In the past 24 hours, many new popular currencies and topics have appeared in the market. It is very likely that they are the next opportunity to make money.
Recommended observations: U-based financial management pools with high annualized and low risks (Kamino, Aries Markets, etc.);
The most popular tokens and topics among users are: Jump, Matr1x, Puffer Finance;
Potential airdrop opportunities include: Particle Network, Movement;
Data statistics time: August 5, 2024 4: 00 (UTC + 0)
1. Market environment
The cryptocurrency market accelerated its decline, BTC fell below $55,000, ETH was sold off by institutions and fell by more than 20% in a single day. Jump Crypto was suspected of selling a large amount of ETH, and the ETH/BTC exchange rate fell to 0.042, the lowest level since Q3 2021. Altcoins fell sharply, and BTCs dominance reached 57%.
U.S. stocks plummeted, and the news that Buffett sold U.S. stocks triggered market panic. Asian stock markets suffered heavy losses, Japanese government bond futures triggered the circuit breaker mechanism, and Australias benchmark stock index fell more than 3%, marking the largest single-day drop since June 2022.
2. Wealth-creating sector
1) Recommended: U-standard financial management pool with high annualized return and low risk
main reason:
The market sentiment is in panic and it is difficult to see a big rebound in the short term. Before the main uptrend comes, it is recommended to save a large amount of stablecoins and wait and see, waiting for the market to stabilize before making right-side transactions.
Recommended Projects:
Kamino: Currently the lending protocol with the highest TVL on Solana. The APY of Supply USDC on the platform is 13%, and the APY of Supply PYSUD is 19%;
Aries Markets: Currently the protocol with the highest TVL on Aptos. Currently, the APY of Supply USDC on the platform is 10%, and the APY of Supply USDT is 10.5%. Both borrowing and lending have APT as subsidy rewards, and the yield rate is relatively stable.
3. User Hot Searches
1) Popular Dapps
Particle Network:
Binance Labs announced its investment in the modular blockchain Particle Network, which is an L1 solution that unifies all blockchains through universal accounts, aiming to solve the user and liquidity fragmentation problems in Web3. The newly raised funds will be used to expand the global team, enhance the functionality and integration of its chain abstraction ecosystem, and ensure the launch of its L1 mainnet later this year.
Recently, Particle Network announced that the first joint testnet (Co-Testnet) of the Chain Abstraction Alliance is now online. As the first step to unify all chains, it is working with Berachain.
As Particle Network announced its financing information and launched its test network, it became very popular and attracted a large number of users to participate.
2) Twitter
Matr1x:
Matr1x is positioned as the infrastructure and distribution system of Web3 culture and entertainment. It is an innovative cultural and entertainment platform that combines Web3 games, artificial intelligence, e-sports and blockchain infrastructure. It is committed to changing the global game and digital content industry through blockchain and artificial intelligence technologies and accelerating the arrival of the Web3 era.
In terms of team and funding, the core members of the Matr1x team have over 10 years of working experience together, have experience in RD of Web2s top FPS games and the ability to operate large DAU products. The project has sufficient funding, with more than 20 million US dollars in public financing. On July 26, it just received financing from Makers Fund, a top North American fund.
3) Google Search Region
From a global perspective:
jump:
Jump Trading may be selling ETH: they are currently redeeming $410 million worth of wstETH (120,000) in batches into ETH and then transferring it to trading platforms such as Binance/OKX. So far, they have redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH ($191.4 M) have entered the trading platform.
From the hot searches in each region:
(1) Hotspots in the CIS region include Blum, notcoin, tapswap, etc. The main popular trend is still concentrated on tokens and applications related to tap to earn mini-games on Telegram.
(2) There is no obvious hot spot in Asia either, but the Philippines shows interest in RWA and MEME coins.
(3) Latin America showed a higher interest in SOL and ETH, and AI project tracks appeared on the hot searches in Colombia and Argentina.
Potential Airdrop Opportunities
Particle Network
Particle Network is a development platform that connects multiple blockchains (such as Bitcoin, EVM, and IBC) through a unified account system, providing modular interfaces to enhance wallet connection and transaction execution capabilities. The platform focuses on chain abstraction, wallet abstraction, liquidity abstraction, and gas abstraction, aiming to simplify the development and deployment process of Web3 applications.
Particle Network announced the completion of a $15 million Series A financing round, which was jointly led by Spartan Group and Gumi Cryptos Capital, with participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital, etc. This round of financing brings Particles total financing amount to $25 million.
How to participate: Log in to the website https://pioneer.particle.network/, bind your social account and claim test tokens, sign in daily and complete related tasks, and use Universal Gas for transactions. Here you can use the test network tokens of the Little Fox wallet to interact with the Particle Network wallet.
Movement
Movement Labs was founded in 2022 and previously completed a $3.4 million seed round of financing in September 2023. In addition to its flagship product Movement L2, Movement Labs will also launch Move Stack, an execution layer framework compatible with rollup frameworks such as Optimism, Polygon and Arbitrum.
Recently, Movement Labs completed a US$38 million Series A financing round, led by Polychain Capital, with participation from many well-known institutions such as Hack VC, Foresight Ventures, and Placeholder.
Specific participation method: Enter the Movement zealy task interface (note: social tasks have time periods and tasks that are continuously online), you can interact with DEX, interact with a few tests at will, and wait for subsequent actions from the official website.
Original link: https://www.bitget.com/zh-CN/research/articles/12560603813792
【Disclaimer】The market is risky, so be cautious when investing. 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. Investing based on this information is at your own risk.
