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Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular

Bitget Research
2023/11/20
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular

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:

CATS (Token) - As a popular BRC-20 asset, CATS has seen 8819 transactions within 24 hours. It has 2198 holders and a trading volume of nearly US$6 million. The community has created this project to benefit from the popularity of the Rats asset. The total gas fee paid in BTC amounts to around US$1 million. The project's popularity is noteworthy, suggesting it should be monitored closely.
GROK (Token) - GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. It currently enjoys significant hype on-chain. Despite recent instances of FUD, the project confidently burned tokens worth nearly US$3 million. It has a market cap of US$66 million, and over the past two days, its price experienced a significant rebound, at one point surging by 60%. This uptrend is associated with the recent hype surrounding the AI sector.
MUBI (Token) - A trending project, MUBI primarily facilitates cross-chain transactions between BRC-20 and ERC-20 tokens. The project conducted its IDO on Bounce and received official comments from DWF Labs. The project's approach is well-targeted due to the high demand for BRC-20 tokens. MUBI has an open-source contract, with a 24-hour trading volume of approximately US$13 million and a market cap of US$14 million. It is advisable to keep this token on your radar.
SQUID (Token) - Squid Game Season 2 will be aired on Netflix on November 22. The SQUID token, the first and latest of its kind, has a 24-hour trading volume of US$1.16 million. The contract has been renounced, with LP sent to a burn address. The token's liquidity is currently at US$140,000. The subsequent developments of this token are worth observing.
POLS (Token) - The community discovered the PRC-20 token POLS, deployed in May. According to evm.link, the total supply of POLS is 21,000,000 tokens, and 100% have been minted. The address with the highest minting volume is a contract address (0xf362561959f51bc29f4b3abe801b5373b4e1a144), currently holding approximately 2,228,700 tokens, which is around 10% of the total supply.
LINK (Token) - LINK's trading activity has recently increased. As per recent Coinglass data, a number of Grayscale's cryptocurrency trust products have exhibited significant premiums. The premium rate for the LINK (Chainlink) Trust reached 250.50%. LINK token has maintained a long-standing position at the forefront of the Nansen Smart Money Inflow List.
GRT (Token) - The Graph. 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 infrastructure-focused, and it continues to develop despite the ongoing bear market. The project's token, GRT, has been listed on Bitget.

2.Popular NFTs:

Azuki (NFT) - The blue-chip projects of the NFT market such as CryptoPunks, BAYC, Pudgy Penguins, and Azuki have recently shown a notable rebound. As the market takes a positive turn and ETH experiences a rise in value, there has been an increase in the USDT value of NFTs, leading to a gradual resurgence of interest in NFTs among market participants. Recently, the successful token launch by Memeland has sparked the desire of other blue-chip NFT projects in similar operations.
Fren Pet (NFT) - A new NFT project on the Base chain. Currently, there are 37 NFTs minted in this series. The project's floor price is at 0.008 ETH, with a tota l trading volume of 0.0144 ETH. Both the trading activity and the project's popularity are relatively moderate at this stage. It is worth keeping an eye on for future developments.

3.Popular DApps:

