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）：比特币Layer2协议的BRC-20代币，LIGO在BTC L2上实现EVM，增强了与以太坊及其DeFi生态系统的兼容性，提供了更大的可伸缩性和流动性。根据Mint成本（GAS70-120）计算的市值在700万到1000万之间。2023年12月3日部署，目前已有超过11k holders。受Binance Web3钱包支持BRC铭文影响，BRC20板块普遍逆势小幅上涨。

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. RNDR tokens are used as 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 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 As the profit taking from the speculation was withdrawn, the decline once exceeded 60%.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 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.

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，将推出支持多个区块链的轻客户端，轻客户端允许用户和应用程序快速有效地验证区块链网络的状态。在未来几个月中，区块链的 ZK 轻客户端（包括以太坊、Sui、Aptos、Near 和 Cosmos）将被部署并与 Wormhole 集成。

Dmail Network (Dapp): Privacy email system Dmail Network released about $DMAIL Season1 Airdrop的详细资格和分配细节。DMAIL的空投将于1月30日开始，届时它将上市交易。提醒用户在此之前不要信任或授权任何空投地址，并提防诈骗网站。官方唯一的信息来源为dmail.ai。

Arbitrum（Dapp)：Arbitrum社区发起实施ArbOS 20版本提案，以支持Dencun升级中的大多数改进，包括利用 EIP 4844 以更低的价格在 L1 以太坊上以 blob 的形式发布 L2 交易批次的能力，ArbOS 升级可以看作是 Arbitrum 的硬分叉。

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 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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