Nexus (NXS) news

Plume (PLUME): The Blockchain for Real World Asset Finance (RWAfi)

What is Plume (PLUME)? Plume (PLUME) is a modular, secure, and scalable blockchain infrastructure that focuses on tokenizing and managing real-world assets (RWAs). Tokenization involves turning tangible or intangible assets—such as real estate, commodities, or even intellectual property—into digital tokens that can be traded, collateralized, or used in various blockchain applications. Plume is an ecosystem that provides everything needed for RWA finance (RWAfi), from compliance and data integration to trading and liquidity solutions. By addressing the challenges of security, transparency, and usability, Plume aims to unlock the full potential of RWAs on blockchain. Who Created Plume (PLUME)? Plume's team is built from leaders at top firms like Coinbase, Robinhood, Binance, Galaxy Digital, and LayerZero, bringing unmatched expertise to revolutionize real-world asset tokenization. Chris Yin, CEO, has led product and strategy at Scale Venture Partners and Rainforest QA, while founding Xpenser, acquired by Coupa. Teddy Pornprinya, Chief Business Officer, brings experience from Binance, Coinbase Ventures, and Daiwa Securities. Eugene Shen, CTO, has developed solutions at dYdX and Robinhood Crypto. Marketing is led by Tiffany Lung, formerly of Binance and Plug and Play, while Jason Meng and Ivy Kang drive business development, with experience at LayerZero, Galaxy Digital, and JP Morgan. Victor Hernández leads community efforts, drawing on roles at Binance and Bitso, while Alex Palmer innovates in product, leveraging his entrepreneurial background. What VCs Back Plume (PLUME)? Backing Plume’s development is a robust network of some of the world’s most renowned venture capital firms. These include Brevan Howard, Haun Ventures, Galaxy Digital, Lightspeed Action, Superscrypt, HashKey Capital, Laser Digital (Nomura Group), Selini Capital, 280 Capital, a_capital, SVA, and Portal Ventures. How Plume (PLUME) Works Key Components Plume is a modular, secure, and scalable infrastructure built to simplify the tokenization of real-world assets. It combines three key components: Arc, Smart Wallets, and Nexus. Together, these elements form a robust framework that ensures compliance, facilitates seamless trading, and integrates real-world data on the blockchain. 1. Arc: The Tokenization Engine Arc is Plume’s engine for tokenizing assets, making it simple to create, onboard, and manage tokenized RWAs. Whether the asset is physical (like real estate or commodities) or digital (such as invoices or intellectual property), Arc ensures the process is efficient, secure, and compliant. Arc integrates with compliance and data systems to maintain regulatory alignment and accuracy. By automating many of the traditionally manual steps involved in tokenization, it enables issuers to tokenize assets quickly and affordably. Arc is particularly valuable because it streamlines a process that has often been expensive and complex. With Arc, issuers can focus on the value of their assets rather than the technicalities of bringing them onchain. 2. Smart Wallets: Redefining Asset Management Plume’s Smart Wallets are designed to give users more control over their tokenized assets. Unlike traditional wallets, which are often limited to basic transactions, Smart Wallets offer advanced features such as staking, collateralization, and integration with decentralized finance (DeFi) protocols. These wallets embed custody and compliance features directly into their architecture. This means users can manage their assets securely while navigating regulatory requirements effortlessly. The wallet interface is user-friendly, making it accessible to people with varying levels of blockchain experience. Most real-world asset holdings today are stagnant—they can’t easily interact with DeFi ecosystems. Plume’s Smart Wallets solve this issue by unlocking new possibilities, like earning yields, participating in lending markets, and managing liquidity. 3. Nexus: The Data Highway Nexus is the bridge between the blockchain and the real world. It brings offchain data onchain, enabling new use cases for tokenized assets in areas like prediction markets, lending protocols, and asset valuations. Nexus integrates data from reliable external sources, feeding real-time insights directly into the blockchain. This ensures that users have access to accurate, actionable information when making financial decisions. Data is the backbone of any financial system. With Nexus, Plume ensures that users have the information they need to interact with tokenized assets effectively, whether for trading, lending, or other DeFi applications. Core Features That Set Plume Apart In addition to its architecture, Plume offers a range of features that enhance its value proposition: 1. Built-in AML Compliance Plume integrates anti-money laundering (AML) checks directly into its platform, ensuring that all transactions meet regulatory standards. This simplifies user onboarding and builds trust in the system. 2. Liquidity and Trading Support Liquidity is critical for any financial system. Plume enhances liquidity for tokenized assets by partnering with trusted providers and enabling features like staking, yield farming, and DeFi integration. This reduces slippage and stabilizes asset prices, making the ecosystem more robust. 3. Data Integration and Analytics Through Nexus, Plume provides real-time data feeds that empower users to make informed decisions. Whether you're a lender, borrower, or trader, this data ensures you have the insights needed to succeed in the RWA market. Plume USD Plume’s ecosystem includes Plume USD, a stablecoin designed to support secure payments, trading, and collateralization within RWA finance. Fully backed and maintaining a 1:1 peg with the US dollar, Plume USD is deeply liquid and easy to mint. Users can deposit popular stablecoins like USDC and USDT to mint Plume USD, which can then be used across various DeFi applications on the platform. In the future, Plume USD holders will have access to exclusive yield-bearing opportunities, further enhancing its utility. Security and Transparency Plume prioritizes security, conducting regular third-party audits to ensure its platform remains safe and reliable. Completed audits include reviews of its blockchain infrastructure (based on Arbitrum’s ArbOS, Nitro, and Stylus technologies), cross-chain bridges, and Smart Wallets. Ongoing security measures include: ● Continuous Monitoring: Detecting and responding to unusual activity in real-time. ● Regular Code Reviews: Ensuring adherence to the highest security standards. ● Transparency: Plume publicly shares its audit reports, fostering trust among its users. PLUME Goes Live on Bitget Trading PLUME, the native token of Plume, on Bitget offers a strategic opportunity to participate in a cutting-edge decentralized ecosystem. As Plume continues to gain traction with its innovative features like the Plume Arc, Plume Smart Wallet, and Plume Nexus, the token's utility within this growing network is expected to expand. Spot Trading Link: PLUME/USDT 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.

Avail (AVAIL): The Future of Blockchain Scalability, Interoperability, and Security

What is Avail (AVAIL)? Avail (AVAIL) is a Web3 infrastructure layer that enables modular execution layers to scale and interoperate in a trust-minimized way. It consists of three primary components: Avail DA (Data Availability), Avail Nexus, and Avail Fusion. Together, these components form the Avail Unification Layer and aim to address the key issues of blockchain scalability, interoperability, and security. Who Created Avail (AVAIL)? Avail was co-founded by Anurag Arjun and Prabal Banerjee, two innovators dedicated to pushing the boundaries of blockchain technology. Anurag Arjun previously co-founded Polygon Labs in 2017, which laid the foundation for his work on Avail. The initiative began under Polygon Avail in 2020 and later became an independent entity in 2023. What VCs Back Avail (AVAIL)? Avail has garnered significant support from the venture capital community. It is backed by prominent investors such as Figment, Dragonfly, Nomad, SevenX, and Founders Fund. This backing highlights the confidence that the investment community has in Avail's potential to revolutionize the blockchain space. How Avail (AVAIL) Works Avail DA Avail DA is the core component of Avail. It prioritizes ordering and publishing transactions while enabling users to verify block data availability without downloading entire blocks. Its data-agnostic nature supports various execution environments, including EVM, WASM, and custom new runtimes. This versatility makes Avail DA a powerful foundation for diverse blockchain applications. The system design of Avail DA includes three main layers: ● Data Hosting and Ordering Layer: This layer ingests and orders transactional data, ensuring its availability without engaging in transaction execution. ● Execution Layer: This layer processes transactions, generates checkpoints, and submits proofs to the Verification/Dispute Resolution Layer. ● Verification/Dispute Resolution Layer: This layer verifies the checkpoints or proofs submitted by the Execution Layer, ensuring that only valid state transitions are accepted within the network. Consensus Mechanism Avail DA uses a Nominated Proof-of-Stake (NPoS) consensus model for scalability and energy efficiency. It employs Substrate's BABE/GRANDPA consensus, which combines fast block production with provable finality. Validators play a crucial role in this process, ensuring that only verified and agreed-upon data is propagated through the network. Transaction Lifecycle The transaction lifecycle in Avail DA involves several key steps: ● Transaction Submission: Rollups submit transactions to Avail DA, each carrying a unique application ID. ● Data Extension and Erasure Coding: Transactions are processed through erasure coding, adding redundancy and enhancing data reliability. ● Commitment Creation: Redundant data is applied with KZG polynomial commitments, serving as cryptographic proofs of data integrity. ● Block Propagation: Validators verify the commitments and reach consensus on the block, ensuring verified data is propagated through the network. ● Light Client Network: Light clients use Data Availability Sampling (DAS) to verify block data integrity, enabling decentralized and efficient data verification. Avail Nexus Avail Nexus connects multiple blockchains within and outside the Avail ecosystem, using Avail DA as the root of trust. It features a proof aggregation/verification layer and a sequencer selection mechanism, ensuring interoperability and cooperation among diverse blockchain networks. By providing a seamless user experience, Avail Nexus aims to unify the Web3 ecosystem, enabling users to engage with multiple rollups and external chains effortlessly. Avail Fusion Avail Fusion allows native assets from major ecosystems like Bitcoin and Ethereum to be staked alongside Avail's native assets. This innovative approach enhances Avail's economic security and marks a significant milestone in blockchain technology. The first public prototype for Avail Fusion is still under development, but it promises to bolster the security and stability of the Avail ecosystem significantly. AVAIL Goes Live on Bitget Considering the innovative strides made by Avail in the blockchain space, trading its native token AVAIL on Bitget presents a compelling opportunity for savvy investors. Avail's modular infrastructure addresses critical issues like scalability, interoperability, and security within Web3 ecosystems, backed by a robust framework and support from leading VCs. Bitget, known for its user-friendly interface and comprehensive trading tools, provides a secure platform to engage with AVAIL. As Avail progresses towards its mainnet launch for Avail DA and upcoming milestones like Avail Nexus and Avail Fusion, trading AVAIL on Bitget could offer early exposure to potential growth and adoption. AVAIL/USDT 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.

zkLink (ZKL): The Future of Multi-Chain Decentralized Applications

What is zkLink (ZKL)? zkLink (ZKL) is an advanced blockchain infrastructure designed to unify fragmented liquidity and simplify the development and use of dApps across multiple blockchains. By leveraging zero-knowledge proof (ZKP) technology, zkLink offers high throughput, low-cost transactions, and enhanced security, addressing the challenges of the multi-chain landscape. How zkLink (ZKL) Works Key Components zkLink operates through two primary components: zkLink Nova and zkLink X. Each serves distinct purposes but together, they create a robust environment for multi-chain interoperability. zkLink Nova: The Aggregated Layer 3 Rollup zkLink Nova is the industry’s first aggregated Layer 3 zkEVM Rollup network built on Ethereum and its Layer 2 rollups (L2s). Utilizing ZK Stack’s zkEVM, zkLink Nova is EVM-compatible, enabling developers to create and deploy Solidity smart contracts easily. This platform allows for the aggregation of scattered assets across Ethereum Layer 2s, facilitating interoperable transactions and enhanced liquidity. Key Features ● Native Asset Aggregation: zkLink Nova enables users to deposit assets from Ethereum Layer 1 and Layer 2s directly into its network. These assets are locked in canonical rollup bridge contracts on the source chains before entering zkLink Nova. This feature provides applications with access to native tokens from all connected Layer 2s, allowing users to trade multi-chain assets seamlessly. ● Supporting Universal dApps: Being EVM-compatible, zkLink Nova supports various dApps, including decentralized exchanges (DEXs), lending platforms, GameFi, and SocialFi. Developers can deploy these applications on Nova’s open platform, gaining immediate access to liquidity and native assets from integrated networks like Arbitrum, zkSync, and Linea. ● Stack Agnostic to Supported Networks: zkLink Nova can connect to rollups of different stacks, including ZK Rollups and Optimistic Rollups. While this sacrifices atomic interoperability of cross-rollup transactions, it offers broader liquidity aggregation from the Ethereum ecosystem. ● Low Fees and High Scalability: The modular stack of zkLink Nova provides exceptional scalability. The use of ZK Stack reduces execution costs significantly, offering a fast and cost-effective user experience. In Validium mode, an external Data Availability (DA) solution further reduces transaction data costs. ● Ethereum Equivalent Security: zkLink Nova inherits Ethereum’s security by settling transactions through the zkLink Nexus solution. Each transaction undergoes verification via ZKP and multi-chain state synchronization through canonical rollup bridges, ensuring data consistency and security. zkLink X: The App-Specific Aggregated Rollup Infrastructure zkLink X offers a modular infrastructure for creating customized App-Rollups with their own sovereignty. These rollups can access native tokens across connected L1s and L2s, enabling users to trade multi-chain assets on a unified interface without needing cross-chain asset bridges, thus avoiding associated risks and fees. Key Features ● Network Integration and Settlement Layer Solutions: Developers can choose which chains the App Rollup will access, including Ethereum, BNB Chain, Avalanche, Polygon, Solana, zkSync, Starknet, and more. zkLink X provides the Nexus and Origin settlement solutions to meet different network integration requirements. ● Execution Environment: zkLink X supports both TS-zkVM (Trading-Specific zkVM) for high-performance financial applications and zkEVM for universal dApps. This flexibility allows developers to build optimized environments tailored to their application needs. ● Decentralized Sequencer: To mitigate centralization risks, zkLink X aims to integrate decentralized sequencer solutions such as Espresso, Astria, and Fairblock. This approach enhances network security and transparency by processing transactions across a distributed node network. ● Modular DA Solutions: In addition to Ethereum, developers can choose third-party DA solutions like Celestia, EigenDA, and Avail, or a Data Availability Committee (DAC) organized by zkLink. This modular approach ensures robust data availability for different use cases. Trading Specific zkVM for High-Performance DEX The TS-zkVM is a high-efficiency ZKP execution environment specifically designed for high-performance financial products such as central limit order book (CLOB) DEXs. It features tailored ZK circuits and a Risc0 zkVM extension, providing exceptional performance for various trading scenarios. The TS-zkVM architecture includes: ● Storage Sub-layer: Utilizes a Sparse Merkle Tree (SMT) for efficient state management and verification, tailored for high-frequency financial transactions. ● Execution Sub-layer: Divided into precompiled circuits for high-performance transactions and an extension circuit using Risc0 zkVM for custom operations. ● ZK Proof Aggregation Sub-layer: Aggregates different transaction proofs to produce a single proof, increasing verification efficiency and reducing on-chain costs. ZKL Goes Live on Bitget As the native utility and governance token for the zkLink protocol, ZKL allows developers to access zkLink's App-Rollup infrastructure and pay for zero-knowledge proof computational resources. It also plays a crucial role in zkLink's decentralized governance, influencing the protocol's development and, in the future, enabling participation in zkLink Nova’s decentralized sequencing network. ZKL is now available for trading on Bitget. Trading ZKL on Bitget provides an opportunity to engage with and support the growth of zkLink's innovative blockchain solutions. ZKL on Bitget Pre-Market ZKL is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. ■ Note: Partial completion is not allowed. For more specific information on how to get ZKL tokens on Bitget Pre-Market, check out the announcement here . Get ZKL on Bitget Pre-Market 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.

