The current market funds are shifting from underlying Layer 1 public chains to more practical, story-driven niche sectors. Overall, this is not a broad-based rally, but a rotation around clear catalysts.

· AI infrastructure: TAO (Bittensor) is trading at $290-300, up 4-5% over the past 24 hours, and over 10% in 7 days, combining decentralized machine learning with incentives; ICP has also seen funds flow back in.
· Privacy coins: ZEC (Zcash) surged by more than 28% in a single day to $270, benefiting from the renewed privacy narrative, the pragmatic zk-proofs solution, support from Grayscale, and an increase in on-chain activity.
· Meme coins: DOGE is making steady progress; WIF is up about 24%; PENGU is active in May, leveraging IP and community involvement. Volatility is high, but rotation funds are always drawn in.
· Prediction markets: Hyperliquid’s HIP-4 launched on the mainnet on May 4, enabling permissionless prediction markets with zero fees and fully on-chain execution. Staking 1 million HYPE is enough to create a market. On the first day, 6.05 million contracts were traded, capturing a 0.7% share, directly challenging Polymarket, with the HYPE token rising in tandem.

Overall, AI and prediction markets lean toward longer-term logic, while privacy and meme coins are driven more by sentiment. Market sentiment is more positive than last week, but the pace of rotation is fast—so be mindful of risks.
#Gate广场五月交易分享