Bitget Research: SEC Approves 11 Spot Bitcoin ETFs, Ethereum Price Surge Drives Inflow of Funds into Ecosystem

In the past 24 hours, many new popular tokens and topics have emerged in the ba45727c-d66f-4116-a7a2-2136e4a61d48, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

SATS (Token) - The spot Bitcoin ETF has been approved by the SEC, leading to a surge in top ecosystem projects. SATS has achieved the highest on-chain trading volume over the past 24 hours at 1.16 million, with a total trading volume of $60 million, and a daily increase rate of 12%.

KIRBY (Token) - Elon Musk replied to a tweet saying the CEO is Kirby, a pet character from a Japanese anime. This influenced the community to hype up the related memecoin, KIRBY, resulting in a 24-hour trading volume of $2 million and a market cap that surpassed $1.5 million. It has since experienced a significant pullback.

LDO (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. As the Cancun upgrade approaches, LDO's price has been setting historical highs, driven by an influx of market funds into the LSD sector tokens.

XAI (Token) - XAI is a Layer 3 gaming chain, developed with direct support and assistance from Offchain Labs, the team behind Arbitrum. It has begun trading on multiple exchanges after launching on Binance Launchpool. XAI conducted a significant airdrop to the community, representing 5% of the total supply, totaling 125 million tokens. Vanguard NFT holders will receive 1307 XAI per NFT, Legendary NFT holders will get 290 XAI per NFT and Sentry Node Operators will be awarded 1658 XAI.

PENDLE (Token) - PENDLE announces its entry into the restaking LRTfi sector, allowing users to earn additional profits or engage with DeFi more extensively with their Liquid Restaking Tokens (LRT). PENDLE token has risen 26% over the past 24 hours, continuously setting new highs for the year.

2.Popular NFTs:

Age of Dino (NFT) - Age of Dino is a Web3 strategy game by the XterioGames platform. The project's NFT minting is now open, with a total of 4719 NFTs available. The floor price is 1.17 ETH, and it has seen a 24-hour trading volume of 902 ETH, indicating enormous popularity.

Tinfun (NFT) - TinFun is an NFT project led by the prominent crypto influencer LaserCat397.eth, focusing on virtual adventures in Web3. Recently, it conducted an NFT sale for only whitelisted addresses, raising a total of 25,000 ETH. The project will announce the lottery results today and open a page for refunds. The project's NFTs possess only artistic value and will not have any future empowerment. The project enjoys high engagement within the Chinese-speaking community. It is advisable to keep this project on your radar.

Azuki (NFT) - Azuki's official X account followed the Weeb3 Foundation and retweeted their tweet: "Towards an open anime universe." The Weeb3 Foundation's account description reads, "Creating the open anime universe. Powered by $ANIME." The community speculates that ANIME might be a token soon to be issued by Azuki. Influenced by this news, Azuki has been at the top of the trading activity chart for several consecutive days, with a 50% increase in floor price.

3.Popular DApps:

Turnup (DApp) - Turnup, a Web3 social gaming ecosystem, has seen continuous growth in on-chain transaction data, ranking high on the Polygon DApps daily active users chart. The project team promised in a tweet that once they rank first on the daily active users chart, they will host an AMA with Polygon founder Sandeep Nailwal.

Arbitrum (DApp) - According to DeFiLama, the 24-hour trading volume of DEXs on the Arbitrum Chain has reached $1.67 billion, a weekly increase of over 31%, ranking second below ETH. Recently, with the hype surrounding the Cancun upgrade narrative, the price of ARB has shown strong performance, continuously setting new historical highs. It increased by 20% over the past 24 hours. ARB will unlock $2.2 billion on March 16, approximately 90% of its current circulating supply.

Pixels (DApp) - During a community AMA, the blockchain game Pixels announced that the second season of Play to Airdrop will commence on January 5. The distribution amount in season 2 will be less than the first and may include a lottery system. Furthermore, the token generation event (TGE) for the game's main token, PIXEL, will occur within one to two weeks, and the rewards from Play to Airdrop's first season will be distributed before this TGE.

