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Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility

Bitget Research
2023/09/07
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility
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:

M4573RCH (Token) - LOVE 2.0 has restarted, and the founder of LOVE, @M4573RCH, conducted a "Send 0 eth to 0x34806CBBa5698F9CA9F4AA4700348e56FE3ceB34" coin distribution event on Twitter. This event garnered 770,000 views and 11,000 comments, indicating high levels of engagement.
YAMA (Token) - A meme project launched only two days ago. It has seen 3729 interactions in a single day, while the number of holders has risen from 0 to 1980. The 24-hour trading volume is US$2.87 million, with 7210 transactions. The token has garnered high interest, and it has been listed on Bitget.
DORKL (Token) - On September 6th, Pepe creator @Matt_Furie changed his profile picture to a black-hooded PEPE, named DORK LORD, with the PEPE Father concept. The related tweet garnered a staggering 270,000 views, with numerous influencers retweeting it. The $DORKL token was created 20 minutes after this tweet was posted. It has an on-chain liquidity of US$315,000 and a 24-hour trading volume of US$20.45 million. The contract has issues such as modifiable transaction taxes, transaction cooldown, and potential blacklist and whitelist mechanisms. The contract has been renounced. The token is available for trading on Bitget.
PRIME (Token) - Parallel is a sci-fi trading card game (TCG) that uses NFTs, enabling players to own their cards and other game assets. The project is backed by the Paradigm investment team, which has a strong background in investing in top-tier game studios. Recently, a Google engineer announced that Google will update its advertisement policy on September 15 to permit the promotion of NFT games, which could provide potential user adoption benefits for game-based projects.
PERP (Token) - Yesterday, Perpetual Protocol received a bullish rating from the Investor Observer, a crypto research institution. This rating has led to a surge in traffic, placing the project at the top spot in Google search results. Binance has initiated contract trading pairs, but liquidity is relatively low. The recent 2-day surge in the token's price led to the liquidation of short positions worth approximately US$1.39 million in 12 hours, resulting in a short squeeze. Currently, the token has increased by over 100% from its low.
Maker Dai (Token) - The conflict between Makerdao and Vitalik Buterin has intensified. The founder of Makerdao mentioned launching a native blockchain based on Solana. In response, Vitalik Buterin liquidated his 500 MKR last week and mentioned that Reflexer is commendable. It might be worthwhile to keep an eye on FLX and MKR moving forward.
Tether (Token) - Tether's CTO, Paolo Ardoino, stated on social media that Tether currently holds US$72.5 billion in U.S. Treasury bonds. This surpasses the holdings of countries such as the United Arab Emirates, Mexico, Australia, and Spain, positioning Tether as the 22nd largest holder globally.
NEXT (Token) - On September 5th, Connext introduced the NEXT token and started the airdrop claims. The airdrop criteria include: Connext bridging, total bridging trading volume, liquidity provision, trading frequency, and duration. Connext is a Layer 2 interoperability protocol that features a modular design, enabling developers to build cross-chain applications with Connext that can interact with multiple chains simultaneously. Due to bot activity, the service provider Tokensoft was overloaded, leading to issues with the airdrop claims for a short time. These issues have since been resolved, and operations have returned to normal.

2.Popular NFTs:

No popular NFTs to mention for today.

3.Popular DApps:

