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Bitget Research: Cipher Tops the ARB User Interaction Rankings, SocialFi Projects Across Chains Remain Popular
Bitget Research
2023/10/11
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) - This is a decentralized
memecoin project. It has shown decent on-chain data performance in recent days, with 3540 holders and a 24-hour trading volume of US$5.34 million. Contract ownership has been renounced, and a portion of the LP token has been locked.
RYU (Token) - This project has recently exhibited a significant on- XCNUSDT">
chain trading volume. Upon observation, it appears that the project's token has been subjected to a large number of MEV attacks, and there are multiple vulnerabilities within the token contract. Users are advised to exercise caution.
LQTY (Token) - LQTY has seen a 60% price surge in the past week, with a noticeable rise in trading volume both on-chain and on centralized exchanges. LQTY is the native token issued by the over-collateralized stablecoin, Liquity. The project's official team has not made any recent iterations or updates. It is recommended to keep an eye on its future trends.
FTC (Token) - FTC experienced a large on-chain sell-off yesterday, leading to a 65% price decline. Users should be aware of the risks.
LINK (Token) - Chainlink recently concluded SmartCon, during which Chainlink co-founder Sergey Nazarov discussed an important milestone for LINK, known as CCIP. Sergey emphasized that CCIP has the potential to bring trillions of dollars in assets, particularly those from traditional banks and trading sectors, into the
blockchain realm.
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:
Arbitrum Odyssey - Star NFT V3 (NFT) - Arbitrum has resumed the Odyssey event with Week 2. Due to the Arbitrum Official Foundation reclaiming the undistributed ARB tokens for airdrop and then restarting the Odyssey event, there is speculation within the community that these tokens might be used for another airdrop, resulting in a high number of participants.
Blur (DApp) - Blur posted on social media platforms, "Blur Season 2. November 20", suggesting that Season 2 might reach a significant milestone on November 20.
3.Popular DApps:
EthScription (DApp) - Ethscriptions was developed by Tom Lehman, the co-founder of Genius.com. It utilizes Ethereum's "calldata" to achieve an economically efficient, decentralized coin minting process. This method is cheaper and more streamlined than the traditional smart-contract based approaches used for creating NFTs and other digital assets on the Ethereum blockchain. Recently, the project has seen a significan t price increase and has garnered substantial market interest.
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.
Cipher (DApp) - Cipher is a SocialFi project running on Arbitrum, similar to friend.tech. Users can purchase and sell "shares" of personal accounts called Cores, which are similar to the Keys on friend.tech. Due to its early announcement of a token airdrop, it has sparked a FOMO sentiment within the community, leading to increased participation.
Friend.tech (DApp) - Friend.tech is one of the hottest projects on the Base chain. It's a Web3 social media application designed to connect creators with their audience in a gamified manner. The project's operations range from tokenization to seamless interactions using
blockchain technology and
cryptocurrency. Not only has Friend.tech fueled the recent growth in Base, but it has also become a significant contributor to Base's growth through its operations on Base's Ethereum Layer 2 chain. Introduced on the Base L2 blockchain less than a week ago, it has made a splash in the Web3 sector. It invites users into an ecosystem where they can purchase and trade "friendship token" (originally called 'Shares', now renamed as 'Keys').
OdosRouter V2 (DApp) - OdosRouter utilizes its patented Automated Market Maker (AMM) path-finding algorithm as the foundation for its Smart Order Routing (SOR). This advanced algorithm can optimally route through over 500 liquidity sources, including decentralized exchanges (DEXs), lending protocols, yield optimizers, collateralized debt positions (CDPs), and more, to facilitate efficient swaps of various cryptocurrencies. This results in significant savings for both retail and institutional traders when converting cryptocurrencies into other types of digital assets.
4.Twitter Hot Topics:
BLUR (Token) - Blur tweeted, "Blur Season 2. November 20", hinting that Season 2 might reach a significant milestone on November 20.
MKR (Token) - 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.
5.Regional Trending Searches:
Kraken - 1. Yesterday, two addresses marked as FTX bankruptcy and Alameda bankruptcy on TRON transferred about 4.8 million USDT to Kraken; 2. According to Bloomberg, Kraken plans to offer trading in US-listed stocks and ETFs by 2024.
