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Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down

Beginner
2023-05-25 | 5m

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious.

PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious.

OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious.

MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token.

RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD.

TinyTap Game Events (Token) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token.

AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract.

BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks.

AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on.

EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity.

Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token.

$MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token.

2.Popular NFTs:

The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders.

3.Popular DApps:

zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe.

Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur.

PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising.

ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved.

SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only.

4.Twitter Hot Topics:

EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU.

OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list.

5.Regional Trending Searches:

KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES.

Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, the Chinese Hong Kong Securities and Futures Commission will hold a press conference at 4:15 PM today regarding the consultation results on the regulatory requirements for virtual asset trading platform operators. Bloomberg anticipates that Hong Kong investors will be able to trade cryptocurrencies such as BTC and ETH under suitable protection measures starting in June.

Main Body

Written by: Bitget Research

Data collection time: May 24, 10:30

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

4) TGE (Token Generation Event)

1.Blockchain Profile — ETH Chain

1.1 User Profile

1.1.1 Core Data

  • Total active users of ETH: 398,402
  • New active users of ETH: 73,718, with a daily increase of 3.03%
  • Existing active users of ETH: 324,684, with a daily increase of 1.40%

1.1.2 New User Profile

  • Core data: There were a total of 73,718 new active users on ETH yesterday, with a daily increase of 3.03%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 0
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 1
  • Key Projects:

zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe.

1.1.3 Existing User Profile

  • Core data: The number of ETH active existing users is 324,684, with a daily increase of 1.40%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 2
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 3
  • Key Projects:

Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur.

1.2 Popular Trading Pairs

1.2.1 Uniswap V2

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 4

FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0xc63a4dd7c0a3f58cc619cf52163c88789c06f1b2

PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x1d4e66b826c8bf8e3c93574386a8dd723b3a912f

SLASHA (Token) — Based on the token contract, it is suspected of being a scam (potential rug pull risk). Users are advised to be cautious of risks. https://www.dextools.io/app/en/ether/pair-explorer/0x5ace990e0176e40e470e2e039fac27f4ba4efeb8

OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x923f4273596c31fa437a03ea7f590374dfa1bedf

1.2.2 Uniswap V3

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 5

MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdb1d1c9a42e3d10717c415bd06853ea7ae818823

RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD. https://www.dextools.io/app/en/ether/pair-explorer/0x6c4c7f46d9d4ef6bc5c9e155f011ad19fc4ef321

2.Blockchain Profile — BSC Chain

2.1 User Profile

2.1.1 Core Data

  • Total active users on BSC: 1,470,816
  • New active users on BSC: 206,187, with a daily decrease of 4.29%
  • Existing active users on BSC: 1,264,629, with a daily decrease of 4.68%

2.1.2 New User Profile

  • Core data: There were a total of 206,187 new active users on BSC yesterday, with a daily decrease of 4.29%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 6
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 7
  • Key Projects:

TinyTap Game Events (Token) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token.

2.1.3 Existing User Profile

  • Core data: The number of BSC active existing users is 1,264,629, with a daily decrease of 4.68%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 8
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 9
  • Key Projects:

PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising.

2.2 Popular Trading Pairs

2.2.1 PancakeSwap V2

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 10

AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract.

BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks. https://www.dextools.io/app/en/bnb/pair-explorer/0x0c3759e4da39fdc083758b62dab2dc8519733017

3.Blockchain Profile — Polygon Chain

3.1 User Profile

3.1.1 Core Data

  • Total active users on Polygon: 447,611
  • New active users on Polygon: 124,969, with a daily increase of 7.67%
  • Existing active users on Polygon: 322,642, with a daily increase of 0.28%

3.1.2 New User Profile

  • Core data: There were a total of 124,969 new active users on Polygon yesterday, with a daily increase of 7.67%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 11
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 12
  • Key Projects:

AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on. https://www.dextools.io/app/en/polygon/pair-explorer/0xc143161ed3ed8049bb63d8da42907c08a10e2269

The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders. https://opensea.io/collection/the-ai-odyssey-3

3.1.3 Existing User Profile

  • Core Data: The number of Polygon active existing users is 322,642, with a daily increase of 0.28%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 13
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 14
  • Key Projects:

ZED RUN (DApp) — A horse racing game that has already launched, with 67,000 followers on Twitter and 231,000 monthly visits according to Similarweb. The majority of visitors are from the United Kingdom (40.33%) and the United States (40.07%). The game is very popular within its community.

