In the past week (09.18-09.22), many new popular currencies and topics have appeared in the market.
1.Market Trends
This week (09.18-09.22) the market’s most focused topics are:
FOMC hawkish remarks sent the U.S. dollar index up, while crypto assets fell overall
Mt.gox extends repayment date by one year, Fed keeps interest rates unchanged in September
The SocialFi track has been constantly innovating recently, and the SEC’s encryption chief revealed that more industry charges will be coming
The market rose first and then fell, showing weak performance. TIP continued to rise after being listed on the secondary market.
Ethereum gas fee drops to single digits, friend.tech protocol fee exceeds US$20 million
2.Popular Projects
The most popular projects this week (09.18-09.22) are:
SATS（Token）：BRC 20 tokens, the smallest unit of Bitcoin, Satoshi, have a total of 21 million. The current Mint progress is 96%, so it is not on the list. Since the cost of a single mint is in the range of 0.3 u-1.6 u, the current Gas consumption of Mint alone reaches More than 15 million US dollars; Unisat officially announced today that it will release its brc 20-swap for early public testing next Tuesday, September 26, which is good for the BRC 20 track;
TIP（Token）：SocialFis popular project Tip Coin issued tokens, and the airdrop share of TIP tokens accounted for 40% of the total. In the Epoch 1 stage, 15% was used for liquidity provision, and 15% was used for airdrops; in the Epoch 2 stage, 20% of the tokens were used for airdrops; in the Epoch 3 stage, 5% of tokens are allocated for airdrop. TIP was postponed to September 19 due to data problems. After the selling pressure of early airdrop users was digested, the token experienced a 4-fold increase in the secondary market, with a market value reaching a maximum of 10 million U.S. dollars, and a 24-hour on-chain transaction volume of 1.2 million U.S. dollars;
APX（Token）：Created by the well-known kol CroissantEth, he used chatgpt to create a script that allows chatgpt to directly issue coins and deploy them on the Ethereum chain. Everything such as the number of token names and the number of tokens are generated by chatgpt. The project went online in only 4 hours, and interactive transactions were completed in a single day. The number reached 7189, the currency holding address increased from zero to 1581, and the 4-hour transaction volume was 7.51 million US dollars, an increase of more than 50 times, and the popularity is high;
ARC 20 （Token）：The new protocol on BTC that is hot on the market is defined as: the solution to the elusive colored coins problem on Bitcoin. A BTC token standard that is decentralized, operates exactly like a native Satoshi UTXO, and can be split and merged like any Bitcoin. Each token unit is backed by any number of Satoshis as a way to utilize Satoshis as a unit of account - just like Bitcoin itself; its first token, ATOM, 21,000 in total, has been mined using CPUs All finished;
Maximals（NFT）：Yesterday, the Free Mint project was sold out by Mint as soon as it went on sale. The community has a strong willingness to raise funds. The NFT floor price has risen to the level of 0.011 ETH, with nearly 5,000 transactions taking place, and a total transaction volume of 53 ETH. Currently, there are 3,414 independent currency holding addresses on the chain, and the transaction popularity is pretty good;
Circle（Dapp）：USDC issuer Circle announced that USDC has been launched on the Polkadot mainnet. Polkadot USDC is issued natively on Asset Hub and can be regarded as the official form of USDC for the Polkadot network;
Maestro（Dapp）：The Telegram Bot project provides Defi transaction functions on the $ETH, $BSC and $ARB chains. The project’s 24-hour fee income reaches US$100,000, ranking 13th among on-chain project income and first in the TG Bot track;
Post Tech（Dapp）：A Web3 social network on Arbitrum where profiles become assets and interactions turn into profits. The total reward for the #1 Epoch is US$100,000 and will be distributed to early contributors on the official release date; the project’s social media popularity and interaction are extremely high in anticipation of the airdrop;
Friend.Tech（Dapp）：Friend.tech has launched a web version, users can use friend.tech in the browser. The recent updates of Friend.Tech mainly focus on facilitating transactions. Its transaction fee reaches 10%, the accumulated fees have exceeded 25 million US dollars, and the empowerment for Key Holder is limited;
3. Hot Searches
The most popular topics this week (09.18-09.22) are:
FOMC（Event）：The Federal Reserve announced at its September FOMC meeting that it would suspend one interest rate hike and maintain the federal funds rate target range at 5.25% -5.5%. This round of suspension of interest rate hikes is in line with market expectations, but Powell still maintained a hawkish attitude when answering reporters questions, saying that the interest rate hike cycle has not yet ended, hinting at the possibility of another rate hike by the Fed at the end of the year (the September dot plot shows, The final value of the federal funds rate at the end of the year was 5.6%). Macro researchers believe that the cycle of U.S. interest rate cuts will begin in September next year. The results of the meeting were in line with market expectations, and the crypto market made a slight correction;
OP（Token）：Optimism officially announced several things related to OP tokens: 1. Optimism launched the third round of OP airdrops, distributing a total of approximately 19 million OP tokens to more than 31,000 addresses; 2. Optimism opened the third round of retroactive public products Fund-raising application, 30 million OP tokens will be allocated; 3. Optimism will sell approximately 116 million OP tokens to 7 buyers. Before the Ethereum Cancun upgrade, OP tokens will have good trading opportunities. After the upgrade, the benefits to OP tokens will be more obvious. It is expected that the market will price-in in advance;
APE（Token）：ApeCoin DAO currently has over 70% support for the AIP-297 proposal to establish a sister DAO and NFT community treasury. The AIP-297 proposal, co-authored by Animoca Brands co-founder Yat Siu in July, aims to position ApeCoin as a cultural token that powers the broader web3 ecosystem. The proposal proposes to obtain a budget of 750,000 APE from the ApeCoin DAO treasury, with 500,000 APE being used to purchase NFTs “in line with ApeCoin’s vision and values” in various markets, and 250,000 APE being reserved for future NFT purchases and Initial vault maintenance.
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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.