Banana Gun (DApp) - The project is a Telegram Bot that helps users trade on DEXs. BananaGun's official announcement states that the protocol's total trading volume has reached US$388 million, ranking second in the BOT sector. Concurrently, the on- chain trading volume for its token hit a record high of US$8.65 million in one day, yielding 28 ETH in fees.
Starknet (DApp) - StarkNet will distribute 50 million STRK tokens to early ecosystem contributors. This initiative, termed the "Early Community Member Program" (ECMP), aims to reward individual contributors who encourage technical discussions, organize StarkNet-related events, and regularly release StarkNet branded content. Individuals and projects must apply for the rewards and provide detailed information about their contributions. Starknet's token launch is scheduled for January 22 of next year. Interacting with the platform in the near future may lead to opportunities for an airdrop.
MEV (DApp) - As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. Users must set a good trading slippage when trading memecoins to ensure successful token purchases and avoid sandwich attacks by MEV Bot. Trading without setting slippage may lead to significant losses.
RhinoFi (DApp) - Rhino.fi is a multi-chain decentralized finance (DeFi) aggregator that offers a frictionless cross-chain experience, enabling users to access the best DeFi opportunities in one secure and reliable place. As a Layer 2 solution, Rhino.fi aims to provide users with easy multi-chain token transfer capabilities, delivering an ultimate cross-chain operation experience. It allows users to seamlessly switch between different blockchains without the need for complex bridging or network switching.
Orbiter (DApp) - Orbiter is a renowned cross-chain bridge project leveraging ZK technology to accelerate cross-chain operations. It has technical advantages, offering relatively lower costs compared to other cross-chain bridge projects. Additionally, it serves as an important on-chain analytical tool, providing fundamental data about various DApps and Layer 2 situations on its official website. The project has not launched its token yet, making it an essential one to stay updated on.
Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.
Galxe (DApp) - Project Galaxy supports a variety of data sources, including both on-chain and off-chain. For on-chain credentials, curators can contribute through subgraph queries or static snapshots. For off-chain credentials, Project Galaxy has integrated with platforms like Snapshot.org, Twitter, and Github. This support for diverse data sources enables Project Galaxy to more broadly collect and utilize data.
LayerSwap (DApp) - LayerSwap functions as a bridging platform, facilitating the transfer of cryptocurrency assets (primarily ETH) from centralized exchanges such as Coinbase, Binance, and Houbi to Ethereum's Layer 2 wallet addresses like Arbitrium, Zk-sync, and Optimism. This service is especially beneficial for users looking to trade on Layer 2 networks and aiming to minimize transfer costs.
Hooked (DApp) - Hooked Protocol aims to address major challenges in the adoption of Web3, such as lack of user motivation, high entry barriers, and a shortage of Web3 education. The project encourages users to embark on their Web3 journey by offering gamified learning experiences and incentive mechanisms.
CoinTool (DApp) - A renowned on-chain toolbox, CoinTool, is frequently used for batch mining XEN. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.
Alcor.exchange (DApp) - Alcor Exchange is a highly flexible decentralized exchange (DEX) characterized by its self-listing feature. Established in 2020, the exchange has been committed to offering users a diverse range of trading pair options. It pioneered the self-listing and fully on-chain DEX on the EOS blockchain, enabling users access to extensive pairings on WAX, EOS, Proton, Telos, and BOS.
MeanFi (DApp) - A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX. The project has long been a leading DeFi application in the Solana ecosystem. Its main product feature is performing ERC20-ERC20 conversions using a Dollar Cost Average strategy. The project has recently cooperated with many projects from the Arbitrum ecosystem and integrated the DCA trading feature of STG and MIM.
Radiant (DApp) - The multi-chain lending protocol, Radiant Capital, has recently launched on the Ethereum mainnet. A total of 500,000 ARB tokens will be airdropped to all 6-12 month dLP lockers on the mainnet. The first snapshot for Starfleet season 2 commenced at Ethereum block height of 18479253, with the snapshot window concluding within 30-60 days.
Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. Aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period. The protocol also permits external protocols to incentivize specific liquidity pools through "bribes," increasing liquidity more efficiently than the amount spent on bribes.
Pixels (DApp) - Pixels is a blockchain-based, immersive, open-world MMO game. It leverages the power of Web3 to realize digital ownership for players and has created an engaging world where players can explore, complete tasks, and collaborate. The Pixels game was initially launched with a core mechanism centered around farming, cooking, and questing, and has gradually added social features such as trading, achievements, and leaderboards to foster interaction among players.
CoinTool (DApp) - A renowned on-chain toolbox, CoinTool, is frequently used for batch mining XEN. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.
Vertex (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross- margin trading services. It integrates spot, perpetual contracts, and money markets into one application. Vertex has announced its tokenomics and is currently conducting a 5-day Liquidity Bootstrapping Auction (LBA) public sale, with plans to launch its token soon.

