January 3rd Market Dynamics

I. Macro Trends

1. Market Trend: The market is rising, with ETH series strengthening. Pay attention to the narrative of Cancun upgrade.

2. U.S stocks plummeted, marking the largest drop in three months. The dollar index rebounded.

II. Market Hotspots

1. DeFi's PEPR, GNS, MKR and others surged significantly; L2's ZKF soared by 50%. As the ETH Cancun upgrade approaches, funds are gradually shifting towards speculation on ETH series. MKR rises along with US bond yields.

2. Inscription's ORDI rose to a new high while many inscriptions have entered a bear market with significant losses; Unisat is still forking BRC20, only leading ones perform well.

3.The public chain SUI has risen recently due to rapid growth in TVL and project-side subsidies incentives; trading of SUI’s inscription has begun.

4.All lines of Solana series such as MOBILE, SILLY and ZERO went out completely; SOL series rose first then fell as funds withdrew from SOL series.
   
5.Recently there were quite a few air drops like Cosmos ecosystem’s modular DYMENSION and Solana ecosystem’s Meme coin LFG which gained popularity.