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Bitget Research: BlackRock Progresses with Bitcoin ETF Application, Wormhole Secures US$225 Million in Financing
Bitget Research
2023/11/30
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:
piin (Token) - Piin, a BRC-20 token hyped by the Chinese-speaking community, has seen a trading volume of US$1.6 million in the last 24 hours, indicating high popularity.
GROK (Token) - GROK is a
memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. The token has generated considerable hype on the chain, despite recent instances of FUD suggesting the project creator was a scammer, which led to a significant drop in its value. However, the project team responded promptly and burned tokens worth nearly US$3 million, pushing its market cap to over US$100 million again. The price has rebounded significantly over the past three days, breaking its previous high likely due to the recent hype surrounding the AI sector.
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.
EDU (Token) - Open Campus is a community-driven Web3 education platform. Recently, Binance Labs announced a US$3.15 million investment in the platform. Concurrently, Animoca has announced plans to purchase additional EDU tokens from the open market. Influenced by these developments, the EDU token saw a 13% increase over the past 7 days and a 24-hour trading volume of US$22 million.
Myria (Token) - Myria is a Layer 2 network based on zk rollup technology, primarily targeting the gaming industry and players. The Myria platform offers API, SDK, and other business solutions for streamlined blockchain processes, while providing unparalleled speed, security, and scalability. With the recent surge in Gamefi trends, the Myria token has demonstrated promising performance.
2.Popular NFTs:
Arbitrum_odyssey - StarNFTV3 (NFT) - This NFT is a commemorative NFT for Arbitrum Odyssey. Due to the substantial number of airdrops received by users in the previous round of Arbitrum Odyssey, the current round continues to attract significant numbers of participants.
3.Popular DApps:
Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.
PancakeSwap (DApp) - PancakeSwap is a decentralized exchange based on the BSC. Recently, it has significantly increased its trading volume and doubled its market share with the launch of its V3 version. PancakeSwap V3 brings numerous improvements, including increased capital efficiency, reduced trader fees, enhanced rewards for liquidity providers, and an improved user experience. It has also ventured into blockchain gaming, introduced fiat channels, and expanded its Yield Farming. Furthermore, PancakeSwap plans to automate liquidity provision, introduce veCAKE for governance voting, and integrate a notification system. It also plans to increase prediction fees through multi-chain expansion, reduce the maximum supply of CAKE, restore trading competitions, and explore
partnerships with asset-backed protocols and expansion into GameFi platforms.
Hooked Protocol (DApp) - Hooked Protocol aims to establish a community-driven social network with a tokenomics design. Recently, it initiated the opBNB mainnet launch and the Hooked staking program.
Smart Cats (DApp) - An application associated with SmartLayer. The NFTs issued by the project currently has over 800,000 holders. By feeding and cleaning Smart Cats, the NFTs can be upgraded. The high trading volume of the NFTs is driven by users' anticipation of
future airdrops from SmartLayer.
TheGraph (DApp) - The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. Currently, 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.
Duel Arena (DApp) - A popular PvP social gaming project on the Base chain, Duel Arena has seen over 1000 active users in the past 7 days, with a trading volume surpassing US$3.84 million.
Manifold (DApp) -
A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It also serves as a platform for users to mint NFTs. Artists can create their own single-page auction websites through the Gallery application in the Manifold Studio. Previously, the platform collaborated with several prominent artists and studios, generating substantial income for these artists.
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. It has recently completed its TGE, and the VRTX token was initially listed on Bitget, Bybit, and KuCoin exchanges. The platform has seen a trading volume of US$51.2 million in the past 24 hours.
Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.
4.Twitter Hot Topics:
EDU (Token) - Open Campus is a community-driven Web3 education platform. Recently, Binance Labs announced a US$3.15 million investment in the platform. Concurrently, Animoca has announced plans to purchase additional EDU tokens from the open market. Influenced by these developments, the EDU token saw a 13% increase over the past 7 days and a 24-hour trading volume of US$22 million.
