Bitget Research Institute: Avalanche succeeds Solana in rising volume and price, and TIA currency price breaks new high
1. Popular currencies
SATS (BRC-20 Token): Binance launched SATS, rekindling the hype of BRC-20 tokens. sats surged by more than 100% in a short period of time, the trading volume increased by more than 5 times, and the 24-hour trading volume exceeded 130 million US dollars. At the same time, it drove BRC-20 tokens such as ORDI and RATS to skyrocket.
IMX (Token): IMX has been very popular recently, and whale users are active. According to Nansen 2 data, Smart Money is on the Ethereum network fund inflow tracking list for 24 hours. IMX is about 2.99 million US dollars. According to Lookonchain monitoring, 3 wallets (possibly belonging to the same whale) withdrew 4.3 million IMX ($9.6 million) from Binance and continued to buy on the exchange.
QI (Token): QI is the native token of Avalanche’s ecological lending protocol BENQI, and its price has performed well recently. According to DefiLlama data, Benqi’s total lock-up volume (TVL) rebounded to exceed 520 million US dollars, an increase of more than 50% in 7 days, reaching a new high since 2023.
INJ (Token): Injective is an application-specific blockchain built using the Cosmos SDK and aims to be an interoperable decentralized trading infrastructure layer. The currency price of INJ has risen sharply in the past 24 hours. Recently, InCel entries have appeared frequently in the encryption community, referring to the Cosmos-based Layer 1 blockchain Injective and the modular blockchain Celestia. The two projects have performed eye-catchingly in currency prices recently.
MND (Token): A new AI-themed project, LIQUIDITY in the on-chain transaction pool = $1.18 M, 24-hour transaction volume reached $4.38 M, number of currency-holding addresses on the chain = 2.20 K, contract authority has been given up.
2. Popular NFTs
Pudgy Penguins (NFT): Pudgy Penguins announced the launch of 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
Chainlink (Dapp): On December 12, Chainlink officially stated that Chainlink Staking v 0.2 has been opened to the public. Since the community pool fills up during early access, anyone can stake LINK once existing stakers complete their withdrawals and pool space becomes available.
Port 3 (Dapp): The social data gateway Port 3 Network announced that the cumulative transaction volume of BQL transaction theme mining has exceeded 100 million US dollars, and the fee income has reached 500,000 US dollars. BQL transaction mining is an activity organized by Port 3 Network. By running BQL scripts to execute transactions, you can share 80% of the handling fee cash income prize pool, as well as a total of 350 million Gemstone rewards.
Polygon (Dapp): (1) FIFA turned to the Polygon network to launch NFT (FIFA’s NFT was originally minted on Algorand). (2) Polygon Labs announced the launch of Polygon Portal. Polygon Portal provides a complete dashboard for asset bridging and management on Polygon PoS, Polygon zkEVM and Ethereum chains, providing a unified bridging user experience (UX), third-party bridging, Refuel Gas functionality, developer tools, documentation, support and feedback.
XPET (Dapp): XPET Mobile version is online today. The socialfi project on the Arbitrum chain has a gameplay similar to Fren Pet, requiring players to feed and accompany 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.
MUX Protocol (Dapp): MUX broke a new 7-day trading volume record with $1.5 2B traded this week. MUX Protocol is a DEX Perp aggregator that can automatically select the best liquidity path to reduce traders costs while meeting the needs of opening positions.
4.Twitter hot discussion
IMX (Token): IMX has been very popular recently, and whale users are active. According to Nansen 2 data, Smart Money is on the Ethereum network fund inflow tracking list for 24 hours. IMX is about 2.99 million US dollars. According to Lookonchain monitoring, 3 wallets (possibly belonging to the same whale) withdrew 4.3 million IMX ($9.6 million) from Binance and continued to buy on the exchange.
5. Regional hot searches
QI (Token): QI is the native token of Avalanche’s ecological lending protocol BENQI, and its price has performed well recently. According to DefiLlama data, Benqi’s total lock-up volume (TVL) rebounded to exceed 520 million US dollars, an increase of more than 50% in 7 days, reaching a new high since 2023.
[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.
