The market has seen a number of new popular currencies and topics in the past 24 hours, which are likely to be the next wealth creation opportunities.
Summary:
Yesterday, the US dollar index returned to 106, and emerging markets and risk assets were under pressure. After Blast released an airdrop, the main Layer2 airdrop has basically ended. Key points include:
Strongly relative wealth-creating sectors: 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, with the price of Bitcoin fluctuating between $58,000 and $62,000.
Regarding Bitcoin ETFs, yesterday ended the continuous net outflow state, with a net inflow of $31 million. Overall market selling pressure is high, with continuous reports of address outflows from various governments and MotGox. There are rumors in the market 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, the Blast Layer2 airdrop ended yesterday. The top-tier projects that have undergone TGE in the first half of this year have all performed poorly, including zkSync, LayerZero, Blast, etc., disappointing the community and investors. The myth of wealth creation in Layer2 has gradually faded.
II. Wealth-creating Sectors
1) Sector movements: Ethereum ecosystem (MKR, ENS)
Main reasons: Reuters reported yesterday that the Ethereum ETF may be listed before July 4th, bringing many positives to the Ethereum-related ecosystem. Major projects in the Ethereum ecosystem experienced a slight rebound, such as MKR, ENS, etc.
Rise situation: MRK 24H increase by 7.11%, ENS 24H increase by 3.1%
Factors affecting the future:
Whether ETH continues to rise: The liquidity of ETH ecosystem DEX is good, and many tokens are priced in ETH on DEX. An increase in ETH price can directly add to the rise in ETH ecosystem assets. If the price of ETH continues to rise, core assets on Ethereum tend to maintain their popularity;
Project development dynamics: Mainstream Ethereum projects have strong profit-making capabilities and future transformation capabilities, such as MakerDao’s introduction of the RWA concept. Investors should focus on the project dynamics of mainstream projects in the Ethereum ecosystem, as well as the opinions of key figures related to these projects, such as Vitalik’s praise for ENS, etc.
2) Sectors that need to be closely watched in the future: 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 rising rapidly with the help of Telegram’s huge daily active users, and various project tokens are rapidly moving towards Mass Adoption, injecting fresh blood into the cryptocurrency industry, making it a unique narrative and ecological track in the current market environment.
Rise situation: TON 24H increase by 1.5%;
Specific currency list: TON, NOT, STON, GRAM, FISH
Influencing factors:
During the continuous decline of the overall market and the sharp drop in altcoins, TON tokens and Ton ecosystem tokens have relatively withstood the decline.
The TVL of the two top DEXs in the Ton ecosystem, which also have the highest TVL: DeDust and STON.fi, has increased by 12% and 3% respectively over the past 7 days against the trend.
The high traffic Telegram Mini App Catizen and Hamster Kombat in the Ton ecosystem continue to attract market attention, with Catizen’s on-chain user total surpassing 1.25 million and Hamster Kombat’s user base surpassing 150 million, becoming one of the few hot spots in the cryptocurrency market in recent times.
Pantera Capital is raising funds for a new fund dedicated to TON tokens, which is called “Pantera TON Investment Opportunity” and aims to raise funds to purchase more TON tokens, with a minimum investment amount of $250,000 per supporter.
III. User Hot Searches
1) Popular Dapps
Blast (Dapp)
The Blast Foundation announced that it will airdrop BLAST to the community at 22:00 on June 26th Beijing time. Blast revealed 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 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. According to current secondary market prices, BLAST is currently fluctuating around $0.025, and there is a high volatility in the initial listing of new tokens, so there may be trading opportunities.
2) Twitter
Solana Blinks: Yesterday, Solana Blinks officially launched and received widespread attention from the community. Solana Blinks (Blockchain links) is a protocol product in Solana Actions, and Solana aims 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 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’ launch lies in simplifying the difficulty and complexity of user interaction and chains, and the future route of Solana+ social media may become widespread due to this feature, so it is recommended to pay attention to the first MEME coin promoted using Blinks.
3) Google Search & Regions
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 was an abnormality in the BLUR Season 3 airdrop contract, with some users being prompted to pay over $1000 in Gas when claiming.
In terms of hot searches in various regions:
(1) In the Asian region, projects such as ETH and ADA were prominent due to signs of a rebound in the market yesterday, and Asian users were interested in trading opportunities for weighted tokens.
(2) In Europe and the United States, they were interested in recent popular tokens and projects, including NOT, Depin, AI, FLOKI, SHIB, and Bitget reaching the top ten in searches in Italy;
(3) The CIS region has a wide range of interests, including projects such as BLAST, GRASS, and ETH.
IV. Potential Airdrop Opportunities
Tonstakers
Tonstakers is the largest liquidity staking service provider in the TON ecosystem, where users can stake TON in the protocol and earn an annualized return of 3.8%. The project currently has a TVL of $256 million, with a high potential valuation.
The project has attracted attention from the Ton Foundation, and the protocol has 68,000 stakers. The project is collaborating with core developers of Ton, Tonkeeper, OKX, and other institutions, with future coin issuance support.
Specific participation methods: 1) Visit the project’s official website and click “stake now”; 2) Connect to the Ton wallet to stake.
EVAA
EVAA is the largest lending protocol in the TON ecosystem, where users can deposit assets such as TON, USDT, stTON, etc., and earn lending returns. The project currently has a TVL of $40 million, with a high potential valuation, and there is a wealth opportunity in the airdrop.
The project has attracted attention from the Ton Foundation and has been open for EVAA XP Mining since March 29th. The project team is transparent, with core developers from the Ton Foundation and official endorsements.
Specific participation methods: 1) Visit the project’s official website, find the Supplies section, and click on the asset you want to deposit; 2) Connect to the Ton wallet to Supply.
