Bitget Research: X to Launch Payment Option This Year, Dogecoin Surges Against the Trend Over the Weekend

In the past 24 hours, many new popular tokens and topics have emerged in the e40a268f-20f4-4560-b5b4-f358f4f8e340, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

LIGO (Token) - A BRC-20 token with the Bitcoin Layer 2 concept, Ligo was deployed on December 3, 2023. It has recently experienced a sudden surge in minting activity, with the holder count surpassing 12,000. The minting phase has been completed. The BRC-20 token LIGO has shown decent performance in the secondary market and its future trend will depend on the progress of the project's development. The project primarily targets Chinese-speaking users and recently held an AMA with 1100 participants, indicating substantial community interest.

ENS (Token) - The ENS Layer 2 data parsing solution has received open support from Vitalik Buterin, leading to a notable increase in its token value. Projects previously supported by Vitalik have shown decent performance in bull markets. Currently, ENS’s domain name resolution solution is only available on the Ethereum mainnet, indicating significant potential for future product development and a wide market scope.

TROLL (Token) - The memecoin TROLL, associated with Elon Musk, experienced a significant drop yesterday, with a 24-hour decline reaching 35%. The trading volume still stands at $17 million. This situation has created substantial unrealized losses and resistance levels for the token. For TROLL to surpass previous highs, the broader market needs to warm up, or there needs to be an influx of speculative capital. Influenced by TROLL, the overall memecoin market has seen considerable declines, indicating high market risk. It is advisable to observe the market before taking action.

SAVM (Token) - SatoshiVM (SAVM) completed its IDO on Bounce Launchpad on January 19. SatoshiVM is a decentralized Bitcoin ZK Rollup Layer 2, compatible with the EVM ecosystem, using native BTC for gas. Users can bridge BTC to the Satoshi VM testnet and migrate tBTC to the Bitcoin Layer 2 through the SatoshiVM bridge. With high popularity on DEXs and a 24-hour trading volume of $26 million, SAVM is a token to keep on your radar.

PENDLE (Token) - Recently, PENDLE added LRT asset components, enabling users to gain more benefits related to LRT. The product's continuous iteration has received positive feedback from the community. Pendle's price has reached a new all-time high, with its product capabilities and rapid development also being recognized by speculative capital. Positioned as a top-tier project in the LSDFI sector, Pendle presents potential hype opportunities in the narrative surrounding the Cancun upgrade and is worth monitoring. Bitget has listed this asset.

Lido (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. With the Cancun upgrade, LDO's price has been setting historical highs, driven by an influx of market funds into the LSD sector tokens. Despite the recent pullback, as a high-quality beta asset, LDO still has the potential to break previous highs and offers attractive trading opportunities. It is advisable to keep this token on your radar.

2.Popular NFTs:

Gas Hero (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero strongly emphasizes game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is active.

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.

Web3Go (DApp) - Web3Go, an AI-native digital asset management tool, and real-time data infrastructure project, has raised $4 million in a seed round in June 2023 led by Binance Labs, with participation from HashKey Capital. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

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.

Wormhole (DApp) - 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%. The project has not yet launched its token, making it an essential one to keep on your radar.

Ducky City (DApp) - A GameFi project on the Base chain. The DApp saw its daily active players reach a record number of 13,016, with an online player count of 1684. The project aims to be a combination of Metaverse, SocialFi, and GameFi. The project enjoys significant popularity and is supported by its community, making it one to watch closely.

Jupiter (DApp) - Jupiter's co-founder announced that the JUP token will be launched on January 31. Before the launch of JUP, the team plans to test the new launch platform, focusing on two key areas. The first test involves mockJUP (a simulated version of the JUP token), and the second involves a memecoin set to be released next week. Pre-registration for the JUP airdrop is currently open, and users can connect their wallets to see the number of JUPs they will receive.

