Bitget Research Weekly Highlights: NVIDIA's Revenue Beats Expectations, Driving Broad Gains in AI Sector; STRK Airdrop Valued Over $200 Million
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Bitget Research Weekly Highlights: NVIDIA's Revenue Beats Expectations, Driving Broad Gains in AI Sector; STRK Airdrop Valued Over $200 Million
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (2.19–2.23), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (02.19–02.23) were:
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BTC briefly dropped below $51,000; Bitcoin Layer 2 Merlin's TVL rose to nearly $2 billion
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NVIDIA's revenue beat expectations, driving broad gains in the AI sector; FOMC minutes emphasized that it is too early to ease policy
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STRK airdrop valued over $200 million; Ethereum price breaks above $3,000
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STRK set to begin trading; storage sector surges
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Sora reignites AI hype; ETH breaks out to new year highs
2. Popular Projects
The hottest projects this week (02.19–02.23) included:
WCD (Token): McDonald's official Twitter announced the launch of its metaverse brand wcdonalds, which received a like from Elon Musk. Benefiting from the news, the related meme coin WCD saw speculation on-chain. After absorption of initial selling pressure by deployers, its market cap surged from $400,000 to over $4 million, with a 24-hour trading volume of $5.47 million.
PLT (Token): Palette, an ERC-404 generative art project incubated by artist CFW and Pandora, experienced a bug upon its first launch yesterday, preventing some buyers from selling and blocking NFT-token conversion. After code audits and fixes, liquidity was redeployed. The token reached a peak market cap of $15 million, with a 24-hour trading volume of $17 million.
ARB (Token): Arbitrum's official tweet announced that Social Network, a Bitcoin staking Layer 2 network, will settle transactions on Ethereum, with 8% of its sequencer profits allocated to ArbitrumDAO and 2% to reward developers in the Arbitrum Developer Collective. Social Network is a yield-bearing Bitcoin Layer 2 backed by Arbitrum.
PIXEL (Token): Pixels is a P2E-focused Web3 farming game where players engage in familiar agricultural activities such as crop planting, food preparation, and trading goods. Players also have the unique opportunity to own and develop individual plots of farmland. The project conducted an airdrop to RON stakers and has since been listed on major exchanges.
Bored Ape Yacht Club (NFT): Greg Solano, co-founder of Yuga Labs, announced via Twitter that he will resume his role as CEO of Yuga Labs. A new subsidiary, BAYC LLC, has been established under Yuga to manage all BAYC-related operations. As a result, Bored Ape’s 24-hour trading volume doubled and floor price rose 10% to 24 ETH.
Moonbirds (NFT): On February 17, Yuga Labs, the developer behind Bored Ape Yacht Club, announced the acquisition of Proof, the team behind Moonbirds. Yuga Labs did not disclose details of the acquisition. Moving forward, Moonbirds will be integrated into Yuga Labs’ gamified virtual universe, Otherside.
Node Monkes (NFT): A Bitcoin-native NFT collection based on the Ordinals protocol, featuring PFP-style artwork. Recently, NodeMonkes Honoraries NFTs were auctioned at Sotheby’s, receiving 38 bids with a valuation of $6,500. This initiative boosted visibility for the project, leading to increased trading volume and wealth effect on MagicEden.
Starknet (Dapp): Following the STRK token launch, Starknet now has a circulating market cap of $1.3 billion and a fully diluted valuation of $18.4 billion. This has driven Starknet’s on-chain TVL to surge to $1.3 billion—a 600% increase over seven days—ranking it fourth among Layer 2 platforms by TVL, with STRK accounting for 83.58% of total value locked.
Blast (Dapp): Blast is an innovative Ethereum Layer 2 platform distinguished by offering native yield on both ETH and stablecoins. Leveraging Ethereum’s Shanghai upgrade, it provides automatic compounding for ETH and T-Bill yields on stablecoins through its USDB (Blast USD). This model enhances asset value and market efficiency, setting Blast apart in the Layer 2 landscape. The team announced that the exact mainnet launch date will be revealed later this week. Currently, TVL has surpassed $1.9 billion.
Magic Eden (Dapp): Magic Eden, a multi-chain NFT marketplace, has launched its retroactive Diamond rewards program. Users who previously interacted with the platform can complete certain tasks to earn rewards, with subsequent task rewards being doubled. Diamond points are now tradable on the OTC marketplace Whales Market, where one Diamond is valued at $0.0629.
3. Hot Searches
The most searched topics this week (02.19–02.23) were:
Worldcoin (Token): Worldcoin, a crypto venture backed by OpenAI founder Sam Altman, has gained attention amid growing investor interest in the AI sector following OpenAI’s recent release of Sora. The Worldcoin token price has continued to rise as a result.
AGIX (Token): Driven by NVIDIA’s Q4 earnings significantly exceeding expectations, the AI sector has shown strong momentum recently. Led by WLD, SingularityNET—one of the core projects in the AI space—has seen its token surge over 100% in the past seven days, reaching a market cap of $900 million and a 24-hour trading volume of $540 million across all platforms.
BNB (Token): Binance announced yesterday that Portal would be launched on Launchpool, allowing users to stake BNB to participate in token offerings. Portal is a gaming ecosystem token, and Portal Gaming is a platform dedicated to Web3 games, focusing on features such as one-click login via Portal Passport and seamless payments. With solid fundamentals, the project warrants post-launch monitoring.
MapleStory Universe (Dapp, NFT): MapleStory Universe is a virtual world ecosystem built around MapleStory NFTs, aiming to generate tangible and intangible value. At the end of last year, game developer Nexon announced a $100 million Web3 fund to support its blockchain gaming ecosystem MapleStory Universe and related IPs. This funding will support developers building SDKs and creating a sandbox platform for players and creators to build blockchain games.
Bitget Research focuses on "tracking on-chain data and uncovering valuable assets," leveraging real-time on-chain analytics and regional search trends to identify emerging investment opportunities. To date, it has provided Bitget’s global users with early access to high-potential sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem, delivering institutional-grade insights and enhanced wealth creation through data-driven research.
[Disclaimer] The market involves risks; investments should be made with caution. This article does not constitute investment advice. Readers should consider whether any opinions, viewpoints, or conclusions expressed herein are suitable for their individual circumstances. Investment decisions based on this information are solely the responsibility of the reader.
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