(AI) Altcoin Intelligence: The Forces Behind This Week's Price Moves

👇1-10) Tron rallied +2.15% last 1w as the platform maintains the lead on the most active daily users, standing at 5.6 million - 30% more than BNB Chain in second place. Tron also recorded the highest weekly revenue of $31 million and total transactions surpassed 7.24m, a new annual peak. The Tron developer community has also recently released the GreatVoyage-v4.7.5 Cleobulus version, a mandatory upgrade that increases utility in the ecosystem. Mkt cap $10.2bn.

👇2-10) Uniswap declined -20% last 1w. Uniswap Labs recently announced the acquisition of Crypto: The Game (CTG), an on-chain experience inspired by TV shows like Survivor and Squid Game with added crypto elements. Previously, the second season of the game had sold out in 13 minutes – given its popularity among the community, Uniswap Labs announced the acquirement of the game for development of season 3. Mkt cap $7.3bn.

👇3-10) ChainLink declined -15.2% last 1w. Chainlink has outpaced other networks in Real World Asset (RWA) over the past month with a score of 452 in development activity, compared to a second-place score of 35, highlighting the platform’s focus on innovation. Despite ongoing developments, the number of active addresses are on the decline, down 22% of its peak earlier this year, suggesting diminishing user interest. Mkt cap $8.9bn.

👇4-10) Dogecoin declined -15% last 1w as the memecoin has not been spared from the general market decline – Dogecoin’s market cap also declined to $20.5bn from $23bn in the past 5 days. The downtrend likely comes from tapered investor risk appetite ahead of the FED interest rate decision this Wednesday. Mkt cap $20.2bn.

👇5-10) Solana declined -14% last 1w. Solana is set for a mainnet upgrade which aims to lessen the congestion issues admist high demand due to the memecoin hype. Solana has also been the leading blockchain in monthly token issuance driven by many of the new memecoins launched being Solana-based. Mkt cap $70.3bn.

👇6-10) Shiba Inu declined – 13.6% last 1w. In response to the bearish trend, the coin has exhibited a spike in the token burn rate by ~3000% in the past 24 hours as the community collectively burned 230m SHIB, which could support recovery. So far, ~41% of Shiba Inu’s tokens have already been burned since its launch. With the added anticipated launch of an automated "burn portal" on Shibarium, the token burning process is expected to become more streamlined and simplified, encouraging a further decline in the SHIB supply. Mkt cap $12.9bn.

👇7-10) BNB declined -13.4% last 1w despite having just reached its record high last week at $725. The crash is in line with the wider crypto market downturn as investors embraced a risk-off sentiment in response to recent strong nonfarm payrolls data which potentially pushes back the likelihood of the FED lowering interest rates sooner. In terms of activity, BNB Chain also announced the third chapter of its “Airdrop Alliance Program” which aims to simulate ecosystem growth and will feature more than 8m tokens for its upcoming chapter. Mkt cap $94.1bn.

👇8-10) Polygon declined -13.4% last 1w. Polygon recently created a new Community Grants Program that will unlock $1bn POL over 10 years (100mn POL per year) into the hands of developers to encourage building in the Polygon ecosystem. The program launched on Tuesday with 35 million MATIC tokens, worth $23 million at current prices. Mkt cap $5.8bn.

👇9-10) Aptos declined -12.7% last 1w. Aptos recently announced the integration of ChainLink’s Oracle services through joining the SCALE program. By partnering with ChainLink, Aptos aims to expand the toolkit of resources available to Aptos developers to help them build secure and scalable decentralized applications. Mkt cap $3.5bn.

👇10-10) Polkadot declined -11.4% last 1w. The Accelerate Polkadot Initiative was recently awarded a grant from the Decentralized Futures program with the aim to boost developer productivity by providing comprehensive, goal-oriented guides. Furthermore, the Polkadot ecosystem has also introduced Real World Asset (RWA) functionalities which marks a step towards expanding its utility and potential for mass adoption as it bridges the gap between traditional and digital worlds. Mkt cap $8.8bn.