4.Twitter Hot Topics:

KAS (Token) - KAS has recently experienced rapid growth, driving a noticeable resurgence and hype in the entire PoW sector. The KAS project itself is of high quality, making it an important one to keep on your radar.
BONK (Token) - A memecoin on the Solana chain, BONK has seen an approximate 22x increase in value over the past 30 days. With the resurgence of SOL, there has been a noticeable increase in speculative investment activities for BONK. It is advisable to keep this token on your radar.

5.Regional Trending Searches:

Aioz (Token) - Aioz is a recently popular AI infrastructure project. The AI sector within the cryptocurrency market has recently experienced a wave of intense speculation, resulting in considerable gains for both new and old tokens in this sector. It is advisable to keep this token on your radar.

Main Body

Written by: Bitget Research
Data collection time: November 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

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 0
CATS (Token) - As a popular BRC-20 asset, CATS has seen 8819 transactions within 24 hours. It has 2198 holders and a trading volume of nearly US$6 million. The community has created this project to benefit from the popularity of the Rats asset. The total gas fee paid in BTC amounts to around US$1 million. The project's popularity is noteworthy, suggesting it should be monitored closely.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data
Total active users on ETH: 366,407
New active users on ETH: 68,383, with a daily increase of 0.51%
Existing active users on ETH: 298,024, with a daily increase of 0.48%
2.1.2 New User Profile
Core data: There were a total of 68,383 new active users on ETH yesterday, with a daily increase of 0.51%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 1
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 2
Key Projects:
Banana Gun (DApp) - The project is a Telegram Bot that helps users trade on DEXs. BananaGun's official announcement states that the protocol's total trading volume has reached US$388 million, ranking second in the BOT sector. Concurrently, the on-chain trading volume for its token hit a record high of US$8.65 million in one day, yielding 28 ETH in fees.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 298,024, with a daily increase of 0.48%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 3
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 4
Key Projects:
Starknet (DApp) - StarkNet will distribute 50 million STRK tokens to early ecosystem contributors. This initiative, termed the "Early Community Member Program" (ECMP), aims to reward individual contributors who encourage technical discussions, organize StarkNet-related events, and regularly release StarkNet branded content. Individuals and projects must apply for the rewards and provide detailed information about their contributions. Starknet's token launch is scheduled for January 22 of next year. Interacting with the platform in the near future may lead to opportunities for an airdrop.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 5
GROK (Token) - GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. It currently enjoys significant hype on-chain. Despite recent instances of FUD, the project confidently burned tokens worth nearly US$3 million. It has a market cap of US$66 million, and over the past two days, its price experienced a significant rebound, at one point surging by 60%. This uptrend is associated with the recent hype surrounding the AI sector.
2.2.2 Uniswap V3
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 6
MUBI (Token) - A trending project, MUBI primarily facilitates cross-chain transactions between BRC-20 and ERC-20 tokens. The project conducted its IDO on Bounce and received official comments from DWF Labs. The project's approach is well-targeted due to the high demand for BRC-20 tokens. MUBI has an open-source contract, with a 24-hour trading volume of approximately US$13 million and a market cap of US$14 million. It is advisable to keep this token on your radar.

