Delta (DELTA) news

Elixir Network (ELX): Revolutionizing Liquidity in DeFi

What is Elixir Network (ELX)? Elixir Network (ELX) is a modular decentralized network built to power high-speed and efficient trading across DeFi. It allows users to supply liquidity to order book-based exchanges without relying on centralized market makers. This means that regular users, not just big financial institutions, can provide liquidity and earn rewards while keeping the system decentralized. One of Elixir’s key innovations is deUSD, a fully collateralized, yield-bearing synthetic dollar. deUSD allows traditional financial institutions to access DeFi without changing their original asset exposure. Backed by stETH and MakerDAO’s USDS T-Bill protocol, deUSD provides a secure and efficient way to bring institutional capital into DeFi. Who Created Elixir Network (ELX)? Elixir Network was founded by two experienced crypto professionals: ● Philip Forte – Founder and CEO of Elixir. He previously worked as a partner at BlockVenture Coalition and studied at Carnegie Mellon University - Tepper School of Business. ● Christopher Gilbert – Co-Founder and CTO of Elixir. He was formerly a Lead Engineer at Tokensoft Inc and studied at the University of Maine. What VCs Back Elixir Network (ELX)? Elixir is backed by some of the biggest names in crypto venture capital, including Maelstrom, Mysten Labs, Hack VC, and many more. How Elixir Network (ELX) Works Elixir’s technology is designed to provide deep liquidity while remaining decentralized. It uses a modular system that includes several key components: 1. Validator Network (DPoS - Delegated Proof of Stake) Elixir’s validator network secures the system and ensures that liquidity providers are rewarded fairly. Validators operate under a delegated proof of stake (DPoS) model, where users can stake ELX tokens to support validators and earn rewards. Validators are responsible for approving liquidity transactions and ensuring fair market-making operations. They require 66% consensus to process transactions, ensuring security and efficiency. The ELX token is used for validator staking and governance, making it a critical part of the Elixir ecosystem. 2. deUSD: The Native Currency of Elixir Elixir’s deUSD is different from traditional stablecoins. Instead of being backed by a 1:1 reserve of U.S. dollars, deUSD is supported by: ● stETH, which is used in a delta-neutral trading strategy ● MakerDAO’s USDS T-Bill protocol This structure allows deUSD to generate yield, making it a more efficient form of collateral than traditional stablecoins. It also enables institutional investors to enter DeFi without changing their existing asset exposure. 3. Retail Liquidity Provision One of Elixir’s biggest innovations is allowing regular users to supply liquidity to order book-based DEXs. This was previously only possible through centralized market makers. Now, anyone can contribute liquidity and earn rewards while helping DEXs improve their trading experience. 4. Exchange Integrations Elixir is already integrated with some of the top DeFi platforms, including: ● Vertex Fusion – Uses Elixir to provide trustless, delta-neutral liquidity on order books. ● Orderly Quantum – Lets retail users supply liquidity to trading pairs using Elixir. ● dYdX – Will integrate Elixir to allow permissionless market creation, meaning anyone can list and trade new assets. These integrations make Elixir an essential part of DeFi’s future, as it helps exchanges bootstrap liquidity without relying on centralized institutions. ELX Goes Live on Bitget Elixir Network is revolutionizing liquidity in DeFi by making market-making more decentralized, accessible, and efficient. By integrating institutional capital, empowering retail liquidity providers, and using innovative technologies like deUSD, Elixir is solving some of the biggest problems in the crypto industry. How to Trade ELX on Bitget Spot Listing time: 7 March 2025, 10:00 (UTC) Step 1: Go to ELXUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade ELX on Bitget now! ELX on Bitget Launchpool - Lock BGB and DEUSD to share 3,833,000 ELX There's more! ELX will be a part of Bitget Launchpool, a platform for users to lock and get free tokens. Join now to get the best out of it! Locking period: 7 March 2025, 10:00 – 10 March 2025, 10:00 (UTC) Details: Total ELX Campaign Pool: 3,833,000 ELX BGB Campaign Pool: 3,549,700 ELX DEUSD Campaign Pool: 283,300 ELX For more specific information on how to get ELX tokens on Bitget Launchpool, check out the announcement here. Lock now! ELX on Bitget CandyBomb – Trade to share 140,000 ELX Promotion period: 7 March 2025, 10:00 –14 March 2025, 10:00 (UTC) For more specific information, check out the announcement here. CandyBomb Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Solv Protocol (SOLV): A Revolutionary Approach to Bitcoin Staking and DeFi

What is Solv Protocol (SOLV)? Solv Protocol (SOLV) is a decentralized finance platform designed to unlock the earning potential of Bitcoin. It enables users to stake Bitcoin across multiple blockchains and ecosystems while maintaining liquidity through its unique infrastructure. At its heart is the Staking Abstraction Layer (SAL), a modular system that simplifies the complex processes involved in staking Bitcoin and earning incentives. With SAL, Bitcoin holders can access various DeFi strategies while holding a liquid version of their Bitcoin, called SolvBTC. Who Created Solv Protocol (SOLV)? The team behind Solv Protocol is not publicly known. What VCs Back Solv Protocol (SOLV)? Solv Protocol is an impressive lineup of investors such as UOB, Spartan, CMS, Kronos, Blockchain Capital, Binance Labs, BingVentures, etc. How Solv Protocol (SOLV) Works Staking Abstraction Layer (SAL) At the core of Solv Protocol is its Staking Abstraction Layer (SAL), an advanced infrastructure that simplifies Bitcoin staking while ensuring security, transparency, and efficiency. SAL abstracts the technical complexities of staking Bitcoin and provides a unified, user-friendly interface for accessing yield-generating strategies. Key Components of SAL 1. LST Generation Service - This service handles the issuance and redemption of liquid staking tokens (LSTs). - Users stake their Bitcoin and receive SolvBTC LSTs, which represent their staked BTC. These tokens are tradable and can be used in DeFi protocols for additional earnings. 2. Staking Validation Service - The validation service ensures that all staking and unstaking transactions are secure and meet specific criteria. - A group of validators, called Staking Guardians, verifies each transaction, preventing fraud and guaranteeing the accuracy of the process. 3. Transaction Generation Service - This service builds staking transactions tailored to various protocols. - It optimizes fees and timing, ensuring efficient and cost-effective staking for users. 4. Yield Distribution Service - This component calculates and distributes staking incentives. - It also connects users to additional yield opportunities, such as trading strategies and liquidity provision in DeFi platforms. Solv Protocol's Four Key Products Solv Protocol’s innovative approach extends beyond SAL to offer four main products that enhance Bitcoin’s earning potential: 1. SolvBTC SolvBTC is a liquid version of Bitcoin issued when users stake BTC through Solv Protocol. Unlike traditional Bitcoin staking, where assets are locked up, SolvBTC provides liquidity and flexibility. - How It Works: Users deposit Bitcoin into Solv’s staking system. In return, they receive SolvBTC tokens that represent their staked assets. - Benefits: These tokens can be traded, used in DeFi protocols, or redeemed for the original Bitcoin, making them a valuable tool for diversifying earnings. 2. SolvBTC Liquid Staking Tokens (LSTs) SolvBTC LSTs are an advanced form of SolvBTC that offers even more functionality within the DeFi ecosystem. - Security: The issuance process is tightly monitored to ensure a 1:1 backing of LSTs with Bitcoin. - Cross-Chain Compatibility: SolvBTC LSTs can be used across multiple blockchains, unlocking yield opportunities on platforms that support Bitcoin staking. 3. DeFi Vaults DeFi Vaults are specialized financial products that allow users to earn additional yields by participating in advanced trading strategies. - Delta-Neutral Strategies: These strategies minimize risk by balancing long and short positions. For example: ○ GMX: Users provide liquidity on decentralized perpetual exchanges. ○ Ethena: A basis trading approach ensures consistent returns without exposure to market volatility. ○ Jupiter: Offers yield farming opportunities with minimal market risk. - Earnings: DeFi Vaults transform Bitcoin into an active, productive asset, generating stable returns. 4. Bitcoin Reserve Offerings Bitcoin Reserve Offerings are innovative financial instruments that connect Bitcoin holders with networks requiring BTC’s economic security. - Restaking Yields: Users can stake Bitcoin on platforms like Babylon, EigenLayer, and Symbiotic to earn native token incentives. - Validator Rewards: Participate in securing Bitcoin Layer 2 networks such as CoreDAO, Stacks, and Botanix, earning incentives while supporting decentralized ecosystems. SOLV Goes Live on Bitget SOLV, the native token of Solv Protocol, offers strong utility for those looking to engage with the platform. By holding and trading SOLV, users can participate in governance decisions that shape the future of the protocol, earning the right to vote on key network changes. Additionally, SOLV can be staked on Solv's SAL, allowing holders to earn protocol emissions and maximize their rewards. For those looking to reduce costs, SOLV also provides fee discounts, including lower redemption fees for SolvBTC. With these strong utilities, SOLV is positioned as a valuable asset for those engaging with Solv Protocol’s innovative Bitcoin staking and DeFi products. Trading SOLV on a reputable platform like Bitget ensures access to these benefits while tapping into one of the most promising tokens in the DeFi space. Now is the time to explore SOLV and make the most of its features! How to Trade SOLV on Bitget Listing time: January 17, 2025 Step 1: Go to SOLVUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade SOLV on Bitget now! PoolX — Lock SOLV to share 2,520,000 SOLV Locking period: 18 January 2025, 10:00 – 28 January 2025, 10:00 (UTC) Lock Now Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

