Market Trends and Hot Project Analysis

1. Market Highlights

1. Market行情

(1) Macroeconomic Environment

A research director believes that the likelihood of a Solana ETF being listed in the U.S. in 2025 is underestimated. He pointed out that an application for a spot Solana ETF will be submitted to regulators in June 2024. Prediction platforms show that the probability of the Solana ETF being approved has risen to 86%. This reflects the industry’s expectation for more cryptocurrency asset ETFs to be listed, especially in the context of certain political figures supporting cryptocurrencies. For the Solana ETF to be successfully listed, it needs to adopt a structure similar to that of Bitcoin and Ethereum ETFs and avoid being classified as a security.

(2) Web3 field

A researcher released a prediction for the cryptocurrency market in 2025. He pointed out that as the MEV supply chain matures, competition among exchanges and validators will intensify, but the front end will remain monopolized. The total market value of the DePIN market is expected to grow fivefold, while the application of cryptocurrency payments in proxy trading is limited. The role of stablecoins will shift from being a lubricant for DeFi to a true medium of exchange, with active addresses expected to exceed 50 million. The boundaries between wallets and applications will blur, and the importance of generic L2 in chain abstraction applications will diminish.

2. Hot Events

(1) Macroeconomic Environment

A certain technology entrepreneur discussed the issue of cryptocurrency trading taxes on a social platform. He mentioned a client who purchased a certain token for $7,000 and staked it for 3 months, gaining up to 6900% returns. However, the client encountered developer exit when selling and investing in another project, successfully liquidating only 10% of the funds. This statement sparked market reactions, with the relevant token surging 124% in a short period. The token project aims to reform the adult content industry and was launched in April 2021.

(2) Web3 field

A certain Ethereum charity fund recently completed its largest transaction in history, selling 3,690 ETH and generating $12.47 million in revenue. This is the first sale by the fund in 10 months, with the funds coming from early investors in the 2015 Ethereum ICO. The investor has sold a total of 14,990 ETH at an average price of $2,409, of which 13,190 ETH were sold through the fund. Currently, the investor still holds 85,000 ETH, with a market value of approximately $293.8 million.

3. Hot Topics Narrative

With the rise of a certain AI agent on social platforms, reaching a market value of 600 million USD within months, an analysis of its core competitiveness has been triggered. At the same time, a certain DAO and its tokens have also gained attention as a provider of data aggregation infrastructure. With the increasing demand from human and AI users, the value of data aggregation has significantly increased. The success of the former stems from its unique model and data scraping capabilities, while the latter supports AI agents through aggregated data sources. Although the market value of the certain DAO is only 32 million USD, it has great potential against the backdrop of the development of the AI agent economy. With the introduction of new features and incentive mechanisms, the value of its tokens is expected to rise.

2. Hot Projects

1. Project Introduction

A certain AI project is an open-source AI agent and machine learning model platform that integrates a certain blockchain and vector database, supporting CI/CD with Kubernetes and Docker. Users can efficiently develop and deploy applications, optimizing the software development process. The project was initiated by a well-known developer, with a market value that once surpassed 70 million USD, reaching an all-time high, with a 24-hour increase of 208%.

3. Sector Rotation

1. Hot Topics

2. Internal of the sector