Bitget Research: Bitcoin Continues Steady Rise, BlackRock Bitcoin ETF Surpasses $1 Billion in Trading Volume

In the past 24 hours, many new popular tokens and topics have emerged in the market, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

SATS (Token) - The approval of the spot Bitcoin ETF by the SEC has led to a surge in top projects within the ecosystem. Both ORDI and SATS have experienced a pullback in sync with Bitcoin, with most of the trading volume being dominated by centralized exchanges.

TROLL (Token) - Due to Elon Musk's Twitter bio including the word "Troll" and its meaning in the internet culture, TROLL became a target of speculation by memecoin investors, leading to a significant increase in interest over a short period.

METIS (Token) - Metis is expected to become the first decentralized Optimistic Rollup sequencer by early next year. The allocation of the $100 million ecosystem fund is scheduled to take place one week after the anticipated launch of the Metis decentralized sequencer. Recently, METIS has seen a significant increase in both its TVL and token price.

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 fallen 7.28% over the past 24 hours, experiencing a pullback after a surge.

2.Popular NFTs:

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.

Gas Hero (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero places a strong emphasis on game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is quite active.

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.

3.Popular DApps:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

Magic Square (DApp) - Magic Square is an application store tailored for cryptocurrency developers and users, offering an easy-to-navigate layout for discovering and accessing DApps, CeFi, DeFi, NFTs, and games. It's a unified, integrated, and interoperable platform where users can explore and experience community-reviewed DApps and developers can market and monetize their creations. Recently, it raised $22 million in funding through an IDO.

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.

Merkly (DApp) - Merkly is a multifunctional omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

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.

XSaiyan (DApp) - A replica of Xpet, XSaiyan is a character development game themed around Super Saiyans. Users can embed a window outside of Twitter and engage in 'play-to-earn' activities by developing Saiyan characters. The continuous significant drop in the token's value has led to dissatisfaction among community members.

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.

Starrynift (DApp) - Starrynift is a gamified metaverse co-creation platform that stands apart from traditional GameFi projects. It's the third IGO project on the BSC's BinanceNFT platform and received funding of $10 million in a pre-A round from institutions such as SIG, Alameda, Binance, and GBV. Currently, users can engage in card battles to gain experience and earn BUSD rewards in tournaments, as well as purchase tickets for spaceship adventures to obtain rewards.

MeanFi (DApp) - A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX. The project has long been a leading DeFi application in the Solana ecosystem. Its main product feature is performing ERC20-ERC20 conversions using a Dollar Cost Average strategy. The project has recently cooperated with many projects from the Arbitrum ecosystem and integrated the DCA trading feature of STG and MIM.

Arbitrum (DApp) - The Arbitrum community has initiated voting for the "Long-Term Incentives 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. The pilot program proposes to distribute between 25 and 45 million ARB tokens to protocols built on Arbitrum, with the specific amount determined by DAO through Snapshot voting and approved through Tally voting. This program will distribute ARB tokens to the Arbitrum ecosystem protocols over 12 weeks.

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:

ETH (Token) - During the recent 178th Ethereum Core Developers Execution Meeting (ACDE), the Cancun upgrade on the Goerli Testnet was confirmed for January 17th, with the Sepolia and Holesky testnet upgrades scheduled for January 30th and February 7th, respectively. Following the launch of the spot Bitcoin ETF, the Ethereum ecosystem saw an inflow of funds, with ETH seeing a price surge.

5.Regional Trending Searches:

SUI (Token) - The newly launched SUI chain has surged by 22%, with its TVL rapidly growing to $260 million, representing a 1350% increase in six months. Token subsidies have rapidly incentivized the development of its ecosystem.

ETF (Event) - SEC documents reveal that the SEC has approved 11 spot Bitcoin ETF applications from VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, Ark Invest, Grayscale, BlackRock, WisdomTree, and Invesco Galaxy. The SEC chairman stated that the approval of these ETFs was primarily influenced by the Grayscale case ruling and does not represent an endorsement of Bitcoin or other cryptocurrencies classified as securities.

