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- Bitget Research: BASE Ecosystem Thrives, Starknet TVL Experiences Rebound
Bitget Research: BASE Ecosystem Thrives, Starknet TVL Experiences Rebound
Bitget Research
2023/08/28
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:
WHEE (Token) - A BRC-20
memecoin. Twitter influencer @markjeffrey, with 53,500 followers, has repeatedly recommended and bought the token. It has a trading volume of US$21,000. It recently launched the first batch of EVM cross-chain bridges, Multibit Bridge, which supports ORDI, OXBT, and WHEE cross-chain operations, resulting in a significant increase in popularity.
PEPE (Token) - Last weekend, the PEPE team's multi-signature address transferred 16 trillion PEPE tokens (equivalent to approximately $15.08 million) to four centralized exchanges. The team sell-off triggered a significant drop in the token's value, causing Pepe to briefly plummet. After a week of correction, Pepe entered a flat volatility range, providing an opportunity for contract speculation in the short term.
SHIA (Token) - The project founder, Carlos, is the founder and CEO of the renowned esports club, G2 Esports. G2 has a significant impact on the industry, and Carlos himself also has a strong influence. The project will soon release a series of remade Sega classic games, such as Temple Run, Candy Crush, Fruit Ninja, and Pac-Man, all of which will feature SHIBA characters and include PE gameplay. The token's on-chain liquidity is US$4.32 million, with a 24-hour trading volume of US$20.98 million.
OP (Token) - With the upcoming Cancun upgrade, the competition in Layer 2 is becoming more intense. 24.16 million OP tokens (approximately US$35.03 million), accounting for 3.37% of the circulating supply, will be unlocked on August 30 at 12:00. The unlocking plan caused OP tokens to decline, but from a medium and long-term perspective, this decline offers a good opportunity to open a spot position.
PNDC (Token) - A memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on- XCNUSDT">
chain trading volume reaching US$1.2 million and 685 transactions recorded within the same period.
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$19.8 million and a 24-hour trading volume of US$4.9 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 584,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended.
agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USD depegging.
PENDLE (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance, resulting in a positive performance for the token. Benefiting from the development of the LSD sector, the project's fundamentals continue to improve. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
XEN Torrent (Token) - Recently, XEN's founder Jack Levin tweeted that the return of XenGPT has brought in an overwhelming number of users, leading to some issues. However, they assured users that they would swiftly increase capacity. Alongside the announcement, Jack Levin also tweeted a call to action: "When $XEN has a surprise pump." As a result, the price of XEN surged but quickly retraced thereafter. On Polygon, top gas-consuming applications have long been occupied by XEN-related contracts.
2.Popular NFTs:
MUA Boarding Pass (NFT) - MUA has introduced a series of NFTs for Free Mint, starting from August 15th. The project has a collaboration with Hashkey Exchange and mainly functions as a DID for passage in the metaverse platform. These NFTs allow users to upgrade their passes and participate in various incentive activities. The community's engagement has been promising, warranting continued attention.
Pandra (NFT) - NFTs issued by Polyhedra Network, engaging in Pandra series NFTs cross-chain interactions might lead to future project benefits. Currently, you can interact with zkBridge and LayerZero simultaneously, and the NFT's interaction data has been boosted by speculative token drop enthusiasts.
Citi Bike Race (NFT) - Citi Bank's shared bicycle project in New York. You can Mint a bicycle NFT on the official website to participate in competition activities. Users only need to scan a code to Mint a bicycle; the rarer the NFT, the longer the kilometers counted. The settlement is done in the last 10 days of each month, and the top 5 participants with the highest scores can receive cash rewards. The NFT is worth continuous attention.
ClashMon Mystery BOX (NFT) - Opening the magical box rewards users with 3 vouchers, a common Clashmon, a rare equipment item, and 20 Torch Tokens. These items hold significance in the ClashMon world, making this project particularly engaging. Given the community's enthusiasm, it's advised to maintain ongoing interest in this initiative.
3.Popular DApps:
Starknet Bridge (DApp) - Starknet Bridge is frequently used for cross-chain fund transfers. The ecosystem TVL has rebounded by over 45.26% in the last 7 days, currently at US$143 million. Previously, the Starknet TVL decreased by 51% from US$203 million (the highest point on August 16) to below US$100 million on August 22.