3.2 Popular Trading Pairs

3.2.1 Uniswap V3

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 15

EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity.

4.Blockchain Profile — Arbitrum Chain

4.1 User Profile

4.1.1 Core Data

  • Arbitrum Active Users: 234,351
  • Arbitrum New Active Users: 46,620, with a daily increase of 3.89%
  • Arbitrum Existing Active Users: 187,731, with a daily increase of 23.91%

4.1.2 New User Profile

  • Core data: There were a total of 46,620 new active users on Arbitrum yesterday, with a daily increase of 3.89%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 16
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 17
  • Key Projects:

Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community.

4.1.3 Existing User Profile

  • Core data: The number of Arbitrum active existing users is 187,731, with a daily increase of 23.91%
  • Popular Sectors
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 18
  • Popular Projects
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 19
  • Key Projects:

Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x91e13d076acb6baad2df435dd0e10adf1b19c8d6

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 20

AIDOGE (Token) — On May 24, the project announced the permanent burning of 9.8% of the tokens, which had a certain stimulative effect. However, due to the lack of momentum in BTC, AIDOGE’s performance has been average. The current on-chain liquidity of the token is US$2.2 million, with a 24-hour trading volume of only US$560,000. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x6a78e84fa0edad4d99eb90edc041cdbf85925961

$MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xc4cb50b2ad4bebb59d7ebe3cbea9a747725c613c

5.DApp Ecosystem — All Chains

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 21

Stargate (DApp) — Developed by the LayerZero Labs team, Stargate is a fully composable liquidity transfer protocol and the core of Omnichain DeFi. Recently, rumors in the community suggested that LayerZero had taken a snapshot for airdrop, but this was later denied by the official team. Stargate, as the core product of the ecosystem, hit a new high in interaction volume in May, and the total number of addresses that staked STG has reached 668,000, with the highest numbers on Arbitrum and Polygon.

SLM Games (Dapp) — A crypto-based gambling platform that spans multiple chains, including BTC and ETH. There are currently six types of games, and the project has 513 followers on Twitter. SLM Games had an update in February this year and has seen new traffic entering as a result of its marketing operations, but overall popularity is average.

6.DApp Ecosystem — ETH Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 22

ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved.

7.DApp Ecosystem — BSC Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 23

Yuliverse (DApp) — A parallel world metaverse game, inspired by Pokemon Go and Tinder. Combining Move2Earn, GameFi, and Social concepts, it serves as a social and lifestyle application where simply moving around in the community can earn rewards and help meet new friends in Yuliverse. The project is backed by investment institutions including Animoca and Lif Capital. The team is from Hong Kong, and the product is currently available for download in the App Store.

8.DApp Ecosystem — Polygon Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 24

Woofi (Dapp) — WOO X is created by the crypto hedge fund Kronos Research. On May 23, investigative journalist Chris Brunet published an article scrutinizing the decentralized crypto trading platform WOO X, questioning its current financial health and suspecting that the platform has misappropriated user assets, resulting in insolvency. Data from Nansen shows that WOO X’s assets can currently cover only about 80% of its deposits, with 45% of the assets composed of WOO tokens. Subsequently, the official team refuted the report, stating that their assets are safe and can be publicly verified on-chain. They are currently hosted in two institutions, and Nansen only read one of them, which is why the data seems incomplete.

Element Market (DApp) — A community-driven and aggregated NFT trading marketplace. The project is focused on multi-chain support and reducing gas fees. It achieves lower gas expenses by optimizing transactions and smart contracts. It will soon open the Ordinals NFT trading marketplace, starting with a beta test.