241114: Bitcoin Hits New All-Time High of $93K as U.S. Demand Soars

Bitcoin reached a record high of over $93,000 on Nov. 13, driven by surging demand from U.S. investors. This price increase began as U.S. markets opened, suggesting that American buyers played a major role. Notably, Bitcoin’s Coinbase Premium Index, which measures U.S. buying pressure, hit its highest level since April. Additionally, BlackRock’s iShares Bitcoin ETF (IBIT) saw substantial activity, ranking as the fourth most-traded ETF with $1.2 billion in volume within the first hour of trading. Analysts highlighted that this rally was primarily spot-driven, meaning that the buying pressure came from direct purchases rather than futures trading. This pattern points to sustained demand, as spot cumulative volume delta (CVD) showed a strong net buying trend correlated with the price jump. By mid-day, Bitcoin traded around $92,200, up nearly 7% over the past 24 hours, while Ethereum and Solana saw more modest gains. Source: CoinDesk Futures Market Updates In the past 24 hours, BTC futures saw a notable increase in open interest (+2.92%) to $54.78B, while ETH open interest slightly declined (-0.42%) to $17.62B, indicating greater engagement in BTC contracts than in ETH. BTC's 24-hour trading volume dipped only marginally (-0.42%), contrasting with a sharper drop in ETH trading volume (-15.77%), suggesting a stronger momentum for BTC in recent trading activity. BTC also experienced higher total liquidations compared to ETH, with $114.29M in long positions and $133.77M in short positions, while ETH liquidations were $68.85M (long) and $35.30M (short), reflecting more volatility in BTC. Both BTC and ETH futures show a nearly balanced long/short ratio, though ETH has a slight short bias. Lastly, funding rates for both remain positive but low, with BTC at 0.0192% and ETH at 0.0173%, indicating modest bullish sentiment across both assets. BTC Futures Updates Total BTC Open Interest: $54.78B (+2.92%) BTC Volume (24H): $188.90B (-0.42%) BTC Liquidations (24H): $114.29M (Long)/$133.77M (Short) Long/Short Ratio: 49.91%/50.09% Funding Rate: 0.0192% Ether Futures Updates Total ETH Open Interest: $17.62B (-0.42%) ETH Volume (24H): $68.42B (-15.77%) ETH Liquidations (24H): $68.85M (Long)/$35.30M (Short) Long/Short Ratio: 48.64%/51.36% Funding Rate: 0.0173% Top 3 OI Surges FWOG: $6.77M (+196.70%) PNUT: $303.78M (+187.29%) WEN: $8.29K (+173.04%)

Ethena Labs' USDe: A New Dawn For Synthetic Stablecoins

The ever-evolving world of decentralised finance (DeFi) has a thirst for innovative and reliable stablecoins that is yet to be satisfied. Ethena Labs has positioned itself at the forefront of the stablecoin revolution with its groundbreaking synthetic stablecoin USDe, which, with its unique approach to stability, security, and yield generation, is widely seen as the next generation of stablecoins. By addressing the shortcomings of traditional stablecoins and earlier synthetic models, USDe set a new standard for stablecoins in the DeFi landscape as a scalable and attractive option for both individual users and institutional investors. The Inspiration Behind USDe Ethena Labs was founded with a vision to create a more decentralised, transparent, and efficient financial system. The team recognised the limitations and vulnerabilities of existing stablecoins, such as their reliance on traditional financial systems, regulatory risks, and the potential for depegging during market turbulence. Inspired by the need for a truly crypto-native solution, Ethena Labs set out to develop USDe - a synthetic dollar that maintains stability without depending on fiat reserves or real-world assets. This innovation aims to provide a robust alternative to traditional stablecoins like USDT and USDC while overcoming the challenges faced by earlier synthetic stablecoins. How USDe Works USDe operates on a delta-neutral strategy, which involves using a combination of digital assets and derivatives to hedge against market volatility. Delta hedging is a technique used to reduce the risk associated with price movements of the collateral assets. This involves opening short positions in perpetual futures contracts that offset the price movements of the collateral assets. If the value of the collateral drops, the short positions gain value, and vice versa, ensuring the overall value remains stable. This strategy effectively neutralises the exposure to market fluctuations, maintaining the peg to the dollar. USDe not only maintains stability but also generates yield. The protocol earns returns from the staking rewards of stETH and from funding fees and basis spreads in perpetual futures markets. This yield is distributed to users who stake their USDe in the form of sUSDe, creating an attractive investment opportunity. Users can mint USDe by providing collateral in the form of Bitcoin (BTC), Ethereum (ETH), Staked Ether (stETH), or USDT. The collateral assets are held in secure, decentralised custody solutions. This collateral supports the issuance of USDe and backs its value, ensuring the stability and security of the synthetic dollar. Addressing Potential Risks Ethena Labs has implemented comprehensive risk management strategies to mitigate the potential risks associated with USDe: Funding Risk: The protocol maintains a reserve fund to cover periods of negative funding rates, ensuring that users are not affected by these fluctuations. Liquidation Risk: By using minimal leverage and actively managing collateral positions, Ethena minimises the likelihood of forced liquidations. The system is designed to intervene proactively to protect the collateral value. Custodial Risk: Ethena employs multiple off-exchange settlement (OES) providers to custody collateral assets so that assets are safeguarded even in the event of an exchange failure. Exchange Failure Risk: The protocol diversifies its exposure across multiple centralised exchanges and monitors the ecosystem closely to mitigate the impact of any single exchange’s failure. Evolving From The Old Synthetic Stablecoin Paradigm Previous attempts at creating synthetic stablecoins like UXD, TerraUSD, and DAI faced significant challenges that limited their success. UXD struggled with liquidity issues due to its reliance on decentralised exchanges, TerraUSD’s algorithmic design ultimately led to its collapse, and DAI, although more stable, faces scalability issues and depends heavily on over-collateralisation. USDe addresses these shortcomings by learning from these limitations: Leveraging centralised exchange liquidity: USDe learns from UXD’s liquidity issues by using the abundant liquidity of centralised exchanges, allowing it to scale effectively and maintain its peg even during high volatility. Decentralised collateral base: Unlike TerraUSD and DAI, USDe employs a decentralised collateral approach using assets like stETH, which keeps it independent from and unaffected by traditional financial systems, mitigating risks associated with fiat reserves and over-collateralisation. Robust risk management: USDe incorporates multiple layers of risk management, including reserve funds, proactive liquidation management, and diversified custodial solutions, addressing the stability concerns seen with TerraUSD’s algorithmic design and DAI’s reliance on over-collateralisation. By addressing the liquidity, stability, and scalability issues faced by its predecessors, USDe aims to provide a more reliable and resilient synthetic stablecoin solution for the DeFi space. USDe's Potential Growth And Adoption USDe’s innovative design and robust risk management position it for significant growth and adoption in the DeFi space. The key aspects contributing to its potential are scalability, yield generation, decentralisation and security, and community support. By leveraging centralised exchange liquidity and decentralised collateral, USDe demonstrates exceptional scalability. The rapid achievement of a $2 billion market cap underscores strong initial market confidence and adoption. This scalability is further complemented by the protocol’s yield generation capabilities. The attractive yields from staking USDe (sUSDe) appeal to investors seeking stable returns in a volatile market, distinguishing it from less secure alternatives like Terraform Labs’ UST. USDe’s decentralised framework and robust risk management enhance its security and reliability to turn it into a dependable option detached from traditional financial systems. This security, coupled with Ethena Labs’ commitment to transparency and continuous improvement, builds a strong foundation for a supportive community and ecosystem. Active community engagement and a focus on evolving the protocol to address emerging risks further reinforce the stability and appeal of USDe. Final Words As the DeFi landscape continues to evolve, USDe is poised to become a leading stablecoin that is a secure, scalable, and yield-generating alternative compared to existing stablecoins. With its innovative approach and commitment to overcoming the limitations of its predecessors, USDe is well-positioned to drive the next wave of growth and adoption in the world of decentralised finance. Buy USDe on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Introducing USDe Margin for Bitget Coin-Margined Futures