2.3 Popular NFTs

2.3.1 Top NFT Collections
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 7
Azuki (NFT) - The blue-chip projects of the NFT market such as CryptoPunks, BAYC, Pudgy Penguins, and Azuki have recently shown a notable rebound. As the market takes a positive turn and ETH experiences a rise in value, there has been an increase in the USDT value of NFTs, leading to a gradual resurgence of interest in NFTs among market participants. Recently, the successful token launch by Memeland has sparked the desire of other blue-chip NFT projects in similar operations.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data
Total active users on BSC: 876,928
New active users on BSC: 110,481, with a daily decrease of 5.45%
Existing active users on BSC: 766,447, with a daily decrease of 5.19%
3.1.2 New User Profile
Core data: There were a total of 110,481 new active users on BSC yesterday, with a daily decrease of 5.45%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 8
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 9
Key Projects:
Inscription Mint (Token) - Recently, inscription assets like BNBS and BNBI have emerged on the BSC, showing high activity. Currently, 85% of BNBI has been minted, with over 4500 holders.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 766,447, with a daily decrease of 5.19%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 10
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 11
Key Projects:
Inscription Mint (Token) - Recently, inscription assets like BNBS and BNBI have emerged on the BSC, showing high activity. Currently, 85% of BNBI has been minted, with over 4500 holders.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 12
SQUID (Token) - Squid Game Season 2 will be aired on Netflix on November 22. The SQUID token, the first and latest of its kind, has a 24-hour trading volume of US$1.16 million. The contract has been renounced, with LP sent to a burn address. The token's liquidity is currently at US$140,000. The subsequent developments of this token are worth observing.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data
Total active users on Polygon: 373,683
New active users on Polygon: 93,451, with a daily decrease of 19.38%
Existing active users on Polygon: 280,232, with a daily decrease of 1.90%
4.1.2 New User Profile
Core data: There were a total of 93,451 new active users on Polygon yesterday, with a daily decrease of 19.38%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 13
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 14
Key Projects:
POLS (Token) - The community discovered the PRC-20 token POLS, deployed in May. According to evm.link, the total supply of POLS is 21,000,000 tokens, and 100% have been minted. The address with the highest minting volume is a contract address (0xf362561959f51bc29f4b3abe801b5373b4e1a144), currently holding approximately 2,228,700 tokens, which is around 10% of the total supply.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 280,232, with a daily decrease of 1.90%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 15
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 16
Key Projects:
MEV (DApp) - As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. Users must set a good trading slippage when trading memecoins to ensure successful token purchases and avoid sandwich attacks by MEV Bot. Trading without setting slippage may lead to significant losses.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 17
LINK (Token) - LINK's trading activity has recently increased. As per recent Coinglass data, a number of Grayscale's cryptocurrency trust products have exhibited significant premiums. The premium rate for the LINK (Chainlink) Trust reached 250.50%. LINK token has maintained a long-standing position at the forefront of the Nansen Smart Money Inflow List.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data
Total Active Users on Arbitrum: 229,729
New Active Users on Arbitrum: 25,158, with a daily increase of 14.04%
Existing Active Users on Arbitrum: 204,571, with a daily decrease of 5.83%
5.1.2 New User Profile
Core data: There were a total of 25,158 new active users on Arbitrum yesterday, with a daily increase of 14.04%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 18
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 19
Key Projects:
RhinoFi (DApp) - Rhino.fi is a multi-chain decentralized finance (DeFi) aggregator that offers a frictionless cross-chain experience, enabling users to access the best DeFi opportunities in one secure and reliable place. As a Layer 2 solution, Rhino.fi aims to provide users with easy multi-chain token transfer capabilities, delivering an ultimate cross-chain operation experience. It allows users to seamlessly switch between different blockchains without the need for complex bridging or network switching.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 204,571, with a daily decrease of 5.83%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 20
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 21
Key Projects:
Orbiter (DApp) - Orbiter is a renowned cross-chain bridge project leveraging ZK technology to accelerate cross-chain operations. It has technical advantages, offering relatively lower costs compared to other cross-chain bridge projects. Additionally, it serves as an important on-chain analytical tool, providing fundamental data about various DApps and Layer 2 situations on its official website. The project has not launched its token yet, making it an essential one to stay updated on.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 22
GRT (Token) - The Graph. 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 infrastructure-focused, and it continues to develop despite the ongoing bear market. The project's token, GRT, has been listed on Bitget.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data
Total Active Users on Base: 69,332
New Active Users on Base: 13,416, with a daily increase of 25.00%
Existing Active Users on Base: 55,916, with a daily increase of 2.92%
6.1.2 New User Profile
Core data: There were a total of 13,416 new active users on Base yesterday, with a daily increase of 25.00%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 23
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 24
Key Projects:
Fren Pet (NFT) - A new NFT project on the Base chain. Currently, there are 37 NFTs minted in this series. The project's floor price is at 0.008 ETH, with a total trading volume of 0.0144 ETH. Both the trading activity and the project's popularity are relatively moderate at this stage. It is worth keeping an eye on for future developments. https://opensea.io/collection/fren-pet-11
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 55,916, with a daily increase of 2.92%
Popular Sectors
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 25
Popular Projects
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 26
Key Projects:
Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.

