Bitget Research Institute: GAS on ETH chain drops to 2 Gwei

Source: Bitget

In the past 24 hours, many new popular currencies and topics have appeared in the market, and it is very likely that they will be the next opportunity to make money.

• Subsequently, key sectors to focus on: AI sector, TON ecosystem

• Users' hot search tokens and topics are: Kaito, NOT, TON

• Potential airdrop opportunities are: UXLINK, Li.Finance

Data statistics time: May 13, 2024 4:00 (UTC+0)

1. Market environment

The cryptocurrency market fluctuated over the weekend as the market awaited the U.S. CPI data on May 15. Traders were clearly risk averse and there was a lack of market hotspots. ETH/BTC fell to 0.047, and the ETH network gas fee dropped to the freezing point of 2 gwei. In the past two years, the previous three ETH gas bottoms were also the bottoming range of ETH price.

The airdrops and TGEs of well-known projects are still the focus of market attention: since EigenLayer opened the EIGEN token airdrop application, the number of addresses participating in the token application has exceeded 130,000, and is still increasing rapidly. The airdrop announcements of BounceBit, io.net, Notcoin, LayerZero, etc. have attracted market attention.

2. Wealth-making sectors

1) Sectors that need to be focused on in the future: AI sector

Main reasons:

• AI sector and distributed computing power sector have a strong consensus in this round of market, with strong growth and smaller maximum retracement than other sectors, and have certain support. Today, the AI ​​sector has a certain correction, and you can wait for a good entry opportunity.

• Market rumors say that Apple is close to reaching an agreement with OpenAI to apply ChatGPT to iPhone. At the same time, Apple's Global Developers Conference will start on June 10, when Apple may announce its plan to upgrade Siri with AI technology.

• ChatGPT-5 may be officially released as early as June.

Specific project list: TAO, RNDR, AR, ARKM, WLD, FET, AGIX

2) The sector that needs to be focused on in the future: TON ecosystem

Main reason:

• Pantera's investment in TON may be at least over 250 million US dollars, which is Pantera's largest investment in cryptocurrency in history.

• Notcoin, a super high-traffic project in the TON ecosystem, is listed on Binance, but the TON token itself has not yet been listed on Binance. The market expects that it is only a matter of time before TON is listed on Binance.

• The infrastructure of the TON ecosystem is in its early stages. Currently, high-traffic projects such as Notcoin and Catizen have emerged, showing a huge userbase backed by Telegram.

• The issuance of stablecoins in the ecosystem has brought financial vitality. The supply of USDT on the TON chain reached 130 million in two weeks, making it the eighth blockchain in terms of USDT issuance.

Specific project list: TON, FISH, UP

III. User hot search

1) Popular Dapp

EigenLayer:

Eigenlayer is an innovative protocol described as "recursively composable" that enhances blockchain networks by reusing the security of base layers such as Ethereum. This approach enables improved computing and greater scale by leveraging the established security of the underlying blockchain, ensuring that enhanced functionality does not compromise security, thereby maintaining trust and reliability.

Recently, EigenLayer has opened airdrops. All users on the chain who participated in re-staking can receive EIGEN tokens, but EIGEN tokens cannot be transferred at present. Users who currently receive EIGEN tokens can participate in the token staking of AVS services and participate in the development of the project ecosystem.

2) Twitter

Kaito:

Kaito AI aims to build an AI search engine for the crypto industry to bring together fragmented information in the crypto space. Kaito has built one of the most extensive information databases in the crypto space. By combining this database and our in-house AI technology with the advanced language model of ChatGPT/GPT-3, Kaito aims to provide a better search experience than existing alternatives on the market.

Kaito AI, an AI-based crypto search engine, announced the completion of a $5.3 million financing round, led by Dragonfly Capital, with participation from Sequoia China, Jane Street, AlphaLab Capital, etc.

Kaito AI is relatively agile in capturing hot information in the crypto industry, and has recently attracted the attention of the crypto community, which is of great help in following the dynamics of the crypto community. At the same time, the project has not yet issued a coin, and users can actively participate in the interaction.

3) Google Search  Region

From a global perspective:

Notcoin (NOT): Notcoin is a game based on Telegram. Users can earn in-game tokens by clicking on coin images. Similar to the concept of "Tap to Earn". Before the Notcoin TGE, "vouchers" were used to represent the Notcoin currency in the game, which can be exchanged for $NOT after the TGE. The project has its own pre-market trading market: https://getgems.io/notcoin. Data shows that 640,000 users already hold NOT pre-market tokens. It has been confirmed that it will be listed on Binance Launchpool and OKX.

From the perspective of hot searches in various regions:

(1) Yesterday's hot searches in various regions in Asia mainly focused on recent hot topics: AI, SocialFi, MEME

Recent hot on-chain AI-related tokens: OLAS, FET, etc., SocialFi has attracted attention from Farcaster, Degen, Pump.fun, etc., MEME has attracted attention from Shiba Inu, Floki, etc.

(2) There are no significant hot spots in Africa, CIS and English regions

The regional popularity in this region showed a relatively scattered performance, among which BTC, ETH, and Solana frequently appeared on the hot searches. Some users will pay attention to narratives such as AI and Meme, and the overall market has shown theme differentiation.

Fourth, potential airdrop opportunities

UXLINK

UXLINK is a pioneering web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a series of highly modular Dapps, from getting started to graph formation, group tools to social transactions, all of which are seamlessly integrated in Telegram.

UXLINK recently announced financing, led by SevenX Ventures, Ince Capital, and HashKey Capital, with a total financing of US$15 million.

Specific participation methods: Web3 social infrastructure project UXLINK issues the "IN UXLINK WE TRUST" series of NFTs as airdrop certificates. According to the user's community contribution, on-chain interaction and asset status, it is divided into four levels: "MOON", "TRUST", "FRENS", and "LINK", corresponding to different rights and interests and the number of UXLINK token airdrops.

Li.Finance

Jumper Exchange is a multi-chain liquidity aggregator that supports cross-chain exchange and exchange gas fee functions of most mainstream blockchains, and is technically supported by LI.FI.

Its developer LI.FI completed a $17.5 million Series A financing, led by CoinFund and Superscrypt.

Specific participation method: Complete multiple cross-chain transactions on Jumper Exchange. The specific transaction amount, number of transactions, active time, etc. can refer to the airdrop standards of other DEXs in the past.