Bitget Research: Crypto Market Surges Following Brief Pullback, Helium Mobile Leads DePIN Sector Rally

In the past 24 hours, many new popular tokens and topics have emerged in the 718617cc-420b-46df-b8b6-5aac1720123f, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

TIA (Token) - Celestia Network Inscription project CIAS announced on social media that its token minting process has reached approximately 29%, with over 52,000 holders. Over 50% of transactions on the Celestia blockchain are related to CIAS. The platform's RPC malfunctioned after receiving over one million visits from more than 120,000 people within an hour of launch. The inscription process for the project has been completed, but the trading market is yet to be launched.

ACE (Token) - This project combines a blockchain game, Fusionist, with a game/social infrastructure layer, Endurance. ACE has been listed on Bitget, Binance, and OKX. Bitget announced a new CandyBomb promotion with a total prize pool of 1548 ACE tokens. Participants can earn rewards by completing specific tasks such as trading, making net deposits, and inviting others during the promotion.

BNSX (Token) - A BRC-20 token, the Bitcoin Name Service System is a project aimed at completely revolutionizing the decentralized identity solution on Bitcoin L2. The token experienced a significant rise in value after being minted out, with an on-chain trading volume of nearly 100 BTC (over $4 million) in the past 24 hours. The current count of holders on the Bitcoin Blockchain is 4600.

swETH (Token) - The Ethereum staking protocol Swell Network's LST, swETH, saw increased demand following the introduction of six new LSTs by the Ethereum re-staking protocol EigenLayer: wBETH, osETH, swETH, AnkrETH, EthX, and oETH.

MUBI (Token) - MUBI is the native protocol token of the Multibit, a BRC20-ERC20 cross-chain bridge project. With the growing popularity of the BRC-20 ecosystem, the hype has also spread to Ethereum. Multibit enables users to cross-chain BRC-20 tokens from the Bitcoin Network to the Ethereum Network to engage in the corresponding DeFi ecosystem. This distinctive functionality has garnered considerable market attention and speculation. The token has been listed on Bitget.

Hemule (Token) - A memecoin themed around Vitalik Buterin's cat. Hemule has an on-chain liquidity of $460,000, a market cap of $7.2 million, and a 24-hour trading volume of $16 million with 6900 transactions in the same period. The contract has been renounced, and the LP tokens have been sent to a burn address.

2.Popular NFTs:

The Warlords of Champions Tactics (NFT) - "The Warlords" is a collection of 9999 digital collectibles from the gaming giant Ubisoft's upcoming game, "Champions Tactics™ Grimoria Chronicles." Recently, YGG announced a collaboration with Ubisoft on the PvP role-playing game "Champions Tactics."

3.Popular DApps:

EigenLayer (DApp) - Following the introduction of six new liquidity staking tokens (LST), which include wBETH, osETH, swETH, AnkrETH, EthX, and oETH, the Ethereum re-staking protocol EigenLayer has seen its LST TVL surpass 380,000 ETH. Reports indicate that the upper limit set for these six new LSTs is 500,000 ETH.

Ethrunes (DApp) - Ethrunes, based on the "Rune" concept, claims to be "a novel token protocol based on ERC1155 and inspired by BRC-20, characterized as simple, efficient, fair, and smart." However, there is debate on social media suggesting that the project is essentially a fork of FERC20 and lacks innovation. It is also criticized for having a minting mechanism that can be easily manipulated by blockchain experts using scripts.

4.Twitter Hot Topics:

TIA (Token) - Celestia Network Inscription project CIAS announced on social media that its token minting process has reached approximately 29%, with over 52,000 holders. Over 50% of transactions on the Celestia blockchain are related to CIAS. The platform's RPC malfunctioned after receiving over one million visits from more than 120,000 people within an hour of launch. The inscription process for the project has been completed, but the trading market is yet to be launched.

5.Regional Trending Searches:

ACE (Token) - This project combines a blockchain game, Fusionist, with a game/social infrastructure layer, Endurance. ACE has been listed on Bitget, Binance, and OKX. Bitget announced a new CandyBomb promotion with a total prize pool of 1548 ACE tokens. Participants can earn rewards by completing specific tasks such as trading, making net deposits, and inviting others during the promotion.

Main Body

Written by: Bitget Research

Data collection time: December 19, 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

BNSX (Token) - A BRC-20 token, the Bitcoin Name Service System is a project aimed at completely revolutionizing the decentralized identity solution on Bitcoin L2. The token experienced a significant rise in value after being minted out, with an on-chain trading volume of nearly 100 BTC (over $4 million) in the past 24 hours. The current count of holders on the Bitcoin Blockchain is 4600.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 420,005

New active users on ETH: 81,630, with a daily increase of 4.19%

Existing active users on ETH: 338,375, with a daily increase of 3.83%

2.1.2 New User Profile

Core data: There were a total of 81,630 new active users on ETH yesterday, with a daily increase of 4.19%

Popular Sectors

Popular Projects

EigenLayer (DApp) - Following the introduction of six new liquidity staking tokens (LST), which include wBETH, osETH, swETH, AnkrETH, EthX, and oETH, the Ethereum restaking protocol EigenLayer has seen its LST TVL surpass 380,000 ETH. Reports indicate that the upper limit set for these six new LSTs is 500,000 ETH.

