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Bitget Research: Ten-Year U.S. Treasury Yield Rises to 4.97%, SEC Drops Charges Against Ripple CEO
Bitget Research
2023/10/20
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:
REKT (Token) - A
memecoin themed around "rug pull," REKT is scheduled to launch on October 19. Promoted by former Bitmex CEO Arthur Hayes and several prominent influencers including RektGuy and Dave Waslen, it has high community engagement. The 24-hour trading volume has surpassed US$14 million, indicating substantial popularity.
RLB (Token) - Recently, there has been a notable uptick in large RLB purchases, with two whales, 0x6f9 and 0x09d, buying a total of 8.514 million RLB (approximately US$1.27 million) with 818.9 ETH on October 19, leading to a 9% increase in the token's price. Addresses associated with the founder have also been buying RLB. On October 16, rollbot.eth exchanged 123.89 ETH for 1.426 million RLB (US$193,000) at an average price of US$0.135.
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.
agEUR (Token) - agEUR is a stablecoin protocol by Angle Protocol that emphasizes capital efficiency, decentralization, and over-collateralization. Recently, the Angle Transmuter product underwent voting on Snapshot. If approved, agEUR's price will no longer be tied to the EURUSD exchange rate, potentially mitigating market risks associated with USDT/USDC unpegging.
VKA (Token) - This token, launched on the Arbitrum chain less than 24 hours ago, currently has a trading volume of US$816,000, with a nearly 33% increase in the past 24 hours. The contract includes an undisclosed transaction tax, representing a potential risk. The current number of holders is relatively small, with only 614 individuals, and the owner possesses more than 55% of the tokens. It is advisable to continue monitoring the developments.
2.Popular NFTs:
No popular NFTs to mention for today.
3.Popular DApps:
Fixedfloat (DApp) - Offering instant and automated
cryptocurrency exchanges via the Lightning Network, Fixedfloat enables the conversion of BTC for tokens across various chains, supporting the exchange of 59 different tokens. The platform was founded in 2018 and operates as a non-custodial exchange. Once tokens are received and the requisite number of network confirmations is met, the exchange is executed immediately.
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.
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.
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.
IMVU (DApp) - IMVU, a long-standing virtual world with a 19-year history rooted in Web2, is diving deeper into the Web3 realm with the assistance of Metajuice. Prior to the launch of VCOIN, the U.S. Securities and Exchange Commission (SEC) issued a "no-action letter", effectively granting IMVU permission to offer $VCOIN to its users. This represents one of the earliest regulatory attempts for cryptocurrencies within the metaverse.
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.
Holograph (DApp) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between
blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations. Since May 2023, the team has crossed 1.5 million cross-chain messages with over 6 million full-chain NFTs.
Friend.Tech (DApp) - Friend.tech "Keys" leaderboard shows that the crypto influencer Vombatus ranks first with 8.327 ETH; crypto influencer CBB0FE ranks second with 5.852 ETH; and crypto influencer Levi ranks third with 4.692 ETH.
Aerodrome (DApp) - Currently the DeFi protocol with the largest TVL in the Base ecosystem, Aerodrome operates as a DEX utilizing the Ve(3,3) mechanism. The current TVL stands at US$55 million, which has fallen by more than 70% from its peak. The new round of incentive token distribution plan is under voting.
Mobox (DApp) - The anniversary celebration of the Clash of MOland game is drawing to a close, while the Dragonverse Crafting Event II is in full swing, attracting a significant amount of attention in a short period.
QORPO WORLD (DApp) - A cryptocurrency-based gaming platform featuring a variety of RPGs and shooter games. The project has recently updated its tokenomics and plans to distribute tokens, resulting in a consistent increase in UAW.
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.
WooFi (DApp) - Launched by the
cryptocurrency exchange WOO as a DeFi project, it recently gained positive attention in a short period due to its plans to buy back the shares and tokens previously acquired by the hedge fund Three Arrows Capital. This move is aimed at "eliminating uncertainties."
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.
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.
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.
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.
