Bitget Research: BlackRock Refiles for Bitcoin Spot ETF Stimulates Crypto Market Rally, POW Tokens Such as BCH and LTC Experience Pullback

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:

VMPX (BRC-20 Token) — eVMPX (ERC-20 VMPX) can be minted for free at https://getvmpx.com/ starting July 5 at 1:25 (UTC+8). Users only need to pay the gas fee to acquire eVMPX. VMPX acts as a bridging token between the BTC chain and the ETH chain. In addition, burning eVMPX can yield XN tokens from the X1 chain, which will be launched later by the XEN project.

PENDLE (Token) — Pendle’s TVL has steadily increased month by month since the start of this year, going from US$15 million at the beginning of the year to over US$120 million currently. Binance is bullish on the LSDFi sector and announced the listing of PENDLE yesterday. Following the announcement, the price of PENDLE surged before experiencing a significant drop.

PEPE 2.0 (Token) — The popular memecoin PEPE and PEPE 2.0 have bounced back, but the hype surrounding memes is far less intense than before. Bitget was the first centralized exchange to list PEPE 2.0.

BEAN (Token) — A token issued by AzukiDAO. Formed by large community stakeholders and members, Azukidao has voted to sue Azuki’s founder, Zagabond, aiming to reclaim a refund of 20,000 ETH. As reported by MetaSleuth, AzukiDao’s governance token contract BEAN has been attacked due to a loophole in the contract. So far, two attackers have profited 35 ETH by exploiting this loophole. Currently, BEAN has 5242 holders.

wooo (Token) — Wooo, a memecoin with significant popularity in the Chinese-speaking region, is rumored to have a close relationship with the Pogai project. The NFT issued by the project has 1507 holders, with a floor price of 0.03 ETH. According to information shared by the project, 60% of wooo tokens are divided among NFT holders. The token had an on- XCNUSDT">chain trading volume of US$1.95 million in the past 24 hours, with a total of 2734 transactions.

2.Popular NFTs:

wooonen (NFT) — An NFT with significant popularity in the Chinese-speaking region. The project has launched the memecoin $WOOO, and its NFT currently has 1507 holders, with a floor price of 0.03 ETH. According to information shared by the project, 60% of $WOOO tokens are divided among NFT holders.

Zerion DNA (NFT) — Zerion DNA is an innovative generative NFT that evolves and changes based on users’ exploration of Web3. Wallet activity will shape the appearance of the NFT, reflecting the user’s real Web3 journey. This means that Zerion DNA will change over time, depending on factors such as gas consumption, asset holdings, supported networks, and more. https://opensea.io/collection/zerion-dna-onepointo

3.Popular DApps:

Lens Protocol (DApp) — Lens Protocol, a Web3 social network protocol, published the LIP-4 proposal on July 2. The proposal suggests introducing a Profile Guardian security layer, providing additional security for Lens Protocol profiles and helping users safeguard against online phishing scams.

Blur, BendDAO (DApp) — The negative events surrounding Azuki have had a significant negative impact on the blue-chip NFT market, leading to substantial dumping and floor-sweeping by both whales and retail investors. The TVL of BendDAO has significantly decreased, with a large number of NFTs being liquidated or withdrawn.

LayerSwap (DApp) — A cross-chain protocol that bridges tokens from centralized exchange accounts directly to a blockchain at a low cost. It already supports a large number of centralized exchanges and many mainstream blockchains.

WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. Since June, it has had numerous collaborations with DeFi projects in the Arbitrum ecosystem. WOO tokens can now be staked across seven chains, gradually gaining increasing importance in the LayerZero ecosystem.

MakerDAO (DApp) — The MakerDAO Risk Core Unit team recently published a proposal titled “Introduction of Smart Burn Engine and Initial Parameters” in the community. The nominal survey phase has ended with 100% support, and the next step will be waiting for the execution vote. The Smart Burn Engine is a new type of smart contract system designed to allocate excess Dai from the Surplus Buffer that Maker has not used as an emergency reserve. MakerDAO plans to set the vault limit to 50 million DAI, with the surplus used to buy MKR and add liquidity.