Bitget has successfully integrated Ethena Labs' synthetic dollar, USDe, as margin for coin-margined futures! With the SEC's approval of Bitcoin and Ethereum ETFs, interest in new financial tools is growing. As a leading cryptocurrency exchange, Bitget is committed to providing an exceptional trading experience and stays ahead of industry trends by recognizing the potential of USDe. Like USDT, USDe is expected to be highly competitive in the market. By enabling USDe as margin in coin-margined futures, Bitget meets the demand for more versatile financial tools, allowing users to manage and grow their portfolios in innovative ways. Bitget Coin-Margined Futures Bitget's coin-margined futures are futures trading products quoted and settled in cryptocurrency. This kind of futures trading supports multiple cryptocurrencies as margin for trading pairs. Also known as inverse futures, this type of trading allows investors to directly use cryptocurrencies to participate in the market without converting their coins into stablecoins and potentially missing out on price increases. For example, by using BTC as margin, you can leverage trade BTCUSD, ETHUSD, and EOSUSD, with profits and losses calculated in BTC. This method offers more trading options and allows you to use leverage to open positions. What is USDe? USDe is a new type of stablecoin developed by Ethena (ENA) on the Ethereum blockchain. Unlike traditional stablecoins like USDC or USDT, USDe is not pegged to fiat currencies. Instead, it is a synthetic dollar collateralized with crypto assets and short futures positions. This unique approach enables Ethena to provide a censorship-resistant, scalable, and stable form of digital money. The world of cryptocurrency has long been in need of a decentralized base money asset that is not reliant on traditional banking infrastructure. While stablecoins have emerged as a crucial financial instrument within the crypto ecosystem, they still remain tied to centralized systems, posing risks such as custodial failures and regulatory challenges. USDe effectively addresses these issues. It is censorship-resistant and does not depend on traditional banking infrastructure. The stability of USDe is ensured through a mechanism known as delta hedging, which involves offsetting the price change risk of the collateral assets with corresponding short futures positions. New Feature: Using USDe as Margin in Bitget Coin-Margined Futures Bitget has now become a leading cryptocurrency derivatives trading platform with various innovative products. Among these, Bitget's coin-margined futures is a unique product designed specifically for cryptocurrency enthusiasts. To provide a better user trading experience, Bitget has further enhanced its margin options, allowing users to use USDe as margin for futures trading. With this new feature, users can simultaneously hold long and short positions in BTC, ETH, and other crypto-margined futures. If users choose USDe as margin, they can settle profits and losses in USDe. If users choose other cryptocurrencies as margin, profits and losses will be settled in that cryptocurrency. For example, a user trading BTCUSD coin-margined futures on Bitget is bullish on BTC and buys a BTC long futures contract at $60,000. They need to deposit a margin in USDe, let's say 1,000 USDe ($1,000). If BTC's price rises to $70,000 before expiration, the user will gain a total profit of $10,000, calculated in USDe. Conversely, if BTC's price drops to $50,000 before expiration, the user will incur a loss of $10,000, also calculated in USDe. If the user's margin level falls below the required maintenance margin level, they may be required to add more USDe to their margin account to maintain the required level, and avoid being liquidated. Advantages of Using USDe as Margin in Bitget Coin-Margined Futures Using USDe as margin offers several benefits, including: Diversified Trading Strategies: Provides traders with greater flexibility and variety by offering another collateral option. It helps manage risks more effectively and offers a more efficient way to trade collateralized assets, especially beneficial for traders exploring trading strategies beyond holding and staking. Improved Capital Efficiency: Better optimization of asset allocation. Stable and Convenient Trading Experience: Provides a more stable and convenient trading experience for users. Guide on Trading with USDe To trade futures with USDe as margin, you first need to transfer USDe from your Bitget spot account to your coin-margined futures account. Internal transfers within Bitget are fee-free. Here are the steps to trade with USDe as margin in Bitget Coin-Margined Futures (using the Bitget app as an example): Step 1 - Log in to the Bitget trading platform. Step 2- Transfer USDe: Transfer USDe to your Bitget coin-margined account. Step 3 - Enter Futures Coin-M page: Tap on the Futures button at the main navigation bar, and select the Coin-M tab. Step 4 - Choose a trading pair: Select the trading pair you want to trade, such as BTCUSD. Step 5 - Choose the margin: Tap on the Margin BTC button, and select USDe as your margin. Step 6 - Set leverage: Based on your risk tolerance and trading strategy, set the appropriate leverage. Note that higher leverage increases the risk of profit and loss. Step 7 - Place orders: Based on your market analysis and trading strategy, choose to buy or sell. You can choose market orders, limit orders, or other types of orders. Step 8 - Monitor positions and market trends: During trading, closely monitor your positions and market trends. You can set stop-loss and take-profit orders to control risks and protect profits. Step 9 - Close positions: When your trade reaches the expected profit or incurs a loss, choose to close the position. You can choose market close or limit close. By following these steps, you can effectively use USDe as margin for coin-margined futures on Bitget.

Thetanuts Finance (NUTS): A New Frontier in Altcoin Options

What is Thetanuts Finance (NUTS)? Thetanuts Finance (NUTS) is a decentralized platform that lets users trade options on altcoins. Options are financial instruments that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price before a specific date. While many options protocols focus on major cryptocurrencies like Ether and Wrapped Bitcoin, Thetanuts Finance fills a gap in the market by concentrating on altcoins. How Thetanuts Finance (NUTS) Works Thetanuts Finance operates through a few key components: Basic Vaults, Basic Vault LP Tokens, a Lending Market, and an Automated Market Maker (AMM). Here’s how each of these elements works together to create the best options trading experience: Basic Vaults The foundation of Thetanuts Finance is its Basic Vaults. These vaults sell out-of-money (OTM) European cash-settled options to accredited market makers. OTM options are those where the strike price (the price at which the option can be exercised) is higher than the current price for calls, or lower than the current price for puts. This means that these options are not yet profitable to exercise but can generate yields for users in the form of option premiums. Each Basic Vault has pre-defined parameters such as strike price, delta (a measure of the option's sensitivity to changes in the price of the underlying asset), and tenor (the time until the option expires). These parameters create specific risk-adjusted yields, making it easier for users to understand their potential returns without having to set these parameters themselves. Basic Vault LP Tokens When users deposit assets into Basic Vaults, they receive Basic Vault LP Tokens. These tokens represent short volatility positions, either as short call ($XYZ-C) or short put ($XYZ-P) positions. Short call positions are designed to generate income by selling calls, while short put positions aim to accumulate the underlying asset by selling puts. These tokens can be minted (created) when users deposit into Basic Vaults and redeemed (exchanged back for the original asset) by initiating a withdrawal from the vault. This mint and redeem process also establishes a “Mint Price,” which is the value of the LP token at the time of creation or redemption. The Lending Market The Lending Market in Thetanuts Finance v3 is inspired by Aave v2, a popular DeFi lending protocol. Users can deposit their Basic Vault LP Tokens into the Lending Market to earn additional interest. This market supports assets such as $XYZ-C, $XYZ-P, $XYZ, and $USDC. Borrowers can use the Lending Market to open long positions by borrowing Basic Vault LP Tokens and selling them on the AMM. The Lending Market also supports flash loans, allowing users to borrow up to 95% of their collateral's value temporarily, which implies a theoretical leverage limit of 20x. Automated Market Maker (AMM) Thetanuts Finance utilizes Uniswap v3 pools in its AMM to allow users to trade long or short on-chain options. Liquidity providers add assets to these pools, enabling traders to take long or short positions. For calls, liquidity pairs are $XYZ/$XYZ-C, and for puts, they are $XYZ-P/$USDC. The price of the LP tokens in these pools, known as the “AMM Price,” is determined by the ratio of assets in the pool. Sources of Yield Thetanuts Finance offers users multiple ways to generate yields, making it an attractive platform for investors. Here are the five main sources of yield: ● Option Premiums: By selling OTM European cash-settled options in the Basic Vaults, users earn option premiums as yields. ● Lending Interest: Users who deposit their Basic Vault LP Tokens into the Lending Market earn interest from borrowers. ● Trading Fees: Liquidity providers in the AMM earn a 50% share of trading fees from the pools. ● NUTS Token Incentives: In the future, users may receive NUTS token rewards for providing liquidity and generating trading volume on the platform. ● Additional Token Incentives: Other blockchain ecosystems might offer extra token incentives to encourage activity on Thetanuts Finance. NUTS Goes Live on Bitget Thetanuts Finance's native token, NUTS, is now available for trading on Bitget. NUTS serves as the governance token within the Thetanuts ecosystem, allowing holders to stake their tokens to gain voting power and influence over protocol decisions. By converting NUTS into veNUTS, users can participate in gauge voting and governance, contributing to the platform's long-term goals of decentralization and efficient management. Additionally, veNUTS holders can earn boosted emissions on their liquidity incentives, making it a valuable asset for those committed to the ecosystem. Trading NUTS on Bitget offers an opportunity to engage with and support the growth of Thetanuts Finance. How to Trade NUTS on Bitget Listing time: May 20, 2024 Step 1: Go to NUTSUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade NUTS on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Ethena (ENA): A Decentralized Solution to Financial Stability

