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- Bitget Research: Crypto Market in State of Existing Capital Speculation, Uniswap Plans to Raise US$62.37M for Ecosystem Development
Bitget Research: Crypto Market in State of Existing Capital Speculation, Uniswap Plans to Raise US$62.37M for Ecosystem Development
Bitget Research
2023/09/28
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:
CAL (Token) - A token deployed by Shiba developers. The Shiba team recently renounced the Bone token's contract ownership and simultaneously deployed CAL as a contingency plan. CAL has now established itself with a community-driven
memecoin attribute and has been listed on multiple small exchanges. It has a 24-hour trading volume of US$5 million and a market cap surpassing US$10 million.
Wall Street Memes (Token) - A popular memecoin within the crypto community. The token was just launched yesterday and currently has 24K holders. After its launch, its value surged by up to approximately 130%. Besides its speculative value, the project offers staking with an annualized yield of around 40%.
OCISLY (Token) - Of Course I Still Love You, a meme related to Elon Musk's tweet. Within 18 hours of posting the tweet "Of Course I Still Love You (OCISLY)," it received 10.8 million views. The token exhibited high on- XCNUSDT">
chain trading activity, but as the price pulled back today, activity cooled down, with a 24-hour trading volume of US$1.7 million and 2887 transactions in the same period. Contract ownership has been renounced.
2.Popular NFTs:
Legendary Pandra King (NFT) - This project is part of the Panda series of NFTs, with over 64,700 NFTs in the secondary market and more than 60,000 unique addresses. The tota l trading volume on OpenSea is 206 BNB, indicating moderate trading activity for the project. However, there have been some issues with the front-end display of NFTs.
3.Popular DApps:
Unisat (DApp) - UniSat Wallet has launched the brc20-swap testnet. To participate, users need to switch to the testnet within the UniSat Wallet, obtain testnet BTC via a faucet, and transfer it to the taproot address. Subsequently, users can mint BRC-20 tokens on the testnet via unisat.io. Once everything is set up, users can deposit, trade, and enhance liquidity.
Uniswap (DApp) - The Uniswap Foundation has announced its latest fundraising initiative and future plans. A proposal released today seeks approval for the second tranche of funding, amounting to US$74 million, plus a 10% buffer, totaling US$62.37 million. The vote on-chain is scheduled for October 4th. These funds will be used to support the Uniswap ecosystem development, including developer support, research grants, and more.
Secondlive (DApp) - SecondLiveFactoryV3, a highly popular Web3 metaverse project on the BSC. The project previously completed its seed round of financing with a valuation of US$30 million. Apart from financial backing from Binance Labs, other participating investors include ArkStream Capital, Bullet Labs, GBV Capital, LucidBlue Ventures, Magic Ventures, Multiplex Ventures, Old Fashion Research, Pow Rise Capital, SEJO Asset, and Yuanyuzhou Ventures. The project has exhibited a substantial degree of development and functionality since its launch and has significant user engagement on-chain.
Maker (DApp) - MakerDAO has added US$101 million in RWA assets through Monetalis Clydesdale, BlockTower Andromeda, and New Silver. Currently, the total RWA assets of the protocol surpass US$3.1 billion.
Arbitrum (DApp) - Arbitrum announced on its social channels that the Odyssey event has been relaunched, with the first task initiated on GMX. After completing the task, users need to wait a few days to verify their eligibility to claim the NFT badge. This version of Odyssey will be in collaboration with the Web3 community activity platform, Galxe. Users can explore 13 projects on Arbitrum One. Concurrently, applications for the new round of the Short-term Incentive Plan have closed. 106 projects, including GMX, Lido, and Aave, have applied for the first round of funding.
GMX (DApp) - The first task of the Arbitrum Odyssey event was initiated on GMX. After completing the task, users need to wait a few days to verify their eligibility to claim the NFT badge. Concurrently, GMX has submitted a funding application for a total of 14 million ARB tokens, aiming to enhance DeFi activity and promote ecosystem collaboration.
