Hot Topics

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12

Beginner

2023-04-13 | 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:

SUIBG (Token) — The Sui development team Mysten Labs’ founder Adeniyi Abiodun, replied to a tweet about an alleged SUI airdrop, stating “Stop spreading nonsense. There is NO Sui Airdrop. Not planned or ever will be.” Currently, the only way to obtain early SUI token rights is through BitKeep’s SUIBG token, and users are recommended to participate in relevant BitKeep campaigns to obtain SUIBG and exchange it for $SUI after SUI goes live.

X (Token) — X is positioned as an NFT marketplace based on the Ape ecosystem, and each sale will burn APE tokens. About 20 hours ago, Musk tweeted the letter “X,” causing significant fluctuations in the token’s value. The goplus contract analysis shows no issues. It is essential to observe this token.

TETRA (Token) — A newly launched token, TETRA has a 24-hour trading volume of US$227,000, with a total liquidity of only US$12,000. The token has dropped by 75% in the past 24 hours. The contract analysis shows no issues despite significant fluctuations. It is essential to observe this token.

OIL (Token) — Positioned as a financial product, OIL allows traders to hedge blockchain inherent risks in a trustless and decentralized manner. The project’s Twitter account has not been updated since July 2022, and the token has fallen by 9% in the past 24 hours, essentially experiencing a downward trend with low trading volume. However, there is still a liquidity of $650,000 on the chain, so it is essential to observe this token.

RPL (Token) — One of the leading projects in the LSD sector. Blockchain Capital sold approximately 1.53 million LDO and 60,000 RPL tokens, earning US$2.23 million, according to on-chain data. The RPL token has fallen by 12% in the past 24 hours, with a trading volume of US$5.91 million. As the Shanghai Upgrade approaches, the relevant tokens in this sector that were previously hyped have weakened.

DXN (Token) — DXN is a community-built cryptocurrency protocol that helps with XEN deflation. Since its launch on March 27, it has seen tremendous growth, with an increase of nearly 100x from its bottom to its peak. The trading volume in the past 24 hours was US$1.11 million, and on-chain liquidity was US$526,000, indicating high popularity. The contract analysis indicates a potential risk of further issuance, but overall, it has a high level of popularity, and is important to keep a close watch on the token.

Seg Finance (Token) — No further information was found on Twitter. The token has an on-chain liquidity pool of US$2.75 million, and the trading volume in the past 24 hours was US$587,000. The token was launched on November 22, 2022, and has seen a 14x increase in value at its peak, while the contract appears to be without significant risk. It is important to keep a close watch on this token.

HMT (Token) — This is a newly launched token with on-chain liquidity of US$178,000. Currently, there are 717 holders, and the trading volume in the past 24 hours was US$156,000. The token has increased by 120% within the first two days. The contract analysis shows a 6% buy and sell tax and potential risks such as blacklisting. Overall, it is essential to stay updated on this token.

FLOKICEO (Token) — This is a memecoin with on-chain liquidity of US$1.11 million, and the trading volume in the past 24 hours was US$1.92 million. The token has seen significant recent growth and impressive performance. Contract analysis shows a 10% buy and sell tax. It is essential to stay updated on this token.

ODOGE (Token) — This is a newly launched memecoin with on-chain liquidity of US$96,000. The trading volume in the past 24 hours was US$668,000, indicating a good level of trading activity. Currently, this is all the related information available. It is essential to observe this token.

DIMO (Token) — This project is positioned as a drive-to-earn software that allows users to connect DIMO hardware to their cars, monitor their vehicle’s health status, and perform maintenance to receive weekly rewards. The token has on-chain liquidity of US$277,000, and the trading volume in the past 24 hours was US$13,900. The token has seen a 45% increase in value in a single day recently, attracting some user attention.

AGI (Token) — Auragi Finance is a one-stop DeFi protocol built on Arbitrum, utilizing a 3, 3+ve mode. The token has on-chain liquidity of US$357,000, and the trading volume in the past 24 hours was US$573,000, indicating good performance. The contract detection shows potential issuance functionality. It is essential to stay updated on this token.

VELA (Token) — Today, official reports discovered some vulnerabilities and the test network version has been closed. The official announcement stated that VLP will be refunded to wallets in USDC, and all positions will be liquidated, with the principal refunded within 48 hours. Due to this news, VELA has decreased by 22% in the past 24 hours. Users should be aware of the risks.