Zora (DApp) - Zora is a significant NFT release and a commemorative NFT Free Mint platform within the NFT market. The project has assisted numerous project owners and influencers with NFT releases and has a certain reputation within the community. The NFT designs are quite exquisite and have caught the attention of many artists. Recently, it promoted an NFT series with 77,777 items and Jully Jelly's modern art NFTs on Twitter. The creativity level of the promoted projects is very high, making it an essential platform to stay updated on.
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. It has recently launched a promotion called "Walk2Win" in partnership with Nike. Users can earn exclusive rewards just by walking. It is essential to keep an eye on this DApp.
Meta Force (DApp) - This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and "Registration" taking place. The project operates on an invitation-only basis where the inviter receives a purchase reward from the invitee, which carries the characteristics of pyramid selling (MLM). Participation is not recommended.
Lens Protocol (DApp) - A renowned Web3 social application on Polygon. It is set to launch a DApp with the "Friends Token" concept based on the decentralized social protocol Farcaster and the Web3 social network protocol Lens Protocol. Similar to Friend.tech, this feature will enable users to directly buy and trade shares of content creators and their posts within the social DApp. Additionally, users can also trade shares of the actual content itself. The project has a favorable position, making it an essential one to stay updated on.
Layerswap (DApp) - This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.
LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different
blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data.
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. Iskra was recently deployed on the Base chain, attracting users' attention. The project's operational direction is quite ideal, and there may be good customer acquisition opportunities in the future. It is essential to stay updated on this project.
DexView (DApp) - A one-stop DEX token trading and market sentiment website, with 3029 members on Telegram (150+ online). Recently, the market sentiment for speculative memecoins is good, which may lead to an increase in the number of users for such websites, making it essential to stay updated on this project.
SimpleFX (DApp) - A website dedicated to fore x trading. The project claims that there are no fees for trading and staking and no minimum deposit requirements. Users can trade stocks, cryptocurrencies, foreign currencies, metals, commodities, and indices on the platform.
XCAD Network (DApp) - A Watch2Earn project that acts as a competitor to YouTube, helping creators earn profits through tokens. Users can also earn token rewards by watching their favorite creators. The project token has performed well since July this year, but it is currently experiencing a downward trend which is related to the overall low liquidity in the
crypto market. The project has a solid foundation and is worth continuous attention.
Planet IX (DApp) - A Web3 NFT-based GameFi game that is currently one of the most popular games on Polygon. It consistently tops the Polygon ecosystem rankings and has a highly active user base.
IndiGG (DApp) - IndiGG is one of the large gaming Dao organizations, dedicated to onboarding players into the Web3 world. The project has recently conducted a joint marketing promotion with 5TARS and Tontachi, which received a moderate response from the community. The project is in the development phase and may perform well in the future, making it an essential one to follow.
Radiant (DApp) - A multi-chain lending and asset management protocol. The project boasts a strong background, having secured an investment of US$10 million from Binance, and is one of the LayerZero ecosystem projects. The total market cap of the project's token is only US$289 million, indicating significant potential for growth. By participating in dLP and locking up funds, investors can anticipate an annualized lending profit of around 50%. The product upgrade was recently completed, incorporating certain features of Graph, which implies that the data will become more secure and trustworthy.
Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. Recently, Stargate announced its integration with the ConsenSys Layer 2 network Linea, enabling users to execute cross-chain asset transactions between networks supported by Stargate.
CoinTool (DApp) - A blockchain tool for batch minting XEN. Given the currently low gas fees on Polygon, there remains a minor profit margin from operations. CoinTool consistently ranks at the top of the Polygon network's consumption leaderboard. The relatively low cost of minting XEN has spurred enthusiasm for batch minting XEN on the chain.
LI.FI (DApp) - Li.Fi is a middleware within the DeFi ecosystem that manages all the liquidity via API. It aids DEX project teams in aggregation, cross-chain functionality, data storage, and secure routing. The project is backed by notable investors like Dragonfly, Coinbase, and Circle, and is supported by renowned crypto OGs such as AC and David Ryan.
Friendtech (DApp) - In the past 24 hours, the friend.tech protocol generated only US$215,000 in protocol fees, an 87% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.
