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Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk

Bitget Research
2023/06/15
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk
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:

ORDI (Token) — The BTC Ordinals ecosystem continues to maintain its innovative passion. Recently, Ordinals’ trusted lead maintainer, Raph, has merged the recursive inscription update from Ordinals creator Rodarmor into the Ordinals codebase on GitHub. As the core asset of Ordinals BRC-20, ORDI’s price trend is relatively more resilient than the broader market. The trading activity is good, with a 24-hour trading volume of US$36 million on the entire network, making it the most actively traded asset in its sector.

Tether (Token) — According to official data from Curve, the proportion of USDT in 3pool has reached 74.35% today, showing slight depegging. In response, Tether CTO Paolo Ardoino stated on Twitter that market sentiment is easily exploited and they are ready to redeem any amount of funds.

RAPTOR (Token) — A memecoin with the “Raptor Jesus” concept. It has shown a very strong performance since its launch three days ago. Today, the project leveraged a tweet from Elon Musk featuring an image of a raptor, resulting in another surge in its price and a new record high. The current market cap of the token is US$8.35 million, with a 24-hour trading volume of US$14 million, and 2407 token holders.

REVIVE (Token) — A memecoin themed around the concept of “Revival”. Today, it surged to previous high levels, with a current market cap of $1.18 million and a 24-hour trading volume of $8.82 million. The token has a high turnover rate, and there are 1,154 holding addresses.

PEPE (Token) — As the broader market further declines, the new leading meme PEPE has hit a new low recently. The on- XCNUSDT">chain trading volume has also significantly decreased to around US$10 million. It’s hard to form a consensus around memes in a bear market.

FTC (Token) — A memecoin that emerged on BSC in the past two days, with a liquidity pool of US$22 million. The project has CX attributes and has attracted a substantial amount of capital from outside the crypto circle. The current market cap is US$344.6 billion, with a 24-hour trading volume of US$40.5 million, and 28,000 holders.

ARB (Token) — MXC, the first L3 chain on Arbitrum, will launch its mainnet in early July. This chain uses MXC as its gas fee and is currently undergoing testnet interaction. MXC is being built on Arbitrum as an IoT expansion solution. It has provided increased IoT usability for South Korean and New York governments and aims to become the next Ethereum in the IoT space, supporting the issuance of sensor tokens and real-world NFTs. Arbitrum remains the most active chain in terms of ecosystem expansion among Ethereum’s Layer 2 solutions. The price of ARB has hit a new low with the recent market downturn.

2.Popular NFTs:

Companions (NFT) — Land NFTs of an open metaverse platform, allowing for 3D modeling. Currently, there are 5,000 NFTs in total, with a total trading volume of 119 ETH, and 2201 holders, indicating a certain level of activity.

Mint.fun Turns One (NFT) — The famous top NFT issuance platform, Mint.fun has turned one. The NFTs in this series were issued to commemorate Mint.fun’s first birthday. The level of community participation is high, but the trading activity is relatively low.

BOTB (NFT) — A Buccaneers of the Blockchain NFT project, in collaboration with the official website of American Veterans. The NFTs are categorized into human, cyborg, or machine, and the project’s minting price is set at 0.1 ETH, with no transactions in the secondary market.

Building (NFT) — This multi-chain NFT is a collaboration between artist Amber Vittoria, and Holograph, with free mint available on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism. Currently, 138,000 NFTs have been minted.

3.Popular DApps:

Binance US (DApp) — Binance.US has agreed to a settlement with the SEC to avoid a total asset freeze on the cryptocurrency trading platform. In response to the SEC’s asset freeze request, Binance proposed a compromise, which includes transferring the crypto assets of American clients to new wallets with new private keys. These private keys will be solely controlled by Binance.US.

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. The Building NFT free multi-chain mint promotion is now open for a limited time. The building, created by artist Amber Vittoria, can be minted for free on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism for a limited time of 48 hours.

Socket (DApp) — A multichain application, Socket’s primary offering is the Bungee Cross-Chain Aggregator. It has recently completed its hackathon event, SocketSurge Wave, where the top four developers, based on points, have been awarded their respective NFTs. The project has not issued its token, but there is anticipation around a potential airdrop. With impressive user experience, project users may want to monitor closely.