5.Regional Trending Searches:
BTC (Coin) - BTC briefly surpassed its previous high yesterday, reaching US$38,450, followed by a significant pullback. It has since stabilized again around the US$38,000 point. The bearish divergence on Bitcoin's daily chart remains uncorrected. The daily chart is at a high level, and the US$38,500 point on Bitcoin's weekly chart is a crucial resistance level. If it repeatedly consolidates and firmly breaks through this level, it could directly surge near US$40,000. On the flip side, if it falls below US$37,500 effectively, further downward adjustments are likely.
Main Body
Written by: Bitget Research
Data collection time: November 30, 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)
5) In this report, the term "Entity" refers to both Contract Account (CA) and Ethereum Original Account (EOA), and is not a result of the aggregation of actual entity addresses.
1.BTC Profile - BRC-20
piin (Token) - Piin, a BRC-20 token hyped by the Chinese-speaking community, has seen a trading volume of US$1.6 million in the last 24 hours, indicating high popularity.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 388,020
New active users on ETH: 75,317, with a daily increase of 2.79%
Existing active users on ETH: 312,703, with a daily increase of 0.04%
2.1.2 New User Profile
Core data: There were a total of 75,317 new active users on ETH yesterday, with a daily increase of 2.79%
Popular Sectors
Popular Projects
Key Projects:
Inscription mint - There has been a significant number of new inscription transactions on the Ethereum chain, indicating that the enthusiasm for inscriptions on the chain remains high.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 312,703, with a daily increase of 0.04%
Popular Sectors
Popular Projects
Key Projects:
Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
GROK (Token) - GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. The token has generated considerable hype on the chain, despite recent instances of FUD suggesting the project creator was a scammer, which led to a significant drop in its value. However, the project team responded promptly and burned tokens worth nearly US$3 million, pushing its market cap to over US$100 million again. The price has rebounded significantly over the past three days, breaking its previous high likely due to the recent hype surrounding the AI sector.
2.2.2 Uniswap V3
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.
2.3 Popular NFTs
2.3.1 Top NFT Collections
NFT blue-chip projects (BAYC, Azuki, Pudgy Penguins, Moonbirds, etc.) have experienced a slight rebound in trading volume, indicating a gradual recovery of the NFT market.
3.Blockchain Profile - BSC
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,017,677
New active users on BSC: 157,609, with a daily decrease of 1.42%
Existing active users on BSC: 860,068, with a daily decrease of 0.20%
3.1.2 New User Profile
Core data: There were a total of 157,609 new active users on BSC yesterday, with a daily decrease of 1.42%
Popular Sectors
Popular Projects
Key Projects:
PancakeSwap (DApp) - PancakeSwap is a decentralized exchange based on the BSC. Recently, it has significantly increased its trading volume and doubled its market share with the launch of its V3 version. PancakeSwap V3 brings numerous improvements, including increased capital efficiency, reduced trader fees, enhanced rewards for liquidity providers, and an improved user experience. It has also ventured into blockchain gaming, introduced fiat channels, and expanded its Yield Farming. Furthermore, PancakeSwap plans to automate liquidity provision, introduce veCAKE for governance voting, and integrate a notification system. It also plans to increase prediction fees through multi-chain expansion, reduce the maximum supply of CAKE, restore trading competitions, and explore partnerships with asset-backed protocols and expansion into GameFi platforms.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 860,068, with a daily decrease of 0.20%
Popular Sectors
Popular Projects
Key Projects:
Hooked Protocol (DApp) - Hooked Protocol aims to establish a community-driven social network with a tokenomics design. Recently, it initiated the opBNB mainnet launch and the Hooked staking program.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
AIOZ (Token) was described earlier in the report.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 394,812
New active users on Polygon: 86,216, with a daily increase of 23.37%
Existing active users on Polygon: 308,596, with a daily decrease of 7.41%
4.1.2 New User Profile
Core data: There were a total of 86,216 new active users on Polygon yesterday, with a daily increase of 23.37%
Popular Sectors
Popular Projects
Key Projects:
New users on Polygon are actively minting inscriptions.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 308,596, with a daily decrease of 7.41%
Popular Sectors
Popular Projects
Key Projects:
Smart Cats (DApp) - An application associated with SmartLayer. The NFTs issued by the project currently has over 800,000 holders. By feeding and cleaning Smart Cats, the NFTs can be upgraded. The high trading volume of the NFTs is driven by users' anticipation of future airdrops from SmartLayer.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
On Polygon, trading activity for Uniswap primarily focuses on mainstream trading pairs, with no particularly noteworthy tokens.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 204,450
New Active Users on Arbitrum: 26,235, with a daily increase of 21.16%
Existing Active Users on Arbitrum: 178,215, with a daily increase of 1.30%
5.1.2 New User Profile
Core data: There were a total of 26,235 new active users on Arbitrum yesterday, with a daily increase of 21.16%
Popular Sectors
Popular Projects
Key Projects:
TheGraph (DApp) - The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. Currently, 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.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 178,215, with a daily increase of 1.30%
Popular Sectors
Popular Projects
Key Projects:
Arbitrum_odyssey - StarNFTV3 (NFT) - This NFT is a commemorative NFT for Arbitrum Odyssey. Due to the substantial number of airdrops received by users in the previous round of Arbitrum Odyssey, the current round continues to attract significant numbers of participants.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
RDNT (Token) - Radiant Capital aims to become an omni-chain monetary market where users can deposit any major asset on any major blockchain and borrow various supported assets across multiple chains. This approach is designed to eliminate liquidity silos in the DeFi space. The project utilizes LayerZero messaging and Stargate's stable routing interface to facilitate cross-chain interoperability. This allows lenders to reclaim their collateral and direct which chain to withdraw funds from.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 61,032
New Active Users on Base: 8,049, with a daily increase of 1.40%
Existing Active Users on Base: 52,983, with a daily increase of 11.87%
6.1.2 New User Profile
Core data: There were a total of 8,049 new active users on Base yesterday, with a daily increase of 1.40%
Popular Sectors
Popular Projects
Key Projects:
Duel Arena (DApp) - A popular PvP social gaming project on the Base chain, Duel Arena has seen over 1000 active users in the past 7 days, with a trading volume surpassing US$3.84 million.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 52,983, with a daily increase of 11.87%
Popular Sectors
Popular Projects
Key Projects:
Fren Pet (DApp) - A new NFT project on the Base chain. Fren Pet is a cross-chain pet simulation game inspired by Friend.tech and developed jointly by Adam (@surfcoderepeat) and Cadu (@cadu_veloso). Some influencers are actively promoting the project on social media. Currently, the DApp shows average stability, with instances of downtime that were quickly resolved. It is worth keeping an eye on for future developments.
7. DApp Ecosystem - All Chains
Sweat Economy (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. Users can earn SWEAT tokens through its Sweat Wallet application by engaging in daily physical activities.
8.DApp Ecosystem - ETH Chain
Manifold (DApp) -
A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It also serves as a platform for users to mint NFTs. Artists can create their own single-page auction websites through the Gallery application in the Manifold Studio. Previously, the platform collaborated with several prominent artists and studios, generating substantial income for these artists.
9.DApp Ecosystem - BSC
PinkSale (DApp) - PinkSale is a decentralized Launchpad platform that focuses on supporting new project financing through global funding. The platform allows entrepreneurs to access a vast network of investors who are ready to fund new cryptocurrency and blockchain projects.
10.DApp Ecosystem - Polygon Chain
CARV (DApp) - CARV is an AI-powered super app focused on socializing, authenticating, and publishing within gaming. It enables users to self-verify ownership, role actions, social connections, or past experiences as credentials. The platform builds reputation through consented zero-party data. CARV is a user-centric platform, offering true data autonomy, where users can control and monetize their identity and data.
11.DApp Ecosystem - WAX Chain
Alcor.exchange (DApp) - Alcor.exchange is a decentralized exchange (DEX). It offers limit and market trading (on-chain matching) without any fees, fully implemented through smart contracts.
