Bitget Research Weekly Highlights: BRC20 sector remains strong, BGB surges逆势 to new all-time high
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Bitget Research Weekly Highlights: BRC20 sector remains strong, BGB surges逆势 to new all-time high
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (11.13–11.17), several new trending cryptocurrencies and topics have emerged in the market.
1. Market Trends
Key market highlights this week (11.13–11.17):
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Bitcoin rebounded after dropping below $36,000; Polygon inscriptions surged, causing gas fees to spike
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Bitcoin staged a V-shaped recovery nearing $38,000; probability of unchanged Fed rates in December rose to 94.5%
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USDT market cap surpassed $87 billion, reaching a new all-time high; BRC-20 sector remained strong
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Market pulled back ahead of CPI data release; BGB逆势 surged to a new all-time high
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ETH ecosystem projects rebounded sharply; BRC-20 sector stayed active
2. Popular Projects
The most popular projects this week (11.13–11.17) include:
SATS (Token): The most actively traded BRC-20 token currently, with approximately $5.2 million in on-chain trading volume over the past 24 hours. Despite a price drop of over 10%, it has been listed on multiple centralized exchanges.
RATS (Token): A meme-style BRC-20 token representing "rats." Benefiting from recent capital inflows into the BRC-20 space, its on-chain trading volume has surged—reaching 96 BTC (approximately $1.56 million) in 24-hour volume, making it the second-largest BRC-20 token by on-chain volume, with a market cap of $49 million.
GROK (Token): A meme token named after Grok, the AI model launched by Elon Musk’s company xAI. It has gained significant traction on-chain recently. Despite some FUD, the team demonstrated confidence by burning nearly $3 million worth of tokens. Prices rebounded strongly over the past two days, rising up to 60%, with a current market cap of $66 million.
MUBI (Token): A recently trending project focused on cross-chain transfers between BRC-20 and ERC-20 tokens. It conducted an IDO on Bounce and received official commentary from DWF Labs. Given the current popularity of BRC-20 tokens, the project's focus is well-timed. Its smart contract is now open-source, with around $13 million in 24-hour trading volume and a market cap of $14 million. Recommended for continued monitoring.
Azuki (NFT): Blue-chip NFT projects such as CryptoPunks, BAYC, Pudgy Penguins, and Azuki all saw notable rebounds. As market conditions improved and ETH prices rose, increasing the USDT value of NFTs, investor enthusiasm for the NFT market is gradually recovering.
The Captainz (NFT): Memeland’s NFTs experienced a surge in trading volume alongside the rise in $MEME token price. On social media, Memeland stated that while they never had a formal roadmap, they have continuously refined their strategic direction. The next phase will focus on five key areas: products, events, NFTs, integrations, and SWAG.
Circle (Dapp): Circle has begun discussions with advisors regarding a potential IPO in early next year. However, challenges remain due to declining market share of its flagship product, USDC stablecoin, which has fallen to under 19%—far below levels seen when the company withdrew its public listing plans last December. Today, Circle announced a strategic investment in Sei Network, supporting native USDC integration on the network.
Maestro (Dapp): Maestro, a well-known on-chain bot, remains highly popular within the crypto community. With first-mover advantage and a solid user base, Maestro’s daily fee revenue has climbed back to previous highs, ranging between $150,000 and $200,000, maintaining its leadership position in the BOT sector.
Dmail (Dapp): Dmail is a Web3.0 email application built on Dfinity technology, integrating NFT functionality and decentralized storage. Each account functions as an NFT. The project aims to bridge the gap between traditional email systems and blockchain-based communication, lowering the barrier to entry for users and developers into the crypto world. Dmail’s design philosophy is to make blockchain technology as simple and intuitive to use as the internet.
3. Hot Searches
Top trending topics this week (11.13–11.17):
AVAX (Token): Avalanche announced a collaboration with JPMorgan. Specifically, JPMorgan’s digital asset platform Onyx partnered with alternative asset management firm Apollo. Their joint effort will leverage LayerZero’s omnichain interoperability protocol to connect Onyx with Avalanche’s permissioned Evergreen subnet, facilitating subscriptions and redemptions for tokenized assets via Wisdom Tree Prime. AVAX token price rose nearly 50% over the past three days.
XRP (Token): According to Bloomberg, a registration filing for an “iShares XRP Trust” appeared on Delaware’s official website, allegedly submitted by BlackRock, sparking market attention. XRP briefly spiked nearly 13% following the news. However, a BlackRock spokesperson confirmed the document was fraudulent and unrelated to the company. Per bitget market data, the current price stands at $0.66, having erased all prior gains.
KAS (Token): Kaspa has become the second-largest network by computing power after Bitcoin. It has surged 1,920% over the past year, consistently hitting new highs. Yesterday, Binance launched KAS futures contracts. The token now sees $240 million in 24-hour trading volume across platforms, with a market cap of $2.85 billion.
Bitget Research focuses on “tracking on-chain data and uncovering valuable assets,” leveraging real-time monitoring of on-chain metrics and regional search trends to identify emerging investment opportunities. To date, it has delivered institutional-grade insights to Bitget’s global user base, highlighting early-stage value assets in trending sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem, creating superior wealth effects through data-driven research.
[Disclaimer] The market involves risks; investments should be made with caution. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions expressed herein are suitable for their individual circumstances. Investment decisions based on this information are made at the user’s own risk.
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