4.Twitter Hot Topics:
XRP (Token) - Ripple announced today that the U.S. Securities and Exchange Commission (SEC) has dropped all charges against its CEO Brad Garlinghouse and Executive Chairman Chris Larsen. This victory marks the third consecutive win for Garlinghouse, Larsen, and Ripple, following the ruling in July 2023 that declared XRP itself is not a security, and the subsequent October decision by a federal judge to dismiss the SEC's appeal request.
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 20, 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 content 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: 359,508
New active users on ETH: 66,913, with a daily decrease of 1.31%
Existing active users on ETH: 292,595, with a daily decrease of 3.97%
2.1.2 New User Profile
Core data: There were a total of 66,913 new active users on ETH yesterday, with a daily decrease of 1.31%
Popular Sectors
Popular Projects
Key Projects:
Fixedfloat (DApp) - Offering instant and automated cryptocurrency exchanges via the Lightning Network, Fixedfloat enables the conversion of BTC for tokens across various chains, supporting the exchange of 59 different tokens. The platform was founded in 2018 and operates as a non-custodial exchange. Once tokens are received and the requisite number of network confirmations is met, the exchange is executed immediately.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 292,595, with a daily decrease of 3.97%
Popular Sectors
Popular Projects
Key Projects:
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
REKT (Token) - A memecoin themed around "rug pull," REKT is scheduled to launch on October 19. Promoted by former Bitmex CEO Arthur Hayes and several prominent influencers including RektGuy and Dave Waslen, it has high community engagement. The 24-hour trading volume has surpassed US$14 million, indicating substantial popularity.
2.2.2 Uniswap V3
RLB (Token) - Recently, there has been a notable uptick in large RLB purchases, with two whales, 0x6f9 and 0x09d, buying a total of 8.514 million RLB (approximately US$1.27 million) with 818.9 ETH on October 19, leading to a 9% increase in the token's price. Addresses associated with the founder have also been buying RLB. On October 16, rollbot.eth exchanged 123.89 ETH for 1.426 million RLB (US$193,000) at an average price of US$0.135.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,067,126
New active users on BSC: 160,599, with a daily decrease of 4.45%
Existing active users on BSC: 906,527, with a daily decrease of 4.51%
3.1.2 New User Profile
Core data: There were a total of 160,599 new active users on BSC yesterday, with a daily decrease of 4.45%
Popular Sectors
Popular Projects
Key Projects:
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). 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 906,527, with a daily decrease of 4.51%
Popular Sectors
Popular Projects
Key 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.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
REKT (Token) - A memecoin themed around "rug pull," REKT is scheduled to launch on October 19. Promoted by former Bitmex CEO Arthur Hayes and several prominent influencers including RektGuy and Dave Waslen, it has high community engagement. The token was simultaneously launched on both the ETH and BSC chains. The 24-hour trading volume has surpassed US$14 million, indicating substantial popularity.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 408,881
New active users on Polygon: 84,662, with a daily increase of 47.84%
Existing active users on Polygon: 324,219, with a daily increase of 2.08%
4.1.2 New User Profile
Core data: There were a total of 84,662 new active users on Polygon yesterday, with a daily increase of 47.84%
Popular Sectors
Popular Projects
Key Projects:
IMVU (DApp) - IMVU, a long-standing virtual world with a 19-year history rooted in Web2, is diving deeper into the Web3 realm with the assistance of Metajuice. Prior to the launch of VCOIN, the U.S. Securities and Exchange Commission (SEC) issued a "no-action letter", effectively granting IMVU permission to offer $VCOIN to its users. This represents one of the earliest regulatory attempts for cryptocurrencies within the metaverse.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 324,219, with a daily increase of 2.08%
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.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
agEUR (Token) - agEUR is a stablecoin protocol by Angle Protocol that emphasizes capital efficiency, decentralization, and over-collateralization. Recently, the Angle Transmuter product underwent voting on Snapshot. If approved, agEUR's price will no longer be tied to the EURUSD exchange rate, potentially mitigating market risks associated with USDT/USDC unpegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 129,550