Main Body

Written by: Bitget Research

Data collection time: January 12, 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 approval of the spot Bitcoin ETF by the SEC has led to a surge in top projects within the ecosystem. Both ORDI and SATS have experienced a pullback in sync with Bitcoin, with most of the trading volume being dominated by centralized exchanges.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 537,922

New active users on ETH: 102,301, with a daily increase of 6.66%

Existing active users on ETH: 435,621, with a daily decrease of 10.18%

2.1.2 New User Profile

Core data: There were a total of 102,301 new active users on ETH yesterday, with a daily increase of 6.66%

Popular Sectors

Popular Projects

Key Projects:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 435,621, with a daily decrease of 10.18%

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

TROLL (Token) - Due to Elon Musk's Twitter bio including the word "Troll" and its meaning in the internet culture, TROLL became a target of speculation by memecoin investors, leading to a significant increase in interest over a short period.

2.2.2 Uniswap V3

METIS (Token) - Metis is expected to become the first decentralized Optimistic Rollup sequencer by early next year. The allocation of the $100 million ecosystem fund is scheduled to take place one week after the anticipated launch of the Metis decentralized sequencer. Recently, METIS has seen a significant increase in both its TVL and token price.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Gas Hero (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero places a strong emphasis on game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is quite active.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,370,106

New active users on BSC: 195,958, with a daily decrease of 4.54%

Existing active users on BSC: 1,174,148, with a daily increase of 0.84%

3.1.2 New User Profile

Core data: There were a total of 195,958 new active users on BSC yesterday, with a daily decrease of 4.54%

Popular Sectors

Popular Projects

Key Projects:

Magic Square (DApp) - Magic Square is an application store tailored for cryptocurrency developers and users, offering an easy-to-navigate layout for discovering and accessing DApps, CeFi, DeFi, NFTs, and games. It's a unified, integrated, and interoperable platform where users can explore and experience community-reviewed DApps and developers can market and monetize their creations. Recently, it raised $22 million in funding through an IDO.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,174,148, with a daily increase of 0.84%

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: 726,851

New active users on Polygon: 98,641, with a daily decrease of 14.42%

Existing active users on Polygon: 628,210, with a daily increase of 10.43%

4.1.2 New User Profile

Core data: There were a total of 98,641 new active users on Polygon yesterday, with a daily decrease of 14.42%

Popular Sectors

Popular Projects

Key Projects:

Merkly (DApp) - Merkly is a multifunctional omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 628,210, with a daily increase of 10.43%

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.

4.2 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: 214,014

New Active Users on Arbitrum: 37,352, with a daily increase of 1.44%

Existing Active Users on Arbitrum: 176,662, with a daily decrease of 11.85%

5.1.2 New User Profile

Core data: There were a total of 37,352 new active users on Arbitrum yesterday, with a daily increase of 1.44%

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 176,662, with a daily decrease of 11.85%

Popular Sectors

Popular Projects

Key Projects:

XSaiyan (DApp) - A replica of Xpet, XSaiyan is a character development game themed around Super Saiyans. Users can embed a window outside of Twitter and engage in 'play-to-earn' activities by developing Saiyan characters. The continuous significant drop in the token's value has led to dissatisfaction among community members.

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 fallen 7.28% over the past 24 hours, experiencing a pullback after a surge.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 68,961

New Active Users on Base: 10,869, with a daily increase of 7.06%

Existing Active Users on Base: 58,092, with a daily increase of 1.13%

6.1.2 New User Profile

Core data: There were a total of 10,869 new active users on Base yesterday, with a daily increase of 7.06%

Popular Sectors

Popular Projects

Key Projects:

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.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 58,092, with a daily increase of 1.13%

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

The UAW of each project fluctuates within the normal range.

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

Starrynift (DApp) - Starrynift is a gamified metaverse co-creation platform that stands apart from traditional GameFi projects. It's the third IGO project on the BSC's BinanceNFT platform and received funding of $10 million in a pre-A round from institutions such as SIG, Alameda, Binance, and GBV. Currently, users can engage in card battles to gain experience and earn BUSD rewards in tournaments, as well as purchase tickets for spaceship adventures to obtain rewards.

10.DApp Ecosystem - Polygon Chain

Jump.trade (DApp) - Jump.trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic.

