1) Market trend:
When the market falls, the copycat stocks plummet.
U.S. stocks rebounded. Fed officials' dovish remarks lowered expectations for rate hikes this year, and the U.S. dollar index fell.
2) Market hot spots:
1. ETH fell. The ETH Foundation sold about 300WU of ETH, but it was actually used to issue bonuses. The gas on the chain dropped to 7Gwei, and transactions were not active.
2. Stablecoin LQTY has surged. LQTY is a copycat of MakerDAO but is more decentralized (only ETH is allowed as collateral). The demand is to pledge LQTY to print stablecoin LuSD, and the protocol will distribute 100% of the income to LQTY pledgers. In the past month, the protocol revenue has increased by 90%, and the APR of pledged mining has reached 25%. The main use of stablecoin LuSD is to earn interest on deposits, YFI machine gun pool mining, and mortgage lending such as AAVE.
3. The public chain strax has risen and switched to evm, but strax is an old project from 2017 and the possibility of actual success is very small.
4. Small ticket stocks loom and storj rose, and Korean hot money speculated.
Share a few promising tracks and the top projects in this track
If you want to buy a cottage, it is recommended to invest 10-20% of your assets:
L2 track: $OP, $ARB
Web3+AI:$WLD
Old DeFi: MKR, UNI, CRV and other old blue chips
NFT Infrastructure: Blur
SocialFI:Friend.tech and other next projects that can reach the same level as it, the social track has reached the final moment
New public chains: Sui, Aptos, Canto, TON
Ten-fold to one-hundred-fold coin series, the layout you must know!
RDNT
RDNT focuses on the full-chain currency market for lending. It is the native lending market project on Arb and is definitely the leader in arb lending. It is based on the underlying cross-chain protocol of LayerZero, and improves the efficiency of DeFi asset utilization through full-chain and cross-chain lending.
1. The benefits of Cancun upgrade.
2. With a strong backing, Rdnt is one of the biggest beneficiaries of ARB. With Binance investing 10 million US dollars, it is expected that there will be a continuous inflow of funds.
3. The benefits are obvious. From the 90-day revenue, Radiant has surpassed Aave, Comp and even Sol. It is one of the fastest growing protocols in the field.
ON
Track: Public Chain L2 Rating: A
Total amount: 4.3 billion
Variety: OP
Track: Public Chain L2 Rating: A
The peak valuation is about 90 billion
1. Reasons for optimism: Currently, it is second only to ARB in the L2 sector, and its TVL ranks sixth. Its ecology is developing rapidly. Coinbase's layer 2 network has also chosen OP. It is also benefited by the Cancun upgrade, and its future development prospects are very good.
2. Risk and return coefficient: medium-low risk, medium-high return
3. Valuation logic: According to the public chain valuation method, the valuation of the top L2 can reach 6-20% of the public chain. Here we take 6% for calculation, 6% of Ethereum's 1.6 trillion, OP's valuation at the peak of the bull market in 2025 may reach 96 billion. 6% of Ethereum's 1.6 trillion, OP's valuation at the peak of the bull market in 2025 may reach 96 billion.
ARB
1. Reasons for optimism: Currently, TVL ranks 4th, and it ranks first in all data in the L2 track. The public chain ETH is the absolute king, and ARB is the king on ETH. It also has the most popular native protocols. After the Cancun upgrade, the transaction fee has dropped significantly, and the ecology is more prosperous. It is the most worthy investment in the L2 sector.
2. Risk and return coefficient: medium-low risk, medium-high return
3. Valuation logic: According to the public chain valuation method, the valuation of the top L2 can reach 6-20% of the public chain. Here we take 10% for calculation, which is 10% of Ethereum's 1.6 trillion. ARB's peak valuation in the bull market in 2025 may reach 160 billion.
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