4.Twitter Hot Topics:
PEPE (Token) - Last week, the founder of Not Larva Labs Jeremy Cahen (X account username: PAULY) exposed on the X platform that the real founder of PEPE is American landscape photographer Zachary Testa, who has a criminal record and used PEPE earnings to buy a sports car, and sold PEPE on multiple CEXs. However, there are still users who continue buying PEPE. Today, a user with the address "ethyltryptamine.eth" spent 27 ETH to buy 50 billion PEPE, currently holding 2 trillion PEPE in the address.
OP (Token) - This week, OP had $34 million worth of tokens unlocked. After a short-term surge to $1.62, the price of OP started to decline. With the upcoming Cancun upgrade, it is advisable to pay close attention to OP if it experiences a significant drop.
5.Regional Trending Searches:
Bitcoin (Token) - At 2 AM on September 21, the Federal Reserve will make a decision on interest rate hike. Currently, there is an 80% probability that the interest rate will remain in the 5.25-5.5% range and a 20% probability of a 25 basis points hike. The market generally expects the current interest rate to be maintained in September. On August 10, Daly from the Federal Reserve indicated that the FED is committed to returning the inflation rate to the 2% target, and discussions on rate cuts are expected in 2024. If the current CPI decline rate continues, it is estimated that a rate cut period may occur between May and July of next year. The market has been sluggish recently, with BTC mainly consolidating narrowly around US$26,000. A trend reversal may occur after the interest rate decision is decided in September.
Main Body
Written by: Bitget Research
Data collection time: August 28, 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
WHEE (Token) - A BRC-20 memecoin. Twitter influencer @markjeffrey, with 53,500 followers, has repeatedly recommended and bought the token. It has a trading volume of US$21,000. It recently launched the first batch of EVM cross-chain bridges, Multibit Bridge, which supports ORDI, OXBT, and WHEE cross-chain operations, resulting in a significant increase in popularity.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 361,834
New active users of ETH: 68,984, with a daily decrease of 14.55%
Existing active users of ETH: 292,850, with a daily decrease of 11.41%
2.1.2 New User Profile
Core data: There were a total of 68,984 new active users on ETH yesterday, with a daily decrease of 14.55%
Popular Sectors
Popular Projects
Key Projects:
Zora (DApp) - Zora is a significant NFT release and a commemorative NFT Free Mint platform within the NFT market. The project has assisted numerous project owners and influencers with NFT releases and has a certain reputation within the community. The NFT designs are quite exquisite and have caught the attention of many artists. Recently, it promoted an NFT series with 77,777 items and Jully Jelly's modern art NFTs on Twitter. The creativity level of the promoted projects is very high, making it an essential platform to stay updated on.
Starknet Bridge (DApp) - Starknet Bridge is frequently used for cross-chain fund transfers. The ecosystem TVL has rebounded by over 45.26% in the last 7 days, currently at US$143 million. Previously, the Starknet TVL decreased by 51% from US$203 million (the highest point on August 16) to below US$100 million on August 22.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 292,850, with a daily decrease of 11.41%
Popular Sectors
Popular Projects
Key Projects:
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
PEPE (Token) - Last weekend, the PEPE team's multi-signature address transferred 16 trillion PEPE tokens (equivalent to approximately $15.08 million) to four centralized exchanges. The team sell-off triggered a significant drop in the token's value, causing Pepe to briefly plummet. After a week of correction, Pepe entered a flat volatility range, providing an opportunity for contract speculation in the short term. https://www.bitget.com/futures/usdt/ PEPEUSDT
SHIA (Token) - The project founder, Carlos, is the founder and CEO of the renowned esports club, G2 Esports. G2 has a significant impact on the industry, and Carlos himself also has a strong influence. The project will soon release a series of remade Sega classic games, such as Temple Run, Candy Crush, Fruit Ninja, and Pac-Man, all of which will feature SHIBA characters and include PE gameplay. The token's on-chain liquidity is US$4.32 million, with a 24-hour trading volume of US$20.98 million.
