Bitget Research: Avalanche Drives Up Volume and Price Following Solana, TIA Price Hits New Highs

In the past 24 hours, many new popular tokens and topics have emerged in the d1e22ce2-c80b-4f79-b8e4-ef06f94a72e4, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

SATS (BRC-20 Token) - Binance has listed SATS, reigniting the hype for BRC-20 tokens. The value of SATS surged by over 100% in a short period, with over 5x increase in trading volume. The 24-hour trading volume surpassed US$130 million. This surge also stimulated a sharp rise in other BRC-20 tokens like ORDI and RATS.

IMX (Token) - IMX has recently seen high trading activity, with significant activities from whales. Data from Nansen 2 reveals that approximately US$2.99 million of smart money flowed into IMX, according to Smart Money 24-hour Ethereum network fund inflow tracking list. Lookonchain monitoring revealed that three wallets, possibly owned by the same whale, withdrew 4.3 million IMX tokens (valued at US$9.6 million) from Binance and continued to buy more on exchanges.

QI (Token) - QI is the native token of the Avalanche ecosystem lending protocol BENQI, and its price performance has been strong recently. According to DefiLlama, BENQI's TVL has pulled back, surpassing US$520 million. This marks a gain of over 50% in the past 7 days, setting a new high for 2023.

INJ (Token) - Injective, a blockchain specifically tailored for applications and built using the Cosmos SDK, aims to be an interoperable layer for decentralized trading infrastructure. INJ's price has seen a significant increase over the past 24 hours. Recently, the term "InCel" has been frequently mentioned in the crypto community, referring to the Layer 1 blockchain Injective and the modular blockchain Celestia, both based on Cosmos. These two projects have shown notable price performances recently.

MND (Token) - This is a new AI-themed project. It has liquidity of US$1.18 million in the on-chain trading pool, with a 24-hour trading volume of US$4.38 million, and 2.20K holders on-chain. The contract has been renounced.

2.Popular NFTs:

Pudgy Penguins (NFT) - Pudgy Penguins has announced the launch of Pudgy World Alpha in the first quarter of 2024, supported by zkSync. Pudgy World is a digital experience that completes the physical product loop. Pudgy Toy holders can scan the accompanying QR code, create an account, redeem features, and customize their Forever Pudgy Penguin. A significant part of the Pudgy World Alpha release is the introduction of new characters Pudgy Peaches.

3.Popular DApps:

Chainlink (DApp) - Chainlink has announced that as of December 12, Chainlink Staking v0.2 has been made available to the public. Since the community pool reached its capacity during the early access period, LINK staking is possible for anyone when space becomes available following the withdrawal of current stakers.

Port3 (DApp) - Social data gateway Port3 Network announced that the cumulative trading volume for its BQL trading mining has exceeded US$100 million, with fee revenues reaching US$500,000. BQL trading mining is an event hosted by Port3 Network, where users can participate in an 80% cash reward pool of transaction fees and a total of 350 million Gemstone rewards by running BQL scripts to execute trades.

Polygon (DApp) - 1. International Federation of Football Association (FIFA) has shifted to launching NFTs on the Polygon network (FIFA's NFTs were initially minted on Algorand); 2. Polygon Labs announced the launch of Polygon Portal. The Polygon Portal provides a comprehensive dashboard for bridging and managing assets on Polygon PoS, Polygon zkEVM, and Ethereum. It offers a unified bridging user experience, third-party bridges, Refuel Gas feature, developer tools, documentation, support, and feedback.

XPET (DApp) - The XPET mobile version has been launched today. XPET is a SocialFi project on the Arbitrum chain, with gameplay similar to Fren Pet, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Unlike Fren Pet's "main screen" gameplay, xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter.

MUX Protocol (DApp) - MUX has set a new 7-day trading volume record, with this week's trading volume reaching US$1.52 billion. MUX Protocol is a decentralized perpetual aggregator that can automatically select the best liquidity path, reducing trading costs while meeting the demands for opening positions.

