Bitget Research: Inscription Market Experiences a Strong Rebound After Correction, Solana Memecoin Trading Gains Momentum

In the past 24 hours, many new popular tokens and topics have emerged in the a80052e5-4377-4d10-ada7-46e2cfebf2fc, and perhaps they will be the next focus of the market.

In Summary:

1. Popular Tokens:

BRC-20 Tokens - ORDI trading volume increased 3 times in the past 24 hours with a trading volume reaching $1.7 billion. Its price shortly broke $82, a record high, before falling back. A tweet from Insightnews suggesting that Binance Wallet will launch an Inscription zone on January 4 was denied by Binance. The surge in ORDI led to a rebound in the overall BRC-20 section.

METIS (Token): Metis' initiative of "attempting to use Hyper (OP+ZK) rollup technology, making POS Sequencer pool, and changing the incentive method of the token (governance->utility)" is gradually attracting attention from the market. MetisDAO Foundation launched a $100 million ecosystem development fund on December 18, and METIS continued to soar after the news release.

TEL (Token): MetaTrust Labs said on Twitter that its on-chain monitor, MetaScout, recently discovered a series of targeted attacks against Telcoin Wallets. The Telcoin (TEL) price plummeting by 65% because of the post, with losses now standing at around $1.2 million.

XPET and BPET (Token and DApp) - A SocialFi project on the Arbitrum chain that requires players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter. Recently, the market has had high expectations for Xpet to become a game-changing GameFi product, and the prices of XPET and BPET coins have continued to rise to record highs.

RAY (Token), Raydium (Dapp): Raydium, a DEX in the Solana ecosystem, has reached a revenue of $87.07 million in the past 7 days, overtaking Ethereum. According to DeFiLlama, the top five public blockchains or protocols in terms of fees and revenues over the past seven days are: Bitcoin ($117 million), DEX Raydium on Solana ($87.07 million), Ethereum ($80.57 million), Avalanche ($30.67 million), Uniswap ($16.29 million), and Lido ($16.18 million).

2. Popular NFTs:

uni-20 (NFT) - uni.EVM, UNI20 is a social experiment, an alternative inscription experiment on Ethereum, an imitation of insc20, with 2,279 on-chain holders and a floor price of 0.0067 ETH.

GasHeroBadge (NFT) - Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero focuses heavily on game theory, providing players with a wider range of strategies and utilizing a decentralized trading platform to maximize on-chain data transparency. The game has recently gone live, and the in-game NFT trading is exceptionally active.

Bitget Wallet ZetaChain Task2Get (NFT): Task2Get's first promotion was organized in cooperation with ZetaChain, an L1 public chain, and centered around interaction in the ZetaChain testnet ecosystem. The first phase of the promotion went live with 6 popular DApps, including XDAO, LENX, iZUMi Finance, Eddy Finance, Bounce Finance, and zkMe. Upon completion of the tasks, participating addresses will share 700,000 ZETA rewards and will have a chance to be randomly selected to receive NFT rewards from Bitget Wallet and ZetaChain, after which Bitget Wallet plans to hold airdrops NFT holders but with no schedule announced yet.

3. Popular DApps:

Manta (DApp) - The project was created by a team of experienced founders from prestigious institutions such as Harvard, MIT, and Algorand. Depositing ETH and USDC to Manta makes users eligible for public airdrops of 50,000,000 MANTA in January 2024.

Raydium (Dapp) and XPET (Dapp) have been clarified in the first part - Token.

4. Twitter Hot Topics:

SEI (Token) - Sei serves as the infrastructure of the future financial system, providing support for capital markets, starting with exchanges. As the first specialized Layer 1 blockchain designed specifically for trading, Sei is the fastest blockchain when it comes to finality, optimizing every layer of the stack to offer the best infrastructure for exchanges. Binance Earn platform is scheduled to list the SEI fixed product on December 26, 2023, at 8:00 PM (UTC+8).

5. Regional Trending Searches:

ORDI (Token): A tweet from Insightnews suggesting that Binance Wallet will launch an Inscription zone on January 4 was subsequently denied by Binance. On the news, ORDI price briefly exceeded $82.9, hitting a new all-time high.

Main Body:

Written by: Bitget Research

Data collection time: December 26, 10:30 AM

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

BRC-20 Tokens - ORDI trading volume increased 3 times in the past 24 hours with 24h trading volume reaching $1.7 billion. Its price shortly broke $82, a record high, before falling back.

2. Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 432,936

New active users on ETH: 79,319, with a daily decrease of 15.56%

Existing active users on ETH: 353,617, with a daily increase of 0.58%

2.1.2 New User Profile

Core data: There were a total of 79,319 new active users on ETH yesterday, with a daily decrease of 15.56%

Popular Sectors

Popular Projects

uni-20 (NFT) - uni.EVM, UNI20 is a social experiment, an alternative inscription experiment on Ethereum, an imitation of insc20, with 2,279 on-chain holders and a floor price of 0.0067 ETH.

https://opensea.io/collection/uni-evm

UniRune (Dapp) - A runes protocol that support all chains and supports minting/deploying/trading Rune on Unirune.

2.1.3 Existing User Profile

Core data: The number of ETH existing active users is 353,617, with a daily increase of 0.58%

Popular Sectors

Popular Projects

Manta (DApp) - The project was created by a team of experienced founders from prestigious institutions such as Harvard, MIT, and Algorand. Depositing ETH and USDC to Manta makes users eligible for public airdrops of 50,000,000 MANTA in January 2024.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

JESUS (Token) - A memecoin on Ethereum with continued high trading activity, with on-chain holding addresses of 13.26K, an on-chain liquidity pool of $2.54 million. And its on-chain trading volume in the past 24h was over $8 million.

2.2.2 Uniswap V3

METIS (Token): Metis' initiative of "attempting to use Hyper (OP+ZK) rollup technology, making POS Sequencer pool, and changing the incentive method of the token (governance->utility)" is gradually attracting attention from the market. MetisDAO Foundation launched a $100 million ecosystem development fund on December 18, and METIS continued to soar after the news release.

TEL (Token): MetaTrust Labs said on Twitter that its on-chain monitor, MetaScout, recently discovered a series of targeted attacks against Telcoin Wallets. The Telcoin (TEL) price plummeting by 65% because of the post, with losses now standing at around $1.2 million.

2.3 Popular NFTs

2.3.1 Top NFT Collections

GasHeroBadge (NFT) - Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero focuses heavily on game theory, providing players with a wider range of strategies and utilizing a decentralized trading platform to maximize on-chain data transparency. The game has recently gone live, and the in-game NFT trading is exceptionally active.

3. Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,029,951

New active users on BSC: 146,768, with a daily decrease of 8.84%

Existing active users on BSC: 883,183, with a daily increase of 6.76%

3.1.2 New User Profile

Core data: There were a total of 146,768 new active users on BSC yesterday, with a daily decrease of 8.84%

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. Yesterday, Animoca Brands 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 883,183, with a daily increase of 6.76%

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. 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.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

BURN (Token) - It is the project token of BurnedFi. After its TGE on December 18, the token gradually rallied and achieved an accumulated increase of over 50 times. However, it started a sharp decline yesterday. In the past 24 hours, the trading volume was $1.73 million and the number of transactions was 6860.

4. Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 445,844

New active users on Polygon: 81,773, with a daily decrease of 3.94%

Existing active users on Polygon: 364,071, with a daily increase of 2.86%

4.1.2 New User Profile

Core data: There were a total of 81,773 new active users on Polygon yesterday, with a daily decrease of 3.94%

Popular Sectors

Popular Projects

Merkly Refuel (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 364,071, with a daily increase of 2.86%

Popular Sectors

Popular Projects

Bitget Wallet ZetaChain Task2Get (NFT): Task2Get's first promotion was organized in cooperation with ZetaChain, an L1 public chain, and centered around interaction in the ZetaChain testnet ecosystem. The first phase of the promotion went live with 6 popular DApps, including XDAO, LENX, iZUMi Finance, Eddy Finance, Bounce Finance, and zkMe. Upon completion of the tasks, participating addresses will share 700,000 ZETA rewards and will have a chance to be randomly selected to receive NFT rewards from Bitget Wallet and ZetaChain, after which Bitget Wallet plans to hold airdrops NFT holders but with no schedule announced yet.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

No new popular tokens have appeared on Polygon.

5. Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total active users on Arbitrum: 193,875

New active users on Arbitrum: 28,935, with a daily decrease of 18.64%

Existing active users on Arbitrum: 164,940, with a daily decrease of 0.32%

5.1.2 New User Profile

Core data: There were a total of 28,935 new active users on Arbitrum yesterday, with a daily decrease of 18.64%

Popular Sectors

Popular Projects

XPET and BPET (Token and DApp) - A SocialFi project on the Arbitrum chain that requires players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter. Recently, the market has had high expectations for Xpet to become a game-changing GameFi product, and the prices of XPET and BPET coins have continued to rise to record highs.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 164,940, with a daily decrease of 0.32%

Popular Sectors

Popular Projects

Xai (Dapp) - Xai, a Layer 3 game on Arbitrum, has announced on Twitter that it will distribute its Q1 airdrop on December 27th. To this end, it has already taken snapshots of Xai Odyssey Legends Vanguards participants, and is yet to take snapshots of Xai Sentry Keys holders. CEX and DEX listings will be announced after the start of the airdrop.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

No new popular tokens on Arbitrum.

6. Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 67,441

New Active Users on Base: 13,837, with a daily decrease of 3.44%

Existing Active Users on Base: 53,604, with a daily decrease of 4.82%

6.1.2 New User Profile

Core data: There were a total of 13,837 new active users on Base yesterday, with a daily decrease of 3.44%

Popular Sectors

Popular Projects

RAI Finance (DApp): RAI Finance has a slogan of "For Everything Trading". Since 2020, its team has developed a variety of DeFi, NFTFi and sociaL trading products that operate across multiple blockchain networks, offering solutions for swap, NFT trading services and index trading.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 53,604, with a daily decrease of 4.82%

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

PlayEmber (DApp) - PlayEmber is focused on delivering customized monetization solutions through its Unity-based software development kit, aiming to facilitate the transition of game advertising revenue from the Web2 market to Web3. The start-up has also received substantial strategic support from the NEAR Foundation. The test version of PlayEmber has been launched and has gained significant popularity.

8. DApp Ecosystem - ETH Chain

Blur (DApp) - BLUR, in collaboration with Blast, has developed the 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

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.

10. DApp Ecosystem - Polygon Chain

Yuliverse (Dapp): On December 14, Yuliverse entered into a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain meta-universe game that combines elements of GameFi and SocialFi with NFTs and the cryptocurrencies ARG and ART. The game is designed to promote social interaction and engagement, offering players the opportunity to explore the real world and make connections. Yuliverse's game mechanics include an element of finding money and providing players with a gaming experience.

11. DApp Ecosystem - Solana Chain

RAY (Token), Raydium (Dapp): Raydium, a DEX in the Solana ecosystem, has reached a revenue of $87.07 million in the past 7 days, overtaking Ethereum. Data from DeFiLlama's fees and revenue dashboard shows that the top five public chains or protocols in terms of fees and revenues over the past seven days are Bitcoin ($117 million), Raydium (DEX in Solana ecosystem, $87.07 million), Ethereum ($80.57 million), Avalanche ($30.67 million), Uniswap ($16.29 million), and Lido ($16.18 million).

12. DApp Ecosystem - Arbitrum Chain

WOOFi (Dapp): crypto trading platform WOO X is gearing up to expand its designated market maker (DMM) program to spot markets. According to WOO X, since the launch of the perpetual contract DMM model in August 2023, the model currently accounts for nearly 80% of all pending order transactions in the perpetual futures market.

14. DApp Ecosystem - Base Chain

Dmail has been clarified above.

14. DApp Ecosystem - GameFi Sector Across All Chains

PlayEmber has been clarified above.

15. Gas Fee Consumption - ETH Chain

Manta Network (DApp) - The project was created by a team of experienced founders from prestigious institutions such as Harvard, MIT and Algorand. The project will conduct a Snapshot in December, and the cross-chain transferring of ETH to the Manta chain will provide future airdrop opportunities. The Total Value Locked (TVL) of the project has been growing rapidly, increasing by $246 million within a span of two weeks.

16. Gas Fee Consumption - BSC Chain

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. Twitter Trends Token Top Rank

SEI (Token) - Sei serves as the infrastructure of the future financial system, providing support for capital markets, starting with exchanges. As the first specialized Layer 1 blockchain designed specifically for trading, Sei is the fastest blockchain when it comes to finality, optimizing every layer of the stack to offer the best infrastructure for exchanges. Binance Earn platform is scheduled to list the SEI fixed product on December 26, 2023, at 8:00 PM (UTC+8).

21. Google Trends - Global

ORDI (Token): A tweet from Insightnews suggesting that Binance Wallet will launch an Inscription zone on January 4 was subsequently denied by Binance. On the news, ORDI price briefly exceeded $82.9, hitting a new all-time high, and is trading at $75.95, up 22.60% in 24 hours.

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

a) South Asia Region

India Trends: solana, op, pi, eth, vechain, alanos

Pakistan Trends: btc, bitget, is crypto halal

b) Southeast Asia Region

Malaysia Trends: solana, binance

Philippines Trends: coinbase, sei, bitcoin

Singapore Trends: btc, axs, olas

Indonesia Trends: babydoge, btc

c) East Asia

Trends: iis crypto, crypto.com

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

a) CIS Region Trends: bybit, binance, airdrop crypto, dune crypto

b) English-speaking Countries

Australia Trends: sui, atom, kadena, bond, pi, pyr

UK Trends: harmony, axs, xrp, gala

USA Trends: metis, qnt, megabot, sol, ordi, math

Canada Trends: avax, qnt, skale, neon, sei, xyo, comp

c) Europe

France Trends: xen, joe, tel, metis, ordi, dego, ftm, axs, sats

Poland Trends: hedera, xen, ordi, tia

Switzerland Trends: ada, kas, sand, ordi

Turkey Trends: crypto screener, yuki crypto 50

Germany Trends: tron, kadena, bitcoin, vet, apt, shib, qnt

Italy Trends: xrp, axs, shib, kas, slp, btc

Spain Trends: pepe, coti, ada, avax, doge, helium, rune

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

a) Africa

South Africa Trends: eth, xrp, coinmarketcap

Nigeria Trends: jasmy, ice, bitcoin

b) Middle East Trends: coinbase, venus, icp, luna, btc

c) Latin America

Brazil Trends: bomb lunc, kadena, luna, shib, xlm, matic

Argentina Trends: hbar, nexo, binance, ordi, axs

Mexico Trends: 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