Bitget Research Institute Weekly News: Solana assets lead the market, Bitget platform currency BGB continues to reach new highs

In the past week (12.18-12.22), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (12.18 -12.22) the market’s most focused topics are:

• Unisat is about to support Arc 20 assets, and Solana assets lead the market

• ETF review is approaching, BTC returns to $44,000, and the inscription market spreads to various public chains

• Bitcoin Cats causes FOMO on the chain, Bitget platform currency BGB continues to reach new highs

• The market rebounded strongly after a brief correction, and Helium Mobile led the DePIN track to surge

• The price of Inscription Track tokens generally fell, and Bitget platform currency BGB hit a record high

2.Popular Projects

The most popular projects this week (12.18 -12.22) are:

TURT (Token): $turt is the platform currency of @Turtsat, which is the IDO platform of the BRC 20 inscription project. TurtSat also provides a new token issuance method for the Ordinals ecosystem through the donation agreement, and users will lock it in after donating. After waiting for the block confirmation, the tokens will be automatically transferred to the users wallet, so there is no problem of GAS war. It can not only ensure fairness, but also reduce GAS costs and provide early income for the project party.

MUBI (Token): MUBI is the native protocol token of the BRC 20-ERC 20 cross-chain bridge project Multibit. With the popularity of the BRC 20 ecology, the corresponding hype has also expanded to Ethereum. Multibit allows users to convert BRC 20 from Bitcoin The currency network cross-chains to the Ethereum network to enjoy the corresponding Defi ecology, because this unique function has been sought after and hyped by market funds.

BSSB (Token): Bitstable (Token BSSB), a decentralized stablecoin protocol based on the Bitcoin network, has a liquidity pool of US$4.78 million on DEX and a total market value of US$50 million. Currently, the project has enabled the staking function, and you can get BSSB by staking DAII. The 24-hour trading volume is 11.16 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.

BIIS (Token): One-stop BRC ecosystem infrastructure, providing a complete set of tools, including Launch, cross-chain, batch distribution, batch collection, signature distribution, batch operations, etc. of BRC 20/420/721/100, etc., project It has a market capitalization of US$20 million and a 24-hour trading volume of US$1.98 million, making it very popular.

Bitcoin cats (Token): Bitcoin Cats is a game project released on the Bitcoin network. Yesterday’s IDO on BakerySwap caused FOMO on the chain. The subscription amount was raised 150 times. The token 1 CAT has been opened for trading. The current total market value 35 million, the 24-hour trading volume was 38 million US dollars, and the 24-hour price increased by 83%.

BITMAP (NFT): Bitmap.land is the first metaverse project in the Bitcoin ecosystem. The project is based on Ordinals theory and Bitmap theory. It is currently developing a primary market for virtual land. On sale.

Pudgy Penguins (NFT): As the best-performing NFT project in the NFT bear market last year, Pudgy Penguins is well-deserved No. 1. Most of the holders of PP are Defi OG or related practitioners in the encryption industry. The overall holder community is relatively high-quality, and the project is also continuing to develop and promote marketing.

Magic Eden (Dapp): Magic Eden is a user-friendly platform known for its fast processing times, solid security, and a variety of compelling features that make buying and selling easy. For example, Magic Eden works closely with creators through its Launchpad to help them create, mint, market, and successfully launch their projects. Magic Eden is a Solana-based peer-to-peer marketplace designed for trading non-fungible tokens (NFTs).

LaunchBlock (Dapp): Grapes, a cross-media NFT project invested by Animoca, was publicly sold on the LaunchBlock platform, raising a total of 40,321.7 ETH, approximately US$89,478,626.49. GRAPE will be launched on Bitget, KuCoin, and Bybit platforms. The project will launch games, animated series, merchandise, and a series of licenses in May 2023.

Port 3 _aggregator (Dapp): The Port 3 project is a blockchain project designed to become a Web3 social data gateway, which provides open data services by aggregating Web2 and Web3 data. The design of Port 3 includes three core modules: data collection, data reading and data application to support the aggregation of community dynamics, social media trends and on-chain transaction data.

3. Hot Searches

The most popular topics this week (12.18 -12.22) are:

SEI (Token): The V2 version released by SEI in early December focuses on transaction functions and solves the scalability problem of L1 and L2 infrastructure. The parallel EVM of the V2 version can bring huge application scenarios and user levels. Recently, with Inscription generating a large amount of Txn and spam messages, many public chains have experienced problems of varying degrees such as downtime, and SEIs parallel EVM concept has begun to be hyped.

INJ (Token): Yesterday, Injective inscription INJS announced that it would launch the first inscription market in the Injective ecosystem. However, before the start of casting, Injective issued a warning on its official Twitter, urging users not to participate in INJS inscription. Injective noted that the INJS team was not forthcoming, charging fees during the minting process and depositing these fees into unverified wallets.

SOL (Token): Recently, memes, inscriptions, and DePINs on Solana have become the community’s wealth password one after another. The Solana ecosystem is expected to be reborn, greatly increasing the use scenarios of Sol. Solana’s native token SOL has been rising continuously recently.

Bitget Research Institute focuses on focusing on on-chain data and mining value assets. Through real-time monitoring of on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for crypto world enthusiasts. So far, it has provided Bitget global users with early value assets in many popular sectors such as [Arbitrum Ecosystem], [AI Ecosystem], and [SHIB Ecosystem], and created better wealth for Bitget global users through in-depth data-driven research. effect.

[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.