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Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board

Bitget Research
2023/07/14
Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board
the past 24 hours, there have been many new popular tokens and topics emerging in the d1ca0b0e-431e-4dee-9676-0e905e938fdb, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

FRAM (Token) — Recently, the FRAM token consistently ranks first in on- XCNUSDT">chain trading volume, reaching a daily trading volume of US$2.19 million. One distinctive aspect of this BRC20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two of them exhibiting obvious wash trading behavior. The current market cap is US$230 million; the number of holders is 909 holders, showing a significant increase compared to the previous days.

WOLF (Token) — A token with the Pepe Universe series concept. It has a liquidity pool of US$245,800 and a 24-hour trading volume of US$5.93 million. The current price still maintains an upward trend compared to the opening price. It has over 1460 holders, and the contract has been renounced by the owner, indicating a lower risk level. It is essential to stay updated on WOLF.

POWR (Token) — Power Ledger (POWR) is an Australian blockchain-based cryptocurrency and energy trading platform that allows distributed sale and purchase of renewable energy. It has a liquidity pool of US$1.46 million and a 24-hour trading volume of US$3.5 million. The curren t price still maintains an upward trend compared to the opening price. It has 53,751 holders, with no apparent risks in the contract. Today, it experienced a 37.57% surge.

RWT (Token) — Rumored to be a pyramid scheme token locally promoted by hopingclub. The token has skyrocketed, with a current market cap reaching up to US$56 billion and the number of holders exceeding 393,000. The tokens are overly concentrated, with the top 6 addresses respectively holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99% of the tokens. The token price is strongly controlled by the pyramid scheme party.

BOB (Token) — BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them privately and securely. Currently, the token is stable at a 1:1 exchange rate with USDC.

AFFI (Token) — This project claims to enable transparent and efficient digital advertising through AI algorithms and Web3 products. It recently launched an airdrop promotion, with a total distribution of 40,000,000 tokens, and each address can receive 150 tokens.

agEUR (Token) — Decentralized stablecoin protocol Angle Protocol has launched a new proposal in the community, suggesting the launch of a new Transmuter module and replacing the collateral reserve of the protocol. Transmuter is a new minting module designed for agEUR, aimed at enhancing the system’s resilience to black swan events and reducing reliance on hedging mechanisms. The proposal also suggests changing the collateral reserve that supports agEUR (including USDC, DAI, and FRAX) to EUROC and bC3M.

2.Popular NFTs:

Pandra: CodeConqueror (NFT) — Pandra is a cross-chain NFT series built on LayerZero using zk Light Client. The NFT series is primarily on the BNB chain, with pandas as the main characters. They wear different outfits on different chains, with the profession determined by the birth chain. Different Pandras can be collected to summon the Pandra King.

3.Popular DApps:

ChangeNOW Exchange (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.

stake.com (DApp) — A sports betting and various gambling game websites, with game content including baccarat, blackjack, slots, and roulette, among others. It garners a substantial amount of traffic, with SimilarWeb data indicating 22 million visits. The platform mainly accepts major cryptocurrencies including BTC, ETH, LTC, BCH, XRP, and TRON.

Tiny Tap (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). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.

Project Galaxy (DApp) — A well-known on-chain task platform. Recently, they are preparing to host community AMAs with several project teams, including Syscoin, Dtravel, Collab.land, and more. In terms of product development, the project has introduced a newsletter subscription service to keep users updated on the latest news about Galxe product development.

Zed Run (DApp) — A horse racing game that has already launched, with 66,400 followers on Twitter and 167,000 monthly visits according to Similarweb. The majority of visitors are from the United States (48.63%) and the United Kingdom (25.44%). The game is very popular within its community.

Holograph (DApp) — A multi-chain NFT protocol. Holograph’s solution allows NFTs to be transferred seamlessly between blockchains without the need for wrapping, and LayerZero serves as the cross-chain message delivery solution for Holograph.

Iskra (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The platform is currently conducting the IGO promotion for World of Win. The engagement data on the relevant promotion tweets shows that the volume of interested users is relatively low.

MetaOne (DApp) — MetaOne is a platform that combines Web2 and Web3 games, providing gamers, guilds, and retail investors with a unique opportunity to share profits in Web2 and Web3 game asset/NFT trading. The main promotion lately is the Ocean X Tournament Second Qualifier, which takes place today.

