[비즈한국] According to CoinMarketCap, a global virtual asset market tracking site, Velvet topped the cryptocurrency market with a 49.57% increase from 6:00 on August 7 to 6:00 on August 14. Velvet's current price is 1,006 KRW, having risen 1.90% over the last 24 hours. Velvet is a protocol focused on on-chain asset management and the design of structured products, with its strength cited as the flexibility in configuring DeFi strategies.
ether.fi rose 21.03% for the week, placing second. The current price of ether.fi is 609 KRW, marking a 13.86% surge in the last 24 hours. ether.fi is a project linked to an Ethereum liquid staking-based restaking ecosystem, characterized by its ability to increase staking capital efficiency.
pump.fun took third place with a weekly gain of 20.42%. Its current price is 4.1 KRW, with a 6.96% increase in the last 24 hours. pump.fun is a Solana-based meme coin issuance platform; its key feature is enabling anyone to easily create and distribute tokens.
OKX token ranked fourth, rising 20.35% for the week. It is currently priced at 145,862 KRW, up 5.06% in the last 24 hours. The OKX token is highlighted as a utility token that provides fee discounts and service integration within the exchange ecosystem.
Curve Finance token placed fifth with a weekly gain of 19.66%. Its current price is 363 KRW, down 3.51% in the last 24 hours. The Curve Finance token has a competitive edge in low-slippage trading based on an automated market maker structure centered on stablecoins.
Worldcoin rose 12.74% and is trading at 481 KRW. Cosmos is trading at 2,149 KRW, up 11.44%.
At the same time, Bitcoin SV stands at 21,277 KRW, up 10.52%. Mantle recorded a 9.40% increase and is trading at 635 KRW. Venice token rose 8.16% to 17,404 KRW.
Velvet Gains Momentum with Epoch Rewards and StableChain Integration
Velvet (VELVET) is a DeFi protocol that allows users to create on-chain asset management strategies and design structured products. It supports a structure where users can combine various DeFi strategies to create customized portfolios and share them or distribute profits with other users.
This week's gain came from a combination of recent platform function expansions and a restructuring of the reward system. Along with the announcement of Epoch 11 rewards on August 13, the addition of StableChain support to the trading terminal simultaneously increased transaction convenience and profit expectations. Consequently, an additional rise of around 15% continued on a 24-hour basis, concentrating a significant portion of the weekly gains in the final few days.
ether.fi Separates Staking and Restaking Through weETH Restructuring
ether.fi is a protocol that combines Ethereum liquid staking (LST) and restaking, providing a structure that efficiently utilizes staking capital through the weETH token. Existing weETH was an integrated product that provided both staking rewards and restaking rewards simultaneously.
The restructuring of the product played a role in the price strength this week. On August 6, ether.fi announced that it would separate the restaking function from weETH to create a new token, weETHs. As a result, the options have been subdivided: weETH receives only pure Ethereum staking rewards, while investors who want additional profits can hold weETHs separately.
The market interpreted this as an attempt to reduce investor confusion and increase the inflow of staking capital in the long term, amidst a climate where demand for restaking has contracted. With the remaining restaking assets in EigenLayer reduced to less than 1%, it appears that funds rotated into this theme as the product lines were redesigned.
pump.fun Recovers Solana Meme Coin Market Share and Expands DEX
pump.fun's rise was backed by news of its recovery in market share within the Solana-based meme coin market and the expansion of its own DEX. Having regained the market share it lost to rival platforms earlier this year, it has come to dominate around 60% of Solana launchpad revenue. Along with this, the company has simplified the token listing process and improved liquidity supply structures through its decentralized exchange, PumpSwap, enhancing platform usability.
However, risks remain, as the meme coin market is highly volatile with short trend cycles; if trading volume and new token issuance trends decline after the rally, the scale of the drop could rapidly expand.
DeFi Recovery, Infrastructure Rotation, and Signs of Profit-Taking
In the top rankings, DeFi, exchange tokens, AI-linked items, and meme coin platforms were represented, showing a rotation flow. In particular, Velvet, ether.fi, and Curve Finance token showed the recovery of the DeFi theme, while Worldcoin and Venice token attracted attention as a group of stocks reflecting AI expectations. In addition, with OKX token, Mantle, and Cosmos—all based on different ecosystems—showing joint strength, the altcoin market this week showed complex buying trends rather than focusing on a single sector.
However, most of the top-performing tokens showed small fluctuations or downward trends in the last 24 hours compared to their weekly gains. This suggests the possibility of profit-taking following a short-term surge and a slowdown in upward momentum. Rather than a market-wide rally, the situation is one where individual positive news and thematic rotations intersect; in the coming week, the direction of fund movement is expected to depend on tokens with new announcements and structures linked to actual token demand.
※ This article was written by BizHankook and MetaVX's generative AI together.