Bitget Research: Slerf will begin sending refunds, Bitcoin spot ETFs see net outflows for four consecutive days
TechFlow Selected TechFlow Selected
Bitget Research: Slerf will begin sending refunds, Bitcoin spot ETFs see net outflows for four consecutive days
Over the past 24 hours, several new trending cryptocurrencies and topics have emerged in the market, which could very likely represent the next wealth-building opportunities.
Navigating Web3 tides with focused insightsAuthor: Bitget Research
Summary
Over the past 24 hours, Bitcoin spot ETFs continued their previous trend of net outflows. Combined with the unexpected interest rate cut by the Swiss Central Bank, which strengthened the US dollar, Bitcoin experienced a slight pullback.
-
High-wealth-generation sectors: Fantom ecosystem, RWA sector;
-
User trending tokens & topics: Memecoins represented by Polymesh, FLOKI, PEPE, DOGE; RWA Crypto;
-
Potential airdrop opportunities: MetaCene, Notcoin;
Data collection time: March 22, 2024, 4:00 (UTC+0)
I. Market Environment
The Swiss Central Bank unexpectedly cut interest rates by 25 basis points, causing the US dollar to strengthen further. This move partially offset the positive impact from Federal Reserve Chair Jerome Powell’s dovish remarks on Wednesday, putting pressure on dollar-denominated assets and leading to a modest correction in Bitcoin. Grayscale's Bitcoin spot ETF continued its prior trend, recording an outflow of $358 million yesterday. According to data currently published by farside investors, Bitcoin spot ETFs saw a net outflow of $327 million, excluding inflows from IBIT which have not yet been disclosed.
Recent funding rounds show increasing investment sizes. Yesterday, Web3 infrastructure company Succinct raised $55 million, while Web3 privacy system Espresso announced a $28 million Series B round. Both market valuations and funding amounts are showing significant increases.
II. Wealth-Generating Sectors
1) Sector Movement: Fantom Ecosystem (FTM, BOO, ICE)
Main reason: In October last year, the Fantom Foundation announced its latest technical upgrade, Fantom Sonic, with the mainnet scheduled for launch in spring 2024—now imminent. Amid broader market declines and corrections in Bitcoin and Ethereum, Fantom stood out, gaining 7.19% over the past 24 hours.
Price performance: FTM rose approximately 7.19% in 24 hours, BOO increased by about 5.83%, and ICE surged around 13.12%;
Factors influencing future trends:
-
Fantom Sonic upgrade effectiveness: Fantom Opera features new clients, validator nodes, virtual machine (FVM), Carmen database, and an optimized Lachesis consensus mechanism, significantly boosting execution efficiency. Its key selling point is offering faster speed and superior performance compared to existing EVMs. If performance matches claims, it could challenge parallel-EVM narratives and allow Fantom to achieve higher valuation as a competitive alternative.
-
Valuation recovery of Fantom-based projects: Due to prolonged lack of attention and absence of an official cross-chain bridge, liquidity and trading volume on the Fantom chain have severely declined. Native projects on Fantom have seen continuous devaluation. With renewed interest and rising token prices, these projects are beginning to recover in value. However, valuations remain relatively low, making them worth monitoring and potentially positioning early.
2) Sector Movement: RWA Sector (POLYX, MAKER)
Main reason: BlackRock launched its first tokenized fund on a public blockchain this Wednesday—the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). After depositing 100 million USDC into its on-chain wallet, the fund received $53,000 worth of crypto assets. This marks a symbolic step by BlackRock in bringing traditional assets onto blockchains.
Price performance: POLYX rose approximately 6.36% in 24 hours, MAKER surged about 10.22%;
Factors influencing future trends:
-
MakerDAO ecosystem development: MakerDAO founder Rune Christensen announced on the governance forum that the first phase of the "Endgame" plan will kick off in summer 2024, including a new token, SubDAOs, tokenomics, rebranding, and new user acquisition channels. As each SubDAO will issue its own token and contribute back to the broader MakerDAO economy—especially Spark, an RWA project set to begin airdrops in Q2—this will further boost momentum in the RWA sector.
-
Informational catalysts: According to PR Newswire, vertical farming technology and infrastructure company Nature’s Miracle Holding Inc (Nasdaq Global Market: NMHI; Nasdaq Capital Market: NMHIW) has entered a strategic partnership with CycleX, an innovative RWA platform. Going forward, developments involving traditional institutions should be closely watched, as their acceptance of new RWA collaboration models will be a key indicator for the sector’s growth potential.
3) Sector to Watch: Aptos Ecosystem (THL, DOODOO)
Main reason: Since the start of 2024, on-chain data for Aptos has grown rapidly. Total Value Locked (TVL) has tripled since the beginning of the year, reaching $400 million—an all-time high. Daily interactions have increased by 65%, and active users by 93%. Aptos remains one of the few Layer 1 new public chains yet to recover its 2023 peak price, and with limited ecosystem incentives launched so far, there remains substantial room for growth.
Specific token list:
-
THL: Thala is a DeFi infrastructure project combining over-collateralized stablecoins, swap functionality, launchpad, and RWA components. It meets most common user needs in DeFi. On March 14, Thala announced a reduction of THL emissions by 50% in all future epochs to ensure long-term sustainability. Currently experiencing strong growth in both volume and price, THL has risen 194.4% in one month.