Coinbase (DApp) - According to Nansen data, Coinbase experienced a net outflow of assets surpassing US$1.05 billion in the past 7 days, amounting to US$1,050,236,308. Its custodial service, Coinbase Custody, has a net outflow of US$757 million in the same period, indicating that the market liquidity continues to decrease.
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.56 million, primarily held by public fundraising round participants and airdrop recipients.
Stake.com (DApp) - A cryptocurrency-based casino and sports betting platform. It recently suffered a hacker attack, incurring losses of over US$40 million. The platform quickly resumed all services by the next day, with all currency deposits and withdrawals being processed instantly. The theft seems to be related to issues with private keys, possibly due to interfaces or services associated with private keys being maliciously exploited.
Maestro (DApp) - A Telegram Bot project, Maestro offers DeFi trading functions on the $ETH, $BSC, and $ARB chains. The project's fee revenue over a 24-hour period reached US$130,000, ranking it the thirteenth project by revenue on chain, and the first in the TG Bot sector. During the token issuance period for Banana Gun, this project is also worth keeping an eye on.
The Graph (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
Socket (DApp) - Cross-chain protocol, Socket Protocol, announced the completion of a US$5 million financing round, participated in by Coinbase Ventures and Framework Ventures. The new funds will be used to expand Socket's collaboration with Coinbase, including providing cross-chain services for developers and users of Coinbase Wallet and Base network.
Friend.Tech (DApp) - Friend.Tech has experienced a significant decrease in trading volume and transaction fees compared to earlier figures. Transaction fees have reduced from a peak of US$1.68 million to US$200,000 today. Recently, there has been a surge in counterfeit projects in the SocialFi sector. The future performance of Friend.Tech remains to be seen.
Sweat (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. The community has voted to gradually burn 1.8 billion $SWEAT tokens. On September 6, it was announced that 110 million $SWEAT tokens have been burned. According to its whitepaper, the project team will burn a total of 1.8 billion tokens.
Mev Bot (DApp) - As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. It is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid sandwich attacks by MEV Bot. Yesterday, FOOM's trading volume surged to US$2.4 million, but of that, US$1.8 million was contributed by MEV. Users may incur significant losses when trading without setting the slippage.

4.Twitter Hot Topics:

WAGMI (DApp) - WAGMI is a meme coin that has experienced a prolonged period of decline. However, it saw a phase of rebound yesterday, with an increase of 2.59%. Nevertheless, when looking at the long-term chart, the project's recovery from its previous decline remains challenging.

5.Regional Trending Searches:

BTC, ETH (Token) - The market remains stable, with BTC and ETH prices still oscillating around the US$26,000 and US$1625 ranges, respectively. The implied volatility continues to fluctuate between 30%-35%. The implied volatility for options expiring in 9 months has risen to 47.5% and 43.4% for BTC and ETH, respectively. Yesterday, ARK Invest filed for an Ethereum spot ETF, causing a short-lived surge in ETH price followed by a pullback.

Main Body

Written by: Bitget Research
Data collection time: September 7, 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: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 0
FRAM (Token) - Recently, the FRAM token consistently ranks first in on- XCNUSDT"> chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data
Total active users of ETH: 417,160
New active users of ETH: 76,815, with a daily increase of 6.56%
Existing active users of ETH: 340,345, with a daily increase of 9.11%
2.1.2 New User Profile
Core data: There were a total of 76,815 new active users on ETH yesterday, with a daily increase of 6.56%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 1
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 2
Key Projects:
Coinbase (DApp) - According to Nansen data, Coinbase experienced a net outflow of assets surpassing US$1.05 billion in the past 7 days, amounting to US$1,050,236,308. Its custodial service, Coinbase Custody, has a net outflow of US$757 million in the same period, indicating that the market liquidity continues to decrease.
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.56 million, primarily held by public fundraising round participants and airdrop recipients.
M4573RCH (Token) - LOVE 2.0 has restarted, and the founder of LOVE, @M4573RCH, conducted a "Send 0 eth to 0x34806CBBa5698F9CA9F4AA4700348e56FE3ceB34" coin distribution event on Twitter. This event garnered 770,000 views and 11,000 comments, indicating high levels of engagement.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 340,345, with a daily increase of 9.11%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 3
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 4
Key Projects:
Stake.com (DApp) - A cryptocurrency-based casino and sports betting platform. It recently suffered a hacker attack, incurring losses of over US$40 million. The platform quickly resumed all services by the next day, with all currency deposits and withdrawals being processed instantly. The theft seems to be related to issues with private keys, possibly due to interfaces or services associated with private keys being maliciously exploited.
Maestro (DApp) - A Telegram Bot project, Maestro offers DeFi trading functions on the $ETH, $BSC, and $ARB chains. The project's fee revenue over a 24-hour period reached US$130,000, ranking it the thirteenth project by revenue on chain, and the first in the TG Bot sector. During the token issuance period for Banana Gun, this project is also worth keeping an eye on.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 5
YAMA (Token) - A meme project launched only two days ago. It has seen 3729 interactions in a single day, while the number of holders has risen from 0 to 1980. The 24-hour trading volume is US$2.87 million, with 7210 transactions. The token has garnered high interest, and it has been listed on Bitget.
DORKL (Token) - On September 6th, Pepe creator @Matt_Furie changed his profile picture to a black-hooded PEPE, named DORK LORD, with the PEPE Father concept. The related tweet garnered a staggering 270,000 views, with numerous influencers retweeting it. The $DORKL token was created 20 minutes after this tweet was posted. It has an on-chain liquidity of US$315,000 and a 24-hour trading volume of US$20.45 million. The contract has issues such as modifiable transaction taxes, transaction cooldown, and potential blacklist and whitelist mechanisms. The contract has been renounced. The token is available for trading on Bitget.
2.2.2 Uniswap V3
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 6
PRIME (Token) - Parallel is a sci-fi trading card game (TCG) that uses NFTs, enabling players to own their cards and other game assets. The project is backed by the Paradigm investment team, which has a strong background in investing in top-tier game studios. Recently, a Google engineer announced that Google will update its advertisement policy on September 15 to permit the promotion of NFT games, which could provide potential user adoption benefits for game-based projects.
PERP (Token) - Yesterday, Perpetual Protocol received a bullish rating from the Investor Observer, a crypto research institution. This rating has led to a surge in traffic, placing the project at the top spot in Google search results. Binance has initiated contract trading pairs, but liquidity is relatively low. The recent 2-day surge in the token's price led to the liquidation of short positions worth approximately US$1.39 million in 12 hours, resulting in a short squeeze. Currently, the token has increased by over 100% from its low.