12.DApp Ecosystem - Solana Chain
Magic Eden (DApp) - Magic Eden is recognized for its user-friendly interface, rapid processing times, robust security, and an array of standout features that simplify the buying and selling experience. For instance, Magic Eden collaborates closely with creators via its Launchpad, assisting them in crafting, minting, marketing, and successfully launching projects. Designed specifically for trading non-fungible tokens (NFTs), Magic Eden operates as a peer-to-peer marketplace built on the Solana chain.
13.DApp Ecosystem - Arbitrum Chain
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.
14.DApp Ecosystem - Base Chain
Dmail Network (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.
15.DApp Ecosystem - GameFi Sector Across All Chains
Axie Infinity (DApp) - Developed in 2018, Axie Infinity is a blockchain game where players engage in battles, collect, raise, and build a kingdom based on "Axies" (virtual creatures akin to pets). It is considered a revolutionary innovation in the Play2Earn category of on-chain games.
16.Gas Fee Consumption - ETH Chain
Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.
17.Gas Fee Consumption - BSC
Metamask (DApp) - The official Swap router for Metamask generally has higher fees compared to other DEX Swaps and routers. However, it offers more convenient transactions by eliminating numerous trading barriers. Metamask maintains a solid user base on
blockchains where the gas fees are relatively low.
18.Gas Fee Consumption - Polygon Chain
Smart Cats (NFT) - An NFT associated with SmartLayer, Smart Cats currently has over 800,000 holders. By feeding and cleaning Smart Cats, the NFTs can be upgraded. The high trading volume of the NFTs is driven by users' anticipation of future airdrops from SmartLayer.
19.Gas Fee Consumption - Arbitrum Chain
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. It has recently completed its TGE, and the VRTX token was initially listed on Bitget, Bybit, and KuCoin exchanges. The platform has seen a trading volume of US$51.2 million in the past 24 hours.
20.Gas Fee Consumption - Base Chain
Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.
21.Top Trending Tokens on Twitter
EDU (Token) - Open Campus is a community-driven Web3 education platform. Recently, Binance Labs announced a US$3.15 million investment in the platform. Concurrently, Animoca has announced plans to purchase additional EDU tokens from the open market. Influenced by these developments, the EDU token saw a 13% increase over the past 7 days and a 24-hour trading volume of US$22 million.
22.Google Trends - Global
BTC (Coin) - BTC briefly surpassed its previous high yesterday, reaching US$38,450, followed by a significant pullback. It has since stabilized again around the US$38,000 point. The bearish divergence on Bitcoin's daily chart remains uncorrected. The daily chart is at a high level, and the US$38,500 point on Bitcoin's weekly chart is a crucial resistance level. If it repeatedly consolidates and firmly breaks through this level, it could directly surge near US$40,000. On the flip side, if it falls below US$37,500 effectively, further downward adjustments are likely.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: CMC, Wormhole, Iota
Pakistan Trends: coingalss, ustc, crypto bubble, luna
b) Southeast Asia Region
Malaysia Trends: iota, ustc, ftm, btc
Thailand Trends: ustc, iota
Singapore Trends: ustc, mas
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: ustc, xdc, qnt
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region
Trends: wormhole, bybit, ARKM
b) English-speaking Countries
Australia Trends: ustc, cortex, wormhole, luna, ngs
UK Trends: lunc, sol, gmx, hex, trac
USA Trends: wormhole, iota, dimo, ustc, kudos
Canada Trends: imx, wormhole, ustc, avax, lunc, fet
c) Europe
France Trends: perl, iota, cx, ctxc, inj, ali
Poland Trends: ustc, wormhole, luna
Switzerland Trends: wormhole, ustc, tao, theta
Turkey Trends: yuki crypto 50, iota
Germany Trends: qnt, luna, cro, wormhole
Italy Trends: wormhole, tvl
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
South Africa Trends: eth, btc
Nigeria Trends: crypto tab
b) Middle East
UAE Trends: BTC, Coinbase, CMC
c) Latin America
Brazil Trends: SHIB, SEI, GALA, HNT, MYRIA, LINK
Argentina Trends: IOTA, PEPE, LUNC, CAKE, SHIB, USTC, BTC
Reference Links
-
Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
-
Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview
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