PHI (DApp) — A social task platform based on ENS and on-chain/off-chain wallet activity, providing a visualization of on-chain identity. Currently, it is holding a joint promotion with Gitcoin, with new stamps being launched on Gitcoin.

Castles the NFT Game (DApp) — Castles NFT Game is a blockchain-based game that focuses on synthesis gameplay. Players can construct and synthesize lands to earn msource rewards, and they can customize their own castles through various in-game activities. The game has been live on the WAX blockchain for over a year and is currently running a rolling prize pool event, with rewards being distributed as of yesterday.

MeanFi (DApp) — A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX, among others. 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.

GMX (DApp) — According to Crypto Fees data, in the past seven days, the daily average trading fee for the decentralized derivative protocol GMX was US$243,627, exceeding the daily average trading fee of US$152,863 for the Layer 2 protocol Arbitrum. With the general market uptrend today and improved trading activities, some traders have returned, generating a significant level of user interest in GMX.

Uniswap (DApp) — The DeFi risk management tool Gauntlet has announced that it will launch a liquidity mining incentive program on July 15 Eastern US Time, with the first round of the promotion lasting 2 weeks. This promotion is co-planned by the Uniswap Foundation, Angle Protocol, and Gauntlet. A total of 49,000 UNI tokens will be distributed to several liquidity pools including stETH/ETH, LDO/ETH, SYN/ETH, DAI/USDT, FXS/ETH, PENDLE/ETH, ILV/ETH, and ETH/VEGA within the next two weeks.

Coinbase (DApp) — Coinbase’s L2 network, Base, has announced the opening of its mainnet to developers. In the coming weeks, Base will invite early developers to deploy on the Base mainnet and will commemorate the event with Genesis Builder NFTs. In early August, the Base will be opened to all users in conjunction with this event. Due to the fact that the OP Stack, the underlying layer used by Base, has no token issuance plan, OP has risen 12% in the past 24 hours following this news.

Pancakeswap v2 (DApp) — Pancakeswap V2 is currently the contract consuming the most gas on the BSC, outperforming Pancakeswap V3. Looking at trading volume data, V3’s daily trading volume reached US$164 million, while V2’s daily trading volume was US$42 million. This demonstrates that V3 has shown superior efficiency in trading compared to V2. However, in terms of daily user activity, V2 remains the main platform for various memecoins, with a higher frequency of usage.

Galxe (DApp) — A famous on-chain task platform. It is currently preparing to host community AMAs with several projects, including Syscoin, Dtravel, Collab.land, among others. In terms of product, the project has developed a newsletter subscription service related to the project, enabling users to get the latest news about Galxe’s product development promptly.

Vertex (DApp) — Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures.

GNS Trading (DApp) — During the market surge yesterday, Gains Network achieved a 24-hour trading volume of US$180 million. Among the top ten open positions on the platform, aside from BTC, ETH, ARB, and BNB, the rest are all forex gold trading pairs. The platform’s comprehensive trading services are being widely used. Furthermore, due to potential cyclical fluctuations caused by current USD policies, fore x trading volume has increased.

4.Twitter Hot Topics:

XRP (Token) — Last night, Ripple claimed a victory in the U.S. District Court for the Southern District of New York, with Judge Analisa Torres ruling XRP is not a security in SEC’s case. According to the court’s ruling, the use of XRP to invest in others, to issue grants, and to transfer funds to executives are not considered securities. At the same time, Coinbase has directly relisted the XRP trading pair. Following this news, XRP surged by more than 100% at its peak, with a network-wide trading volume of US$13.6 billion, half of that of BTC’s trading volume.

MATIC (Token) — As part of the Polygon 2.0 roadmap, Ethereum’s scaling solution Polygon has proposed a technical upgrade for its native MATIC token. While awaiting community approval, MATIC will be converted to Polygon (POL), a token designed to run across all Polygon protocols, including Proof of Stake (PoS), zkEVM, and the Supernet. MATIC has experienced an 18% increase in the past 24 hours, rebounding by more than 50% from its low point.

5.Regional Trending Searches:

XRP (Token) — As mentioned earlier in the report, Ripple claimed a victory in the U.S. District Court for the Southern District of New York. Judge Analisa Torres ruled that XRP is not a security in SEC’s case, leading XRP to surge by 100%.