Friend.Tech (DApp) - Friend.tech has updated its watchlist feature, enabling users to view real-time activity for trades involving their watchlists. The latest data from the friend.tech "Keys" price leaderboard shows that the crypto influencer Vombatus ranks first with a price of 7.613 ETH; platform founder Racer ranks second with a price of 6.281 ETH; crypto influencer Levi ranks third with a price of 5.148 ETH; crypto influencer CBB0FE is currently fourth with a price of 5.041 ETH; crypto influencer Hsaka ranks fifth with a price of 4.692 ETH.
Sugartown Oras (NFT) - Zynga Web3 Gaming Introduces Its First Sugartown Series, Oras: A collection of 9,999 unique creatures from another dimension. The Oras creatures entered Sugartown through rifts in the space-time continuum, accidentally created by three farm friends during the development of the game.
GOQii (DApp) - India's leading smart preventive healthcare platform, Force of Good Foundation (FoG) is gearing up to launch the Universal Health Token (UHT) in a phased manner over the next few quarters. Current partners of the UHT token include GOQii, Animoca Brands, and IndiGG. GOQii is a Web2 project that transitioned to blockchain technology and recently the UAW has seen significant growth.
Wombat Dungeon Master (DApp) - An NFT staking game built on the EOS and
WAX
blockchains. It has maintained a consistent presence in the top 10 within the WAX ecosystem. Currently, in Season 3, Sidekicks has recently undergone significant updates with increased parameter values, enabling users to acquire more WOMBAT tokens.
4.Twitter Hot Topics:
ETH (Token) - Sources revealed that the U.S. Securities and Exchange Commission (SEC) aims to accelerate the launch of Ethereu
m futures ETFs. They hope to resolve this matter before the U.S. government shutdown. As a result, they have asked filers to update their documentation by Friday afternoon so that it can take effect on Monday and trading can commence on Tuesday. This news triggered a short-term increase in both ETH and BTC, with the
ETH/BTC exchange rate starting to increase.
5.Regional Trending Searches:
CommEX (CEX) - According to public information released yesterday, Binance has decided to fully exit the Russian market and will sell its Russian operations to CommEX. Binance has stated that the exit process could take up to a year, and they will collaborate with CommEX to guide users on how to transfer their assets to CommEX. In the upcoming months, Binance will discontinue all its trading services and business lines in Russia. Binance will not receive any ongoing revenue sharing from this sale and will not retain any option to repurchase the business equity.
Luna (Token) - September 29 coincides with the traditional Chinese Mid-Autumn Festival, a cultural festival celebrated among various ethnic groups in China. On this night, the moon appears at its biggest, roundest, and brightest. Every year, the Mid-Autumn Festival sparks increased hype demand for the Luna token in the community. Over the past three days, it has surged by more than 50%, indicating significant hype.
Main Body
Written by: Bitget Research
Data collection time: September 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
Unisat (DApp) - UniSat Wallet has launched the brc20-swap testnet. To participate, users need to switch to the testnet within the UniSat Wallet, obtain testnet BTC via a faucet, and transfer it to the taproot address. Subsequently, users can mint BRC-20 tokens on the testnet via unisat.io. Once everything is set up, users can deposit, trade, and enhance liquidity.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 409,748
New active users on ETH: 89,238, with a daily increase of 7.52%
Existing active users on ETH: 320,510, with a daily increase of 1.02%
2.1.2 New User Profile
Core data: There were a total of 89,238 new active users on ETH yesterday, with a daily increase of 7.52%
Popular Sectors
Popular Projects
Key Projects:
Wall Street Memes (Token) - A popular memecoin within the crypto community. The token was just launched yesterday and currently has 24K holders. After its launch, its value surged by up to approximately 130%. Besides its speculative value, the project offers staking with an annualized yield of around 40%.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 320,510, with a daily increase of 1.02%
Popular Sectors
Popular Projects
Key Projects:
Uniswap (DApp) - The Uniswap Foundation has announced its latest fundraising initiative and future plans. A proposal released today seeks approval for the second tranche of funding, amounting to US$74 million, plus a 10% buffer, totaling US$62.37 million. The vote on-chain is scheduled for October 4th. These funds will be used to support the Uniswap ecosystem development, including developer support, research grants, and more.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
OCISLY (Token) - Of Course I Still Love You, a meme related to Elon Musk's tweet. Within 18 hours of posting the tweet "Of Course I Still Love You (OCISLY)," it received 10.8 million views. The token exhibited high on-chain trading activity, but as the price pulled back today, activity cooled down, with a 24-hour trading volume of US$1.7 million and 2887 transactions in the same period. Contract ownership has been renounced.