Bitget Hot Takes (June 05 - June 11)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. The latest Bitget Hot Takes can be found here. Central Themes • BGB rose to a new high of US$0.513378, which is right below its all-time high. • The SEC sues Binance, Binance.US and Coinbase for ‘unregistered securities offering’. • The CFTC won the lawsuit against Ooki DAO. BGB Breached US$0.51 - Again Last week we talked about how indicators suggested that BGB was inching towards a new local high and here it is. On June 06, 2023, BGB price rose to US$0.513378, which is equivalent to a 6.9% increase from last week’s high and a 7.7% increase from the week’s opening price. Learn about technical indicators here: Trading 101: Technical Analysis Explained The last time BGB prices hit as high as US$0.51 was in Q1 this year; BGB’s ATH is recorded at US$0.51620 on February 16. This breakout was followed by the increasing 7-day volume from US$112 million (May 29 - June 04) to US$135 million. If we are to calculate the volume-to-market cap ratio, a simple measurement of liquidity, it’s clear that BGB maintained a real stable liquidity throughout the seven days; the only exchange token in the Top 3 saw an upsurge towards the end of the week following the lawsuit of the SEC against Binance, whereas the fact that ETH is not considered a security made its volume and liquidity level jump up. Check out the summary of the working week from June 05 to June 09 for BGB below… … and dive deep into our BGB Sail Series to see how impressive BGB monthly performance is: BGB Sail: April Edition BGB Sail: March Edition BGB Sail: February Edition BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition The Latest Crypto Crackdown On June 05, the SEC announced 13 charges against Binance, Binance.US and CZ, which includes the ‘unregistered offer and sale of crypto asset securities’, ‘unregistered broker’, ‘failure to restrict U.S. investors from accessing Binance.com’ and ‘misleading investors’. Worth mentioning is that the agency has referred to 12 cryptocurrencies as securities in their court filing: BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. One day later, they announced their lawsuit against Coinbase. Defined as ‘securities’ in this lawsuit are SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH and NEXO. During his talk with CNBC on the same day, SEC Chair Gary Gensler said that ‘We don’t need more digital currency. We already have digital currency. It’s called the U.S. dollar. It’s called euro. It’s called the yen. They’re all digital now.’ So basically he meant that the SEC has decided to go all-in against crypto. After the new ‘security’ definition, Robinhood announced that they will delist SOL, ADA and MATIC on June 27. Binance.US will disable the trading of 8 BTC pairs and 2 BUSD pairs in their OTC market, Crypto.com will ‘suspend the institutional offering in the U.S.’, but Coinbase has no plan of delisting the tokens mentioned in the filings. SEC is not the only one to tighten its grip on the U.S. crypto industry. The Commodity Futures and Trading Commission (CFTC) has received the final ruling on June 09 that ‘Ooki DAO is a ‘person’ and thus can be held liable’. This is bad news for the whole space, especially for DAOs, because it set the precedent for future cases. Coinbase needs to keep fighting the SEC, otherwise it could become an informal precedent and affects the entire crypto landscape. All eyes are on the upcoming U.S. CPI release on June 13 and the FOMC meeting on June 13-14. See why we need to pay attention to the macroeconomic conditions here: Debt Ceiling Is Lifted. Now What? and Macroeconomic Factors That Can Affect Crypto Prices The Latest Bitget News The best performer of the week must be INUUSDT, whose closing price on June 06 is 3.75 times higher than its opening price. In second and third places are SXSUSDT and GPTGUSDT, who locked in 27.9% and 20.5% gains, respectively, in just 24 hours. However, top trendy tokens are RIBBITUSDT (three times in the list of top daily gainers), INUUSDT (twice) and PRIMEUSDT (twice). Of course the listings of new sought-after tokens are accompanied by new vaults in the Bitget Flexible Savings! The highest APR for TENET and GPTG is 200%, while it’s 150% for SXS. Subscribe before the slots are sold out! Bitget Rewards Center has been upgraded! New users can now get up to 5,027 USDT for free and earn additional bonus when you log in to your account daily. Sign up immediately to get the most out of our promotion campaign! Bitget Academy was established with the mission of bringing expert knowledge to the masses. In Q1 2023 only, we have released over 200 educational articles in 20 different languages, covering everything from in-depth guides and practical tips to market updates. In order to further assist beginners on their crypto journey, we have created the Blockchain Fundamentals Course with three digestible modules - you will receive a certificate after passing each module! New Events Futures competition: win a Rolex and grab a share of 100,000 USDT! Early bird rewards and new user rewards are up for grabs! Become a Bitget Affiliate! Share 100,000 USDT and 50,000 BGB! Lucky Wheels, Sunny Deals: Spin for a $10,000 Summer Island Trip Fund Good things come in twos! Share 100,000 USDT! Deposit or buy crypto in the mid-year jamboree! Enjoy perks in copy trading trial week! Join Bitget x AIBB Community Campaign Now to Claim Your Special $5,000 AIBB Rewards! Try out Martingale bots and grab a share of 5 billion PEPE New users only — enjoy loss protection from a 30,000 USDT safety pool for bot trading! Become a Bitget strategist to share 20,000 USDT Invite friends to Earn and get a 20% rebate! TENET (TENET) Savings is UP, Subscribe Earn up to 200% APR! GPT Guru (GPTG) Savings is UP, Subscribe Earn up to 200% APR! Bitget Will List Ethos (3TH) in the Innovation Zone Bitget Will List FairERC20 (FERC) in the Meme Zone! BullBear AI（AIBB）listed on Bitget, deposit and trade to share 23 trillion AIBB! Sphere (SXS) to be listed on Bitget — grab a share of 800,000 SXS Abyss world (AWT) will be listed on Bitget — grab a share of 3,750,000 AWT from Launchpool! GPT Guru (GPTG) to be listed on Bitget — grab a share of 2,000,000 GPTG TENET (TENET) to be listed on Bitget — grab a share of 145,000 TENET Good Reads Bitget x CoinBureau: The Nexus Of Knowledge And Trading A New Twist On Tuesdays With Bitget's Flash Promotion Crypto Wallets In 2023: Unlocking New Possibilities The Potential Of Cryptocurrency For Crowdfunding Debt Ceiling Is Lifted. Now What? Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget x Coin Bureau: The Nexus of Knowledge and Trading

In the crypto space, knowledge is power. But where can you find reliable information and a platform that supports your trading journey? Enter the latest partnership between Bitget, the world's leading cryptocurrency exchange, and Coin Bureau, a trusted source of crypto information and analysis. This collaboration aims to educate and empower traders, providing them with the tools and knowledge to navigate the volatile crypto markets confidently. Meet Coin Bureau: The Lighthouse in the Crypto Ocean Navigating the turbulent seas of cryptocurrency can be daunting, but with Coin Bureau as your guiding star, you're in secure hands. Coin Bureau is a pioneer in providing comprehensive educational content, market insights, and in-depth analysis of the cryptocurrency market. Their commitment to cultivating a well-informed and empowered crypto community is unmatched, and it is this vision that aligns seamlessly with Bitget's ethos. Through their fascinating content spanning across a variety of topics, Coin Bureau empowers both beginners and experienced traders, equipping them with the knowledge necessary to chart their course in the exciting world of crypto trading. Learn, Trade, Repeat In this collaboration with Bitget, CoinBureau has released a video titled "Bitget Beginner's Guide 2023: Exchange Review + 40k BONUS!’ to simplify the process of setting up and trading on Bitget. They cover a wide range of topics, from creating an account on Bitget, depositing funds, to trading on our platform. The video also highlights the exciting promotions and bonuses that users can receive, such as a $40,000 trading bonus and a 20% discount on trading fees. The tutorial provides a step-by-step walkthrough on how to trade on Bitget, covering different trading options, including futures trading and spot trading. It explains how to use the trading view charts, set limit orders, and manage risk with stop loss and take profit levels. Not yet a Bitgetter? Join us today and enjoy exclusive promotions from both Bitget and Coin Bureau communities! Coin Bureau has also written a detailed review of Bitget on their website. The review provides an in-depth look at our platform, discussing its features, advantages, and potential. This is an invaluable resource for both new and experienced traders looking to make the most of what Bitget has to offer. What's Next? This partnership between Bitget and Coin Bureau is more than just a one-time collaboration. It's a commitment to providing users with the best possible trading experience. With Coin Bureau's educational resources and Bitget's user-friendly platform and exclusive promotions, traders have everything they need to succeed in the crypto market. The Bitget x Coin Bureau partnership is a testament to both parties' dedication to making cryptocurrency trading more accessible and rewarding. As the partnership continues to evolve, users can look forward to more educational content, exclusive promotions, and innovative features that enhance their trading experience.

Bitget Research: Hong Kong’s New Crypto Regulation Comes into Effect, Market Lacks Upward Momentum

