Bitget Research Weekly News: The activity of funds in the market is sluggish, and the hype of Memecoin is gradually cooling down

1. Market Focus Market Trends

1. Market Focus Market Trends

This week (05.15-05.19) the focus topic that the market pays most attention to is:

• The activity of funds in the market is poor, and the market is waiting for a new narrative

• The market sentiment has recovered, and the broader market has seen a multi-faceted market

• The strengthening of the US dollar exchange rate drives the weak trend of BTC, and the short-term market hype continues to cool down

• The minting volume of World App NFT exceeded 65,000, and the enthusiasm for meme coin hype declined

• 2. Popular Projects

2. Popular Projects

The hottest projects this week (05.15-05.19) are:

LMWR（Token）：It is a platform for creators, providing a platform for creators and fans to communicate, helping artists, musicians, and video creators develop their own communities and earn additional income. On May 17, the project announced that Kraken, Crypto.com, Gate, Bybit, Kucoin and other exchanges listed tokens, and the activity on the chain increased;

W$C（Token）：Positioning is the first decentralized encrypted national currency driven by smart contracts and based on direct democracy. It is similar to the concept of World coin. The recent bottom has risen significantly. The liquidity on the chain is 440,000 US dollars, and the transaction volume in the past 24 hours is 82,000 USD, the contract detection has the function of additional issuance, which can keep observation;

Gala（token）：On May 16, the snapshot of Gala v2 ended. All native GALA tokens can be exchanged for GALA (v2) in the future. The team will also destroy 500 million GALA every quarter in 2023. It was revealed on the website that an additional 3.96 billion GALAs are currently being destroyed, which is the total income received by the team from GALA; the price of GALA has risen by 15% since the news came out the day before yesterday, and it is currently consolidating at a high level, with a 24-hour transaction volume of 240 million Dollar;

HV-MTL（NFT）：A Boring Ape derivative NFT, the HV-MTL (Heavy Metal) collection consists of 30,000 mechs from 8 different power types. Beginning March 15, 2023, eligible Sewer Passes can be burned to summon a Power Source that will reveal an Evo 1 mech. Evo 1 holders can use their Evo 1 to participate in future mini-game sets to unlock additional HV-MTL evolution stages. At present, the total transaction volume of NFT is 27,699 E, the floor price is 1.05 E, and there are 10,100 addresses, so you can keep paying attention;

Introducing World App（NFT）：Worldcoin, the cryptocurrency company founded by OpenAI CEO Sam Altman, launched the "Introducing World App" NFT to celebrate the release of the World App, and the minting volume has exceeded 65,000; It is a Polygon-based cryptocurrency wallet with only basic functions for buying, selling, storing and sending tokens. Users with a World ID can access some applications and services. The World App will provide a gateway for World ID users to claim allocated Worldcoins.

mint.fun (NFT)：mint.fun is an NFT mint aggregation platform. After the user connects to the wallet, he can carry out the corresponding NFT series mint. The operation interface is simple and clear, and the displayed information is comprehensive. Also for creators, creators can start your own NFT projects on mint.fun. Owning NFTs and buying NFTs that are on sale on mint fun can get reward points. The deadline is May 15. Since yesterday is the last day before the deadline, it occupies a higher position in gas consumption;

Loyalty Program（NFT）：Mint’s NFT in zkBridge Mainnet Alpha is an activity organized by Polyhedra x Galxe. Users go to Mint NFT to get points due to airdrop expectations. More than 70,000 people have participated in this activity on Galxe;

Rocket Pool（Dapp）：Interest-generating projects in the LSD sector, TVL continues to rise after the upgrade in Shanghai, and users are more enthusiastic about staking. At present, TVL has reached a new high; staking ETH on the platform can get 5%/8% node rewards, and you can participate or pay attention; the token is online Bitget;

zkSync（Dapp）：Recently, the interaction activity of zkSync has been maintained at the top of the new ETH users. According to the latest data from dune, there are 547,000 independent wallet addresses on the zkSync Era main network, and 204,000 ETH cross-chain to zkSync. The number of times reached 667,000, and the user activity remained good, showing an upward trend recently;

Layer Zero（Dapp)：3. Hot Search Topics Hot Searches

3. Hot Search Topics Hot Searches

The hottest topics this week (05.15-05.19) are:

Ledger（Dapp）- The hardware wallet Ledger launched an ID-based key recovery service "Ledger Recover", which attracted strong opposition from some users. This defeats the purpose of hardware wallets.

PulseX（Token）- The project of the well-known KOL Richard Heart - Pulse Network is about to launch the main network, detonating the enthusiasm of the Pulse chain community. According to PulseX’s official website information, Pulsechain will be a more energy-efficient and secure eth fork; all Hex, Link, Uni, USDC, Dai and other assets will completely copy assets on ETH; all ETH holders will airdrop PLS tokens;

AXS（Token）：[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.

Bitget Research Institute focuses on "focusing on the data on the chain and mining value assets". By constantly monitoring data on the chain and regional hot searches and other dimensions, it mines cutting-edge value investments and provides institutional-level insights for crypto enthusiasts. So far, it has provided Bitget global users with [Arbitrum Ecology], [AI Ecology], [SHIB Ecology] and other early value assets of many popular sectors, and created better wealth for Bitget global users through in-depth research driven by data effect.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.