RootData's Q1 hot search list and secondary market trends of projects show correlation

According to ChainCatcher, the crypto asset data platform RootData recently released the "2024 Q1 Web3 Industry Investment Research Report". The report stated that RootData released 12 issues of the Top20 Project Hot Search Weekly List in the first quarter, and a total of 113 projects were selected for the list. In general, the search volume is closely linked to the market, and the influencing factors mainly include narrative, project TGE events, market performance, etc.

Among them, public chain and DeFi searches are the most common asset types. New asset categories are most likely to attract investors' attention, such as Layer3, modular networks, and re-pledge agreements.

Among the 12 projects that have TGE, RootData search popularity is correlated with the secondary market, and even reflects forward-looking performance in the secondary market performance of projects such as Pyth Network, Manta Network, and Jupiter.