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Bitget Research: Bitcoin Spot ETF News Blunder Leads to BTC Price Spike, Upcoming TipChat Launch Causes TIP Surge
Bitget Research
2023/10/17
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:
TIP (Token) - Tip Coin announced on the X platform that TipChat is set for launch on October 23, pending a comprehensive audit before the launch. TipChat will enable users to perform simple tasks, such as messaging with friends and others, sharing real-time analytics and data, as well as live or recorded content. Following the announcement, TIP has seen a substantial surge.
JOE (Token) - A
memecoin, Joe Coin has been on a continuous uptrend for five days and keeps breaking new highs. It was recommended by numerous influencers. It has a 24-hour on- XCNUSDT">
chain trading volume of US$3.30 million and the contract has been renounced. It is advisable to keep this token on your radar.
FLC (Token) - This new NFT fractionalization protocol introduces an innovative mechanism by breaking down NFTs into uTokens. Currently, the project team forms a liquidity pool, and the trading volume is high. The token has attracted the attention of many renowned influencers and has a relatively high market cap. It is essential to stay updated on this token.
2.Popular NFTs:
BaseCamp Royale (NFT) - A house-themed NFT, recently launched on the Base chain. The project comprises 35,600 NFTs, with 21,000 unique holders on-chain. Currently, the tota l trading volume on OpenSea stands at 2 ETH. The project's uni t price is very affordable, and there has been a fair number of transactions.
3.Popular DApps:
Uniswap (DApp) - Starting Tuesday, Uniswap Labs will impose a 0.15% fee on token swaps, including those involving ETH and USDC. Only swap transactions executed through the Uniswap Labs frontend will incur this charge. Affected tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Swaps between stablecoins, as well as those between Ethereum and wrapped Ethereum, are not impacted.
Stake.com (DApp) - A
cryptocurrency-based casino and sports betting platform with exceptionally high traffic. They recently experienced a hacker attack, resulting in over $40 million in losses, but the platform swiftly restored all services the next day and continues to operate steadily.
BigTime (DApp) - It is undoubtedly the hottest GameFi project recently. Big Time is a multiplayer action RPG for PC led by the former founder of Mana. An all-star team of industry veterans was recruited from top gaming companies such as Epic Games, Blizzard, EA, and Riot. The project initially garnered over US$90 million in funds through NFT sales. The token's initial launch included listings on several exchanges, including Bitget, OKX, and Coinbase, attracting significant market attention.
BLCR (DApp) - This card battle game consists mainly of 53 playing cards. It combines blockchain, artificial intelligence, and card battle games. Periodic battle rankings and rewards are featured in the game.
4.Twitter Hot Topics:
BIFI (Token) - Beefy Finance is a decentralized finance (DeFi) yield optimizer project that allows its users to earn more cryptocurrency using their existing holdings. Central to Beefy Finance is its native governance token, $BIFI.
5.Regional Trending Searches:
Bitcoin (Token) - According to a report by Cointelegraph, the U.S. Securities and Exchange Commission had approved BlackRock's iShares Bitcoin spot ETF. However, this information was soon debunked by multiple credible sources. Bloomberg Terminal showed that BlackRock stated its Bitcoin spot ETF application was still under SEC review. Cointelegraph has since deleted the previously published tweet with false information. Amidst the widespread refutation, Bitcoin retraced to above US$27,000. Nearly US$100 million was paid in the market for this short seven-word false report, with short positions worth US$72 million and long positions worth US$26 million being liquidated.
Main Body
Written by: Bitget Research
Data collection time: October 17, 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: 386,371
New active users on ETH: 73,811, with a daily decrease of 8.46%
Existing active users on ETH: 312,560, with a daily increase of 10.86%
2.1.2 New User Profile
Core data: There were a total of 73,811 new active users on ETH yesterday, with a daily decrease of 8.46%
Popular Sectors
Popular Projects
TIP (Token) - Tip Coin announced on the X platform that TipChat is set for launch on October 23, pending a comprehensive audit before the launch. TipChat will enable users to perform simple tasks, such as messaging with friends and others, sharing real-time analytics and data, as well as live or recorded content. Following the announcement, TIP has seen a substantial surge.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 312,560, with a daily increase of 10.86%
Popular Sectors
Popular Projects
Uniswap (DApp) - Starting Tuesday, Uniswap Labs will impose a 0.15% fee on token swaps, including those involving ETH and USDC. Only swap transactions executed through the Uniswap Labs frontend will incur this charge. Affected tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Swaps between stablecoins, as well as those between Ethereum and wrapped Ethereum, are not impacted.