Marginfi (DApp) - A top-tier lending DApp on Solana, Marginfi previously introduced a points algorithm, where users engaging in staking, lending, and LSD projects within the application can earn points. Recently, the platform launched its stablecoin YBX. Some institutions suggest that the project might launch its token in the first quarter. The project is gaining popularity, making it worth considering for engagement.

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. The project has not yet launched its token, offering an opportunity to interact early for a potential airdrop.

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:

No data for this segment today due to anomalies in the data source.

5.Regional Trending Searches:

Dogecoin (Token) - Influenced by the speculation around Twitter's payment integration, Dogecoin experienced a strong rebound on January 20. Elon Musk has stated that Dogecoin is still his preferred cryptocurrency, noting that both he personally and SpaceX hold a significant amount of it.

Main Body

Written by: Bitget Research

Data collection time: January 22, 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

LIGO (Token) - A BRC-20 token with the Bitcoin Layer 2 concept, Ligo was deployed on December 3, 2023. It has recently experienced a sudden surge in minting activity, with the holder count surpassing 12,000. The minting phase has been completed. The BRC-20 token LIGO has shown decent performance in the secondary market and its future trend will depend on the progress of the project's development. The project primarily targets Chinese-speaking users and recently held an AMA with 1100 participants, indicating substantial community interest.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 450,218

New active users on ETH: 84,941, with a daily decrease of 4.89%

Existing active users on ETH: 365,277, with a daily increase of 6.12%

2.1.2 New User Profile

Core data: There were a total of 84,941 new active users on ETH yesterday, with a daily decrease of 4.89%

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 365,277, with a daily increase of 6.12%

Popular Sectors

Popular Projects

Key Projects:

ENS (Token) - The ENS Layer 2 data parsing solution has received open support from Vitalik Buterin, leading to a notable increase in its token value. Projects previously supported by Vitalik have shown decent performance in bull markets. Currently, ENS’s domain name resolution solution is only available on the Ethereum mainnet, indicating significant potential for future product development and a wide market scope.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

TROLL (Token) - The memecoin TROLL, associated with Elon Musk, experienced a significant drop yesterday, with a 24-hour decline reaching 35%. The trading volume still stands at $17 million. This situation has created substantial unrealized losses and resistance levels for the token. For TROLL to surpass previous highs, the broader market needs to warm up, or there needs to be an influx of speculative capital. Influenced by TROLL, the overall memecoin market has seen considerable declines, indicating high market risk. It is advisable to observe the market before taking action.

2.2.2 Uniswap V3

SAVM (Token) - SatoshiVM (SAVM) completed its IDO on Bounce Launchpad on January 19. SatoshiVM is a decentralized Bitcoin ZK Rollup Layer 2, compatible with the EVM ecosystem, using native BTC for gas. Users can bridge BTC to the Satoshi VM testnet and migrate tBTC to the Bitcoin Layer 2 through the SatoshiVM bridge. With high popularity on DEXs and a 24-hour trading volume of $26 million, SAVM is a token to keep on your radar.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Gas Hero (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero strongly emphasizes game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is active.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,220,647

New active users on BSC: 180,168, with a daily increase of 2.17%

Existing active users on BSC: 1,040,479, with a daily decrease of 0.65%

3.1.2 New User Profile

Core data: There were a total of 180,168 new active users on BSC yesterday, with a daily increase of 2.17%

Popular Sectors

Popular Projects

Key Projects:

Web3Go (DApp) - Web3Go, an AI-native digital asset management tool, and real-time data infrastructure project, has raised $4 million in a seed round in June 2023 led by Binance Labs, with participation from HashKey Capital. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,040,479, with a daily decrease of 0.65%

Popular Sectors

Popular Projects

Key Projects:

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.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

TROLL (Token) - The TROLL token on the BSC experienced a significant surge followed by a sharp decline yesterday. This token is unrelated to the TROLL token on the Ethereum Network and is considered a replica token with the same name. It recorded nearly $2 million in 24-hour trading volume with approximately 7000 transactions. There is suspicion that the project team is maliciously manipulating the market, making participation highly risky.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 570,006

