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Bitget Research: Bitcoin Fluctuates Below US$28,000, Galxe Faces Hacker Attack
Bitget Research
2023/10/07
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:
Safereum (Token) - Safereum is a decentralized
memecoin launched on Pinksale. The token contract includes a buyback feature, and the ownership has been renounced. The LP tokens are locked for 1 year, with the tax fee set at 0%. 24 hours after the token launch, the trading volume reached US$5.7 million, with the current market cap at US$3.5 million. The token experienced an increase of more than 10x from its lowest point.
WSM (Token) - A popular memecoin within the crypto community. Originating from the Wall Street meme movement, WSM has a community of over 800,000 and combines meme-based humor with Web3 elements. Besides its speculative value, the project offers staking with an annualized yield of over 40%. The token has a trading volume of US$39 million, with a market cap of US$84 million.
PENDLE (Token) - Pendle Finance has initiated its voting process for the Short-Term Incentive Program (STIP) on Arbitrum. Currently, there are 40 million ARB in favor, but a total of 71.51 million ARB votes are needed for approval. The Arbitrum STIP includes a budget of 50 million ARB, specifically intended to provide incentives for qualifying protocols.
2.Popular NFTs:
No popular NFTs to mention for today.
3.Popular DApps:
Starknet (DApp) - StarkWare has announced a delay of over five months for the initial unlocking date of its native StarkNet (STRK) token. The new unlocking date is set for April 15, 2024. The previously planned unlocking date was November 29, 2023. The tokens to be unlocked in this initial batch belong to StarkWare's core contributors, early ecosystem supporters, and employees.
Seaport (DApp) - OpenSea Seaport recently announced the official launch of its creator tool, OpenSea Studio, designed to assist creators in launching and managing NFT projects. Creators can end-to-end create and manage Drops, including setting up whitelists, uploading media or metadata, and building pages.
Maker (DApp) - Over the past month, MakerDAO has consistently increased its RWA assets through channels such as BlockTower Andromeda and New Silver. The current total RWA assets in the protocol have reached US$3.28 billion.
Galxe (DApp) - Yesterday, the Web3 credential data network Galxe discovered a security vulnerability that affected its official website's DNS records. This vulnerability was exploited through its Dynadot account, leading to some community users having their assets stolen after authorizing their wallets on the Galxe platform. Currently, Galxe has regained control over its domain and has ensured account security protection through Dynadot. Preliminary assessments indicate that the total amount of funds compromised is less than US$200,000.
Post.Tech (DApp) - Post.tech is a decentralized social platform where the lines between friends and assets become blurred. Here, the users of the network 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.
Friend.Tech (DApp) - According to statistics from Messari, Friend.Tech has onboarded 300,000 unique users and generates a daily revenue of US$320,000, six times that of OpenSea. The popularity of Friend.Tech has led to several similar platforms emerging on various chains. Among them, a clone on the AVAX chain, Stars Arena, was compromised. Its smart contract had significant security vulnerabilities, allowing hackers to steal 2.66 million AVAX, valued at over US$2.8 million.
Carrom Blitz (DApp) - A casual game on Flow, provided by Joyride. The game mode involves quickly running the board by striking various shots to knock off all the pieces before the opponent. The game's user count has surged over the past two days, rising from a daily few hundred UAW to over 100,000.
Uniswap (DApp) - Following the announcement last month by the Uniswap Foundation of a proposal to raise US$62.37 million and the unveiling of future ecosystem development plans, the Uniswap community's proposal to deploy Uniswap V3 on the Filecoin Virtual Machine (FVM) has been approved. The legal threshold for the vote is 40 million UNI, and as of this writing, it has garnered 41.66 million UNI votes.
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">
blockchain technology and recently the UAW has seen significant growth.
Aboard (DApp) - An order book perpetual futures DEX based on Arbitrum. It is one of the thirteen projects in Arbitrum's latest Odyssey and one of the two projects for the activities in Week 2. Its popularity has recently surged, and the trading fees have been halved.
StarkEX (DApp) - StarkEX offers a solution to the Ethereum ecosystem by using the Cairo language for provably processing transactions, batching transactions to improve efficiency, and sending execution traces to SHARP for combined proofs. This enhances transaction throughput while maintaining the integrity and security of the blockchain.