2.2.2 Uniswap V3
CAL (Token) - A token deployed by Shiba developers. The Shiba team recently renounced the Bone token's contract ownership and simultaneously deployed CAL as a contingency plan. CAL has now established itself with a community-driven memecoin attribute and has been listed on multiple small exchanges. It has a 24-hour trading volume of US$5 million and a market cap surpassing US$10 million.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,124,379
New active users on BSC: 158,364, with a daily decrease of 9.43%
Existing active users on BSC: 966,015, with a daily decrease of 0.55%
3.1.2 New User Profile
Core data: There were a total of 158,364 new active users on BSC yesterday, with a daily decrease of 9.43%
Popular Sectors
Popular Projects
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 966,015, with a daily decrease of 0.55%
Popular Sectors
Popular Projects
Key Projects:
Secondlive (DApp) - SecondLiveFactoryV3, a highly popular Web3 metaverse project on the BSC. The project previously completed its seed round of financing with a valuation of US$30 million. Apart from financial backing from Binance Labs, other participating investors include ArkStream Capital, Bullet Labs, GBV Capital, LucidBlue Ventures, Magic Ventures, Multiplex Ventures, Old Fashion Research, Pow Rise Capital, SEJO Asset, and Yuanyuzhou Ventures. The project has exhibited a substantial degree of development and functionality since its launch and has significant user engagement on-chain.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
On BSC, apart from BNB, most are high-risk, short-cycle memecoins. It is not recommended to pay special attention.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 396,364
New active users on Polygon: 98,696, with a daily increase of 16.96%
Existing active users on Polygon: 297,668, with a daily decrease of 7.05%
4.1.2 New User Profile
Core data: There were a total of 98,696 new active users on Polygon yesterday, with a daily increase of 16.96%
Popular Sectors
Popular Projects
Key Projects:
Maker (DApp) - MakerDAO has added US$101 million in RWA assets through Monetalis Clydesdale, BlockTower Andromeda, and New Silver. Currently, the total RWA assets of the protocol surpass US$3.1 billion.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 297,668, with a daily decrease of 7.05%
Popular Sectors
Popular Projects
Key Projects:
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, indicating a very high level of user activity.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
The primary trading assets are all mainstream cryptocurrencies, such as stablecoins, Matic, Eth, Link, etc.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 156,791
New Active Users on Arbitrum: 32,191, with a daily increase of 14.33%
Existing Active Users on Arbitrum: 124,600, with a daily increase of 5.79%
5.1.2 New User Profile
Core data: There were a total of 32,191 new active users on Arbitrum yesterday, with a daily increase of 14.33%
Popular Sectors
Popular Projects
Key Projects:
Arbitrum (DApp) - Arbitrum announced on its social channels that the Odyssey event has been relaunched, with the first task initiated on GMX. After completing the task, users need to wait a few days to verify their eligibility to claim the NFT badge. This version of Odyssey will be in collaboration with the Web3 community activity platform, Galxe. Users can explore 13 projects on Arbitrum One. Concurrently, applications for the new round of the Short-term Incentive Plan have closed. 106 projects, including GMX, Lido, and Aave, have applied for the first round of funding.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 124,600, with a daily increase of 5.79%
Popular Sectors
Popular Projects
Key Projects:
GMX (DApp) - The first task of the Arbitrum Odyssey event was initiated on GMX. After completing the task, users need to wait a few days to verify their eligibility to claim the NFT badge. Concurrently, GMX has submitted a funding application for a total of 14 million ARB tokens, aiming to enhance DeFi activity and promote ecosystem collaboration.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
Cipher (DApp) - From the code perspective, it appears identical to Friend.tech, suggesting it primarily focuses on social applications. The protocol's current TVL is approximately 66.5 ETH.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 85,851
New Active Users on Base: 28,488, with a daily increase of 13.35%
Existing Active Users on Base: 57,363, with a daily increase of 2.25%
6.1.2 New User Profile
Core data: There were a total of 28,488 new active users on Base yesterday, with a daily increase of 13.35%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - Friend.tech has updated its watchlist feature, enabling users to view real-time activity for trades involving their watchlists. The latest data from the friend.tech "Keys" price leaderboard shows that the crypto influencer Vombatus ranks first with a price of 7.613 ETH; platform founder Racer ranks second with a price of 6.281 ETH; crypto influencer Levi ranks third with a price of 5.148 ETH; crypto influencer CBB0FE is currently fourth with a price of 5.041 ETH; crypto influencer Hsaka ranks fifth with a price of 4.692 ETH.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 57,363, with a daily increase of 2.25%
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. Today, the community discovered and verified from the official gitbook, that LayerZero has added "ZRO withdrawal" support to its 18 existing chains, increasing the prospects of token issuance and airdrop expectations. The project is in collaboration with VEXT, and VEXT will use LayerZero's services as its foundational infrastructure.