Main Body
Written by: Bitget Research
Data collection time: October 11, 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: 377,172
New active users on ETH: 69,006, with a daily decrease of 10.52%
Existing active users on ETH: 308,166, with a daily increase of 2.78%
2.1.2 New User Profile
Core data: There were a total of 69,006 new active users on ETH yesterday, with a daily decrease of 10.52%
Popular Sectors
Popular Projects
Key Projects:
EthScription (DApp) - Ethscriptions was developed by Tom Lehman, the co-founder of Genius.com. It utilizes Ethereum's "calldata" to achieve an economically efficient, decentralized coin minting process. This method is cheaper and more streamlined than the traditional smart-contract based approaches used for creating NFTs and other digital assets on the Ethereum blockchain. Recently, the project has seen a signific
ant price increase and has garnered substantial market interest.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 308,166, with a daily increase of 2.78%
Popular Sectors
Popular Projects
Key Projects:
Blur (DApp) - Blur posted on social media platforms, "Blur Season 2. November 20", suggesting that Season 2 might reach a significant milestone on November 20.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
Safereum (Token) - This is a decentralized memecoin project. It has shown decent on-chain data performance in recent days, with 3540 holders and a 24-hour trading volume of US$5.34 million. Contract ownership has been renounced, and a portion of the LP token has been locked.
RYU (Token) - This project has recently exhibited a significant on-chain trading volume. Upon observation, it appears that the project's token has been subjected to a large number of MEV attacks, and there are multiple vulnerabilities within the token contract. Users are advised to exercise caution.
2.2.2 Uniswap V3
LQTY (Token) - LQTY has seen a 60% price surge in the past week, with a noticeable rise in trading volume both on-chain and on centralized exchanges. LQTY is the native token issued by the over-collateralized stablecoin, Liquity. The project's official team has not made any recent iterations or updates. It is recommended to keep an eye on its future trend.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,093,426
New active users on BSC: 196,180, with a daily increase of 13.79%
Existing active users on BSC: 897,246, with a daily increase of 4.62%
3.1.2 New User Profile
Core data: There were a total of 196,180 new active users on BSC yesterday, with a daily increase of 13.79%
Popular Sectors
Popular Projects
Key Projects:
LONG (Token) - A memecoin on BSC inspired by dragons. A week after its launch, it has 4.7K holders and a daily trading volume of US$500.000, indicating certain popularity. The token contract doesn't have apparent vulnerabilities and has a 2% buy and sell tax.
CrossTest (Token) - A token project on the BSC. Currently, the project hasn't open-sourced its code, and there's no on-chain liquidity deployed. It's still unclear what the project's intentions are.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 897,246, with a daily increase of 4.62%
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
FTC (Token) - FTC experienced a large on-chain sell-off yesterday, leading to a 65% price decline. Users should be aware of the risks.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 352,053
New active users on Polygon: 61,199, with a daily increase of 5.13%
Existing active users on Polygon: 290,854, with a daily increase of 2.01%
4.1.2 New User Profile
Core data: There were a total of 61,199 new active users on Polygon yesterday, with a daily increase of 5.13%
Popular Sectors
Popular Projects
Key Projects:
Meta Force (DApp) - This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and "Registration" taking place. The project operates on an invitation-only basis where the inviter receives a purchase reward from the invitee, which carries the characteristics of pyramid selling (MLM). Participation is not recommended.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 290,854, with a daily increase of 2.01%
Popular Sectors
Popular Projects
Key Projects:
Opex (OPX) - Yesterday, a large number of on-chain OPX addresses were consolidated. However, there hasn't been a noticeable change in price. It is recommended to keep an eye on subsequent market trends.
End Block (DApp) - End Block is an on-chain entertainment gaming product with a decent number of active players on-chain.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
LINK (Token) - Chainlink recently concluded SmartCon, during which Chainlink co-founder Sergey Nazarov discussed an important milestone for LINK, known as CCIP. Sergey emphasized that CCIP has the potential to bring trillions of dollars in assets, particularly those from traditional banks and trading sectors, into the blockchain realm.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 138,055
New Active Users on Arbitrum: 32,250, with a daily increase of 81.42%
Existing Active Users on Arbitrum: 105,805, with a daily increase of 7.78%
5.1.2 New User Profile
Core data: There were a total of 32,250 new active users on Arbitrum yesterday, with a daily increase of 81.42%
Popular Sectors
Popular Projects
Key Projects:
Cipher (DApp) - Cipher is a SocialFi project running on Arbitrum, similar to friend.tech. Users can purchase and sell "shares" of personal accounts called Cores, which are similar to the Keys on friend.tech. Due to its early announcement of a token airdrop, it has sparked a FOMO sentiment within the community, leading to increased participation.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 105,805, with a daily increase of 7.78%
Popular Sectors
Popular Projects
Key Projects:
Cipher (DApp) - Cipher is a SocialFi project running on Arbitrum, similar to friend.tech. Users can purchase and sell "shares" of personal accounts called Cores, which are similar to the Keys on friend.tech. Due to its early announcement of a token airdrop, it has sparked a FOMO sentiment within the community, leading to increased participation.