Xterio (DApp) - A Web3 game developer and publisher with a team comprising professionals from top gaming studios such as FunPlus, Electronic Arts, Zynga, and Activision Blizzard. Its recent platform game, Age of Dino, introduced NFTs and saw a 24-hour trading volume of 900 ETH, significantly boosting its popularity. Xterio has disclosed plans to issue its protocol token, XTER, to energize the Xterio gaming ecosystem. The project is part of the Binance Labs investment portfolio.

Jupiter Exchange (DApp) - Meow, the co-founder of Jupiter, outlined plans for a JUP token airdrop at the end of this month. To facilitate this, 10% of the tokens will be extracted from the team's wallet and 15% from the community wallet for use as liquidity provision, initial airdrops, and meeting community activity demands. It is estimated that on the first day of launch, between 15% and 17.5% of the tokens will enter the market circulation, with 10% to 7.5% stored in hot wallets and 75% stored in cold wallets.

Radiant (DApp) - Radiant Capital initiated voting on the RFP-28 proposal from January 9 to January 12 (UTC+8), aiming to revolutionize the DeFi platform by introducing Radiant v3. The core innovations of Radiant v3 include enhancing existing cross-chain features, introducing elements like the Radiant Innovation Zone (RIZ) to explore more asset markets, long and short-term asset trading options, automatic conversion of protocol fees into dynamic liquidity (dLP), dual emission lending markets, and dynamic protocol fee allocation during high utilization periods.

QNA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

4.Twitter Hot Topics:

ARB Ecosystem (Token) - As the Dencun upgrade test scheduled for January 17 nears, the trading volume of Layer 2 projects has started soaring. The Arbitrum community has initiated voting for the "Long-Term Incentive Pilot Program" proposal. The purpose of this proposal is to test new long-term incentive designs to shape the future long-term incentive program for Arbitrum, with various ecosystem projects to be the key recipients of these benefits.

5.Regional Trending Searches:

SEC (Event) - The U.S. Securities and Exchange Commission (SEC) has approved 11 applications for spot Bitcoin ETFs from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin. BlackRock's spot Bitcoin ETF, IBIT, is set to be listed for trading on NASDAQ on January 11.

Main Body

Written by: Bitget Research

Data collection time: January 11, 10:30 AM

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)

5) In this report, the term "Entity" refers to both Contract Account (CA) and Ethereum Original Account (EOA), and is not a result of the aggregation of actual entity addresses.

1.BTC Profile - BRC-20

SATS (Token) - The spot Bitcoin ETF has been approved by the SEC, leading to a surge in top ecosystem projects. SATS has achieved the highest on-chain trading volume over the past 24 hours at 1.16 million, with a total trading volume of $60 million, and a daily increase rate of 12%.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 580,929

New active users on ETH: 95,912, with a daily increase of 6.68%

Existing active users on ETH: 485,017, with a daily increase of 38.85%

2.1.2 New User Profile

Core data: There were a total of 95,912 new active users on ETH yesterday, with a daily increase of 6.68%

Popular Sectors

Popular Projects

Key Projects:

Age of Dino (NFT) - Age of Dino is a Web3 strategy game by the XterioGames platform. The project's NFT minting is now open, with a total of 4719 NFTs available. The floor price is 1.17 ETH, and it has seen a 24-hour trading volume of 902 ETH, indicating enormous popularity.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 485,017, with a daily increase of 38.85%

Popular Sectors

Popular Projects

Key Projects:

Tinfun (NFT) - TinFun is an NFT project led by the prominent crypto influencer LaserCat397.eth, focusing on virtual adventures in Web3. Recently, it conducted an NFT sale for only whitelisted addresses, raising a total of 25,000 ETH. The project will announce the lottery results today and open a page for refunds. The project's NFTs possess only artistic value and will not have any future empowerment. The project enjoys high engagement within the Chinese-speaking community. It is advisable to keep this project on your radar.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

KIRBY (Token) - Elon Musk replied to a tweet saying the CEO is Kirby, a pet character from a Japanese anime. This influenced the community to hype up the related memecoin, KIRBY, resulting in a 24-hour trading volume of $2 million and a market cap that surpassed $1.5 million. It has since experienced a significant pullback.

