Market Brief | May 14

$BTC -0.27%, Price $104.13K, Closed at $103.85K, slight decline during the day, trading volume remains high, the number of active addresses on-chain increased by 20% month-on-month

$ETH +0.22%, Price $2.62K, Closed at $2.69K, DeFi TVL has been rising for several days to $56B, daily on-chain transaction count slightly increased, network fees and Staking demand remain steady.

$BNB +1.01%, Price $663, the platform token shows strong performance, briefly reaching a high of $690, BSC TVL has accumulated a 170% increase over the past 7 days, indicating accelerated capital rotation.

$SOL fluctuating within a range, Price $181, 24-hour DEX trading volume reached a near-month high of $35.6B, TVL surged 52% month-on-month, highlighting scalability value.

◆ Main Line:

Besides DeFi blue chips and Layer1, the inflow of cross-chain bridges (Arbitrum) and Layer2 (Mantle) is the most significant;

Game chains (Sui, Aptos) saw explosive on-chain activity driven by airdrops and new games;

RWA and Base chains show a trend of institutional accumulation;

Future layouts can focus on cross-chain bridges and Layer2, game/NFT chains, and RWA as niche segments based on DeFi + Layer1.

◇ Macroeconomics:

— US stocks hit new highs: On Tuesday, the S&P 500 rose 0.7%, and the Nasdaq closed up 1.6%, with tech stocks leading the gains;

— US Treasuries and the Dollar: The 10-year US Treasury yield slightly rose to 4.48%, the two-year yield touched 4.01%, and the dollar index fell to about 101.3, reflecting a slight warming of market risk appetite.

— China-US Trade: At the Geneva talks, both sides agreed to suspend most tariffs for 90 days—US tariffs on Chinese goods reduced to 30%, and Chinese tariffs on US products reduced to 10%, buying time for subsequent comprehensive negotiations.

★ Conclusion:

Long-term Core: Continuously accumulate DeFi blue chips + Layer1 + cross-chain bridges, prioritizing stable returns and ecological upgrades.

Medium-Short Term Opportunities: Pay attention to game/NFT chains and RWA project airdrops and liquidity windows.

BTC Watch: High volatility range $100–105K, wait for increased volume or breakthrough signal confirmation before entering.

BNB & SOL: Track BSC TVL, Solana DEX trading, and on-chain activity data to capture secondary acceleration points.