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VIPBitget VIP Weekly Research InsightsOver the past year, the performance of ETH and its ecosystem has been underwhelming, with the ETH/BTC ratio down by 30% year-to-date. However, it's important to note that BTC has faced a monthly-level correction after hitting resistance at $100,000, while Solana's DEX volumes have seen a significant decline. These shifts suggest that capital is starting to flow back into the ETH ecosystem, with whales quietly accumulating assets over the past year. Several promising projects within the ETH ecosystem and on EVM chains are worth highlighting.
VIPBitget VIP Weekly Research InsightsAs the regulatory landscape for DeFi and cryptocurrencies in the United States becomes clearer, top-performing DeFi projects with strong profitability are poised to give their tokens genuine value. This could involve using a portion of their profits for token buybacks or directly distributing profits to token holders. If these proposals are implemented, the valuations of these DeFi projects could experience significant upward adjustments. Early market interest has already emerged, making these projects worth investors' attention.
VIPBitget VIP Weekly Research InsightsLast week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.
- 08:24Sui now supports USDC cross-chainAccording to official news, the Sui Network has launched the Cross-Chain Transmission Protocol (CCTP) and supports USDC cross-chain, increasing USDC liquidity and user experience of the Sui Network. Users can carry out 1:1 cross-chain transactions with USDC across nine chains.
- 08:17Data: Blur transferred approximately 11.06 million USD worth of BLUR unlocked this month to Coinbase Prime 20 minutes agoBlur transferred 34.41 million BLUR tokens unlocked this month (worth about 11.06 million USD) to Coinbase Prime 20 minutes ago. Since the unlocking cycle began on June 15, 2023, a total of 31.6% (949 million) of the total amount of BLUR has been unlocked and flowed into Coinbase Prime, valued at approximately $323.1 million based on the price at the time of transfer.
- 08:15Data: The ETH long position at a certain address has been liquidated, with a loss of about 3.02 million US dollarsAccording to PeckShield monitoring, the ETH long position of the address starting with 0x746 has been liquidated, resulting in a loss of 782.48 WETH, equivalent to about 3.02 million US dollars.