2.2.2 Uniswap V3

LDO (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. As the Cancun upgrade approaches, LDO's price has been setting historical highs, driven by an influx of market funds into the LSD sector tokens.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Azuki (NFT) - Azuki's official X account followed the Weeb3 Foundation and retweeted their tweet: "Towards an open anime universe." The Weeb3 Foundation's account description reads, "Creating the open anime universe. Powered by $ANIME." The community speculates that ANIME might be a token soon to be issued by Azuki. Influenced by this news, Azuki has been at the top of the trading activity chart for several consecutive days, with a 50% increase in floor price.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,369,664

New active users on BSC: 205,281, with a daily increase of 2.25%

Existing active users on BSC: 1,164,383, with a daily decrease of 0.38%

3.1.2 New User Profile

Core data: There were a total of 205,281 new active users on BSC yesterday, with a daily increase of 2.25%

Popular Sectors

Popular Projects

Key Projects:

TinyTap (DApp) - TinyTap is a vast library of games created by educators. Now under the umbrella of Animoca Brands, the project is dedicated to forging an open, blockchain-driven educational ecosystem. Animoca Brands has announced plans to purchase additional EDU tokens from the open market. Binance Labs invested $3.15 million in the Web3 education protocol Open Campus, bringing a significant level of traffic to the Web3 education sector.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,164,383, with a daily decrease of 0.38%

Popular Sectors

Popular Projects

Key Projects:

Playbux (DApp) - Playbux is a project that combines e-commerce with a metaverse platform. It offers a store and profit system that allows users to shop from global merchants and earn cashback rewards. The platform aims to integrate existing exchanges, lending platforms, and NFTs so customers can access all services in one place. By leveraging mobile accessibility, Playbux positions itself as the most accessible metaverse where users can earn Playbux tokens by receiving cashback on any purchase.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

No new popular assets have emerged on the BSC.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 684,148

New active users on Polygon: 115,259, with a daily increase of 6.35%

Existing active users on Polygon: 568,889, with a daily decrease of 4.18%

4.1.2 New User Profile

Core data: There were a total of 115,259 new active users on Polygon yesterday, with a daily increase of 6.35%

Popular Sectors

Popular Projects

Key Projects:

Turnup (DApp) - Turnup, a Web3 social gaming ecosystem, has seen continuous growth in on-chain transaction data, ranking high on the Polygon DApps daily active users chart. The project team promised in a tweet that once they rank first on the daily active users chart, they will host an AMA with Polygon founder Sandeep Nailwal.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 568,889, with a daily decrease of 4.18%

Popular Sectors

Popular Projects

Key Projects:

Smart Cats (NFT) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with Smart Cats NFTs by feeding, cleaning, and other activities. The NFTs have a very high level of interaction. Smart Layer's official "Airdrop Confirmed" announcement hints at an upcoming airdrop and TGE.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

No new popular assets have emerged on the Polygon Chain.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 237,223

New Active Users on Arbitrum: 36,822, with a daily decrease of 69.97%

Existing Active Users on Arbitrum: 200,401, with a daily increase of 4.45%

5.1.2 New User Profile

Core data: There were a total of 36,822 new active users on Arbitrum yesterday, with a daily decrease of 69.97%

Popular Sectors

Popular Projects

Key Projects:

XAI (Token) - XAI is a Layer 3 gaming chain, developed with direct support and assistance from Offchain Labs, the team behind Arbitrum. It has begun trading on multiple exchanges after launching on Binance Launchpool. XAI conducted a significant airdrop to the community, representing 5% of the total supply, totaling 125 million tokens. Vanguard NFT holders will receive 1307 XAI per NFT, Legendary NFT holders will get 290 XAI per NFT and Sentry Node Operators will be awarded 1658 XAI.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 200,401, with a daily increase of 4.45%

