Bitget Research Weekly Highlights: Solana-based assets lead market gains, Bitget platform token BGB continues to reach new highs
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Bitget Research Weekly Highlights: Solana-based assets lead market gains, Bitget platform token BGB continues to reach new highs
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (Dec 18–22), the market saw several new trending cryptocurrencies and topics.
1. Market Trends
The most discussed topics in the market this week (Dec 18–22) were:
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Unisat to support ARC-20 assets, Solana-based assets leading market gains
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ETF approval approaching, BTC rebounds above $44K, inscriptions trend spreading across multiple blockchains
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Bitcoin Cats sparks on-chain FOMO; Bitget’s native token BGB hits new highs
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Market bounces back strongly after brief pullback; Helium Mobile leads surge in DePIN sector
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Inscription-sector tokens broadly decline, while Bitget’s BGB reaches all-time high
2. Popular Projects
The hottest projects this week (Dec 18–22) include:
TURT (Token): $TURT is the native token of @Turtsat, an IDO platform for BRC-20 inscription projects. TurtSat also introduces a novel token issuance model for the Ordinals ecosystem via its donation protocol. Users lock funds upon donation, and once block confirmation is complete, tokens are automatically transferred to their wallets—eliminating gas wars. This mechanism ensures fairness, reduces gas costs, and provides early revenue for project teams.
MUBI (Token): MUBI is the native protocol token of Multibit, a cross-chain bridge connecting BRC-20 and ERC-20 assets. As the BRC-20 ecosystem gains traction, speculative interest has spilled over to Ethereum. Multibit enables users to transfer BRC-20 tokens from Bitcoin to Ethereum to access DeFi applications, a unique utility that has attracted significant market attention and capital inflows.
BSSB (Token): BSSB is the token of Bitstable, a decentralized stablecoin protocol built on Bitcoin. The project has $4.78 million in liquidity pools on DEXs and a total market cap of $50 million. It recently launched staking, allowing users to stake DAII to earn BSSB rewards. With a 24-hour trading volume of $11.16 million, the token faces some downward pressure but remains an innovative project worth monitoring.
BIIS (Token): A comprehensive infrastructure suite for the BRC ecosystem, offering tools for launching, cross-chain transfers, bulk distributions, batch collection, signed distribution, and mass operations for standards like BRC-20/420/721/100. The project has a market cap of $20 million and a 24-hour trading volume of $1.98 million, making it highly popular.
Bitcoin Cats (Token): A game project launched on the Bitcoin network, Bitcoin Cats triggered on-chain FOMO after its IDO on BakerySwap, oversubscribed by 150x. The token $CAT is now tradable, with a current market cap of $35 million, 24-hour trading volume of $38 million, and a 24-hour price increase of 83%.
BITMAP (NFT): Bitmap.land is the first metaverse project in the Bitcoin ecosystem, built on Ordinals Theory and Bitmap Theory. It is currently conducting primary sales of virtual land parcels.
Pudgy Penguins (NFT): Widely regarded as the top-performing NFT project during last year’s NFT bear market, Pudgy Penguins holds the undisputed No.1 spot. Its holders are predominantly DeFi OGs and industry insiders, forming a high-quality community. The team continues active development and marketing initiatives.
Magic Eden (Dapp): Magic Eden is a user-friendly platform known for fast transaction processing, robust security, and compelling features that simplify buying and selling. Through its Launchpad, Magic Eden collaborates closely with creators to help them build, mint, market, and successfully launch their projects. It is a peer-to-peer marketplace based on Solana, designed specifically for trading non-fungible tokens (NFTs).
LaunchBlock (Dapp): Grapes, a cross-media NFT project backed by Animoca, raised 40,321.7 ETH (approximately $89,478,626.49) through a public sale on LaunchBlock. GRAPE will be listed on Bitget, KuCoin, and Bybit. The project began rolling out games, an animated series, merchandise, and licensing deals starting May 2023.
Port3 _aggregator (Dapp): Port3 is a blockchain project aiming to become a Web3 social data gateway by aggregating both Web2 and Web3 data to provide open data services. Its architecture consists of three core modules: data collection, data reading, and data application, enabling aggregation of community dynamics, social media trends, and on-chain transaction data.
3. Hot Searches
The most searched topics this week (Dec 18–22) include:
SEI (Token): SEI’s V2 upgrade, launched in early December, focuses on trading functionality and addresses scalability issues in L1 and L2 infrastructures. Its “parallel EVM” design promises vast application potential and scalability. Amid recent spikes in transactions and spam messages from inscription activity causing outages across various blockchains, speculation around SEI’s “parallel EVM” concept has intensified.
INJ (Token): Yesterday, INJS—the inscription project on Injective—announced plans to launch the first inscription marketplace within the Injective ecosystem. However, before minting began, Injective issued a warning via its official Twitter account, urging users not to participate in INJS inscription. Injective stated that the INJS team lacked transparency, charging fees during minting and depositing them into unaudited wallets.
SOL (Token): Recently, memes, inscriptions, and DePIN projects on Solana have successively become community wealth generators. This resurgence significantly expands SOL’s use cases, driving consecutive price increases for Solana’s native token.
Bitget Research focuses on "tracking on-chain data and uncovering value assets," leveraging real-time monitoring of on-chain metrics and regional search trends to identify cutting-edge investment opportunities. To date, it has delivered early insights into high-potential sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem for Bitget’s global user base, creating superior wealth effects through data-driven institutional-grade research.
[Disclaimer] The market involves risks; investing should be approached with caution. This article does not constitute investment advice. Readers should consider whether any opinions, viewpoints, or conclusions expressed herein are suitable for their particular circumstances. Investment decisions made based on this information are at the reader’s own risk.
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