Coin World Reports:
In the past 24 hours, the market has seen many new popular currencies and topics, which are likely to be the next wealth creation opportunity.
Summary:
Yesterday, the US dollar index returned to 106, and emerging markets and risk assets were under pressure. After the Blast airdrop, the main Layer2 airdrop is basically over. Highlights include:
Strong sectors for wealth creation: Ethereum ecosystem (MKR, ENS), TON ecosystem (TON, NOT);
User hot search tokens & topics: BLAST, BLUR, Solana Blinks;
Potential airdrop opportunities: Tonstakers, EVAA;
Data statistics time: June 27, 2024, 4:00 (UTC+0)
I. Market Environment
Yesterday, the US dollar index returned to 106, and emerging markets and risk assets were under pressure. Various assets in the cryptocurrency industry continued to weaken, and the price of Bitcoin continued to fluctuate between $58,000 and $62,000.
Regarding Bitcoin ETFs, yesterday ended the continuous net outflow state, with a net inflow of $31 million. Overall, the market selling pressure was significant, with continuous reports of address outflows from various governments and MotGox. There are reports that an ETH ETF may be approved earlier than July 4th, and ETH-related assets may experience a small-scale rebound in the near future.
In the cryptocurrency ecosystem industry, the Blast Layer2 airdrop ended yesterday, and the top-tier projects that have undergone TGE in the first half of this year have performed poorly, including zkSync, LayerZero, Blast, etc., all of which have disappointed the community and investors, and the myth of wealth creation in Layer2 has gradually faded.
II. Wealth Creation Sectors
1) Sector Dynamics: Ethereum Ecosystem (MKR, ENS)
Main reasons: Yesterday, Reuters reported that the Ethereum ETF may be approved for listing before July 4th, and the Ethereum-related ecosystem may receive many positive news. The main projects in the Ethereum ecosystem experienced a slight rebound, such as MKR, ENS, etc.
Increase situation: MRK 24H increase of 7.11%, ENS 24H increase of 3.1%
Factors affecting the future:
Whether ETH continues to rise: ETH ecosystem DEX has good liquidity, and many tokens are priced in ETH on DEX. An increase in ETH directly contributes to the rise of ETH ecosystem assets. If the price of ETH continues to rise, core assets on Ethereum tend to maintain their popularity;
Project development dynamics: Mainstream projects in the Ethereum ecosystem have strong profit capabilities and future transformation capabilities, such as MakerDao joining the RWA concept, etc. Investors should focus on the project dynamics of mainstream projects in the Ethereum ecosystem, as well as the opinions of key figures in the Ethereum ecosystem on these projects, such as Vitalik’s expression of love and praise for ENS, etc.
2) Sectors that need to be closely monitored: TON ecosystem
Main reasons: The Ton token continues to maintain an upward trend, with a strong and positive price trend. Various applications in the Ton ecosystem are rapidly rising with the help of Telegram’s huge daily activity, and various project tokens are rapidly moving towards Mass Adoption, injecting fresh blood into the cryptocurrency industry, making it a relatively unique narrative and ecological track in the current market environment.
Increase situation: TON 24H increase of 1.5%
Specific currency list: TON, NOT, STON, GRAM, FISH
Influencing factors:
In the process of continuous decline in the market and the rapid decline of altcoins, the TON token and other tokens in the Ton ecosystem have relatively withstood the decline.
The TVL of the two leading DEXs in the Ton ecosystem, DeDust and STON.fi, has increased by 12% and 3% respectively in the past 7 days.
The high traffic Telegram Mini App Catizen and Hamster Kombat in the Ton ecosystem have continued to soar, attracting market attention. Catizen’s total on-chain users exceeded 1.25 million, and Hamster Kombat’s user base exceeded 150 million, becoming one of the few hotspots in the cryptocurrency market recently.
Pantera Capital is raising funds for a new fund dedicated to investing in TON tokens, called “Pantera TON Investment Opportunity,” aiming to raise funds to purchase more TON tokens, with a minimum investment of $250,000 per supporter.
III. User Hot Searches
1) Popular Dapp
Blast (Dapp)
The Blast Foundation announced that it will airdrop BLAST to the community at 22:00 on June 26th Beijing time. The Blast announced the token economic model, with a total supply of 100 billion BLAST tokens, 50% of which will be airdropped to the community, with an initial airdrop amount of 17 billion tokens. Blast is currently the sixth largest on-chain economy, and Bitget has launched a limited-time airdrop for BLAST, allowing users to participate in the opportunity. According to the current secondary market price, the current price of BLAST is fluctuating around 0.025. The volatility of the new token in the initial stage of listing is relatively large, and trading opportunities can be watched.
2) Twitter
Solana Blinks: Yesterday, Solana Blinks officially debuted and received widespread attention from the community. Solana Blinks (Blockchain links) is a protocol product in Solana Actions. Solana attempts to make blockchain transactions ubiquitous in the Internet of Things in a fast and simple way. In the traditional blockchain experience, users need to complete a series of operations such as installing and configuring wallets, linking Dapps, and configuring parameters to achieve their goals. Solana Blinks will break this operational habit by building an Internet connection to complete on-chain operations in one step, achieving the effect of “on-chain activity = one link.” The significance of Solana Blinks’ debut lies in the simplification of user interaction difficulties and links, and in the future, the route of Solana+ social media may become widespread because of this feature. It is recommended to pay attention to the first MEME coin that uses Blinks for promotion in the near future.
3) Google Search & Region
From a global perspective:
BLUR: Yesterday, BLUR founder Pacman developed and operated the Layer2 project Blast, which opened an airdrop activity. BLUR Season 3’s BLUR stakers can claim BLAST tokens. However, there is an abnormality in the airdrop contract for Blur Season 3, and some users are prompted to pay over $1000 in gas fees when claiming the airdrop.
In terms of hot searches in various regions:
(1) In the Asian region, projects such as ETH and ADA are prominent, mainly due to signs of a rebound in the market yesterday, with Asian users focusing on trading opportunities for weighted tokens.
(2) In Europe and the United States, popular tokens and projects in the near future, including NOT, Depin, AI, FLOKI, SHIB, etc., surged on the hot search list. In addition, Italian users searched Bitget into the top ten.
(3) The CIS region has a wide range of concerns, including projects such as BLAST, GRASS, ETH, etc.
IV. Potential Airdrop Opportunities
Tonstakers
Tonstakers is the largest liquidity pledging service provider in the TON ecosystem, allowing users to pledge TON in the protocol and earn an annualized return of 3.8%. The current project TVL is $256 million, with a potentially high valuation.
The project has attracted the attention of the Ton Foundation, and the protocol has 68,000 pledgers. The project works with core developers of Ton, Tonkeeper, OKX, and other institutions, with future coin support.
Specific participation method: 1) Visit the project’s official website and click “stake now”; 2) Link to the Ton wallet for pledging.
EVAA
EVAA is the largest lending protocol in the TON ecosystem, allowing users to deposit assets such as TON, USDT, stTON into the protocol and earn lending income. The current project TVL is $40 million, with a potentially high valuation and wealth creation opportunities in the airdrop.
The project has attracted the attention of the Ton Foundation and has been conducting EVAA XP Mining since March 29th. The project team has transparent information, and core developers come from the Ton Foundation, with official endorsement.
Specific participation method: 1) Visit the project’s official website, find the Supplies portal, and click on the asset you want to deposit; 2) Link to the Ton wallet for Supply.
