Bitget Research Institute: Shanzhai coins perform poorly, LayerZero conducts a coin airdrop.

In the past 24 hours, the market has seen many new popular coins and topics, which are likely to be the next wealth creation opportunities.

Authored by: Bitget Research Institute

Abstract

The overall market has experienced a slight decline, with poor performance from altcoins, while blue-chip tokens in the ETH ecosystem have shown a counter-trend rise over the past week. The airdrops of ZKsync and LayerZero are the hottest social media topics this weekend. ZKsync will open for trading today, and LayerZero has announced the airdrop rules and released an image with the word "6.20," hinting at an upcoming TGE.

Specifically:

Strong wealth creation sectors include: ETH ecosystem projects, Curve-related tokens;
User hot search tokens & topics include: Banana Gun, CVX, Kiloex, Monad;
Potential airdrop opportunities: Kiloex, Zircuit;

Data Statistics Time: June 17, 2024, 4:00 (UTC+0)

I. Market Environment

BTC spot ETF saw net outflows on 4 out of 5 working days last week, with a slight decline in the overall market and poor performance from altcoins. However, the ETH/BTC exchange rate has been relatively strong over the past week, and there is an expectation in the market that "ETH spot ETF will be launched in July."

ZKsync (ZK) will be listed for trading on major exchanges today at 8:00 (UTC), which is 16:00 (UTC+8). LayerZero also announced the airdrop allocation rules and a preliminary witch list over the weekend.

II. Wealth Creation Sectors

1) Sectors to Focus on in the Future: ETH Ecosystem Projects

Main reasons:

Despite the general market decline, the ETH/BTC exchange rate has been relatively strong over the past week;
A Bloomberg ETF analyst tweeted that the launch date of the Ethereum spot ETF may be brought forward to July 2;
In the past week, amidst the general decline in altcoins, well-known ETH ecosystem projects such as ENS, UNI, and LDO have shown a counter-trend rise;

Specific coin list: ETH, ENS, UNI, LDO, RPL, PENDLE

2) Sector Dynamics: Curve-Related Tokens (CRV, CVX)

Main reasons:

Several CRV lending positions of Curve's founder were liquidated, causing a short-term plunge in CRV, which then rebounded. Following the statement "Curve founder declares full repayment of $10 million CRV bad debt on Curve lending platform," CRV continued to rebound significantly, and Convex Finance, an income optimizer for Curve, surged over 90% in the past 24 hours following CRV's rebound.

Rise situation:

After a sharp decline, CRV rebounded by 26%, but still has a 25% decline over the past month; CVX's price broke $4, surging by 90% in the past 24 hours.

Factors affecting future market:

Curve is still one of the best places for stablecoin bulk trading, maintaining good real profits. Its biggest current issue lies in the outdated narrative and lack of exciting new products or operations to excite the market. However, several whales previously bought CRV OTC at prices higher than $0.3, indicating that CRV's price still has some appeal.

III. User Hot Search

1) Popular Dapps

Banana Gun

Banana Gun Bot is a well-known Telegram trading bot that allows users to quickly engage in DeFi trading and token presales on the Telegram platform. A key advantage of Banana Gun is its revenue-sharing model. Users holding Banana tokens can share the income generated by the bot, including 40% of the bot's income from referrals and 50% of the tax revenue from trading through the bot. Recently, Banana Gun announced its data performance, with increasing user and trading volume, and is preparing to enter the popular blockchain Berachain.

2) Twitter

KiloEx

KiloEx is a decentralized exchange focusing on providing user-friendly perpetual contract trading. Its features include fast trading, real-time market monitoring, a trading experience similar to centralized exchanges, a wide range of trading pairs, hedging tools, and decentralized copy trading.

A recent important news for KiloEx is its investment from Binance Labs, making it part of the MBV program's sixth season. KiloEx also launched an airdrop activity, allowing users to earn rewards through wallet connection, inviting friends, and participating in trading.

3) Google Search & Regions

Global Perspective:

CVX: Recently, due to the liquidation of the borrowing head village of Egorov, the founder of the DeFi well-known project Curve, which caused significant fluctuations in CRV. Convex Finance, as an income optimizer for Curve, followed CRV's rebound.

Regional Hot Searches:

(1) In the Asian region, RWA Crypto stands out, as the crypto market begins to focus on stable income RWA projects due to the rise of the US dollar and reduced expectations of interest rate cuts.

(2) In Europe and the United States, attention is on recent popular tokens and projects, including Notcoin, Monad, TON, etc.;

IV. Potential Airdrop Opportunities

Kiloex

A derivative DEX supported by investments from Binance Labs, Foresight Ventures, 7upDAO, etc. The project currently supports opBNB, Manta, and BNB chains, and allows users to earn points through derivative trading, converting USDT into kUSDT for wealth management, and depositing STONE, among other methods.

Specific participation methods: 1) Trade in the derivative market, where every $1000 traded earns 35 points; 2) It is recommended to trade on the opBNB or Manta chain, as the fees are lower than on the BNB chain; 3) Pay attention to the premium of kUSD, as a price drop will result in a loss when redeemed.

Zircuit

Zircuit is a Layer2 public chain project based on zkRollup and integrated with AI, invested by Pantera and Dragonfly. The project's TVL has exceeded $1.1 billion. Zircuit's ecosystem is gradually improving, including functions such as staking, cross-chain bridges, and browsers. Users can also qualify for airdrops by participating in ecosystem construction and community interaction.

Specific participation methods: 1) Participate in staking on the page (https://stake.zircuit.com/) to win points; 2) Participate in deploying nodes to win points (https://build.zircuit.com/build).

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