- Bitcoin led TVL inflows with $3.09B, followed by Ethereum’s $2.22B and Hyperliquid’s $1.87B, suggesting strong investor interest.
- HYPE token hit $7B market cap as prices surged to $21, achieving a $21B FDV, signaling rapid market growth.
- Tron suffered the largest TVL outflow of $286.43M, while Sui gained $231.66M, showcasing contrasting blockchain performance trends.
As per Lookonchain data, Total Value Locked (TVL) in the crypto market has seen shifts over the past week. Bitcoin, Ethereum, and Hyperliquid saw surges in inflows. Bitcoin’s TVL increased by $3.09 billion, while Ethereum followed with an inflow of $2.22 billion.
Hyperliquid’s saw a $1.87 billion rise in TVL, highlighting heightened interest across these major blockchain platforms. Earlier, Lookonchain reported a $7.79 billion weekly increase in Ethereum’s TVL and $290.21 million for Hyperliquid on December 9.
According to reports on December 14th, HYPE token’s market cap climbed to $7 billion, propelled by an all-time high price of $21. The Fully Diluted Valuation (FDV) of $HYPE reached $21 billion, showing its rapid growth within the market.
TVL Movements Across Key Blockchains
Beyond Bitcoin, Ethereum, and Hyperliquid, other blockchains also experienced shifts in TVL. Among the tokens with TVL gains, Sui recorded a $231.66 million increase, followed by Base at $214.68 million and Binance Smart Chain (BSC) at $135.46 million.
Solana and Arbitrum added $68.97 million and $63.23 million, respectively. Smaller gains were observed in Polygon ($57.32 million), Aptos ($55.58 million), Avalanche ($39.89 million), and Optimism ($10.08 million).
However, some blockchains faced declines in TVL. Tron saw the largest decrease, with a $286.43 million outflow, followed by CORE, which lost $151.97 million, and PulseChain, with a $41.93 million reduction. These contrasting TVL movements reflect differing investor preferences and activity levels across blockchain networks during the observed period.
Bitcoin Price Analysis and Altcoin Activity
At press time, Bitcoin was trading at $104,684.27, up by 2.40% in the past 24 hours. Trading indicators like the Relative Strength Index (RSI) and MACD revealed strong upward momentum. The RSI stood at 68.47, nearing the overbought level of 70, indicating potential price stability or resistance near $104,900.
Source: TradingView
Meanwhile, the MACD showed a positive divergence, with the MACD line surpassing the Signal line and a histogram value of 204.52, suggesting consistent upward momentum. Volume analysis shows moderate but steady trading activity, with occasional spikes linked to price movements in related assets.
HYPE saw an 87.66% price surge, alongside a 9.81% increase in ETH, pointing to increased interest in alternative tokens. This activity aligns with the observed TVL inflows into Ethereum and Hyperliquid, suggesting a preference for assets exhibiting strong growth metrics.