Celsius (Token) — The U.S. Securities and Exchange Commission filed a lawsuit against Celsius Network and its former CEO, Alex Mashinsky, in Manhattan Federal Court on Thursday. The lawsuit alleges that they deceived Celsius customers and personally profited from manipulating the price of Celsius’s proprietary token, CEL. The U.S. Federal Trade Commission (FTC) has banned Celsius from trading and imposed a fine of US$4.7 billion. Celsius and its subsidiaries have agreed to the judgment.

Main Body

Written by: Bitget Research

Data collection time: July 14, 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: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 0

FRAM (Token) — Recently, the FRAM token consistently ranks first in on-chain trading volume, reaching a daily trading volume of US$2.19 million. One distinctive aspect of this BRC20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two of them exhibiting obvious wash trading behavior. The current market cap is US$230 million; the number of holders is 909 holders, showing a significant increase compared to the previous days.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 416,808

New active users of ETH: 89,664, with a daily increase of 5.28%

Existing active users of ETH: 327,144, with a daily increase of 6.31%

2.1.2 New User Profile

Core data: There were a total of 89,664 new active users on ETH yesterday, with a daily increase of 5.28%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 1

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 2

Key Projects:

ChangeNOW Exchange (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 327,144, with a daily increase of 6.31%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 3

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 4

Key Projects:

stake.com (DApp) — A sports betting and various gambling game website, with game content including baccarat, blackjack, slots, and roulette, among others. It garners a substantial amount of traffic, with SimilarWeb data indicating 22 million visits. The platform mainly accepts major cryptocurrencies including BTC, ETH, LTC, BCH, XRP, and TRON.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 5

WOLF (Token) — A token with Pepe Universe series concept. It has a liquidity pool of US$245,800 and a 24-hour trading volume of US$5.93 million. The current price still maintains an upward trend compared to the opening price. It has over 1460 holders, and the contract has been renounced by the owner, indicating a lower risk level. It is essential to stay updated on WOLF.

2.2.2 Uniswap V3

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 6

POWR (Token) — Power Ledger (POWR) is an Australian blockchain-based cryptocurrency and energy trading platform that allows distributed sale and purchase of renewable energy. It has a liquidity pool of US$1.46 million and a 24-hour trading volume of US$3.5 million. The current price still maintains an upward trend compared to the opening price. It has 53,751 holders, with no apparent risks in the contract. Today, it experienced a 37.57% surge.

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,494,829

New active users on BSC: 171,365, with a daily decrease of 7.79%

Existing active users on BSC: 1,323,464, with a daily increase of 0.68%

3.1.2 New User Profile

Core data: There were a total of 171,365 new active users on BSC yesterday, with a daily decrease of 7.79%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 7

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 8

Key Projects:

Tiny Tap (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). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,323,464, with a daily increase of 0.68%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 9

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 10

Key Projects:

Pandra: CodeConqueror (NFT) — Pandra is a cross-chain NFT series built on LayerZero using zk Light Client. The NFT series is primarily on the BNB chain, with pandas as the main characters. They wear different outfits on different chains, with the profession determined by the birth chain. Different Pandras can be collected to summon the Pandra King.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 11

RWT (Token) — Rumored to be a pyramid scheme token locally promoted by hopingclub. The token has skyrocketed, with a current market cap reaching up to US$56 billion and the number of holders exceeding 393,000. The tokens are overly concentrated, with the top 6 addresses respectively holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99% of the tokens. The token price is strongly controlled by the pyramid scheme party.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 494,279

New active users on Polygon: 101,991, with a daily increase of 15.44%

Existing active users on Polygon: 392,288, with a daily increase of 3.15%

4.1.2 New User Profile

Core data: There were a total of 101,991 new active users on Polygon yesterday, with a daily increase of 15.44%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 12

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 13

Key Projects:

Project Galaxy (DApp) — A well-known on-chain task platform. Recently, they are preparing to host community AMAs with several project teams, including Syscoin, Dtravel, Collab.land, and more. In terms of product development, the project has introduced a newsletter subscription service to keep users updated on the latest news about Galxe product development.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 392,288, with a daily increase of 3.15%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 14

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 15

Key Projects:

Zed Run (DApp) — A horse racing game that has already launched, with 66,400 followers on Twitter and 167,000 monthly visits according to Similarweb. The majority of visitors are from the United States (48.63%) and the United Kingdom (25.44%). The game is very popular within its community.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 16

BOB (Token) — BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them privately and securely. Currently, the token is stable at a 1:1 exchange rate with USDC.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 184,675

