- Bitget
- Research
- Daily Research Report
- Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits
Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits
Bitget Research
2023/10/10
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits](https://img.bitgetimg.com/multiLang/web/858c47ad783fb8f9509a6caec92d7d15.png)
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:
DAI (Token), MakerDAO (DApp) - Since the beginning of August, when the Dai savings rate was increased to 8% (subsequently reduced to 5%), the DAI deposited in the DSR has grown by US$1.38 billion, increasing from US$337 million to US$1.66 billion. Meanwhile, the core metrics of MakerDAO have been continually improving, with MKR rising 30% over the past month.
USDC (Token) - According to official data, Circle issued US$1.4 billion of USDC last week and redeemed US$1.7 billion of USDC, resulting in a decrease in circulation by US$300 million. As of October 5, the total circulating supply of USDC was US$25.2 billion, with a reserve of US$25.2 billion, of which US$1.4 billion is in cash and the Circle Reserve Fund holds US$23.8 billion.
SHIBA (Token) - After several consecutive days of significant gains, the market saw a sharp drop, nearly halving in value following yesterday's broader decline. Several influencers with a high follower count on Twitter have promoted it (@Cryptic_Maestro, @JirkaSaFuCalls, @Marito_meme, etc.). The LP token has been burned, and the contract has been renounced.
SAFEREUM (Token) - A
memecoin launched on Pinksale, Safereum garnered high participation in the fundraising. The project pre-sold on Pinksale with an original fundraising target of 10ETH, but eventually raised 267ETH, an over-subscription of 26.7 times. The number of participants in the fundraising was 827. After the TGE, it showed a significant wealth effect, with on- XCNUSDT">
chain trading reaching US$8.14 million in the past 24 hours.
2.Popular NFTs:
Key Data - Since the NFT market hit its peak trading level in 2022, the weekly trading volume of the NFT market has now declined by 97% from its peak. Many top-tier blue-chip NFTs have also seen their prices nearly halved from their all-time highs. The NFT trading volume has been shrinking for seven consecutive months, with September's volume plunging to a two-year low of US$224 million.
The Key to The Basement (NFT) - A credential issued by Base Prep, which will be used to claim the airdrop reward in the future. Currently, the project has 17,487 NFTs, with a floor price of 0.0006 ETH on OpenSea. The trading volume is relatively low, indicating limited demand. Monitoring developments on this NFT is essential.
Loot2: Tokenbound Character (NFT) - An NFT hosted on the Base chain and minted via Mint.fun. The NFT has high minting activity, with currently 29,817 holding addresses.
3.Popular DApps:
Starknet (DApp) - 1. On October 4, Ethereum Layer 2 developer StarkWare postponed the initial unlocking of its native StarkNet (STRK) token to April 2024; 2. In response to the situation in Israel, Starknet's community administrator stated that the team and its members are currently safe.
Cipher.Fan (DApp) - A new SocialFi project on Arbitrum. It has been promoted by the official Arbitrum account on Twitter. Users anticipate an airdrop from the project, which is expected to begin on October 15th.
Blur (DApp) - Blur posted on Twitter: "Blur Season 2. November 20." The team did not provide a specific explanation, suggesting that Season 2 might reach a significant milestone on November 20.
4.Twitter Hot Topics:
LINK (Token) - According to Lookonchain data, an institutional investor who had created 81 new wallet addresses to accumulate LINK on September 15 has again amassed 575,632 LINK tokens (approximately US$4.2 million) following a decline in LINK's price today. Since September 19, this institution has accumulated a total of 7.66 million LINK tokens (approximately US$56 million) from Binance.
5.Regional Trending Searches:
DOT (Token) - Approximately 100 million DOTs locked in Polkadot's initial Crowdloan will be unlocked. To address this unlocking and to better adapt to the upcoming Polkadot 2.0 environment, the community has initiated Governance Referendum No. 166. The proposal suggests a slight increase in Polkadot network's ideal staking rate, anticipated to rise from 52.5% to 60%. This adjustment aims to accommodate the DOTs entering the staking system after unlocking, without reducing staking rewards. The proposal has now entered the public voting stage, with a current approval rate of 99.4%. If the vote passes successfully, it's anticipated that this adjustment will be executed two days prior to the unlocking date.