Arc8 by GAMEE (DApp) — A mini-game platform by GAMEE. The official Twitter account announced that the brand-new Arc8 is launched, featuring new games, aesthetics, and competitive modes. On June 14, it announced the launch of the “Galaxy Season”, which updated the gameplay, introduced new important features, and improved the UI, resulting in an increase in user attention. Gaming projects on the Matic chain rank highly in terms of activity during the bear market.

Arbid (DApp) — Space id’s .arb domain name launched on Arbitrum. The mainnet was launched and the recent increase in registration volume is notable. This month, over ten projects including Defiedge and Bounce Finance, have integrated the domain, indicating significant popularity.

Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. Currently, there are more than 6 contracts related to LayerZero on Arbitrum, making it the protocol with the highest level of interaction on Arbitrum. The recent daily transfer count exceeds 400,000, which is an increase from last week and is at a historical high.

OpenSea (DApp) — Recently, the NFT market’s trading volume has remained stable. On June 13, OpenSea had a trading volume of 2337 ETH, and OpenSea Pro had 317 ETH. The overall trading volume has shrunk quite a bit compared to Blur, indicating a decrease in user interest in NFT trading.

Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$63.66 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$1.792 million.

Jump Trading (Other) — According to 0xScope Protocol, cryptocurrency market maker Jump Trading transferred 112,000 ETH (US$185 million) from its custodial address to a new address today. In the past five days, a total of 1.33 million ETH (approximately US$2.2 billion) has been transferred out of the custodial addresses. The market speculates that this move is related to the drop in ETH’s price yesterday. It is recommended to continue monitoring the situation.

4.Twitter Hot Topics:

TWT (Token) — TrustWallet is primarily engaged in on-chain wallet services. The company has recently been engaged in frequent operational activities, and its CEO, Eowyn Chen, will be discussing Trust Wallet’s product updates and security features in a Twitter AMA today, generating a significant level of interest. The token performed well yesterday, with a 12% price increase in the last 24 hours and a total market trading volume of $82.78 million.

5.Regional Trending Searches:

FOMC (Event) — The Federal Reserve announced at the end of a two-day interest rate meeting that it will maintain the federal funds target interest rate range between 5% and 5.25%. This marks the first pause in rate hikes after 10 consecutive increases by the Federal Reserve. However, the Federal Reserve still expects borrowing costs to rise by half a percentage point before the end of the year. This suggests that the authorities may increase rates twice more before the end of the year, each time by 0.25%. Hawkish remarks have led to a significant pullback in blue-chip assets.

Bitcoin (Token) — The price of BTC started declining following the announcement of the Federal Reserve’s interest rate decision yesterday. The Fed’s decision to pause rate hikes in June but hint at two more rate hikes later in the year was more hawkish than expected. The increased uncertainty regarding macro monetary policy has added pressure to the medium-term uptrend. Bitcoin’s price has fallen by 3.66% in the last 24 hours and is fluctuating around US$25.000.

Main Body

Written by: Bitget Research

Data collection time: June 15, 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.BTC Profile — BRC-20

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 0

ORDI (Token) — The BTC Ordinals ecosystem continues to maintain its innovative passion. Recently, Ordinals’ trusted lead maintainer, Raph, has merged the recursive inscription update from Ordinals creator Rodarmor into the Ordinals codebase on GitHub. As the core asset of Ordinals BRC-20, ORDI’s price trend is relatively more resilient than the broader market. The trading activity is good, with a 24-hour trading volume of US$36 million on the entire network, making it the most actively traded asset in its sector.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

  • Total active users of ETH: 434,755
  • New active users of ETH: 72,838, with a daily decrease of 7.63%
  • Existing active users of ETH: 361,917, with a daily increase of 15.31%

2.1.2 New User Profile

  • Core data: There were a total of 72,838 new active users on ETH yesterday, with a daily decrease of 7.63%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 1
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 2
  • Key Projects:

Tether (Token) — According to official data from Curve, the proportion of USDT in 3pool has reached 74.35% today, showing slight depegging. In response, Tether CTO Paolo Ardoino stated on Twitter that market sentiment is easily exploited and they are ready to redeem any amount of funds.

BOTB (NFT) — A Buccaneers of the Blockchain NFT project, in collaboration with the official website of American Veterans. The NFTs are categorized into human, cyborg, or machine, and the project’s minting price is set at 0.1 ETH, with no transactions in the secondary market.