Arbitrum Odyssey - Star NFT V3 (NFT) - Arbitrum has resumed the Odyssey event with Week 2. Due to the Arbitrum Official Foundation reclaiming the undistributed ARB tokens for airdrop and then restarting the Odyssey event, there is speculation within the community that these tokens might be used for another airdrop, resulting in a high number of participants.
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: 87,574
New Active Users on Base: 33,304, with a daily increase of 14.99%
Existing Active Users on Base: 54,270, with a daily decrease of 2.90%
6.1.2 New User Profile
Core data: There were a total of 33,304 new active users on Base yesterday, with a daily increase of 14.99%
Popular Sectors
Popular Projects
Key Projects:
Friend.tech (DApp) - Friend.tech is one of the hottest projects on the Base chain. It's a Web3 social media application designed to connect creators with their audience in a gamified manner. The project's operations range from tokenization to seamless interactions using blockchain technology and cryptocurrency. Not only has Friend.tech fueled the recent growth in Base, but it has also become a significant contributor to Base's growth through its operations on Base's Ethereum Layer 2 chain. Introduced on the Base L2 blockchain less than a week ago, it has made a splash in the Web3 sector. It invites users into an ecosystem where they can purchase and trade "friendship token" (originally called 'Shares', now renamed as 'Keys').
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 54,270, with a daily decrease of 2.90%
Popular Sectors
Popular Projects
Key Projects:
OdosRouter V2 (DApp) - OdosRouter utilizes its patented Automated Market Maker (AMM) path-finding algorithm as the foundation for its Smart Order Routing (SOR). This advanced algorithm can optimally route through over 500 liquidity sources, including decentralized exchanges (DEXs), lending protocols, yield optimizers, collateralized debt positions (CDPs), and more, to facilitate efficient swaps of various cryptocurrencies. This results in significant savings for both retail and institutional traders when converting cryptocurrencies into other types of digital assets.
7. DApp Ecosystem - All Chains
Galxe (DApp) - The Web3 credential data network, Galxe, has released a recovery plan in response to the security incident on October 6th. The plan indicates that any user who experienced a loss will be fully compensated in USDT on the Polygon network, with the value determined as of 6:00 PM on October 9 (UTC+8). If users believe they are affected but their wallet address is not on the list, or if they ascertain that the calculated value of the loss is incorrect, they can contact the support team before 1:00 AM on October 17 (UTC+8). Additionally, to express gratitude for users' trust, the team will provide an extra 10% compensation.
8.DApp Ecosystem - ETH Chain
Uniswap NFT Aggregator (DApp) - Uniswap's NFT aggregator allows users to view and compare listings from multiple different NFT
markets at once, including OpenSea, LooksRare, NFTX, and more. This enables users to evaluate prices and find the best deals across markets. Compared to other NFT aggregators, Uniswap's aggregator can save up to 15% on gas fees. This is attributed to Uniswap's new open-sourced "Universal Router," contract which can save tens of thousands of gas when purchasing across markets.
9.DApp Ecosystem - BSC Chain
Playbux (DApp) - Playbux is a project that combines e-commerce with a metaverse platform. It offers a store and profit system that allows users to shop from global merchants and earn cashback rewards. The platform aims to integrate existing exchanges, lending platforms, and NFTs so customers can access all services in one place. By leveraging mobile accessibility, Playbux positions itself as the most accessible metaverse where users can earn Playbux tokens by receiving cashback on any purchase. Users can select merchants from the activity page and shop as usual. It also offers opportunities through shopping, playing mini-games, NFTs, and M2E, among others. Playbux provides a blockchain-based trading platform, integrating real-life cashback points and consumer experiences with metaverse activities. It is described as a shop-and-earn platform integrated with the metaverse, with a primary focus on the consumer experience. The platform can serve as a stepping stone, bringing Web2 users closer to the Web3 realm by merging e-commerce and metaverse activities.
10.DApp Ecosystem - Polygon Chain
Galxe (DApp) - Refer to the section 7.
