Bitget Research Institute: The market is undergoing a correction, and Ethereum Layer 2 TVL has exceeded a new high of 16 billion US dollars.
1. Popular currencies
KONG (Token): The ancient inscription deployed on March 13th. Jack Kong@iPollo strongly recommended it and organized the community. The project has recently increased 40 times in a single day, ranking second in 24-hour on-chain transaction volume, 22+BTC, nearly 1 million US dollars, second only to sats.
MEMES (Token): Full name is Memes Street, a meme coin related to Elon Musk, which has been highly popular recently. Although there are more contract risks, the project contract ownership has been given up and LP has entered the black hole address. The 24-hour trading volume is nearly 6 million US dollars, generating 4,500+ transactions. It is very popular and you can continue to follow it.
BSSB (Token): Decentralization based on the Bitcoin networkStablecoinProtocol Bitstable (token BSSB), the project’s liquidity pool on DEX is US$2 million, and the total market value is US$15.5 million. Currently, the project has enabled the staking function, and you can get BSSB by staking DAII. The 24-hour trading volume is 4.6 million U.S. dollars. The token has been under certain downward pressure recently. On the innovation track, the project token can continue to be paid attention to.
KEKE (Token): The meme coin of the frog series, a project that was just launched on TGE within 3 days, and the currency has grown well since the project went online. The liquidity on the chain is US$350,000, the total market value of the project is US$1.74 million, and the 24-hour trading volume is US$6.3 million. The data shows that the transaction volume of the project is still good, and the community’s willingness to speculate is relatively strong.
SNX (Token): The token of the well-known DeFi project, the market today has a downward trend, but SNX has bucked the trend in the recent past, with a strong trend, and the communitys willingness to trade is more obvious. Looking at the contract, the open interest volume of the project has reached a recent high, and the popularity is high, so you can continue to pay attention.
2. Popular NFTs
Ethrunes（NFT）：EthereumThe suddenly popular ERC 1155 Ether Inscription protocol. Judging from on-chain data, the frequency of participation in Mint is very high. When Mint came out, NFTs in 1155 format were displayed in NFT trading markets such as Opensea. There was no transaction data in the secondary market. It was mainly the first level of innovation, so you can continue to pay attention.
! fundrop (NFT): NFT minting aggregator mint.fun announced the end of the !fundrop event, currently allowing !fundrop Pass holders to mint !fundrop Finale IDs on Base. The ID attributes are generated based on points, streaks, level achievements, etc. Since !fundrop began, over 513,547 people have minted !fundrop Passes and over 382 have been issuedETHaward.
Smart Cats (NFT): SmartLayer-related NFT currently has 800,000+ holders. Smart Cats can be fed, cleaned and other operations to upgrade the NFT. Because users anticipate SmartLayer’s future airdrops, the transaction volume of this NFT is very high.
Pudgy Penguins (NFT): NFT project Pudgy Penguins announced that it will launch Pudgy World Alpha in the first quarter of 2024, powered by zkSync. Pudgy World is a digital experience that closes the loop on its physical products, allowing Pudgy Toy holders to scan the accompanying QR code, create an account, redeem features and customize their Forever Pudgy Penguin. An important part of the Pudgy World Alpha release is the introduction of new characters Pudgy Peaches.
3. Popular DAPPs
Maestro (Dapp): As a well-known on-chain bot, Maestro is deeply loved by users in the crypto community. Maestro has a first-mover advantage and a good user base. At present, Maestros daily handling fees have increased to the previous high, reaching 150,000-200,000 US dollars, maintaining the top position in the BOT track.
TinyTap (Dapp): TinyTap is a large library of teacher-created games, and the project became part of Animoca Brands, which aims to build an open education system based on the blockchain. Animoca Brands claimed that it intends to purchase additional EDU tokens from the open market, and Binance Labs invested US$3.15 million in the Web3 education protocol Open Campus, bringing a certain amount of traffic to the web3 education sector.
Port 3 (Dapp): Port 3 is a social dataOracleThe project, incubated by Binance Labs, has main features including creating a decentralized social data oracle based on data aggregation, providing open data layer services for various Web3 identity and asset applications, and introducing an incentive layer to empower contributors, ultimately realizing user data Ownership; Port 3’s social data oracle aims to solve three core issues: organization and connection of data, ownership of data rights to users, and protection of user privacy.
xPet (Dapp): A socialfi project on the Arbitrum chain. The gameplay is similar to Fren Pet. It requires players to feed and accompany their pets and ensure their survival, thereby helping players earn token rewards. The difference from Fren Pet is that xPET uses browser plug-ins to play games instead of home screen games like Fren Pet, which means xPET has more possibilities for strong interaction with Twitter.
Layerzero (Dapp): LayerZero Labs made it clear on its social platform today that the protocol has a native token. In response to community discussions over the past few months, it now states that it will have a LayerZero token. We are currently working on its distribution and expect it to be completed in the first half of 2024.
Wormhole (Dapp): Wormhole completed US$225 million in financing at a valuation of US$2.5 billion. There was no leading investor in this round of financing. Brevan Howard, Coinbase Ventures, Multicoin Capital, ParaFi, Dilectic, Borderless Capital, Arrington Capital, and Jump Trading participated cast. This round of financing is also the largest round of financing for cryptocurrency projects in 2023.
StarkEx (Dapp): The Starknet Foundation confirmed a screenshot showing a draft airdrop plan and stated that an airdrop snapshot has been taken. Plans are currently underway to distribute tokens to certain past active users and contributors. The qualification deadline for airdrops has been set, and any subsequent operations by users will not affect future airdrops. He also stated that the final official standards and detailed information on airdrop distribution will be shared in the future.
4.Twitter hot discussion
SOL (Token): According to Defillama data, the TVL of Solana network rose to US$902 million, and the TVL of multiple protocols in the Solana ecosystem increased significantly. Solana tokens have experienced substantial growth, and projects in the ecosystem have generally begun airdrops, which has a strong wealth creation effect.
5. Regional hot searches
Bitcoin (Token): According to market data, Bitcoins maximum decline reached 7.5% within 2 hours, and many popular altcoins fell by more than 15% in a short period of time.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