9.DApp Ecosystem — WAX Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 25

NiftyKicks Factory (DApp) Nifty Kicks is the first P2E game built on the Wax chain with a factory concept. It has 12,000 followers on Twitter. Today, Warrior Lion Gaming’s PFP Drop is taking place on the platform, raising its popularity.

10.DApp Ecosystem — Solana Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 26

Magic Eden (DApp) — The largest NFT trading marketplace on Solana, it has transitioned to multi-chain development recently. Yesterday, the sale of AssetDash Vanta’s member NFTs took place, a total of 10,000 were sold out within 20 minutes, with a current trading volume of 25,700 SOL. AssetDash Vanta is a consumer application in the cryptocurrency and NFT sectors. Its members use AssetDash to track their entire investment portfolio, earn rewards, participate in weekly free giveaways, unlock exclusive deals, and more.

11.DApp Ecosystem — Arbitrum Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 27

SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only.

12.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 28

Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity.

13.Gas Fee Consumption — ETH Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 29

Blur (Dapp, Token) — Recently, large volumes of blue-chip NFTs like MAYC and Doodles have been sold through Blur. Binance US will open trading for BLUR/USD and BLUR/USDT pairs at 20:00 Beijing Time on May 24th. Deposits are already open.

14.Gas Fee Consumption — BSC Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 30

Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER. CyberConnect raised $5.4 million through its token sale on CoinList. A total of 532,000 users from 112 countries registered, and 11,540 participants participated in the token sale.

15.Gas Fee Consumption — Polygon Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 31

XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.”

16.Gas Fee Consumption — Arbitrum Chain

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 32

Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project.

17.Twitter Trends Token Top 20

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 33

EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU.

OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list.

18.Google Trends — Global

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 34
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 35

KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES.

BLUR (Token) — Binance US announced the listing of BLUR yesterday, causing a short-term surge in the token’s price.

Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, the Chinese Hong Kong Securities and Futures Commission will hold a press conference at 4:15 PM today regarding the consultation results on the regulatory requirements for virtual asset trading platform operators. Bloomberg anticipates that Hong Kong investors will be able to trade cryptocurrencies such as BTC and ETH under suitable protection measures starting in June.

19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 36
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 37

a) South Asia Region

India Trending Tokens: ADA, AIDOGE, WAVES

b) Southeast Asia Region

Indonesia Trending Keywords: mining crypto gratis, halal or haram crypto

Malaysia Trending Keywords: AVAX

Singapore Trending Keywords: hong kong crypto

Philippines Trending Tokens: MATIC, BTC

c) East Asia and Hong Kong, Macau, and Taiwan

Taiwan Trending Keywords: crypto credit card

Hong Kong Trending Keywords: hong kong crypto, Hong Kong-related tokens include KEY, CFX, ACH, LINA, HIGH, etc.

20.Google Trends Surge — English-speaking Countries, Europe, CIS Region

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 38
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 39

a) English-speaking Countries

Canada Trending Tokens: MANA, KAVA, CFX

UK Trending Tokens: CFX, INJ, HNT, WAVES, KAVA

USA Trending Tokens: KAVA, BLUR

Australia Trending Tokens: HIGH, KEY, CSPR, FLOKI, BLUR

b) Europe

Poland Trending Keywords: XRP, OKB, PEPE

Germany Trending Keywords: KAVA, PEPE

France Trending Tokens: IMO, KAVA, SWEAT, LTC, CHZ

Italy Trending Tokens: SLP, MOF, KAVA, AIDOGE

Turkey Trending Keywords: crypto bubbles, tradingview

Spain Trending Tokens: BTC, WAVES, GMT, SHIB, TRIAS, ADAX

21.Google Trends Surge — Middle East, Latin America, Africa

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 40
Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down image 41

a) Africa

Trending Tokens: JUNO, XRP

b) Middle East

Trending Keywords: crypto bubbles, crypto desk, tradingview

c) Latin America

Brazil Trending Tokens: STX, SDAO

Argentina Trending Tokens: NXS, PEPE

Mexico Trending Tokens: MANA

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