7. DApp Ecosystem - All Chains
Farmers World - Farmers World is the first agricultural game to run on an NFT platform. Users can select suitable tools, develop various resources, purchase land to construct enormous farms, and enjoy the gaming experience of working as a farmer within the Farmers World's ecosystem.
8.DApp Ecosystem - ETH Chain
Sugartown Oras (NFT) - Zynga Web3 Gaming Introduces Its First Sugartown Series, Oras: A collection of 9,999 unique creatures from another dimension. The Oras creatures entered Sugartown through rifts in the space-time continuum, accidentally created by three farm friends during the development of the game.
9.DApp Ecosystem - BSC Chain
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
GOQii (DApp) - India's leading smart preventive healthcare platform, Force of Good Foundation (FoG) is gearing up to launch the Universal Health Token (UHT) in a phased manner over the next few quarters. Current partners of the UHT token include GOQii, Animoca Brands, and IndiGG. GOQii is a Web2 project that transitioned to blockchain technology and recently the UAW has seen significant growth.
IndiGG (DApp) - IndiGG is one of the largest gaming DAO organizations, dedicated to onboarding players into the Web3 world. Currently, the guild continuously collaborates with blockchain games to empower both players and games. There haven't been any significant updates recently.
11.DApp Ecosystem - WAX Chain
Wombat Dungeon Master (DApp) - An NFT staking game built on the EOS and WAX blockchains. It has maintained a consistent presence in the top 10 within the WAX ecosystem. Currently, in Season 3, Sidekicks has recently undergone significant updates with increased parameter values, enabling users to acquire more WOMBAT tokens.
12.DApp Ecosystem - Solana Chain
In the Solana ecosystem, no new popular protocols have emerged. Two NFT Marketplaces, Rarible and Magic Eden, consistently occupy the top two positions in UAW rankings.
13.DApp Ecosystem - Arbitrum Chain
GMX (DApp) - The first task of the Arbitrum Odyssey event was initiated on GMX. After completing the task, users need to wait a few days to verify their eligibility to claim the NFT badge. Concurrently, GMX has submitted a funding application for a total of 14 million ARB tokens, aiming to enhance DeFi activity and promote ecosystem collaboration.
14.DApp Ecosystem - Base Chain
Friend.Tech (DApp) - Friend.tech has updated its watchlist feature, enabling users to view real-time activity for trades involving their watchlists. The latest data from the friend.tech "Keys" price leaderboard shows that the crypto influencer Vombatus ranks first with a price of 7.613 ETH; platform founder Racer ranks second with a price of 6.281 ETH; crypto influencer Levi ranks third with a price of 5.148 ETH; crypto influencer CBB0FE is currently fourth with a price of 5.041 ETH; crypto influencer Hsaka ranks fifth with a price of 4.692 ETH.
15.DApp Ecosystem - GameFi Sector Across All Chains
Farmers World - Farmers World is the first agricultural game to run on an NFT platform. Users can select suitable tools, develop various resources, purchase land to construct enormous farms, and enjoy the gaming experience of working as a farmer within the Farmers World's ecosystem.
16.Gas Fee Consumption - ETH Chain
Banana Gun (Token) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." It recently introduced a commission feature, allowing token holders to claim respective holding rewards on its official website. The BANANA token has seen high trading activity since its issuance, and Bitget has listed the token on the spot market.
