Latest market trends this week
According to the latest data, several token projects including XA1, IMX, and SAPT are about to usher in a one-time large-scale unlocking, with a total value of more than 170 million US dollars. This news undoubtedly adds new variables to the market.
On the technical level, the UniSat project announced that its expansion plan Fractal swap is scheduled to be officially launched in September, accompanied by a set of innovative incentive mechanisms. This initiative aims to further promote the development of the DeFi field by improving transaction efficiency and reducing fees, and bring users a more convenient and efficient trading experience.
In terms of project performance, SOL achieved remarkable results in the second quarter. Coin98's report pointed out that Solana's revenue increased by an astonishing 42 times year-on-year, and SOL's transaction volume also increased by nearly 7 times year-on-year. This strong growth momentum not only reflects the high performance and scalability of the Solana network.
The NFT market also continued to remain active, with NFT transaction volume increasing by 8.1% month-on-month to US$109 million in the past 7 days. This data shows that despite the market's multiple fluctuations and adjustments, NFT, as an emerging carrier of digital art and collectibles, still attracts a large number of investors and collectors with its uniqueness and scarcity.
As one of the leaders in the field of stablecoins, Tether is actively developing decentralized artificial intelligence models to enhance its security and transparency. Messari's CEO recently said that it would suspend all formal and informal contacts with the SEC until the agency reforms and replaces its leadership. This reflects the industry's dissatisfaction and expectations for the current regulatory environment.
The German government's actions in the field of cryptocurrency are also worth paying attention to. Since June 19, the German government has transferred 13,466 BTC, but still holds 39,826 BTC. This move may mean that the German government is gradually adjusting its cryptocurrency strategy.
The market has experienced a sharp drop, and the cottage generally pulled back. Next, I will prepare some currencies suitable for bottom-fishing and put them in my "Return to Capital Plan". If you get lost, come to the intermediary to find the way. Welcome to follow.