4.Twitter Hot Topics:

IMX (Token) - IMX has recently seen high trading activity, with significant activities from whales. Data from Nansen 2 reveals that approximately US$2.99 million of smart money flowed into IMX, according to Smart Money 24-hour Ethereum network fund inflow tracking list. Lookonchain monitoring revealed that three wallets, possibly owned by the same whale, withdrew 4.3 million IMX tokens (valued at US$9.6 million) from Binance and continued to buy more on exchanges.

5.Regional Trending Searches:

QI (Token) - QI is the native token of the Avalanche ecosystem lending protocol BENQI, and its price performance has been strong recently. According to DefiLlama, BENQI's TVL has pulled back, surpassing US$520 million. This marks a gain of over 50% in the past 7 days, setting a new high for 2023.

Main Body

Written by: Bitget Research

Data collection time: December 12, 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

SATS (BRC-20 Token) - Binance has listed SATS, reigniting the hype for BRC-20 tokens. The value of SATS surged by over 100% in a short period, with over 5x increase in trading volume. The 24-hour trading volume surpassed US$130 million. This surge also stimulated a sharp rise in other BRC-20 tokens like ORDI and RATS.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 409,853

New active users on ETH: 80,798, with a daily decrease of 8.35%

Existing active users on ETH: 329,055, with a daily decrease of 4.63%

2.1.2 New User Profile

Core data: There were a total of 80,798 new active users on ETH yesterday, with a daily decrease of 8.35%

Popular Sectors

Popular Projects

zkSync Era (DApp) - zkSync Era has accumulated over 4.9 million total unique addresses and 186 million total successful transactions. The NFT project Pudgy Penguins is planning to launch Pudgy World Alpha in the first quarter of 2024, which will be supported by zkSync.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 329,055, with a daily decrease of 4.63%

Popular Sectors

Popular Projects

Chainlink (DApp) - Chainlink has announced that as of December 12, Chainlink Staking v0.2 has been made available to the public. Since the community pool reached its capacity during the early access period, LINK staking is possible for anyone when space becomes available following the withdrawal of current stakers.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

MND (Token) - This is a new AI-themed project. It has liquidity of US$1.18 million in the on-chain trading pool, with a 24-hour trading volume of US$4.38 million, and 2.20K holders on-chain. The contract has been renounced.

2.2.2 Uniswap V3

INJ (Token) - Injective, a blockchain specifically tailored for applications and built using the Cosmos SDK, aims to be an interoperable layer for decentralized trading infrastructure. INJ's price has seen a significant increase over the past 24 hours. Recently, the term "InCel" has been frequently mentioned in the crypto community, referring to the Layer 1 blockchain Injective and the modular blockchain Celestia, both based on Cosmos. These two projects have shown notable price performances recently.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Pudgy Penguins (NFT) - Pudgy Penguins has announced the launch of Pudgy World Alpha in the first quarter of 2024, supported by zkSync. Pudgy World is a digital experience that completes the physical product loop. Pudgy Toy holders can scan the accompanying QR code, create an account, redeem features, and customize their Forever Pudgy Penguin. A significant part of the Pudgy World Alpha release is the introduction of new characters Pudgy Peaches.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,042,802

New active users on BSC: 182,683, with a daily increase of 24.99%

Existing active users on BSC: 860,119, with a daily increase of 5.73%

3.1.2 New User Profile

Core data: There were a total of 182,683 new active users on BSC yesterday, with a daily increase of 24.99%

Popular Sectors

Popular Projects

TinyTap (DApp) - TinyTap is a vast library of games created by educators. Now under the umbrella of Animoca Brands, the project is dedicated to forging an open, blockchain-driven educational ecosystem. Animoca Brands has announced plans to purchase additional EDU tokens from the open market. Binance Labs invested US$3.15 million in the Web3 education protocol Open Campus, bringing a significant level of traffic to the Web3 education sector.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 860,119, with a daily increase of 5.73%