17.Gas Fee Consumption - BSC Chain
Legendary Pandra King (NFT) - This project is part of the Panda series of NFTs, with over 64,700 NFTs in the secondary market and more than 60,000 unique addresses. The total trading volume on OpenSea is 206 BNB, indicating moderate trading activity for the project. However, there have been some issues with the front-end display of NFTs.
18.Gas Fee Consumption - Polygon Chain
Galxe (DApp) - Galxe has announced that it is gradually rolling out Galxe 2.0, which includes the Galxe mobile app (available on Testflight in early Q4), Smart Balance (set for a public release in late September), Web3 Score (already released), Telegram Discord Bot V2, and Galxe ID V2 (available on Galxe.com in late September). Yesterday, Galxe announced a partnership with LightLink to boost the brand awareness of the project.
19.Gas Fee Consumption - Arbitrum Chain
Post.tech - Post.tech is a decentralized social platform where the lines between friends and assets become blurred. Here, the networks users operate transform into Shares or Keys, tokenizing the trustworthiness between users and their friends. Every user becomes a tradable social token, allowing you to buy, hold, or even capitalize on their growing reputation.
20.Gas Fee Consumption - Base Chain
Friend.tech (DApp) - As of September 28, according to DefiLlama data, the protocol fees for Friend.tech have surpassed US$30 million, reaching US$30.60 million. The income of the protocol has surpassed US$15 million, reaching US$15.20 million.
21.Twitter Trends Token Top Rank
ETH (Token) - Sources revealed that the U.S. Securities and Exchange Commission (SEC) aims to accelerate the launch of Ethereu
m futures ETFs. They hope to resolve this matter before the U.S. government shutdown. As a result, they have asked filers to update their documentation by Friday afternoon so that it can take effect on Monday and trading can commence on Tuesday. This news triggered a short-term increase in both ETH and BTC, with the ETH/BTC exchange rate starting to increase.
22.Google Trends - Global
CommEX (CEX) - According to public information released yesterday, Binance has decided to fully exit the Russian market and will sell its Russian operations to CommEX. Binance has stated that the exit process could take up to a year, and they will collaborate with CommEX to guide users on how to transfer their assets to CommEX. In the upcoming months, Binance will discontinue all its trading services and business lines in Russia. Binance will not receive any ongoing revenue sharing from this sale and will not retain any option to repurchase the business equity.
Luna (Token) - September 29 coincides with the traditional Chinese Mid-Autumn Festival, a cultural festival celebrated among various ethnic groups in China. On this night, the moon appears at its biggest, roundest, and brightest. Every year, the Mid-Autumn Festival sparks increased hype demand for the Luna token in the community. Over the past three days, it has surged by more than 50%, indicating significant hype.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: SaFari, Direct Coom
Pakistan Trends: Crypto Screener, Crypto News, Crypto mining
b) Southeast Asia Region
Philippines Trends: CGC, SLP, Trading, Crypto News
Indonesia Trends: Crypto News, Coingecko, Luna, Coinbase
Malaysia Trends: Crypto News
Singapore Trends: Jpex Crypto
Thailand Trends: Commex, RAN, Crypto Faucet
c) East Asia and Hong Kong, Macau, and Taiwan
None
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trends:
Crypto Bubble, Commex, Airdrop
b) English-speaking Countries
Canada Trends: BCH, GALA, ETH, Crypto Bubble,
Buy Crypto with Credit Card
Australia Trends: Crypto Tax, Crypto Wallet, C98, VRA, ETH, HBAR, BTC
UK Trends: Crypto Mining, KAVA, CFX, Fetch.ai
c) Europe
Spain Trends: ADA, SHIB, Luna, BONE
Germany Trends: Commex, Luna, CGC, CMC
France Trends: Floki, Osmosis, BTC, MASK, SONIK, CEX
Italy Trends: Matic, Luna, SOL, PI, GRT
Turkey Trends: waves, Commex, Selcoi
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trends: Trust Wallet, XRP
South Africa Trends: ETH, Binance, XRP, BTC, Coinbase
b) Middle East Trends: Commex
c) Latin America
Brazil Trends: Crypto Robots, XRP, Luna
Mexico Trends: Paypal, Bitcoin
Argentina Trends: Luna, TRX, TRON, TRN
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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