BlockBeats News, May 8th. Recently, on the Ethereum mainnet, the Uniswap v4 hook concept coins have emerged one after another. Yesterday, Sato took over uPEG liquidity, and after a short-lived market cap breakthrough of $30 million, it quickly fell back. Today, Sat1 stood out, achieving a swift $10 million market cap with an improved version of the Sato mechanism.

According to GMGN market data, as of the time of writing, the market cap of uPEG is $8.9 million, with a 24-hour trading volume of $4.3 million, and its peak market cap was $34.44 million.

The market cap of Sato is $14.75 million, with a 24-hour trading volume of $17.6 million, and a peak market cap of $37.56 million.

The market cap of Sat1 is $8.4 million, with a 24-hour trading volume of $2.2 million.

BlockBeats believes that the rapid rotation of uPEG, Sato, and Sat1 has prevented the market from forming synergy, making it difficult for the project's market cap to grow. At the same time, the performance and gas fees of the Ethereum mainnet have also limited user participation.