11.DApp Ecosystem - WAX Chain
Taco (DApp) - Gaming, Utilities, and DeFi. Taco is a Web3 project on the
WAX blockchain, integrating a smart wallet application for cryptocurrencies and a P2E gaming platform based on NFTs, known as the Taco Universe metaverse project.
12.DApp Ecosystem - Solana Chain
Access Protocol (DApp) - Access Protocol offers a new revenue layer model for content creators. Designed for Web3, it aims to transform how content creators earn from their content. Under the current systems, creators are forced to rely on traditional platforms like Patreon, Substack, YouTube, and Twitch. These platforms compel creators to depend on algorithmic data and social media promotions.
13.DApp Ecosystem - Arbitrum Chain
0x Protocol (DApp) - The 0x Protocol is an open protocol that allows for the creation of decentralized exchanges (DEX) on the Ethereum blockchain. By providing a set of standard smart contracts and developer tools, it empowers anyone to create and operate their own decentralized exchange while ensuring the security of users' funds and transactions. The 0x Protocol aims to provide an efficient and reliable trading framework for decentralized applications (DApps), enhancing the liquidity of cryptocurrencies and tokens, and offering a standardized, interoperable platform for transactions and asset exchanges within the blockchain ecosystem. Through the 0x Protocol, developers and end-users can easily trade and manage a variety of crypto assets in a trustless environment.
14.DApp Ecosystem - Base Chain
Friend.tech (DApp) - Friend.tech is one of the hottest projects on the Base chain. It's a Web3 social media application designed to connect creators with their audience in a gamified manner. The project's operations range from tokenization to seamless interactions using blockchain technology and cryptocurrency. Not only has Friend.tech fueled the recent growth in Base, but it has also become a significant contributor to Base's growth through its operations on Base's Ethereum Layer 2 chain. Introduced on the Base L2 blockchain less than a week ago, it has made a splash in the Web3 sector. It invites users into an ecosystem where they can purchase and trade "friendship token" (originally called 'Shares', now renamed as 'Keys').
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
Arbitrum (DApp) - Arbitrum announced that the Week 2 of the Odyssey event will resume on October 16. This round of interactive tasks will be conducted on the NFT marketplace, TofuNFT, and the order book perpetual futures DEX, Aboard Exchange. Users who have already completed the tasks for the Week 2 will not need to redo them after the event restarts on October 16.
17.Gas Fee Consumption - BSC Chain
No new popular contracts on BSC.
18.Gas Fee Consumption - Polygon Chain
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
Cipher (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.
20.Gas Fee Consumption - Base Chain
SoSwap (DApp) - A DEX on the Base chain, currently with a TVL of less than US$1 million. The project is in the initial phase.
21.Twitter Trends Token Top Rank
BLUR (Token) - Blur tweeted, "Blur Season 2. November 20", hinting that Season 2 might reach a significant milestone on November 20.
MKR (Token) - 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.
22.Google Trends - Global
Kraken - 1. Yesterday, two addresses marked as FTX bankruptcy and Alameda bankruptcy on TRON transferred about 4.8 million USDT to Kraken; 2. According to Bloomberg, Kraken plans to offer trading in US-listed stocks and ETFs by 2024.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: ATOM, ETH, DAO
b) Southeast Asia Region
Philippines Trends: ADA, SHIB, DAO
Vietnam Trends: SHIB, LUNA, BTC, LINK
c) East Asia and Hong Kong, Macau, and Taiwan
Japan Trends: crypto bank
South Korea Trends: crypto casino
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trends: dune crypto, crypto casino
b) English-speaking Countries
Canada Trends: milady crypto, TRX, LCX, genesis
Australia Trends: STARX, ARGO, DOT
UK Trends: wild crypto
USA Trends: NAP, flames crypto, germ crypto
c) Europe
Spain Trends: OP, SHIB, ARB, WSM
Germany Trends: MATIC, SHIB, XRP
France Trends: NTRN, ADA, shibarium, BETH
Italy Trends: NTRN, CFG, STARX, CHIA
Turkey Trends:
crypto market rsi, yuki crypto 50, binance, crypto royal
Poland Trends: XRP, ETH
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trends: tge meaning crypto, crypto faucet, airdrop crypto
b) Middle East Trends: None
c) Latin America
Brazil Trends: XEN, CYBER, TRX, BETH, PEPE
Mexico Trends: elon musk crypto
Argentina Trends: lemon crypto, kraken
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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