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 promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a ‘Watch to Earn’ feature, aimed at enabling users around the world to enjoy quality and free content. Upon entering the Playbux metaverse platform, users can go to the ‘iQIYI Building’ to access shows and movies provided by iQIYI that are part of the ‘Watch to Earn’ feature. After reaching a certain viewing duration, they can participate in a lottery to win NFTs, BUSD, and other rewards.

TinyWorld (DApp) — A GameFi project on the BSC, known as $TINC, recently had its Official Launch on zkSync just two days ago. Towards the end of June, TinyWorld conducted three rounds of mysterious rune presale events on zkSync, all of which sold out within a minute. In early July, they commenced the closed beta testing for “Tiny Dungeons,” organized the TinyWorldBNB Chain Carnival event, and made preparations for the official launch of zkSync.

4.Twitter Hot Topics:

XVG (Token) — Verge (XVG) is an open-sourced cryptocurrency based on Bitcoin technology, launched on October 9, 2014. It was first introduced as DogeCoinDark. It had great success in 2013, but it was later exposed that it had vulnerabilities in protecting user privacy, making users prone to data tracking during transactions, which posed challenges to its development. It was later renamed Verge in 2016. XVG has experienced a swift and considerable rise, surging over 362% in just 8 days. It has recently begun to decline.

PENDLE (Token) — Pendle Finance is a yield-trading protocol deployed on Ethereum and Arbitrum. It enables users to buy assets at a discount, go long or short on yield rates, and make low-risk investments with fixed income. Binance has announced the listing of a new Launchpool project, Pendle (PENDLE). Users can stake BNB and TUSD in the PENDLE mining pool on the Launchpad website starting at 08:00 (UTC+8) on July 4, 2023, to receive PENDLE rewards. PENDLE will be available for mining for a total of 25 days.

5.Regional Trending Searches:

CELO (Token) — Celo is a decentralized social payment protocol that combines blockchain technology with traditional payment methods to establish simpler payment methods and a more stable currency fluctuation system. It has gained popularity due to a swift and considerable price increase, with a 32.6% rise over 7 days. Its 24-hour trading volume has increased by 56.5%, with a daily trading volume of US$210 million. Based on open interest, Celo has reached a new high for the year.

Main Body

Written by: Bitget Research

Data collection time: July 4, 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

VMPX (BRC-20 Token) — eVMPX (ERC-20 VMPX) can be minted for free at https://getvmpx.com/ starting July 5 at 1:25 (UTC+8). Users only need to pay the gas fee to acquire eVMPX. VMPX acts as a bridging token between the BTC chain and the ETH chain. In addition, burning eVMPX can yield XN tokens from the X1 chain, which will be launched later by the XEN project.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

• Total active users of ETH: 406,412
• New active users of ETH: 83,152, with a daily decrease of 2.25%
• Existing active users of ETH: 323,260, with a daily increase of 16.33%

2.1.2 New User Profile

• Core data: There were a total of 83,152 new active users on ETH yesterday, with a daily decrease of 2.25%
• Popular Sectors

• Popular Projects

BEAN (Token) — A token issued by AzukiDAO. Formed by large community stakeholders and members, Azukidao has voted to sue Azuki’s founder, Zagabond, aiming to reclaim a refund of 20,000 ETH. As reported by MetaSleuth, AzukiDao’s governance token contract BEAN has been attacked due to a loophole in the contract. So far, two attackers have profited 35 ETH by exploiting this loophole. Currently, BEAN has 5242 holders. https://coinmarketcap.com/currencies/azukidao/

Zerion DNA (NFT) — Zerion DNA is an innovative generative NFT that evolves and changes based on users’ exploration of Web3. Wallet activity will shape the appearance of the NFT, reflecting the user’s real Web3 journey. This means that Zerion DNA will change over time, depending on factors such as gas consumption, asset holdings, supported networks, and more. https://opensea.io/collection/zerion-dna-onepointo

2.1.3 Existing User Profile

• Core data: The number of ETH active existing users is 323,260, with a daily increase of 16.33%
• Popular Sectors

• Popular Projects

wooonen (NFT) — An NFT with significant popularity in the Chinese-speaking region. The project has launched the memecoin $WOOO, and its NFT currently has 1507 holders, with a floor price of 0.03 ETH. According to information shared by the project, 60% of $WOOO tokens are divided among NFT holders. https://opensea.io/collection/wooonen

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PEPE 2.0 (Token) — The popular memecoin PEPE and PEPE 2.0 have bounced back, but the hype surrounding memes is far less intense than before. Bitget was the first centralized exchange to list PEPE 2.0. https://www.bitget.com/en/spot/PEPE2USDT_SPBL?type=spot

2.2.2 Uniswap V3

wooo (Token) — Wooo, a memecoin with significant popularity in the Chinese-speaking region, is rumored to have a close relationship with the Pogai project. The NFT issued by the project has 1507 holders, with a floor price of 0.03 ETH. According to information shared by the project, 60% of wooo tokens are divided among NFT holders. The token had an on-chain trading volume of US$1.95 million in the past 24 hours, with a total of 2734 transactions. https://www.dextools.io/app/en/ether/pair-explorer/0xadfb8ef7859604b9627927f38f930f2180138e3b

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

• Total active users on BSC: 1,327,883
• New active users on BSC: 201,155, with a daily increase of 19.72%
• Existing active users on BSC: 1,126,728, with a daily increase of 4.37%

3.1.2 New User Profile

• Core data: There were a total of 201,155 new active users on BSC yesterday, with a daily increase of 19.72%
• Popular Sectors

• Popular Projects

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 promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a ‘Watch to Earn’ feature, aimed at enabling users around the world to enjoy quality and free content. Upon entering the Playbux metaverse platform, users can go to the ‘iQIYI Building’ to access shows and movies provided by iQIYI that are part of the ‘Watch to Earn’ feature. After reaching a certain viewing duration, they can participate in a lottery to win NFTs, BUSD, and other rewards.

TinyWorld (DApp) — A GameFi project on the BSC, known as $TINC, recently had its Official Launch on zkSync just two days ago. Towards the end of June, TinyWorld conducted three rounds of mysterious rune presale events on zkSync, all of which sold out within a minute. In early July, they commenced the closed beta testing for “Tiny Dungeons,” organized the TinyWorldBNB Chain Carnival event, and made preparations for the official launch of zkSync.

3.1.3 Existing User Profile

• Core data: The number of BSC active existing users is 1,126,728, with a daily increase of 4.37%
• Popular Sectors

• Popular Projects

FTC (Token) — FTC is suspected to be a circle of schemes project, adopting a co-market maker model where users add LP to join in market-making. It has an on-chain liquidity of US$54.78 million and a 24-hour trading volume of US$7.94 million. The price maintains high-level oscillation.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

FTC has been explained in the section above.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

• Total active users on Polygon: 407,008
• New active users on Polygon: 79,242, with a daily decrease of 16.64%
• Existing active users on Polygon: 327,766, with a daily increase of 4.41%

4.1.2 New User Profile

• Core data: There were a total of 79,242 new active users on Polygon yesterday, with a daily decrease of 16.64%
• Popular Sectors

• Popular Projects

MakerDAO (DApp) — The MakerDAO Risk Core Unit team recently published a proposal titled “Introduction of Smart Burn Engine and Initial Parameters” in the community. The nominal survey phase has ended with 100% support, and the next step will be waiting for the execution vote. The Smart Burn Engine is a new type of smart contract system designed to allocate excess Dai from the Surplus Buffer that Maker has not used as an emergency reserve. MakerDAO plans to set the vault limit to 50 million DAI, with the surplus used to buy MKR and add liquidity.