7. DApp Ecosystem - All Chains

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 27
Galxe (DApp) - Project Galaxy supports a variety of data sources, including both on-chain and off-chain. For on-chain credentials, curators can contribute through subgraph queries or static snapshots. For off-chain credentials, Project Galaxy has integrated with platforms like Snapshot.org, Twitter, and Github. This support for diverse data sources enables Project Galaxy to more broadly collect and utilize data.

8.DApp Ecosystem - ETH Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 28
LayerSwap (DApp) - LayerSwap functions as a bridging platform, facilitating the transfer of cryptocurrency assets (primarily ETH) from centralized exchanges such as Coinbase, Binance, and Houbi to Ethereum's Layer 2 wallet addresses like Arbitrium, Zk-sync, and Optimism. This service is especially beneficial for users looking to trade on Layer 2 networks and aiming to minimize transfer costs.

9.DApp Ecosystem - BSC

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 29
Hooked (DApp) - Hooked Protocol aims to address major challenges in the adoption of Web3, such as lack of user motivation, high entry barriers, and a shortage of Web3 education. The project encourages users to embark on their Web3 journey by offering gamified learning experiences and incentive mechanisms.

10.DApp Ecosystem - Polygon Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 30
CoinTool (DApp) - A renowned on-chain toolbox, CoinTool, is frequently used for batch mining XEN. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.

11.DApp Ecosystem - WAX Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 31
Alcor.exchange (DApp) - Alcor Exchange is a highly flexible decentralized exchange (DEX) characterized by its self-listing feature. Established in 2020, the exchange has been committed to offering users a diverse range of trading pair options. It pioneered the self-listing and fully on-chain DEX on the EOS blockchain, enabling users access to extensive pairings on WAX, EOS, Proton, Telos, and BOS.

12.DApp Ecosystem - Solana Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 32
MeanFi (DApp) - A multi-chain swap DeFi application, with main modules including a payment stream system, and an aggregated DEX. The project has long been a leading DeFi application in the Solana ecosystem. Its main product feature is performing ERC20-ERC20 conversions using a Dollar Cost Average strategy. The project has recently cooperated with many projects from the Arbitrum ecosystem and integrated the DCA trading feature of STG and MIM.

13.DApp Ecosystem - Arbitrum Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 33
Radiant (DApp) - The multi-chain lending protocol, Radiant Capital, has recently launched on the Ethereum mainnet. A total of 500,000 ARB tokens will be airdropped to all 6-12 month dLP lockers on the mainnet. The first snapshot for Starfleet season 2 commenced at Ethereum block height of 18479253, with the snapshot window concluding within 30-60 days.

14.DApp Ecosystem - Base Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 34
Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. Aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period. The protocol also permits external protocols to incentivize specific liquidity pools through "bribes," increasing liquidity more efficiently than the amount spent on bribes.

15.DApp Ecosystem - GameFi Sector Across All Chains

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 35
Pixels (DApp) - Pixels is a blockchain-based, immersive, open-world MMO game. It leverages the power of Web3 to realize digital ownership for players and has created an engaging world where players can explore, complete tasks, and collaborate. The Pixels game was initially launched with a core mechanism centered around farming, cooking, and questing, and has gradually added social features such as trading, achievements, and leaderboards to foster interaction among players.

