Foresight Ventures Weekly Brief: Inflation data in line with expectations, crypto markets continue to rebound
Market View:
1. Macro liquidity
1. Macro liquidity
2. The whole market situation
The top 100 gainers by market capitalization:
Currency liquidity is loosening. The U.S. CPI rose by 6.5% year-on-year in December, in line with expectations, and the growth rate has slowed for three consecutive months. "New Federal Reserve News Agency" said that the next February rate hike is likely to be 25 basis points (50 basis points in December), strengthening the Fed's expectation of slowing down interest rate hikes. The U.S. dollar index DXY plunged to a seven-month low. The logic of market trading will begin to change. U.S. stocks rebounded to a four-week high, and the encryption market followed the breakthrough of U.S. stocks.
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2. The whole market situation
2) OP: At present, the daily active addresses and daily transaction volume have surpassed the Arbitrum chain, partly due to token incentive activities. OP will launch a bedrock upgrade this month. In May, it will benefit from the sharp drop in the upgrade fee of Ethereum eip 4484. On May 31, there will be a market value of 200 million US dollars unlocked.
3. BTC market
1) Data on the chain
3) CULT: Introducing a new rug the game repo burn. CULT issues 10 new currency pools, withdraws the smallest pool a week, and distributes it to other currency holders, which is essentially gambling. However, the VC logic of CULT's main business decentralization has been falsified.
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3. BTC market
BTC’s on-chain activity has changed little. The number of BTC active wallet addresses in 2022 will be basically the same at about 4.5 million, showing a gentle upward trend in the past 4 years. But it is obvious that after Q1 in 2021, the overall trend has stagnated, and the high point in 2017 has not been surpassed.
2) Futures market
The number of BTC transactions will be flat in 2022. The number of transactions also peaked in 2017, and there has been a long-term lack of growth since then. Part of the reason may be the narrative of BTC hoarding coins, and retail investors are reluctant to trade after buying.
On-site funds still continue to flow out. It shows that the main force of this short-term rise is not the new inflow of funds outside the market, but the main force is that the short positions on the market are forced to cover their positions.
2) Futures market
3) Spot market
3) Spot market
market data:
1. The market rebounded slightly this week. BTC encountered the suppression of the 18,500-week line, which is the short-term bull-bear dividing line, and the follow-up market depends on whether it can break through and stand firm. Judging from the capital inflows of major exchanges, more than US$1 billion has been inflowed in the last week. However, the total market value of stablecoins on the market did not increase, indicating that this rebound was due to the funds on the market taking advantage of the upgrade of Ethereum Shanghai and favorable inflation data to force short-covering.
market data:
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The total lock-up volume of the public chain
Following the continued rise in TVL last week, TVL increased by 2.4 2B this week, which has a certain gap compared with the increase of BTC and ETH, which may indicate that the follow-up status of small currencies is weak, and funds are transferred to mainstream tokens or the amount of funds in the market Insufficient, the market still lacks confidence.
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2. Proportion of public chain
This week, the TVL of all chains has increased significantly, and most of the agreements under it have also ushered in a rebound. It basically shows that the growth of the lending agreement of the large public chain exceeds that of the DEX agreement, and the growth of the DEX type of the small public chain is greater than that of the lending type. In addition, Arbitrum has experienced stagflation this week. , completed the overtake of Polygon last week, ranked fourth in TVL in all chains, and fell back this week.
1) ETH locked position situation
2) BSC lock-up volume:
5) Polygon lockup volume
4. History of ETH Gas fee
This week’s Gas is basically the same as last week. The current average transfer fee on the chain is about $1.41, the average Uniswap transaction fee is about $4.62, and the Opensea’s average transaction fee is about $1.76. From the perspective of Gas consumption, Opensea’s seaport protocol occupies the No. 1 spot. First, Blur consumption also occupies the top 5. In the short term, the activity of NFT transactions has increased significantly. In addition, the consumption of Optimism chain has recently increased.
5. Changes in NFT market data
NFT-500 Market Cap:
Overview of NFT market transactions:
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Number of active users on different platforms:
The latest financing of the project
Disclaimer: All Foresight Ventures articles are not intended as investment advice. Investment is risky, please assess your personal risk tolerance and make investment decisions prudently.
Foresight Ventures backs innovative and disruptive Web 3 projects. We believe that the future of innovation will be defined by crypto. As early investors, we want to participate in the growth of the project and provide extensive support from our ecosystem.
This week, the blue-chip projects in the NFT market saw a substantial increase in transaction volume, more than doubling the growth scale compared to last week. The overall market value of the NFT market has also seen a large recovery recently. From January 1st to January 12th, the cumulative increase of 12 % , in addition, the number of transaction users and the number of transfers on the chain have also increased significantly recently, but the increase in the number of transaction users mainly comes from Blur. It cannot be denied that it has been affected by airdrop expectations, but the NFT market does show signs of recovery. The Capitanz project, which is at the top of the trading list, is the second NFT product issued by the Memeland team after Potatoz. Although its trading volume is extremely high, judging from the transaction data, the casting price is 1.069 ETH, and the price on the first day of listing is pushed to 6 ETH or more, and the number of Opensea daily transactions dropped from more than 800 to less than 40 within a week. The market maker has obvious control over the market, and users who receive high orders in the short term may face long-term traps.
The latest financing of the project
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