In the past week (8/7-8/11), many new hot currencies and topics have appeared in the market.
1. Market Trends
This week (08.07-08.11), the most concerned topics in the market are:
As the application result of ARK Bitcoin spot ETF approaches, Binance Labs invests $5 million to purchase CRV
BASE mainnet is officially open to the public. Bitcoin ETF review on the 13th increases market volatility
The wealth effect of the market rebounded, and the Bot sector led the market
Bot sector heat continues to rise, institutions begin to dump YGG
The market fluctuates with low volatility, and YGG drives the GameFi sector up
2. Popular Projects
The most popular projects this week (08.07-08.11) are:
OXBT (Token): A BRC 20 token issued by KOL @BitGod, issued through multiple communities, KOL white orders + public free minting. After going online, the number of coin holding addresses quickly reached nearly 20,000; the project is still one of the projects with the most BRC 20 token holding addresses, and the on-chain transfer is active. The project owner said on Twitter that the BRC 20 track is currently in low morale and limited liquidity, and it needs perseverance to continue to build;
XRP (Token): A Bitcoin-like meme coin project, full name HarryPotterObamaPacMan8Inu, suspected to be a KOL-issued coin, promoted by @Yourpop8, @stekisteks, @henokcrypto. The price of the token has increased by dozens of times since its launch, with a market value of 8.4 million US dollars and a trading volume of 2.73 million US dollars in the past 24 hours;
LINK (Token): Chainlink’s token price is testing the downward trend line for 2 years. Since Chainlink launched the Cross-Chain Interoperability Protocol (CCIP) last month, it has been expanding its infrastructure capabilities beyond oracles. Recently, it has timely supported the oracle price feed of the BASE network. Its products are updated rapidly, and the LINK token price has performed strongly, with an increase of more than 60% in the past two months, maintaining a high level.
SHIB (Token): The Shibarium cross-chain bridge based on Ethereum’s Layer 2 network has been launched for public testing and will start Summer Of Shibarium. The SHIB token has risen by as much as 20% in the past week, and is very popular.
Pandra (NFT): NFT issued by Polyhedra Network, which conducts cross-chain Pandra series NFTs and can interact with zkBridge and LayerZero at the same time. The deadline for the task is August 20. The airdrop party has increased the transactions of this NFT;
Coinbase (Dapp): Base officially opens its mainnet to the public. The DeFi project Maverick is launched on the Base network and conducts LP activities, providing liquidity for trading pairs such as cbETH-ETH and can cast Mava IV-Base NFT. It will provide support for the introduction of Coinbase's LSD Token cbETH into the Base network.
Bridegebase (Dapp): Base L 2 announced the opening of the mainnet and the opening of the official cross-chain bridge, supporting the cross-chain of Ethereum ETH to Base. In the past 7 days, the TVL assets of Base L 2 have grown rapidly, reaching 72%, and the current cross-chain assets have reached 142 million US dollars;
Circle (Dapp): USDC stablecoin issuer Circle launched a new programmable Web 3 wallet platform that allows developers and merchants to integrate Circle programmable wallets and personalize them into their applications, as well as build services on top to allow consumers to send, receive and store cryptocurrencies, including Circle's USDC and NFTs;
3. Hot Searches
The most popular topics this week (08.07-08.11) are:
PYUSD (Token): PayPal launches PayPal USD, a US dollar stablecoin for transfers and payments. The stablecoin is issued by Paxos, backed by US dollars, short-term Treasury bonds and cash equivalents, and will be gradually opened to PayPal's customers in the United States. Qualified US PayPal users who purchase PYUSD will be able to: transfer PYUSD between PayPal and compatible external wallets, send peer-to-peer payments using PYUSD, choose to use PYUSD at checkout, and exchange any cryptocurrency supported by PayPal with PYUSD;
Unibot (Token): A leading project in the TG Bot track, with a good position. The project provides TG’s DEX trading, automatic subscription, Copy Trading and other functions. Currently, the project has the highest user volume. The protocol achieved a daily transaction fee income of up to 650,000 US dollars at the end of July, and the daily income is around 100,000 US dollars. The number of searches for Unibot-related fields on Google increased nearly 4 times in July, and the project is well-known. The token is currently available on Bitget;
APT (Token): Aptos officially announced that Microsoft and Aptos Labs are working together to develop a new AI blockchain solution. After the announcement, the price of APT soared 15% to $7.7, and now it has fallen back to $7.4. The market has paid much attention to it, and it has become a popular search term on Google. According to Token Unlock data, APT will unlock $30.58 million worth of tokens on the 12th of this week, causing price pressure;
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【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.
