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Bitget Research: Scroll Officially Launches on Mainnet, Ethereum Network Continues to Maintain Single-Digit Gas Fees
Bitget Research
2023/10/18
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:
JOE (Token) - JOE is a
memecoin that gained popularity recently. Its contract has been renounced by the project team. Numerous leading influencers in the crypto Twitter community have been recommending it, including Pranksy, 0xLawliette, LaserCat, and cousin crypto, among others.
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%.
REFUND (Token) - A token that experienced high trading activity yesterday. Its contract has been renounced by the project team. The token price surged before falling back, and users are advised to observe its subsequent movements.
VEXT (Token) - Veloce, a media company specializing in esports, gaming, and Web3, recently launched its VEXT token. Through the VEXT token, Veloce aims to increase audience engagement in its real and virtual sports activities, envisioning it as a tradable asset that could aid in Veloce's expansion.
Pendle (Token) - Pendle is an interest rate derivatives protocol built on Ethereum and Avalanche, allowing users to deposit their yield tokens into the Pendle protocol, resulting in the creation of principal tokens (PT) and yield tokens (YT). Within Pendle's Automated Market Maker (AMM) pools, users can trade YT tokens, securing future profits in advance. Even in the current bear market, users can still engage in strategies involving combinations of PT and YT, providing opportunities for stable earnings. This project is worth paying attention to.
2.Popular NFTs:
Tofu NFT Marketplace (NFT) - Tofu NFT Marketplace is an entirely rewritten NFT marketplace, based on experiences from the NFT Marketplace in SCV.finance. It retains all the advantages of rapid loading and advanced filtering while being equipped with numerous new features and enhancements. This project maintains a significant trading volume on Arbitrum, meriting attention.
3.Popular DApps:
Uniswap (DApp) - According to an official announcement, starting October 17, Uniswap will impose a 0.15% exchange fee for certain tokens within its web application and wallet. The tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. These fees apply only to transactions made on the mainnet and L2 via the Uniswap Labs interface and are intended to sustainably fund Uniswap's operations.
Oneinch (DApp) - Influenced by the introduction of fees on Uniswap's frontend, 1inch, as a leading DEX aggregator, has seen a significant increase in trading volume.
Zeroex (DApp) - Influenced by the introduction of fees on Uniswap's frontend, 0xprotocol, as a leading DEX aggregator, has seen a significant increase in trading volume.
Friend3V1 (DApp) - A replica of Friend.tech on the BSC chain, Friend3V1 currently has a TVL of 102.98 BNB. The project is in its initial phases and experienced increased interaction from new users on the BSC chain yesterday. It is advisable to keep an eye on this project.
Secondlive (DApp) - The metaverse project Secondlive, based on BSC, is a Web3 project specifically designed for fostering virtual social networks and bolstering the creator economy. It introduces a multifaceted 3D virtual environment where participants can embody their preferred virtual avatars and indulge in various real-world activities, including virtual exhibitions, singing, dancing, and shopping. Users can also leverage the SecondLive Avatar to create their content and profit from it.
Unstoppable Domains (DApp) - Yesterday, a large number of users on Polygon used Unstoppable Domains to register domain names ending in .
blockchain on the Polygon network. This trend may indicate potential accumulation for speculative activities. Monitoring these developments is recommended.
OdosRouterV2 (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.
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.
4.Twitter Hot Topics:
BIGTIME (Token) - After several consecutive days of significant gains during its TGE, BIGTIME experienced a nearly 30% decline yesterday. The project team has raised the threshold for participation, requiring the purchase of more NFTs to access the game. (BIGTIME 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.)
5.Regional Trending Searches:
No data for this segment today due to anomalies in the data source.
Main Body
Written by: Bitget Research
Data collection time: October 18, 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
No data for this segment today 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: 381,348
New active users on ETH: 71,083, with a daily decrease of 3.70%
Existing active users on ETH: 310,265, with a daily decrease of 0.73%
2.1.2 New User Profile
Core data: There were a total of 71,083 new active users on ETH yesterday, with a daily decrease of 3.70%
Popular Sectors
Popular Projects
Key Projects:
Uniswap (DApp) - According to an official announcement, starting October 17, Uniswap will impose a 0.15% exchange fee for certain tokens within its web application and wallet. The tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. These fees apply only to transactions made on the mainnet and L2 via the Uniswap Labs interface and are intended to sustainably fund Uniswap's operations.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 310,265, with a daily decrease of 0.73%
Popular Sectors
Popular Projects
Key Projects:
Oneinch (DApp) - Influenced by the introduction of fees on Uniswap's frontend, 1inch, as a leading DEX aggregator, has seen a significant increase in trading volume.
