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Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains

Bitget Research
2023/12/21
Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains

In the past 24 hours, many new popular tokens and topics have emerged in the b1d2ef47-c3b5-4e7d-bf5f-570bb1984126, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

BIIS (Token) - Serving as a one-stop infrastructure in the BRC ecosystem, BIIS offers an extensive range of tools, including launch, cross-chain, batch distribution, batch collection, signature distribution, and batch operations for BRC-20/420/721/100. The project has a market cap of $20 million and a 24-hour trading volume of $1.98 million, indicating significant popularity.

Bitcoin Cats (Token) - Bitcoin Cats is a gaming project launched on the Bitcoin Network. Its IDO on BakerySwap yesterday caused an on-chain FOMO and was oversubscribed 150 times. The token, 1CAT, is now open for trading, with a total market cap of $35 million and a 24-hour trading volume of $38 million. The price has risen 83% in the past 24 hours.

CRAZY (Token) - Crazy Frog, a memecoin, has remarkably recovered from a nearly zero market value, continuously increasing in price over the past two days and briefly surpassing a market cap of $3 million. It has a 24-hour trading volume of $7 million. The project's Twitter account has not been updated for a week.

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.

NOLA (Token) - Named after the cat of Offchain's founder, NOLA is a memecoin that has become a leading meme on Arbitrum amid the recent popularity of blockchain memecoins. It has a market cap of $16.97 million and a 24-hour trading volume of $3 million. The founder's response on Twitter, stating indifference to the price, paradoxically triggered FOMO in the market.

2.Popular NFTs:

Bitcoin Punks (NFT) - The first NFT project in BTC Ordinals, Bitcoin Punks has recently reached a new all-time high in price, influenced by the influx of funds into the BTC Frogs NFT and BTC NFT sector. The 24-hour trading volume is $490,000, with a single NFT priced at 0.86 BTC.

3.Popular DApps:

LaunchBlock (DApp) - Grapes, a cross-media NFT project funded by Animoca, conducted its public sale on the LaunchBlock platform, raising a total of 40,321.7 ETH, equivalent to approximately $89,478,626.49. GRAPE will be listed on Bitget, KuCoin, and Bybit platforms. Starting in May 2023, the project has rolled out games, an animated series, merchandise, and a range of licenses.

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.

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 single-page auction websites through the Gallery application in the Manifold Studio. The platform has previously collaborated with several prominent artists and studios, generating substantial income for these artists. Manifold has recently run a Twitter promotion for gas-free migration, offering NFT migration to OP and BASE networks without paying gas fees.

Jupiter (DApp) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out 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. The recent significant increase in on-chain transaction volume on the Solana blockchain, even surpassing Ethereum, has led to increased interest.

Aerodrome (DApp) - The TVL on BASE L2 has recently reached a historical high, led by Aerodrome, an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. 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. Aerodrome's TVL has risen by 86% in the past month, reaching $116 million.

bloXroute (DApp) - bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete u-turn. It announced that it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

Wormhole (DApp) - On December 6, the cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service. This service enables application developers to extract any on-chain data on demand. Wormhole indicates that compared to the push model, Queries offers less than 1-second latency and can reduce gas fees by 84%.

4.Twitter Hot Topics:

SOL (Token) - Recently, memecoin, inscription, and DePIN projects on Solana have sequentially emerged as wealth-building opportunities for the community, signaling a potential rebirth of the Solana ecosystem. This has greatly increased the use cases for SOL, the native token of Solana, which has seen a continuous rise in value lately.

SEI (Token) - In early December, SEI released its V2 upgrade focused on trading functionality and addressing scalability issues in L1 and L2 infrastructures. The "Parallel EVM" feature of the V2 version has the potential to bring about vast application scenarios and user scale. Recently, amidst a surge of transactions and spam information generated by inscriptions, many chains have experienced outages and various issues, leading to heightened hype around SEI's "Parallel EVM" concept.

5.Regional Trending Searches:

BTC (Token) - In a recent CNBC interview, Galaxy Digital CEO Novogratz detailed his expectations for the cryptocurrency market and Bitcoin price in 2023. Novogratz stated that a spot Bitcoin ETF could be approved before January 10, 2024. Observations from the options market show high implied volatility for options maturing on January 13, indicating strong speculative sentiment in the market.

Main Body

Written by: Bitget Research

Data collection time: December 21, 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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 0

BIIS (Token) - Serving as a one-stop infrastructure in the BRC ecosystem, BIIS offers an extensive range of tools, including launch, cross-chain, batch distribution, batch collection, signature distribution, and batch operations for BRC-20/420/721/100. The project has a market cap of $20 million and a 24-hour trading volume of $1.98 million, indicating significant popularity.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 496,885

New active users on ETH: 119,224, with a daily increase of 19.08%

Existing active users on ETH: 377,661, with a daily increase of 8.04%

2.1.2 New User Profile

Core data: There were a total of 119,224 new active users on ETH yesterday, with a daily increase of 19.08%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 1

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 2

Key Projects:

LaunchBlock (DApp) - Grapes, a cross-media NFT project funded by Animoca, conducted its public sale on the LaunchBlock platform, raising a total of 40,321.7 ETH, equivalent to approximately $89,478,626.49. GRAPE will be listed on Bitget, KuCoin, and Bybit platforms. Starting in May 2023, the project has rolled out games, an animated series, merchandise, and a range of licenses.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 377,661, with a daily increase of 8.04%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 3

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 4

Key Projects:

Bitcoin Cats (Token) - Bitcoin Cats is a gaming project launched on the Bitcoin Network. Its IDO on BakerySwap yesterday caused an on-chain FOMO and was oversubscribed 150 times. The token is now open for trading, with a total market cap of $35 million and a 24-hour trading volume of $38 million. The price has risen 83% in the past 24 hours.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 5

CRAZY (Token) - Crazy Frog, a memecoin, has remarkably recovered from a nearly zero market value, continuously increasing in price over the past two days and briefly surpassing a market cap of $3 million. It has a 24-hour trading volume of $7 million. The project's Twitter account has not been updated for a week.

2.2.2 Uniswap V3

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 6

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.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 7

Bitcoin Punks (NFT) - The first NFT project in BTC Ordinals, Bitcoin Punks has recently reached a new all-time high in price, influenced by the influx of funds into the BTC Frogs NFT and BTC NFT sector. The 24-hour trading volume is $490,000, with a single NFT priced at 0.86 BTC.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,103,160

New active users on BSC: 182,549, with a daily decrease of 6.87%

Existing active users on BSC: 920,611, with a daily decrease of 3.43%

3.1.2 New User Profile

Core data: There were a total of 182,549 new active users on BSC yesterday, with a daily decrease of 6.87%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 8

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 9

Key Projects:

New users on the BSC are also engaging in inscriptions driven by FOMO.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 920,611, with a daily decrease of 3.43%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 10

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 11

Key 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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 12

There are no popular trading assets on the BSC.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 488,199

New active users on Polygon: 114,465, with a daily decrease of 11.04%

Existing active users on Polygon: 373,734, with a daily decrease of 14.58%

4.1.2 New User Profile

Core data: There were a total of 114,465 new active users on Polygon yesterday, with a daily decrease of 11.04%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 13

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 14

Key Projects:

Inscription Polygon (DApp) - Users on the Polygon Chain are also engaging in inscriptions driven by FOMO.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 373,734, with a daily decrease of 14.58%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 15

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 16

Key Projects:

Port3_aggregator (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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 17

There are no popular trading assets on Polygon.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 144,700

New Active Users on Arbitrum: 28,799, with a daily decrease of 25.49%

Existing Active Users on Arbitrum: 115,901, with a daily increase of 1.55%

5.1.2 New User Profile

Core data: There were a total of 28,799 new active users on Arbitrum yesterday, with a daily decrease of 25.49%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 18

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 19

Key Projects:

Avive (Token) - Avive is a social protocol based on geographical information. Utilizing the Proof of Networking consensus mechanism, it has gathered millions of users from over 130 countries on the Avive L2 platform. The project had a notably strong performance upon its listing on an exchange yesterday.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 115,901, with a daily increase of 1.55%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 20

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 21

Key Projects:

Xai_contract (DApp) - Since December 4, the XAI node has consistently performed well, attracting significant attention and interaction from on-chain players. The official announcement on social media indicates that a reward airdrop for Season 1 is about to commence.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 22

NOLA (Token) - Named after the cat of Offchain's founder, NOLA is a memecoin that has become a leading meme on Arbitrum amid the recent popularity of blockchain memecoins. It has a market cap of $16.97 million and a 24-hour trading volume of $3 million. The founder's response on Twitter, stating indifference to the price, paradoxically triggered FOMO in the market.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 57,942

New Active Users on Base: 11,862, with a daily decrease of 4.76%

Existing Active Users on Base: 46,080, with a daily increase of 15.34%

6.1.2 New User Profile

Core data: There were a total of 11,862 new active users on Base yesterday, with a daily decrease of 4.76%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 23

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 24

Key Projects:

Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. With Stargate, users and DApps can transfer native assets across multiple chains (with more to come in the future).

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 46,080, with a daily increase of 15.34%

Popular Sectors

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 25

Popular Projects

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains 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 Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 27

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.

8.DApp Ecosystem - ETH Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 28

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 single-page auction websites through the Gallery application in the Manifold Studio. The platform has previously collaborated with several prominent artists and studios, generating substantial income for these artists. Manifold has recently run a Twitter promotion for gas-free migration, offering NFT migration to OP and BASE networks without paying gas fees.

9.DApp Ecosystem - BSC

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 29

Secondlive (DApp) - SecondLive offers a 3D virtual space where users can explore the metaverse through unique virtual avatars. These avatars enable participation in various activities, such as singing, dancing, virtual exhibitions, and shopping. This immersive experience forms the foundation of SecondLive. As one of the most active metaverse infrastructure projects on BSC, SecondLive has over 800,000 registered users and a large, active community. The platform continuously improves, offering diverse avatar styles, space construction templates, and various low-code rule engines. It supports virtual live broadcasts, concerts, large online conferences, and commercial displays.

10.DApp Ecosystem - Polygon Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 30

Jump.trade (DApp) - Jump.trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic.

11.DApp Ecosystem - Solana Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 31

Jupiter (DApp) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out 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. The recent significant increase in on-chain transaction volume on the Solana blockchain, even surpassing Ethereum, has led to increased interest.

12.DApp Ecosystem - Arbitrum Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 32

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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 33

Aerodrome (DApp) - The TVL on BASE L2 has recently reached a historical high, led by Aerodrome, an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. 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. Aerodrome's TVL has risen by 86% in the past month, reaching $116 million.

14.DApp Ecosystem - GameFi Sector Across All Chains

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 34

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.

15.Gas Fee Consumption - ETH Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 35

Maestro (DApp) - Maestro, as a renowned on-chain bot, is highly favored by the crypto community. Despite the recent attack on the prominent bot project, Unibot, which led to user losses due to certain routing issues, the overall usage of bots in the crypto community has not diminished. Maestro continues to maintain its position in the top three of the interaction leaderboard.

16.Gas Fee Consumption - BSC

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 36

bloXroute (DApp) - bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete u-turn. It announced that it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

17.Gas Fee Consumption - Polygon Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 37

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. Recently, the Port3 Network launched a BRC-20 section and is set to release Bitcoin BQL. It is advisable to keep a close watch on these developments.

18.Gas Fee Consumption - Arbitrum Chain

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 38

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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 39

Wormhole (DApp) - On December 6, the cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service. This service enables application developers to extract any on-chain data on demand. Wormhole indicates that compared to the push model, Queries offers less than 1-second latency and can reduce gas fees by 84%.

20.Top Trending Tokens on Twitter

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 40

SOL (Token) - Recently, memecoin, inscription, and DePIN projects on Solana have sequentially emerged as wealth-building opportunities for the community, signaling a potential rebirth of the Solana ecosystem. This has greatly increased the use cases for SOL, the native token of Solana, which has seen a continuous rise in value lately.

SEI (Token) - In early December, SEI released its V2 upgrade focused on trading functionality and addressing scalability issues in L1 and L2 infrastructures. The "Parallel EVM" feature of the V2 version has the potential to bring about vast application scenarios and user scale. Recently, amidst a surge of transactions and spam information generated by inscriptions, many chains have experienced outages and various issues, leading to heightened hype around SEI's "Parallel EVM" concept.

21.Google Trends - Global

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 41

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 42

BTC (Token) - In a recent CNBC interview, Galaxy Digital CEO Novogratz detailed his expectations for the cryptocurrency market and Bitcoin price in 2023. Novogratz stated that a spot Bitcoin ETF could be approved before January 10, 2024. Observations from the options market show high implied volatility for options maturing on January 13, indicating strong speculative sentiment in the market.

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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 43

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 44

a) South Asia Region

India Trends: ICP, DOT, FTM, AVAX

Pakistan Trends: DOGE, SOL

b) Southeast Asia Region

Malaysia Trends: SOL

Philippines Trends: INJ, AVAX, BTC, PI

Singapore Trends: SOL, INJ

Indonesia Trends: BABYDOGE

c) East Asia

Japan Trends: BINANCE

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

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 45

Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 46

a) CIS Region

Trends: crypto bubbles, tradingview, crypto casino

b) English-speaking Countries

Australia Trends: SEI, AVAX, KUJI, SOL, CSPR

UK Trends: DIMO, AUCTION, LCX, AVAX, POLYX, COPPER, WOO

USA Trends: SEI, QNT, SOL, ELA

Canada Trends: TONIC, IMX, BONK, WIF, DOT

c) Europe

France Trends: TRB, ASTR, NFP, XNA, AXL

Poland Trends: XEN, INJ, CRO, STX, TIA

Switzerland Trends: Bitget, HNT, MATIC, CSPR

Turkey Trends: AVAX, ETH, tuzona crypto

Germany Trends: DOGE, FTM, TAO, BEAM

Italy Trends: NFP, SHIB, STX, DAI

Spain Trends: SAND, NFP, THETA, COTI, RIBBIT, AVAX

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

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Bitget Research: BTC Returns to $44,000 As ETF Review Approaches, Inscription Trend Spreads Across Chains image 48

a) Africa

South Africa Trends: AVAX, BONK, ETH

Nigeria Trends: crypto mining, LUNO

b) Middle East

Trends: crypto bubbles, bitcoin price, apple stock

c) Latin America

Brazil Trends: SEI, BABYDOGE, DATA, PEPE, HNT, XRD

Argentina Trends: SHIB, SEI, AVAX, BLUR, CAKE

Mexico Trends: SOL, AVAX

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