2.1.3 Existing User Profile

  • Core data: The number of ETH active existing users is 361,917, with a daily increase of 15.31%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 3
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 4
  • Key Projects:

Binance US (DApp) — Binance.US has agreed to a settlement with the SEC to avoid a total asset freeze on the cryptocurrency trading platform. In response to the SEC’s asset freeze request, Binance proposed a compromise, which includes transferring the crypto assets of American clients to new wallets with new private keys. These private keys will be solely controlled by Binance.US.

Companions (NFT) — Land NFTs of an open metaverse platform, allowing for 3D modeling. Currently, there are 5,000 NFTs in total, with a total trading volume of 119 ETH, and 2201 holders, indicating a certain level of activity. https://opensea.io/collection/cornerstone-companions

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 5

RAPTOR (Token) — A memecoin with the “Raptor Jesus” concept. It has shown a very strong performance since its launch three days ago. Today, the project leveraged a tweet from Elon Musk featuring an image of a raptor, resulting in another surge in its price and a new record high. The current market cap of the token is US$8.35 million, with a 24-hour trading volume of US$14 million, and 2407 token holders. https://www.dextools.io/app/en/ether/pair-explorer/0x50d1e7f2acfb7f3e0aafba2b1e63666b80eb08ea

REVIVE (Token) — A memecoin themed around the concept of “Revival”. Today, it surged to previous high levels, with a current market cap of $1.18 million and a 24-hour trading volume of $8.82 million. The token has a high turnover rate, and there are 1,154 holding addresses. https://www.dextools.io/app/en/ether/pair-explorer/0xcbf35a6130ee786bd0fe955f0f36a22f59bfbd4c

2.2.2 Uniswap V3

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 6

PEPE (Token) — As the broader market further declines, the new leading meme PEPE has hit a new low recently. The on-chain trading volume has also significantly decreased to around US$10 million. It’s hard to form a consensus around memes in a bear market.

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

  • Total active users on BSC: 1,419,474
  • New active users on BSC: 190,380, with a daily increase of 25.25%
  • Existing active users on BSC: 1,229,094, with a daily increase of 6.13%

3.1.2 New User Profile

  • Core data: There were a total of 190,380 new active users on BSC yesterday, with a daily increase of 25.25%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 7
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 8
  • Key Projects:

FTC (Token) — A memecoin that emerged on BSC in the past two days, with a liquidity pool of US$22 million. The project has CX attributes and has attracted a substantial amount of capital from outside the crypto circle. The current market cap is US$344.6 billion, with a 24-hour trading volume of US$40.5 million, and 28,000 holders.

3.1.3 Existing User Profile

  • Core data: The number of BSC active existing users is 1,229,094, with a daily increase of 6.13%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 9
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 10
  • Key Projects:

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. The Building NFT free multi-chain mint promotion is now open for a limited time. The building, created by artist Amber Vittoria, can be minted for free on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism for a limited time of 48 hours.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 11

FTC (Token) — A memecoin that emerged on BSC in the past two days, with a liquidity pool of US$22 million. The project has CX attributes and has attracted a substantial amount of capital from outside the crypto circle. The current market cap is US$344.6 billion, with a 24-hour trading volume of US$40.5 million, and 28,000 holders.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

  • Total active users on Polygon: 533,455
  • New active users on Polygon: 98,608, with a daily decrease of 0.84%
  • Existing active users on Polygon: 434,847, with a daily increase of 14.77%

4.1.2 New User Profile

  • Core data: There were a total of 98,608 new active users on Polygon yesterday, with a daily decrease of 0.84%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 12
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 13
  • Key Projects:

Socket (DApp) — A multichain application, Socket’s primary offering is the Bungee Cross-Chain Aggregator. It has recently completed its hackathon event, SocketSurge Wave, where the top four developers, based on points, have been awarded their respective NFTs. The project has not issued its token, but there is anticipation around a potential airdrop. With impressive user experience, project users may want to monitor closely.