Ethrunes (DApp) - Ethrunes, based on the "Rune" concept, claims to be "a novel token protocol based on ERC1155 and inspired by BRC-20, characterized as simple, efficient, fair, and smart." However, there is debate on social media suggesting that the project is essentially a fork of FERC20 and lacks innovation. It is also criticized for having a minting mechanism that can be easily manipulated by blockchain experts using scripts.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 338,375, with a daily increase of 3.83%

Popular Sectors

Popular Projects

swETH (Token) - The Ethereum staking protocol Swell Network's LST, swETH, saw increased demand following the introduction of six new LSTs by the Ethereum re-staking protocol EigenLayer: wBETH, osETH, swETH, AnkrETH, EthX, and oETH.

The Warlords of Champions Tactics (NFT) - "The Warlords" is a collection of 9999 digital collectibles from the gaming giant Ubisoft's upcoming game, "Champions Tactics™ Grimoria Chronicles." Recently, YGG announced a collaboration with Ubisoft on the PvP role-playing game "Champions Tactics." https://opensea.io/collection/thewarlords

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Hemule (Token) - A memecoin themed around Vitalik Buterin's cat. Hemule has an on-chain liquidity of $460,000, a market cap of $7.2 million, and a 24-hour trading volume of $16 million with 6900 transactions in the same period. The contract has been renounced, and the LP tokens have been sent to a burn address.

2.2.2 Uniswap V3

MUBI (Token) - MUBI is the native protocol token of the Multibit, a BRC20-ERC20 cross-chain bridge project. With the growing popularity of the BRC-20 ecosystem, the hype has also spread to Ethereum. Multibit enables users to cross-chain BRC-20 tokens from the Bitcoin Network to the Ethereum Network to engage in the corresponding DeFi ecosystem. This distinctive functionality has garnered considerable market attention and speculation. The token has been listed on Bitget.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Ubisoft's The Warlords of Champions Tactics NFT was described earlier in the report.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,056,155

New active users on BSC: 164,676, with a daily increase of 0.22%

Existing active users on BSC: 891,479, with a daily increase of 5.56%

3.1.2 New User Profile

Core data: There were a total of 164,676 new active users on BSC yesterday, with a daily increase of 0.22%

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 $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 891,479, with a daily increase of 5.56%

Popular Sectors

Popular Projects

Hooked (DApp) - The Web3 social network Hooked Protocol announced a partnership with Google Cloud on X. As part of Google's AI Web3 initiative, Hooked will integrate Google Cloud's AI solutions to boost an AI-driven Hooked social learning metaverse.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Various GROK derivative memecoins such as XGROK, BabyGrok, BabyGrok X, and GrokGirl have appeared on the BSC. When trading these tokens, it is important to be cautious about the accuracy of the token contract addresses and the risks associated with the token contracts.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 494,563

New active users on Polygon: 106,650, with a daily increase of 25.36%

Existing active users on Polygon: 387,913, with a daily increase of 4.13%

4.1.2 New User Profile

Core data: There were a total of 106,650 new active users on Polygon yesterday, with a daily increase of 25.36%

Popular Sectors

Popular Projects

Merkly (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 387,913, with a daily increase of 4.13%

Popular Sectors

Popular Projects

Port3 (DApp) - Port3 is a blockchain project designed to become a Web3 social data gateway. It provides open data services by aggregating Web2 and Web3 data. Port3 is structured around three fundamental modules: data collection, data reading, and data application. These modules are integral in aggregating various types of information, including community dynamics, social media trends, and on-chain transaction data.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Polygon (DApp) - Polygon Labs will discontinue support for its Edge framework and instead focus on expanding the Polygon Chain Development Kit (CDK).

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 149,968

New Active Users on Arbitrum: 28,338, with a daily increase of 31.76%

Existing Active Users on Arbitrum: 121,630, with a daily decrease of 6.74%

5.1.2 New User Profile

Core data: There were a total of 28,338 new active users on Arbitrum yesterday, with a daily increase of 31.76%

Popular Sectors

Popular Projects

Yesterday, the new active users on Arbitrum mainly focused on inscription market.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 121,630, with a daily decrease of 6.74%

Popular Sectors

Popular Projects

XAI (DApp) - Xai, a gaming project in the Arbitrum ecosystem, posted on the X platform stating "ai_dr_p soon," which might suggest an upcoming airdrop.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

ARB (Token) - Arbitrum's native token has experienced a period of average performance recently. This is partly due to the Arbitrum Foundation's strategy of supporting the ecosystem's development by airdropping a considerable number of tokens to various projects within the Arbitrum ecosystem. However, Arbitrum has solid fundamentals, suggesting that there may be valuable trading opportunities ahead for ARB.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 55,994