Zeroex (DApp) - Influenced by the introduction of fees on Uniswap's frontend, 0xprotocol, as a leading DEX aggregator, has seen a significant increase in trading volume.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
JOE (Token) - JOE is a memecoin that gained popularity recently. Its contract has been renounced by the project team. Numerous leading influencers in the crypto Twitter community have been recommending it, including Pranksy, 0xLawliette, LaserCat, and cousin crypto, among others.
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%.
2.2.2 Uniswap V3
REFUND (Token) - A token that experienced high trading activity yesterday. Its contract has been renounced by the project team. The token price surged before falling back, and users are advised to observe its subsequent movements.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,101,386
New active users on BSC: 150,613, with a daily decrease of 16.77%
Existing active users on BSC: 950,773, with a daily decrease of 2.08%
3.1.2 New User Profile
Core data: There were a total of 150,613 new active users on BSC yesterday, with a daily decrease of 16.77%
Popular Sectors
Popular Projects
Key Projects:
Friend3V1 (DApp) - A replica of Friend.tech on the BSC chain, Friend3V1 currently has a TVL of 102.98 BNB. The project is in its initial phases and experienced increased interaction from new users on the BSC chain yesterday. It is advisable to keep an eye on this project.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 950,773, with a daily decrease of 2.08%
Popular Sectors
Popular Projects
Key Projects:
Secondlive (DApp) - The metaverse project Secondlive, based on BSC, is a Web3 project specifically designed for fostering virtual social networks and bolstering the creator economy. It introduces a multifaceted 3D virtual environment where participants can embody their preferred virtual avatars and indulge in various real-world activities, including virtual exhibitions, singing, dancing, and shopping. Users can also leverage the SecondLive Avatar to create their content and profit from it.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
LONG (Token) - This memecoin experienced a high on- XCNUSDT">
chain trading volume yesterday, but the project party has already rugged. Users need to be cautious and assess the risks when trading.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 375,390
New active users on Polygon: 56,873, with a daily decrease of 7.39%
Existing active users on Polygon: 318,517, with a daily increase of 2.82%
4.1.2 New User Profile
Core data: There were a total of 56,873 new active users on Polygon yesterday, with a daily decrease of 7.39%
Popular Sectors
Popular Projects
Key Projects:
Kratos Cash (KCASH) (Token) - Yesterday, there was a substantial number of distribution transfers on Polygon, with the current number of holders reaching 178,000 addresses. However, liquidity has not yet been deployed on the chain, making it impossible to confirm which project the token belongs to for the time being.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 318,517, with a daily increase of 2.82%
Popular Sectors
Popular Projects
Key Projects:
Unstoppable Domains (DApp) - Yesterday, a large number of users on Polygon used Unstoppable Domains to register domain names ending in .blockchain on the Polygon network. This trend may indicate potential accumulation for speculative activities. Monitoring these developments is recommended.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
VEXT (Token) - Veloce, a media company specializing in esports, gaming, and Web3, recently launched its VEXT token. Through the VEXT token, Veloce aims to increase audience engagement in its real and virtual sports activities, envisioning it as a tradable asset that could aid in Veloce's expansion.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 119,411
New Active Users on Arbitrum: 16,537, with a daily decrease of 32.27%
Existing Active Users on Arbitrum: 102,874, with a daily increase of 9.16%
5.1.2 New User Profile
Core data: There were a total of 16,537 new active users on Arbitrum yesterday, with a daily decrease of 32.27%
Popular Sectors
Popular Projects
Key Projects:
ZTX (Token) - ZTX is a Web3 virtual world dedicated to empowering creators and communities. Established in 2022, ZTX is a blockchain initiative backed by Jump Crypto and ZEPETO. ZEPETO is the largest virtual social network in Asia, with over 400 million users. ZEPETO itself embodies elements of both a social networking and casual gaming platform, with over 99% of in-game items being created by the community. ZTX aims to cater to the new era of the creator economy and digital communities by building an open world based on blockchain, where users can participate in governance and the economy while creating and selling digital assets.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 102,874, with a daily increase of 9.16%
