity has dropped from a $3.3B peak to just $568M, and new token launches are losing momentum fast as liquidity thins out. At the same time, capital is rotating into other high-risk but more transparent markets, especially perpetual DEXs and prediction platforms.

After four straight weeks of net outflows from spot BTC ETFs — capped by a heavy outflow month in November — early December data now shows the first signs of inflows returning. Sentiment may be beginning to shift.

This chart compares aggregated 30-day altcoin trading volume for stablecoin pairs against the annual average. We’ve entered a buying zone again, where 30-day volumes dip below the yearly baseline — a period that historically favors DCA for those expecting the bullish trend to continue. These phases can stretch for weeks or months, giving plenty of room to refine entry points.

An insight from Sentora: higher TVL doesn’t automatically mean greater exploit risk. Points below the blue line represent chains that have suffered more attacks than their TVL would suggest, hinting that other factors may be making those networks more attractive targets.

The Aave market on Arbitrum has climbed back above $2B, its highest level since late October, supported by around $100M in ETH inflows. This resurgence comes even as ETH has dropped nearly 30% over the same timeframe.

Before IBIT launched, Bitcoin ETFs already held around $25B in assets, mostly from legacy products like GBTC converting into ETFs. But when IBIT went live in January 2024, it triggered a wave of fresh demand rather than simple asset reshuffling. BlackRock added legitimacy, seamless access, and a mainstream distribution engine that reshaped the entire ETF landscape.