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VIPBitget VIP Weekly Research InsightsThe Solana ecosystem has demonstrated exceptional performance this year. The 24-hour trading volume on Solana's DEXs often exceeds that of Ethereum, and the SOL/ETH exchange rate has consistently increased. Coinbase's recent Q3 earnings report disclosed that SOL now constitutes 11% of its trading revenue, underscoring users' strong interest in trading SOL. During this market cycle, holding SOL positions can be beneficial. Furthermore, holding SOL-based LSTs enables you to earn annualised returns denominated in SOL. Bitget has collaborated with Solayer, Orca, Save, and Kamino to launch BGSOL, and will strive to expand BGSOL's applications. With support from Bitget, BGSOL currently offers the highest APR among SOL-based LSTs.
VIPBitget VIP Weekly Research InsightsThe concept of AI agents has recently gained significant traction in the crypto space, particularly with AI agent memecoins. Moving beyond theoretical ideas, AI agents are now being applied across various fields, including the autonomous execution of transactions on the blockchain, complex analytics, and even automating everyday tasks. Overall, the AI agent trend in crypto demonstrates considerable growth potential and technological innovation. However, investors and tech enthusiasts are advised to balance enthusiasm with rational assessment, focusing on genuine progress and practical applications of these projects. This article recommends two projects, VIRTUAL and OLAS, both showcasing substantial advancements and real-world use cases with strong market support.
VIPBitget VIP Weekly Research InsightsMemecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
VIPBitget VIP Weekly Research InsightsRecently, as market liquidity recovers, the crypto market—led by key assets like BTC and ETH—has started to rebound. Leading DeFi assets have continued to update their products amid six months of market volatility, maintaining their market dominance and leading positions. With the upcoming U.S. presidential election, both candidates are likely to propose favorable policies regarding DeFi and Web3 applications, potentially bolstering the sector. As a result, leading DeFi assets are expected to benefit from an early boost in liquidity recovery and may outperform the broader market in the coming months.
VIPBitget VIP Weekly Research InsightsIn the wake of the market narrative surrounding the "Solana Killer," SUI, which recently launched the Grayscale Sui Trust and Binance futures, has doubled in value within a month. The leading projects in the Sui ecosystem have also benefited from the generous subsidies and strong support provided by the Sui Foundation. This surge has brought numerous opportunities within the Sui ecosystem.
VIPBitget VIP Weekly Research InsightsAs the Federal Reserve initiates its interest rate cut cycle, the cryptocurrency market is witnessing a widespread recovery. In addition to mainstream assets such as BTC and ETH, the AI sector has also bounced back swiftly. The intersection of AI and crypto has become a captivating narrative in this market cycle, drawing the attention of numerous tech teams and venture capital firms. Leading projects in this domain have demonstrated substantial growth. Recommended projects to monitor closely include Bittensor (TAO), Near Protocol (NEAR), and Arkham (ARKM).
VIPBitget VIP Weekly Research InsightsLiquid staking emerged after Ethereum transitioned from a proof-of-work to a proof-of-stake mechanism. Its primary goal is to enhance asset utility by allowing users to earn staking rewards while maintaining the liquidity of their staked positions. Currently, mainstream liquid staking protocols allow users to stake their assets in exchange for liquid staking tokens (LSTs). For instance, by staking ETH on platforms such as Lido, users receive stETH tokens. This approach is commonly referred to as "liquid staking derivatives" (LSDs). Since Binance hinted at collaborating with Sanctum to launch the Solana liquid staking token BNSOL, Sanctum's governance token CLOUD has gained significant attention, rising despite unfavorable market trends. On September 5, Bybit announced its partnership with Solayer to launch bbSOL. Additionally, major exchanges have unveiled plans to introduce Solana LST tokens. EigenLayer also began its second season of airdrop claims this week, with its governance token EIGEN potentially circulating by the end of September. The LSD and restaking sectors are gaining quiet momentum, potentially setting the stage for a new wave of hype around restaking within the SOL ecosystem.