Popular Sectors

Popular Projects

Port3 (DApp) - Social data gateway Port3 Network announced that the cumulative trading volume for its BQL trading mining has exceeded US$100 million, with fee revenues reaching US$500,000. BQL trading mining is an event hosted by Port3 Network, where users can participate in an 80% cash reward pool of transaction fees and a total of 350 million Gemstone rewards by running BQL scripts to execute trades.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

KEKE (Token) - A frog-themed memecoin on the BSC. This project recently had its TGE within the past four days. KEKE currently has 72.13K holders on-chain and registered a 24-hour trading volume of US$3.51 million, with 17,593 on-chain transactions in the same period.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 415,435

New active users on Polygon: 67,145, with a daily decrease of 0.54%

Existing active users on Polygon: 348,290, with a daily increase of 0.13%

4.1.2 New User Profile

Core data: There were a total of 67,145 new active users on Polygon yesterday, with a daily decrease of 0.54%

Popular Sectors

Popular Projects

Port3 was described earlier in the report.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 348,290, with a daily increase of 0.13%

Popular Sectors

Popular Projects

Smart Cats (NFT) - An NFT project launched by SmartLayer, which has very high on-chain popularity. Users can interact with Smart Cats NFTs by feeding, cleaning, and other activities. The NFTs have a very high level of interaction.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Polygon (DApp) - 1. International Federation of Football Association (FIFA) has shifted to launching NFTs on the Polygon network (FIFA's NFTs were initially minted on Algorand); 2. Polygon Labs announced the launch of Polygon Portal. The Polygon Portal provides a comprehensive dashboard for bridging and managing assets on Polygon PoS, Polygon zkEVM, and Ethereum. It offers a unified bridging user experience, third-party bridges, Refuel Gas feature, developer tools, documentation, support, and feedback.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 152,229

New Active Users on Arbitrum: 27,134, with a daily increase of 6.60%

Existing Active Users on Arbitrum: 125,095, with a daily decrease of 13.62%

5.1.2 New User Profile

Core data: There were a total of 27,134 new active users on Arbitrum yesterday, with a daily increase of 6.60%

Popular Sectors

Popular Projects

The Graph (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.

XPET (DApp) - The XPET mobile version has been launched today. XPET is a SocialFi project on the Arbitrum chain, with gameplay similar to Fren Pet, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Unlike Fren Pet's "main screen" gameplay, xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 125,095, with a daily decrease of 13.62%

Popular Sectors

Popular Projects

MUX Protocol (DApp) - MUX has set a new 7-day trading volume record, with this week's trading volume reaching US$1.52 billion. MUX Protocol is a decentralized perpetual aggregator that can automatically select the best liquidity path, reducing trading costs while meeting the demands for opening positions.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

MAGIC (Token) - On December 12, MAGIC saw a notable increase in its value, rising 15% and briefly exceeding the US$1 mark. The co-founder of TreasureDAO, Karel Vuong, revealed on November 25 that TreasureDAO is in the process of developing a gaming chain. They plan to use MAGIC as the gas token, potentially based on either the Arbitrum or Cosmos chains.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 60,234

New Active Users on Base: 11,287, with a daily decrease of 43.40%

Existing Active Users on Base: 48,947, with a daily decrease of 13.53%

6.1.2 New User Profile

Core data: There were a total of 11,287 new active users on Base yesterday, with a daily decrease of 43.40%

Popular Sectors

Popular Projects

!fundrop (NFT) - The NFT mint aggregator mint.fun has announced the conclusion of the !fundrop event. Currently, !fundrop Pass holders are allowed to mint !fundrop Finale IDs on Base. The attributes of these IDs are generated based on points, streaks, and level achievements. Since the commencement of !fundrop, over 500,000 people have minted the !fundrop Pass.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 48,947, with a daily decrease of 13.53%

Popular Sectors

Popular 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

TinyTap was described earlier in the report.