Popular Sectors

Popular Projects

Key Projects:

Arbitrum (DApp) - According to DeFiLama, the 24-hour trading volume of DEXs on the Arbitrum Chain has reached $1.67 billion, a weekly increase of over 31%, ranking second below ETH. Recently, with the hype surrounding the Cancun upgrade narrative, the price of ARB has shown strong performance, continuously setting new historical highs. It increased by 20% over the past 24 hours. ARB will unlock $2.2 billion on March 16, approximately 90% of its current circulating supply.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) - PENDLE announces its entry into the restaking LRTfi sector, allowing users to earn additional profits or engage with DeFi more extensively with their Liquid Restaking Tokens (LRT). PENDLE token has risen 26% over the past 24 hours, continuously setting new highs for the year.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 67,594

New Active Users on Base: 10,152, with a daily decrease of 22.20%

Existing Active Users on Base: 57,442, with a daily decrease of 11.80%

6.1.2 New User Profile

Core data: There were a total of 10,152 new active users on Base yesterday, with a daily decrease of 22.20%

Popular Sectors

Popular Projects

Key Projects:

Odos (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 57,442, with a daily decrease of 11.80%

Popular Sectors

Popular Projects

Key Projects:

Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.

7. DApp Ecosystem - All Chains

Pixels (DApp) - During a community AMA, the blockchain game Pixels announced that the second season of Play to Airdrop will commence on January 5. The distribution amount in season 2 will be less than the first and may include a lottery system. Furthermore, the token generation event (TGE) for the game's main token, PIXEL, will occur within one to two weeks, and the rewards from Play to Airdrop's first season will be distributed before this TGE.

8.DApp Ecosystem - ETH Chain

Xterio (DApp) - A Web3 game developer and publisher with a team comprising professionals from top gaming studios such as FunPlus, Electronic Arts, Zynga, and Activision Blizzard. Its recent platform game, Age of Dino, introduced NFTs and saw a 24-hour trading volume of 900 ETH, significantly boosting its popularity. Xterio has disclosed plans to issue its protocol token, XTER, to energize the Xterio gaming ecosystem. The project is part of the Binance Labs investment portfolio.

9.DApp Ecosystem - BSC

Hooked (DApp) - Hooked Protocol aims to address major challenges in the adoption of Web3, such as lack of user motivation, high entry barriers, and a shortage of Web3 education. The project encourages users to embark on their Web3 journey by offering gamified learning experiences and incentive mechanisms.

10.DApp Ecosystem - Polygon Chain

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. It enhances social interaction and engagement and allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

11.DApp Ecosystem - Solana Chain

Jupiter Exchange (DApp) - Meow, the co-founder of Jupiter, outlined plans for a JUP token airdrop at the end of this month. To facilitate this, 10% of the tokens will be extracted from the team's wallet and 15% from the community wallet for use as liquidity provision, initial airdrops, and meeting community activity demands. It is estimated that on the first day of launch, between 15% and 17.5% of the tokens will enter the market circulation, with 10% to 7.5% stored in hot wallets and 75% stored in cold wallets.

12.DApp Ecosystem - Arbitrum Chain

Radiant (DApp) - Radiant Capital initiated voting on the RFP-28 proposal from January 9 to January 12 (UTC+8), aiming to revolutionize the DeFi platform by introducing Radiant v3. The core innovations of Radiant v3 include enhancing existing cross-chain features, introducing elements like the Radiant Innovation Zone (RIZ) to explore more asset markets, long and short-term asset trading options, automatic conversion of protocol fees into dynamic liquidity (dLP), dual emission lending markets, and dynamic protocol fee allocation during high utilization periods.

13.DApp Ecosystem - Base Chain

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period.