4.Twitter Hot Topics:
Ton (Token) - The TON Foundation released its third-quarter ecosystem report. The number of TON accounts has grown to over 3.5 million, with nearly 815,000 active wallets on-chain. There are 344 validators distributed across 24 countries, with a total of nearly 500 million TON tokens staked. The TON token has experienced a continuous rise over the past two months, with a significant pullback in the recent two weeks. TON has a high trading volume and has garnered significant attention from the community.
5.Regional Trending Searches:
Bitcoin (Token) - The U.S. non-farm employment report for September was released yesterday. The report indicated that the number of new non-farm payrolls in September was nearly double the market expectations. The unemployment rate for September did not slightly drop as anticipated but remained steady with August. Wage growth in September was below expectations, with an average hourly increase of 0.2% month on month, in line with August, rather than the market's expected acceleration to 0.3%. Wages grew by 4.2% year on year, marking the lowest growth rate in two years, falling short of the predicted stabilization at August's 4.3%. The market's expectations that a significantly better-than-expected employment report might lead the Federal Reserve to continue raising interest rates caused a temporary sharp decline in the
cryptocurrency market. However, it later rebounded to its intraday high, following the trend in the U.S. market.
Main Body
Written by: Bitget Research
Data collection time: October 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
The dashboard is under maintenance due to anomalies in the data source.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 393,113
New active users on ETH: 76,025, with a daily increase of 4.97%
Existing active users on ETH: 317,088, with a daily increase of 5.59%
2.1.2 New User Profile
Core data: There were a total of 76,025 new active users on ETH yesterday, with a daily increase of 4.97%
Popular Sectors
Popular Projects
Key Projects:
Starknet (DApp) - StarkWare has announced a delay of over five months for the initial unlocking date of its native StarkNet (STRK) token. The new unlocking date is set for April 15, 2024. The previously planned unlocking date was November 29, 2023. The tokens to be unlocked in this initial batch belong to StarkWare's core contributors, early ecosystem supporters, and employees.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 317,088, with a daily increase of 5.59%
Popular Sectors
Popular Projects
Key Projects:
Seaport (DApp) - OpenSea Seaport recently announced the official launch of its creator tool, OpenSea Studio, designed to assist creators in launching and managing NFT projects. Creators can end-to-end create and manage Drops, including setting up whitelists, uploading media or metadata, and building pages.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
Safereum (Token) - Safereum is a decentralized memecoin launched on Pinksale. The token contract includes a buyback feature, and the ownership has been renounced. The LP tokens are locked for 1 year, with the tax fee set at 0%. 24 hours after the token launch, the trading volume reached US$5.7 million, with the current market cap at US$3.5 million. The token experienced an increase of more than 10x from its lowest point.
2.2.2 Uniswap V3
WSM (Token) - A popular memecoin within the crypto community. Originating from the Wall Street meme movement, WSM has a community of over 800,000 and combines meme-based humor with Web3 elements. Besides its speculative value, the project offers staking with an annualized yield of over 40%. The token has a trading volume of US$39 million, with a market cap of US$84 million.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,013,024
New active users on BSC: 165,296, with a daily increase of 4.14%
Existing active users on BSC: 847,728, with a daily increase of 4.09%
3.1.2 New User Profile
Core data: There were a total of 165,296 new active users on BSC yesterday, with a daily increase of 4.14%
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, TinyTap 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 847,728, with a daily increase of 4.09%
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 the 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: 370,214
New active users on Polygon: 61,558, with a daily decrease of 25.85%
Existing active users on Polygon: 308,656, with a daily decrease of 10.78%
4.1.2 New User Profile
Core data: There were a total of 61,558 new active users on Polygon yesterday, with a daily decrease of 25.85%
Popular Sectors
Popular Projects
Key Projects:
Maker (DApp) - Over the past month, MakerDAO has consistently increased its RWA assets through channels such as BlockTower Andromeda and New Silver. The current total RWA assets in the protocol have reached US$3.28 billion.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 308,656, with a daily decrease of 10.78%
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
On Polygon, 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: 212,320
New Active Users on Arbitrum: 58,247, with a daily increase of 67.44%
Existing Active Users on Arbitrum: 154,073, with a daily increase of 14.93%
5.1.2 New User Profile