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: ZBIT (Token) — ZBIT is the token of BTC MACHINE, which is building its own ecosystem around BTC including several NFT projects. It has a loyal fan base. Currently, the token has reached 8819 holders, ranking it amongst the top in the market. Over the past 24 hours, there have been 5931 transfers, an on-chain trading volume of US$40,000, and a market cap of US$2.22 million. FERC (Token) — FairERC20 can be viewed as a BRC-20 replica project on Ethereum, with a main selling point of performing fair launches on Ethereum in a fair manner. The token has 2773 holders, a 24-hour trading volume of US$5.97 million, and a market cap of US$2.2 million, indicating a good level of popularity. LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity. 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. Because its airdrop quantity was so high, it attracted many bonus hunters, continuously draining its market liquidity. Moreover, the large LP staking rewards have led the token price to spiral down after launch. Currently, the market cap of the token is US$10 million, with liquidity of US$2.57 million and a 24-hour trading volume of US$2.81 million. CHOW (Token) — A memecoin themed around the Chow Chow dog breed. Two days after the quiet launch, the project suddenly experienced a 14x surge in the early hours of today. The project team is focusing on creating a Chinese concept memecoin. The 24-hour trading volume is US$12 million, with a market cap of US$9.08 million. LOYAL (Token) — Loyalty Labs is a memecoin project which was launched with a large liquidity pool. After a quick pump at the start of its launch, it’s currently in a fluctuation phase with small price swings. On the first day of its launch, the market cap has already reached US$48.35 million, with the liquidity pool reaching US$9.01 million. RFD (Token) — A memecoin issued by Blurr, one of the top ten whales on Debank, with anti-rug pull meme characteristics. Despite the project’s token experiencing significant pullback recently, its Twitter operations maintain good continuity. The token currently has a 24-hour trading volume of US$12.61 million and a total market cap of US$21.74 million. ONLINE (Token) — Onlinebase is creating a money-making project on blockchain, featuring DeFi characteristics. The token currently has a market cap of US$4.22 million and a 24-hour trading volume of US$3.67 million. 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. 2.Popular NFTs: Cobee.Combo (NFT) — This is a meme NFT with attributes. The project was launched in April and currently has 120,000 holders. The number of transactions has significantly increased in the past 24 hours, reaching 250 in one hour. Relation Medal Build Base (NFT) — This project aims to create a social network SBT for Web3 relationships, using every readable, understandable, and programmable SBT to represent proof of friendship, affiliation, membership qualifications, and commitment on the blockchain. The project has a high minting popularity, with 62,000 holders. VV — A Film by Zora (NFT) — A film NFT created by the famous NFT influencer Jack Butcher. The selling price on Zora is 0.0089 ETH, and over 13,000 users have participated in the Mint. Another NFT project of his has surged in the secondary market after the Free Mint, showing a solid wealth effect. The community has high expectations for the future performance of this project, which is currently receiving a lot of attention. Tabi Artifact Chest (NFT) — An NFT chest released by Tabi, containing treasures. Users can open the chest after completing the related tasks. Tabi is an NFT trading market on BSC, and the chests it released can be likened to a vampire attack. The chest is non-tradable. The current number of unique holders of the project is 114,816. 3.Popular DApps: Circle (DApp) — As of May 30, Circle has sold all the US Treasury bonds in its USDC reserve portfolio. According to the Circle Reserve Fund website, the US$24 billion assets managed by the fund are all held in the form of overnight repurchase agreements. Based on Circle’s monthly certification report, this is a significant change since the end of April when the fund held more than $30 billion in US Treasury bonds. The last US Treasury bond held by the fund, valued at $4 billion, matured on Tuesday. 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. Galxe (DApp) — A Web3 task platform, Galxe initiated 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%. Lens (DApp) — Lens Protocol Profile, a leading on-chain social platform, is rumored to launch its token and conduct an airdrop to users in June. However, this news has not been confirmed. As a result, there has been an increase in NFT trading activity on the platform. Users are advised to stay tuned for updates on its ecosystem projects such as Phaver, Lenster, and Orb. Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on. 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. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens. Blur (DApp) — On May 31, BLUR platform traded a total of 10,700 ETH, with OpenSea trading 2541 ETH and OpenSea Pro 431 ETH. The NFT market has recently maintained a relatively low trading volume, with a significant reduction in the Blur platform’s trading volume. The price of the BLUR token today is close to the previous low and is experiencing a weak rebound. Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform. Manifold maintains high daily activity due to its NFT minting feature. Trader Joe (DApp) — After launching and implementing the concentrated liquidity feature on Arbitrum, the protocol’s popularity has increased, and the token price has risen from its bottom by up to 3x. Currently, the protocol’s total TVL has reached US$108 million, and Joe v2’s TVL is growing at a fast pace. Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$99 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$3.58 million. Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains, with no remarkable promotions recently. World ID Multi Airdrop (DApp) — Earlier news reported that Tools for Humanity, the company behind the cryptocurrency project Worldcoin co-founded by OpenAI CEO Sam Altman, announced the completion of a US$115 million Series C financing round, led by Blockchain Capital. Informed sources understand that Worldcoin may complete its TGE in Q4 of this year or Q1 of next year, and it is currently in the personal information collection stage. At present, nearly 1.7 million users have registered on the World App, with over 6.3 million websites, mobile apps, and crypto DApp logins authenticated through World ID. It has facilitated over 690,000 transfer transactions and recently announced its move from Polygon to Optimism for further development. 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. 4.Twitter Hot Topics: OP (Token) — In a Twitter post on May 15, the Optimism team announced that the network will upgrade to Bedrock on June 6, with a downtime of 2 to 4 hours. Bedrock reduces transaction costs by using optimized batch compression and Ethereum as a data availability layer and shortens the delay time for including L1 transactions in Rollup by handling L1 reorganizations more gracefully. Prior to the upgrade, over 386 million OP tokens are scheduled to unlock on May 31, more than twice the total circulating supply, which is expected to put pressure on the token price. EDU (DApp) — Open Campus will launch a free Genesis NFT mint on the BNB Chain, divided into Golden Backpacks and Silver Notebooks, with a total of 1333 Golden Backpacks and 5333 Silver Notebooks. The minting list will be closed on June 3, and unclaimed and undistributed NFTs will be kept in the treasury for future collaborations/gifts. 5.Regional Trending Searches: Hong Kong (Event) — The Securities and Futures Commission of Hong Kong (SFC) has issued a circular regarding new licensing arrangements designed specifically for virtual asset trading platforms. The transition arrangements aim to cater to those providing virtual asset services in Hong Kong before June 1, 2023. The Hong Kong Virtual Assets Consortium (HKVAC) has been officially established and will launch a virtual asset index and exchange ratings. The implementation of Hong Kong’s cryptocurrency policies is long-term positive news for the cryptocurrency market, but be aware that there may be short-term speculation risks in related sectors. Shiba (Token) — The token’s price has been fluctuating severely, leading to high levels of community discussion. Certik recently announced that Shiba’s security rating has returned to AAA, indicating a very positive development for Shiba. The Layer 2 network Shibarium is continually updating product developments, presenting potential hype opportunities at any moment. It is essential to stay updated on this token. Main Body Written by: Bitget Research Data collection time: June 1, 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 ZBIT (Token) — ZBIT is the token of BTC MACHINE (https://twitter.com/btcordinal), which is building its own ecosystem around BTC including several NFT projects. It has a loyal fan base. Currently, the token has reached 8819 holders, ranking it amongst the top in the market. Over the past 24 hours, there have been 5931 transfers, an on-chain trading volume of US$40,000, and a market cap of US$2.22 million. 2.Blockchain Profile — ETH Chain 2.1 User Profile 2.1.1 Core Data Total active users of ETH: 434,875 New active users of ETH: 78,622, with a daily increase of 6.42% Existing active users of ETH: 356,253, with a daily decrease of 5.67% 2.1.2 New User Profile Core data: There were a total of 78,622 new active users on ETH yesterday, with a daily increase of 6.42% Popular Sectors Popular Projects Key Projects: Circle (DApp) — As of May 30, Circle has sold all the US Treasury bonds in its USDC reserve portfolio. According to the Circle Reserve Fund website, the US$24 billion assets managed by the fund are all held in the form of overnight repurchase agreements. Based on Circle’s monthly certification report, this is a significant change since the end of April when the fund held more than $30 billion in US Treasury bonds. The last US Treasury bond held by the fund, valued at $4 billion, matured on Tuesday. 2.1.3 Existing User Profile Core data: The number of ETH active existing users is 356,253, with a daily decrease of 5.67% Popular Sectors Popular Projects Key Projects: FERC (Token) — FairERC20 can be viewed as a BRC-20 replica project on Ethereum, with a main selling point of performing fair launches on Ethereum in a fair manner. The token has 2773 holders, a 24-hour trading volume of US$5.97 million, and a market cap of US$2.2 million, indicating a good level of popularity. https://www.erc20.cash/ LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity. 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. Because its airdrop quantity was so high, it attracted many bonus hunters, continuously draining its market liquidity. Moreover, the large LP staking rewards have led the token price to spiral down after launch. Currently, the market cap of the token is US$10 million, with liquidity of US$2.57 million and a 24-hour trading volume of US$2.81 million. 2.2 Popular Trading Pairs 2.2.1 Uniswap V2 CHOW (Token) — A memecoin themed around the Chow Chow dog breed. Two days after the quiet launch, the project suddenly experienced a 14x surge in the early hours of today. The project team is focusing on creating a Chinese concept memecoin. The 24-hour trading volume is US$12 million, with a market cap of US$9.08 million. https://www.dextools.io/app/en/ether/pair-explorer/0x0387e56b85e6dbac5586c74cfd089f03922cf3de 2.2.2 Uniswap V3 LOYAL (Token) — Loyalty Labs is a memecoin project which was launched with a large liquidity pool. After a quick pump at the start of its launch, it’s currently in a fluctuation phase with small price swings. On the first day of its launch, the market cap has already reached US$48.35 million, with the liquidity pool reaching US$9.01 million. RFD (Token) — A memecoin issued by Blurr, one of the top ten whales on Debank, with anti-rug pull meme characteristics. Despite the project’s token experiencing significant pullback recently, its Twitter operations maintain good continuity. The token currently has a 24-hour trading volume of US$12.61 million and a total market cap of US$21.74 million. 3.Blockchain Profile — BSC Chain 3.1 User Profile 3.1.1 Core Data Total active users on BSC: 1,560,531 New active users on BSC: 245,047, with a daily increase of 6.82% Existing active users on BSC: 1,315,484, with a daily increase of 2.14% 3.1.2 New User Profile Core data: There were a total of 245,047 new active users on BSC yesterday, with a daily increase of 6.82% 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. Cobee.Combo (NFT) — This is a meme NFT with attributes. The project was launched in April and currently has 120,000 holders. The number of transactions has significantly increased in the past 24 hours, reaching 250 in one hour. https://opensea.io/collection/cobee-combo 3.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,315,484, with a daily increase of 2.14% Popular Sectors Popular Projects Key Projects: Galxe (DApp) — A Web3 task platform, Galxe initiated 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%. 3.2 Popular Trading Pairs 3.2.1 PancakeSwap V2 ONLINE (Token) — Onlinebase is creating a money-making project on blockchain, featuring DeFi characteristics. The token currently has a market cap of US$4.22 million and a 24-hour trading volume of US$3.67 million. 4.Blockchain Profile — Polygon Chain 4.1 User Profile 4.1.1 Core Data Total active users on Polygon: 460,486 New active users on Polygon: 122,753, with a daily decrease of 6.45% Existing active users on Polygon: 337,733, with a daily decrease of 5.31% 4.1.2 New User Profile Core data: There were a total of 122,753 new active users on Polygon yesterday, with a daily decrease of 6.45% Popular Sectors Popular Projects Key Projects: Relation Medal Build Base (NFT) — This project (https://twitter.com/relationlabs) aims to create a social network SBT for Web3 relationships, using every readable, understandable, and programmable SBT to represent proof of friendship, affiliation, membership qualifications, and commitment on the blockchain. The project has a high minting popularity, with 62,000 holders. 4.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 337,733, with a daily decrease of 5.31% Popular Sectors Popular Projects Key Projects: Lens (DApp) — Lens Protocol Profile, a leading on-chain social platform, is rumored to launch its token and conduct an airdrop to users in June. However, this news has not been confirmed. As a result, there has been an increase in NFT trading activity on the platform. Users are advised to stay tuned for updates on its ecosystem projects such as Phaver, Lenster, and Orb. 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: 239,213 Arbitrum New Active Users: 62,957, with a daily decrease of 41.85% Arbitrum Existing Active Users: 176,256, with a daily decrease of 22.11% 5.1.2 New User Profile Core data: There were a total of 62,957 new active users on Arbitrum yesterday, with a daily decrease of 41.85% Popular Sectors Popular Projects Key Projects: Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on. 5.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 176,256, with a daily decrease of 22.11% 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. 6.DApp Ecosystem — All Chains 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. On June 1, it announced significant updates regarding its tokenomics, stating that users who are inactive for more than 60 days will not receive SWEAT. 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. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens. 7.DApp Ecosystem — ETH Chain Blur (DApp) — On May 31, BLUR platform traded a total of 10,700 ETH, with OpenSea trading 2541 ETH and OpenSea Pro 431 ETH. The NFT market has recently maintained a relatively low trading volume, with a significant reduction in the Blur platform’s trading volume. The price of the BLUR token today is close to the previous low and is experiencing a weak rebound. Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform. Manifold maintains high daily activity due to its NFT minting feature. 8.DApp Ecosystem — BSC Chain Trader Joe (DApp) — After launching and implementing the concentrated liquidity feature on Arbitrum, the protocol’s popularity has increased, and the token price has risen from its bottom by up to 3x. Currently, the protocol’s total TVL has reached US$108 million, and Joe v2’s TVL is growing at a fast pace. 9.DApp Ecosystem — Polygon Chain Philand (Token) — 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 Neftyblocks (DApp) — An NFT trading platform on the WAX blockchain. According to data from third-party data websites, the platform’s traffic ranks behind SuperRare and LooksRare in the NFT space, with more popularity in the European and American regions. 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 Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$99 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$3.58 million. 13.DApp Ecosystem — GameFi Sector Across All Chains Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains, with no remarkable promotions recently. 14.Gas Fee Consumption — ETH Chain VV — A Film by Zora (NFT) — A film NFT created by the famous NFT influencer Jack Butcher. The selling price on Zora is 0.0089 ETH, and over 13,000 users have participated in the Mint. Another NFT project of his has surged in the secondary market after the Free Mint, showing a solid wealth effect. The community has high expectations for the future performance of this project, which is currently receiving a lot of attention. https://zora.co/collect/0x5ec5a9b979a7fd4835a7ce9bdf3090209ec0fc8a/1 15.Gas Fee Consumption — BSC Chain Tabi Artifact Chest (NFT) — An NFT chest released by Tabi, containing treasures. Users can open the chest after completing the related tasks. Tabi is an NFT trading market on BSC, and the chests it released can be likened to a vampire attack. The chest is non-tradable. The current number of unique holders of the project is 114,816. https://opensea.io/collection/tabi-artifact-chest 16.Gas Fee Consumption — Polygon Chain World ID Multi Airdrop (DApp) — Earlier news reported that Tools for Humanity, the company behind the cryptocurrency project Worldcoin co-founded by OpenAI CEO Sam Altman, announced the completion of a US$115 million Series C financing round, led by Blockchain Capital. Informed sources understand that Worldcoin may complete its TGE in Q4 of this year or Q1 of next year, and it is currently in the personal information collection stage. At present, nearly 1.7 million users have registered on the World App, with over 6.3 million websites, mobile apps, and crypto DApp logins authenticated through World ID. It has facilitated over 690,000 transfer transactions and recently announced its move from Polygon to Optimism for further development. Cointool (DApp) — A tool that can be used to batch mint XEN has seen a significant increase in usage lately due to the continuous promotions of XEN. The gas fees generated by the tool are primarily used for minting XEN. 17.Gas Fee Consumption — Arbitrum Chain 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. 18.Twitter Trends Token Top 20 OP (Token) — In a Twitter post on May 15, the Optimism team announced that the network will upgrade to Bedrock on June 6, with a downtime of 2 to 4 hours. Bedrock reduces transaction costs by using optimized batch compression and Ethereum as a data availability layer and shortens the delay time for including L1 transactions in Rollup by handling L1 reorganizations more gracefully. Prior to the upgrade, over 386 million OP tokens are scheduled to unlock on May 31, more than twice the total circulating supply, which is expected to put pressure on the token price. EDU (DApp) — Open Campus will launch a free Genesis NFT mint on the BNB Chain, divided into Golden Backpacks and Silver Notebooks, with a total of 1333 Golden Backpacks and 5333 Silver Notebooks. The minting list will be closed on June 3, and unclaimed and undistributed NFTs will be kept in the treasury for future collaborations/gifts. 19.Google Trends — Global Hong Kong (Event) — The Securities and Futures Commission of Hong Kong (SFC) has issued a circular regarding new licensing arrangements designed specifically for virtual asset trading platforms. The transition arrangements aim to cater to those providing virtual asset services in Hong Kong before June 1, 2023. The Hong Kong Virtual Assets Consortium (HKVAC) has been officially established and will launch a virtual asset index and exchange ratings. The implementation of Hong Kong’s cryptocurrency policies is long-term positive news for the cryptocurrency market, but be aware that there may be short-term speculation risks in related sectors. Shiba (Token) — The token’s price has been fluctuating severely, leading to high levels of community discussion. Certik recently announced that Shiba’s security rating has returned to AAA, indicating a very positive development for Shiba. The Layer 2 network Shibarium is continually updating product developments, presenting potential hype opportunities at any moment. It is essential to stay updated on this token. 20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: BTC, BOB, MetaForce, GFAL Pakistan Trending Keywords: BTC, ETH b) Southeast Asia Region Indonesia Trending Keywords: BTC, Dompet Malaysia Trending Keywords: FTX, AVAX, CMC Vietnam Trending Keywords: Cryptonews, CryptoBubble Philippines Trending Tokens: Satoshi, UNI, OKB c) East Asia and Hong Kong, Macau, and Taiwan Trending Tokens: IVS 21.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Luna, 1inch, Crypto News, Dune b) English-speaking Countries Australia Trending Tokens: BTC, OP, ETH, HEX UK Trending Tokens: ADA, HEX, CFX USA Trending Tokens: ONFO, MAGIC, GTA, Minswap Canada Trending Tokens: ETH, Phantom c) Europe Spain Trending Tokens: CFX, ADA, FTM, BTC, MATIC, HEX France Trending Tokens: BEN, YON, XMR, Worldcoin, Balancer Germany Trending Tokens: DOGE, AVAX, MICA, XRP Italy Trending Tokens: Nexus, Optimsim Poland Trending Tokens: Airdrop, SHIB, XRP, ATOM, UNI, HIS Switzerland Trending Tokens: Shib, XRP Turkey Trending Tokens and Keywords: ETH, GPT, AI, GPT, Fire 22.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: Faucet, Shib, AVAX, VALR b) Middle East Trending Keywords: Pepe, Crypto Batter, Crypto Bubbles, Crypto Desk c) Latin America Brazil Trending Tokens: Wibx, Free Bitcoin, BOMB, Shiba, UNI Argentina Trending Keywords: Crypto Mexico Trending Keywords: Genesis Crypto

