Bitget Research Weekly News: Grayscale GBTC sales continue to slow down, Binance Web3 wallet launches Inscription Market

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 most focused topics in the market are:

• The oracle sector performs well, Binance Web3walletLaunch of Inscription Market

• Jupiter airdrop exceeds US$600 millionToken, the Fed throws cold water on expectations of a rate cut in March

• The monthly transaction volume on the Solana chain hit a one-year high, and JUP has opened the airdrop collection page

• 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): BRC-20 of the Bitcoin Layer 2 protocolToken, LIGO in BTC L2Implementing EVM on Ethereum enhances compatibility with Ethereum and its DeFi ecosystem, providing greater scalability and liquidity. The market value calculated based on Mint cost (GAS70-120) is between 7 million and 10 million. Deployed on December 3, 2023, there are currently more than 11k holders. Powered by Binance Web3walletSupporting the impact of the BRC inscription, the BRC20 sector generally bucked the trend and rose slightly.

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

JUP (Token): Dex Jupiter's project of the same name on Ethereum on Solana. Affected by its airdrop and currency issuance boom, the market value once reached 20 million US dollars. As the profit taking from the speculation was withdrawn, the decline once exceeded 60%. Trading in the past 10 hours Volume was significantly reduced.

TIA (Token): Celestia, Coinbase International Exchange (Coinbase International Exchange) and Coinbase Advanced are now fully open to TIA sustainabilitycontractSustainability with INJcontractmarket 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): AAA gaming platform SkyArk Chronicles received more than 50,000 ETH in the Genesis NFT sales event, butBinanceRecently, it was stated that the institute did not participate in the latest round of financing of the project, causingCommunityofficial discussion. At present, the official NFT TENJIN is officially online and has fallen below the issuance level.Xiaobai NavigationPrice, 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 market Magic Eden officially launched a multi-chain self-hosted wallet, supporting Solana, Bitcoin, Polygon and EthereumBlockchain. The platform previously launched a beta wallet in November 2023. To incentivize early users, Magic Eden said it will provide 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 announces ZK roadmap, through integrationZero knowledge proof, will be launched to support multipleBlockchainThe light client allows users and applications to quickly and efficiently verify the state 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): Privacy email system Dmail Network released about $DMAIDetailed eligibility and allocation details for L Season1 Airdrop. DMAIL’s airdrop will begin on January 30, when it will be listed 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）：ArbitrumCommunityLaunched a proposal to implement the ArbOS 20 version to support most of the improvements in the Dencun upgrade, including releasing it as a blob on L1 Ethereum at a lower price using EIP 4844 L2 With the ability to trade batches, the ArbOS upgrade can be viewed as a hard fork of Arbitrum.

Tether（Dapp）：据 The Block 数据显示，USDT 发行商 Tether 在全球稳定币供应中的份额在 2023 年从 50% 增长到 71%。近期，流通的 USDT 稳定币数量超过了 950 亿枚，项目是衡量资金从传统金融流向加密市场的重要指标，对二级市场表现影响较大。

3. Hot Searches

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

TIA – Celestia (Token): Coinbase International Exchange (Coinbase International Exchange) and Coinbase Advanced are now fully open to TIA sustainabilitycontractand 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 derivativesexchange Jupiter Exchange has announced the details of the JUP community airdrop. The total amount of JUP is 10 billion. 40% will be distributed to the community through 4 rounds of airdrops. 10% (1 billion) will be allocated in this round. There will be subsequent airdrops for new users. Recently, the transaction volume on the Solana chain has increased significantly, even surpassing that of ETH, and its popularity has increased. You can continue to pay attention to it in the future.

API3 (Token): API3’s recent official tweets focused on the “Oracle Extractable Value (OEV)”, suggesting that related content may bring new empowerment to its token.

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.

The article comes from the Internet:Bitget Research Weekly News: Grayscale GBTC sales continue to slow down, Binance Web3 wallet launches Inscription Market

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