New active users on Polygon: 112,851, with a daily decrease of 21.18%

Existing active users on Polygon: 457,155, with a daily increase of 4.04%

4.1.2 New User Profile

Core data: There were a total of 112,851 new active users on Polygon yesterday, with a daily decrease of 21.18%

Popular Sectors

Popular Projects

Key Projects:

TurnUp (DApp) - TurnUp, a Web3 social gaming ecosystem, has seen continuous growth in on-chain transaction data, ranking high on the Polygon DApps daily active users chart. The project team promised in a tweet that once they rank first on the daily active users chart, they will host an AMA with Polygon founder Sandeep Nailwal.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 457,155, with a daily increase of 4.04%

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.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

There are no new popular tokens on Polygon DEXs.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 172,343

New Active Users on Arbitrum: 24,078, with a daily decrease of 12.85%

Existing Active Users on Arbitrum: 148,265, with a daily increase of 0.25%

5.1.2 New User Profile

Core data: There were a total of 24,078 new active users on Arbitrum yesterday, with a daily decrease of 12.85%

Popular Sectors

Popular Projects

Key Projects:

Wormhole (DApp) - 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%. The project has not yet launched its token, making it an essential one to keep on your radar.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 148,265, with a daily increase of 0.25%

Popular Sectors

Popular Projects

Key Projects:

RabbitHole (DApp) - RabbitHole has recently aggregated all tasks offered through the Quest Protocol, enabling users to earn tokens by engaging with crypto applications. The project is experiencing high levels of interaction, which may be related to a potential token launch, making it an attractive option for engagement.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) - Recently, Pendle added LRT asset components, enabling users to gain more benefits related to LRT. The product's continuous iteration has received positive feedback from the community. Pendle's price has reached a new all-time high, with its product capabilities and rapid development also being recognized by speculative capital. Positioned as a top-tier project in the LSDFI sector, Pendle presents potential hype opportunities in the narrative surrounding the Cancun upgrade and is worth monitoring. Bitget has listed this asset.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 79,960

New Active Users on Base: 10,655, with a daily increase of 16.46%

Existing Active Users on Base: 69,305, with a daily decrease of 16.85%

6.1.2 New User Profile

Core data: There were a total of 10,655 new active users on Base yesterday, with a daily increase of 16.46%

Popular Sectors

Popular Projects

Key Projects:

Ducky City (DApp) - A GameFi project on the Base chain. The DApp saw its daily active players reach a record number of 13,016, with an online player count of 1684. The project aims to be a combination of Metaverse, SocialFi, and GameFi. The project enjoys significant popularity and is supported by its community, making it one to watch closely.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 69,305, with a daily decrease of 16.85%

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.

7. DApp Ecosystem - All Chains

Jupiter (DApp) - Jupiter's co-founder announced that the JUP token will be launched on January 31. Before the launch of JUP, the team plans to test the new launch platform, focusing on two key areas. The first test involves mockJUP (a simulated version of the JUP token), and the second involves a memecoin set to be released next week. Pre-registration for the JUP airdrop is currently open, and users can connect their wallets to see the number of JUPs they will receive.

8.DApp Ecosystem - ETH Chain

Lido (Token) - Lido is the largest LSD project on Ethereum and holds the highest number of Ethereum staked. With the Cancun upgrade, LDO's price has been setting historical highs, driven by an influx of market funds into the LSD sector tokens. Despite the recent pullback, as a high-quality beta asset, LDO still has the potential to break previous highs and offers attractive trading opportunities. It is advisable to keep this token on your radar.

9.DApp Ecosystem - BSC

StarryNift (DApp) - StarryNift is a co-creation metaverse platform where users can play, create, and socialize. The project aims to expand Metaverse Horizons through innovative and diverse use cases to accelerate the adoption of Web3. The project team announced its tokenomics last December and plans to issue its token.