Stake.com (DApp) - A cryptocurrency-based casino and sports betting platform with exceptionally high traffic. They recently experienced a hacker attack, resulting in over $40 million in losses, but the platform swiftly restored all services the next day and continues to operate steadily.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
JOE (Token) - A memecoin,
Joe Coin has been on a continuous uptrend for five days and keeps breaking new highs. It was recommended by numerous influencers. It has a 24-hour on-chain trading volume of US$3.30 million and the contract has been renounced. It is advisable to keep this token on your radar.
2.2.2 Uniswap V3
FLC (Token) - This new NFT fractionalization protocol introduces an innovative mechanism by breaking down NFTs into uTokens. Currently, the project team forms a liquidity pool, and the trading volume is high. The token has attracted the attention of many renowned influencers and has a relatively high market cap. It is essential to stay updated on this token.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,151,973
New active users on BSC: 180,962, with a daily increase of 21.59%
Existing active users on BSC: 971,011, with a daily increase of 16.90%
3.1.2 New User Profile
Core data: There were a total of 180,962 new active users on BSC yesterday, with a daily increase of 21.59%
Popular Sectors
Popular Projects
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.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 971,011, with a daily increase of 16.90%
Popular Sectors
Popular Projects
TTGame Events (DApp) - Based in the UK, this platform was created by the developers of the Lego game. The project features numerous offline events, with a recent focus on activities related to children's health. It has garnered a significant degree of attention on social media.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
No popular projects worthy of special attention on BSC.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 371,191
New active users on Polygon: 61,412, with a daily increase of 18.27%
Existing active users on Polygon: 309,779, with a daily increase of 5.19%
4.1.2 New User Profile
Core data: There were a total of 61,412 new active users on Polygon yesterday, with a daily increase of 18.27%
Popular Sectors
Popular Projects
Kratos Cash (Token) - The project's token ticker is $KCASH. There have been frequent transfer operations on-chain, originating from various EOA addresses. 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.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 309,779, with a daily increase of 5.19%
Popular Sectors
Popular Projects
MetaTrace (DApp) - MetaTrace is a GameFi project based on a real-world map. ACE is the functional token of the project, which can be used for upgrading and incubating NFT cars, as well as reconfiguring NFT car features and increasing NFT car slot capacities. The token has over 1,200,000 holders, indicating a substantial user base.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
No popular projects worthy of special attention on Polygon.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 118,661
New Active Users on Arbitrum: 24,417, with a daily increase of 59.73%
Existing Active Users on Arbitrum: 94,244, with a daily increase of 22.88%
5.1.2 New User Profile
Core data: There were a total of 24,417 new active users on Arbitrum yesterday, with a daily increase of 59.73%
Popular Sectors
Popular Projects
Graph Protocol (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. The project team recently attended an offline blockchain event in India. The project is an infrastructure-focused project, and it continues to develop despite the ongoing bear market. The project's token, GRT, has been listed on Bitget.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 94,244, with a daily increase of 22.88%
Popular Sectors
Popular Projects
Post Tech (DApp) - A Web3 social network hosted on Arbitrum, where individual profiles become assets and interactions convert into profit. The total reward for the #1 Epoch is US$100,000, which will be distributed to early contributors on the official launch day. The project has garnered significant attention and engagement on social media due to the anticipated airdrop.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
No popular projects worthy of special attention on Arbitrum.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 95,818
New Active Users on Base: 35,481, with a daily decrease of 55.92%
Existing Active Users on Base: 60,337, with a daily decrease of 1.63%
6.1.2 New User Profile
Core data: There were a total of 35,481 new active users on Base yesterday, with a daily decrease of 55.92%
Popular Sectors
Popular Projects
BaseCamp Royale (NFT) - A house-themed NFT, recently launched on the Base chain. The project comprises 35,600 NFTs, with 21,000 unique holders on-chain. Currently, the total trading volume on OpenSea stands at 2 ETH. The project's unit price is very affordable, and there has been a fair number of transactions. https://opensea.io/collection/basecamp-royale
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 60,337, with a daily decrease of 1.63%
Popular Sectors
Popular Projects
Aerodrome (DApp) - A ve(3,3) DEX on Base L2, developed and launched in collaboration with the Velodrome and Base teams. Initially, 40% of the circulating veAERO will be airdropped to veVELO users and locked for 4 years. Aerodrome's TVL surged to US$200 million in early September but has since consistently decreased, currently at US$57 million.
7. DApp Ecosystem - All Chains
BLCR (DApp) - This card battle game consists mainly of 53 playing cards. It combines blockchain, artificial intelligence, and card battle games. Periodic battle rankings and rewards are featured in the game. https://twitter.com/blcrofficial
8.DApp Ecosystem - ETH Chain
Uniswap (DApp) - Starting Tuesday, Uniswap Labs will impose a 0.15% fee on token swaps, including those involving ETH and USDC. Only swap transactions executed through the Uniswap Labs frontend will incur this charge. Affected tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Swaps between stablecoins, as well as those between Ethereum and wrapped Ethereum, are not impacted.
