Bitget Research: ETH chain GAS drops to 2gwei, EIGEN airdrop claim now open
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Bitget Research: ETH chain GAS drops to 2gwei, EIGEN airdrop claim now open
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
The market showed clear risk-averse sentiment ahead of the U.S. CPI data release on May 15, with BTC price rapidly declining and then consolidating over the weekend. ETH network gas fees dropped to a low of 2gwei, indicating weak on-chain activity and lack of market momentum.
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Key sectors to watch: AI sector, TON ecosystem
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User trending tokens & topics: Kaito, NOT, TON
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Potential airdrop opportunities: UXLINK, Li.Finance
Data collection time: May 13, 2024, 4:00 (UTC+0)
1. Market Environment
The cryptocurrency market fluctuated over the weekend as investors awaited the U.S. CPI data scheduled for May 15, reflecting evident risk-off behavior and limited market catalysts. The ETH/BTC ratio fell to 0.047, while ETH network gas fees dropped to a low of 2gwei. Over the past two years, previous three troughs in ETH gas fees coincided with bottoming periods for ETH’s price.
Token airdrops and TGEs from prominent projects remain focal points: Since EigenLayer opened its EIGEN token airdrop claim, over 130,000 addresses have participated, with numbers still rising rapidly. Airdrop announcements from BounceBit, io.net, Notcoin, and LayerZero have also attracted significant attention.
2. Wealth-Creating Sectors
1) Key Sector to Watch: AI
Main reasons:
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The AI and decentralized computing sectors have strong consensus this cycle, showing robust gains and smaller drawdowns compared to other sectors, indicating solid support. While the AI sector has seen some pullback today, it may present favorable entry opportunities.
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Market rumors suggest Apple is close to finalizing a deal with OpenAI to integrate ChatGPT into iPhones. Additionally, Apple’s Worldwide Developers Conference begins on June 10, where plans to upgrade Siri with AI technology could be announced.
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ChatGPT-5 could be officially launched as early as June.
Recommended projects: TAO, RNDR, AR, ARKM, WLD, FET, AGIX
2) Key Sector to Watch: TON Ecosystem
Main reasons:
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Pantera's investment in TON may exceed $250 million, marking Pantera’s largest-ever investment in a cryptocurrency project.
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Notcoin, a high-traffic project within the TON ecosystem, has been listed on Binance. Although TON itself is not yet listed on Binance, the market widely expects it to be only a matter of time.
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The TON ecosystem is still in its early infrastructure stage, but already hosts high-traffic applications like Notcoin and Catizen, demonstrating the massive user base inherited from Telegram.
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Stablecoin issuance has boosted capital activity—TON’s USDT supply reached $130 million within two weeks, making TON the eighth-largest blockchain by USDT issuance volume.
Recommended projects: TON, FISH, UP
3. User Trends
1) Popular DApps
EigenLayer:
EigenLayer is an innovative protocol described as "recursively composable," enhancing blockchain networks by reusing base-layer security (e.g., Ethereum). This approach leverages established security from underlying blockchains to enable improved computation and scalability without compromising trust or reliability.
Recently, EigenLayer opened its airdrop claims. Users who previously participated in restaking can now claim EIGEN tokens. However, EIGEN tokens are currently non-transferable. Holders can stake their EIGEN tokens in AVS services to contribute to ecosystem development.
2) Twitter
Kaito:
Kaito AI aims to build an AI-powered search engine for the crypto industry, aggregating fragmented information across the space. Kaito has established one of the most comprehensive databases in the crypto domain. By combining this database with proprietary AI technology and advanced language models such as ChatGPT/GPT-3, Kaito seeks to deliver a superior search experience compared to existing alternatives.
Kaito AI recently announced a $5.3 million funding round led by Dragonfly Capital, with participation from Sequoia China, Jane Street, AlphaLab Capital, and others.
Kaito AI has demonstrated agility in tracking crypto industry trends, gaining traction within the crypto community and serving as a valuable resource for staying updated. As the project has not yet launched a token, users are encouraged to actively engage.
3) Google Search & Regional Trends
Global Overview:
Notcoin (NOT): Notcoin is a Telegram-based game where users earn in-game tokens by tapping on coin images—a concept similar to "Tap to Earn." Prior to TGE, users hold vouchers representing Notcoin, which can later be exchanged for $NOT. The project operates a pre-marketplace at https://getgems.io/notcoin, where data shows over 640,000 users currently hold pre-TGE NOT tokens. It has been confirmed for listing on Binance Launchpool and OKX.
Regional Search Trends:
(1) In Asian regions, recent search interest centers around current hot themes: AI, SocialFi, and MEME
Recent trending tokens include OLAS and FET in the AI space; Farcaster, Degen, and Pump.fun in SocialFi; and Shiba Inu and Floki in the MEME category.
(2) Africa, CIS, and English-speaking regions show no distinct trends
Search interest in these regions remains scattered, with BTC, ETH, and Solana frequently appearing in top searches. Some users follow AI and Meme narratives, reflecting overall thematic fragmentation in the market.
4. Potential Airdrop Opportunities
UXLINK
UXLINK is a pioneering Web3 social system designed for mass adoption, enabling users to build social assets and trade cryptocurrencies. It offers a suite of highly modular DApps—from onboarding and profile creation to group tools and social trading—all seamlessly integrated within Telegram.
UXLINK recently announced a $15 million funding round co-led by SevenX Ventures, Ince Capital, and HashKey Capital.
How to participate: UXLINK has issued a series of NFTs titled “IN UXLINK WE TRUST” as airdrop eligibility tokens. Based on users’ community contributions, on-chain interactions, and asset holdings, NFTs are categorized into four tiers—“MOON,” “TRUST,” “FRENS,” and “LINK”—each offering different benefits and varying amounts of UXLINK token airdrops.
Li.Finance
Jumper Exchange is a multi-chain liquidity aggregator supporting cross-chain swaps and gas fee payments across most major blockchains, powered by LI.FI technology.
Its developer, LI.FI, has raised $17.5 million in Series A funding led by CoinFund and Superscrypt.
How to participate: Complete multiple cross-chain transactions on Jumper Exchange. Specific criteria such as transaction amounts, frequency, and active duration can be referenced against past airdrop standards from other DEXs.
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