ETH disappointing but on-chain Meme active? A review of this week's popular projects
What wealth codes have appeared on the mainnet this week?Author: Deep Tide TechFlow
Introduction: Dude, are you making money again?
The market is dull, and with the Ethereum Foundation repeatedly selling off ETH, the price of the altcoin ETH is naturally hard to look at. From the price to the foundation to the founders, ETH has been criticized from all angles.
Although it has been fully FUDed, in recent days, the Ethereum mainnet has seen a continuous stream of hot topics, with tenfold and hundredfold gains appearing in rotation. Some hot tokens not only did not fade away quickly but seemed to have a bit of staying power. Even the once sluggish Gwei has been lifted by this wave of on-chain activity.
Perhaps the market is tired of the extreme PVP on Solana, BSC, and Tron, or maybe the conspiracy group has shifted their focus and entered the mainnet layout early. In any case, in the crypto space, unusual occurrences are always worth paying close attention to.
After all, ETH being FUDed has nothing to do with my on-chain activity, right? Since the gains won't lie, let's quickly review what wealth codes have appeared on the mainnet this week.
$VISTA and Its Little Brothers
Ethervista
Ethervista is a new DEX based on Ethereum, attempting to solve current issues in AMM such as high gas fees, unstable LP yields, and token rug risks.
Compared to Uniswap's use of trading tokens for fees, Ethervista uses native ETH for payments, while also providing fee dividends to LP providers and token creators, with plans to expand into more DeFi services in the future.
Overall, Ethervista's biggest selling point right now should be "Uniswap that can give users dividends."
Although the improved mechanism is relatively simple and not particularly noteworthy, the token $VISTA has indeed surged, and retail investors are genuinely willing to buy in:
On the day of its launch on September 1, $VISTA became popular in the Chinese community, but after reaching a market cap of $2.8 million, it fell back until September 2 when Twitter user jingtao (@muzzyvermillion) called for a buy, causing $VISTA to skyrocket, peaking at around a $40 million market cap, with an increase of nearly 70x from the price low on September 1.
The WINDOWS IP Concept Brought by $VISTA
However, when a hot topic emerges, those who missed the boat start looking for alternative secondary targets. Due to Ethervista's UI design adopting a nostalgic Windows style similar to CurveFinance, FOMO quickly spread to IP Memecoins like $CLIPPY and $BONZI, which are being hyped as leveraged versions of $VISTA.
$VISTADOG
This can be considered the first meme to ride the wave after $VISTA's surge, moving quickly and initially finding market acceptance. However, the narrative is vague, and it seems no one is willing to take the lead, so its price has plummeted, which is quite normal.
The $Neiro Case Sensitivity Battle
The "Neiro case sensitivity battle" that began in July has yet to determine a winner; today, lowercase $Neiro suddenly surged, while tomorrow, uppercase $NEIRO might rise again.
From the discussions on Twitter, it appears that lowercase $Neiro leans towards community involvement, with strong consensus and rhythmic price movements…
Uppercase $NEIRO lacks community power, is highly controlled, and seems to be manipulated by a conspiracy group, with clear signs of artificial price manipulation.
This week, the case sensitivity battle continues, first with lowercase $Neiro doubling in price, followed by uppercase $NEIRO, which has been on a downward trend for several days, now surging fourfold and has already launched on OKX contracts.
The Image Coin Protocol Etheism
Etheism follows an image coin protocol route, similar to the popular Pandora protocol earlier this year. The total supply of token $E is 1,000, and after its launch, the price skyrocketed, currently reaching a market cap of $4.2 million.
The image coin protocol itself isn't a completely new narrative, but the trading volume and price of $E remain robust, and the project's small images have yet to be revealed.
Various ETH Pumps
Recently, the trend of pump applications has spread across the entire chain, with both large and small chains treating pump applications as traffic codes. This week, the ETH mainnet also saw two popular pump platforms launch tokens.
Print.Fun (Close to Zero)
Just as VISTA was gaining popularity, Print.Fun's token immediately appeared to ride the wave. The token $PRINT had a good performance on its launch day, generating significant FOMO on Twitter, but later it lacked momentum and has now nearly gone to zero…
Like Print.Fun, the name makes it clear what this project is about. Although Chef.Fun is very straightforward in its imitation and the platform itself has limited innovation, the token $CHEF has not dropped to zero like $PRINT; instead, it has risen, currently with a market cap of $3.5 million and a daily trading volume of around $780,000.
An emerging ETH mainnet pump platform, TaxFarming has launched its token without the joint curve mechanism, directly launching on Uniswap while avoiding malicious settings like PiXiu and intelligently reducing transaction taxes based on trading fees.
The official first tweet bluntly stated: The pool is on fire, feel free to dive in.
The token $FARM surged nearly 160 times within half a day of its launch, reaching a market cap of around $10 million at its peak. After the FOMO, the price has dropped sharply, currently with a market cap of about $2.5 million.