Main Body
Written by: Bitget Research
Data collection time: October 10, 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: 376,951
New active users on ETH: 77,116, with a daily increase of 3.63%
Existing active users on ETH: 299,835, with a daily increase of 7.81%
2.1.2 New User Profile
Core data: There were a total of 77,116 new active users on ETH yesterday, with a daily increase of 3.63%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 0](https://img.bitgetimg.com/multiLang/web/2d5053316a42895264ccdf3da591e129.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 1](https://img.bitgetimg.com/multiLang/web/97546898a6d6c0be6d64e997466eae2f.png)
Starknet (DApp) - 1. On October 4, Ethereum Layer 2 developer StarkWare postponed the initial unlocking of its native StarkNet (STRK) token to April 2024; 2. In response to the situation in Israel, Starknet's community administrator stated that the team and its members are currently safe.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 299,835, with a daily increase of 7.81%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 2](https://img.bitgetimg.com/multiLang/web/c9a2314ec0c89d82798abfe460b2a000.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 3](https://img.bitgetimg.com/multiLang/web/25dc9806c19aa8410874e79cd6397a90.png)
USDC (Token) - According to official data, Circle issued US$1.4 billion of USDC last week and redeemed US$1.7 billion of USDC, resulting in a decrease in circulation by US$300 million. As of October 5, the total circulating supply of USDC was US$25.2 billion, with a reserve of US$25.2 billion, of which US$1.4 billion is in cash and the Circle Reserve Fund holds US$23.8 billion.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 4](https://img.bitgetimg.com/multiLang/web/c8bb0451b82d4b4aa61cb8c6dc758424.png)
SHIBA (Token) - After several consecutive days of significant gains, the market saw a sharp drop, nearly halving in value following yesterday's broader decline. Several influencers with a high follower count on Twitter have promoted it (@Cryptic_Maestro, @JirkaSaFuCalls, @Marito_meme, etc.). The LP token has been burned, and the contract has been renounced. https://www.dextools.io/app/en/ether/pair-explorer/0xbef860db27fc2f9668d13d624563d859c65a2b25
SAFEREUM (Token) - A memecoin launched on Pinksale, Safereum garnered high participation in the fundraising. The project pre-sold on Pinksale with an original fundraising target of 10ETH, but eventually raised 267ETH, an over-subscription of 26.7 times. The number of participants in the fundraising was 827. After the TGE, it showed a significant wealth effect, with on-chain trading reaching US$8.14 million in the past 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x3681a3feed68414617d61aeed92ca5c13eb2ae4a
2.2.2 Uniswap V3
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 5](https://img.bitgetimg.com/multiLang/web/29fa7b0392aab8d1fccba1d2c9337b8b.png)
SAFEREUM was described above.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,030,026
New active users on BSC: 172,404, with a daily increase of 17.12%
Existing active users on BSC: 857,622, with a daily decrease of 0.21%
3.1.2 New User Profile
Core data: There were a total of 172,404 new active users on BSC yesterday, with a daily increase of 17.12%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 6](https://img.bitgetimg.com/multiLang/web/f42aa7498e93ffa25e4e196075908a44.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 7](https://img.bitgetimg.com/multiLang/web/eaabd25a412513919619871021e0e86e.png)
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). Previously, TinyTap established a US$10 million Global Educators Fund.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 857,622, with a daily decrease of 0.21%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 8](https://img.bitgetimg.com/multiLang/web/f59762fa7990d1e6497489b26cedde3d.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 9](https://img.bitgetimg.com/multiLang/web/9692e92e3c3c197b9c58baa6d11adf3b.png)
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
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 10](https://img.bitgetimg.com/multiLang/web/3edfdffc394b8cb481d3df2702ea4eb9.png)
On BSC, there were no popular tokens to note yesterday.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 343,343
New active users on Polygon: 58,212, with a daily increase of 0.39%
Existing active users on Polygon: 285,131, with a daily decrease of 1.84%
4.1.2 New User Profile
Core data: There were a total of 58,212 new active users on Polygon yesterday, with a daily increase of 0.39%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 11](https://img.bitgetimg.com/multiLang/web/9ec878c6b1c7032e236a927dd68077cf.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 12](https://img.bitgetimg.com/multiLang/web/728cfeb6830950fdbe28e1b78da220f5.png)