4.1.3 Existing User Profile

  • Core Data: The number of Polygon active existing users is 434,847, with a daily increase of 14.77%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 14
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 15
  • Key Projects:

Arc8 by GAMEE (DApp) — A mini-game platform by GAMEE. The official Twitter account announced that the brand-new Arc8 is launched, featuring new games, aesthetics, and competitive modes. On June 14, it announced the launch of the “Galaxy Season”, which updated the gameplay, introduced new important features, and improved the UI, resulting in an increase in user attention. Gaming projects on the Matic chain rank highly in terms of activity during the bear market.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 16

90% of Uniswap V3’s trading volume on Polygon is contributed by mainstream token trading pairs.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

  • Arbitrum Active Users: 195,110
  • Arbitrum New Active Users: 36,149, with a daily decrease of 3.87%
  • Arbitrum Existing Active Users: 158,961, with a daily increase of 3.22%

5.1.2 New User Profile

  • Core data: There were a total of 36,149 new active users on Arbitrum yesterday, with a daily decrease of 3.87%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 17
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 18
  • Key Projects:

Arbid (DApp) — Space id’s .arb domain name launched on Arbitrum. The mainnet was launched and the recent increase in registration volume is notable. This month, over ten projects including Defiedge and Bounce Finance, have integrated the domain, indicating significant popularity.

5.1.3 Existing User Profile

  • Core data: The number of Arbitrum active existing users is 158,961, with a daily increase of 3.22%
  • Popular Sectors
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 19
  • Popular Projects
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 20
  • Key Projects:

Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. Currently, there are more than 6 contracts related to LayerZero on Arbitrum, making it the protocol with the highest level of interaction on Arbitrum. The recent daily transfer count exceeds 400,000, which is an increase from last week and is at a historical high.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 21

ARB (Token) — MXC, the first L3 chain on Arbitrum, will launch its mainnet in early July. This chain uses MXC as its gas fee and is currently undergoing testnet interaction. MXC is being built on Arbitrum as an IoT expansion solution. It has provided increased IoT usability for South Korean and New York governments and aims to become the next Ethereum in the IoT space, supporting the issuance of sensor tokens and real-world NFTs. Arbitrum remains the most active chain in terms of ecosystem expansion among Ethereum’s Layer 2 solutions. The price of ARB has hit a new low with the recent market downturn.

6.DApp Ecosystem — All Chains

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 22

TinyTap (DApp) — 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). Recently, it has been jointly promoting Publisher NFT with OpenCampus. Users can create their own educational channels on the platform to obtain Publisher NFT and earn income through the platform.

7.DApp Ecosystem — ETH Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 23

OpenSea (DApp) — Recently, the NFT market’s trading volume has remained stable. On June 13, OpenSea had a trading volume of 2337 ETH, and OpenSea Pro had 317 ETH. The overall trading volume has shrunk quite a bit compared to Blur, indicating a decrease in user interest in NFT trading.

8.DApp Ecosystem — BSC Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 24

Trade Signal (DApp) — A provider of cryptocurrency trade signals and gambling games. It offers the latest news, analysis, and overview of the crypto market, occasionally introducing high-potential, high-risk shitcoins. There is a referral program, where one can earn a 10% registration fee from the smart contract by referring a new user. Additionally, their gambling product awards 1 BNB to a lucky winner every day.

9.DApp Ecosystem — Polygon Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 25

Arc8 by GAMEE (DApp) — A mini-game platform by GAMEE. The official Twitter account announced that the brand-new Arc8 is launched, featuring new games, aesthetics, and competitive modes. On June 14, it announced the launch of the “Galaxy Season”, which updated the gameplay, introduced new important features, and improved the UI, resulting in an increase in user attention.

10.DApp Ecosystem — WAX Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 26

Nfthive — The base number is too small, and the UAW growth is not significant. The UAW of other projects is within the normal fluctuation range.

11.DApp Ecosystem — Solana Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 27

Orca (DApp) — A decentralized exchange built on Solana. It launched a new product on May 5 and has been running promotions frequently. However, the overall UWA data is low. Its future development is highly linked with the Solana ecosystem.

12.DApp Ecosystem — Arbitrum Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 28

Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$63.66 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$1.792 million.

13.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 29

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

14.Gas Fee Consumption — ETH Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 30

Jump Trading (Other) — According to 0xScope Protocol, cryptocurrency market maker Jump Trading transferred 112,000 ETH (US$185 million) from its custodial address to a new address today. In the past five days, a total of 1.33 million ETH (approximately US$2.2 billion) has been transferred out of the custodial addresses. The market speculates that this move is related to the drop in ETH’s price yesterday. It is recommended to continue monitoring the situation.