Core data: There were a total of 58,247 new active users on Arbitrum yesterday, with a daily increase of 67.44%
Popular Sectors
Popular Projects
Key Projects:
Galxe (DApp) - Yesterday, the Web3 credential data network Galxe discovered a security vulnerability that affected its official website's DNS records. This vulnerability was exploited through its Dynadot account, leading to some community users having their assets stolen after authorizing their wallets on the Galxe platform. Currently, Galxe has regained control over its domain and has ensured account security protection through Dynadot. Preliminary assessments indicate that the total amount of funds compromised is less than US$200,000.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 154,073, with a daily increase of 14.93%
Popular Sectors
Popular Projects
Key Projects:
Post.Tech (DApp) - Post.tech is a decentralized social platform where the lines between friends and assets become blurred. Here, the users of the network 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.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
PENDLE (Token) - Pendle Finance has initiated its voting process for the Short-Term Incentive Program (STIP) on Arbitrum. Currently, there are 40 million ARB in favor, but a total of 71.51 million ARB votes are needed for approval. The Arbitrum STIP includes a budget of 50 million ARB, specifically intended to provide incentives for qualifying protocols.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 75,539
New Active Users on Base: 17,566, with a daily decrease of 13.10%
Existing Active Users on Base: 57,973, with a daily decrease of 10.68%
6.1.2 New User Profile
Core data: There were a total of 17,566 new active users on Base yesterday, with a daily decrease of 13.10%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - According to statistics from Messari, Friend.Tech has onboarded 300,000 unique users and generates a daily revenue of US$320,000, six times that of OpenSea. The popularity of Friend.Tech has led to several similar platforms emerging on various chains. Among them, a clone on the AVAX chain, Stars Arena, was compromised. Its smart contract had significant security vulnerabilities, allowing hackers to steal 2.66 million AVAX, valued at over US$2.8 million.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 57,973, with a daily decrease of 10.68%
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
Carrom Blitz (DApp) - A casual game on Flow, provided by Joyride. The game mode involves quickly running the board by striking various shots to knock off all the pieces before the opponent. The game's user count has surged over the past two days, rising from a daily few hundred UAW to over 100,000.
8.DApp Ecosystem - ETH Chain
Uniswap (DApp) - Following the announcement last month by the Uniswap Foundation of a proposal to raise US$62.37 million and the unveiling of future ecosystem development plans, the Uniswap community's proposal to deploy Uniswap V3 on the Filecoin Virtual Machine (FVM) has been approved. The legal threshold for the vote is 40 million UNI, and as of this writing, it has garnered 41.66 million UNI votes.
9.DApp Ecosystem - BSC Chain
Playbux (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.
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.
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
Aboard (DApp) - An order book perpetual futures DEX based on Arbitrum. It is one of the thirteen projects in Arbitrum's latest Odyssey and one of the two projects for the activities in Week 2. Its popularity has recently surged, and the trading fees have been halved.
14.DApp Ecosystem - Base Chain
Friend.Tech (DApp) - According to statistics from Messari, Friend.Tech has onboarded 300,000 unique users and generates a daily revenue of US$320,000, which is six times that of OpenSea. The popularity of Friend.Tech has led to several similar platforms emerging on various chains. Among them, a clone on the AVAX chain, Stars Arena, was compromised. Its smart contract had significant security vulnerabilities, allowing hackers to steal 2.66 million AVAX, valued at over US$2.8 million.
15.DApp Ecosystem - GameFi Sector Across All Chains
Carrom Blitz (DApp) - A casual game on Flow, provided by Joyride. The game mode involves quickly running the board by striking various shots to knock off all the pieces before the opponent. The game's user count has surged over the past two days, rising from a daily few hundred UAW to over 100,000.
16.Gas Fee Consumption - ETH Chain
StarkEX (DApp) - StarkEX offers a solution to the Ethereum ecosystem by using the Cairo language for provably processing transactions, batching transactions to improve efficiency, and sending execution traces to SHARP for combined proofs. This enhances transaction throughput while maintaining the integrity and security of the blockchain.
17.Gas Fee Consumption - BSC Chain
GlobalAid Club (DApp) - GlobalAid Club claims to be a community-based blockchain technology product. The project is designed with a high commission structure, hinting at certain pyramid selling (MLM) characteristics. Based on the on-chain data, users can stake BNB to join the club and receive benefits, generating rewards that can be withdrawn on-chain. As of now, there are 6378 registered users. The project carries a high risk, lacks transparency, and has rug potential.