Bitget Research: US Debt Ceiling Crisis Resolved, Cryptocurrencies Enter Phase of Recovery

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: Bitcoin (Token) — According to US media reports on May 28th, representatives of the White House and Republicans in the US have reached a preliminary agreement on the debt ceiling issue. Subsequently, Bitcoin (BTC) started to rise, moving from US$26,000 back to US$28,000 again. Ethereum (ETH) also followed the rise. Some altcoins, which experienced a significant drop earlier, had a strong rebound, such as ARB speculating on the Cancun concept, and EDU which recently released positive news regarding NFTs. It is essential to observe whether BTC can stabilize above US$27,500. If it can maintain this level, there is a chance that a more sustained rebound may occur in the market. BIAO (Token) — This is a memecoin that had its TGE just a day ago. Its contract has potential mint and blacklist functions. The 24-hour trading volume is currently at US$58.4 million, but almost US$30 million was completed by MEV Bot, and there are only 267 unique participants in the project. The total market cap of the project is currently at US$150 million, while the liquidity pool depth is at US$180,000. The token’s trend is highly controlled, indicating that participation comes with certain risks. MOGUTO (Token) — This is a memecoin from the Mushroom Head community. It launched on DEX after its TGE yesterday, and plummeted after a short pump, resulting in an unrealized loss for holders. The token contract is secure, with a fully diluted valuation of US$270,000, liquidity pool depth of US$52,000, and trading volume of US$5.8 million. It is essential to observe its performance and whether there is any capital inflow that could trigger a second upward price movement. 0xM (Token) — 0xmeme’s trend is relatively weak. It experienced a short pump after its TGE and then plummeted. Currently, its 24-hour trading volume is US$2.3 million. The token’s price decline is rather severe, requiring a capital inflow to create a second upward price movement. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The project’s current on-chain liquidity is US$13.1 million, and the trading volume in the last 24 hours is US$9 million, with 814 unique participants. The token has been listed on Bitget. AGB (Token) — Apes Go Bananas is a memecoin driven by BAYC and HAPE, with a potentially high ceiling. The token currently has a 24-hour trading volume of US$5.1 million, 837 unique participants, on-chain liquidity of US$800,000, and a fully diluted valuation of US$11.7 million. AGB just had its TGE 12 days ago and is currently experiencing positive momentum. It is essential to stay updated on this token. BTC.b (Token) — Issued by Layerzero, BTC.b is an multi-chain asset, pegged to Bitcoin, and currently released on the BSC chain. Trader Joe subsequently announced that it will provide trading liquidity for BTC.b. Layerzero’s multi-chain assets can better integrate Bitcoin assets into the EVM ecosystem, offering a wide range of use cases. It is essential to stay updated on this token. FIFA Claim Contract (Token) — Based on the on-chain interactions, users can apply to the project to obtain FIFA tokens, with the claim value currently around US$3–4. A large number of claims have resulted in a significant drop in the token’s value, with a 14% decrease in the last 24 hours. Participation in the project can yield corresponding rewards, making it an essential token to stay updated on. LOYAL (0x4d44, Token) — The contract has potential mint and blacklist functions, and the token’s TGE was two days ago. The current 24-hour trading volume is US$14.3 million, but there are only 311 unique participants. The project’s total market cap is US$1.29 billion, which is quite high. The liquidity pool is only US$229,000, making the token’s price easy to manipulate. 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 performed well in the past few days, with a 24-hour trading volume of US$1.1 million. The total market cap of the project is US$80.8 million, indicating limited upward movement in the price. It is essential to stay updated on this token. LOVE (Token) — This project is promoted by influencer @M4573RCH. Whitelisting is secured by sending 0 ETH to his address, and the current number of potential whitelist participants exceeds 10,000. The project is confirmed to be issued on the Ethereum mainnet. On the other hand, Love token on the BSC does not have a clear endorsement from the project team. Even though the 24-hour trading volume is US$45 million, there are only 1516 participants, indicating the possibility of a fake trading volume. This token could be a rug pull scheme. Participation is not recommended. Pepemoon (Token) — A PEPE-related memecoin with a contract that has a blacklist function. The current 24-hour trading volume of the token is US$220,000, and the liquidity pool is US$290,000. However, the total market cap is US$ 10.1 million. Although the token’s rise seems favorable, its trend is mainly influenced by the project party’s trading, indicating a higher risk for participation. XEN (Token, DApp) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 2.Popular NFTs: XANA (NFT) — This project is a Metaverse NFT AI partner. Currently being minted by the community, the entire series has 9999 items. The current number of holders is 3335, with no trading information at the moment. The UI display of the image is decent and leans more toward an anime style. It is essential to stay updated on this NFT. 3.Popular DApps: 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 686,000 unique wallet addresses on the zkSync Era mainnet, with 277,000 ETH bridged to zkSync and a total of 827,000 transfers. Bovada (DApp) — A popular gambling website with Similarweb showing monthly visits of up to 30.5 million, with more than 99% of traffic coming from the United States. It is a casino that combines sports betting, poker, and slot machines. Gambling websites typically have large traffic, and some user demographics align with crypto users. Mev Bot (Other) — Memecoin hype is showing signs of recovery, and Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. The reverse is also true. When trading memecoins, it is essential that users set a good trading slippage to ensure successful token purchases and avoid attacks by MEV Bot. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. OSEA Bridge (DApp) — Omnisea’s testnet cross-chain bridge is a project offering cross-chain services for NFT assets. Currently, the overall NFT sector lacks attention, leading to fewer use cases for the project and a lower user volume. However, this project continues to develop during the bear market, and its cross-chain functionality may have potential real-world applications in the future. It is essential to stay updated on this project. Guildxyz (DApp) — It has recently been conducting a promotion called “Pined” in the community, aiming to find the largest Web3 community. Currently, the project partners cooperating with Guildxyz include Stargate and Zetachain, helping their communities with joint publicity. Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on. 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. 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. Alien Worlds (DApp) — A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is currently a multi-chain NFT DeFi metaverse game that supports Ethereum, WAX, and BSC. The project is active on Twitter, with a CEO-level AMA event yesterday with Dacoco.io, which garnered significant attention in the community. SLM Games (DApp) — A crypto-based gambling platform that spans multiple chains, including BTC and ETH. There are currently six types of games, and the project has 523 followers on Twitter. It recently published an update regarding token empowerment, facilitating the transfer and access of user assets on the platform. It is essential to stay updated on this project. DexView (DApp) — A one-stop DEX token trading and market sentiment website, with 2580 members on Telegram (150+ online). Recently, the market sentiment for speculative memecoins is good, which may lead to an increase in the number of users for such websites, making it essential to stay updated on this project. CowSwap (DApp) — A DEX order match trading + yield aggregator. The project recently announced the CoW ecosystem rewards promotion. The first round will distribute more than US$100,000 to the CoW community, which has received good feedback. Additionally, CowSwap has completed the update for version 1.38.1 and has been open-sourced to the community. SeedX (DApp) — A decentralized trading platform with the vision of providing traders with a revolutionary trading experience. The project currently runs promotions but has only moderate attention. The content posted on the official Twitter account receives relatively little attention and engagement. However, the quality of its product is pretty good. It is essential to stay updated on SeedX. ParaSwap (DApp) — A decentralized exchange on Polygon. Recently, it has published two significant project updates: 1. The community proposal PSP-IP32 has been approved. The proposal aims to enhance the project’s gas efficiency and reduce usage costs; 2. ParaSwap has entered into a partnership with FlashFlow, as announced in its community. Saber (DApp) — Saber is a DeFi project on Solana. The progress of its ecosystem project is relatively slow. Although UAW rose by 21% yesterday, the base number was low with only 3315 users interacting. Overall, Solana’s ecosystem projects have relatively low interaction. It is essential to stay updated on this DApp. GMX (DApp) — GMX has recently completed the distribution of previous trading rewards, leading to a significant increase in the project’s UAW. Degis currently provides insurance support for GMX. The project continues to iterate. It is essential to stay updated on GMX. rhino.fi (DApp) — A cross-chain aggregator + DeFi project, currently running promotions. Through Rhino.fi, cross-chain transaction fees from ETH to the zKsync ecosystem are halved. The project also supports users in cross-chain asset operations from Arbitrum. Tap Fantasy (DApp) — The project has recently been promoting the new token $MC in the community, which operates on a P2E mechanism. In addition, the project is advertising MKT3DAO’s NFT sale activity in its community, which has drawn a significant level of attention. Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER. CyberConnect raised $5.4 million through its token sale on CoinList. A total of 532,000 users from 112 countries registered, and 11,540 participants participated in the token sale. 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. 4.Twitter Hot Topics: TENET (Token) — Tenet is an EVM Layer-1 network focused on DeFi, providing liquidity and earning opportunities for Liquidity Sensitive Deposits (LSDs). It has been recently listed on multiple CEXs, increasing user attention. Both the token’s price and trading volume have seen growth. ARB (Token) — On May 27, the EIP candidate for the Cancun upgrade was confirmed, which is a significant positive development for Layer 2. This includes ARB, OP, and top projects within the ecosystem, all of which have seen growth. 5.Regional Trending Searches: Bitcoin (Token) — According to US media reports on May 28th, representatives of the White House and Republicans in the US have reached a preliminary agreement on the debt ceiling issue. Subsequently, Bitcoin (BTC) started to rise, moving from US$26,000 back to US$28,000 again. Ethereum (ETH) also followed the rise. Some altcoins, which experienced a significant drop earlier, had a strong rebound, such as ARB speculating on the Cancun concept, and EDU which recently released positive news regarding NFTs. It is essential to observe whether BTC can stabilize above US$27,500. If it can maintain this level, there is a chance that a more sustained rebound may occur in the market. Main Body Written by: Bitget Research Data collection time: May 29, 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.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 359,830 New active users of ETH: 67,842, with a daily decrease of 9.43% Existing active users of ETH: 291,988, with a daily decrease of 10.30% 1.1.2 New User Profile Core data: There were a total of 67,842 new active users on ETH yesterday, with a daily decrease of 9.43% 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 686,000 unique wallet addresses on the zkSync Era mainnet, with 277,000 ETH bridged to zkSync and a total of 827,000 transfers. Bovada (DApp) — A popular gambling website with Similarweb showing monthly visits of up to 30.5 million, with more than 99% of traffic coming from the United States. It is a casino that combines sports betting, poker, and slot machines. Gambling websites typically have large traffic, and some user demographics align with crypto users. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 291,988, with a daily decrease of 10.30% Popular Sectors Popular Projects Key Projects: Mev Bot (Other) — Memecoin hype is showing signs of recovery, and Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. The reverse is also true. When trading memecoins, it is essential that users set a good trading slippage to ensure successful token purchases and avoid attacks by MEV Bot. XANA (NFT) — This project is a Metaverse NFT AI partner. Currently being minted by the community, the entire series has 9999 items. The current number of holders is 3335, with no trading information at the moment. The UI display of the image is decent and leans more toward an anime style. It is essential to stay updated on this NFT. https://opensea.io/collection/xana-genesis 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 BIAO (Token) — This is a memecoin that had its TGE just a day ago. Its contract has potential mint and blacklist functions. The 24-hour trading volume is currently at US$58.4 million, but almost US$30 million was completed by MEV Bot, and there are only 267 unique participants in the project. The total market cap of the project is currently at US$150 million, while the liquidity pool depth is at US$180,000. The token’s trend is highly controlled, indicating that participation comes with certain risks. https://dexscreener.com/ethereum/0x61d3d506f67bee7917c222d0ce0b873f2a6c78f2 MOGUTO (Token) — This is a memecoin from the Mushroom Head community. It launched on DEX after its TGE yesterday, and plummeted after a short pump, resulting in an unrealized loss for holders. The token contract is secure, with a fully diluted valuation of US$270,000, liquidity pool depth of US$52,000, and trading volume of US$5.8 million. It is essential to observe its performance and whether there is any capital inflow that could trigger a second upward price movement. https://dexscreener.com/ethereum/0x2a683953b4db436e9290ad97a59e63178cca26fe 0xM (Token) — 0xmeme’s trend is relatively weak. It experienced a short pump after its TGE and then plummeted. Currently, its 24-hour trading volume is US$2.3 million. The token’s price decline is rather severe, requiring a capital inflow to create a second upward price movement. https://dexscreener.com/ethereum/0x0b264fb1404b691f1853d1cc1c03357916ab39bc 1.2.2 Uniswap V3 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The project’s current on-chain liquidity is US$13.1 million, and the trading volume in the last 24 hours is US$9 million, with 814 unique participants. The token has been listed on Bitget. https://www.bitget.com/en/spot/RFDUSDT_SPBL?type=spot AGB (Token) — Apes Go Bananas is a memecoin driven by BAYC and HAPE, with a potentially high ceiling. The token currently has a 24-hour trading volume of US$5.1 million, 837 unique participants, on-chain liquidity of US$800,000, and a fully diluted valuation of US$11.7 million. AGB just had its TGE 12 days ago and is currently experiencing positive momentum. It is essential to stay updated on this token. https://dexscreener.com/ethereum/0x4ec7d47cfd3f35e47b86f9eaa31cb9d3ee1e801a 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,229,239 New active users on BSC: 175,917, with a daily increase of 4.69% Existing active users on BSC: 1,053,322, with a daily decrease of 4.73% 2.1.2 New User Profile Core data: There were a total of 175,917 new active users on BSC yesterday, with a daily increase of 4.69% Popular Sectors Popular Projects Key Projects: BTC.b (Token) — Issued by Layerzero, BTC.b is an multi-chain asset, pegged to Bitcoin, and currently released on the BSC chain. Trader Joe subsequently announced that it will provide trading liquidity for BTC.b. Layerzero’s multi-chain assets can better integrate Bitcoin assets into the EVM ecosystem, offering a wide range of use cases. It is essential to stay updated on this token. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,053,322, with a daily decrease of 4.73% Popular Sectors Popular Projects Key Projects: FIFA Claim Contract (Token) — Based on the on-chain interactions, users can apply to the project to obtain FIFA tokens, with the claim value currently around US$3–4. A large number of claims have resulted in a significant drop in the token’s value, with a 14% decrease in the last 24 hours. Participation in the project can yield corresponding rewards, making it an essential token to stay updated on. https://dexscreener.com/bsc/0xe39205c594f551c1ea0f6230c06cb34d10b1c46a 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 LOYAL (0x4d44, Token) — The contract has potential mint and blacklist functions, and the token’s TGE was two days ago. The current 24-hour trading volume is US$14.3 million, but there are only 311 unique participants. The project’s total market cap is US$1.29 billion, which is quite high. The liquidity pool is only US$229,000, making the token’s price easy to manipulate. 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 performed well in the past few days, with a 24-hour trading volume of US$1.1 million. The total market cap of the project is US$80.8 million, indicating limited upward movement in the price. It is essential to stay updated on this token. https://dexscreener.com/bsc/0x9019e812a436003ad2c515492cffb784937ab2aa LOVE (Token) — This project is promoted by influencer @M4573RCH. Whitelisting is secured by sending 0 ETH to his address, and the current number of potential whitelist participants exceeds 10,000. The project is confirmed to be issued on the Ethereum mainnet. On the other hand, Love token on the BSC does not have a clear endorsement from the project team. Even though the 24-hour trading volume is US$45 million, there are only 1516 participants, indicating the possibility of a fake trading volume. This token could be a rug pull scheme. Participation is not recommended. https://dexscreener.com/bsc/0xb8da5da98cab996eb5721f23147aa4c5421f08bf 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 412,758 New active users on Polygon: 111,947, with a daily increase of 4.61% Existing active users on Polygon: 300,811, with a daily decrease of 13.35% 3.1.2 New User Profile Core data: There were a total of 111,947 new active users on Polygon yesterday, with a daily increase of 4.61% Popular Sectors Popular Projects Key Projects: Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. OSEA Bridge (DApp) — Omnisea’s testnet cross-chain bridge is a project offering cross-chain services for NFT assets. Currently, the overall NFT sector lacks attention, leading to fewer use cases for the project and a lower user volume. However, this project continues to develop during the bear market, and its cross-chain functionality may have potential real-world applications in the future. It is essential to stay updated on this project. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 300,811, with a daily decrease of 13.35% Popular Sectors Popular Projects Key Projects: Guildxyz (DApp) — It has recently been conducting a promotion called “Pined” in the community, aiming to find the largest Web3 community. Currently, the project partners cooperating with Guildxyz include Stargate and Zetachain, helping their communities with joint publicity. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 Duckies (Token) — The token has a liquidity pool of only US$17,000, basically unable to bear any funds from projects and users. The token’s price effectiveness is relatively low. It is not recommended to participate. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 191,764 Arbitrum New Active Users: 44,019, with a daily decrease of 7.14% Arbitrum Existing Active Users: 147,745, with a daily decrease of 4.79% 4.1.2 New User Profile Core data: There were a total of 44,019 new active users on Arbitrum yesterday, with a daily decrease of 7.14% Popular Sectors Popular Projects Key Projects: Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on. 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. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 147,745, with a daily decrease of 4.79% 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. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 Pepemoon (Token) — A PEPE-related memecoin with a contract that has a blacklist function. The current 24-hour trading volume of the token is US$220,000, and the liquidity pool is US$290,000. However, the total market cap is US$ 10.1 million. Although the token’s rise seems favorable, its trend is mainly influenced by the project party’s trading, indicating a higher risk for participation. https://dexscreener.com/arbitrum/0xbdbd504666b0d80796d5d4a321683a9fbae45c2d 5.DApp Ecosystem — All Chains Alien Worlds (DApp) — A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is currently a multi-chain NFT DeFi metaverse game that supports Ethereum, WAX, and BSC. The project is active on Twitter, with a CEO-level AMA event yesterday with Dacoco.io, which garnered significant attention in the community. SLM Games (DApp) — A crypto-based gambling platform that spans multiple chains, including BTC and ETH. There are currently six types of games, and the project has 523 followers on Twitter. It recently published an update regarding token empowerment, facilitating the transfer and access of user assets on the platform. It is essential to stay updated on this project. 6.DApp Ecosystem — ETH Chain DexView (DApp) — A one-stop DEX token trading and market sentiment website, with 2580 members on Telegram (150+ online). Recently, the market sentiment for speculative memecoins is good, which may lead to an increase in the number of users for such websites, making it essential to stay updated on this project. CowSwap (DApp) — A DEX order match trading + yield aggregator. The project recently announced the CoW ecosystem rewards promotion. The first round will distribute more than US$100,000 to the CoW community, which has received good feedback. Additionally, CowSwap has completed the update for version 1.38.1 and has been open-sourced to the community. 7.DApp Ecosystem — BSC Chain SeedX (DApp) — A decentralized trading platform with the vision of providing traders with a revolutionary trading experience. The project currently runs promotions but has only moderate attention. The content posted on the official Twitter account receives relatively little attention and engagement. However, the quality of its product is pretty good. It is essential to stay updated on SeedX. 8.DApp Ecosystem — Polygon Chain ParaSwap (DApp) — A decentralized exchange on Polygon. Recently, it has published two significant project updates: 1. The community proposal PSP-IP32 has been approved. The proposal aims to enhance the project’s gas efficiency and reduce usage costs; 2. ParaSwap has entered into a partnership with FlashFlow, as announced in its community. 9.DApp Ecosystem — WAX Chain UAW of WAX ecosystem projects generally fluctuates within the normal range. 10.DApp Ecosystem — Solana Chain Saber (DApp) — Saber is a DeFi project on Solana. The progress of its ecosystem project is relatively slow. Although UAW rose by 21% yesterday, the base number was low with only 3315 users interacting. Overall, Solana’s ecosystem projects have relatively low interaction. It is essential to stay updated on this DApp. 11.DApp Ecosystem — Arbitrum Chain GMX (DApp) — GMX has recently completed the distribution of previous trading rewards, leading to a significant increase in the project’s UAW. Degis currently provides insurance support for GMX. The project continues to iterate. It is essential to stay updated on GMX. rhino.fi (DApp) — A cross-chain aggregator + DeFi project, currently running promotions. Through Rhino.fi, cross-chain transaction fees from ETH to the zKsync ecosystem are halved. The project also supports users in cross-chain asset operations from Arbitrum. 12.DApp Ecosystem — GameFi Sector Across All Chains Tap Fantasy (DApp) — The project has recently been promoting the new token $MC in the community, which operates on a P2E mechanism. In addition, the project is advertising MKT3DAO’s NFT sale activity in its community, which has drawn a significant level of attention. 13.Gas Fee Consumption — ETH Chain 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 686,000 unique wallet addresses on the zkSync Era mainnet, with 277,000 ETH bridged to zkSync and a total of 827,000 transfers. 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER. CyberConnect raised $5.4 million through its token sale on CoinList. A total of 532,000 users from 112 countries registered, and 11,540 participants participated in the token sale. 15.Gas Fee Consumption — Polygon Chain XEN (Token, DApp) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 16.Gas Fee Consumption — Arbitrum Chain 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. 17.Twitter Trends Token Top 20 TENET (Token) — Tenet is an EVM Layer-1 network focused on DeFi, providing liquidity and earning opportunities for Liquidity Sensitive Deposits (LSDs). It has been recently listed on multiple CEXs, increasing user attention. Both the token’s price and trading volume have seen growth. ARB (Token) — On May 27, the EIP candidate for the Cancun upgrade was confirmed, which is a significant positive development for Layer 2. This includes ARB, OP, and top projects within the ecosystem, all of which have seen growth. 18.Google Trends — Global Bitcoin (Token) — According to US media reports on May 28th, representatives of the White House and Republicans in the US have reached a preliminary agreement on the debt ceiling issue. Subsequently, Bitcoin (BTC) started to rise, moving from US$26,000 back to US$28,000 again. Ethereum (ETH) also followed the rise. Some altcoins, which experienced a significant drop earlier, had a strong rebound, such as ARB speculating on the Cancun concept, and EDU which recently released positive news regarding NFTs. It is essential to observe whether BTC can stabilize above US$27,500. If it can maintain this level, there is a chance that a more sustained rebound may occur in the market. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: XEN, COCOS, EGLD Pakistan Trending Tokens: BTC, DCA b) Southeast Asia Region Indonesia Trending Keywords: Crypto faucet, Crypto laws in Islam, learn crypto, bitcoin price Malaysia Trending Keywords: binance, what is crypto, coinmarketcap Thailand Trending Keywords: crypto bubble, crypto news Philippines Trending Tokens: ETH, XRP, LUNA c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: crypto wallet, crypto news, crypto in Chinese, bitcoin price 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Dune Crypto b) English-speaking Countries Canada Trending Tokens: XRP, ADA, LUNA UK Trending Tokens: CAKE, BTC, GALA, JASMY USA Trending Tokens: AIDOGE, SYLO Australia Trending Tokens: MATIC, VRA, SLO, ADA c) Europe Spain Trending Tokens: SPONGE, SOL, AIDOGE, ADA, MULTI France Trending Tokens: GST, BTC, XRP, WOJAK, MULTI, TOMO Germany Trending Tokens: SHIB, MATIC, SOL, BTC Italy Trending Tokens: ADA, AUTO, AVAX, MULTI, MASK, BNB Poland Trending Tokens: SHIB, PEPE Switzerland Trending Keywords: crypto news, coinmarketcap Turkey Trending Keywords: crypto kemal, tradingview, crypto market 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: Crypto news, bomb crypto, bubble crypto Trending Tokens: BTC b) Middle East Trending Keywords: Coinbase, crypto news Trending Tokens: SHIB c) Latin America Brazil Trending Keywords: coinmarketcap, fireplace, crypto faucet, crypto reddit, binance Argentina Trending Keywords: crypto nexus, crypto shop Mexico Trending Tokens: LUNA