Popular Sectors
Popular Projects
Key Projects:
Tofu NFT Marketplace (NFT) - Tofu NFT Marketplace is an entirely rewritten NFT marketplace, based on experiences from the NFT Marketplace in SCV.finance. It retains all the advantages of rapid loading and advanced filtering while being equipped with numerous new features and enhancements. This project maintains a significant trading volume on Arbitrum, meriting attention.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
Pendle (Token) - Pendle is an interest rate derivatives protocol built on Ethereum and Avalanche, allowing users to deposit their yield tokens into the Pendle protocol, resulting in the creation of principal tokens (PT) and yield tokens (YT). Within Pendle's Automated Market Maker (AMM) pools, users can trade YT tokens, securing future profits in advance. Even in the current bear market, users can still engage in strategies involving combinations of PT and YT, providing opportunities for stable earnings. This project is worth paying attention to.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 114,175
New Active Users on Base: 57,073, with a daily increase of 60.86%
Existing Active Users on Base: 57,102, with a daily decrease of 5.36%
6.1.2 New User Profile
Core data: There were a total of 57,073 new active users on Base yesterday, with a daily increase of 60.86%
Popular Sectors
Popular Projects
Key Projects:
OdosRouterV2 (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 57,102, with a daily decrease of 5.36%
Popular Sectors
Popular Projects
Key Projects:
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.
7. DApp Ecosystem - All Chains
KAI-CHING - This project is a shopping website + social platform on the NEAR chain. It is currently the most active DApp on the NEAR chain.
8.DApp Ecosystem - ETH Chain
OpenSea (DApp) - With the recent auction of some digital art NFTs, there has been a resurgence in active users on OpenSea. However, whether the market can maintain this momentum remains to be seen.
9.DApp Ecosystem - BSC Chain
SecondLive (DApp) - SecondLive, 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.
10.DApp Ecosystem - Polygon Chain
Jump.trade (DApp) - Jump.trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic, making it an essential one to keep an eye on.
11.DApp Ecosystem - WAX Chain
Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the
WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is a multi-chain NFT DeFi metaverse game that currently supports Ethereum, WAX, and BSC.
12.DApp Ecosystem - Solana Chain
Helio (DApp) - Helio, a Web3 payment platform, offers the next generation of payment toolkits for merchants and internet entrepreneurs, all built on blockchain technology. Users can sell any items, including e-commerce goods, NFTs, Discord memberships, subscriptions, video content, or any digital products, enjoying a fast payment experience. Merchants can easily integrate Helio into their stores or initiate a payment link with just a few clicks. The platform accepts USDC and hundreds of digital assets, provides instant payments and low fees, and appeals to new customers who prefer one-click payments with their Phantom, MetaMask, or other wallets.
13.DApp Ecosystem - Arbitrum Chain
tofuNFT (DApp) - It was mentioned earlier in the report.
14.DApp Ecosystem - Base Chain
Friend.tech (DApp) - It was mentioned earlier in the report.
15.DApp Ecosystem - GameFi Sector Across All Chains
Sweat Economy (DApp) - Sweat Economy is an M2E project dedicated to combining physical exercise with cryptocurrency. Through its Sweat Wallet application, users can earn SWEAT tokens by engaging in daily physical activities.
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
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 has seen a significant decline in daily active users. Recently, several FriendTech replicas have emerged, such as PostTech and Cipher on Arbitrum, Friend3V1 on BSC, and Tomo on Linea. These platforms offer a smoother user experience than FriendTech, capturing a portion of its traffic.
21.Twitter Trends Token Top Rank
BIGTIME (Token) - After several consecutive days of significant gains during its TGE, BIGTIME experienced a nearly 30% decline yesterday. The project team has raised the threshold for participation, requiring the purchase of more NFTs to access the game. (BIGTIME 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.)
22-25. Google Trends - Global, Individual Regions
No data for this segment today due to anomalies in the data source.
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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