3.Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data
Total active users on BSC: 1,001,506
New active users on BSC: 168,748, with a daily decrease of 0.20%
Existing active users on BSC: 832,758, with a daily increase of 0.84%
3.1.2 New User Profile
Core data: There were a total of 168,748 new active users on BSC yesterday, with a daily decrease of 0.20%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 7
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 8
Key Projects:
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). 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 832,758, with a daily increase of 0.84%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 9
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 10
Key Projects:
Hooked (DApp) - A Binance Launchpad project and a Web3 education concept. Its AI-like product, Hooked Academy Sensei, will cooperate with OpenCampus to create the learning experience of the future. Currently, the token trading activity is moderate, mainly used by users of its app. Its wallet has been officially launched, garnering a lot of attention.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 11
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$17.24 million and a 24-hour trading volume of US$6 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are over 580,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens, indicating high risk.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data
Total active users on Polygon: 392,244
New active users on Polygon: 77,653, with a daily increase of 22.27%
Existing active users on Polygon: 314,591, with a daily decrease of 5.81%
4.1.2 New User Profile
Core data: There were a total of 77,653 new active users on Polygon yesterday, with a daily increase of 22.27%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 12
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 13
Key Projects:
Maker Dai (Token) - The conflict between Makerdao and Vitalik Buterin has intensified. The founder of Makerdao mentioned launching a native blockchain based on Solana. In response, Vitalik Buterin liquidated his 500 MKR last week and mentioned that Reflexer is commendable. It might be worthwhile to keep an eye on FLX and MKR moving forward.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 314,591, with a daily decrease of 5.81%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 14
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 15
Key Projects:
Tether (Token) - Tether's CTO, Paolo Ardoino, stated on social media that Tether currently holds US$72.5 billion in U.S. Treasury bonds. This surpasses the holdings of countries such as the United Arab Emirates, Mexico, Australia, and Spain, positioning Tether as the 22nd largest holder globally.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 16
The pairs with high trading volume are mainstream token pairs, with no trending projects.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data
Arbitrum Active Users: 139,236
Arbitrum New Active Users: 25,313, with a daily decrease of 7.56%
Arbitrum Existing Active Users: 113,923, with a daily decrease of 11.38%
5.1.2 New User Profile
Core data: There were a total of 25,313 new active users on Arbitrum yesterday, with a daily decrease of 7.56%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 17
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 18
Key Projects:
The Graph (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 113,923, with a daily decrease of 11.38%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 19
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 20
Key Projects:
Socket (DApp) - Cross-chain protocol, Socket Protocol, announced the completion of a US$5 million financing round, participated in by Coinbase Ventures and Framework Ventures. The new funds will be used to expand Socket's collaboration with Coinbase, including providing cross-chain services for developers and users of Coinbase Wallet and Base network.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 21
NEXT (Token) - On September 5th, Connext introduced the NEXT token and started the airdrop claims. The airdrop criteria include: Connext bridging, total bridging trading volume, liquidity provision, trading frequency, and duration. Connext is a Layer 2 interoperability protocol that features a modular design, enabling developers to build cross-chain applications with Connext that can interact with multiple chains simultaneously. Due to bot activity, the service provider Tokensoft was overloaded, leading to issues with the airdrop claims for a short time. These issues have since been resolved, and operations have returned to normal.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data
Base Active Users: 72,713
Base New Active Users: 10,894, with a daily decrease of 4.23%
Base Existing Active Users: 61,819, with a daily decrease of 2.33%
6.1.2 New User Profile
Core data: There were a total of 10,894 new active users on Base yesterday, with a daily decrease of 4.23%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 22
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 23
Key Projects:
Friend.Tech (DApp) - Friend.Tech has experienced a significant decrease in trading volume and transaction fees compared to earlier figures. Transaction fees have reduced from a peak of US$1.68 million to US$200,000 today. Recently, there has been a surge in counterfeit projects in the SocialFi sector. The future performance of Friend.Tech remains to be seen.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 61,819, with a daily decrease of 2.33%
Popular Sectors
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 24
Popular Projects
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 25
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. Layerzero recently announced its launch on ZORA, where users can free mint the commemorative edition of LayerZero Zorbs, leading to increased user attention.