New Active Users on Arbitrum: 18,021, with a daily increase of 7.26%
Existing Active Users on Arbitrum: 111,529, with a daily decrease of 6.88%
5.1.2 New User Profile
Core data: There were a total of 18,021 new active users on Arbitrum yesterday, with a daily increase of 7.26%
Popular Sectors
Popular Projects
Key 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.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 111,529, with a daily decrease of 6.88%
Popular Sectors
Popular Projects
Key Projects:
Holograph (DApp) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between
blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations. Since May 2023, the team has crossed 1.5 million cross-chain messages with over 6 million full-chain NFTs.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
VKA (Token) - This token, launched on the Arbitrum chain less than 24 hours ago, currently has a trading volume of US$816,000, with a nearly 33% increase in the past 24 hours. The contract includes an undisclosed transaction tax, representing a potential risk. The current number of holders is relatively small, with only 614 individuals, and the owner possesses more than 55% of the tokens. It is advisable to continue monitoring the developments.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 121,044
New Active Users on Base: 60,968, with a daily increase of 69.71%
Existing Active Users on Base: 60,076, with a daily decrease of 0.89%
6.1.2 New User Profile
Core data: There were a total of 60,968 new active users on Base yesterday, with a daily increase of 69.71%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - Friend.tech "Keys" leaderboard shows that the crypto influencer Vombatus ranks first with 8.327 ETH; crypto influencer CBB0FE ranks second with 5.852 ETH; and crypto influencer Levi ranks third with 4.692 ETH.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 60,076, with a daily decrease of 0.89%
Popular Sectors
Popular Projects
Key Projects:
Aerodrome (DApp) - Currently the DeFi protocol with the largest TVL in the Base ecosystem, Aerodrome operates as a DEX utilizing the Ve(3,3) mechanism. The current TVL stands at US$55 million, which has fallen by more than 70% from its peak. The new round of incentive token distribution plan is under voting.
7. DApp Ecosystem - All Chains
Friend.tech was described earlier in the report. The UAW fluctuations of other projects are within the normal range.
8.DApp Ecosystem - ETH Chain
The UAW fluctuation of each project is within the normal range.
9.DApp Ecosystem - BSC
Mobox (DApp) - The anniversary celebration of the Clash of MOland game is drawing to a close, while the Dragonverse Crafting Event II is in full swing, attracting a significant amount of attention in a short period.
QORPO WORLD (DApp) - A cryptocurrency-based gaming platform featuring a variety of RPGs and shooter games. The project has recently updated its tokenomics and plans to distribute tokens, resulting in a consistent increase in UAW.
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
The UAW fluctuation of each project is within the normal range.
12.DApp Ecosystem - Solana Chain
The UAW fluctuation of each project is within the normal range.
13.DApp Ecosystem - Arbitrum Chain
WooFi (DApp) - Launched by the cryptocurrency exchange WOO as a DeFi project, it recently gained positive attention in a short period due to its plans to buy back the shares and tokens previously acquired by the hedge fund Three Arrows Capital. This move is aimed at "eliminating uncertainties."
14.DApp Ecosystem - Base Chain
The UAW fluctuation of each project is within the normal range.
15.DApp Ecosystem - GameFi Sector Across All Chains
Jump Trade and QORPO were described earlier in the report. The UAW fluctuations of other projects are within the normal range.
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
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.
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) - The latest data from the friend.tech "Keys" price leaderboard shows that the crypto influencer Vombatus holds the top spot with 8.327 ETH; crypto influencer CBB0FE is in second place with 5.852 ETH; crypto influencer Levi ranks third with 4.692 ETH; and crypto influencers Herro and MURPHY_WIFE are tied for fourth place, each with 3.844 ETH.
21.Twitter Trends Token Top Rank
XRP (Token) - Ripple announced today that the U.S. Securities and Exchange Commission (SEC) has dropped all charges against its CEO Brad Garlinghouse and Executive Chairman Chris Larsen. This victory marks the third consecutive win for Garlinghouse, Larsen, and Ripple, following the ruling in July 2023 that declared XRP itself is not a security, and the subsequent October decision by a federal judge to dismiss the SEC's appeal request.
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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