New Active Users on Base: 13,162, with a daily decrease of 28.42%

Existing Active Users on Base: 42,832, with a daily decrease of 15.89%

6.1.2 New User Profile

Core data: There were a total of 13,162 new active users on Base yesterday, with a daily decrease of 28.42%

Popular Sectors

Popular 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 essential to stay updated.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 42,832, with a daily decrease of 15.89%

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

KAI-CHING (DApp) - A shopping platform on the NEAR blockchain, where users can pay with KAIC at hundreds of stores to enjoy discounts. Five smartphone providers have already integrated KAIKAINOW into their devices.

8.DApp Ecosystem - ETH Chain

Blast (DApp) - BLUR, in collaboration with Blast, has developed Blur Season 3. 50% of the rewards from Season 3 will be distributed to $BLUR holders. Depositing $BLUR earns holder points, which are awarded hourly based on the amount of $BLUR deposited.

9.DApp Ecosystem - BSC

TinyTap was described earlier in the report.

10.DApp Ecosystem - Polygon Chain

Yuliverse (DApp) - Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. Designed to enhance social interaction and engagement, it allows players to explore the real world and build connections. Yuliverse's game mechanics, featuring money-earning elements, deliver a distinct gaming experience to players.

11.DApp Ecosystem - Solana Chain

Jupiter Exchange (DEX) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out of a total of 10 billion JUP tokens, 40% will be distributed to the community over four rounds of airdrops, with the first round distributing 10% (1 billion tokens). Wallets that interacted directly with Jupiter before November 2, totaling 955,000, are eligible for the airdrop. There will also be subsequent airdrops targeting new users.

12.DApp Ecosystem - Arbitrum Chain

rhino.fi (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.

13.DApp Ecosystem - Base 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 - GameFi Sector Across All Chains

Popular projects were described earlier in the report.

15.Gas Fee Consumption - ETH Chain

EigenLayer (DApp) - Following the introduction of six new liquidity staking tokens (LST) at 2 AM today (UTC+8), the Ethereum restaking protocol EigenLayer has seen its LST TVL approach 380,000 ETH, currently at 377,131 ETH. This leaves a remaining space of just 122,869 ETH before reaching the set upper limit of 500,000 ETH.

16.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.

17.Gas Fee Consumption - Polygon Chain

CoinTool: Xen Batch Minter (DApp) - A renowned on-chain toolbox extensively utilized on the Polygon Network. Its XEN Batch Minter feature assists users in batch minting XEN tokens.

18.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.

19.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.

20.Top Trending Tokens on Twitter

TIA (Token) - Celestia Network Inscription project CIAS announced on social media that its token minting process has reached approximately 29%, with over 52,000 holders. Over 50% of transactions on the Celestia blockchain are related to CIAS. The platform's RPC malfunctioned after receiving over one million visits from more than 120,000 people within an hour of launch. The inscription process for the project has been completed, but the trading market is yet to be launched.

21.Google Trends - Global

ACE (Token) - This project combines a blockchain game, Fusionist, with a game/social infrastructure layer, Endurance. ACE has been listed on Bitget, Binance, and OKX. Bitget announced a new CandyBomb promotion with a total prize pool of 1548 ACE tokens. Participants can earn rewards by completing specific tasks such as trading, making net deposits, and inviting others during the promotion.

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

a) South Asia Region

India Trends: iotx, ace

Pakistan Trends: ace coin, cryoto bubble, metamask

b) Southeast Asia Region

Malaysia Trends: coinbase, metamask, eth, avax, lunc

Philippines Trends: btc, ace

Singapore Trends: olas, coingecko

Indonesia Trends: chainlink, supra, ace

c) East Asia

Japan Trends: None

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

a) CIS Region

Trends: btc, paynet, arkham

b) English-speaking Countries

Australia Trends: celer, inj, lrc, asx

UK Trends: nomad, ace, coq, sylo, stx, astr

USA Trends: sylo, pix, matic, mara, bells

Canada Trends: ada, mara stock, jto, render

c) Europe

France Trends: astr, dai, linea, astr, wsm

Poland Trends: pi, ace, doge

Switzerland Trends: pi, eth, doge, inj, xrp, shib

Turkey Trends: bico, nkn, ace, selcoin

Germany Trends: vra, joe, ace

Italy Trends: grok, hnt, kaspa

Spain Trends: ace, eth, ordi, osmo, jto, unfi

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

a) Africa

South Africa Trends: ace, bitcoin, crypto currency

b) Middle East

Trends: ace, coinmarketcap, coinbase, coingecko

c) Latin America

Brazil Trends: aave, gala, shib, dot, linea, lunc, radix

Argentina Trends: bybit, coinbase, ace, cronista

Mexico Trends: ace, avalanche, crypto arena

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