What is Ethena (ENA)? Ethena (ENA) is a synthetic dollar protocol developed on the Ethereum blockchain, offering a new breed of stablecoin called USDe. Unlike traditional stablecoins like USDC or USDT, USDe is not pegged to fiat currencies. Instead, it is a synthetic dollar collateralized with crypto assets and short futures positions. This unique approach enables Ethena to provide a censorship-resistant, scalable, and stable form of digital money. The world of cryptocurrency has long been in need of a decentralized base money asset that is not reliant on traditional banking infrastructure. While stablecoins have emerged as a crucial financial instrument within the crypto ecosystem, they still remain tied to centralized systems, posing risks such as custodial failures and regulatory challenges. Ethena aims to address these issues by providing a scalable crypto-native form of money that is censorship-resistant and not dependent on traditional banking infrastructure. By doing so, it seeks to lay the foundation for a truly decentralized financial system that can operate at scale. How Ethena (ENA) Works At the core of Ethena lies the USDe token, a synthetic dollar that is fully backed, transparently on-chain, and free to use in DeFi. The stability of USDe is ensured through a mechanism known as delta hedging, which involves offsetting the price change risk of the collateral assets with corresponding short futures positions. Minting and Staking USDe Minting USDe involves users requesting a price from the Ethena Pricing API and generating a signed order, which is then checked by Ethena's server. Once approved, the order is sent to the blockchain for execution, with the user receiving USDe tokens in return. Slippage management ensures that transaction outcomes are predictable, minimizing the risk of price discrepancies. This process, facilitated by Ethena's minting system, blends centralized and decentralized elements to ensure a high level of trustlessness. Additionally, users can stake their USDe tokens to earn rewards. To do so, users transfer USDe into the StakedUSDe smart contract and receive staked USDe (sUSDe) tokens in return. Rewards accrue over time based on the protocol's generated yield, providing users with a passive income stream. Yield Generation Ethena generates sustainable yields through two main sources. Firstly, staking ETH to receive consensus and execution layer rewards provides a variable yield. Secondly, the funding and basis spread from delta hedging derivatives positions offer additional yield opportunities, with historical rates fluctuating based on market dynamics. ENA Goes Live on Bitget Ethena represents a significant step forward in the quest for financial stability within the cryptocurrency space. As the demand for stable and reliable digital assets continues to grow, Ethena's innovative approach to synthetic dollars offers a scalable and censorship-resistant solution that can cater to a global audience. With its focus on transparency, trustlessness, and sustainability, Ethena is well-positioned to capture a significant share of the stablecoin market and establish itself as a cornerstone of the emerging decentralized financial ecosystem. ENA, the native token of Ethena, presents an opportunity for individuals to participate in the new model of DeFi. With its listing on Bitget and availability through Bitget Launchpool, traders have a convenient avenue to engage with ENA and potentially benefit from its utility. ENA on Bitget Launchpool ENA will be a part of Bitget Launchpool, a platform for users to stake and earn new tokens for free. Join now to get the best out of it! From April 2, 8:00 – April 12, 8:00 (UTC), you can grab a share of 3,750,000 ENA through: ● Activity 1 - Launchpool BGB Pool: ○ Users can stake up to 100,000 BGB in Bitget Launchpool to earn from a 3,000,000 ENA pool. ● Activity 2 - Launchpool USDE Pool: ○ Users can stake up to 10,000 USDE in Bitget Launchpool to earn from a 750,000 ENA pool. For more specific information on how to get ENA tokens on Bitget Launchpool, check out the announcement here. Stake BGB and USDe to Get ENA now! How to Trade ENA on Bitget Listing time: April 2, 2024 Step 1: Go to ENAUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade ENA on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Introduction to Wealth Management Strategy Providers

Where do trades take place? 1. Strategy providers trade on the Bitget exchange and via Copper custodial accounts. 2. Users' funds are held in the custodian account controlled by Bitget throughout the entire process. Strategy providers, operating through corresponding sub-accounts, have permissions solely for trading, with no ability to make withdrawals or transfers. About the team Established in 2018, the team has positioned itself as one of the largest digital currency capital management teams in the industry. Its members are alumni of prestigious institutions such as CMU, Peking University, Tsinghua University, and Shanghai Jiaotong University. They bring extensive experience from exchanges, traditional private equity firms, and the Internet sector. Focusing on quantitative development and asset management within the digital currency m arket, they provide a comprehensive range of strategies, including arbitrage, CTA, and high-frequency trading. These strategies cater to a diverse clientele, including exchanges, lending institutions, OTC merchants, traditional financial institutions, family offices, primary funds, and more. Arbitrage strategy The team primarily employs the following three pure market-neutral strategies with no risk exposure: 1. Funding rate arbitrage: When the funding rate is positive, the strategy goes long on spot and short on futures. Conversely, when the funding rate is negative, it utilizes leverage to sell short on spot and go long on futures. These two positions are of equal size but in opposite directions. The arbitrage profit is derived from the funding fees paid by the long futures positions or short futures positions to each other. 2. Arbitrage between spot and futures: The strategy takes advantage of price differences between delivery futures, perpetual futures, and spot trading. The arbitrage is conducted by opening positions when the price difference expands and closing positions when the price difference narrows. It aims to capture profits as the price difference between futures and spot trading eventually converges. 3. Cross-exchange arbitrage: Due to the price discrepancies in futures/spot trading and variations in futures funding rates across multiple exchanges, it becomes possible to capitalize on cross-exchange arbitrage opportunities by shorting on one side and longing on the other. Portfolio profile Pure risk-neutral strategy with intraday drawdown of less than 0.5%. It yields higher returns during active market and lower returns during sluggish market conditions. Risk management mechanisms 1. Carefully selected trading assets: Only coins with high liquidity and a healthy position structure are selected to avoid impact costs and market manipulation. 2. Strict position control: The size of single-currency positions is kept under a specific threshold to avoid excessive volatility in individual currencies due to rapid market changes. 3. Full hedging: All positions are fully delta-neutral, unaffected by broad market or currency-specific price changes. 4. Low leverage: The leverage is controlled under 2X and real-time monitoring of the margin ratio and MMR is conducted to strictly control liquidation risks. Strategy PnL performance Strategy launch: 2018 Strategy type: Market-neutral arbitrage Historical APR and Sharpe ratio: The average APR stands at approximately 38%, while the Sharpe ratio ranges between 6 and 10. Maximum drawdown: 0.6% Strategy currency: USDT