7. DApp Ecosystem - All Chains

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Good Dollar (DApp) - A project in the CELO ecosystem and a non-profit initiative created by GoodDAO, Good Dollar primarily helps users learn and experience digital currencies. Its UAW experienced a surge yesterday. The project has certain similarities with the recently popular Worldcoin and capitalizes on the hype of leading projects.

8.DApp Ecosystem - ETH Chain

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SimpleFX (DApp) - A hybrid trading platform for stocks, cryptocurrencies, currencies, metals, commodities, and indices. It has only 2974 followers on Twitter, with the view and engagement volumes of its tweets being relatively low.

9.DApp Ecosystem - BSC Chain

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TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). 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.

10.DApp Ecosystem - Polygon Chain

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Jump.trade (DApp) - Claiming to be Asia's largest NFT market, Jump released its P2E cricket game NFT collection, Meta Cricket League NFTs. 55,000 NFTs were sold out within 9 minutes. The project has recently completed the development of its mobile app, which can be downloaded from the Google Play Store.

11.DApp Ecosystem - WAX Chain

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Realm NFT (DApp) - A strategic resource management game set in the context of a world war. Players can save the world with teamwork and earn tokens by playing the game. The main features of the game have been developed and launched. Its 8th season event has already kicked off and has been well-received by the community.

12.DApp Ecosystem - Solana Chain

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Saber (DApp) - Saber is a decentralized exchange focused on stablecoin swapping that is built on Solana. The project hasn't updated its Twitter in months. Influenced by the news of FTX's restart, the platform's token reached a trading volume of US$100,000 in the past 24 hours. It has been listed on exchanges like Kraken, Bitmart, and Gate.

13.DApp Ecosystem - Arbitrum Chain

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ParaSwap (DApp) - ParaSwap is a multi-chain decentralized exchange. In mid-August, it completed the DApp integration with Pacoca DeFi and Dolomite, and participated in the ETH Milan offline conference.

14.DApp Ecosystem - Base Chain

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BaseSwap (DApp) - BaseSwap was once the largest DEX on the Base chain. However, due to the impact of the Aerodrome's launch on the Base chain, its TVL and trading volume rapidly decreased. Users removed liquidity from BaseSwap and migrated to Aerodrome, causing a short-term increase in BaseSwap's UAW and a 51.78% decrease in its TVL over the past week.

15.DApp Ecosystem - GameFi Sector Across All Chains

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Sweat (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. The community has voted to gradually burn 1.8 billion $SWEAT tokens. On September 6, it was announced that 110 million $SWEAT tokens have been burned. According to its whitepaper, the project team will burn a total of 1.8 billion tokens.