2.Popular NFTs:

Blocky Doge 3 (NFT) — Blocky Doge 3 is a free mint NFT with a total supply of 10,000. It claims to be created by the creator of Dogecoin and has no roadmap or utility plans. It is currently available on OpenSea with a total trading volume of 671 ETH and 4174 holders, indicating a good level of popularity. https://opensea.io/collection/blockydoge3

Garbage University Student IDs (NFT) — The Garbage Friends soul-binding NFT allows users to access Garbage University, and it is currently listed on Opensea with no trading volume. The number of holders has reached 14,298. https://opensea.io/collection/garbage-university-student-ids

Magna (NFT) — Magna is an NFT project launched on April 11 with a total supply of 5000. It was launched on Magic Eden Launchpad and sold out in 1 hour. It currently has a total trading volume of 56 ETH on OpenSea and 2573 holders, indicating moderate popularity. https://opensea.io/collection/magna-1

Mythical Animals (NFT) — Mythical Animals is an NFT project minted in April, with a current decent minting activity. However, there is not much information available. There are only 21 holders of this NFT, and the total supply is 8257. It is currently available on OpenSea with no trading volume. It is essential to stay updated on this NFT. https://opensea.io/collection/mythical-animals-4

HOVR (NFT): HOVR is a game on the Realm game creation platform, and HOVR hoverboarding is its freemint NFT. It sold out within 30 seconds after being opened for free mint. It currently has 624 holders and a floor price of 2.45 MATIC.

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, the independent wallet addresses on the zkSync Era mainnet have reached 378,000, with 115,000 ETH cross-chained to zkSync and a total of 456,000 transfers, indicating continuous growth in user activity.

Blur (DApp) — On April 11, the Blur platform traded 13,700 ETH, while OpenSea traded 3825 ETH and OpenSea Pro 1187 ETH. NFT market trading volume has continued to remain low lately. BLUR has recently performed poorly compared to BTC, with a current price of 0.56 USDT. The short-term price trend of BLUR is volatile and trending downward. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence. It is essential to stay updated on the development of its products.

TinyTap Game (DApp) — A decentralized education platform supported by Animoca Brands. The platform currently has over 200,000 educational mini-games centered around early childhood learning and development. It allows teachers to earn income through blockchain technology.

Link3 (DApp) — A Web3 social task network incubated by CyberConnect, where users can establish their own decentralized social network by completing their on-chain and off-chain information.

Sunflowerland (DApp) — Sunflowerland is a pixel-style casual farming game, a blockchain version of QQ Farm, with a focus on gold farming. NFT land trading is not very active. The project has 40,000 followers on Twitter, with 65+ KOLs following. SimilarWeb shows a monthly visit of 1.9 million, with the main traffic coming from Brazil, Russia, and Turkey. The project is of good quality.

WOOFi (DApp) — WOOFi is a DEX supported by WOO and has been integrated with Stargate, enabling WOOFi to become a cross-chain DEX. A limited edition NFT minting activity was held on the Web3 task platform Layer3 yesterday. Users who completed exchange tasks were eligible to mint the NFT. Currently, there are 3890 addresses participating in the activity.

Solana (DApp): Solana Mobile officially announced that it will hold an official Saga release event on April 13, triggering an increase in the core assets of the Solana system.

4.Twitter Hot Topics:

OPUL (Token) — Opulous has announced that it will launch its next groundbreaking product on April 29. The official tweet posted an intriguing picture saying “7PM UTC” with the caption “It’s about to get interesting”.

SILO (Token) — Silo Finance is a non-custodial lending protocol that allows users to create a permissionless and risk-isolated market. SILO liquidity and incentives are now available on Camelot, with SILO/ETH LP having an APR of 500%.

5.Regional Trending Searches:

SOL (Token) — SOL, SRM, RAY, and FTT from the Solana ecosystem experienced significant price increases. Solana Labs’ subsidiary, Solana Mobile, announced the launch of the Saga smartphone, which supports Web3 functionality, on April 13th.

CFX (Token), Conflux — CFX’s PPI and GOL tokens experienced a surge in price. PPI is a DEX, and GOL is a lending platform. Binance announced support for direct withdrawal to the CFX mainnet, and Uniswap will be introduced to the CFX ecosystem.