Bitget Research: The Lifespan of Memecoins Continues to Shorten, BTC Struggles to Surge and Breaks Below Key Support Level of US$27,500

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 32,962 holders, on-chain liquidity of US$2.33 million, and a trading volume of US$9.89 million in the last 24 hours. The token is very volatile, making it essential to observe its performance. DIP (Token) — The IP is derived from “buy the dip”. It has 1194 followers on Twitter, with some influencers recommending it. Currently, the on-chain liquidity is US$165,000, and the trading volume in the last 24 hours is US$8.51 million. The token is very volatile, with a drop of 95% today. No major risks have been detected in the contract. It is essential to observe its performance. Tuzki (Token) — The IP is derived from the Tuzki meme. It has 640 followers on Twitter. The token was launched two days ago, with on-chain liquidity of US$165,000, and a trading volume of US$9.83 million in the last 24 hours. The token has 1486 holders. Contract inspection reveals transaction cooldown and anti-whale measures. It is essential to observe its performance. SIM (Token) — This memecoin is created by the founder of hotcafe, who has more than 970,000 followers on Instagram. The on-chain liquidity of the token is US$136,000, with a 24-hour trading volume of US$8 million. The token was launched through pre-sale, yielding more than 10x profit for early participants. However, the token is highly volatile, with a drop of 39% today, and there’s a risk that it breaks its previous support level. BIAO (Token) — This is a meme in the Chinese-speaking region, with its name deriving from a Chinese character. The token has on-chain liquidity of US$12,400, a 24-hour trading volume of US$20.8 million, and 3750 holders. The price saw a drastic drop of 61% yesterday. Contract checks reveal the risk of external calls. It is essential to observe its performance. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$8.98 million, and the trading volume in the last 24 hours is US$17.34 million, with 9529 holders. The token has been listed on Bitget. WOMBAT (Token) — According to feedback from community users, it is a meme created by an NFT whale, with RFD’s developer helping the whale add liquidity on Uniswap V3. Numerous users have reported noticing several large buy orders after it was introduced. Currently, the token’s on-chain liquidity is US$692,000, with a 24-hour trading volume of US$12 million. The token has experienced a 69% drop in the last 24 hours. The contract has shown no issues. It is essential to observe its performance. OMAX (Token) — Positioned as a POS chain, the project released its 2023 roadmap on May 29th. Stimulated by the news, the token started to rebound, but the on-chain trading volume in the last 24 hours was only US$8740, with liquidity of US$482,000. It is essential to observe its performance. MOJAK (Token) — This token seems to be WOJAK’s replica. It has on-chain liquidity of US$147,000, a trading volume of US$5.12 million in the last 24 hours, and 859 holders. The contract has shown no issues. It is essential to stay updated on this token. RIA (Token) — Positioned as a card battle game, it updated a new game mode on May 25th with PVP set to launch. Additionally, the beginner game characters have also been successfully designed. Stimulated by this news, the token has increased by 28% in the last 24 hours, but the trading volume is only US$32,000. It is essential to observe the project’s performance. PEPER (Token) — A replica of PEPE on Arbitrum. The current on-chain liquidity is US$494,000, and the trading volume in the last 24 hours is US$1.09 million. Contract checks reveal issues such as potential mint and blacklist functions. It is essential to observe its performance. BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance. NALS (Token) — Merged with Ordi to form Ordinals, currently the second in terms of trading volume on the entire network. It has a good consensus associated with ORDI. In the past 24 hours, the trading volume is nearly US$930,000, with 154 transfers. The token has been listed on Bitget. WHEE (Token) — A BRC-20 memecoin. Influencer @markjeffrey, who has 53,500 followers on Twitter, has recommended the token several times. Many users in Shenzhen have repeatedly promoted it in WeChat groups. The token is highly popular, and there are many active users in the community. The 24-hour trading volume is US$180,000, with 1405 transfers. It is essential to stay updated on this token. 2.Popular NFTs: Relation Medal-related NFT (NFT) — The project positions itself as the semantic layer of Ethereum, constructing a multi-chain social network through the relationships between addresses. Currently, the number of social nodes has reached 4.27 million, with 438,000 semantic SBT generated. App developers can use Relation to precisely target users, expanding their user base while helping Relation establish more relationship networks. The project’s product is very meaningful and has a fast development iteration. The team is currently based in Hong Kong. Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 42,000 holders. Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 influencers following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume. 3.Popular DApps: Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 702,000 unique wallet addresses on the zkSync Era mainnet, with 290,000 ETH bridged to zkSync and a total of 846,000 transfers. PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs. Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market. 4.Twitter Hot Topics: Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project. 5.Regional Trending Searches: LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly. Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly. Main Body Written by: Bitget Research Data collection time: May 31, 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) 1.BTC Profile — BRC-20 NALS (Token) — Merged with Ordi to form Ordinals, currently the second in terms of trading volume on the entire network. It has a good consensus associated with ORDI. In the past 24 hours, the trading volume is nearly US$930,000, with 154 transfers. The token has been listed on Bitget. WHEE (Token) — A BRC-20 memecoin. Influencer @markjeffrey, who has 53,500 followers on Twitter, has recommended the token several times. Many users in Shenzhen have repeatedly promoted it in WeChat groups. The token is highly popular, and there are many active users in the community. The 24-hour trading volume is US$180,000, with 1405 transfers. It is essential to stay updated on this token. 2.Blockchain Profile — ETH Chain 2.1 User Profile 2.1.1 Core Data Total active users of ETH: 451,524 New active users of ETH: 73,877, with a daily increase of 0.38% Existing active users of ETH: 377,647, with a daily increase of 14.86% 2.1.2 New User Profile Core data: There were a total of 73,877 new active users on ETH yesterday, with a daily increase of 0.38% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 702,000 unique wallet addresses on the zkSync Era mainnet, with 290,000 ETH bridged to zkSync and a total of 846,000 transfers. 2.1.3 Existing User Profile Core data: The number of ETH active existing users is 377,647, with a daily increase of 14.86% Popular Sectors Popular Projects Key Projects: LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 32,962 holders, on-chain liquidity of US$2.33 million, and a trading volume of US$9.89 million in the last 24 hours. The token is very volatile, making it essential to observe its performance. 2.2 Popular Trading Pairs 2.2.1 Uniswap V2 DIP (Token) — The IP is derived from “buy the dip”. It has 1194 followers on Twitter, with some influencers recommending it. Currently, the on-chain liquidity is US$165,000, and the trading volume in the last 24 hours is US$8.51 million. The token is very volatile, with a drop of 95% today. No major risks have been detected in the contract. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x391f7bbaad479f5fdd2faaebe6faf0b6501ba305 Tuzki (Token) — The IP is derived from the Tuzki meme. It has 640 followers on Twitter. The token was launched two days ago, with on-chain liquidity of US$165,000, and a trading volume of US$9.83 million in the last 24 hours. The token has 1486 holders. Contract inspection reveals transaction cooldown and anti-whale measures. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x6155c81db52a4c6628c559be0af10f6d87bb7d2e SIM (Token) — This memecoin is created by the founder of hotcafe, who has more than 970,000 followers on Instagram. The on-chain liquidity of the token is US$136,000, with a 24-hour trading volume of US$8 million. The token was launched through pre-sale, yielding more than 10x profit for early participants. However, the token is highly volatile, with a drop of 39% today, and there’s a risk that it breaks its previous support level. https://www.dextools.io/app/en/ether/pair-explorer/0xfca56538aae326af3ba0b0f28e9ad6c1afbfb7ec BIAO (Token) — This is a meme in the Chinese-speaking region, with its name deriving from a Chinese character. The token has on-chain liquidity of US$12,400, a 24-hour trading volume of US$20.8 million, and 3750 holders. The price saw a drastic drop of 61% yesterday. Contract checks reveal the risk of external calls. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x8296d84e911e0c1f827e1e7d4b50c2568e807b36 2.2.2 Uniswap V3 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$8.98 million, and the trading volume in the last 24 hours is US$17.34 million, with 9529 holders. The token has been listed on Bitget. WOMBAT (Token) — According to feedback from community users, it is a meme created by an NFT whale, with RFD’s developer helping the whale add liquidity on Uniswap V3. Numerous users have reported noticing several large buy orders after it was introduced. Currently, the token’s on-chain liquidity is US$692,000, with a 24-hour trading volume of US$12 million. The token has experienced a 69% drop in the last 24 hours. The contract has shown no issues. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0xf522c0f04dbb5b07610d7b2f67f018dab4a28df5 3.Blockchain Profile — BSC Chain 3.1 User Profile 3.1.1 Core Data Total active users on BSC: 1,517,348 New active users on BSC: 229,409, with a daily increase of 17.34% Existing active users on BSC: 1,287,939, with a daily increase of 11.11% 3.1.2 New User Profile Core data: There were a total of 229,409 new active users on BSC yesterday, with a daily increase of 17.34% Popular Sectors Popular Projects Key Projects: Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. 