VIPBitget VIP Weekly Research InsightsThis week, the US will release initial claims for unemployment insurance and the unemployment rate, which are key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.
VIPBitget VIP Weekly Research InsightsOn 12 August, the TRON ecosystem DEX, SUN.io, launched Sun Pump, the ecosystem's first memecoin issuance platform. Its aim is to provide creators with a convenient and cost-effective token issuance solution. As of 21 August, Sun Pump has surpassed pump.fun in revenue and the number of new tokens issued. Some Meme coins issued on Sun Pump have demonstrated astonishing performance. For instance, SUNDOG increased by 10,156 times within 5 days and 8 hours of its creation, and FOFAR increased by 6176 times in 4 days and 6 hours. These skyrocketing memecoins have attracted significant attention from investors.
VIPBitget VIP Weekly Research InsightsSince Q2 2024, despite the overall decline in the cryptocurrency market, one ecosystem has bucked the trend and delivered exceptional returns—the TON ecosystem. The price of TON has surged by over 3.5x since the beginning of the year and is currently fluctuating around $7, near its all-time high. Backed by Telegram's nearly 1 billion users, the TON ecosystem has developed a range of unique applications that have recently become a focal point within the community.
- 10:30Nasdaq-listed company Hyperion DeFi increases its holdings by over 42,052 HYPE tokensChainCatcher news, on-chain data shows that Nasdaq-listed company Hyperion DeFi increased its holdings by 42,052.14 HYPE tokens about 14 hours ago, with an average purchase price of $46.343. As of now, the company holds a total of approximately 1.75 million HYPE tokens, valued at $79,500,000. Hyperion DeFi, Inc. (HYPD), formerly known as ophthalmology company Eyenovia (EYEN), announced a $50,000,000 PIPE financing in June, launched the HYPE treasury reserve strategy, and officially changed its company name to Hyperion DeFi on July 3, with the stock ticker also updated to HYPD.
- 10:04Web3 data and interaction infrastructure T-REX launches team feature, driving 280,000 users from "individual contribution" to "collective win-win"ChainCatcher News, Web3 data and interaction infrastructure T-REX has officially launched the Portal Squad feature. As an on-chain smart engine aimed at reshaping the entire Web3 economic value distribution, T-REX further unites its ecosystem of over 280,000 active users through the innovative "Squad" gameplay. By leveraging on-chain collaborative mechanisms, it elevates multidimensional personal data value (5D Persona) to collective collaboration value, jointly unlocking exclusive badges and earning continuous rewards, thereby stimulating greater network effects. This feature allows users to freely create or join squads. Squad members can unlock unique "Squad Badges" by completing on-chain tasks and making contributions together. These achievements will permanently become part of each member's T-REX Persona, enriching their on-chain identity profile. The incentive design is particularly noteworthy. The feature is built with a "referrer reward mechanism," where users who successfully invite new members to join their squad can continuously receive 10% of the honor value contributed by those members as passive income. This mechanism aims to provide long-term returns for community builders, forming a powerful growth flywheel. T-REX founder Joyce Yim stated: "The Squad feature is a key step in elevating personal data value to collective collaboration value. We believe that collaborative organizations based on on-chain trusted data will be the core form of next-generation Web3 applications. Currently, the 280,000 users of T-REX Portal have already claimed over 810,000 badges, laying a solid foundation for us to build an efficient on-chain economic system." At present, users can connect their wallets and verify their identities to directly create or join squads on the T-REX platform, participating in on-chain collaboration and incentive distribution.
- 09:58In September, the DEX trading volume of tokenized gold PAXG and XAUT reached a record high.According to ChainCatcher, Tom Wan, Head of Data Analytics at Entropy Advisors, posted on X that the price of gold has surpassed $4,000 for the first time, rising 54% year-to-date (while Bitcoin has risen 31% over the same period). Tokenized gold can serve as an option for crypto natives to gain exposure to gold without the need for physical storage. In September, the monthly DEX trading volumes of PAXG and XAUT reached all-time highs ($118.1 million and $62.75 million, respectively), with Uniswap and Curve being the main trading venues.