Bitget Research Weekly News: Asset management giant Fidelity applies for Bitcoin spot ETF, Azuki caught in a community controversy.

Over the past week (6/26-6/30), the market has seen a number of new hot currencies and topics.

1. Market Trends

The focus of the market this week (06.26-06.30) has been:

• Fidelity resubmits BTC spot ETF, BCH rises above $300

• PEPE 2.0 leads meme 2.0 concept, Azuki deepens NFT bear market

• BTC maintains range-bound volatility, meme sector rebounds in the short term

• Sector rotation cycle shortens, OP rally ends, ARB takes over

• Whales accumulate AAVE, DeFi sector projects take turns rising

2. Popular Projects

The most popular projects this week (06.26-06.30) are:

PEPE 2.0 (token): A meme coin created from wallet addresses blacklisted by the founder of PEPE, aiming to be more decentralized than pepe. It has led the on-chain meme coin market in the past two days, giving rise to a series of 2.0 meme tokens. The token currently has a market value of $18 million, a 24-hour trading volume of $19 million, and a relatively high turnover rate. It is tradable on Bitget.

BILI (token): A community-driven project originating from the largest shib community in China. The project is an experimental initiative to unite the Chinese community. Its name is derived from Bilibili's stock symbol on Nasdaq. The token currently has a market value of $2.47 million, a 24-hour trading volume of $60,000, and 2,101 addresses holding the token.

L(Token): Community meme based on the character L from the Death Note, targeting TwitterBlue users for airdrops. The user base is large and consists of real individuals. On-chain liquidity is $91,000, with a 24-hour trading volume of $2,900,000. The price is currently experiencing low-level fluctuations.

VMPX(Token): On June 27th, XEN founder Jack held a community AMA to promote VMPX as a bridge between Bitcoinðereum and the X public chain. With the upcoming release of X1, VMPX will be exchanged for XN tokens at a ratio of 1:3. This has led to an increase in buying pressure in the market.

Azuki(NFT): Yesterday, Azuki released the Elementals series of NFTs at a price of 2 ETH. The community showed high enthusiasm for the initial sale. However, after the NFT reveal, the community noticed little difference between the content of the NFTs and the previous original series. This disappointment and sense of deception resulted in a 50% price drop in Azuki and Beanz NFTs, accompanied by a surge in trading volume.

Seaport(NFT): Seaport is a new open-source web 3 marketplace protocol for secure and efficient NFT trading. It was first launched on Ethereum and has now also been deployed on Polygon. This data directly measures the trading volume on OpenSea. With the decline in the token price and popularity of Blur, the trading frequency and volume of Blur have also decreased. The most noticeable impact is the re-emergence of Seaport gas consumption surpassing Blur.

zkSync (Dapp): Recently, the interactive activity of zkSync has consistently ranked at the top position among newly added users of ETH. According to the latest data from dune, there are 1,061,000 independent wallet addresses on zkSync Era mainnet, with 539,000 ETH crossed over to zkSync. The total number of transfers reached 1,289,000. In addition, users can use https://byfishh.github.io/zk-flow/ to check the number of interactions between their own wallets and zkSync. Combined with dune's data, it aims to create a premium channel;

Maverick (Dapp): A DEX with dynamic distribution automated market maker (AMM) based on transaction price. Recently launched on Binance Launchpool, the project is supported by top institutions, including Founders Fund, Pentera, Jump, Circle, etc. The platform's trading volume today is 45.35 million USD, entering the top ten in DEX daily trading volume, and has gained high popularity;

Holograph (Dapp): A full-chain NFT protocol that allows seamless transfer of NFTs between blockchains without wrapping. LayerZero will provide Holograph with cross-chain messaging solutions. Yesterday, it launched the limited-time free multi-chain minting event "How Far We've Come," by artist JimenaBuenaVida, allowing free minting across multiple chains for 72 hours;

3. Hot Searches

The most popular topics this week (06.26-06.30) include:

BTC (Token): BTC market share has risen to 52%. In the past 2 months, MicroStrategy has added 350 million USD worth of BTC. Interestingly, historically, whenever the ETG Foundation sells or MicroStrategy buys, the market experiences a short-term decline.

APE(Token): Bored Ape Yacht Club (BAYC) announced the launch of a new game, HV-MTL Forge, on June 29th. This is a space-building game where players can construct or customize a unique exhibition space. The game revolves around the HV-MTL robot NFT created by BAYC founders, and holders of this NFT will have access to participate. The token price has no significant upward trend and the token is already listed on Bitget.

SUI(Token): Previously, one of the top 10 whales "DeFi^2" on DeBank claimed that the Sui team had falsely reported the token release amount and was selling the rewards obtained from "locked" and "non-circulating" staked SUI on Binance. The token holdings of SUI holders may be diluted by 20% each month. The Sui Foundation responded that they have not sold the staked rewards from non-circulating SUI on Binance and will soon release detailed token release plans.

XEN(Token): XEN founder Jack held a community AMA to promote VMPX as a bridge between Bitcoin & Ethereum and the public chain X1. With the upcoming release of X1, there has been a continuous increase in market buy orders for VMPX, which will be exchanged for XN tokens at a ratio of 1:3 in the future.

Bitget Research Institute focuses on "focusing on on-chain data and discovering valuable assets" by monitoring on-chain data and regional hot search trends, among other dimensions. It discovers cutting-edge investment opportunities and provides institutional-level insights for cryptocurrency enthusiasts. So far, it has provided early-stage value assets in various popular categories such as Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem to Bitget global users, creating more high-quality wealth effects through data-driven in-depth research.

[Disclaimer] The market carries risks, and investment should 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 specific circumstances. Users bear responsibility for their own investments.