2.2.2 Uniswap V3
OP (Token) - With the upcoming Cancun upgrade, the competition in Layer 2 is becoming more intense. 24.16 million OP tokens (approximately US$35.03 million), accounting for 3.37% of the circulating supply, will be unlocked on August 30 at 12:00. The unlocking plan caused OP tokens to decline, but from a medium and long-term perspective, this decline offers a good opportunity to open a spot position.
PNDC (Token) - A memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on-chain trading volume reaching US$1.2 million and 685 transactions recorded within the same period.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 875,717
New active users on BSC: 121,003, with a daily decrease of 5.02%
Existing active users on BSC: 754,714, with a daily decrease of 7.37%
3.1.2 New User Profile
Core data: There were a total of 121,003 new active users on BSC yesterday, with a daily decrease of 5.02%
Popular Sectors
Popular Projects
Key Projects:
MUA Boarding Pass (NFT) - MUA has introduced a series of NFTs for Free Mint, starting from August 15th. The project has a collaboration with Hashkey Exchange and mainly functions as a DID for passage in the metaverse platform. These NFTs allow users to upgrade their passes and participate in various incentive activities. The community's engagement has been promising, warranting continued attention. https://medium.com/@muadao/mua-boarding-pass-freemint-open-soon-your-ticket-to-unlock-the-interoperability-of-metaverse-148b45f66675
Pandra (NFT) - NFTs issued by Polyhedra Network, engaging in Pandra series NFTs cross-chain interactions might lead to future project benefits. Currently, you can interact with zkBridge and LayerZero simultaneously, and the NFT's interaction data has been boosted by speculative token drop enthusiasts.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 754,714, with a daily decrease of 7.37%
Popular Sectors
Popular Projects
Key Projects:
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. It has recently launched a promotion called "Walk2Win" in partnership with Nike. Users can earn exclusive rewards just by walking. It is essential to keep an eye on this DApp.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$19.8 million and a 24-hour trading volume of US$4.9 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 584,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended. https://dexscreener.com/bsc/0xadad973f8920bc511d94aade2762284f621f1467
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 319,574
New active users on Polygon: 65,941, with a daily decrease of 15.83%
Existing active users on Polygon: 253,633, with a daily decrease of 0.40%
4.1.2 New User Profile
Core data: There were a total of 65,941 new active users on Polygon yesterday, with a daily decrease of 15.83%
Popular Sectors
Popular Projects
Key Projects:
Meta Force (DApp) - This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and "Registration" taking place. The project operates on an invitation-only basis where the inviter receives a purchase reward from the invitee, which carries the characteristics of pyramid selling (MLM). Participation is not recommended.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 253,633, with a daily decrease of 0.40%
Popular Sectors
Popular Projects
Key Projects:
Lens Protocol (DApp) - A renowned Web3 social application on Polygon. It is set to launch a DApp with the "Friends Token" concept based on the decentralized social protocol Farcaster and the Web3 social network protocol Lens Protocol. Similar to Friend.tech, this feature will enable users to directly buy and trade shares of content creators and their posts within the social DApp. Additionally, users can also trade shares of the actual content itself. The project has a favorable position, making it an essential one to stay updated on.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USD depegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 137,644
Arbitrum New Active Users: 25,250, with a daily decrease of 16.65%
Arbitrum Existing Active Users: 112,394, with a daily decrease of 7.12%
5.1.2 New User Profile
Core data: There were a total of 25,250 new active users on Arbitrum yesterday, with a daily decrease of 16.65%
Popular Sectors
Popular Projects
Key Projects:
Layerswap (DApp) - This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 112,394, with a daily decrease of 7.12%
Popular Sectors
Popular Projects
Key Projects:
LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different
blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
PENDLE (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance, resulting in a positive performance for the token. Benefiting from the development of the LSD sector, the project's fundamentals continue to improve. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Base Active Users: 89,202
Base New Active Users: 20,470, with a daily increase of 9.00%
Base Existing Active Users: 68,732, with a daily increase of 3.68%
6.1.2 New User Profile
Core data: There were a total of 20,470 new active users on Base yesterday, with a daily increase of 9.00%
Popular Sectors
Popular Projects
Key Projects:
Citi Bike Race (NFT) - Citi Bank's shared bicycle project in New York. You can Mint a bicycle NFT on the official website to participate in competition activities. Users only need to scan a code to Mint a bicycle; the rarer the NFT, the longer the kilometers counted. The settlement is done in the last 10 days of each month, and the top 5 participants with the highest scores can receive cash rewards. The NFT is worth continuous attention. https://citibike.xyz/
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 68,732, with a daily increase of 3.68%
Popular Sectors
Popular Projects
Key Projects:
ClashMon Mystery BOX (NFT) - Opening the magical box rewards users with 3 vouchers, a common Clashmon, a rare equipment item, and 20 Torch Tokens. These items hold significance in the ClashMon world, making this project particularly engaging. Given the community's enthusiasm, it's advised to maintain ongoing interest in this initiative. https://opensea.io/collection/clashmon-mystery-box
7. DApp Ecosystem - All Chains
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. Iskra was recently deployed on the Base chain, attracting users' attention. The project's operational direction is quite ideal, and there may be good customer acquisition opportunities in the future. It is essential to stay updated on this project.