DAI (Token), MakerDAO (DApp) - Since the beginning of August, when the Dai savings rate was increased to 8% (subsequently reduced to 5%), the DAI deposited in the DSR has grown by US$1.38 billion, increasing from US$337 million to US$1.66 billion. Meanwhile, the core metrics of MakerDAO have been continually improving, with MKR rising 30% over the past month.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 285,131, with a daily decrease of 1.84%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 13](https://img.bitgetimg.com/multiLang/web/e531dc90025014a6d14d93c108ac8a9f.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 14](https://img.bitgetimg.com/multiLang/web/e8459165f4583a7e638f0c216ef51151.png)
Kratos Cash (Token) - The project's token ticker is $KCASH. There have been frequent transfer operations on-chain, originating from various EOA addresses. Currently, no associated liquidity pools have been found, and the project's details have not been disclosed. It's advised to clarify the project's nature before interacting.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 15](https://img.bitgetimg.com/multiLang/web/9832b901be2981ccb32d38dc1723cb7a.png)
On Polygon Chain, there were no popular tokens to note yesterday.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 115,947
New Active Users on Arbitrum: 17,776, with a daily decrease of 7.62%
Existing Active Users on Arbitrum: 98,171, with a daily decrease of 25.52%
5.1.2 New User Profile
Core data: There were a total of 17,776 new active users on Arbitrum yesterday, with a daily decrease of 7.62%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 16](https://img.bitgetimg.com/multiLang/web/c7f3f4fbee41554b3c4732c8db206100.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 17](https://img.bitgetimg.com/multiLang/web/8bd471b784e986cbe56eea4b99e4f43f.png)
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.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 98,171, with a daily decrease of 25.52%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 18](https://img.bitgetimg.com/multiLang/web/f552968927700af62aea264b3d7b2fb1.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 19](https://img.bitgetimg.com/multiLang/web/999f927f81237a9d4eb0db61cb5f8c2b.png)
Cipher.Fan (DApp) - A new SocialFi project on Arbitrum. It has been promoted by the official Arbitrum account on Twitter. Users anticipate an airdrop from the project, which is expected to begin on October 15th. https://twitter.com/arbitrum/status/1711468922552099057
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 20](https://img.bitgetimg.com/multiLang/web/045420f735ad9a2a7726b6af6d8c8102.png)
On Arbitrum, there were no popular tokens to note yesterday.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 84,853
New Active Users on Base: 28,963, with a daily decrease of 3.14%
Existing Active Users on Base: 55,890, with a daily increase of 6.01%
6.1.2 New User Profile
Core data: There were a total of 28,963 new active users on Base yesterday, with a daily decrease of 3.14%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 21](https://img.bitgetimg.com/multiLang/web/c8305ae53b211ff93dc6503ac68c4f3c.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 22](https://img.bitgetimg.com/multiLang/web/4e24b710a6c71c0a5c41885d7f969195.png)
The Key to The Basement (NFT) - A credential issued by Base Prep, which will be used to claim the airdrop reward in the future. Currently, the project has 17,487 NFTs, with a floor price of 0.0006 ETH on OpenSea. The trading volume is relatively low, indicating limited demand. Monitoring developments on this NFT is essential. https://opensea.io/collection/key-to-the-basement
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 55,890, with a daily increase of 6.01%
Popular Sectors
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 23](https://img.bitgetimg.com/multiLang/web/17b4e30b4541e6daad01329070991053.png)
Popular Projects
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 24](https://img.bitgetimg.com/multiLang/web/78b03186fb5f4c48f49d72d49999c739.png)
Loot2: Tokenbound Character (NFT) - An NFT hosted on the Base chain and minted via Mint.fun. The NFT has high minting activity, with currently 29,817 holding addresses. https://basescan.org/token/0xadbc7ec633b78dc4407215d56eb0861dd7c51431
7. DApp Ecosystem - All Chains
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 25](https://img.bitgetimg.com/multiLang/web/3cc5378729e93d087be6df935d4e18fd.png)
Galxe (DApp) - Recently, Galxe released a statement regarding the DNS security incident that took place on October 6th. Currently, the website has been fully restored. It's estimated that around 1120 users were affected, with approximately $270,000 worth of assets stolen. The incident only impacted Galxe's domain and frontend applications. On October 7th, Galxe announced on social media that the website's frontend had been fully restored and that they would continue to enhance their security measures.
8.DApp Ecosystem - ETH Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 26](https://img.bitgetimg.com/multiLang/web/bc09804f202af643bab4dbb6725f2e1a.png)
Blur (DApp) - Blur posted on Twitter: "Blur Season 2. November 20." The team did not provide a specific explanation, suggesting that Season 2 might reach a significant milestone on November 20. https://twitter.com/blur_io/status/1711419863887925327
9.DApp Ecosystem - BSC Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 27](https://img.bitgetimg.com/multiLang/web/f447fd9eedbbe6d1fc137aa589da3ecb.png)
Playbux (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions.
10.DApp Ecosystem - Polygon Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 28](https://img.bitgetimg.com/multiLang/web/61863339c37973a07c473b73ed397f6d.png)
Galxe was described earlier in the report.
11.DApp Ecosystem - WAX Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 29](https://img.bitgetimg.com/multiLang/web/0184cedf253e8a20d47a77fbdf46a84d.png)
The UAW of the
WAX ecosystem fluctuates regularly, with top projects clearly dominating.
12.DApp Ecosystem - Solana Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 30](https://img.bitgetimg.com/multiLang/web/ce2369018ba16aa5cc14f0ca6ce286d5.png)
No new popular DApps on the Solana chain.
13.DApp Ecosystem - Arbitrum Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 31](https://img.bitgetimg.com/multiLang/web/c8455cd14ecb8bcd02efe30708a3a273.png)
PostTech was described earlier in the report.
14.DApp Ecosystem - Base Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 32](https://img.bitgetimg.com/multiLang/web/12f29ba0ba783cd73f99d75c5347148b.png)
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.
15.DApp Ecosystem - GameFi Sector Across All Chains
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 33](https://img.bitgetimg.com/multiLang/web/23d1741024abbbea52d91cc92ecca5d7.png)
No new popular projects in the GameFi sector.
16.Gas Fee Consumption - ETH Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 34](https://img.bitgetimg.com/multiLang/web/3b3c5c7dfe0a43c6f843c7db541debf1.png)
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." 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
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 35](https://img.bitgetimg.com/multiLang/web/1b9c0e9d7d022d7035a742bc2cf5cf21.png)
Seg Finance (DApp) - The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address.
18.Gas Fee Consumption - Polygon Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 36](https://img.bitgetimg.com/multiLang/web/1f4af51357c15f2dff05b400f6e6b226.png)
CoinTool: XEN Batch Minter (DApp) - CoinTool is an online
cryptocurrency toolbox, offering a convenient set of blockchain tools to cater to a variety of needs for crypto enthusiasts. It provides a user-friendly interface that allows users to create their own cryptocurrency (token) without any programming knowledge. Through CoinTool's service, users can set fundamental details of the token such as its name, abbreviation, issuance volume, etc. It is described as a one-stop solution for creating, locking, and launching tokens. Among its features, the XEN Batch Minter method stands out as a one-click tool for batch minting XEN, which is highly popular among XEN investors.
19.Gas Fee Consumption - Arbitrum Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 37](https://img.bitgetimg.com/multiLang/web/9c22136d2cd1ac270be3c3c3cd3a9009.png)
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 US$366,000.