Bitget Research: Weak Momentum in BTC’s Rise, Shanghai Upgrade Leads LSD to Outperform the Market

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: XEN (Token) — XEN has seen a 3x increase in price over the past week, currently experiencing a slight pullback with a 24-hour trading volume of $29 million. In an effort to promote deflation for $XEN, the XEN project team recently launched the DBXEN project, which can be obtained by burning XEN. Within just four days, 10.8 billion XEN tokens were burned on the Ethereum blockchain. SOV (Token) Shib Original Vision — SOV experienced significant growth one week after the contract was deployed, with prices remaining high. The liquidity pool is $3.85 million with a 24-hour trading volume of $5.85 million. $SOV represents the original vision of the Shiba Inu token, aiming to correct the corruption behind $SHIB by distributing $SOV fairly and transparently to the real members of the Shiba Inu token community. According to its tokenomics, 80% of the tokens will be airdropped to the Shiba community. Currently, airdrop claims are suspended and will be notified separately upon resumption. PILOT (Token) — PILOT is a decentralized liquidity management platform based on the UNI V3 folk concept. It has benefited from the hype surrounding the expiration of UNI V3’s April market license, seeing an 80% increase in value, with a 24-hour trading volume of $1.2 million. ZERO (Token) — A 0% interest borrowing and lending project designed for LSD. The product will be officially launched in April. Due to the upcoming Shanghai Upgrade, the token has experienced significant hype and has seen nearly a 4x increase from the bottom. It is currently experiencing some pullback, with a trading volume of $1.78 million in the past 24 hours. KAKI (Token) — This is a memecoin that experienced a significant increase in value before the launch of the Shib Layer2 testnet. It has a high level of on-chain trading activity and no significant contract risks. The project team has previously destroyed 90% of the tokens by sending them to a black hole address and has the ability to promote and hype the token. The project has gained significant attention, and the price briefly approached its historical high on April 4th and is currently fluctuating at a high level with a 24-hour trading volume of $1.8 million. SUIBG (Token) SUI Futures Bitget— BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUIUSDT">SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or join the SUIBG celebration on the Bitget trading platform to receive SUIBG. According to community users, SUI may hold a public offering on Coinlist on May 2nd. TXAU (Token) — A cryptocurrency backed by real-world gold on a 1:1 basis. According to reports, the market cap of cryptocurrency stablecoins backed by gold has reached $1 billion. Recently, the price of gold has been performing well due to the expectation of risks regarding traditional finance and interest rate pauses, resulting in extreme popularity in the market. ARB (Token) — After the Arbitrum AIP-1 proposal was rejected with a 76.67% opposition rate, the Arbitrum Foundation submitted two new proposals to expand ARB holders’ supervisory and governance powers. The first proposal is to place the remaining 700 million ARB of the foundation into “smart contract-controlled locking,” which will be unlocked within four years. The foundation will not be able to use the tokens until the community members approve the token allocation budget. The second proposal is to modify several governance parameters of the Arbitrum ecosystem. Currently, $ARB is oscillating at $1.1-$1.2 with no significant price fluctuations. PENDLE (Token) — Benefiting from the upcoming Shanghai Upgrade, as a strong performer in the LSDFi space, Pendle’s TVL has exceeded $50 million. In the past two days, KOLs on Twitter have recommended it and large holders have been buying, leading to a strong price trend. Its circulating market cap has reached $50 million and the 24-hour trading volume is $7.9 million. GMX (Token) — Recently, there has been frequent on-chain activity by big whales for GMX. On April 6th, a whale pool bought 60,958 GMX, using 2568 ETH, at an average price of 80 USDT for each token. On March 14th, the same address spent 1851 ETH to buy 41,362 GMX at an average price of 79.2 USDT and also bought 6324 GMX from the Binance exchange. Currently, the address holds 108,644 GMX, and the whale continues to open positions in GMX. It is essential to stay updated on this token. 2.Popular NFTs: Gemesis (NFT) — Gem has been renamed to OpenSea Pro and has airdropped NFTs to users. It is designed specifically for professional NFT users and has a total airdrop of 180,000 “Gemesis” NFTs. Due to a contract bug, the minting limit was reached when there were only 60,000 NFTs yesterday, causing the floor price to surge to 0.07 ETH. However, the developer fixed the issue, and the floor price is now 0.036 ETH. There have been over 75,000 NFTs minted, with a total trading volume of 2915 ETH and 44,167 holders. Tribuzz (NFT) — Tribuzz is an NFT issued by a service provider on Polygon, with an official Twitter account having 22,400 followers. It was recently launched, with a total of 7777 NFTs, a 24-hour trading volume of 95 ETH, and 3708 holders, indicating moderate popularity. Otherside Vessel (NFT) — Metaverse project by Yuga Labs, Otherside, has initiated Koda NFT split and Vessel claiming. Only Otherdeeds holders who own Koda can split the NFT, but all Otherdeeds holders can claim a Vessel NFT. In a short period, it has already seen over 600 ETH in trading volume, indicating high trading activity. 3.Popular DApps: Pancakeswap V3 (DApp) — On April 3, Pancake officially launched the V3 version on both Ethereum and BNB Chain. V3 will introduce four different trading fee levels: 0.01%, 0.05%, 0.25%, and 1%, and will also introduce a feature to improve capital efficiency by allowing liquidity providers to concentrate funds within smaller price ranges. The platform will also launch a “VIP” trading reward plan based on trading volume and a position management feature. The news was retweeted by Binance CEO CZ, and current data from the BSC chain shows that the user interaction is close to that of V2. Hooked (DApp) — Since February, Hooked has held 12 Todamoon events, attracting over 480,000 participants through gamified testing and learning, live streaming experiences, and AI technology. The platform will launch a new event this Friday, and interest remains high. ZED RUN (DApp) — A horse racing game that has already launched, with 67,600 followers on Twitter and 141,000 monthly visits according to Similarweb. The majority of visitors are from the United States (45.7%) and the United Kingdom (34.51%). The game is very popular within its community. Stargate Finance (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of OmniChain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). Due to the Arbi airdrop and LayerZero’s financing, the platform has seen strong user demand, with a TVL of $410 million and a weekly increase of over 8%. Layerzero (DApp) — Recently, LayerZero completed a $120 million Series B funding round at a valuation of $3 billion, with participation from a16z and Sequoia Capital. According to on-chain data, LayerZero has accumulated over 770,000 holders, with active user interaction due to the anticipation of airdrops. OpenSea Pro (DApp) — OpenSea Pro, formerly known as Gem, was acquired by OpenSea in April 2022 and continues to operate as an independent product and brand. On April 5, 2023, OpenSea Pro announced that users who used Gem before March 31, 2023, are eligible to receive Gemesis NFTs, which can be directly minted on OpenSea. The announcement also revealed that Gem would officially be renamed as OpenSea Pro, leading the community to speculate that this is in preparation for future token issuance and signifies the intensification of competition between Blur and OpenSea. Blur (DApp) — On April 5, the Blur platform traded 12,600 ETH, while OpenSea traded 4799 ETH. NFT market trading volume has remained stable lately, but Blur’s performance relative to BTC has been average, with a current price of 0.57 USDT. The short-term price of BLUR continues to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to stay updated on the development of its products. SECONDLIVE (DApp) — SecondLive is a Web3 Metaverse project based on the BSC that focuses on building a virtual social network and supporting creator economy activities. On April 4, it collaborated with BNBChain to launch an Easter egg activity with a total reward of $30,000 BEAN. The user engagement is good, with 385,000 followers on Twitter and over 120 KOLs following the project. TaskON (DApp) — TaskON is a Web3-based task platform with 118,000 Twitter followers, including 80+ KOLs. The platform recently held events with other project teams, such as nuwaxyz, Guesslot, Web3Shot, and BinaryX. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. The project has received a good level of attention. GameTrade Market (DApp) — This project is a multi-chain NFT marketplace that focuses on trading in-game assets. On April 3rd, the project announced its participation in Crew3’s gaming guild marathon event, which received over 2500 interactions. They have 10,000 followers on Twitter, with 13 KOLs following. 4.Twitter Hot Topics: DOGE (Token) — The original logo in the top left corner of the Twitter website has been replaced with the Dogecoin logo, leading to expectations of future announcements from Twitter regarding Dogecoin’s empowerment. The surge in DOGE has brought attention to other memecoins in the same category, such as Floki, SHIB, BONK, and others. BONK (Token) — BONK is the first dog-themed token on the Solana chain. With the recent bullish trend of Dogecoin, the token has shown relatively strong performance, with a 20% increase before experiencing a slight pullback. The memecoin market has been quite volatile lately, with high levels of hype, so investors should be aware of the market risks. NOM (Token) Onomy Protocol — The project started its public token sale on December 6th via a joint curve, after completing a $10 million funding round with investors including Bitfinex, GSR, and AVA LABS. The token sale is conducted on the Ethereum chain, with applications deployed on Cosmos. Yesterday, a tweet from the project said “Tick-Tock, DEXs”, hinting that the product may be launching soon. It’s worth keeping an eye on. 5.Regional Trending Searches: XEN (Token) — XEN is a free-minting project launched in November last year. The token performed well last week, with its price increasing 3x in five days, resulting in good wealth effects. The token is available for trading on Bitget. KIN (Token) — KIN is a project by Kin Ecosystem that provides each user with a unique in-game identity, and users can use the DApp to reward other users and create new crypto product experiences. The community traffic is good, and the token has performed well recently. Today it rose 30% before falling back. It is currently available for trading on Bitget. Bob Lee (KOL) — Bob Lee was a former Google software engineer responsible for the development of the Android system’s core APIs. He later founded the well-known mobile payment software Cash App and served as Chief Product Officer of the cryptocurrency startup MobileCoin. Bob Lee was stabbed to death in San Francisco in the early hours of April 4, local time. Main Body Written by: Bitget Research Data collection time: April 6, 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. Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 470,142 New active users of ETH: 78,718, with a daily increase of 2.15% Existing active users of ETH: 391,424, with a daily increase of 6.88% 1.1.2 New User Profile Core data: There were a total of 78,718 new active users on ETH yesterday, with a daily increase of 2.15% Popular Sectors Popular Projects Key Projects: OpenSea Seaport 1.4 (DApp) — OpenSea’s NFT aggregator, Gem, has been rebranded as OpenSea Pro, designed specifically for professional NFT users. OpenSea is also airdropping a total of 180,000 “Gemesis” NFTs to users, with over 75,000 already minted and a total trading volume of 2915 ETH. OpenSea has also announced plans to reward its community users with NFTs in the future. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 391,424, with a daily increase of 6.88% Popular Sectors Popular Projects Key Projects: Gemesis (NFT) — Gem has been renamed to OpenSea Pro and has airdropped NFTs to users. It is designed specifically for professional NFT users and has a total airdrop of 180,000 “Gemesis” NFTs. Due to a contract bug, the minting limit was reached when there were only 60,000 NFTs yesterday, causing the floor price to surge to 0.07 ETH. However, the developer fixed the issue, and the floor price is now 0.036 ETH. There have been over 75,000 NFTs minted, with a total trading volume of 2915 ETH and 44,167 holders. https://opensea.io/collection/gemesis 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 XEN (Token) — XEN has seen a 3x increase in price over the past week, currently experiencing a slight pullback with a 24-hour trading volume of $29 million. In an effort to promote deflation for $XEN, the XEN project team recently launched the DBXEN project, which can be obtained by burning XEN. Within just four days, 10.8 billion XEN tokens were burned on the Ethereum blockchain. MONKEYS (Token) — A memecoin with a community focus, and featured on Elon’s list. The price has been continuously declining over the past week, with a 24-hour trading volume of $1.3 million. It is essential to keep observing this project. https://www.dextools.io/app/en/ether/pair-explorer/0xc364ecf5a501983fe1deaa490d9d056397a0fbb0 KAIROS (Token) — A memecoin with only one tweet on its official Twitter account and low attention. The token price has seen a 7x increase in the past week and is currently experiencing significant fluctuations at a high level. The liquidity pool is $200,000, and the 24-hour trading volume is $910,000. It is essential to keep observing this project. https://www.dextools.io/app/en/ether/pair-explorer/0x4eb19b39376445aafd4896f8a752542a6cc6ee7a 1.2.2 Uniswap V3 SOV (Token) Shib Original Vision — SOV experienced significant growth one week after the contract was deployed, with prices remaining high. The liquidity pool is $3.85 million with a 24-hour trading volume of $5.85 million. $SOV represents the original vision of the Shiba Inu token, aiming to correct the corruption behind $SHIB by distributing $SOV fairly and transparently to the real members of the Shiba Inu token community. According to its tokenomics, 80% of the tokens will be airdropped to the Shiba community. Currently, airdrop claims are suspended and will be notified separately upon resumption. https://www.dextools.io/app/en/ether/pair-explorer/0x0318170609141bfdb38d20d1f1c5b5197670ecee PILOT (Token) — PILOT is a decentralized liquidity management platform based on the UNI V3 folk concept. It has benefited from the hype surrounding the expiration of UNI V3’s April market license, seeing an 80% increase in value, with a 24-hour trading volume of $1.2 million. https://www.dextools.io/app/en/ether/pair-explorer/0xb9abcf33069f2df034f3219b2ff10beca3321364 ZERO (Token) — A 0% interest borrowing and lending project designed for LSD. The product will be officially launched in April. Due to the upcoming Shanghai Upgrade, the token has experienced significant hype and has seen nearly a 4x increase from the bottom. It is currently experiencing some pullback, with a trading volume of $1.78 million in the past 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0xa80838d2bb3d6ebaed1978fa23b38f91775d8378 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,297,737 New active users on BSC: 157,282, with a daily increase of 1.26% Existing active users on BSC: 1,140,455, with a daily decrease of 1.64% 2.1.2 New User Profile Core data: There were a total of 157,282 new active users on BSC yesterday, with a daily increase of 1.26% Popular Sectors Popular Projects Key Projects: Pancakeswap V3 (DApp) — On April 3, Pancake officially launched the V3 version on both Ethereum and BNB Chain. V3 will introduce four different trading fee levels: 0.01%, 0.05%, 0.25%, and 1%, and will also introduce a feature to improve capital efficiency by allowing liquidity providers to concentrate funds within smaller price ranges. The platform will also launch a “VIP” trading reward plan based on trading volume and a position management feature. The news was retweeted by Binance CEO CZ, and current data from the BSC chain shows that the user interaction is close to that of V2. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,140,455, with a daily decrease of 1.64% Popular Sectors Popular Projects Key Projects: Hooked (DApp) — Since February, Hooked has held 12 Todamoon events, attracting over 480,000 participants through gamified testing and learning, live streaming experiences, and AI technology. The platform will launch a new event this Friday, and interest remains high. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 KAKI (Token) — This is a memecoin that experienced a significant increase in value before the launch of the Shib Layer2 testnet. It has a high level of on-chain trading activity and no significant contract risks. The project team has previously destroyed 90% of the tokens by sending them to a black hole address and has the ability to promote and hype the token. The project has gained significant attention, and the price briefly approached its historical high on April 4th and is currently fluctuating at a high level with a 24-hour trading volume of $1.8 million. https://www.dextools.io/app/en/bnb/pair-explorer/0x380442ce44276554c22e8e17c3c922b38d614e39 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 469,436 New active users on Polygon: 111,805, with a daily increase of 5.30% Existing active users on Polygon: 357,631, with a daily decrease of 2.89% 3.1.2 New User Profile Core data: There were a total of 111,805 new active users on Polygon yesterday, with a daily increase of 5.30% Popular Sectors Popular Projects Key Projects: SUIBG (Token) SUI Futures Bitget — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or join the SUIBG celebration on the Bitget trading platform to receive SUIBG. According to community users, SUI may hold a public offering on Coinlist on May 2nd. Tribuzz (NFT) — Tribuzz is an NFT issued by a service provider on Polygon, with an official Twitter account having 22,400 followers. It was recently launched, with a total of 7777 NFTs, a 24-hour trading volume of 95 ETH, and 3708 holders, indicating moderate popularity. https://opensea.io/collection/tribuzz 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 357,631, with a daily decrease of 2.89% Popular Sectors Popular Projects Key Projects: ZED RUN (DApp) — A horse racing game that has already launched, with 67,600 followers on Twitter and 141,000 monthly visits according to Similarweb. The majority of visitors are from the United States (45.7%) and the United Kingdom (34.51%). The game is very popular within its community. https://zed.run/ Pix_NFT (NFT) — The Planetix series NFT represents a collection of all the assets in the game that have utility value. It has over 180,000 holders and a total trading volume of 591 ETH. https://opensea.io/collection/planet-ix-assets/activity 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 TXAU (Token) — A cryptocurrency backed by real-world gold on a 1:1 basis. According to reports, the market cap of cryptocurrency stablecoins backed by gold has reached $1 billion. Recently, the price of gold has been performing well due to the expectation of risks regarding traditional finance and interest rate pauses, resulting in extreme popularity in the market. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 211,215 Arbitrum New Active Users: 36,079, with a daily decrease of 6.66% Arbitrum Existing Active Users: 175,136, with a daily increase of 8.62% 4.1.2 New User Profile Core data: There were a total of 36,079 new active users on Arbitrum yesterday, with a daily decrease of 6.66% Popular Sectors Popular Projects Key Projects: Arb Egg (NFT) — An NFT from Arbswap. It has 62,696 holders and a total trading volume of 0.24 ETH. The trading activity is relatively low. https://opensea.io/collection/arb-egg-1 Stargate Finance (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of OmniChain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). Due to the Arbi airdrop and LayerZero’s financing, the platform has seen strong user demand, with a TVL of $410 million and a weekly increase of over 8%. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 175,136, with a daily increase of 8.62% Popular Sectors Popular Projects Key Projects: Layerzero (DApp) — Recently, LayerZero completed a $120 million Series B funding round at a valuation of $3 billion, with participation from a16z and Sequoia Capital. According to on-chain data, LayerZero has accumulated over 770,000 holders, with active user interaction due to the anticipation of airdrops. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 ARB (Token) — After the Arbitrum AIP-1 proposal was rejected with a 76.67% opposition rate, the Arbitrum Foundation submitted two new proposals to expand ARB holders’ supervisory and governance powers. The first proposal is to place the remaining 700 million ARB of the foundation into “smart contract-controlled locking,” which will be unlocked within four years. The foundation will not be able to use the tokens until the community members approve the token allocation budget. The second proposal is to modify several governance parameters of the Arbitrum ecosystem. Currently, $ARB is oscillating at $1.1-$1.2 with no significant price fluctuations. PENDLE (Token) — Benefiting from the upcoming Shanghai Upgrade, as a strong performer in the LSDFi space, Pendle’s TVL has exceeded $50 million. In the past two days, KOLs on Twitter have recommended it and large holders have been buying, leading to a strong price trend. Its circulating market cap has reached $50 million and the 24-hour trading volume is $7.9 million. 5.DApp Ecosystem — All Chains Iskra (DApp) — Iskra is a blockchain gaming platform primarily built on Klaytn, bringing together gamers and game studios. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users will have the opportunity to be the first to explore new gaming projects through the platform’s Launchpad. On April 4th, Iskra partnered with Zealy (formerly Crew3) to conduct an airdrop activity that will last until April 17th. Participating users have a chance to receive 5,500 USDT + 5,500 $ISK tokens. Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of OmniChain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of Arbitrum airdrop, a large number of users are interested in obtaining Layerzero airdrop to participate in the use of Stargate. Gemesis (DApp) — OpenSea Pro, formerly known as Gem, was acquired by OpenSea in April 2022 and continues to operate as an independent product and brand. On April 5, 2023, OpenSea Pro announced that users who used Gem before March 31, 2023, are eligible to receive Gemesis NFTs, which can be directly minted on OpenSea. The announcement also revealed that Gem would officially be renamed as OpenSea Pro, leading the community to speculate that this is in preparation for future token issuance and signifies the intensification of competition between Blur and OpenSea. 6.DApp Ecosystem — ETH Chain Blur (DApp) — On April 5, the Blur platform traded 12,600 ETH, while OpenSea traded 4799 ETH. NFT market trading volume has remained stable lately, but Blur’s performance relative to BTC has been average, with a current price of 0.57 USDT. The short-term price of BLUR continues to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to stay updated on the development of its products. Bungee (DApp) — A cross-chain aggregator with high expectations for airdrops and overall operational popularity. The latest product was updated on March 9th, and the project has 64,300 followers on Twitter, with over 100 KOLs following. According to Similarweb, the platform receives 188,000 monthly visits, with the majority of visitors coming from Russia, the United States, Germany, Japan, and France. Recently, the project has seen increased user engagement due to the effect of the Arbitrum airdrop. 7.DApp Ecosystem — BSC Chain SECONDLIVE (DApp) — SecondLive is a Web3 Metaverse project based on the BSC that focuses on building a virtual social network and supporting creator economy activities. On April 4, it collaborated with BNBChain to launch an Easter egg activity with a total reward of $30,000 BEAN. The user engagement is good, with 385,000 followers on Twitter and over 120 KOLs following the project. Mobox (DApp): Mobox is a leading blockchain game project on the BSC chain that has introduced MODDragon NFT. The project uses AI technology for incubation and cultivation and has announced a major upcoming update through its official channels. Platform’s UAW activity continues to remain high. 8.DApp Ecosystem — Polygon Chain TaskON (DApp) — TaskON is a Web3-based task platform with 118,000 Twitter followers, including 80+ KOLs. The platform recently held events with other project teams, such as nuwaxyz, Guesslot, Web3Shot, and BinaryX. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. The project has received a good level of attention. 9.DApp Ecosystem — WAX Chain NeftyBlocks (DApp) is an NFT trading platform on the WAX blockchain. On March 28th, WAX conducted a blockchain update and released the Antelope tool, which provides a range of general tools, interfaces, APIs, and documentation resources to build Web3 games and other applications on WAX. Benefiting from the increased activity on WAX, the project has sustained UAW activity recently with no special events. 10.DApp Ecosystem — Solana Chain GameTrade Market (DApp) — This project is a multi-chain NFT marketplace that focuses on trading in-game assets. On April 3rd, the project announced its participation in Crew3’s gaming guild marathon event, which received over 2500 interactions. They have 10,000 followers on Twitter, with 13 KOLs following. 11.DApp Ecosystem — Arbitrum Chain GMX (Token) — Recently, there has been frequent on-chain activity by big whales for GMX. On April 6th, a whale pool bought 60,958 GMX, using 2568 ETH, at an average price of 80 USDT for each token. On March 14th, the same address spent 1851 ETH to buy 41,362 GMX at an average price of 79.2 USDT and also bought 6324 GMX from the Binance exchange. Currently, the address holds 108,644 GMX, and the whale continues to open positions in GMX. It is essential to stay updated on this token. 12.DApp Ecosystem — GameFi Sector Across All Chains Trickshot Blitz (DApp) — A billiards game built on Joyride, a blockchain gaming platform that offers high-quality mini-games for iOS and Android users. Currently, there are five games available on the platform, with six more games set to launch in the future. With its strong playability and simple interface, Joyride’s games have a high level of user engagement. According to Similarweb, the platform receives 54,800 monthly visits, with the majority of visitors coming from the Philippines. 13.Gas Fee Consumption — ETH Chain Otherside Vessel (NFT) — Metaverse project by Yuga Labs, Otherside, has initiated Koda NFT split and Vessel claiming. Only Otherdeeds holders who own Koda can split the NFT, but all Otherdeeds holders can claim a Vessel NFT. In a short period, it has already seen over 600 ETH in trading volume, indicating high trading activity. https://opensea.io/collection/otherside-vessels Gemesis (NFT) — Gem v2 has been renamed to OpenSea Pro, and users who have used Gem before March 31, 2023, will receive a “Gemesis” NFT airdrop. Users can claim this NFT for free until May 4th directly on the OpenSea official website. The current floor price is 0.0365 ETH. https://opensea.io/collection/gemesis 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Recently, they have been involved in joint promotional activities with Zetachain, Xterio, and DODO, which have generated a lot of community engagement. It is essential to stay updated on this project. 15.Gas Fee Consumption — Polygon Chain TriBuzz (NFT) — A recently completed PFP project that has had a successful NFT sale, generating FOMO among the community. The trading activity is extremely high, with an average of 1–2 transactions per minute. The total trading volume has already reached 94 ETH. https://opensea.io/collection/tribuzz LFi NFT (NFT) — Based on blockchain data, the project is airdropping this NFT series, but there is no trading information available on the secondary market. Additionally, the NFT image information cannot be displayed, indicating that it has no practical use or value for participation. 16.Gas Fee Consumption — Arbitrum Chain Layer Zero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without any intermediate chains or consensus mechanisms. Currently, the project has not yet issued its own token, but due to the effect of the Arbitrum airdrop, user interaction has increased significantly, with daily reposts on the chain increasing tenfold from around 5,000 in the middle of the month. Recently, the project completed a financing round of $120 million, and the wealth effect of future airdrops may be promising, so it is important to start engaging with the project. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: DOGE, MOB, USDC Newly listed tokens: FLOKI, APT, SHIB, BONK DOGE (Token) — The original logo in the top left corner of the Twitter website has been replaced with the Dogecoin logo, leading to expectations of future announcements from Twitter regarding Dogecoin’s empowerment. The surge in DOGE has brought attention to other memecoins in the same category, such as Floki, SHIB, BONK, and others. BONK (Token) — BONK is the first dog-themed token on the Solana chain. With the recent bullish trend of Dogecoin, the token has shown relatively strong performance, with a 20% increase before experiencing a slight pullback. The memecoin market has been quite volatile lately, with high levels of hype, so investors should be aware of the market risks. 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: ARB, BTC, ETH, USDT, XRP Builders mentioned the following tokens: ARB, NGT, ETH KMA (DApp) — A project on Calamari Network that uses zk-proof to ensure privacy and security, and in the same sector as Manta Network. As a project in the zk sector, there may be some hype opportunities in the near future with the gradual launch of the zkevm Layer2 network on the mainnet. It is essential to stay updated on this project. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, NOM, THOR NOM (Token) Onomy Protocol — The project started its public token sale on December 6th via a joint curve, after completing a $10 million funding round with investors including Bitfinex, GSR, and AVA LABS. The token sale is conducted on the Ethereum chain, with applications deployed on Cosmos. Yesterday, a tweet from the project said “Tick-Tock, DEXs”, hinting that the product may be launching soon. It’s worth keeping an eye on. 20.Google Trends — Global More frequently mentioned keywords in Google trending searches: XEN, KIN, AGIX, AVAX XEN (Token) — XEN is a free-minting project launched in November last year. The token performed well last week, with its price increasing 3x in five days, resulting in good wealth effects. The token is available for trading on Bitget. KIN (Token) — KIN is a project by Kin Ecosystem that provides each user with a unique in-game identity, and users can use the DApp to reward other users and create new crypto product experiences. The community traffic is good, and the token has performed well recently. Today it rose 30% before falling back. It is currently available for trading on Bitget. Bob Lee (KOL) — Bob Lee was a former Google software engineer responsible for the development of the Android system’s core APIs. He later founded the well-known mobile payment software Cash App and served as Chief Product Officer of the cryptocurrency startup MobileCoin. Bob Lee was stabbed to death in San Francisco in the early hours of April 4, local time. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: XEN, USDB, PIE Pakistan Trending Keywords: IDA, ETH b) Southeast Asia Region Philippines Trending Tokens: BTC, GRT, ETH, XEN, LINA, MATIC Indonesia Trending Tokens: KIN, MATIC Malaysia Trending Keywords: BTC price, Doge price, Xrp price Singapore Trending Keywords: Crypto prices c) East Asia and Hong Kong, Macau, and Taiwan Trending Tokens: QNT, WTK 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Airdrop Crypto, CMC, Etherscan, CGC, XEN b) English-speaking Countries USA Trending Keywords: Crypto CEO Dead Canada Trending Tokens: AAVE, PENDLE, NEXUS Australia Trending Tokens: IMPT, ETH, DOGE, KIN, NGS UK Trending Tokens: ETH, DYDX, BNB, CSPR, NEXUS Trending Keywords: Yahoo Finance, Crypto Mining App c) Europe Poland Trending Tokens: XRP, HEX, BTC Italy Trending Tokens: Elrond, HEX, XEN, KIN, ADA; Spain Trending Tokens: AGIX, SHB, AXS, XEN, CFX, FLOKI, AMP, VET, KIN France Trending Tokens: MINA, MATIC, C98, BETH Germany Trending Tokens: QNT, BTC, ETC, BTC, XEN 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: Coingecko, Crypto Bubbles South Africa Trending Tokens: AVAX, XEN, ELON Morocco Trending Keywords: Crypto Royale b) Middle East Trending Keywords: Cryptonews, Crypto Currency, Crypto Desk c) Latin America Brazil Trending Tokens: CRO, AGIX, APT, ADA Mexico Trending Tokens: AVAX, Elrond