3.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,287,939, with a daily increase of 11.11% Popular Sectors Popular Projects Key Projects: PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 3.2 Popular Trading Pairs 3.2.1 PancakeSwap V2 OMAX (Token) — Positioned as a POS chain, the project released its 2023 roadmap on May 29th. Stimulated by the news, the token started to rebound, but the on-chain trading volume in the last 24 hours was only US$8740, with liquidity of US$482,000. It is essential to observe its performance. MOJAK (Token) — This token seems to be WOJAK’s replica. It has on-chain liquidity of US$147,000, a trading volume of US$5.12 million in the last 24 hours, and 859 holders. The contract has shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x62b6a2ad9852681abb6cd3fdc43c9b35bf25ea20 4.Blockchain Profile — Polygon Chain 4.1 User Profile 4.1.1 Core Data Total active users on Polygon: 487,901 New active users on Polygon: 131,222, with a daily increase of 14.60% Existing active users on Polygon: 356,679, with a daily increase of 0.54% 4.1.2 New User Profile Core data: There were a total of 131,222 new active users on Polygon yesterday, with a daily increase of 14.60% Popular Sectors Popular Projects Key Projects: Relation Medal-related NFT (NFT) — The project positions itself as the semantic layer of Ethereum, constructing a multi-chain social network through the relationships between addresses. Currently, the number of social nodes has reached 4.27 million, with 438,000 semantic SBT generated. App developers can use Relation to precisely target users, expanding their user base while helping Relation establish more relationship networks. The project’s product is very meaningful and has a fast development iteration. The team is currently based in Hong Kong. 4.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 356,679, with a daily increase of 0.54% Popular Sectors Popular Projects Key Projects: Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 42,000 holders. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 RIA (Token) — Positioned as a card battle game, it updated a new game mode on May 25th with PVP set to launch. Additionally, the beginner game characters have also been successfully designed. Stimulated by this news, the token has increased by 28% in the last 24 hours, but the trading volume is only US$32,000. It is essential to observe the project’s performance. https://www.dextools.io/app/en/polygon/pair-explorer/0x78a750ca5f8dd1ef1c87e29e8a267ff4c8d12b38 5.Blockchain Profile — Arbitrum Chain 5.1 User Profile 5.1.1 Core Data Arbitrum Active Users: 334,553 Arbitrum New Active Users: 108,259, with a daily increase of 124.93% Arbitrum Existing Active Users: 226,294, with a daily increase of 42.86% 5.1.2 New User Profile Core data: There were a total of 108,259 new active users on Arbitrum yesterday, with a daily increase of 124.93% Popular Sectors Popular Projects Key Projects: Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community. 5.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 226,294, with a daily increase of 42.86% Popular Sectors Popular Projects Key Projects: Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. It has recently started collaborating closely with Canto. Projects in the Canto ecosystem can complete asset transfers to the EVM ecosystem, which is a significant benefit to the Canto ecosystem. 5.2 Popular Trading Pairs 5.2.1 Uniswap V3 GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH. PEPER (Token) — A replica of PEPE on Arbitrum. The current on-chain liquidity is US$494,000, and the trading volume in the last 24 hours is US$1.09 million. Contract checks reveal issues such as potential mint and blacklist functions. It is essential to observe its performance. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x5bc9415d3a5acb558dd56942ab8b74d1e1a0fb3b 6.DApp Ecosystem — All Chains Tinytap (DApp) — The platform’s EDU token unlock on the 28th of each month, including for marketing, liquidity, early contributors, and the ecosystem fund, unlocking 21.19 million EDU per month. According to on-chain data, yesterday 4,166,667 EDU (worth about US$5.12 million) were transferred to Binance. The community reacted negatively to this, after which the official response was that the 4.16 million EDU transferred to Binance will be used to provide liquidity. Nevertheless, the token price has fallen 17% within the past 24 hours. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. It recently announced a partnership with Near Protocol and will operate on Near. It will initially use FastAuth, a Web3 entry-level product developed by Near. The UAW has significantly increased today. It is essential to stay updated on the developments regarding the Near ecosystem. 7.DApp Ecosystem — ETH Chain Uniswap (DApp) — The market sentiment remains unfavorable. Apart from Uniswap, which continues to grow, other Ethereum-based DApps have experienced varying degrees of decline in UAW. 8.DApp Ecosystem — BSC Chain Galxe (DApp) — A Web3 task platform, Galxe released today new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%. QuestN (DApp) — Today, QuestN will host multiple Twitter Space events with Zksync ecosystem projects, including Goal3, KaratDAO, Star, Blade, and Izumi, among others. It will also jointly conduct the Pandora’s World promotion to provide opportunities to win future airdrops. 9.DApp Ecosystem — Polygon Chain Philand (DApp) — A social task platform based on ENS and on-chain/off-chain wallet activity, providing a visualization of on-chain identity. Today, it carries out Polygon Quests promotion, including cross-chain bridge, transactions, spending gas, and contract deployment. 10.DApp Ecosystem — WAX Chain Farmers World (DApp) — A farming mining game built on WAX. The project updated its functionality today for depositing FarmerCoins, allowing the transfer of staked tokens to other farmers, and reducing consumption. The UAW has shown a prominent increase in the gaming sector. 11.DApp Ecosystem — Solana Chain Genopets (DApp) — A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project’s investors include well-known organizations like Pantera, Konvoy, and Solana. Its latest version 0.25 has made some functional updates to enhance user experience. 12.DApp Ecosystem — Arbitrum Chain Bungee (DApp) — A cross-chain aggregator with high airdrop expectations and overall project operation popularity. It offers a cross-chain aggregation product called Socket, which launched its incentivized testnet in May. Its gas refund feature provides a very user-friendly experience and has received positive feedback in the community. 13.DApp Ecosystem — GameFi Sector Across All Chains Farmers World (DApp) — A farming mining game built on WAX. The project updated its functionality today for depositing FarmerCoins, allowing the transfer of staked tokens to other farmers, and reducing consumption. Defi Kingdoms (DApp) — A cross-chain MMORPG that allows players to earn money through gaming, featuring a DEX, liquidity pool opportunities, and a rare, utility-driven NFT marketplace. The project token has experienced a significant drop from its all-time high, with a current daily trading volume of $60,000. The recent rise in UAW is primarily influenced by giveaways of related in-game items on Twitter. 14.Gas Fee Consumption — ETH Chain LOVE (Token) — The whitelist-free airdrop, innovative mechanism, and significant price drop have attracted attention. The Love claim contract and the gas consumption of the LOVE token are both listed. Detailed information about $LOVE has been explained earlier in the report. 15.Gas Fee Consumption — BSC Chain Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. 16.Gas Fee Consumption — Polygon Chain Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. Holograph comprises three initial products: Bridge, Core, and Mint. The bridge allows NFTs to transfer between EVM blockchains. The collaboration with renowned artist Eric Elms (artist for NIKE and Stussy) on the creation of KilroyPunk has sparked attention. https://app.holograph.xyz/ 17.Gas Fee Consumption — Arbitrum Chain ARB (Token) — With the upcoming upgrade in Cancun, the implementation of EIP-4844 is set to significantly reduce Layer2 gas fees, providing substantial benefits for Layer2 projects. The ARB Token is expected to generate sustained attention in light of this development. 18.Twitter Trends Token Top 20 ARB, OP (Token) — (1) The upcoming Cancun upgrade, featuring EIP-4844, is set to effectively reduce the Layer 2 gas fee, providing substantial benefits for Layer 2 projects. Both ARB and OP will continue to garner attention; (2) OP tokens worth US$580 million will be unlocked on May 31, representing 9% of the total supply. 19.Google Trends — Global LINA (Token) — As of June 1, the Hong Kong Securities and Futures Commission will implement regulations for virtual assets. As June 1 approaches, some Hong Kong-related assets continue their optimistic upward trend (LINA, KEY, etc.). On May 30, the official website of the Hong Kong Monetary Authority announced that at a bilateral meeting held in Abu Dhabi, the Hong Kong Monetary Authority and the Central Bank of the UAE agreed to strengthen cooperation in areas such as virtual asset regulation and development. 20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: SOL, HIGH, PI Pakistan Trending Keywords: trust crypto and bitcoin wallet, fancy crypto, scamadviser b) Southeast Asia Region Indonesia Trending Tokens: XEN Malaysia Trending Keywords: LINA Thailand Trending Keywords: RAN Philippines Trending Tokens: GALA, DOGE, SHIB, CRO, PEPE, LINA c) East Asia and Hong Kong, Macau, and Taiwan South Korea Trending Tokens: JUMP Japan Trending Keywords: dextools 21.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: dollar exchange rate Privatbank, airdrop crypto b) English-speaking Countries Canada Trending Tokens: SAND, PEPE, PI, HNT UK Trending Tokens: JASMY, JOE USA Trending Tokens: OSMO, PIKA Australia Trending Tokens: AGIX, AIDOGE, SHIB c) Europe Spain Trending Tokens: XRP, LINA, DOGE, ADA, WOJAK France Trending Tokens: FLOKI, KDA, OSMO, FET Germany Trending Tokens: OSMO, XRP, PARADOX, DOGE Italy Trending Tokens: BONK, NEO, SLP Poland Trending Tokens: XRP Switzerland Trending Keywords: GRT, XRP, AIDOGE Turkey Trending Tokens and Keywords: CGPT, EDU, AI-related tokens 22.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Tokens: XEN, PEPE South Africa Trending Tokens: AVAX, TRON b) Middle East Trending Keywords: israel crypto conference c) Latin America Brazil Trending Tokens: SAND, CGPT Argentina Trending Tokens: LINA Mexico Trending Tokens: BTC, SOL