16.Gas Fee Consumption - ETH Chain

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Mev Bot (DApp) - As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. It is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid sandwich attacks by MEV Bot. Yesterday, FOOM's trading volume surged to US$2.4 million, but of that, US$1.8 million was contributed by MEV. Users may incur significant losses when trading without setting the slippage.

17.Gas Fee Consumption - BSC Chain

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OETDaoFinance (DApp) - A platform where users engage in various operations such as staking, withdrawing, and buying points. The potential operational logic behind this could be to incentivize capital deposition through staking and reward users with the platform's native token accordingly. With no verified information on Google or Twitter and a lack of transparency, it is currently not advisable to participate in this project.

18.Gas Fee Consumption - Polygon Chain

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Holograph (DApp) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations. Since May 2023, the team has crossed 1.5 million cross-chain messages with over 6 million full-chain NFTs.

19.Gas Fee Consumption - Arbitrum Chain

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Gelato Network (DApp) - A Web3 infrastructure, designed to help users in the integration of diverse contracts. It offers a variety of functionalities, including cross-chain payment systems, enabling on-chain assets, seamless Web3 transactions, and automatic contract interactions. Projects involved in collaboration include Beefy, Level, and Alchemy Pay.

20.Gas Fee Consumption - Base Chain

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FriendtechShares (DApp) - The daily trading volume of Friend.tech has sharply decreased from US$16 million observed on August 21 to approximately US$700,000 today, a drop of over 95%. This significant drop in popularity indicates ongoing issues with the catalyst of speculative activities seen in the early stages. Currently, the project is mainly focused on updating the product and monitoring user activity data. It is worth keeping an eye on this project as it holds strong token issuance and airdrop expectations in the future.

21.Twitter Trends Token Top Rank

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WAGMI (DApp) - WAGMI is a meme coin that has experienced a prolonged period of decline. However, it saw a phase of rebound yesterday, with an increase of 2.59%. Nevertheless, when looking at the long-term chart, the project's recovery from its previous decline remains challenging. https://coinmarketcap.com/currencies/wagmi-/

22.Google Trends - Global

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Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 42
BTC, ETH (Token) - The market remains stable, with BTC and ETH prices still oscillating around the US$26,000 and US$1625 ranges, respectively. The implied volatility continues to fluctuate between 30%-35%. The implied volatility for options expiring in 9 months has risen to 47.5% and 43.4% for BTC and ETH, respectively. Yesterday, ARK Invest filed for an Ethereum spot ETF, causing a short-lived surge in ETH price followed by a pullback.

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

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Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 44
a) South Asia Region
India Trending Tokens: BTC, HIROX
Pakistan Trending Keywords: USDT, BTC, Fear Greed
b) Southeast Asia Region
Philippines Trending Keywords: Crypto, TGE
Singapore Trending Keywords: Coinbase, BTC
Indonesia Trending Keywords: TOKOcrypto, Crypto Casino, Tradingview
Thailand Trending Tokens: Ran
c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: None

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

Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 45
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 46
a) CIS Region Trending Keywords: Crypto Casino, Arkham, Tradingview, Crypto Summit
b) English-speaking Countries
Canada Trending Tokens: NDAX, BitBuy, UnFi, Hedera, HBAR, SHIB, GRT
Australia Trending Tokens: Crypto Twitter
UK Trending Tokens: RIO, BTC, ICP, RAMP
USA Trending Tokens: DDX, Barnbridge, BOND, FASB
c) Europe
Spain Trending Tokens: SOL, DOT, RUNE, PEPE, ALU, XRP
Germany Trending Keywords: crypto loko casino, dca
France Trending Tokens: TRX, Unif, Nexus, COSMOS
Italy Trending Tokens: Bancor, Shib, HBAR, Illuvium
Turkey Trending Keywords: Binance, Yuki, CoinPayu

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

Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 47
Bitget Research: ARK Files for Ethereum Spot ETF, Crypto Market Maintains Low Volatility image 48
a) Africa
Nigeria Trending Keywords: Coin Market Cap, Crypto News Today
South Africa Trending Tokens: ETH, WorldCoin
b) Middle East Trending Keywords: Pi Crypto Value, Etoro, Crypto Bubbles
c) Latin America
Brazil Trending Tokens: Bomber, BTC, NMR, RAD, Bomb
Argentina Trending Tokens: NEXUS
Mexico Trending Tokens: Cyber, Hack

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