Main Body

Written by: Bitget Research

Data collection time: April 12, 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: 470,996
New active users of ETH: 83,655, with a daily increase of 10.61%
Existing active users of ETH: 387,341, with a daily increase of 4.94%

1.1.2 New User Profile

Core data: There were a total of 83,655 new active users on ETH yesterday, with a daily increase of 10.61%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 0

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 1

Key Projects:

1.1.3 Existing User Profile

Core data: The number of ETH active existing users is 387,341, with a daily increase of 4.94%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 2

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 3

Key Projects:

1.2 Popular Trading Pairs

1.2.1 Uniswap V2

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 4

1.2.2 Uniswap V3

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 5

2.Blockchain Profile — BSC Chain

2.1 User Profile

2.1.1 Core Data

Total active users on BSC: 1,376,087
New active users on BSC: 169,869, with a daily increase of 18.83%
Existing active users on BSC: 1,206,218, with a daily increase of 5.90%

2.1.2 New User Profile

Core data: There were a total of 169,869 new active users on BSC yesterday, with a daily increase of 18.83%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 6

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 7

Key Projects:

Link3 (DApp) — A Web3 social task network incubated by CyberConnect, where users can establish their own decentralized social network by completing their on-chain and off-chain information.

2.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,206,218, with a daily increase of 5.90%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 8

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 9

Business Opportunity

Secondlive (DApp) — SecondLive is a Web3 Metaverse project based on the BSC that focuses on building a virtual social network and supporting creator economy activities. It is expected to have an airdrop in the future, making it an essential project to engage with.

2.2 Popular Trading Pairs

2.2.1 PancakeSwap V2

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 10

3.Blockchain Profile — Polygon Chain

3.1 User Profile

3.1.1 Core Data

Total active users on Polygon: 425,668
New active users on Polygon: 81,636, with a daily increase of 0.52%
Existing active users on Polygon: 344,032, with a daily increase of 3.90%

3.1.2 New User Profile

Core data: There were a total of 81,636 new active users on Polygon yesterday, with a daily increase of 0.52%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 11

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 12

Key Projects:

Meta Force (DApp) — The project is suspected to be a Ponzi financial game similar to Forsage 2.0. According to data from SimilarWeb, the traffic has been increasing rapidly recently, with 31,600 visits in March. The main visiting countries are Pakistan (52.96%) and the United States (18.64%).

Benji Bananas (DApp) — This is a free-to-play mobile blockchain game that was invested in by Animoca Brands. The project has frequent promotions, with 1–3 tweets daily on their official Twitter account to update on project progress. Recently, they launched the fourth Jungle Party adventure event, which has gained some popularity. It is essential to stay updated on this project.

3.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 344,032, with a daily increase of 3.90%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 13

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 14

Key Projects:

Project Galaxy (DApp) — On-chain task platform, a top-tier application of the DID, has recently launched a new identity verification method that allows users to log in with their Ethereum address with just one click. On April 5th, the platform announced the launch of a new feature called Galxe Mintlist, which can achieve the following: 1. Build brand awareness when the product is released; 2. Increase social followers and early supporters on Twitter, Discord, and Telegram; 3. Distribute whitelists based on participation; 4. Gamify the pre and post-minting experience. The launch of the new feature further optimizes the project’s experience on Galxe.

3.2 Popular Trading Pairs

3.2.1 Uniswap V3

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 15

4.Blockchain Profile — Arbitrum Chain

4.1 User Profile

4.1.1 Core Data

Arbitrum Active Users: 198,931
Arbitrum New Active Users: 43,840, with a daily increase of 3.30%
Arbitrum Existing Active Users: 155,091, with a daily increase of 3.14%

4.1.2 New User Profile

Core data: There were a total of 43,840 new active users on Arbitrum yesterday, with a daily increase of 3.30%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 16

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 17

Key Projects:

Stargate (DApp) — Stargate, a cross-chain bridge built on LayerZero, has benefited from the financing boost and rising data of LayerZero. With high enthusiasm for airdrop, its popularity has significantly increased and maintained a high level of interaction

4.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 155,091, with a daily increase of 3.14%
Popular Sectors

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 18

Popular Projects

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 19

Key Projects:

Maker Order Manager, (Gridex) (DApp) — Since Gridex changed the mining rules, it has limited the lowest-risk acquisition plan. Maker buy is sold immediately after the transaction is completed. If a swap sell action is made, the entire X score will become zero. The rule change has caused some users to withdraw their orders, leading to a decrease in trading volume.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 20

5.DApp Ecosystem — All Chains

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 21

Iskra (DApp) — Iskra is a blockchain gaming platform primarily built on Klaytn, bringing together gamers and game studios. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users can access new game projects through the Launchpad on the platform. Currently, there are activities for Web3 Cooking Games and 3KM Multiverse on Twitter, and a task activity for 5000USDT+5500ISK is being conducted on zealy_io. The project frequently organizes activities.