Bitget Research: Frequent Failures of New Memecoins in a Mixed Bag, Bitget Research Daily Report Launches BRC-20 Monitoring Module Bitget Research

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 19,954 holders, with the token price plummeting by 99%. ORDI (BRC-20 token) — As the first token of BRC-20, ORDI is the primary project supported by innovations or institutional layouts in the current BRC-20 sector, and all its data indicators are basically in the first place. The trading volume in the past 24 hours is close to US$200 million, with 4059 transfers in 24 hours. Since ORDI has been listed on OKX, Bitget, and other exchanges, the actual 24-hour on-chain trading volume is US$117,000, ranking third. OXBT (BRC-20 token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 20,735. The project has been operated by the project team in a centralized manner since its launch, and it announced yesterday that it will reveal detailed tokenomics this week. The current market cap of the token is US$41.36 million, with a 24-hour on-chain trading volume of US$1.23 million. BANK (BRC-20 token) — In the past 24 hours, BANK had the second-highest number of transfers, reaching 1836 times. $BANK is among the early batch of BRC-20 tokens and has been listed on some CEXs. The current market cap of the token is US$720,000, with no significant marketing promotion progress. VMPX (BRC-20 token) — $VMPX is a BRC-20 token created by Jack Levin, the founder of XEN. It set a record with a minting cost of US$2.4 million for a BRC-20 token. The token ranks among the top in terms of the number of holders, with 851 transfers in the past 24 hours and a trading volume of US$410,000. Jack Levin recently hinted at empowering VMPX, though a specific plan has not yet been announced. It is essential to observe its performance. FINALE (Token) — FINALE is a memecoin promoted by Ben.eth in the community, with significant popularity. It’s the third token promoted by Ben.eth after BEN and Psyop. The market still shows some speculative interest, although it has significantly dropped. The contract has drawbacks, such as the ability to suspend trading and blacklist function. Proceed with caution. BIAO (Token) — A memecoin whose founder’s wallet is zanzai.eth. After transferring all the tokens to another EOA address, it immediately started pre-sale, retaining 5%. This EOA address then transferred a large amount of tokens to another EOA address three times, presumably to continue selling from this address. The token has fallen by 60% in the past 24 hours. KERMIT (Token) — A frog-themed memecoin. No significant contract risks have been detected, but the contract consists of 500 lines, many of which are unrelated to the product. The token has gained significant popularity on Twitter The token plummeted after a surge. The rumored news of a ‘godfish’ wallet purchasing this token has been identified as false. Be aware of this misinformation. AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be professionally designed, and the platform already has usable products. The token has seen a considerable rise previously, and it has been trading flat in recent days. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$10 million, and the trading volume in the last 24 hours is US$18 million, with 2135 unique participants. The token has been listed on Bitget. BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance. 2.Popular NFTs: Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 KOLs following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume. Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 63,000 holders. Blokpax (NFT, DApp) — An NFT selling platform, which recently gained significant popularity with its main focus on athlete card type NFTs. It recently conducted an auction activity, Razz Auction, for athlete card-type NFTs. 3.Popular DApps: Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs. Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market. zkSync (DApp) — With the decline of the memecoin craze and the dual drive of project building and airdrop expectations, zkSync’s topped the charts in terms of daily active users on the ETH mainnet. On May 24th, Matter Labs hired the former Vice President of Community at Activision Blizzard to promote zkSync’s gaming development. On May 26th, the TVL on zkSync Era exceeded US$300 million, setting a new record, and continued to rise. As of May 28th, the TVL had surpassed US$320 million. PancakeSwap (DApp) — PancakeSwap has launched its GameFi platform, Pancake Protectors, which is technically designed and powered by the PvP GameFi protocol Mobox. Players who hold CAKE tokens can claim CAKE Heroes, which are units that can enhance player functions. 4.Twitter Hot Topics: Temporarily no data is provided due to abnormalities with the data source. 5.Regional Trending Searches: LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly. Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly. Main Body Written by: Bitget Research Data collection time: May 30, 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) 1.BTC Profile — BRC20 ORDI (BRC-20 token) — As the first token of BRC-20, ORDI is the primary project supported by innovations or institutional layouts in the current BRC-20 sector, and all its data indicators are basically in the first place. The trading volume in the past 24 hours is close to US$200 million, with 4059 transfers in 24 hours. Since ORDI has been listed on OKX, Bitget, and other exchanges, the actual 24-hour on-chain trading volume is US$117,000, ranking third. OXBT (BRC-20 token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 20,735. The project has been operated by the project team in a centralized manner since its launch, and it announced yesterday that it will reveal detailed tokenomics this week. The current market cap of the token is US$41.36 million, with a 24-hour on-chain trading volume of US$1.23 million. BANK (BRC-20 token) — In the past 24 hours, BANK had the second-highest number of transfers, reaching 1836 times. $BANK is among the early batch of BRC-20 tokens and has been listed on some CEXs. The current market cap of the token is US$720,000, with no significant marketing promotion progress. VMPX (BRC-20 token) — $VMPX is a BRC-20 token created by Jack Levin, the founder of XEN. It set a record with a minting cost of US$2.4 million for a BRC-20 token. The token ranks among the top in terms of the number of holders, with 851 transfers in the past 24 hours and a trading volume of US$410,000. Jack Levin recently hinted at empowering VMPX, though a specific plan has not yet been announced. It is essential to observe its performance. 2.Blockchain Profile — ETH Chain 2.1 User Profile 2.1.1 Core Data Total active users of ETH: 402,398 New active users of ETH: 73,599, with a daily increase of 8.49% Existing active users of ETH: 328,799, with a daily increase of 12.61% 2.1.2 New User Profile Core data: There were a total of 73,599 new active users on ETH yesterday, with a daily increase of 8.49% Popular Sectors Popular Projects zkSync (DApp) — With the decline of the memecoin craze and the dual drive of project building and airdrop expectations, zkSync’s topped the charts in terms of daily active users on the ETH mainnet. On May 24th, Matter Labs hired the former Vice President of Community at Activision Blizzard to promote zkSync’s gaming development. On May 26th, the TVL on zkSync Era exceeded US$300 million, setting a new record, and continued to rise. As of May 28th, the TVL had surpassed US$320 million. 