20.Gas Fee Consumption - Base Chain
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 38](https://img.bitgetimg.com/multiLang/web/c92c5b6ff8ce368bec33651d30983187.png)
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.
21.Twitter Trends Token Top Rank
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 39](https://img.bitgetimg.com/multiLang/web/423029d859b7911d09a093b643eca17e.png)
LINK (Token) - According to Lookonchain data, an institutional investor who had created 81 new wallet addresses to accumulate LINK on September 15 has again amassed 575,632 LINK tokens (approximately US$4.2 million) following a decline in LINK's price today. Since September 19, this institution has accumulated a total of 7.66 million LINK tokens (approximately US$56 million) from Binance.
22.Google Trends - Global
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 40](https://img.bitgetimg.com/multiLang/web/0052f1fb6371a1c1b40cdaeb988a1ea8.png)
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 41](https://img.bitgetimg.com/multiLang/web/da8c868f7064473bb3c5eefcb491a9db.png)
DOT (Token) - Approximately 100 million DOTs locked in Polkadot's initial Crowdloan will be unlocked. To address this unlocking and to better adapt to the upcoming Polkadot 2.0 environment, the community has initiated Governance Referendum No. 166. The proposal suggests a slight increase in Polkadot network's ideal staking rate, anticipated to rise from 52.5% to 60%. This adjustment aims to accommodate the DOTs entering the staking system after unlocking, without reducing staking rewards. The proposal has now entered the public voting stage, with a current approval rate of 99.4%. If the vote passes successfully, it's anticipated that this adjustment will be executed two days prior to the unlocking date.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 42](https://img.bitgetimg.com/multiLang/web/fbc06152d21c8692c83c4aa8ddc91e13.png)
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 43](https://img.bitgetimg.com/multiLang/web/613f8dc0e53fa61f402a60ad86b07d0e.png)
a) South Asia Region
India Trends: dow futures live, xxbt crypto, crypto better.com call history
Pakistan Trends: btc, best crypto wallet, crypto screener
b) Southeast Asia Region
Philippines Trends: ada, cro
Indonesia Trends: bybit, crypto casino
Malaysia Trends: crypto meaning
Singapore Trends:
crypto news
c) East Asia and Hong Kong, Macau, and Taiwan
Japan Trends: crypto meaning
South Korea Trends: crypto casino
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 44](https://img.bitgetimg.com/multiLang/web/8edbb0c3dd810bc1015b9cd33f7f3131.png)
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 45](https://img.bitgetimg.com/multiLang/web/5e2afe643140b47ec2c09b7d9f68a1d8.png)
a) CIS Region Trends: None
b) English-speaking Countries
Canada Trends: ZRX, XRP, shiba inu,bnt
Australia Trends: etoro, crypto bubbles, casper, vra
UK Trends: crypto zoo scandal, token terminal, Moonpay, BNT
USA Trends: french house nyt crossword, nato alphabet, BNT
c) Europe
Spain Trends: coinmarketcap, bnt, sopbit, solana , rose, shib, pepe
Germany Trends: polygon, luna
France Trends: capo, casper, elrond, bnt
Italy Trends: doge, ultron, bnt, pepe, cro
Turkey Trends: coinmarketcap, crypto fund trader, yuki crypto 125
Poland Trends: zonda crypto, ok
25.Google Trends Surge - Middle East, Latin America, Africa
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 46](https://img.bitgetimg.com/multiLang/web/4c3e39eb0884b35b4917cadc7c8ab688.png)
![Bitget Research: Ethereum Foundation Sells 1700 ETH, Low On-chain Activity Keeps Gas Fees in Single Digits image 47](https://img.bitgetimg.com/multiLang/web/5f6f92e5fa8a51f4c99feae630e7ac9f.png)
a) Africa
Nigeria Trends: crypto tab, crypto bubbles, coinmarketcap
South Africa Trends:
tradingview, crypto bubbles,
crypto market cap
b) Middle East Trends: crypto news
c) Latin America
Brazil Trends: airdrops crypto, coingecko, BNT
Mexico Trends: crypto wallet
Argentina Trends: crypto nexus, binance
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