6.DApp Ecosystem — ETH Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 22

Uniswap (DApp) — Multiple trading contracts of Uniswap’s UAW have seen a 15% or more increase, and its trading volume has surpassed Coinbase for the second consecutive month, reaching US$71.6 billion in March, 45% higher than Coinbase’s trading volume. Recently, it has integrated with Moonpay to support fiat currency trading, solidifying its leading position.

DEX (DApp) — In addition to Uniswap, the UAW of DEX projects such as Metamask Swap, 1inch, and 0x have also seen significant increases, mainly benefiting from the upward trend led by BTC. After BTC broke through $30,000, cryptocurrencies in the market followed with a general increase, but most altcoins gave back their gains today, resulting in active trading sentiment.

7.DApp Ecosystem — BSC Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 23

Tap Fantasy (DApp) — Tap Fantasy is an MMORPG game with female cartoon characters as the main theme. The final week of the Tap Fantasy S4 season is set to begin on April 17th, and there is still a chance to win weekly rewards. The rankings for S4 clubs, individual players, and multi-player boss battles will be based on the rankings as of April 19th 00:00 UTC time.

Playbux (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community activities. 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 cashback on the platform. The project is incubated and invested in by Binance Labs and is currently conducting airdrop activities. Participants have the opportunity to receive PBUX tokens by completing simple tasks and holding Playbux NFTs distributed during previous events and the current pre-alpha period.

8.DApp Ecosystem — Polygon Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 24

Benji Bananas (DApp) — Benji Bananas is a Web2 game owned by Animoca that rewards players with Apecoin and the game token, Primate. The latest Easter surprise event ended today, and the project team announced the winning users. The project recently launched the fourth Jungle Party adventure event, and UAW has increased significantly.

Hunters On-Chain by BoomLand (DApp) — This is a free, action role-playing game developed by Boomland, a seasoned game developer that has released over 200 games with over 1.5 billion downloads. Hunters On-Chain is the Web3 version of the mobile game Hunt Royale, which has already been downloaded over 7 million times. The game is currently in its Testnet phase and players who open the in-game store before April 13th have a chance to win 1,000,000 BGEM tokens and Genesis boxes.

9.DApp Ecosystem — WAX Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 25

AtomicAssets (DApp): It is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. The project team is currently exhibiting at NFTNYC2023, but there are no special activities at this time.

10.DApp Ecosystem — Solana Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 26

Solana Mobile officially announced that it will hold an official Saga release event on April 13, which caused an increase in the core assets of the Solana system.

GameTrade Market (DApp) — This project is a multi-chain NFT marketplace that focuses on trading in-game assets. It offers a full range of game categories and game asset trading functions. Yesterday, Citizen Conflict, Forest Knight, and Worldwide updated their NFT asset trading.

11.DApp Ecosystem — Arbitrum Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 27

Radiant (DApp) — The cross-chain lending platform supported by Layerzero has a total TVL of US$200 million and has been maintaining an upward trend since its token was listed on Binance. The 7-day active users on Arbitrum have reached 115,000, second only to Stargate among Arbitrum Dapps.

WOOFi (DApp) — As mentioned previously in the report, a limited edition NFT minting activity was held on the Web3 task platform Layer3 yesterday. Users who completed exchange tasks were eligible to mint the NFT. Currently, there are 3890 addresses participating in the activity.

12.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 28

There is no significant change in the overall gamefi sector, and the activity level is fluctuating within the normal range. There are no new games introduced.

13.Gas Fee Consumption — ETH Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 29

Magna (NFT) — Magna is a community-driven NFT project that recently completed a free mint event. It has 2558 holders, with active trading. It also has 44,000 followers on Twitter and high engagement on social media. https://opensea.io/collection/magna-1

14.Gas Fee Consumption — BSC Chain

Bitget Research: BTC Pulls Back Short-Term After Breaking New High, Market Awaits US March CPI Release on April 12 image 30

Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Recently, they have been involved in joint promotional activities with Zetachain, Xterio, and DODO, which have generated a lot of community engagement. It is essential to stay updated on this project.