2.1.3 Existing User Profile Core data: The number of ETH active existing users is 328,799, with a daily increase of 12.61% Popular Sectors Popular Projects LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 19,954 holders, with the token price plummeting by 99%. https://www.dextools.io/app/en/ether/pair-explorer/0xdd97fce8441dabf221b330269750b18ba82b0cd6 2.2 Popular Trading Pairs 2.2.1 Uniswap V2 FINALE (Token) — FINALE is a memecoin promoted by Ben.eth in the community, with significant popularity. It’s the third token promoted by Ben.eth after BEN and Psyop. The market still shows some speculative interest, although it has significantly dropped. The contract has drawbacks, such as the ability to suspend trading and blacklist function. Proceed with caution. https://www.dextools.io/app/en/ether/pair-explorer/0x4a6670b0afb21b2770541c4c9bd678323f7d84c4 BIAO (Token) — A memecoin whose founder’s wallet is zanzai.eth. After transferring all the tokens to another EOA address, it immediately started pre-sale, retaining 5%. This EOA address then transferred a large amount of tokens to another EOA address three times, presumably to continue selling from this address. The token has fallen by 60% in the past 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x8296d84e911e0c1f827e1e7d4b50c2568e807b36 KERMIT (Token) — A frog-themed memecoin. No significant contract risks have been detected, but the contract consists of 500 lines, many of which are unrelated to the product. The token has gained significant popularity on Twitter The token plummeted after a surge. The rumored news of a ‘godfish’ wallet purchasing this token has been identified as false. Be aware of this misinformation. https://www.dextools.io/app/en/ether/pair-explorer/0x43a372e4dad9d28e476c5a591810981895511f8a 2.2.2 Uniswap V3 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$10 million, and the trading volume in the last 24 hours is US$18 million, with 2135 unique participants. The token has been listed on Bitget. 3.Blockchain Profile — BSC Chain 3.1 User Profile 3.1.1 Core Data Total active users on BSC: 1,354,637 New active users on BSC: 195,514, with a daily increase of 11.14% Existing active users on BSC: 1,159,123, with a daily increase of 10.04% 3.1.2 New User Profile Core data: There were a total of 195,514 new active users on BSC yesterday, with a daily increase of 11.14% Popular Sectors Popular Projects NfD (Token) — New Free Dao has a 9% buy tax and a 10% sell tax. The contract has a drawback that prevents it from being completely sold out. There are 208,037 holders. Proceed with caution. 3.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,159,123, with a daily increase of 10.04% Popular Sectors Popular Projects PancakeSwap (DApp) — PancakeSwap has launched its GameFi platform, Pancake Protectors, which is technically designed and powered by the PvP GameFi protocol Mobox. Players who hold CAKE tokens can claim CAKE Heroes, which are units that can enhance player functions. 3.2 Popular Trading Pairs 3.2.1 PancakeSwap V2 AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be professionally designed, and the platform already has usable products. The token has seen a considerable rise previously, and it has been trading flat in recent days. https://www.dextools.io/app/en/bnb/pair-explorer/0x9019e812a436003ad2c515492cffb784937ab2aa 4.Blockchain Profile — Polygon Chain 4.1 User Profile 4.1.1 Core Data Total active users on Polygon: 469,268 New active users on Polygon: 114,509, with a daily increase of 2.29% Existing active users on Polygon: 354,759, with a daily increase of 17.93% 4.1.2 New User Profile Core data: There were a total of 114,509 new active users on Polygon yesterday, with a daily increase of 2.29% Popular Sectors Popular Projects Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 63,000 holders. https://polygonscan.com/token/0x9145e5333cc185fc27fb227fad869e217ed49828#balances 4.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 354,759, with a daily increase of 17.93% Popular Sectors Popular Projects Blokpax (NFT, DApp) — An NFT selling platform (https://blokpax.com/), which recently gained significant popularity with its main focus on athlete card type NFTs. It recently conducted an auction activity, Razz Auction, for athlete card-type NFTs. https://opensea.io/collection/blokpax-vault-polygon 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 The top trading pairs on Polygon continue to be dominated by MATIC, stablecoins, and mainstream tokens. 5.Blockchain Profile — Arbitrum Chain 5.1 User Profile 5.1.1 Core Data Arbitrum Active Users: 206,539 Arbitrum New Active Users: 48,131, with a daily increase of 9.34% Arbitrum Existing Active Users: 158,408, with a daily increase of 7.22% 5.1.2 New User Profile Core data: There were a total of 48,131 new active users on Arbitrum yesterday, with a daily increase of 9.34% Popular Sectors Popular Projects Stargate (DApp) — The project has recently completed a total of $10 billion in on-chain transfers and transactions. Stargate’s Farming pool provides single-token staking functionality for various stablecoins and mainstream tokens, providing a steady income. Its interaction data is in a leading position on Arbitrum. 5.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 158,408, with a daily increase of 7.22% Popular Sectors Popular Projects Contracts such as Layerzero, Stargate, and others were explained earlier in the report. 5.2 Popular Trading Pairs 5.2.1 Uniswap V3 GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH. 6.DApp Ecosystem — All Chains AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem. 7.DApp Ecosystem — ETH Chain Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 KOLs following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume. https://opensea.io/collection/nakamigos/analytics 8.DApp Ecosystem — BSC Chain Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs. 9.DApp Ecosystem — Polygon Chain WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. 10.DApp Ecosystem — WAX Chain WAX chain’s UAW fluctuations are within the normal range. AtomicAssets is an NFT asset standard built on WAX/EOS. 11.DApp Ecosystem — Solana Chain Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market. 12.DApp Ecosystem — Arbitrum Chain Native DeFi projects on Arbitrum show signs of daily activity recovery: Camelot, Radiant, GMX, and others have seen a noticeable increase in UAW. 13.DApp Ecosystem — GameFi Sector Across All Chains Hippo Dash by Gameta was explained earlier in the report. 14.Gas Fee Consumption — ETH Chain Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur. 15.Gas Fee Consumption — BSC Chain BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance. https://www.dextools.io/app/cn/bnb/pair-explorer/0x054e66cd9b1009b0b6352cc7cb57a73432ab9805 16.Gas Fee Consumption — Polygon Chain BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain. 17.Gas Fee Consumption — Arbitrum Chain Gelato Network (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project. 18.Twitter Trends Token Top 20 Temporarily no data is provided due to abnormalities with the data source. 19.Google Trends — Global LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly. Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly. 20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: lina, ada Pakistan Trending Tokens: eth b) Southeast Asia Region Indonesia Trending Tokens: lina, xen, toko Malaysia Trending Keywords: airdrop crypto Thailand Trending Keywords: crypto bubble, crypto dog Philippines Trending Tokens: maya, lina, eth c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: coinbase, crypto casino, crypto news, ivs crypto 21.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: crypto crew, coinbase, binance, crypto pro b) English-speaking Countries Canada Trending Tokens: ankr UK Trending Tokens: crv, kas, inj, xrp USA Trending Tokens: colt, pika, xdc, sperax, eth, dogetti Australia Trending Tokens: vra, icp, lina, luna, edu c) Europe Spain Trending Tokens: lina, cocos, hex, joe, floki, ada, pepe France Trending Tokens: xrp, ckb, ltc, egld Germany Trending Tokens: btc, pepe Italy Trending Tokens: bat, axs, amp, lady Poland Trending Tokens: cocos, lina, btc, pooh Switzerland Trending Keywords: shiba inu, lina crypto Turkey Trending Keywords: free bitcoin, paribu, crypto royal 22.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: tuzona crypto, crypto faucet, coinbase, easy equities b) Middle East Trending Keywords: kingfisher, crypto marketcap, israel crypto conference Trending Tokens: shib, pepe, cocos c) Latin America Brazil Trending Tokens: pepe, lina, sol Argentina Trending Keywords: lina crypto, cocos crypto Mexico Trending Tokens: sol, btc