RootData's first quarter project hot search rankings show a correlation with the secondary market trends of the projects

ChainCatcher news, the encrypted asset data platform RootData recently released the "2024 Q1 Web3 Industry Investment Research Report," which states that RootData published a total of 12 issues of the Top 20 Trending Projects Weekly Ranking in the first quarter, with a total of 113 projects making the list. Overall, the search volume shows a close correlation with the market, influenced mainly by narratives, project TGE events, market performance, and more.

Among them, public chains and DeFi searches account for the largest proportion of asset types. New asset categories are most likely to attract investor attention, such as Layer 3, modular networks, and re-staking protocols.

Among the 12 projects with existing TGEs, RootData's search popularity shows a correlation with secondary market performance, even reflecting foresight in the secondary market performance of projects like Pyth Network, Manta Network, and Jupiter.