8.DApp Ecosystem - ETH Chain
DexView (DApp) - A one-stop DEX token trading and market sentiment website, with 3029 members on Telegram (150+ online). Recently, the market sentiment for speculative memecoins is good, which may lead to an increase in the number of users for such websites, making it essential to stay updated on this project.
SimpleFX (DApp) - A website dedicated to forex trading. The project claims that there are no fees for trading and staking and no minimum deposit requirements. Users can trade stocks, cryptocurrencies, foreign currencies, metals, commodities, and indices on the platform.
9.DApp Ecosystem - BSC Chain
XCAD Network (DApp) - A Watch2Earn project that acts as a competitor to YouTube, helping creators earn profits through tokens. Users can also earn token rewards by watching their favorite creators. The project token has performed well since July this year, but it is currently experiencing a downward trend which is related to the overall low liquidity in the crypto market. The project has a solid foundation and is worth continuous attention.
10.DApp Ecosystem - Polygon Chain
Planet IX (DApp) - A Web3 NFT-based GameFi game that is currently one of the most popular games on Polygon. It consistently tops the Polygon ecosystem rankings and has a highly active user base.
IndiGG (DApp) - IndiGG is one of the large gaming Dao organizations, dedicated to onboarding players into the Web3 world. The project has recently conducted a joint marketing promotion with 5TARS and Tontachi, which received a moderate response from the community. The project is in the development phase and may perform well in the future, making it an essential one to follow.
11.DApp Ecosystem - WAX Chain
WAX ecosystem has average popularity, with a noticeable effect from leading projects.
12.DApp Ecosystem - Solana Chain
Solana ecosystem shows no noticeable changes and has relatively low popularity.
13.DApp Ecosystem - Arbitrum Chain
Radiant (DApp) - A multi-chain lending and asset management protocol. The project boasts a strong background, having secured an investment of US$10 million from Binance, and is one of the LayerZero ecosystem projects. The total market cap of the project's token is only US$289 million, indicating significant potential for growth. By participating in dLP and locking up funds, investors can anticipate an annualized lending profit of around 50%. The product upgrade was recently completed, incorporating certain features of Graph, which implies that the data will become more secure and trustworthy.
14.DApp Ecosystem - Base Chain
Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. Recently, Stargate announced its integration with the ConsenSys Layer 2 network Linea, enabling users to execute cross-chain asset transactions between networks supported by Stargate.
15.DApp Ecosystem - GameFi Sector Across All Chains
Projects with significant UAW changes like Planet IX and Iskra have been described earlier in the report. The PlayEmber project is deployed on Near, and the ecosystem's popularity is average.
16.Gas Fee Consumption - ETH Chain
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
17.Gas Fee Consumption - BSC Chain
CoinTool (DApp) - A blockchain tool for batch minting XEN. Given the currently low gas fees on Polygon, there remains a minor profit margin from operations. CoinTool consistently ranks at the top of the Polygon network's consumption leaderboard. The relatively low cost of minting XEN has spurred enthusiasm for batch minting XEN on the chain.
