Bitget Research Institute: Bitget Launchpool Layer3 is open for investment, and Solana ecosystem wealth effect continues to be significant

In the past 24 hours, many new popular currencies and topics have appeared in the market. It is very likely that they will be the next opportunity to make money. With the recovery of the market, the sectors that can be ambushed in the near future are:

• The sectors with relatively strong wealth-creating effects are: mainstream MEME, SOL and its ecosystem;

• The most searched tokens and topics by users are: Layer 3, Solana, Deso;

• Potential airdrop opportunities include: LayerN, Skate;

Data statistics time: July 31, 2024 4: 00 (UTC + 0)

1. Market environment

In the past 24 hours, BTC briefly fell below $66,000, and currently BTC fluctuates around $66,500. On Monday, Bitcoins on-chain activity increased significantly compared to the weekend, indicating that the impact of Trumps speech has not weakened but has increased after a weekend. This caused the price of Bitcoin to rise to $70,000 before the opening of the U.S. stock market. However, after the opening of the U.S. stock market yesterday, the price of Bitcoin gradually fell, indicating that the market is digesting the impact of Trumps speech. Yesterday, the total net inflow of Ethereum spot ETF was $33.6683 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a net outflow of $120 million in a single day. ETH did not follow BTC to fall much, and Grayscales position changes still need to be paid attention to in the future. With the recovery of the market, some potential coins can be prepared to ambush in the near future, such as SOL and its ecological tokens PYTH and RAY, which are worth paying attention to.

In terms of macroeconomics, Wednesdays small non-farm payrolls, Thursdays early morning interest rate meeting, and Fridays unemployment rate are all the focus of this week. It is almost impossible to adjust the interest rate at the July interest rate meeting. Even the market does not expect a rate cut, so the focus is on whether Powell will say in the QA that there may be an expectation of a rate cut in September. At present, the market generally believes that the Federal Reserve will start its first rate cut in September, and CME has given a probability of a rate cut in September of nearly 90%.

2. Wealth-creating sector

1) Sector changes: Well-known memes (BONK, PEPE, BOME)

main reason:

• Blue-chip tokens such as ETH and SOL began to rebound;

• The markets attention to the Meme coin sector has increased, and BOME has been popular in the community and Twitter recently.

Rising situation: BOME briefly reached 0.0103 USDT, with a 24-hour increase of 20.53%;

Factors affecting the market outlook:

• Price token trend: For BONK, the trend of SOL tokens will affect the price of BONK, because BONK on DEX is denominated in SOL. Continue to pay attention to the price trend of ETH and SOL. If ETH and SOL maintain an upward trend, you can continue to hold Meme assets in the relevant ecosystem.

• Value discovery: As the market attention gradually turns to MEME coins, BOME is still at the bottom of history. Although it reached its peak at the time of its initial launch, it has not yet opened up the second market, so BOME has a certain potential for explosion.

2) Areas that need to be focused on in the future: SOL and Solana ecosystem

main reason:

• The SOL price has performed strongly, rebounding 50% from the bottom in the past month. The SOL/BTC trading pair rate has risen 20% in the past month, and the SOL/ETH trading pair rate has risen 39% in the past month.

• On July 28, the 24-hour DEX transaction volume on the Solana chain exceeded the total transaction volume on the ETH and Arbitrum chains; on July 24, the Solana chain exceeded Ethereum for the first time in DEX transaction volume in the past 30 days.

• The Neiro concept meme emerged over the weekend, driving Solana Meme trading volume. The two Neiro tokens with the highest trading volume had a DEX trading volume of more than 550 million US dollars in the past 24 hours, while the trading volume of Neiro tokens on the ETH chain was significantly weaker than that of the Solana chain.

• The Solana Breakpoint 2024 conference will be held in Singapore from September 20 to 21. Compared with other projects that fall at every conference, SOL showed amazing upward explosiveness around the 2023 Breakpoint conference, breaking through multiple key resistance levels from US$30.

