Bitget Wallet Weekly Report|2.Apr- 7.Apr

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About this week

The market has someone calmed down following the frenzy of Arbitrum and zkEVM's launch in the first week of April.
However, in addition to LSDFi's continued efforts this week, Real-World Assets (RWA) have been gaining increasing attention in the market. Bitget Wallet (Previously BitKeep) introduced THEO as the leading RWA project this week, with a recent increase of up to 265.35%. Additionally, meme! Doge has become the new Twitter mascot. As the Ethereum Shanghai upgrade approaches, the market has high expectations for LSDFi's track and is still worth paying attention to.

In the past week, a total of 16 new projects were added to our online database. The chart below shows the top performing projects in the past week and reflects the overall increase over the last week.

Bitget Wallet Weekly  Report|2.Apr- 7.Apr image 0

The Bitget Wallet (Previously BitKeep) Academy will keep searching for promising projects and daily track and showcase trending projects, providing the most detailed information as soon as possible. All the projects mentioned in this article can be traded on the Bitget Wallet (Previously BitKeep) wallet. Bitget Wallet (Previously BitKeep) will select high-quality assets and NFT projects daily to share with Bitget Wallet (Previously BitKeep)ers, helping everyone easily capture market opportunities while obtaining the latest information.

LSDFi:

Pendle($PENDLE)

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Benefiting from the approaching Shanghai upgrade, PENDLE, as a leading project with strong TVL performance in the LSDFi track, has surpassed a TVL of 50 million. Recently, PENDLE has collaborated with multiple LSD protocol assets such as ankr, Rocket_Pool, and LidoFinance to provide yield trading for almost all LSD protocols.
Users can further increase their earnings and APY by locking $PENDLE as $vePENDLE. There have been multiple large purchases of PENDLE on-chain recently, and the coin's future price trend is still optimistic.

LSDx Finance ($LSDx)

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LSDx is a super liquid protocol for all LSD, effectively occupying a market share of LSD asset liquidity. It adopts a GLP architecture similar to GMX and builds a unified liquidity pool: ETHx, with plans to launch a stablecoin UM.
With a locked volume of 55,000 ETH in 48 hours, an increase of 8,000 followers in two days, tokens on Bitget, the MEXC exchanges, and a just-announced investment by Foresight Ventures, it is clear that the team is well prepared. Please note that the 14 days after the 16th will be the Genesis mining phase, and the rewards will be halved for the first time after 4 days.

Arbitrum:

Reuni Wallet($REUNI)

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$REUNI has now fully integrated StargateFinance. Omnichain is widely regarded as the future of cross-chain, and REUNI is a wallet based on Layerzero, with this project being the only one currently in its ecosystem. Thanks to Layerzero financing, REUNI's price has risen strongly by 80%. With a current low market capitalization, it is susceptible to market speculation.
Next, REUNI will enter its second testing phase: completing wallet connections. It also has plans to list on CEX in a few months. As for the DApp store, users will be able to earn fees from every transaction made using the Reunit wallet.

Lodestar Finance($LODE)

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The TVL of Arbitrum continues to rise, and the DeFi projects on Arb could potentially become the new gold standard for DeFi in the future.
Lodestar Finance is a DeFi lending protocol on Arbitrum, and Lodestar provides a series of Arbitrum native tokens and liquid mortgage derivatives as a market. After being rebuilt and tested for several months, LodestarFinance's TVL has rapidly increased. When the market capitalization of $LODE catches up to $RDNT, we can expect greater anticipation for it!

Other:

DOGE COIN($DOGE)Keyword:meme+BSC

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This week, Elon Musk changed Twitter's logo to a DOGE dog head, and Twitter users will notice the new replacement on their homepage and loading screen. Shortly after the logo change, the price of DOGE tokens soared by nearly 30%, with the value of Dogecoin jumping from $0.079 to $0.0104, its highest value since November 2020.
In the future, more plans to further empower Dogecoin may be announced by Twitter, and the market has high expectations for DOGE. This week, the total market trading volume of Dogecoin reached $3.5 billion, nearly triple the previous day. The skyrocketing price of Dogecoin also means that the next 100x coin could very well be a meme coin.

Injective Protocol ($INJ) Keyword:BNB+ETH+DEX

Bitget Wallet Weekly  Report|2.Apr- 7.Apr image 6

Injective recently launched liquidity staking for its native token INJ, allowing users to earn staking rewards and also earn DeFi returns through activities such as lending and trading, thus increasing the overall utility of INJ. Additionally, Injective will also be airdropping an exclusive token called Stride (STRD) to users.
Liquid staking is a fundamental building block for financial applications in Web3, and the launch of INJ marks a new chapter for the Injective community, taking the application of INJ to new heights. This week, Injective also introduced Cascade, a Solana SVM-compatible Rollup, allowing Solana developers to quickly deploy Solana contracts and DApps on Injective.

CORAI ( $CORAI ) Keyword:BSC+AI

NeoCortexAI is in the early stages of a wave, committed to contributing to the transformative power of AI and blockchain. NeoCortexAI aims to make a significant impact on the world of blockchain with AI by incubating and accelerating AI projects and connecting Web2 AI to Web3 AI.
$CORAI has a strong community and recently launched a staking feature where users can earn the maximum rewards by holding $CORAI tokens with a high APY. The community is highly active, and $CORAI is currently listed on PancakeSwap, Binance, and Coinbase.

Conclusion:

The LSD track is rapidly developing: as of early April, the amount of ETH liquid staked was as high as 730,000 ETH, compared to 330,000 ETH in early April 2022. With this rapid growth, a new industry is developing around LSD, reshaping the field. Cross-chain tracks are also an important focus to watch, as more and more projects hope to incorporate Omnichain functionality into their application scenarios. Bitget Wallet (Previously BitKeep) will also share the latest information with all Bitget Wallet (Previously BitKeep)ers as more market hotspots emerge.

Join Bitget Wallet (Previously BitKeep) English Official Telegram Group for more information: https://t.me/Bitkeep_New

Risk warning: Digital currency is a high-risk investment method. Investors are advised to purchase cautiously and pay attention to investment risks. Bitget Wallet (Previously BitKeep) will select high-quality currencies, but does not undertake guarantee, compensation and other responsibilities for investment behavior. Digital asset contract trading is an innovative product with high risks and strong professionalism. Please judge your investment ability rationally and make investment decisions prudently.

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