Mint.fun Turns One (NFT) — The famous top NFT issuance platform, Mint.fun has turned one. The NFTs in this series were issued to commemorate Mint.fun’s first birthday. The level of community participation is high, but the trading activity is relatively low. https://opensea.io/collection/mint-fun-turns-one-1

15.Gas Fee Consumption — BSC Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 31

Building (NFT) — This multi-chain NFT is a collaboration between artist Amber Vittoria, and Holograph, with free mint available on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism. Currently, 138,000 NFTs have been minted. https://opensea.io/collection/building-30

16.Gas Fee Consumption — Polygon Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 32

TulipArt (NFT) — The project team is conducting an NFT airdrop in the community. The NFT display allows users to claim LAND tokens on the relevant website, attracting users to interact with the platform. The project’s NFT creation is relatively basic, and the potential returns from interaction are expected to be low. There may also be security risks. It is not recommended to interact with this platform.

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. Holograph comprises three initial products: Bridge, Core, and Mint. The bridge allows NFTs to transfer between EVM blockchains.

17.Gas Fee Consumption — Arbitrum Chain

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 33

Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. Most users continue to interact in anticipation of Layerzero’s future token issuance opportunity. Stargate continues to rank highly in terms of daily activity on Arbitrum.

18.Twitter Trends Token Top 20

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 34

TWT (Token) — TrustWallet is primarily engaged in on-chain wallet services. The company has recently been engaged in frequent operational activities, and its CEO, Eowyn Chen, will be discussing Trust Wallet’s product updates and security features in a Twitter AMA today, generating a significant level of interest. The token performed well yesterday, with a 12% price increase in the last 24 hours and a total market trading volume of $82.78 million. https://www.bitget.com/en/spot/TWTUSDT?type=spot

19.Google Trends — Global

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 35
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 36

FOMC (Event) — The Federal Reserve announced at the end of a two-day interest rate meeting that it will maintain the federal funds target interest rate range between 5% and 5.25%. This marks the first pause in rate hikes after 10 consecutive increases by the Federal Reserve. However, the Federal Reserve still expects borrowing costs to rise by half a percentage point before the end of the year. This suggests that the authorities may increase rates twice more before the end of the year, each time by 0.25%. Hawkish remarks have led to a significant pullback in blue-chip assets.

Bitcoin (Token) — The price of BTC started declining following the announcement of the Federal Reserve’s interest rate decision yesterday. The Fed’s decision to pause rate hikes in June but hint at two more rate hikes later in the year was more hawkish than expected. The increased uncertainty regarding macro monetary policy has added pressure to the medium-term uptrend. Bitcoin’s price has fallen by 3.66% in the last 24 hours and is fluctuating around US$25.000.

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

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 37
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 38

a) South Asia Region

India Trending Tokens: BTC, USDB

Pakistan Trending Keywords: ETH, Airdrop, Coinbase

b) Southeast Asia Region

Indonesia Trending Tokens: WOT

Malaysia Trending Keywords: coinbase, kraken

Vietnam Trending Keywords: CMC, Crypto Wallet

Philippines Trending Keywords: Crypto Wallet, CGC, CMC, Crypto Bubbles

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

Trending Keywords: Crypto, Crypto News

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

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 39
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 40

a) CIS Region

Trending Keywords: Airdrop, Sushiswap, Dune, Crypto Wallet

b) English-speaking Countries

Australia Trending Keywords: Casper, ETH, CMC, ADA, Etoro, AXS

USA Trending Tokens: Haru

UK Trending Tokens: NEO, ACH

Canada Trending Tokens: Uni, BTC, Casper, ANKR

c) Europe

Spain Trending Tokens: Luna, Ergo, Solana, ADA, RUNE

France Trending Tokens: Shib, BTC, AGIX, ARB, ETH

Germany Trending Tokens: BTC, 1INCH

Italy Trending Tokens: ETH, ARN, AGIX

Poland Trending Tokens: HEX, XEN

Switzerland Trending Tokens: SHIB, BNB, BTC

Turkey Trending Keywords: Coinpayu, Crypto AI, Altin

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

Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 41
Bitget Research: Crypto Market Continues to Decline, CRV Faces Major Liquidation Risk image 42

a) Africa

Trending Tokens and Keywords: TGE, Trust Crypto, BTC Wallet, FOMC

b) Middle East

Trending Tokens: BNB, CMC

c) Latin America

Brazil Trending Keywords: XRP, LINK, AAVE, BOMB, DOGE

Chile Trending Keywords: Crypto Market

Mexico Trending Tokens: XRP

References

1. Dune Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

2. Dune Dashboard - Gas Fee Consumption: https://dune.com/bitgetresearch/gas-overview