Arbitrum New Active Users: 30,027, with a daily decrease of 7.09%

Arbitrum Existing Active Users: 154,648, with a daily increase of 0.50%

5.1.2 New User Profile

Core data: There were a total of 30,027 new active users on Arbitrum yesterday, with a daily decrease of 7.09%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 17

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 18

Key Projects:

AFFI (Token) — This project claims to enable transparent and efficient digital advertising through AI algorithms and Web3 products. It recently launched an airdrop promotion, with a total distribution of 40,000,000 tokens, and each address can receive 150 tokens.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 154,648, with a daily increase of 0.50%

Popular Sectors

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 19

Popular Projects

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 20

Key Projects:

Holograph (DApp) — A multi-chain NFT protocol. Holograph’s solution allows NFTs to be transferred seamlessly between blockchains without the need for wrapping, and LayerZero serves as the cross-chain message delivery solution for Holograph.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 21

agEUR (Token) — Decentralized stablecoin protocol Angle Protocol has launched a new proposal in the community, suggesting the launch of a new Transmuter module and replacing the collateral reserve of the protocol. Transmuter is a new minting module designed for agEUR, aimed at enhancing the system’s resilience to black swan events and reducing reliance on hedging mechanisms. The proposal also suggests changing the collateral reserve that supports agEUR (including USDC, DAI, and FRAX) to EUROC and bC3M.

6.DApp Ecosystem — All Chains

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 22

Iskra (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The platform is currently conducting the IGO promotion for World of Win. The engagement data on the relevant promotion tweets shows that the volume of interested users is relatively low.

7.DApp Ecosystem — ETH Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 23

The UAW fluctuations for all projects are within the normal range.

8.DApp Ecosystem — BSC Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 24

MetaOne (DApp) — MetaOne is a platform that combines Web2 and Web3 games, providing gamers, guilds, and retail investors with a unique opportunity to share profits in Web2 and Web3 game asset/NFT trading. The main promotion lately is the Ocean X Tournament Second Qualifier, which takes place today.

9.DApp Ecosystem — Polygon Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 25

PHI (DApp) — A social task platform based on ENS and on-chain/off-chain wallet activity, providing a visualization of on-chain identity. Currently, it is holding a joint promotion with Gitcoin, with new stamps being launched on Gitcoin.

10.DApp Ecosystem — WAX Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 26

Castles the NFT Game (DApp) — Castles NFT Game is a blockchain-based game that focuses on synthesis gameplay. Players can construct and synthesize lands to earn msource rewards, and they can customize their own castles through various in-game activities. The game has been live on the WAX blockchain for over a year and is currently running a rolling prize pool event, with rewards being distributed as of yesterday.

11.DApp Ecosystem — Solana Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 27

MeanFi (DApp) — A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX, among others. 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

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 28

GMX (DApp) — According to Crypto Fees data, in the past seven days, the daily average trading fee for the decentralized derivative protocol GMX was US$243,627, exceeding the daily average trading fee of US$152,863 for the Layer 2 protocol Arbitrum. With the general market uptrend today and improved trading activities, some traders have returned, generating a significant level of user interest in GMX.

13.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 29

Iskra was described earlier in the report. The UAW fluctuations for other projects are within the normal range.

14.Gas Fee Consumption — ETH Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 30

Uniswap (DApp) — The DeFi risk management tool Gauntlet has announced that it will launch a liquidity mining incentive program on July 15 Eastern US Time, with the first round of the promotion lasting 2 weeks. This promotion is co-planned by the Uniswap Foundation, Angle Protocol, and Gauntlet. A total of 49,000 UNI tokens will be distributed to several liquidity pools including stETH/ETH, LDO/ETH, SYN/ETH, D AI/USDT, FXS/ETH, PENDLE/ETH, ILV/ETH, and ETH/VEGA within the next two weeks.

Coinbase (DApp) — Coinbase’s L2 network, Base, has announced the opening of its mainnet to developers. In the coming weeks, Base will invite early developers to deploy on the Base mainnet and will commemorate the event with Genesis Builder NFTs. In early August, the Base will be opened to all users in conjunction with this event. Due to the fact that the OP Stack, the underlying layer used by Base, has no token issuance plan, OP has risen 12% in the past 24 hours following this news.