10.DApp Ecosystem - Polygon Chain

Galxe (DApp) - Galxe supports a variety of data sources, including both on-chain and off-chain. For on-chain credentials, curators can contribute through subgraph queries or static snapshots. For off-chain credentials, Project Galaxy has integrated with platforms like Snapshot.org, Twitter, and Github. This support for diverse data sources enables Project Galaxy to more broadly collect and utilize data.

11.DApp Ecosystem - Solana Chain

Marginfi (DApp) - A top-tier lending DApp on Solana, Marginfi previously introduced a points algorithm, where users engaging in staking, lending, and LSD projects within the application can earn points. Recently, the platform launched its stablecoin YBX. Some institutions suggest that the project might launch its token in the first quarter. The project is gaining popularity, making it worth considering for engagement.

12.DApp Ecosystem - Arbitrum Chain

WooFi (DApp) - Launched by the cryptocurrency exchange WOO as a DeFi project, it recently gained positive attention in a short period due to its plans to buy back the shares and tokens previously acquired by the hedge fund Three Arrows Capital. This move is aimed at "eliminating uncertainties."

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. The project has not yet launched its token, offering an opportunity to interact early for a potential airdrop.

14.DApp Ecosystem - GameFi Sector Across All Chains

Sweat (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. As the performance of the SWEAT token has been subpar, the project's user growth has hit a plateau.

15.Gas Fee Consumption - ETH Chain

The primary gas consumers on the Ethereum mainnet currently include: 1. Uniswap, 2. Stablecoin USDT, 3. MEV, 4. Various Layer 2 sorters, and 5. Telegram trading bots.

16.Gas Fee Consumption - 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.

17.Gas Fee Consumption - Polygon Chain

Smart Cat Proxy (DApp) - 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.

18.Gas Fee Consumption - Arbitrum Chain

RabbitHole (DApp) - RabbitHole has recently aggregated all tasks offered through the Quest Protocol, enabling users to earn tokens by engaging with crypto applications. The project is experiencing high levels of interaction, which may be related to a potential token launch, making it an attractive option for engagement.

19.Gas Fee Consumption - Base Chain

Aerodrome Finance Router (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

No data for this segment today due to anomalies in the data source.

21.Google Trends - Global

Dogecoin (Token) - Influenced by the speculation around Twitter's payment integration, Dogecoin experienced a strong rebound on January 20. Elon Musk has stated that Dogecoin is still his preferred cryptocurrency, noting that both he personally and SpaceX hold a significant amount of it.

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

a) South Asia Region

India Trends: ICP, monad, BXX

Pakistan Trends: Coinmarketcap, uniswap

b) Southeast Asia Region

Malaysia Trends: coinbase, coinmarketcap, bitcoin price

Philippines Trends: lunc, floki, xec, ron

Singapore Trends: depin, crypto bubble

Indonesia Trends: dogecoin, savm

Vietnam Trends: tradingview, crypto bubble

c) East Asia

Trends: No significant trends

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

a) CIS Region

Trends: crypto bubbles, coinmarketcap

b) English-speaking Countries

USA Trends: ethereum, cartesi crypto

Australia Trends: monad, eclipse, metis

Canada Trends: monad, paul, ctsi, helium

UK Trends: gala, cronos, rndr, xrp

c) Europe

Poland Trends: okx, shiba inu, pyth

France Trends: floki, flux, kepler, lexa

Switzerland Trends: uma, celestia

Türkiye Trends: crypto royale, coinmarketcap

Italy Trends: cartesi, ctsi, shiba inu, pendle

Spain Trends: bitcoin, avalanch, alt, celestia

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

a) Africa

South Africa Trends: coinmarketcap, crypto bubbles

Nigeria Trends: crypto bubbles

b) Middle East

UAE Trends: bitcoin, crypto bubbles

Saudi Arabia Trends: crypto bubbles

c) Latin America

Brazil Trends: bonk, altlayer, stellar, lunc, gmx

Argentina Trends: manta, uma, alt

Mexico Trends: shiba inu, solana, tron

Chile Trends: shiba inu

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