4.1.3 Existing User Profile

• Core Data: The number of Polygon active existing users is 327,766, with a daily increase of 4.41%
• Popular Sectors

• Popular Projects

Lens Protocol (DApp) — Lens Protocol, a Web3 social network protocol, published the LIP-4 proposal on July 2. The proposal suggests introducing a Profile Guardian security layer, providing additional security for Lens Protocol profiles and helping users safeguard against online phishing scams.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

agEUR (Token) — Behind agEUR is the Angle Protocol, a capital-efficient, decentralized, over-collateralized stablecoin protocol. (Previously, on June 4, the Stargate vote passed the proposal to “add support for Circle’s Euro stablecoin EUROC”).

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

• Arbitrum Active Users: 189,308
• Arbitrum New Active Users: 29,931, with a daily decrease of 9.60%
• Arbitrum Existing Active Users: 159,377, with a daily increase of 11.89%

5.1.2 New User Profile

• Core data: There were a total of 29,931 new active users on Arbitrum yesterday, with a daily decrease of 9.60%
• Popular Sectors

• Popular Projects

LayerSwap (DApp) — A cross-chain protocol that bridges tokens from centralized exchange accounts directly to a blockchain at a low cost. It already supports a large number of centralized exchanges and many mainstream blockchains.https://www.layerswap.io/

5.1.3 Existing User Profile

• Core data: The number of Arbitrum active existing users is 159,377, with a daily increase of 11.89%
• Popular Sectors

• Popular Projects

WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. Since June, it has had numerous collaborations with DeFi projects in the Arbitrum ecosystem. WOO tokens can now be staked across seven chains, gradually gaining increasing importance in the LayerZero ecosystem.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) — Pendle’s TVL has steadily increased month by month since the start of this year, going from US$15 million at the beginning of the year to over US$120 million currently. Binance is bullish on the LSDFi sector and announced the listing of PENDLE yesterday. Following the announcement, the price of PENDLE surged before experiencing a significant drop.

6.DApp Ecosystem — All Chains

WOOFi (DApp) was explained earlier in the report.

Meta Merge (Dapp) — Meta Merge, a lightweight casual mobile game incubated by the metaverse gaming platform Ultiverse, made it into the top four in trading volume on the Element Market within three days.

7.DApp Ecosystem — ETH Chain

Blur, BendDAO (DApp) — The negative events surrounding Azuki have had a significant negative impact on the blue-chip NFT market, leading to substantial dumping and floor-sweeping by both whales and retail investors. The TVL of BendDAO has significantly decreased, with a large number of NFTs being liquidated or withdrawn.

8.DApp Ecosystem — BSC Chain

Playbux, Meta Merge, and Tiny World were explained earlier in the report.

9.DApp Ecosystem — Polygon Chain

Element Market (Dapp) — Element Market is an aggregated trading platform for NFTs, integrating NFT trading marketplaces such as OpenSea and LooksRare. It currently does not charge commissions on NFT trades on the platform. In addition, its contract can provide users with lower gas fees, reducing transaction costs for users.

10.DApp Ecosystem — WAX Chain

UAW of WAX projects fluctuates within the normal range, with no significant changes.

11.DApp Ecosystem — Solana Chain

Chingari (DApp) — Chingari, and GARI Network are leading short video applications and Web3 social networks. The smart currency incentives earned by content creators and consumers exist in the form of cryptocurrency, namely GARI tokens. Similar to other social networks, Chingari app users contribute by posting or participating in content, such as liking, sharing comments, following, being followed, and rewarding their favorite creators, among others.

12.DApp Ecosystem — Arbitrum Chain

WOOFi was explained earlier in the report.

13.DApp Ecosystem — GameFi Sector Across All Chains

Meta Merge was explained earlier in the report.

