Foresight Ventures Weekly Market Report: The market fluctuates in a wide range and the Cosmos ecology is prosperous

Foresight

特邀专栏作者

2022-08-28 11:40 (UTC+8)

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A list of the important news of the week.

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A list of the important news of the week.

market view

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Overall monetary liquidity tightened. OPEC intends to cut production, and the international oil price has soared back to the July level, and the market is worried about the resurgence of inflation. In order to secure the US mid-term election in November, the probability of the Federal Reserve raising interest rates by 75BP in September has greatly increased, and the market is waiting for the Jackson Hole global central bank annual meeting. The U.S. dollar index is near a 20-year high, the 10-year U.S. Treasury yield is as high as 3%, and funds have flowed out of risky assets. CRYPTO followed the U.S. stock market to adjust sharply.

The whole market

The top 100 gainers by market capitalization:

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The whole market

The top 100 gainers by market capitalization:

1) The Cosmos ecology (ATOM, EVMOS, CANTO, KUJIRA, etc.) is full of vitality. The EVM public chain EVMOS on Cosmos has soared by 50% this week, and the pledged APR is as high as 300%. Many people rely on pledges to quickly pay back. The new DEFI free public chain CANTO has recently begun to calculate mining rewards, with a lock-up volume of more than 70 million US dollars, which is the public chain with the fastest growing TVL this week. There will be more than 10 airdrops in the COSMOS ecosystem in the near future.

3) GMX rose 25% this week, and the fee income increased significantly. GMX, a decentralized contract exchange on L2’s Arbitrum, has seen a trading volume of $400 million these days. The handling fee of GMX in the last three months is about 1.25 million/week; the handling fee of FTX in the last three months is about 12 million/week, and the difference between the two is only 10 times. The main reason for the rapid growth of GMX is that the contract transactions on the chain are growing as a whole, and DEFI has seized the share of CEFI. The decentralized contract exchange fee rate of 0.3% is much higher than that of centralized exchanges, but it has advantages in terms of KYC-free and unlimited regions.

1) Data on the chain

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1) Data on the chain

2) Futures market

Network activity on the BTC chain is weak. Recently, the price of BTC has strengthened to 24,000 US dollars, but there has been no change in the large-scale transfer demand of retail investors on the chain, which further confirms the potential weakness of this market rebound. Exchange traffic is now down to late 2020 levels, and there is no indication that this rally has attracted a new wave of investors into the market, meaning the influx of capital has been relatively muted.

The long-term trend indicator MVRV-ZScore is based on the total market cost and reflects the overall profitability of the market. When the index is greater than 6, it is the top interval; when the index is less than 2, it is the bottom interval. The current indicator is -0.02, returning to the green bottom-buying range.

Futures funding rate: This week, the rate is mainly negative, and the market is bearish on a large scale. More investors believe that the current rally is over and the market will continue to follow the downward trend. The fee rate is 0.05-0.1%, with more long leverage, which is the short-term top of the market; the fee rate -0.1-0%, with more short leverage, is the short-term bottom of the market.

3) Spot market

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market data

The total lock-up volume of the public chain

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The total lock-up volume of the public chain

This week, the overall TVL dropped by 1.38B, a drop of 2.16%. The TVL value can be considered as falling below the range platform, and there may be a further downward trend along with the market.

Proportion of TVL of each public chain

7) Arbitrum lock-up volume

1) ETH lock-up volume

2) BSC lock-up volume

3) Tron lock-up volume

4) Solana lock-up volume

5) Avalanche lockup volume

6) Polygon lock-up volume

7) Arbitrum lock-up volume

8) Optimism lockup volume

History of ETH Gas fee

NFT market data changes

NFT market data changes

NFT sector index

Overview of NFT market transactions

NFT-500 Market Value

This week, the total value of the NFT market continued to decline. At present, from the perspective of the proportion of various types of NFT, the Social type accounts for 84%, the Metaverse type accounts for 12%, the Art type accounts for 3.43%, and the Game type accounts for 1.47%. Judging from the market value of various types in the past six months, the total value of the Metaverse type has increased slightly, while the Game type has dropped by more than 10 times.