9.DApp Ecosystem - BSC Chain
Chainspot.io (DApp) - A cross-chain bridge aggregator. Its homepage displays 114 bridges, 42 bridges with tracked TVL, and 130 networks. https://twitter.com/chainspotIO
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
DApps on the
WAX chain experience normal fluctuations in daily active users.
12.DApp Ecosystem - Solana Chain
Solana (DApp) - 1. The Solana Foundation has become an ecosystem partner of the Dubai Multi Commodities Centre (DMCC); 2. Lido will gradually discontinue support for staking services on Solana.
13.DApp Ecosystem - Arbitrum Chain
Galxe (DApp) - The Galxe attack incident has come to a conclusion. 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.
14.DApp Ecosystem - Base Chain
FriendTech (DApp) - Friend.tech has seen a significant decline in daily active users. Recently, several FriendTech replicas have emerged, such as PostTech and Cipher on Arbitrum, and Tomo on Linea. These platforms offer a smoother user experience than FriendTech, capturing a portion of its traffic.
15.DApp Ecosystem - GameFi Sector Across All Chains
BigTime (DApp) - Not on the list but undoubtedly the hottest GameFi project recently. Big Time is a multiplayer action RPG for PC led by the former founder of Mana. An all-star team of industry veterans was recruited from top gaming companies such as Epic Games, Blizzard, EA, and Riot. The project initially garnered over US$90 million in funds through NFT sales. The token's initial launch included listings on several exchanges, including Bitget, OKX, and Coinbase, attracting significant market attention.
16.Gas Fee Consumption - ETH Chain
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 has 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
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
End Block (DApp) - End Block is an on-chain entertainment gaming product with a decent number of active players on-chain.
19.Gas Fee Consumption - Arbitrum Chain
Vertex (DApp) - Vertex is an on-chain derivative DEX that has seen rapid growth in trading volume recently. It currently ranks in the top three in terms of DEX derivatives trading volume, with a daily trading volume of approximately US$31.1 million. The project has entered its final phase of trading mining before the token launch, with the token anticipated to launch in October.
20.Gas Fee Consumption - Base Chain
Friend.tech (DApp) - Friend.tech is one of the hottest projects on the Base chain. 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.
21.Twitter Trends Token Top Rank
BIFI (Token) - Beefy Finance is a decentralized finance (DeFi) yield optimizer project that allows its users to earn more cryptocurrency using their existing holdings. Central to Beefy Finance is its native governance token, $BIFI. Binance will support the conversion of Beefy contracts from BEP20 and BEP2 to ERC20, causing some price volatility.
22.Google Trends - Global
Bitcoin (Token) - According to a report by Cointelegraph, the U.S. Securities and Exchange Commission had approved BlackRock's iShares Bitcoin spot ETF. However, this information was soon debunked by multiple credible sources. Bloomberg Terminal showed that BlackRock stated its Bitcoin spot ETF application was still under SEC review. Cointelegraph has since deleted the previously published tweet with false information. Amidst the widespread refutation, Bitcoin retraced to above US$27,000. Nearly US$100 million was paid in the market for this short seven-word false report, with short positions worth US$72 million and long positions worth US$26 million being liquidated.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: oris crypto, bscscan, saitama, pie crypto
Pakistan Trends: btc, crypto fund trader, crypto currency in pakistan
b) Southeast Asia Region
Philippines Trends: binance word of the day,
crypto news today, binance
Indonesia Trends: tokocrypto, doge, waves
Malaysia Trends: crypto news, coingecko
Vietnam Trends: crypto gamiming, crypto bubble
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: betfury, crypto in chinese
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trends: crypto bubbles, binance, airdrop
b) English-speaking Countries
Canada Trends: lady, doge, mana, btc, turbo
Australia Trends: ngs, btc, asic
UK Trends: kas, mm, helium
USA Trends: paradox, crypto,
bitcoin etf, hourglass crypto
c) Europe
Spain Trends: sol, matic, rune, btc
Germany Trends: pi, btc, eth
France Trends: btc, grt, aes, galleon
Italy Trends: holo, ultron, btc, ada
Turkey Trends: coinpayu, crypto bubbles, crypto fund trader
Poland Trends: eth, btc
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trends: coinmarketcap, best
crypto trading platform, crypto faucet
b) Middle East Trends: crypto news, crypto jungle,
crypto prices
c) Latin America
Brazil Trends: xen, luna, wrx, btc
Mexico Trends: btc, binance,
crypto market
Argentina Trends: shib, dolar, xrp, lirium
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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