18.Gas Fee Consumption - Polygon Chain
QuickSwap (DApp) - As the leading DEX on the Polygon network, QuickSwap currently has a TVL of US$110 million, slightly higher than the second-ranked Uniswap with a TVL of US$20 million. This year, in collaboration with Gamma and DWF Labs, QuickSwap initiated on-chain market-making and also launched Quick Perpetual. However, the overall performance is average, limited by the development of the Polygon ecosystem. Recently, the performance of the Matic token has been commendable, leading to an increase in QuickSwap's usage rate.
19.Gas Fee Consumption - Arbitrum Chain
Galxe (DApp) - The Galxe team has detected a security vulnerability through their Dynadot account, which affected the DNS records of the official Galxe website. Galxe advises users not to access the Galxe website domain through any means while they address the issue. The breach in Galxe resulted in user losses amounting to US$70,000. The domain ownership has since been reclaimed.
20.Gas Fee Consumption - Base Chain
Friend.tech (DApp) - The Web3 social platform Friend.tech tweeted that it has added a feature to switch from phone number login to email login. Recently, four users experienced SIM swap attacks, leading to a total theft of 234 ETH.
21.Twitter Trends Token Top Rank
Ton (Token) - The TON Foundation released its third-quarter ecosystem report. The number of TON accounts has grown to over 3.5 million, with nearly 815,000 active wallets on-chain. There are 344 validators distributed across 24 countries, with a total of nearly 500 million TON tokens staked. The TON token has experienced a continuous rise over the past two months, with a significant pullback in the recent two weeks. TON has a high trading volume and has garnered significant attention from the community.
22.Google Trends - Global
Bitcoin (Token) - The U.S. non-farm employment report for September was released yesterday. The report indicated that the number of new non-farm payrolls in September was nearly double the market expectations. The unemployment rate for September did not slightly drop as anticipated but remained steady with August. Wage growth in September was below expectations, with an average hourly increase of 0.2% month on month, in line with August, rather than the market's expected acceleration to 0.3%. Wages grew by 4.2% year on year, marking the lowest growth rate in two years, falling short of the predicted stabilization at August's 4.3%. The market's expectations that a significantly better-than-expected employment report might lead the Federal Reserve to continue raising interest rates caused a temporary sharp decline in the cryptocurrency market. However, it later rebounded to its intraday high, following the trend in the U.S. market.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: Pi, OGN, Pie, SUN, Myria
Pakistan Trends: Btc to PKR, Fancy
b) Southeast Asia Region
Philippines Trends: Crypto Bubbles, Crypto Converter
Indonesia Trends: Staking, Bitcoin, Crypto Gambing, Faucet Pay
Malaysia Trends: Crypto Bubble, Bitcoin
Singapore Trends: Bitcoin, Crypto Cash
Thailand Trends:
Crypto News, Ran Crypto
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: Coingecko, Crypto
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region
Trends:
Crypto Exchange, Arkham, Airdrop, Commex
b) English-speaking Countries
Canada Trends: ETH, Milady, Scale, Hex, HBAR
Australia Trends: Matic, Uniswap, XRP, Bitcoin, DOT, Crypto Arena
UK Trends: Nicehash, TRB, ADA
USA Trends: Amber, Crypto Grill, Hotels, AMC
c) Europe
Spain Trends: ROSE, Coinbase, CGC, shiba, Solana, RUNE
Germany Trends: Quant, Uniswap, Polygon, Coinstats
France Trends: TRB, MNW, Ultra, FTM, CAPS, RUNE
Italy Trends: Pepe, Bitcoin, Luna, Dogecoin, Uniswap, CRO
Turkey Trends: Coinglass, Crypto Fund Trader, Quantify Crypto
Poland Trends: Crypto News, XEN, XRP
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trends: TWT, Airdrop, Crypto Arbitrage
South Africa Trends: Crypto Arbitrage, Binanve, Matic, Bitcoin
b) Middle East
Trends:
Euro Exchange rate, CGC, CEX
c) Latin America
Brazil Trends: ADA, AAVE, NASDAQ, Bitcoin, ETH
Mexico Trends: Crypto Arena, SHIB
Argentina Trends: DeFi, ETH, TRX
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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