16.Gas Fee Consumption - ETH Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 36
StarkEx (DApp) - Starknet Bridge has shown notable activity recently. According to L2beat data, Starknet's TVL has been steadily increasing.

17.Gas Fee Consumption - BSC

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 37
PancakeSwap (DApp) - PancakeSwap is set to launch Butter Finance, a decentralized meta-governance and yield enhancement platform based on the veCAKE model. The introduction of veCAKE will allow governance participants to gain proposal voting rights, fee claims, CAKE release control, and up to 3 times reward enhancement when providing liquidity on PancakeSwap.

18.Gas Fee Consumption - Polygon Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 38
CoinTool (DApp) - A renowned on-chain toolbox, CoinTool, is frequently used for batch mining XEN. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.

19.Gas Fee Consumption - Arbitrum Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 39
Vertex (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross-margin trading services. It integrates spot, perpetual contracts, and money markets into one application. Vertex has announced its tokenomics and is currently conducting a 5-day Liquidity Bootstrapping Auction (LBA) public sale, with plans to launch its token soon.

20.Gas Fee Consumption - Base Chain

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 40
DuelArena Battle (DApp) - A pixel-style gaming project on the Base chain, DuelArena Battle has recently become highly popular. With a specific airdrop in place, there is noticeable user participation driven by FOMO. It is advisable to keep this project on your radar.

21.Top Trending Tokens on Twitter

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 41
KAS (Token) - KAS has recently experienced rapid growth, driving a noticeable resurgence and hype in the entire PoW sector. The KAS project itself is of high quality, making it an important one to keep on your radar.
BONK (Token) - A memecoin on the Solana chain, BONK has seen an approximate 22x increase in value over the past 30 days. With the resurgence of SOL, there has been a noticeable increase in speculative investment activities for BONK. It is advisable to keep this token on your radar.

22.Google Trends - Global

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 42
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 43
Aioz (Token) - Aioz is a recently popular AI infrastructure project. The AI sector within the cryptocurrency market has recently experienced a wave of intense speculation, resulting in considerable gains for both new and old tokens in this sector. It is advisable to keep this token on your radar.

23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 44
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 45
a) South Asia Region
India Trends: satoshi nakamoto, pie, tia
Pakistan Trends: crypto bubbles, usdt to pkr
b) Southeast Asia Region
Malaysia Trends: crypto bubble
Vietnam Trends: crypto rank, crypto currency
Singapore Trends: best crypto wallet, coinbase, crypto market cap
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: crypto.com

24.Google Trends Surge - English-speaking Countries, Europe, CIS Region

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 46
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 47
a) CIS Region
Trends: crypto news, airdrop crypto, crypto bubbles
b) English-speaking Countries
Australia Trends: aave, uniswap, Irc, chaingpt
UK Trends: skale crypto, tvk, woo, fet, aioz
USA Trends: zeph crypto, aioz, nxra, neo
Canada Trends: aioz, m2, kaspa, ren
c) Europe
France Trends: amp, aioz, altair, zengo
Poland Trends: okx crypto, etoro, tao
Switzerland Trends: karken, atom, tao
Turkey Trends: fire faucet, crypto market cap
Germany Trends: dogecoin, celestia, casper crypto
Italy Trends: kujira, ordi, bonk

25.Google Trends Surge - Middle East, Latin America, Africa

Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 48
Bitget Research: BTC Reclaims US$37,000, Polygon Inscription Remains Popular image 49
a) Africa
South Africa Trends: avax, best crypto trading platform
Nigeria Trends: best crypto wallet in nigeria, crypto news today
b) Middle East
UAE Trends: coinbase, crypto prices, crypto bubbles
c) Latin America
Brazil Trends: binance, free bitcoin, kaspa crypto
Argentina Trends: dolar crypto, dai crypto

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