Bitget Research: AAVE Leads the Surge in the DeFi Sector, Mainstream Cryptocurrency Volatility Rises Signaling Potential Market Shift
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Overview
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Sectors with strong wealth creation effect: DeFi (AAVE, UNI), and BGB.
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Top searched tokens and topics: DOGS, Story Protocol, and MATIC.
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Potential airdrop opportunities: Solayer and Symbolic.
1. Market Environment
2. Wealth Creation Sectors
2.1 Sector Movements – DeFi (AAVE and UNI)
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AAVE's protocol metrics continue to grow, surpassing the previous cycle's peak. Its strong profit performance reflects a high degree of product-market fit, yet the token remains undervalued. The market has begun to recognize and adjust its valuation. The Aave Chan Initiative (ACI) has just launched a proposal aimed at reforming AAVE's tokenomics, aiming to enhance its utility by introducing a profit-sharing mechanism. UNI is also exploring a profit-sharing mechanism.
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Protocol metrics: These metrics are crucial in assessing a protocol's activity level, including daily active users, trading volume, and profitability. For instance, AAVE achieving historical highs in these metrics under the current market conditions naturally prompts the market to adjust its market cap valuation accordingly. Conversely, if the protocol metrics do not grow, there is no reason for the market to be optimistic about the protocol's development.
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Profit distribution: An increasing number of DeFi protocols are linking their tokens to protocol revenue, a business model that reactivates token trading enthusiasm. Investors have ample reason to hold the token, so the advancement of the protocol's profit distribution will significantly impact the token price.
2.2 Sectors to Focus on Next — BGB
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Bitget has recently collaborated with the highly popular Telegram Bot project DOGS. Influenced by this collaboration, the Bitget app surged into the top ten in the App Store's Finance category in 11 countries. With steady development and numerous ongoing collaborations, users have more reason to hold BGB in anticipation of further actions by the exchange.
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Launchpad/Launchpool: As an exchange token, one of BGB's important uses is participating in the exchange's Launchpad and Launchpool. Bitget has been actively collaborating with major projects recently, including deep partnerships with popular projects. If projects on Launchpad and Launchpool create significant wealth effects, the demand for BGB will substantially increase, leading to a corresponding rise in its price.
3. Top Searches
3.1 Popular DApps
3.2 X (former Twitter)

3.3 Google Search (Global and Regional)

4. Potential Airdrop Opportunities
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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