Bitget Hot Takes (December 05 - December 11)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes last week can be found here. Central Themes • BGB momentum slowed down. • Two biggest events to watch for in the next few days: FOMC meeting (Dec 13-14) U.S. Senate FTX hearing with SBF (Dec 14). • The ripple effect of FTX collapse continued to spread. • More job cuts in tech. BGB Momentum Slowed Down Approximately one week after BGB made the record all-time high on October 21, 2022, there was a sharp decline in the accumulation trend, meaning traders took the opportunity to capitalise on gains from BGB. We have been in a phase of no-distribution zone ever since, with the original RSI index soon to reach the oversold level. In short, we can expect a new local peak in the short-term future, but until then, it’s extremely unlikely that there will be any radical move from BGB. For BGB’s price movements in the last few months, check out our BGB Sail series here: BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition Events To Watch For This Week The two key events for the week are: • The last FED meeting of 2022 on December 13 - December 14 and the interest rate decision on December 14; • FTX Hearing in the U.S. Senate with the testification of Sam Bankman-Fried (SBF) on December 13 Until there is a decision on the next interest rate hike, most cryptocurrencies will most likely be trading sideways with a lower volume than usual - an indication that traders have become less active during the FOMC blackout period. The current consensus is showing a projection of less than 0.75%, according to FedWatch Tool. Source: FedWatch Tool Meanwhile, the notorious SBF has confirmed that he’ll be testifying before the U.S. House on December 13 (Tuesday) to help shed light on the collapse of FTX, which has caused many big players in the crypto industry to go into limbo, if not to go bankrupt, thus capturing the attention of regulatory watchdogs. Crypto lender Genesis did not only have US$175 million stuck on FTX but also made loans to Alameda Research. And with Genesis being the official partner of the Gemini Earn program, the impact is enormous. A report by CoinDesk reveals that Genesis currently owes US$1.8 billion to their creditors, including US$900 million to Gemini users. Some other crypto players hit by the fall of FTX include M11 Credit (a pool delegate of Maple Finance), Maple Finance, Orthogonal Trading and Nexus Mutual. It turned out that the Sydney-based hedge fund Orthogonal Trading ‘have been operating while effectively insolvent’, therefore unable to pay back the US$10 million USDC loan to M11 Credit on Maple Finance and received a notice of default for four loans totalling US$36 million in the USDC and wETH pools. Maple Finance, of course, took the hit, with MPL (Maple Finance’s native token) down by -23.55% in the last seven days. Insurance products provider Nexus Mutual is expecting a 2,461 ETH (ca. US$3 million) loss due to their exposure to the wETH pool on Maple Finance. Off-shore crypto companies are being addressed by the European Commission with regards to reverse solicitation (i.e. passive servicing), that is, when foreign crypto asset service providers are contacted by EU residents themselves, without being affected by any promotion or publicity by such entities, and reporting on transactions of EU-based clients to tax authorities. Hong Kong has already passed the Amendment Bill 2022 that introduces a new licensing regime for virtual asset service providers, with tracking customers’ crypto purchases being one major requirement. The U.K. is set to announce new crypto regulations, which should be similar to the EU’s MiCA. It is meant to better protect the British from cases like FTX and provide clearer guidelines to support the development of the crypto industry in the region, in addition to the Edinburgh Reforms (keywords: innovation, technology people and businesses across the UK). A potentially good news is that the North Carolina Republican Patrick McHenry is selected as Chairman of the House Financial Services Committee. He has been a supportive fintech advocate and voicing his interest in crypto policies publicly on Twitter for quite some time. The Latest Bitget News Bitget Reserve Certificate is now live! You can access the reserve data of Bitget as a whole here and learn how to check your personal Merkle Tree by following the guide at the end of the page. Argentina has entered the Semi-final round with Messi already having scored four goals and two assists in Qatar 2022 for the team. Congrats to our Hero and we wish him a smooth ride to the final match! Show us the spirit by predicting the results of the next games and share ONE MILLION BGB as rewards! Sharing is caring: Seed, Bitget’s first and exclusive NFT collection, is launching, with the first batch directly distributed to FTT holders to assist them on this difficult transition. We are here to help the crypto community with unwavering dedication - check out our US$200 million Bitget Protection Fund and our US$5 million Builders’ Fund as well! Set a reminder not to miss our 10,000 BGB Scholarship for learners of Bitget SharkFin! Bitget SharkFin is our very-soon-to-be-launched new structured investment product that offers good yields at significantly lower risks. With Bitget SharkFin, investors can expect an APR floor - regardless of market conditions - and chances of earning even more if prices are to stay within the planned range during the lock-up period. We encourage our users to be conscious about any investing activity, thus the 10,000 BGB Scholarship is designed to help you earn by learning and making sensible subscriptions (only a small percentage) by luck! New Listings Spot Trading PRIMALUSDT PUMLXUSDT HOOKUSDT Futures Trading BATUSDT FOOTBALLUSDT MKRUSDT Good Reads Bitget SharkFin Introduction What Are Index Price, Mark Price, And Last Traded Price? How To Prevent P2P Trading Fraud What Is DCA? Inflationary vs. Deflationary Tokens Stop Loss Levels vs. Take Profit Levels Follow us for the latest updates: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Bites (August 30, 2022)

The global market cap is standing at US$981.57 billion, showing a 2.78% increase from yesterday and the 24-hour volume was up by 18.48% to US$64.55 billion. Our report on activities of the Spot Market and Futures Market are below: Spot Market Updates Bitcoin has been trading between US$19,767.95 and US$20,497.47 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$20,212.51, which is a 0.74% increase compared to Ethereum’s 1.63% increase. There has also been an increase (+13.89%) in the volume of our spot market. There has been an increase in the volume and price of altcoins over the past 24 hours, with some altcoins trading above the volume of US$1 billion, in order of market cap and volume we have BNB (+3.38%), XRP (+3.32%), and ADA (+4.56%). The highes t price and lowest price levels of BGB in the last 24 hours were US$0.15769 and US$0.15000, respectively. The Top 3 Gainers of The Day are beFITTER (FIU), Verasity (VRA), and Wrapped NXM (WNXM). 1st Place FIUUSDT: Up by 7.38% beFITTER is a web3 fitnessfi and socialfi app developed by VerseHub Global that aims to make a healthy lifestyle irresistible. beFITTER follows the trend of earning money, but in a more sustainable way. The goal of beFITTER is not to encourage users to run and earn in a circle of boredom. The primary goal of beFITTER is to create a healthy and balanced ecosystem that improves physical health through proper exercise and rest regimens. Almost all of the users' daily activities, including sleeping, are tracked and rewarded. With a current market cap of $862,642.41 and 24 hour trading volume of US$205,660.18, touching a high of US$0.019118 and a low of US$0.016370 in the past 24 hours, FIU is trading at a current market price of $0.018026. 2nd Place VRAUSDT: Up by 5.98% Verasity (VRA), founded on May 18, 2018, is the next generation of video-sharing, aiming to create a fair system for creators to earn from their work and advertisers to gain value for their ad spend. It accomplishes this through its proof-of-value (PoV) protocol, product layers, and platform esportfightclub.com, a pro-gaming streaming platform that features esports tournaments such as PUBG Mobile which, according to their whitepaper, is Verasity's most important use case. With a current market cap of $50,188,463.19 and a 24-hour trading volume of US$10,164.85, touching a high of US$0.005439 and a low of US$0.004345 in the past 24 hours, VRA is trading at a current market price of US$0.004840. 3rd Place WNXMUSDT: Up by 3.87% WNXM is the Nexus Mutual protocol's governance token. It is used to purchase insurance, vote on governance decisions, and take part in risk and claims assessments. It is also used to encourage capital provision and symbolizes ownership of the mutual's capital. The value of WNXM will rise in tandem with the mutual's capital pool. With a current market cap of $26,707,193.71 and a 24 hour trading volume of US$249,210.88, touching a high of US$16.3587 and a low of US14.8216 in the past 24 hours, WNXM is trading at a current market price of $15.9410. Meanwhile, the Top 3 Losers include: TUSDT">KNOTUSDT (-26.61%), ONITUSDT (-19.27%) and USDSPUSDT (-19.26%). Futures Market Updates Activities on Futures markets are expanding with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.26 billion, equivalent to a 1.91% increase from yesterday. The aggregated futures volume also saw an increase of 3.14% to US$164 billion in the last 24 hours. Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounted for 68% of the total OI, now standing at US$2.91 billion, a 2.11% increase from the previous day. The daily volume of Bitcoin contracts increased by 17.67% to US$189,673.30. The last cycle of funding rate (-0.0038%) demonstrates a weak buy signal. Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, bearish at 47.89%/52.11%. Most BTC long ETFs locked in a price increase on Monday, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$38.55 from the opening price of US$38.83. Interesting Topics Understanding the Layers of Blockchain What is Social Trading? Bitget Hot Takes (August 22 - August 28) Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram