[비즈한국] This column summarizes the market conditions and trends of major cryptocurrencies within the top 100 by market capitalization each week. We provide comprehensive core information, covering not only major assets like Bitcoin and Ethereum but also key issues in the altcoin market and global policy variables. We make understanding the volatile cryptocurrency market as easy and fun as watching Netflix.
According to CoinMarketCap, a global virtual asset market tracking site, Injective recorded the highest weekly growth rate of 35.72% in the cryptocurrency market from 7:00 AM on May 8 to 7:00 AM on May 15. The current price of Injective is 7,772 KRW, and it has risen 2.38% over the past 24 hours. Injective is a Cosmos-based Layer 1 blockchain designed to support decentralized derivatives trading and the tokenization of real-world assets.
BuildOn ranked second with a weekly growth rate of 33.77%. The current price of BuildOn is 714 KRW, and it has fallen 27.30% over the past 24 hours. BuildOn is a project focused on expanding the liquidity and utility of the USD1 stablecoin on the BNB Chain.
Humanity ranked third with a weekly growth rate of 26.88%. Its current price is 378 KRW, and it has risen 0.095% over the past 24 hours. Humanity is a digital identity infrastructure project that verifies human status using biometric information and zero-knowledge proofs.
Sui took fourth place with a weekly growth rate of 24.11%. The current price of Sui is 1,786 KRW, and it has fallen 0.26% over the past 24 hours. Sui is a Layer 1 blockchain aimed at enabling high-speed processing and large-scale financial services based on parallel execution and an object-oriented structure.
Venice Token ranked fifth with a weekly growth rate of 23.33%. The current price is 22,403 KRW, and it has risen 4.06% over the past 24 hours. Venice Token is an access token for using privacy-preserving AI inference services.
Celestia rose 21.21% and is trading at 696 KRW. Flare is trading at 13 KRW, up 18.25%.
At the same time, XDC Network is at 50 KRW, up 16.18%. Curve Finance Token recorded a growth rate of 16.07% and is trading at 417 KRW. BinanceLife rose 14.63% to 618 KRW.
The weekly strength of Injective is interpreted as being tied to updates regarding its intelligence platform announced in May. Coinness reported on January 29 that Injective would introduce a native high-performance EVM to its Layer 1, which the market appears to have reacted to as a sign of technical scalability, given that it allows Ethereum-compatible dApps to be used on Injective.
For BuildOn, expectations surrounding Binance Alpha and World Liberty Financial (WLFI) that were reignited in May seem to have influenced its price. According to the Binance price page and CMC description, BuildOn focuses on expanding USD1 liquidity and trading pairs on the BNB Chain, leading to assessments that it has a structure where demand can follow as the utility of the stablecoin expands.
Humanity appears to have been re-evaluated by the market recently due to its 'Proof of Trust' transition plan revealed in February. The official Humanity website highlights self-sovereign digital identity and zero-knowledge proof-based verification as its core features. Industry experts explain that it could expand into infrastructure that verifies age, residence, or qualifications without revealing personal information.
A common feature among the top 10 gainers this week is that capital gravitated toward projects with strong technical narratives such as infrastructure, Layer 1, stablecoin liquidity, digital identity, and AI access rights. In particular, projects showcasing practical, real-world utility showed strength, and assets with proven network utilization and ecosystem scalability were evaluated as having a relative advantage over simple meme-based narratives.
※This article was co-written by Bizhankook and MetaVX's generative AI.