Today's market dynamics update:
1. The decline in BTC prices has led to an overall decline in altcoins, with BTC fluctuating around $60,000.
2. The U.S. stock market is also fluctuating, and Federal Reserve officials have expressed hawkish views.
3. NFT trading platform ERN launched an AI-based L2, which has attracted market attention.
4. The price of the new currency MODE fell sharply after it went online. The project is a modular DeFi L2 based on OP, and there are too many L2 projects on the market.
5. The stablecoin ENA was launched on the exchange Bybit as a trading pair and collateral asset.
6. The price of the monster stock TRB rose sharply, attracting some funds to enter the market, but it was also accompanied by the repeated harvesting of leeks by the pile family. Monster stocks are more active in volatile markets.
7. Jupiter's second phase launch project Sanctum is about to start. This is a Solana liquidity pledge project (the leading project JITO has a market share of 50%, and Sanctum is 8%). It will be snapshotted on May 10, and users who have previously stored Sol will have the opportunity to receive airdrop points.
8. The revenue of the Meme launch platform Pump on Solana has exceeded Uniswap, with an annualized revenue of $150 million. Pump provides a one-stop service for Meme release and charges a 1% handling fee.
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