Bitget Research Weekly Highlights: BTC touches $64,000, Ethereum's Cancun upgrade set to activate on March 13
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Bitget Research Weekly Highlights: BTC touches $64,000, Ethereum's Cancun upgrade set to activate on March 13
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (2.26-3.01), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (02.26-03.01) were:
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Bitcoin briefly dropped below $61,000; Blast staked assets are now migratable to the Blast mainnet
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Bitcoin briefly broke above $64,000; Telegram Ads announced TON blockchain for payments
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Bitcoin fluctuated at high levels; Ethereum's Cancun upgrade confirmed for activation on March 13
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BlackRock's IBIT daily trading volume hits record high; BTC breaks above $57,000
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Uniswap's tokenomics update triggered DeFi sector movements; ETH price breaks above $3,100
2. Popular Projects
The hottest projects this week (02.26-03.01) include:
SATS (Token): As Bitcoin surpassed $60,000, ecosystem projects drew capital attention. SATS broke out from its bottom range yesterday, surging 20% in 24 hours. Trading was primarily concentrated on centralized exchanges, with 24-hour trading volume reaching $150 million.
PYTH (Token): South Korean exchanges Upbit and Bithumb both announced listings for PYTH, driving a sharp rise in PYTH’s price. Pyth Network continues expanding its product and project development, recently launching price feed services on Hedera.
Portal (Token): A gaming ecosystem token, Portal Gaming is a platform dedicated to Web3 games, focusing on features like one-click login via Portal Passport and seamless payments. The project has fundamental support, but prices have started declining, dropping 17.56% in 24 hours.
FLOKI (Token): DWF Labs announced a $10 million investment to purchase FLOKI tokens to support the Floki ecosystem. Following the announcement, FLOKI’s price rose over 10% in the short term. Floki first partnered with DWF Labs in May 2023, when DWF purchased $5 million worth of FLOKI tokens.
PEPE (Token): PEPE led the meme coin rally, surging over 150% in three days, reaching up to 80% of its all-time high. Explosive momentum hit meme coins across centralized exchanges and on-chain platforms, with established meme leaders Dogecoin and Shiba showing significant breakout volume.
NodeMonkes (NFT): Oradinals NFT "Node Monkeys" have become the most expensive NFT on Oradinals, with a floor price of 0.4 BTC and a single-day trading volume of $2.6 million.
Milady Maker (NFT): The well-known NFT project Milady has seen a recent price rebound. Milady is a community-driven NFT project with diverse characteristics and strong alpha appeal, consistently drawing attention from the crypto community.
Blast (Dapp): The Blast mainnet has launched, with the chain’s TVL already exceeding $2.2 billion. According to AEVO market data, BLAST futures are currently priced at $6.35. Staked assets can now be migrated to the Blast mainnet. However, migration costs remain high due to market热度 and rising Ethereum mainnet gas fees.
Magic Eden (Dapp): Magic Eden’s Ethereum marketplace, developed in partnership with Yuga Labs, has officially launched. A co-founder of Yuga Labs stated: To celebrate the launch of Magic Eden’s Ethereum marketplace, they will run a 69-day reduced royalty campaign.
Orbiter Finance (Dapp): Cross-chain bridge project Orbiter Finance announced on X that it will launch a native token this year to reward its loyal community, gradually disclosing the tokenomics and distribution plan to ensure fairness. The O-Points program will play a crucial role in determining airdrop rules.
3. Hot Searches
The hottest topics this week (02.26-03.01) include:
PORTAL (Token): A cross-chain gaming platform enabling players to seamlessly access Web3 game networks and play across all chains without bridging, swapping, or purchasing additional tokens. After Binance Launchpool, it officially listed yesterday, with a current market cap of $240 million and 24-hour trading volume of $570 million.
Babylon (Dapp): Binance Labs announced an investment in Bitcoin staking protocol Babylon to support the development of Bitcoin staking. Recently, Babylon launched a testnet based on BTC Signet, featuring Bitcoin staking and supporting common PoS functionalities. The Babylon PoS chain is the first PoS chain it protects. The project has drawn significant attention, and users may want to watch for potential airdrops.
Taiko (Dapp): A decentralized Ethereum-equivalent ZK-EVM and general-purpose ZK-Rollup allowing dApps to easily deploy on L2 while inheriting Ethereum’s security. It has raised $22 million in funding, backed by Sequoia China, Generative Ventures, GSR, and others. The market has strong airdrop expectations for Taiko.
Arweave (Dapp): Arweave recently launched the public testnet Arweave AO, designed as a computing layer for social media and AI. AO is a hyper-parallel computer that achieves high parallelism and scalability through three distinct subnetworks built atop the Arweave base layer. The testnet launch reignited speculation around AR tokens, driving prices up over 100% in three days.
Bitget Research focuses on "focusing on on-chain data and uncovering valuable assets," mining forward-looking investment opportunities by monitoring real-time on-chain data and regional search trends. To date, Bitget Research has provided early value assets in multiple popular sectors—including the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem—to Bitget’s global users, creating superior wealth effects through data-driven in-depth research.
[Disclaimer] The market involves risks; investing requires caution. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions expressed herein suit their specific circumstances. Investment decisions made based on this information are at the user’s own risk.
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