8.DApp Ecosystem - ETH Chain

Uniswap (DApp) - Uniswap has expanded to the Bitcoin sidechain Rootstock, with Uniswap v3 deployed on Rootstock by GFX Labs, the team behind the trading terminal Oku. Oku will provide trading tools for Rootstock, including analytics, limit orders, and liquidity provider position management.

9.DApp Ecosystem - BSC

TinyTap was described earlier in the report.

10.DApp Ecosystem - Polygon Chain

Smart Cats was described earlier in the report.

11.DApp Ecosystem - WAX Chain

The UAW count for DApps on the WAX chain has remained steady, showing no significant fluctuations.

12.DApp Ecosystem - Solana Chain

Jito (DApp) - Jito, a Solana ecosystem liquidity staking protocol, has launched its governance token, JTO. 10% of the supply is allocated for airdrops, with 15% distributed to Jito-Solana validators, 5% to Jito MEV searchers, and 80% to JitoSOL users (those holding over 100 points). Core contributors are not participating in this airdrop, maximizing the benefits for community users.

13.DApp Ecosystem - Arbitrum Chain

Odos (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.

14.DApp Ecosystem - Base Chain

The UAW count for DApps on the Base chain has seen a noticeable decrease compared to the previous day.

15.DApp Ecosystem - GameFi Sector Across All Chains

There are no GameFi projects with a significant surge in popularity.

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. 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

Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.

18.Gas Fee Consumption - Polygon Chain

Galxe (DApp) - Galxe 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.

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 is currently the most active derivatives platform on Arbitrum.

20.Gas Fee Consumption - Base Chain

Soswap (DApp) - RAI Finance's product that participated in the Base Onchain Summer event. Soswap, one of RAI Finance's decentralized financial products on Base, was launched on Base on August 9.

21.Top Trending Tokens on Twitter

IMX (Token) - IMX has recently seen high trading activity, with significant activities from whales. Data from Nansen 2 reveals that approximately US$2.99 million of smart money flowed into IMX, according to Smart Money 24-hour Ethereum network fund inflow tracking list. Lookonchain monitoring revealed that three wallets, possibly owned by the same whale, withdrew 4.3 million IMX tokens (valued at US$9.6 million) from Binance and continued to buy more on exchanges.

22.Google Trends - Global

QI (Token) - QI is the native token of the Avalanche ecosystem lending protocol BENQI, and its price performance has been strong recently. According to DefiLlama, BENQI's TVL has pulled back, surpassing US$520 million. This marks a gain of over 50% in the past 7 days, setting a new high for 2023.

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

a) South Asia Region

India Trends: amp, benqi, pi

Pakistan Trends: jito, btc, coinglass

b) Southeast Asia Region

Malaysia Trends: matic, solana, btc

Philippines Trends: bomb, btc, why crypto is down today

Singapore Trends: btc, olas, lunc, cro

c) East Asia and Hong Kong, Macau, and Taiwan

Trends: crypto 中文, cspr, coingecko, xdc

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

a) CIS Region

Trends: Crypto bubbles, Coinmarketcap, arkm, dodo

b) English-speaking Countries

Australia Trends: fet, kamino, holo

UK Trends: eth, benqi, nomad, ada

USA Trends: qi, crypto crash today

Canada Trends: btc, qi, cel, snx

c) Europe

France Trends: benqi, sei, ace, milady

Poland Trends: amp, dot, enjin, marlin

Switzerland Trends: cours, qi, eth, polygon

Turkey Trends: coindesk, dogecoin, btc dominance

Germany Trends: quant, monero, coinstats

Italy Trends: qi, ern, cake, ltc

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

a) Africa

South Africa Trends: avax

Nigeria Trends: robinhood crypto, uniswap

b) Middle East Trends: coinmarketcap, rain, btc, coinbase

c) Latin America

Brazil Trends: wax, avax, ada, bybit

Argentina Trends: ripio, dai, cake

Mexico Trends: ckaspa, mana, aave

Reference Links

1. Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

2. Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview