Bitget Research: SEC Twitter Account Hack Causes Price Spike in Crypto Market, Crypto Market Awaits Bitcoin ETF Approval

In the past 24 hours, many new popular tokens and topics have emerged in the market, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

TROLL (Token) - Due to Elon Musk's Twitter bio including the word "Troll" and its meaning in the internet culture, TROLL became a target of speculation by memecoin investors, leading to a significant increase in interest over a short period.

MUBI (Token) - MUBI, functioning as a bridge project for BRC20 and ERC20, has been one of the core projects in the rapid rise of the Bitcoin ecosystem this cycle, attracting attention from market players and investors. On January 9th, there was a general rebound in the Bitcoin ecosystem, with MUBI being a core project in the sector and among the first to rebound.

Alita (Token) - Alita is a memecoin themed around AI. Following its cold start through PinkSale, Alita witnessed considerable trading activity on the BSC. Recently, the token's price trend has been positive, but sustained development requires continued empowerment from the project.

LDO (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. With the progression of the final Dencun upgrade, tokens within the LSD sector have attracted significant market attention.

XAI (Token) - XAI, a trendy recent project on Arbitrum, was listed on several centralized exchanges. The project conducted a large-scale airdrop to its community, yet experienced a slighT price decline post-launch. It is advisable to keep monitoring its progress.

ARB (Token) - As the Ethereum Dencun upgrade approaches, Layer2 leading project token ARB has garnered attention from investors. Recently, ARB achieved a new all-time high of $2 but has since experienced a pullback.

Raydium (Token) - In the past 7 days, the revenue of Solana's ecosystem DEX, Raydium, has reached $87.07 million, surpassing Ethereum. According to DeFiLlama's fee data dashboard, the top five chains or protocols in terms of fees and revenue in the last seven days are Bitcoin ($117 million), Solana's ecosystem DEX Raydium ($87.07 million), Ethereum ($80.57 million), Avalanche ($30.67 million), Uniswap ($16.29 million), and Lido ($16.18 million).

2.Popular NFTs:

Gas Hero (NFT) - Gas Hero is another blockchain game from the creators of StepN, and it has received widespread anticipation from players. The trading volume and prices of its NFTs have significantly increased.

Smart Cats (NFT) - An NFT project launched by Smart Layer, 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. Smart Layer's official "Airdrop Confirmed" announcement hints at an upcoming airdrop and TGE.

3.Popular DApps:

Zeroex (DApp) - The 0x protocol is an open-source and decentralized trading protocol based on Ethereum, enabling users to trade Ethereum tokens (ERC-20) and non-fungible tokens (NFTs, i.e., ERC-721 tokens) quickly and securely across different decentralized exchanges. Its main role is to offer a standardized platform that enables developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. Maestro's daily transaction fees have increased to previous high points, ranging between $150,000 and $200,000, which helps it maintain its top position in the BOT sector.

TinyTap Game Events (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.

QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

Project_galaxy (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.

Woofi (Dapp) - The cryptocurrency trading platform WOO X is set to expand its Designated Market Maker (DMM) program to the spot market this month. 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.

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. It enhances social interaction and engagement and allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. 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.

4.Twitter Hot Topics:

BTC (Token) - A mix-up occurred with the U.S. SEC regarding the ETF approval. Initially, the SEC's Twitter account announced the approval of the ETF, which was followed by a clarification that the ETF had not yet been approved, attributing the earlier post to a hack. This incident led to a brief surge in BTC's price, reaching over $47,500, before quickly pulling back to a low of around $44,750. There is a significant call on social media for a thorough investigation into whether the SEC's account was actually hacked and if the SEC is implicated in market manipulation.

5.Regional Trending Searches:

XAI (Token) - XAI is a Layer 3 gaming chain, developed with direct support and assistance from Offchain Labs, the team behind Arbitrum. It began trading last night after launching on Binance Launchpool. XAI's competitors are MAGIC and GALA, with MAGIC having an FDV of $350 million and GALA at $1.25 billion. Based on the current price of XAI at $0.6, its FDV has already exceeded $1.5 billion.

Main Body

Written by: Bitget Research

Data collection time: January 10, 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

The inscription market has experienced a comprehensive pullback, with a significant decrease in trading volume. Tokens that have not been listed on CEXs generally lack liquidity.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 439,211

New active users on ETH: 89,904, with a daily decrease of 1.27%

Existing active users on ETH: 349,307, with a daily increase of 0.69%

2.1.2 New User Profile

Core data: There were a total of 89,904 new active users on ETH yesterday, with a daily decrease of 1.27%

Popular Sectors

Popular Projects

Key Projects:

Zeroex (DApp) - The 0x protocol is an open-source and decentralized trading protocol based on Ethereum, enabling users to trade Ethereum tokens (ERC-20) and non-fungible tokens (NFTs, i.e., ERC-721 tokens) quickly and securely across different decentralized exchanges. Its main role is to offer a standardized platform that enables developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 349,307, with a daily increase of 0.69%

Popular Sectors

Popular Projects

Key Projects:

Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. Maestro's daily transaction fees have increased to previous high points, ranging between $150,000 and $200,000, which helps it maintain its top position in the BOT sector.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

TROLL (Token) - Due to Elon Musk's Twitter bio including the word "Troll" and its meaning in the internet culture, TROLL became a target of speculation by memecoin investors, leading to a significant increase in interest over a short period.

2.2.2 Uniswap V3

MUBI (Token) - MUBI, functioning as a bridge project for BRC20 and ERC20, has been one of the core projects in the rapid rise of the Bitcoin ecosystem this cycle, attracting attention from market players and investors. On January 9th, there was a general rebound in the Bitcoin ecosystem, with MUBI being a core project in the sector and among the first to rebound.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Gas Hero (NFT) - Gas Hero is another blockchain game from the creators of StepN, and it has received widespread anticipation from players. The trading volume and prices of its NFTs have significantly increased.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,369,539

New active users on BSC: 200,757, with a daily decrease of 8.50%

Existing active users on BSC: 1,168,782, with a daily decrease of 3.31%

3.1.2 New User Profile

Core data: There were a total of 200,757 new active users on BSC yesterday, with a daily decrease of 8.50%

Popular Sectors

Popular Projects

Key Projects:

TinyTap Game Events (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 1,168,782, with a daily decrease of 3.31%

Popular Sectors

Popular Projects

Key Projects:

QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Alita (Token) - Alita is a memecoin themed around AI. Following its cold start through PinkSale, Alita witnessed considerable trading activity on the BSC. Recently, the token's price trend has been positive, but sustained development requires continued empowerment from the project.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 702,061

New active users on Polygon: 108,375, with a daily decrease of 6.49%

Existing active users on Polygon: 593,686, with a daily increase of 11.25%

4.1.2 New User Profile

Core data: There were a total of 108,375 new active users on Polygon yesterday, with a daily decrease of 6.49%

Popular Sectors

Popular Projects

Key Projects:

Smart Cats (NFT) - An NFT project launched by Smart Layer, 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. Smart Layer's official "Airdrop Confirmed" announcement hints at an upcoming airdrop and TGE.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 593,686, with a daily increase of 11.25%

Popular Sectors

Popular Projects

Key Projects:

Project_galaxy (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.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

LDO (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. With the progression of the final Dencun upgrade, tokens within the LSD sector have attracted significant market attention.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 314,484

New Active Users on Arbitrum: 122,629, with a daily increase of 293.18%

Existing Active Users on Arbitrum: 191,855, with a daily increase of 33.35%

5.1.2 New User Profile

Core data: There were a total of 122,629 new active users on Arbitrum yesterday, with a daily increase of 293.18%

Popular Sectors

Popular Projects

Key Projects:

XAI (Token) - XAI, a trendy recent project on Arbitrum, was listed on several centralized exchanges. The project conducted a large-scale airdrop to its community, yet experienced a slight price decline post-launch. It is advisable to keep monitoring its progress.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 191,855, with a daily increase of 33.35%

Popular Sectors

Popular Projects

Key Projects:

Woofi (Dapp) - The cryptocurrency trading platform WOO X is set to expand its Designated Market Maker (DMM) program to the spot market this month. 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.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

ARB (Token) - As the Ethereum Dencun upgrade approaches, Layer2 leading project token ARB has garnered attention from investors. Recently, ARB achieved a new all-time high of $2 but has since experienced a pullback.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 78,173

New Active Users on Base: 13,049, with a daily increase of 15.15%

Existing Active Users on Base: 65,124, with a daily increase of 0.05%

6.1.2 New User Profile

Core data: There were a total of 13,049 new active users on Base yesterday, with a daily increase of 15.15%

Popular Sectors

Popular Projects

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.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 65,124, with a daily increase of 0.05%

Popular Sectors

Popular Projects

Key Projects:

Layerzero (DApp) - According to the V2 technical whitepaper, the V2 version is already deployed on over 40 testnets, with the mainnet expected to launch in January 2024. Currently, more detailed information is not available. Layerzero currently ranks high in gas consumption across various chains.

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

OpenSea (DApp) - Recently, OpenSea reduced its staff by approximately 50% and plans to reposition its team around OpenSea 2.0. The New York hedge fund Coatue has cut the value of its OpenSea shares by 90% to $13 million, which may suggest that the current valuation of OpenSea is only $1.4 billion.

9.DApp Ecosystem - BSC

QnA3 (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

10.DApp Ecosystem - Polygon Chain

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. It enhances social interaction and engagement and allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

11.DApp Ecosystem - Solana Chain

Raydium (Token) - In the past 7 days, the revenue of Solana's ecosystem DEX, Raydium, has reached $87.07 million, surpassing Ethereum. According to DeFiLlama's fee data dashboard, the top five chains or protocols in terms of fees and revenue in the last seven days are Bitcoin ($117 million), Solana's ecosystem DEX Raydium ($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

RabbitHole (DApp) - RabbitHole has recently initiated rewards for interactions with the Arb ecosystem, leading to a large amount of interaction among users on the chain.

13.DApp Ecosystem - Base Chain

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.

14.DApp Ecosystem - GameFi Sector Across All Chains

Sweat Economy (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. Users can earn SWEAT tokens through its Sweat Wallet application by engaging in daily physical activities.

15.Gas Fee Consumption - ETH Chain

Uniswap (DApp) - According to the Snapshot page, the Uniswap community has proposed a temperature check proposal aimed at lowering the current proposal threshold (PT). The proposal suggests reducing the threshold from 2.5 million UNI tokens to 1 million UNI tokens. This move is intended to broaden the base of representatives eligible to submit on-chain proposals, thereby increasing representative participation.

16.Gas Fee Consumption - BSC

QnA3 (DApp) - An AI-driven Web3 knowledge sharing platform, QnA3.AI has been selected for Binance Labs' Incubation Program Season 6 and awarded the title of a high-potential project on the 6th anniversary of BNB Chain, with an expected airdrop.

17.Gas Fee Consumption - Polygon Chain

Smart Cats (NFT) - An NFT project launched by Smart Layer, 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. Smart Layer's official "Airdrop Confirmed" announcement hints at an upcoming airdrop and TGE.

18.Gas Fee Consumption - Arbitrum Chain

The details about XAI are available in some of the previous and following sections

19.Gas Fee Consumption - Base Chain

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. 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.

20.Top Trending Tokens on Twitter

BTC (Token) - A mix-up occurred with the U.S. SEC regarding the ETF approval. Initially, the SEC's Twitter account announced the approval of the ETF, which was followed by a clarification that the ETF had not yet been approved, attributing the earlier post to a hack. This incident led to a brief surge in BTC's price, reaching over $47,500, before quickly pulling back to a low of around $44,750. There is a significant call on social media for a thorough investigation into whether the SEC's account was actually hacked and if the SEC is implicated in market manipulation.

21.Google Trends - Global

XAI (Token) - XAI is a Layer 3 gaming chain, developed with direct support and assistance from Offchain Labs, the team behind Arbitrum. It began trading last night after launching on Binance Launchpool. XAI's competitors are MAGIC and GALA, with MAGIC having an FDV of $350 million and GALA at $1.25 billion. Based on the current price of XAI at $0.6, its FDV has already exceeded $1.5 billion.

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

a) South Asia Region

India Trends: XAI

Pakistan Trends: XAI, chinese crypto coins, BONK

b) Southeast Asia Region

Malaysia Trends: celsius, SOL, XRP

Philippines Trends: BSW, DOGE, XAI

Singapore Trends: XAI, bitcoin etf, HNT

Indonesia Trends: INJ

Vietnam Trends: XAI, Linea

c) East Asia

Taiwan Trends: TIA, crypto.com credit card

Japan Trends: APEX

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

a) CIS Region

Russia Trends: SNX, cryptorank

Ukraine Trends: ai crypto, XAI

Belarus Trends: WLD

b) English-speaking Countries

USA Trends: BEAM, NEON, XAI

Australia Trends: OSMS, OEDI, BIGTIME

Canada Trends: SOL, JITO, HEX

UK Trends: INJ, ASTR, ATOM, BONK

c) Europe

Poland Trends: AMP

France Trends: XAI, NTRN, RDNT

Switzerland Trends: TRX, SOL, XAI, XRP

Turkey Trends: bitcoin dominans, samsung ai, paribu

Germany Trends: GRT

Italy Trends: ULX, XMR, HNT, RUNE

Spain Trends: IOTX, ATOM, JUP, PI, DOGE, STX, FET, NEAR

Belgium Trends: XAI, WLD, TIA

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

a) Africa

Morocco Trends: XAI, GALA, AXE

South Africa Trends: XRP, XAI

b) Middle East

Israel Trends: DOGE, XAI

UAE Trends: XAI, BTC

Saudi Arabia Trends: XAI, SHIB, pancakeswap

c) Latin America

Brazil Trends: MKR, XAI, DAI

Argentina Trends: AVAX, GALA, XVG

Reference Links

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

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