14.Gas Fee Consumption — ETH Chain

Seaport (DApp) — The recent BAYC sell-off by whales, and the release of AZUKI Element has drained 20,000 ETH in liquidity from the NFT market. The similarity of images caused FUD in the community, resulting in a 40% plunge in the floor price of AZUKI, pushing the NFT market into a deeper liquidity crisis. The trading volume on NFT platforms halved rapidly after the large volume led by Azuki in the past two days. Currently, BAYC has fallen to 30 ETH, while Azuki’s price has seen a rebound, now reported at 6.72 ETH.

15.Gas Fee Consumption — BSC Chain

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, various contracts using the LayerZero infrastructure have taken up nearly half of the gas consumption chart on the Arbitrum chain, including Stargate, Woo, and NFTs on Holograph.

16.Gas Fee Consumption — Polygon Chain

BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain.

17.Gas Fee Consumption — Arbitrum Chain

LBRouter (DApp) — TraderJoe’s liquidity book router. It has not experienced any significant changes in trading volume.

18.Twitter Trends Token Top 20

XVG (Token) — Verge (XVG) is an open-sourced cryptocurrency based on Bitcoin technology, launched on October 9, 2014. It was first introduced as DogeCoinDark. It had great success in 2013, but it was later exposed that it had vulnerabilities in protecting user privacy, making users prone to data tracking during transactions, which posed challenges to its development. It was later renamed Verge in 2016. XVG has experienced a swift and considerable rise, surging over 362% in just 8 days. It has recently begun to decline.

PENDLE (Token) — Pendle Finance is a yield-trading protocol deployed on Ethereum and Arbitrum. It enables users to buy assets at a discount, go long or short on yield rates, and make low-risk investments with fixed income. Binance has announced the listing of a new Launchpool project, Pendle (PENDLE). Users can stake BNB and TUSD in the PENDLE mining pool on the Launchpad website starting at 08:00 (UTC+8) on July 4, 2023, to receive PENDLE rewards. PENDLE will be available for mining for a total of 25 days.

19.Google Trends — Global

CELO (Token) — Celo is a decentralized social payment protocol that combines blockchain technology with traditional payment methods to establish simpler payment methods and a more stable currency fluctuation system. It has gained popularity due to a swift and considerable price increase, with a 32.6% rise over 7 days. Its 24-hour trading volume has increased by 56.5%, with a daily trading volume of US$210 million. Based on open interest, Celo has reached a new high for the year.

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

a) South Asia Region

India Trending Tokens: sol, xvg, pendle, celo;

Trending Keywords: brave browser, cryoto batter com call history

Pakistan Trending Keywords: bitget, is crypto halal

b) Southeast Asia Region

Malaysia Trending Tokens: None

Philippines Trending Tokens: xvg

Vietnam Trending Keywords: airdrop crypto, tradingview

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

Trending Keywords: ivs crypto, crypto in Chinese

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

a) CIS Region

Trending Keywords: crypto bubbles, dune crypto, crypto box, crypto crew

b) English-speaking Countries

Australia Trending Tokens: xvg, aidoge, inj, eth

USA Trending Tokens: pendle, guard, hex

Canada Trending Tokens: pendle, xvg, doge, btc

UK Trending Tokens: mkr, ach, btc, xvg, vet, mina

c) Europe

Spain Trending Tokens: gq, vra, xvg, cro, shib

Poland Trending Tokens: luna, pepe

Germany Trending Tokens: qnt, kyc;

Trending Keywords: infinity crypto, bit crypto leaders, 21shares crypto basket

Switzerland Trending Tokens: shib, polygon

Turkey Trending Keywords: investing crypto, commerzbank share, crypto ramco twitter

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

a) Africa

Nigeria Trending Tokens: pepe, polygon, gala

South Africa Trending Keywords: tradingview, berry crypto trading platform login, coinmarketcap

b) Middle East

Trending Keywords: coinmarketcap, microstrategy stock, best crypto to invest

c) Latin America

Brazil Trending Tokens: stx, btc, bomber

Mexico Trending Tokens: shib

Argentina Trending Tokens: pepe, gala, ltc, polygon

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