January 22 Market Dynamics

I. Macro Trends

1. Market Trend: BTC is adjusting, and it's expected that the decline of BTC on a weekly level may last for about three months. The market leans towards defense, with anticipated air-drop projects leading the rise.

2. U.S stocks are approaching historical highs, entering the earnings season.

II. Market Hotspots:

1. DeFi's PYTH and PENDLE have surged significantly. PYTH is Solana's oracle with a pledge rate reaching 30%, aiming to capture Solana's ecological air drop rewards. PENDLE pledges Eigenlayer’s air drops, with an annual yield exceeding 20%.

2.New coins MANTA and ONDO have soared recently.MANTA has high staking returns lately.ONDO is in RWA track benefiting from newly added Bn contracts.ONDO has a total market value of $3 billion surpassing MKR’s $2 billion market cap.

3.Infrastructure CTSI has surged.CTSI is a decentralized L2 infrastructure which optimizes Rollup through recent mainnet upgrades.It shares the same track as Altlayer which will be listed on Bn soon,and it becomes shadow stock due to market speculation.

4.Game tracks RON and KARATE COMBAT are rising.RON is game public chain.The upcoming Pixels game air drop on-chain attracts users,and there are rumors that RON will be listed on Bn.Karate Combat is real-life fighting spinach platform,similar to previous hamster races.

5.Inscriptions' Brc420 blue box and music box are rising.Brc420 plans to launch Bitcoin L2,the market anticipates possible air drops.