18.Gas Fee Consumption - Polygon Chain
XEN Torrent (Token) - Recently, XEN's founder Jack Levin tweeted that the return of XenGPT has brought in an overwhelming number of users, leading to some issues. However, they assured users that they would swiftly increase capacity. Alongside the announcement, Jack Levin also tweeted a call to action: "When $XEN has a surprise pump." As a result, the price of XEN surged but quickly retraced thereafter. On Polygon, top gas-consuming applications have long been occupied by XEN-related contracts.
19.Gas Fee Consumption - Arbitrum Chain
LI.FI (DApp) - Li.Fi is a middleware within the DeFi ecosystem that manages all the liquidity via API. It aids DEX project teams in aggregation, cross-chain functionality, data storage, and secure routing. The project is backed by notable investors like Dragonfly, Coinbase, and Circle, and is supported by renowned crypto OGs such as AC and David Ryan.
20.Gas Fee Consumption - Base Chain
Friendtech (DApp) - In the past 24 hours, the friend.tech protocol generated only US$215,000 in protocol fees, an 87% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.
21.Twitter Trends Token Top Rank
PEPE (Token) - Last week, the founder of Not Larva Labs Jeremy Cahen (X account username: PAULY) exposed on the X platform that the real founder of PEPE is American landscape photographer Zachary Testa, who has a criminal record and used PEPE earnings to buy a sports car, and sold PEPE on multiple CEXs. However, there are still users who continue buying PEPE. Today, a user with the address "ethyltryptamine.eth" spent 27 ETH to buy 50 billion PEPE, currently holding 2 trillion PEPE in the address.
OP (Token) - This week, OP had $34 million worth of tokens unlocked. After a short-term surge to $1.62, the price of OP started to decline. With the upcoming Cancun upgrade, it is advisable to pay close attention to OP if it experiences a significant drop.
22.Google Trends - Global
Bitcoin (Token) - At 2 AM on September 21, the Federal Reserve will make a decision on interest rate hike. Currently, there is an 80% probability that the interest rate will remain in the 5.25-5.5% range and a 20% probability of a 25 basis points hike. The market generally expects the current interest rate to be maintained in September. On August 10, Daly from the Federal Reserve indicated that the FED is committed to returning the inflation rate to the 2% target, and discussions on rate cuts are expected in 2024. If the current CPI decline rate continues, it is estimated that a rate cut period may occur between May and July of next year. The market has been sluggish recently, with BTC mainly consolidating narrowly around US$26,000. A trend reversal may occur after the interest rate decision is decided in September.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: BTC, PIE, PEPE
Pakistan Trending Keywords: Top
Crypto exchanges , Crypto box code binance, Crypto profit calculator
b) Southeast Asia Region
Vietnam Trending Keywords: What is Crypto
Thailand Trending Keywords: Crypto tab, Crypto Ronin, Crypto bubbles, Crypto news
Philippines Trending Keywords: Crypto Bubbles, Best Crypto to invest 2023
c) East Asia and Hong Kong, Macau, and Taiwan
Japan Trending Keywords: Crypto meaningl
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trending Keywords: Crypto Wallet, Crypto Bubbles, Arkham
b) English-speaking Countries
Canada Trending Tokens: BTC, MATIC, DOGE, MOON
USA Trending Keywords: ICX, QNT, WINR, TRIAS
Australia Trending Tokens: AVAX, TRB, CSPR, LINA
UK Trending Tokens: DYDX, OMI, XEN, ETH, RIO
c) Europe
Spain Trending Tokens: SHIB, CHIA, IOTA, DOT, IOTX
Germany Trending Keywords: Xrp Course, Create Crypto wallet, Kraken, Hardware wallet crypto
France Trending Tokens: PXP, AKASH, UCO, TRB, ACRO
Italy Trending Tokens: LUNA, CHRONOS, BONE, ARKM, ETH
Turkey Trending Tokens and Keywords: Crypto fuucet, Crypto news, Crypto bubbles, Fire faucet
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trending Keywords: Best Crypto wallet in nigeria, Crypto News today, Elon musk Crypto, Crypto bubbles
South Africa Trending Keywords:
Bitcoin Price usd, Crypto market cap
b) Middle East Trending Keywords: Crypto News, Crypto Bubbles
c) Latin America
Brazil Trending Tokens: TRX, Nucoin, BTC, SHIB, MATIC
Argentina Trending Keywords: Crypto market
Mexico Trending Tokens: BTC
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
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