11.DApp Ecosystem - Solana Chain

MeanFi (DApp) - A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX. The project has long been a leading DeFi application in the Solana ecosystem. Its main product feature is performing ERC20-ERC20 conversions using a Dollar Cost Average strategy. The project has recently cooperated with many projects from the Arbitrum ecosystem and integrated the DCA trading feature of STG and MIM.

12.DApp Ecosystem - Arbitrum Chain

Traderjoe (DApp) - Due to intense volatility yesterday, trading platforms like Traderjoe experienced a surge in traffic as a large number of users flocked to trade.

13.DApp Ecosystem - Base Chain

The UAW of each project fluctuates within the normal range.

14.DApp Ecosystem - GameFi Sector Across All Chains

The UAW of each project fluctuates within the normal range.

15.Gas Fee Consumption - ETH Chain

Arbitrum (DApp) - The Arbitrum community has initiated voting for the "Long-Term Incentives 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. The pilot program proposes to distribute between 25 and 45 million ARB tokens to protocols built on Arbitrum, with the specific amount determined by DAO through Snapshot voting and approved through Tally voting. This program will distribute ARB tokens to the Arbitrum ecosystem protocols over 12 weeks.

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

ETH (Token) - During the recent 178th Ethereum Core Developers Execution Meeting (ACDE), the Cancun upgrade on the Goerli Testnet was confirmed for January 17th, with the Sepolia and Holesky testnet upgrades scheduled for January 30th and February 7th, respectively. Following the launch of the spot Bitcoin ETF, the Ethereum ecosystem saw an inflow of funds, with ETH seeing a price surge.

21.Google Trends - Global

SUI (Token) - The newly launched SUI chain has surged by 22%, with its TVL rapidly growing to $260 million, representing a 1350% increase in six months. Token subsidies have rapidly incentivized the development of its ecosystem.

ETF (Event) - SEC documents reveal that the SEC has approved 11 spot Bitcoin ETF applications from VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, Ark Invest, Grayscale, BlackRock, WisdomTree, and Invesco Galaxy. The SEC chairman stated that the approval of these ETFs was primarily influenced by the Grayscale case ruling and does not represent an endorsement of Bitcoin or other cryptocurrencies classified as securities.

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

a) South Asia Region

India Trends: ENS, BTC, XRP, HODL

Pakistan Trends: USDT, PEPE, ENS

b) Southeast Asia Region

Malaysia Trends: AVAX, LUNC, BTC, SHIB, SAND

Philippines Trends: ETF, BTC, SOL

Singapore Trends: MATIC, SUI, IBIT, XAI, SHIB, ETH, METIS, ETC, ADA

Indonesia Trends: BTC, BEAM, RNDR, ETC

c) East Asia

Trends: ETF, BTC

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

a) CIS Region

Russia Trends: Notcoin, Uniswap

Ukraine Trends: CREW, Tradingview, LUNA, Tether

b) English-speaking Countries

USA Trends: ETC, ARKB, ETF, IBIT

Australia Trends: DOT, ETH, AVAX, Depin, ADA, VRA, Jupiter

Canada Trends: Vechain, IBIT, ADA, WIF, ARKB, SUI, Casper

UK Trends: ETC, IBIT, ENS, SUI

c) Europe

Poland Trends: ETF, TIA, TON, DOT, ENS, LINK

France Trends: AXS, OMI, CRO, SUI, ION, Linea, ETC

Switzerland Trends: ETC, BNB, VRA, SUI

Turkey Trends: XAI, SHIB

Germany Trends: PI, ETC, VELO, ETH, ADA, SUI, XRP

Italy Trends: GRT, ARB, TON, LUNA, APE, ETH

Spain Trends: ENS, DOGE, ADA, XLM, ETC, KSM

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

a) Africa

Morocco Trends: Telegram, BTC

South Africa Trends: BTC, LUNO

b) Middle East

Israel Trends: BTC, ETH, ETF, ADA

UAE Trends: SOL, AVAX, ETH, ENS, Uniswap, BTC

Saudi Arabia Trends: DOGE, THETA, BTC

c) Latin America

Brazil Trends: ETC, CHZ, PENDLE, Cosmos

Argentina Trends: USTC, CAKE, ETC, AVAX, BLUR, Stellar, SUI

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