15.Gas Fee Consumption — BSC Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 31

Pancakeswap v2 (DApp) — Pancakeswap V2 is currently the contract consuming the most gas on the BSC, outperforming Pancakeswap V3. Looking at trading volume data, V3’s daily trading volume reached US$164 million, while V2’s daily trading volume was US$42 million. This demonstrates that V3 has shown superior efficiency in trading compared to V2. However, in terms of daily user activity, V2 remains the main platform for various memecoins, with a higher frequency of usage.

16.Gas Fee Consumption — Polygon Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 32

Galxe (DApp) — A famous on-chain task platform. It is currently preparing to host community AMAs with several projects, including Syscoin, Dtravel, Collab.land, among others. In terms of product, the project has developed a newsletter subscription service related to the project, enabling users to get the latest news about Galxe’s product development promptly.

17.Gas Fee Consumption — Arbitrum Chain

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 33

Vertex (DApp) — Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures.

GNS Trading (DApp) — During the market surge yesterday, Gains Network achieved a 24-hour trading volume of US$180 million. Among the top ten open positions on the platform, aside from BTC, ETH, ARB, and BNB, the rest are all forex gold trading pairs. The platform’s comprehensive trading services are being widely used. Furthermore, due to potential cyclical fluctuations caused by current USD policies, forex trading volume has increased.

18.Twitter Trends Token Top 20

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 34

XRP (Token) — Last night, Ripple claimed a victory in the U.S. District Court for the Southern District of New York, with Judge Analisa Torres ruling XRP is not a security in SEC’s case. According to the court’s ruling, the use of XRP to invest in others, to issue grants, and to transfer funds to executives are not considered securities. At the same time, Coinbase has directly relisted the XRP trading pair. Following this news, XRP surged by more than 100% at its peak, with a network-wide trading volume of US$13.6 billion, half of that of BTC’s trading volume.

MATIC (Token) — As part of the Polygon 2.0 roadmap, Ethereum’s scaling solution Polygon has proposed a technical upgrade for its native MATIC token. While awaiting community approval, MATIC will be converted to Polygon (POL), a token designed to run across all Polygon protocols, including Proof of Stake (PoS), zkEVM, and the Supernet. MATIC has experienced an 18% increase in the past 24 hours, rebounding by more than 50% from its low point.

19.Google Trends — Global

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 35

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 36

XRP (Token) — As mentioned earlier in the report, Ripple claimed a victory in the U.S. District Court for the Southern District of New York. Judge Analisa Torres ruled that XRP is not a security in SEC’s case, leading XRP to surge by 100%.

Celsius (Token) — The U.S. Securities and Exchange Commission filed a lawsuit against Celsius Network and its former CEO, Alex Mashinsky, in Manhattan Federal Court on Thursday. The lawsuit alleges that they deceived Celsius customers and personally profited from manipulating the price of Celsius’s proprietary token, CEL. The U.S. Federal Trade Commission (FTC) has banned Celsius from trading and imposed a fine of US$4.7 billion. Celsius and its subsidiaries have agreed to the judgment.

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

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 37

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 38

a) South Asia Region

India: No trending searches

Pakistan Trending Tokens: BTC, XRP, Celsius

b) Southeast Asia Region

Malaysia Trending Tokens: XRP

Philippines Trending Tokens: XRP, SOL

Indonesia Trending Tokens: XRP, MATIC

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

Trending Keywords: Crypto Bubble, Crypto News

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

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 39

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 40

a) CIS Region

Trending Keywords: Crypto Bubbles, Arkham, Dune, Crypto news

b) English-speaking Countries

Australia Trending Tokens: ETH, BTC, XLM

USA Trending Tokens: XRP, Celsius, Pancake

Canada Trending Tokens: Stellar, XRP, Celsius

UK Trending Tokens: XRP, GMX, XLM, ADA

c) Europe

Spain Trending Tokens: ALU, XLM, DOT, Celsius, NEAR

Germany Trending Tokens: BTC, XRP

France Trending Tokens: BTC, FTM, XRP, HNT, SAITAMA

Switzerland Trending Tokens: MATIC, XRP

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

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 41

Bitget Research: US Judge Rules XRP is Not a Security, Crypto Market Surges Across the Board image 42

a) Africa

Nigeria Trending Keywords: Crypto bubbles, Coingecko, Crypto news, whales

South Africa Trending Tokens: XRP, DOGECOIN

b) Middle East

Trending Tokens: XRP, ETH, Celsius, PEPE, BTC

c) Latin America

Brazil Trending Tokens: XRP, Celsius

Mexico Trending Tokens: XRP, SOL

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