Rising situation: SOL rose 3% in the past 7 days;

Factors affecting the market outlook:

• Solana ecosystem construction and development: Can DEX trading volume be maintained and can Solana Meme activity continue to be active?

• The Solana ecosystem’s continued innovation capabilities: such as the progress of Solana Blinks, iterations of well-known projects around Solana Breakpoint 2024, and major announcements.

• Solana spot ETF expectations: Yesterday, Solana fell with the market. As the ETH ETF has been launched, the market is brewing the next ETF target, but Nate Geraci, president of The ETF Store, said in a post on X that the SEC no longer considers tokens such as SOL as securities and does not increase the approval probability of spot ETFs such as SOL. To pass ETF approval, one of the following conditions must be met: a long enough history of SOL futures trading on CME; a comprehensive crypto regulatory framework and administrative changes.

3. User Hot Searches

1) Popular Dapps

Layer 3:

The project will open airdrop applications on July 30. Users can choose to stake L3 to get rewards. There is a 7-day withdrawal period after the pledge is released. The locked tokens of the team, venture capital and consultants will be unlocked after 12 months and cannot participate in the pledge. Bitget Launchpool has launched Layer 3 (L3) and is open for investment. The current BGB reward pool yield is temporarily reported at 36.02% APR.

2) Twitter

Solana:

Yesterday, Solana fell with the market. As the ETH ETF has been launched, the market is brewing the next ETF target, but Nate Geraci, president of The ETF Store, said in a post on X that the SEC no longer considers tokens such as SOL as securities and does not increase the approval probability of spot ETFs such as SOL. To pass ETF approval, one of the following conditions must be met: a long enough history of SOL futures trading on CME; a comprehensive crypto regulatory framework and administrative changes.

3) Google Search Region

From a global perspective:

Deso:

DeSo is a decentralized social media blockchain that aims to overcome the limitations of traditional platforms and cultivate an open, user-centric, and censorship-resistant ecosystem. The protocol, like traditional social protocols, provides a core link between personal account information and digital content. Account information is usually NFT, and the content published, whether it is posts, videos or comments, is associated with a core account on or off the chain. Currently, there are not many operational updates on the project.

From the hot searches in each region:

(1) The hot spots in Europe and the United States are relatively scattered and there is no general pattern. Relatively speaking, the United States and the United Kingdom pay more attention to public chain projects.

(2) There are no obvious hot spots in Asia either, but the tokens of interest are basically concentrated on projects on the ETH chain. These include restaking projects such as EtherFi, as well as RWA and meme projects such as Ondo and Pepe.

(3) Latin America showed a higher interest in memes, with shib, bonk, and floki appearing on the hot searches in Mexico, Brazil, and Chile, respectively.

Potential Airdrop Opportunities

LayerN

Layer N is a high-performance rollup network designed to scale financial applications on Ethereum. It consists of ultra-high-performance and customized modular rollups with best-in-class scalability and a shared communication layer for unified liquidity.

Layer N completed a $5 million seed round of financing, led by Founders Fund and dao 5.

How to participate: Log in to the project website, connect your wallet, bind your social media account, go to http://nord.layern.com, connect your wallet and trade ETH, repeat 4-8 times. Go to https://app.galxe.com/quest/layern/GCdcmthdaA…

Connect your wallet to complete the simplest task ever to receive points

Skate

Skate aims to break the siloing of DApp applications with the full-chain application layer Skate. That is, Dapps can run on multiple chains with a single state, and new blockchains can also be connected to Skate. Users and developers only need to interact with Skate alone to access various networks instantly and have unified liquidity. The project party will airdrop 8% of the tokens.

Skates predecessor was the on-chain asset management protocol Range Protocol, which completed a $3.75 million seed round of financing in September last year, led by HashKey Capital and Nomad Capital.

Specific operation method: Currently, you can get 600 Ollies points and early bird NFT by completing simple tasks. Link your wallet and complete simple social media tasks such as forwarding tweets. You can mint an early bird NFT without gas fee. You can get more points by inviting.

Original link: https://www.bitget.fit/zh-CN/research/articles/12560603813554

【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.