-
DOODOO: The first meme token on Aptos and currently the most traded meme token. It has seen rapid price appreciation, rising 281.14% in just one month. With a current market cap of only $73.36 million, as the leading meme token on a major blockchain, it still holds significant upside potential.
III. User Trending Topics
1) Popular Dapp
Espresso Systems (has not issued a token yet)
Espresso is an EVM-compatible blockchain focused on scaling and privacy solutions, providing Web3 applications with more resource-efficient transaction processing. It recently announced a $28 million Series B round led by a16z crypto, aimed at product development, expanding investments in the rollup ecosystem, and team growth. Previously, it raised $32 million in a Series A round led by Greylock Partners and Electric Capital. The project draws attention due to its technological innovation and privacy features. Users can participate through asset holding or transfers, and customized privacy-focused smart contract applications. Backed by top-tier investors and a strong founding team, it stands out in the space.
2) Twitter
Polymesh (POLYX):
Polymesh is a regulated, institution-grade permissioned blockchain designed for managing compliant digital assets. It offers functionalities addressing governance, identity, compliance, confidentiality, and settlement. Currently supported by 42 operator nodes and used by 4,000 enterprise accounts—including Binance as a node operator—it ranks among the most prominent Layer 1 projects in the RWA sector. With a market cap now exceeding $430 million and a gain of over 50% in the past seven days, its rise is largely driven by news surrounding BlackRock’s upcoming tokenized fund launch.
3) Google Search & Regions
Globally:
(1) Five entries in the global trending search list are directly related to the current hot sector—RWA:
Main reason: Recently, BlackRock filed documents with the U.S. SEC to launch the BlackRock USD Institutional Digital Liquidity Fund in partnership with Securitize, a U.S.-based asset tokenization firm. This marks the imminent debut of BlackRock’s first tokenized asset fund, creating sustained tailwinds for RWA projects. TVL in the RWA sector is expected to continue growing.
Specific projects: Driven by this news, leading projects within the ecosystem are poised to benefit. Key ones to watch include RSR, POLYX, CFG, ONDO—top players in the RWA space. Within the past 24 hours, Reserve Rights (RSR) has gained over 40%, while POLYX and CFG also performed strongly, indicating robust community trading interest and sustained sector popularity.
By regional trends:
(1) The term 'RWA Crypto' appears frequently in Europe and CIS regions, with various projects and KOLs discussing its outlook:
On March 21, CoinGecko released its 2024 RWA report, stating that tokenized treasury products grew 641% last year. The total value locked in tokenized treasuries surged from $114 million in January 2023 to $845 million by year-end. Asset management giants like BlackRock are accelerating the tokenization of real-world assets, and European financial institutions are rapidly expanding their presence. Promising projects in this sector hold immense future potential—recommended for ongoing monitoring.
(2) Memecoins represented by FLOKI, PEPE, and DOGE appeared in multiple countries’ trending searches across different regions:
The market rebounded strongly yesterday, with memecoins broadly rallying. DOGE rose over 15% in 24 hours, PEPE gained more than 21%, and FLOKI surged over 31%. These tokens showed particularly strong momentum and swift rebounds. Currently, leading memecoin projects are receiving heightened attention and endorsements from KOLs across various regions.
IV. Potential Airdrop Opportunities
[MetaCene]: Strong institutional backing
MetaCene is a blockchain game developer creating a blockchain-based game. Through innovative PVE and PVP gameplay, robust technical infrastructure, social guild DAO governance, sustainable economic systems, and in-game editors, MetaCene pioneers player-centric entertainment, governance, and creation, demonstrating strong future potential.
In 2023, MetaCene secured a $5 million seed round led by Hash Global and SevenX Ventures. More recently, it announced a $10 million Series A private placement led by Folius Ventures and SevenX Ventures. The team consists of gaming experts with over 20 years of experience from companies such as Shanda Games, Blizzard, and Perfect World. With strong investor and team credentials, the project currently offers airdrop and game mining opportunities.
How to participate: Install the Chrome extension – Complete tasks on the Quest page to earn gems, unlock pets and rewards – Upgrade and defeat bosses (refreshes daily at 7 AM) – Enter lotteries on the Campaign page; receive coins based on boss-fighting stats, with 100 coins required per lottery draw.
[Notcoin]: Hot project in the TON ecosystem
Notcoin is a mobile mining game built on the Telegram ecosystem where users earn in-game coins by tapping on a coin icon. Steve Yun, president of the TON Foundation, listed it alongside TON-20 inscriptions as one of the two major trends on TON. According to official TON sources, Notcoin has swept across the TON ecosystem within a month of launch, attracting over 470,000 players.
The project plans to launch token minting on TON in the coming weeks, distributing tokens proportionally based on players’ in-game scores. Additionally, on March 7, to help the community understand the token’s potential value, Notcoin opened pre-market trading for a type of NFT voucher that can later be exchanged for NOT tokens.
How to participate: Join the Notcoin bot on Telegram – Tap repeatedly on the Notcoin icon to mine. Each tap earns 1 Notcoin until reaching the cap of 1,000. After some time, the balance recovers, allowing further mining – Eventually register and set up a TON Space wallet to redeem and claim your Notcoins.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
