Bitget研究院每周要闻：灰度GBTC卖出速度继续放缓，Binance Web3钱包推出铭文市场

In the past week (1.29-2.02), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (01.29-02.02) the market’s most focused topics are:

• The oracle segment performs well, and Binance Web3 wallet launches the inscription market

• Jupiter airdrops over $600 million in tokens, and the Fed throws cold water on expectations of a March interest rate cut

• The monthly transaction volume on the Solana chain reaches a new high in a year, and the JUP airdrop collection page has been opened

• Grayscale GBTC sales continue to slow down, and the market continues to rebound

• The crypto market rebounded slightly, with total assets of BTC spot ETF reaching US$26.7 billion

2.Popular Projects

The most popular projects this week (01.29-02.02) are:

ligo (BRC-20 Token): The BRC-20 token of the Bitcoin Layer 2 protocol, LIGO implements EVM on BTC L2, enhances compatibility with Ethereum and its DeFi ecosystem, and provides greater scalability and liquidity. Market cap based on Mint cost (GAS 70-120) is between 7 million and 10 million. Deployed on December 3, 2023 and currently has over 11k holders. Affected by the support of BRC inscription by Binance Web3 wallet, the BRC 20 sector generally bucked the trend and rose slightly.

RNDR (Token): Render Network (RNDR) is a distributed GPU rendering network platform based on blockchain technology, developed by OTOY Company. The core of this project is to use blockchain technology to provide a one-stop platform from 3D content creation to transaction. RNDR tokens are used as a payment currency in the network, allowing users to use idle GPU resources to help others render, thereby receiving RNDR tokens as compensation.

JUP (Token): Dex Jupiters project of the same name on Solana on Ethereum. Affected by its airdrop and coin issuance craze, its market value once reached 20 million US dollars. With the withdrawal of profit-taking from speculation, it once fell by more than 60%. In the past 10 hours Transaction volume has dropped significantly.

TIA (Token): Celestia, Coinbase International Exchange and Coinbase Advanced have now fully opened the TIA perpetual contract and INJ perpetual contract market transactions. Meanwhile, Celestia’s use cases continue to expand. Starknet officials posted on social media that they will cooperate with Celestia to achieve high-throughput Layer 3 networks.

Skyark (NFT): The 3A gaming platform SkyArk Chronicles received more than 50,000 ETH in the Genesis NFT sales event. However, Binance recently stated that it did not participate in the latest round of financing of the project, causing official discussion in the community. At present, the official NFT TENJIN is officially launched and has fallen below the issuance price. The current floor price is 0.5 ETH.

Pudgy Penguins (NFT): The project recently launched a beta version of the IP licensing platform OverpassIP, and the second chapter of Pudgy Toys licensing, a real simulation toy based on the Pudgy Penguin IP, has been launched. Users can submit their Pudgy Penguin and Lil Pudgy IP authorization in OverpassIP. The OverpassIP beta version is only available to Pudgy Penguin and Lil Pudgy holders, and future major versions will provide licensing opportunities for more than 200 Pudgy Penguin and Lil Pudgy.

Magic Eden (NFT, Dapp): NFT marketplace Magic Eden has officially launched a multi-chain self-hosted wallet supporting Solana, Bitcoin, Polygon and Ethereum blockchains. The platform previously launched a beta wallet in November 2023. To incentivize early users, Magic Eden said it will offer limited-time in-wallet minting of NFT projects such as Claynosaurz, Degenerate Ape Academy and BoDoggos in February, as well as airdrops and other benefits.

Wormhole (Dapp): Wormhole announced the ZK roadmap. By integrating zero-knowledge proof, it will launch a light client that supports multiple blockchains. The light client allows users and applications to quickly and efficiently verify the status of the blockchain network. In the coming months, ZK light clients for blockchains including Ethereum, Sui, Aptos, Near, and Cosmos will be deployed and integrated with Wormhole.

Dmail Network (Dapp): Private Email System Dmail Network has released detailed eligibility and allocation details for the $DMAIL Season 1 Airdrop. DMAIL’s airdrop will begin on January 30, when it will become available for trading. Users are reminded not to trust or authorize any airdrop addresses before this time, and to be wary of scam websites. The only official source of information is dmail.ai.

Arbitrum (Dapp): The Arbitrum community initiated a proposal to implement the ArbOS 20 version to support most of the improvements in the Dencun upgrade, including the ability to publish L2 transaction batches as blobs on L1 Ethereum at a lower price using EIP 4844, The ArbOS upgrade can be viewed as a hard fork of Arbitrum.

Tether (Dapp): According to data from The Block, USDT issuer Tether’s share of the global stablecoin supply will grow from 50% to 71% in 2023. Recently, the number of USDT stablecoins in circulation has exceeded 95 billion. The project is an important indicator for measuring the flow of funds from traditional finance to the crypto market, and has a greater impact on the performance of the secondary market.

3. Hot Searches

The most popular topics this week (01.29-02.02) are:

TIA - Celestia (Token): Coinbase International Exchange and Coinbase Advanced have now fully opened the TIA perpetual contract and INJ perpetual contract market transactions. Meanwhile, Celestia’s use cases continue to expand. Starknet officials posted on social media that they will cooperate with Celestia to achieve high-throughput Layer 3 networks.

JUP - Jupiter (Token, Dapp): Solana ecological trading derivatives exchange Jupiter Exchange has announced the details of the JUP community airdrop. The total amount of JUP is 10 billion, 40% will be allocated to the community through 4 rounds of airdrops, and will be allocated in this round 10% (1 billion pieces), and there will be airdrops for new users in the future. Recently, Solana’s on-chain transaction volume has increased significantly, even surpassing ETH, and its popularity has increased. You can continue to pay attention to it in the future.

API 3 (Token): API 3’s recent official tweets focused on the “Oracle Extractable Value (OEV)”, suggesting that related content may bring new empowerment to its tokens.

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[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.