14.DApp Ecosystem - GameFi Sector Across All Chains

Pixels (DApp) - During a community AMA, the blockchain game Pixels announced that the second season of Play to Airdrop will commence on January 5. The distribution amount in season 2 will be less than the first and may include a lottery system. Furthermore, the token generation event (TGE) for the game's main token, PIXEL, will occur within one to two weeks, and the rewards from Play to Airdrop's first season will be distributed before this TGE.

15.Gas Fee Consumption - ETH Chain

Tinfun (DApp) - TinFun is an NFT project led by the prominent crypto influencer LaserCat397.eth, focusing on virtual adventures in Web3. Recently, it conducted an NFT sale for only whitelisted addresses, raising a total of 25,000 ETH. The project will announce the lottery results today and open a page for refunds. The project's NFTs possess only artistic value and will not have any future empowerment. The project enjoys high engagement within the Chinese-speaking community. It is advisable to keep this project on your radar.

16.Gas Fee Consumption - BSC

QNA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

17.Gas Fee Consumption - Polygon Chain

Smart Cats (NFT) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with Smart Cats NFTs by feeding, cleaning, and other activities. The NFTs have a very high level of interaction. Smart Layer's official "Airdrop Confirmed" announcement hints at an upcoming airdrop and TGE.

18.Gas Fee Consumption - Arbitrum Chain

VERTEX (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross-margin trading services. It integrates spot, perpetual contracts, and money markets into one application. It is currently the most active derivatives platform on Arbitrum.

19.Gas Fee Consumption - Base Chain

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period.

20.Top Trending Tokens on Twitter

ARB Ecosystem (Token) - As the Dencun upgrade test scheduled for January 17 nears, the trading volume of Layer 2 projects has started soaring. The Arbitrum community has initiated voting for the "Long-Term Incentive Pilot Program" proposal. The purpose of this proposal is to test new long-term incentive designs to shape the future long-term incentive program for Arbitrum, with various ecosystem projects to be the key recipients of these benefits.

21.Google Trends - Global

SEC (Event) - The U.S. Securities and Exchange Commission (SEC) has approved 11 applications for spot Bitcoin ETFs from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin. BlackRock's spot Bitcoin ETF, IBIT, is set to be listed for trading on NASDAQ on January 11.

22.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

a) South Asia Region

India Trends: BTC ETF, Sand, CMC

Pakistan Trends: DogeCoin, BTC ETF

b) Southeast Asia Region

Malaysia Trends: BTC ETF, Sand, Uni

Philippines Trends: SHIB Inu, BTC, AI, MATIC, AVAX

Singapore Trends: BTC ETF, XRP, Solana, QUANT, BTC

Indonesia Trends: XRP, HNT, BTC ETF, AXIS

Vietnam Trends: Mantle

c) East Asia

Taiwan Trends: SEC

Japan Trends: IVS, BONK, ETH

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

a) CIS Region

Russia Trends: TRON, AEVO, BLUR, EOS

Ukraine Trends: DAO

Belarus Trends: Airdrop

b) English-speaking Countries

USA Trends: SEC, BTC ETF

Australia Trends: SEC, BTC ETF, ARB, TAO

Canada Trends: SEC, IMX

UK Trends: SEC, BTC ETF

c) Europe

Poland Trends: SEC, BTC ETF, MNT, XEN

France Trends: SOL

Switzerland Trends: ETH, SEC, BTC ETF, ADA

Turkey Trends: ROLLER, SEC, BTC ETF

Germany Trends: SEC, BTC ETF

Italy Trends: OP, CRV, ETH, HEX, TAO

Spain Trends: FTM, ARK, SHIB

24.Google Trends Surge - Middle East, Latin America, Africa

a) Africa

Morocco Trends: PI, SEC, BONK, BTC

South Africa Trends: BONK, SEC, BTC ETF

b) Middle East

Israel Trends: SEC, BTC ETF, Matic

UAE Trends: CMC, Solana, BTC, XRP

Saudi Arabia Trends: SEC, ETF, CMC

c) Latin America

Brazil Trends: SEC, BTC ETF, ETH, MATIC

Argentina Trends: GALA, PEPE, BONK, XAI

Reference Links

Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview