Phantom (PHANTOM) news

Phantom Wallet: A Beginner’s Guide to Solana’s Most Popular Crypto Wallet

When using cryptocurrency, having a secure and user-friendly wallet is essential. For those exploring the Solana blockchain, Phantom Wallet stands out as a top choice. This guide will walk you through what Phantom Wallet is, its key features, and how to use it effectively. What Is Phantom Wallet? Phantom Wallet is a non-custodial cryptocurrency wallet designed primarily for the Solana blockchain. Being non-custodial means that you have full control over your private keys and, consequently, your digital assets. Phantom allows users to store, send, receive, and manage Solana-based tokens and NFTs, as well as interact with dApps on the Solana network. Key Features of Phantom Wallet 1. User-Friendly Interface Phantom Wallet boasts an intuitive and clean interface, making it accessible for both beginners and experienced users. Its design simplifies the process of managing digital assets, ensuring a smooth user experience. 2. Multi-Chain Support While Phantom was initially developed for Solana, it has expanded to support other blockchains, including Ethereum, Polygon, and Bitcoin. This multi-chain capability allows users to manage various assets within a single wallet. 3. Built-In Token Swaps Phantom Wallet features an integrated swap function, enabling users to exchange Solana-based tokens directly within the wallet. This eliminates the need for third-party exchanges, streamlining the trading process. 4. NFT and DeFi Compatibility Phantom Wallet supports the storage and management of NFTs, allowing users to view, send, and receive their digital collectibles. Additionally, it facilitates interaction with various DeFi platforms on the Solana network. 5. Security Measures Security is a top priority for Phantom Wallet. Users can enhance their wallet's security by integrating hardware wallets like Ledger. Moreover, Phantom provides users with a secret recovery phrase during setup, which is crucial for account recovery. How to Use Phantom Wallet Step 1: Download and Install ● Desktop Users: Visit Phantom's official website and download the browser extension compatible with Chrome, Firefox, Edge, or Brave. ● Mobile Users: Download the Phantom Wallet app from the App Store or Google Play Store. Step 2: Create a New Wallet ● Open the Phantom extension or app. ● Click on "Create New Wallet," and set a secure password. ● Save the secret recovery phrase provided. This phrase is essential for recovering your wallet if you forget your password or lose access to your device. Step 3: Add Funds to Your Wallet ● Click on the "Deposit" or "Receive" button. ● Copy your wallet address or scan the QR code. ● Use this address to transfer funds from another wallet or exchange. Step 4: Send and Receive Tokens ● To Send: Click on "Send," enter the recipient's wallet address, specify the amount, and confirm the transaction. ● To Receive: Click on "Receive," and share your wallet address or QR code with the sender. Step 5: Swap Tokens ● Navigate to the "Swap" tab within the wallet. ● Select the tokens you wish to exchange. ● Enter the amount and confirm the swap. Step 6: Manage NFTs ● Access the "Collectibles" section to view your NFTs. ● You can look up, send, receive, and manage your NFTs directly within this section. Step 7: Stake SOL Tokens ● Select your Solana token balance within the wallet. ● Tap the "Start earning SOL" button. ● Opt for Native Staking. ● Pick a validator from the list. ● Enter the amount of SOL you’d like to stake, then click "Stake" to complete the process. Phantom Wallet on Solana Mobile Phantom Wallet's mobile application offers the same functionalities as its desktop counterpart, optimized for on-the-go access. Users can manage their assets, interact with dApps, and perform transactions seamlessly from their mobile devices. The mobile app also includes a built-in browser, enhancing the user experience when exploring decentralized applications. Security Tips ● Protect Your Recovery Phrase: Store your secret recovery phrase in a secure location, and never share it with anyone. ● Use Hardware Wallets: For added security, consider integrating a hardware wallet like Ledger with Phantom. ● Stay Updated: Ensure your Phantom Wallet app or extension is always updated to the latest version to benefit from security patches and new features. ● Beware of Phishing Attacks: Only download Phantom Wallet from official sources and be cautious of unsolicited messages or links. 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.

The Full Stack of a Memecoin: Token Launch, Platform Selection, and Memecoin Pairing

The memecoin market is no longer a fringe segment of crypto. It has become a multi-billion-dollar force constantly reshaping community engagement, trading culture, and viral economics. What started with Dogecoin and Shiba Inu has evolved into an ecosystem where any internet-native idea can be monetised, traded, and celebrated by thousands of users in a matter of hours. This evolution has been powered by three interconnected layers of memecoin infrastructure: token launch mechanics, platform selection, and liquidity through memecoin pairing. Together, these layers form what can be called the "full stack" of a memecoin. To understand how memecoins succeed—or fail—you must explore the full lifecycle from creation to market integration. This guide will dive deep into how each layer functions, why it matters, and how to navigate it strategically. Token Launch: How to Make a Coin on Pump.fun The foundation of every memecoin is its launch. No tool is more synonymous with memecoin creation than Pump.fun. This platform has radically simplified token creation by offering a no-code, permissionless launchpad powered by the Solana blockchain. Launched in early 2024, Pump.fun has facilitated the creation of over 6.4 million tokens, generating more than $600 million in revenue. It enables anyone with a wallet and a few dollars' worth of SOL to go from idea to tradable token within minutes. Creating a coin on Pump.fun begins with a user connecting a Solana-compatible wallet like Phantom or Solflare to the platform. From there, the user chooses a name, a ticker symbol, an image, and optionally, a description. For a small fee of around 0.02 SOL, the token is deployed and immediately enters the bonding curve pricing system. The bonding curve is central to Pump.fun's model. Instead of relying on order books or market makers, token prices on Pump.fun increase dynamically based on the number of tokens purchased. Early buyers benefit from lower prices, while later buyers pay more. This system incentivises rapid engagement and speculative trading, often fuelling viral growth in the earliest stages of a memecoin's life. When a token reaches a market cap of $69,000, a major milestone is triggered. Pump.fun injects $12,000 of liquidity into Raydium (or Uniswap if launched on Base) and burns the corresponding LP tokens. This step stabilises the token's market and marks its transition from bonding curve speculation to broader ecosystem tradability. Source: Pump.fun The simplicity and virality of this process have made Pump.fun the top choice for memecoin creators. No coding is needed, no presales are allowed, and no team allocations exist, thus ensuring fair launches. The model is built on transparency and speed, making it a breeding ground for both creative experiments and speculative frenzies. Platform Selection: Choosing the Best Memecoin Platform While Pump.fun has become the default launchpad, it's not the only player in the memecoin space. Several platforms compete for mindshare, liquidity, and creator loyalty. Choosing the right platform is also about community, visibility, liquidity support, and long-term potential, rather than mere launching mechanics. Most Popular Memecoin Platforms Platform selection should be guided by your project's target audience, marketing channels, and long-term goals. ● Pump.fun remains the market leader due to its simplicity, fair launch model, and native integration with Solana and Base. Its bonding curve mechanism and seamless transition to Raydium or Uniswap make it the most complete one-stop-shop for memecoin creators. ● Moonshot, for example, has positioned itself as a mobile-first, Web3-onboarding platform that integrates traditional payment methods like Apple Pay and credit cards via MoonPay. It exploded in popularity with politically-themed tokens like $TRUMP and $MELANIA, reaching market caps in billions. Moonshot appeals to a broader, less crypto-native audience and excels at fiat on-ramps and mobile UX. ● SunPump, built on TRON, offers extremely low-cost launches and has gained traction with support from Justin Sun and a $10 million incentive program. While it lacks the cultural dominance of Pump.fun, its aggressive growth strategy and near-zero fees make it attractive for high-volume creators. ● Move Pump focuses on the Sui and Aptos ecosystems. It introduces gamified mechanics, NFT integrations, and community DAOs to drive engagement. Although it serves a smaller niche, Move Pump is ideal for those looking to build unique cross-chain or game-connected meme assets. Matching Platforms with Communities Different memecoin platforms cater to different types of communities: ● Political and Celebrity-Focused Communities: Platforms like Moonshot excel in launching politically charged or influencer-backed tokens. Their fiat on-ramp and mobile-friendly interface appeal to normies and mainstream audiences who may not be crypto-native. ● Crypto-Native Traders and Meme Enthusiasts: Pump.fun is the go-to for seasoned Solana users and internet meme culture aficionados. Its fair launch system and bonding curve reward fast movers and early community builders. ● High-Volume Launchers and Iterators: SunPump is ideal for users who want to rapidly test and launch multiple tokens due to its ultra-low fees and rapid deployment model on TRON. Source: SunPump ● Builders and Gamers: Move Pump caters to those looking to integrate NFTs, DAO mechanics, or play-to-earn experiences into their memecoins. Its niche audience values interactivity and experimentation over immediate virality. In summary, Pump.fun remains unmatched for rapid virality and exposure. For those seeking the best memecoin platform, it offers the most complete lifecycle solution, from fair launch to deep liquidity. Memecoin Pairing: The Liquidity Layer Once a memecoin is launched and begins gaining traction, its long-term survival depends on liquidity. This is where memecoin pairing comes into play. What Is Memecoin Pairing? Memecoin pairing refers to how a memecoin is listed and traded against another asset on decentralised exchanges (DEXs). For instance, a (MEME)/SOL pairing means the token is tradable against Solana, while (MEME)/USDC pairs it with a stablecoin. Common pairings include (MEME)/SOL, (MEME)/USDC, and (MEME)/WETH. The pairing determines not only the liquidity available for trading but also the volatility and ease of access for new buyers. Why Memecoin Pairing Matters Memecoin pairing is a critical step toward transforming your token from a short-lived meme into a durable asset with real market reach. Thoughtful pairing choices are strategic moves that shape how and by whom your memecoin is accessed, traded, and valued. ● Price Discovery: Pairings allow the token to be traded on decentralised exchanges beyond the confines of the bonding curve. This opens the door to real-time, market-driven price determination where the token's value reflects broader buyer and seller sentiment, not just curve dynamics. It also introduces arbitrage opportunities between the bonding curve and the external market. ● Liquidity and Trading Efficiency: Deep liquidity within a given pair (especially with base assets like SOL, ETH, or USDC) ensures that users can enter and exit positions with minimal slippage. Higher liquidity also enables larger trades, which attract more sophisticated traders and bots that can help generate organic volume and price momentum. ● Market Visibility: Tokens with standardised and recognisable pairings like (MEME)/SOL or (MEME)/USDC are more likely to be picked up by market aggregators, token tracking dashboards, and trading tools such as DEX Screener, GeckoTerminal, and Birdeye. These platforms boost discoverability and increase chances of secondary exposure through social media, influencers, and community shillers. ● Audience Targeting: Different pairings attract different demographics. SOL and ETH pairings appeal to seasoned crypto-native traders who are comfortable managing volatility and using DEXs. USDC or other stablecoin pairings, however, attract users who prefer lower volatility and more predictable price movements. These traders may include newer crypto participants or those interested in memecoins as collectibles or novelty investments rather than speculative trades. ● Cross-Chain and Multi-Platform Strategy: In some cases, projects create multichain versions of their tokens to tap into diverse liquidity pools and community segments. A token might launch on Pump.fun (Solana), mirror itself on Moonshot (Solana/ETH), and eventually list on a CEX with a USDT pairing. This broadens exposure, decentralises liquidity, and helps the project reach multiple market demographics across ecosystems. ● Stablecoin Anchoring: Establishing USDC or USDT pairs on additional DEXs helps stabilise token pricing and reduces volatility, which is appealing to traders seeking less speculative exposure. This approach also makes it easier for centralised exchanges to consider listing the token due to recognisable and consistent pricing. ● Community-Led Liquidity Pools: Encouraging token holders to contribute to liquidity pools can deepen market depth and promote ownership. Incentives such as staking rewards, governance voting rights, or exclusive NFT drops can drive participation and transform passive holders into active stakeholders. Conclusion: Building and Scaling Memecoins in 2025 The memecoin economy has matured into a self-contained market system with its own rules, infrastructure, and success paths. What was once a joke is now a serious business, albeit still one built on humour, virality, and community culture. To thrive in this space, creators and traders alike must understand the full stack: ● Launch tokens efficiently using platforms like Pump.fun (yes, even if you're just wondering how to make a coin on Pump.fun) ● Choose the right platform based on strategic fit, not just trends, especially if you're hunting for the best memecoin platform ● Pair the token effectively to enable real liquidity and trading volume—your success depends on smart memecoin pairing. Memecoins are now about more than just timing the next hype cycle. We are talking about creating internet-native assets that can scale, engage, and evolve. With the right launch mechanics, platform strategy, and pairing model, any idea—no matter how absurd—can become the next billion-dollar coin. The full stack is your roadmap. Now go build. 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 guidance. Qualified professionals should be consulted prior to making financial decisions.

What Is PAWS (PAWS)? Exploring the Telegram Project Bridging TON and Solana

Not long ago, Telegram was just a messaging app. Now, it’s becoming a launchpad for viral crypto projects—and PAWS is one of the biggest to emerge. Built as a Telegram-based mini-app, PAWS lets users earn tokens for completing simple tasks like joining channels or referring friends. No complex tools, just your Telegram account and a few taps. Originally built on TON, the project quickly outgrew its starting point as millions of users joined in. To keep up with demand and expand beyond Telegram’s limits, PAWS migrated its token to Solana. This article explores what PAWS is, how the project works, who created it, and everything you need to know about PAWS. What Is PAWS (PAWS)? PAWS (PAWS) is a SocialFi project that rewards users for their engagement on Telegram. Through a tap-to-earn system, users collect PAWS points by joining discussions, reading content, completing tasks, and referring others. The project quickly went viral, reaching over 85 million users and connecting more than 35 million wallets within just a few months. Initially built on Telegram’s native blockchain, TON, PAWS became a hub for crypto engagement across various communities. It later migrated to the Solana network to support higher performance and broader ecosystem integration. Notably, PAWS achieved this level of adoption without any venture capital backing or paid marketing campaigns. Its growth has been entirely organic, driven by community coordination and user activity—positioning it as a standout project in the SocialFi space. Who Created PAWS (PAWS)? PAWS was created by the team behind other popular Telegram mini-apps like Notcoin and DOGS. What VCs Back PAWS (PAWS)? Despite the mystery surrounding its creators, PAWS has gained strong supporters, including Phantom Wallet, Magic Eden, Raydium, Jupiter, Solana Foundation, and Blum. How PAWS (PAWS) Works How to Use PAWS PAWS operates on a simple model: engage and earn. Users participate in Telegram communities and complete various in-app activities to earn PAWS points. These points are set to convert into $PAWS tokens, with the token launch scheduled for March 18, 2025. Key Features of PAWS: Earn Rewards: Users collect PAWS points by joining discussions, reading content, and completing mystery tasks within Telegram. Wallet Support: Initially built for TON wallets, PAWS now supports Phantom Wallet for Solana users following its migration. Leaderboard & Voting: Users can compete for leaderboard rankings and vote on community decisions, promoting active involvement. Referral System: Each user earns 10% of the PAWS points accumulated by their referrals. NFT Integration: PAWS launched NFT vouchers on Magic Eden (Solana), generating over 100,000 transactions and expanding its utility beyond points. Unlike many crypto projects that rely heavily on speculation, PAWS emphasizes consistent, meaningful engagement. By encouraging daily interaction through a mix of content, tasks, and community tools, PAWS aims to build a more sustainable SocialFi ecosystem. Why PAWS moved from TON to Solana PAWS originally launched on the TON blockchain, which is closely integrated with Telegram. However, a major policy shift by Telegram changed the direction of the project. Telegram began requiring all Mini Apps to operate exclusively on the TON ecosystem, effectively preventing projects from expanding beyond that chain. Faced with a choice—stay within Telegram’s controlled environment or move to a more open ecosystem—PAWS chose to leave. The team deleted its Telegram Mini App and channel, opting instead to migrate the project to Solana. This allowed PAWS to maintain multichain flexibility and operate independently of centralized restrictions. The impact of this decision was significant: Over 9 million new Phantom Wallet downloads, making it one of the most downloaded crypto apps globally More than 1 million newly funded Solana wallets, many from first-time crypto users Increased traffic to Solana-based apps, showing that Telegram’s retail-heavy audience could successfully transition to a decentralized blockchain By moving to Solana, PAWS positioned itself for long-term growth, broader utility, and access to a larger, more decentralized user base—without being limited by platform-specific rules. PAWS Goes Live on Bitget PAWS isn’t slowing down. After building a massive community on Telegram and making a bold move to Solana, the project is now expanding its vision. The team plans to integrate with Ethereum and Layer 2 networks, while also developing new features around DeFi and gaming—like staking, liquidity pools, and in-game rewards. There’s even talk of PAWS growing into a full Web3 brand, taking inspiration from projects like Bored Ape Yacht Club, which evolved from NFT collectibles into a global name. In a space where many projects fade after the hype, PAWS is pushing forward with a broader strategy. Its move from TON to Solana wasn’t just technical—it was a statement about control, flexibility, and the future of decentralized platforms. The message is clear: PAWS sees SocialFi not as a passing trend, but as the foundation of something bigger. Trade PAWS on Bitget Pre-Market and seize the opportunity now! PAWS on Bitget Pre-Market PAWS 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! Start time: 10 March, 2025 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. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading. Get PAWS 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.

PAWS Telegram Airdrop and Listing Date Confirmed for March 18, 2025: Everything You Need to Know

If you’ve spent any time on Telegram lately, you might’ve heard people talking about PAWS. It’s one of those simple, tap-to-earn apps that’s popped up, and it’s already attracted over 85 million users in a short time. With its airdrop and official token listing set for March 18, 2025, many are wondering if this could be the next big opportunity in the crypto world. Whether you’re thinking about joining or just want to understand what PAWS is all about, this guide covers everything you need to know—without the hype. What Is PAWS? PAWS is a Telegram-based mini-app developed by the team behind previous successful Telegram games like Notcoin and DOGS. It offers users a way to earn digital rewards by completing tasks and engaging with the Telegram platform. The app operates as part of the “tap-to-earn” trend. Users perform simple tasks—such as joining Telegram groups, following channels, and inviting friends—and earn points called PAWS Points. These points are expected to be converted into PAWS tokens during the token generation event. Initially built on the TON blockchain, PAWS has recently expanded to Solana to maintain flexibility after Telegram introduced a requirement that mini-apps operate exclusively on TON. The move to Solana allows PAWS to tap into a broader blockchain ecosystem while continuing to grow its user base. Key Features of PAWS Simple User Experience: PAWS works directly within the Telegram app. No external downloads are required, making participation straightforward. Task-Based Rewards: Users earn points by completing various in-app tasks. These include joining specific groups, participating in events, and referring others. Referral Incentives: PAWS has a built-in referral system. You can invite friends and earn 10% of their rewards as a bonus. Migration to Solana: PAWS' recent shift to the Solana blockchain enables cross-chain functionality, expanding the project beyond the TON ecosystem. NFT and Marketplace Participation: PAWS users can interact with Solana NFT marketplaces like Magic Eden, where PAWS NFT vouchers have already seen significant activity. Upcoming Airdrop: What You Need to Know PAWS Moves to Solana After Telegram deleted the PAWS channel and the team removed their MiniApp, PAWS had to make a decision about where to go next. They chose Solana as their new home. The project took what’s been called the largest organic user funnel in crypto and brought it over to Solana. Within just two days of integrating Phantom Wallet, PAWS helped push the Phantom app to the top of the App Store charts worldwide, bringing in over 9 million new downloads. Since the move, PAWS has focused on building value for its users, rather than relying on short-term hype. By the time the token generation event (TGE) takes place, PAWS has already funded over 1 million wallets, a number that stands out when compared to other projects like TRUMP, which had around 400,000 funded wallets. Token Launch and Airdrop Details The PAWS token (PAWS) will officially launch on March 18, 2025. On the same day, the airdrop will go live, allowing eligible users to claim their tokens. Eligibility: Anyone who actively used the PAWS app, completed tasks, and connected a TON-compatible wallet before the snapshot on December 30, 2024, qualifies for the airdrop. Distribution: 62.5% of the total supply is reserved for PAWS app users—both current and future participants. Another 7.5% is allocated to Solana OG communities. Trading: PAWS will be available on both decentralized exchanges (DEX) and centralized exchanges (CEX) on March 18, 2025. PAWS Tokenomics Explained PAWS has a total supply of 100 billion tokens. The tokenomics is built with a strong focus on community distribution and long-term incentives. 62.5% of tokens are going to PAWS app users, covering both current rewards and future airdrops. 7.5% is reserved for established Solana communities (referred to as Solana OGs). The remaining percentage supports ecosystem growth, partnerships, and liquidity. PAWS has also made waves in the NFT space. Their PAWS Vouchers have seen over 165,000 trades, making them the #5 all-time NFT collection on Solana. The project continues to trend #1 on Phantom, with high levels of activity even before the token launch. PAWS (PAWS) Is Listed on Bitget Pre-Market We’re excited to share that PAWS (PAWS) is now live on Bitget Pre-Market! This exclusive listing gives users a head start to trade PAWS before it launches on the spot market. Pre-Market Trading Schedule Start Time: March 10, 2025, at 15:00 (UTC) End Time: To be announced Spot Trading Launch: Coming soon Delivery Start and End: To be announced Pre-Market Trading Pair: PAWS/USDT Why Trade PAWS on Bitget Pre-Market? Bitget Pre-Market lets you trade tokens before they officially launch. This early access provides a chance to enter the market before broader trading begins. It’s ideal for users who want to secure their position early and stay ahead of the crowd. Get PAWS (PAWS) on Bitget Pre-Market now! Conclusion The PAWS airdrop and official token launch are scheduled for March 18, 2025, with pre-market trading already available on Bitget. Many users have been waiting for this moment to claim their tokens and trade early. As PAWS goes live on both centralized and decentralized exchanges, all eyes are on its market debut. Will the price of PAWS meet expectations or surprise investors when trading begins? Sign Up With Bitget Today and Be Ready To Trade PAWS! 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.

Ancient8 (A8): Pioneering Web3 Gaming and the Metaverse

What is Ancient8 (A8)? Ancient8 (A8) is a Web3 gaming infrastructure protocol that offers the necessary software and community tools for GameFi and the broader Metaverse. It aims to empower the next generation of Metaverse citizens by providing tools and infrastructure that facilitate blockchain gaming and Web3 development. Ancient8 is focused on creating an inclusive and rewarding gaming environment by using blockchain technology. Ancient8’s vision is to empower the next 100 million Metaverse citizens. This vision has been the driving force behind its growth from a gaming guild to a comprehensive gaming infrastructure. By building a modular blockchain that prioritizes scalability, low gas fees, and exceptional user experiences, Ancient8 is setting the stage for mass adoption of Web3 gaming. Who Created Ancient8 (A8)? Ancient8 was co-founded by Howard Xu and a team of visionary leaders in the blockchain and gaming sectors. What VCs Back Ancient8 (A8)? Ancient8 has received significant support from various venture capital firms and investors. The organization has raised a total of $10 million in financing by prominent investors such as Pantera, Makers Fund, Dragonfly Capital, Animoca Brands, 6th Man Ventures, IOSG Ventures, Folius Ventures, and Morningstar Ventures, etc. How Ancient8 (A8) Works Ancient8 operates on several fronts, providing infrastructure, community tools, and educational resources to facilitate the growth of GameFi and the Metaverse. Here’s a closer look at the key components of Ancient8. Ancient8 Chain Ancient8 Chain is a Layer 2 blockchain built on the OP Stack and enhanced with Celestia, specifically tailored to address the scalability and adoption challenges faced by Web3 gaming and consumer DApps. The chain's key features include a modular design that uses a microservices architecture, allowing for seamless integration and updates. It leverages Optimistic Rollups and state channels to enhance transaction throughput and reduce congestion, ensuring scalability and throughput. The chain also maintains EVM compatibility, allowing smart contracts written for Ethereum to be executed without major modifications. Additionally, it prioritizes low gas fees, making transactions more affordable and facilitating user engagement with blockchain-based games and applications. Growth Layer Suite Ancient8 offers a comprehensive Growth Layer suite of products designed to support every stage of game development and marketing. This suite includes: ● Dojo Marketplace: A dedicated NFT marketplace for top-tier Web3 game projects. ● Space3: A game publisher and launchpad that helps bring Web2 and Web3 games to market. ● Ancient8 Gaming: A global hub for game discovery, community building, and in-real-life events. ● ReneVerse: Provides innovative in-game advertising through its proprietary Borderless Ads engine. ● A8ID: Allows users to own their gaming identity and social graph in a decentralized manner. Community and Education Ancient8 has built a vibrant community of over 200,000 members, providing GameFi education through various platforms like the Ancient8 Blog, Twitter, Discord, and the Ancient8 Research Portal. This community-centric approach helps in spreading blockchain knowledge and creating an engaged user base. Ancient8 also manages the largest blockchain gaming guild in Vietnam, with over 3,500 scholars using its guild management software. The organization has partnered with more than 25 top-tier GameFi projects, including Axie Infinity, CyBall, Phantom Galaxies, and many others. These partnerships help Ancient8 provide scholarships and educational opportunities to blockchain gamers worldwide. Decentralized Governance and The Ancient8 Foundation Ancient8 operates under a decentralized governance model, giving decision-making power to its community. Through token-based voting, token holders can propose and vote on important decisions that shape the future of the ecosystem. The A8 token is central to the Ancient8 ecosystem, offering a range of utilities, including participation in decentralized governance. The Ancient8 Foundation, a collaborative effort involving core partners and thought leaders in the Web3 gaming space, focuses on fostering adoption of Ancient8 Chain and its decentralized governance. Key initiatives include supporting talented developers through grants, building alliances to strengthen the ecosystem, deciding how resources are allocated, and influencing the direction of products and services. The A8 Token A8 is the native token of the Ancient8 Protocol. Besides granting holders the power of governance, A8 allows users to take part in various in-game purchases, and NFT minting. It also provides exclusive access to special events, early releases, and product-specific content, as well as rewards and benefits to stakers, such as premium in-game perks and prioritized launch access. A8 Goes Live on Bitget With strong backing from leading venture capital firms and a dedicated team of visionaries, Ancient8 is well-positioned to drive mainstream adoption of Web3 gaming. With A8, you gain access to exclusive events, in-game transactions, and the ability to influence the future of the Ancient8 Chain. By trading A8 on Bitget, you can be part of a vibrant ecosystem that emphasizes decentralized governance, innovative gaming experiences, and community-driven growth. Join Bitget now and start trading A8 to participate in this growing protocol. How to Trade A8 on Bitget Listing time: 17 July 2024 Step 1: Go to A8USDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade A8 on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Layer3 (L3): Revolutionizing Crypto Experiences with Interactive Engagement

What is Layer3 (L3)? Layer3 (L3) is a platform dedicated to building interactive and educational experiences in the crypto space. It serves as a portal to the crypto universe, guiding users through various actions and rewarding them for their participation. The platform's main feature, Quests, allows users to engage in a series of steps or actions, both on-chain and off-chain, to earn rewards such as tokens, NFTs, Discord roles, XP, achievements, and mystery boxes. Layer3 aims to make learning about and interacting with crypto fun, rewarding, and accessible. Currently Layer3 enjoys over 800,000 unique users and more than 25 million on-chain actions. Who Created Layer3 (L3)? Layer3 was created by a talented and diverse team of innovators passionate about making the crypto experience simpler and more engaging for users. The team is led by Dariya Khojasteh, the Co-Founder and CEO, and Brandon Kumar, the Co-Founder and COO. Their leadership is complemented by Yahya El Asmar, the Product Manager, and Ehsan Abbaszadeh, the Head of Growth. What VCs Back Layer3 (L3)? Layer3 has garnered significant attention and support from notable investors in the crypto space. It is backed by leading venture capital firms and industry figures, including ParaFi, Lattice, Electric Capital, Sandeep Nailwal, Kain Warwick, and Balaji Srinivasan. This strong backing underscores the confidence these investors have in Layer3’s potential to transform user engagement in the crypto world. How Layer3 (L3) Works Layer3 operates through a unique framework centered around Quests. Quests on Layer3 are bite-sized interactive experiences where users take a series of actions to receive instant rewards. Each Quest consists of multiple steps, known as Actions, which can be either off-chain or on-chain. ● Educational and content-based actions might include reading articles about crypto topics or products, taking quizzes to test understanding, or visiting external links to learn more. ● On-chain actions can involve interacting with smart contracts, such as swapping tokens on Uniswap or participating in governance votes, verifying tokens or NFTs in users' wallets, or encouraging the use of specific wallet applications like Phantom. ● Social actions could require users to engage on Twitter by following accounts, tweeting, liking, or retweeting posts related to the Quest, or verifying membership in specific Discord servers or Telegram channels. ● Other actions might include wait steps, where users must wait for a certain period before proceeding, or custom REST integration to track specific actions through an API endpoint. Rewards are a key motivator for users to complete Quests, and Layer3 supports various reward types. ● On-chain rewards include instant and gasless distribution of tokens and NFTs across major EVM chains like Ethereum, Polygon, Arbitrum, and more. ● Social rewards offer privileged community access through Discord roles. ● Meanwhile, gamified rewards include XP, achievements, and mystery boxes to enhance user engagement and retention. Layer3 provides the ability to embed Quests and Journeys directly into websites or web applications. This feature allows crypto product builders and content creators to integrate interactive content with minimal development effort. By embedding these elements, creators can engage, entertain, and reward users effectively, thereby enhancing user retention and satisfaction. L3 Goes Live on Bitget Layer3 aims to scale its user base further and integrate with more blockchain ecosystems. The platform currently supports 25 blockchains and plans to expand this number, bringing in more users and enhancing interoperability. Layer3 also has plans to introduce a new chain with token earning opportunities. This will allow users to effortlessly earn tokens by achieving usage milestones and generating network effects, further solidifying Layer3 as a premier platform for crypto engagement. Moreover, Layer3 is dedicated to unifying user identities across ecosystems through interoperable credential infrastructure, while introducing innovative solutions regarding rewards and user engagement. With the platform poised for significant growth and expansion into new blockchain ecosystems, trading L3, the native token of Layer3, provides access to a thriving community and the potential for rewarding opportunities. Start trading L3 on Bitget today! L3 on Bitget Launchpool - Stake BGB, USDT and L3 to mine 5,350,000 L3 Staking period: July 30, 10:00 – August 9, 10:00 (UTC) Staking pool 1: BGB pool 2,675,000 L3 (50%) Maximum BGB staking limit 20,000 BGB Minimum BGB staking limit 50 BGB Staking pool 2: USDT pool (*new users only) *Staking pool 2 eligibility: New users who sign up after July 27, 03:00 (UTC). 2,140,000 L3 (40%) Maximum USDT staking limit 2,000 USDT Minimum USDT staking limit 50 USDT Staking pool 3: L3 pool 535,000 L3 (10%) Maximum L3 staking limit 5,720,000 L3 Minimum L3 staking limit 350 L3 Check out more details here. STAKE 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.

Middle East – The Rising Star of the Crypto Market

Overview The Middle East is an emerging market for cryptocurrencies, with around 500,000 daily traders at present. In terms of regulatory environment, the UAE has the most crypto-friendly policies, while other Middle Eastern countries are gradually refining their policies, shifting from initial bans to compliance. In terms of chain preferences, Middle Eastern users are interested in participating in decentralized projects, familiar with on-chain DEX tools, and willing to engage in the metaverse, games, and on-chain task platforms, with a significant increase in on-chain users in recent years. In terms of trading preferences, institutional users in the Middle East primarily invest in core crypto assets like BTC, while retail investors have a wider range of interests and are willing to speculate on memecoins. In terms of centralized exchange preferences, there has been a fluctuating upward trend in traffic to centralized exchanges in the Middle East over the past year, indicating a higher demand among Middle Eastern users for centralized exchanges compared to decentralized ones. For decentralized exchanges, Middle Eastern users primarily utilize leading decentralized exchanges on various chains such as Uniswap and PancakeSwap. The most commonly used wallets include TrustWallet, Metamask, Phantom, Coinbase Wallet, and Bitget Wallet. Lastly, combining the above analysis, Bitget Research has made five major predictions regarding the future trends of the Middle Eastern cryptocurrency market. Introduction The Middle East, with its long and glorious history, was once one of the centers of ancient civilization. Its unique culture, science, and trading traditions have left a profound impact on human history. In the face of the rise of cryptocurrencies, Middle Eastern countries have not lagged behind and quickly made up for policy and industry shortcomings to become rising stars of the crypto market. Although the prevalence of cryptocurrencies in the Middle East is not currently high, its growth rate is astonishing. The majority of Middle Eastern users participate in the crypto market through direct investments in cryptocurrencies via centralized exchanges. This report provides a comprehensive introduction to the current state of the Middle Eastern cryptocurrency market through in-depth market research. It assists not only Middle Eastern users in finding their ecosystem positioning and like-minded communities, but also Web3 project teams and crypto institutions to better understand and expand into the Middle Eastern market. 1. Market Overview 1.1 Regional Overview According to Wikipedia, there are 18 countries in the Middle East. In conjunction with cryptocurrency activity, this article will primarily discuss the UAE, Saudi Arabia, Egypt, Morocco, Algeria, and Jordan. In terms of overall volume and acceptance, the Middle East's data performance is not outstanding on a global scale, with the Middle East and North Africa together accounting for about 7.2% of the global cryptocurrency volume recorded in 2023. However, due to its open policies and rapid development, the Middle East remains an extremely important part of the crypto world. Chainalysis' 2023 Adoption Index ranked Morocco, Egypt, Algeria, Saudi Arabia, Jordan, and the UAE as 20th, 35th, 47th, 57th, 66th, and 78th, respectively. It is noteworthy that the acceptance of centralized platforms and decentralized applications varies significantly from country to country in the Middle East. Egypt, Algeria, and Jordan's rankings in terms of DeFi are much lower than their rankings for centralized platforms, Saudi Arabia and the UAE have significantly stronger global rankings in DeFi usage compared to their rankings for centralized platforms, while Morocco's data is relatively balanced, ranking in the top 20s globally in all five aspects involved in the Adoption Index. Additionally, it's observed that in P2P trading, the UAE ranks under the top 100 globally, which may indicate that the country is less reliant on P2P for fiat currency withdrawal and deposits and has more convenient ways to access funds. 1.2 Cryptocurrency policy and cultural impact 1.2.1 Cryptocurrency policies in Middle Eastern countries Due to varying levels of economic development and cryptocurrency adoption rates, Middle Eastern countries hold different attitudes toward cryptocurrency regulation. This section introduces the similarities and differences in the regulatory policies of Middle Eastern countries as "regulation-friendly," "policy-shifting," and "strongly regulated" types. Among the surveyed countries, the UAE is considered "regulation-friendly," countries like Saudi Arabia, Jordan, Egypt, and Morocco are "policy-shifting," and Algeria is categorized as "strongly regulated." Regulation-friendly The UAE is a regulation-friendly Middle Eastern country, with cryptocurrency policies including: The financial regulatory authority in the UAE is the Central Bank of the United Arab Emirates, which is responsible for regulating and managing the financial market. On March 9, 2022, Dubai issued Law No. 4 (the Virtual Assets Regulation Law), establishing a new regulatory authority named the Virtual Assets Regulatory Authority (VARA). The VARA's jurisdiction includes all virtual asset service providers in Dubai. By establishing free zones and the RAK DAO, the UAE has created regions friendly to cryptocurrency businesses, attracting companies, talent, and capital. Policy-shifting Countries in the Middle East undergoing a policy shift include Saudi Arabia, Egypt, Jordan, and Morocco, primarily reflected in the following aspects: Saudi Arabia: In 2018, the Saudi government declared the use of Bitcoin illegal, highlighting the potential risks associated with other cryptocurrency transactions. Nonetheless, the cryptocurrency market in the country continued to grow. By September 2022, the Saudi Central Bank hired tech entrepreneur Mohsen Al Zahrani as "Crypto Chief" to lead the digital transformation of the central banking system. Saudi Arabia has also expressed interest in diversifying its economy through nurturing Web3 and blockchain gaming projects, one of which involves a partnership with The Sandbox to explore the metaverse. Egypt: In 2018, the Dar al-Ifta, Egypt's primary Islamic legislator, issued a religious decree classifying Bitcoin commercial transactions as illegal. However, in 2019, the Central Bank of Egypt (CBE) announced it was drafting a bill that would only prohibit the unauthorized creation, trading, or promotion of cryptocurrencies, revealing the CBE's evolving view on digital and cryptocurrencies. In 2020, the Egyptian parliament enacted the Central Bank and Banking Sector Law to assist the digital transformation of Egypt's banking and financial sector. Jordan: The Central Bank of Jordan (CBJ) issued legislation prohibiting all banks, money exchange companies, financial entities, and payment service providers from facilitating any cryptocurrency transactions. Recently, Jordan expressed a positive attitude toward cryptocurrencies and blockchain technology, viewing them as opportunities for innovation and development. The CBJ has stated it encourages banks and financial institutions to explore and utilize blockchain technology and digital assets, provided they comply with relevant regulations. Morocco: In 2017, the Moroccan government declared cryptocurrency transactions within Morocco illegal. By June 2022, the Central Bank of Morocco prepared a draft cryptocurrency regulation bill. In January 2023, the Central Bank of Morocco published content related to the cryptocurrency draft, including "definitions related to cryptocurrencies." Strongly regulated Algeria is the only strongly regulated Middle Eastern country, with cryptocurrency policies including: Algeria: The Algerian 2018 Finance Act prohibits the use of any cryptocurrencies. It specifies the prohibition of buying, selling, using, and holding virtual currencies, characterized by the lack of physical backing for electronic products. 1.2.2 Cultural impact in Middle Eastern countries Muslim countries in the Middle East have different policies and attitudes toward cryptocurrencies, but generally, their regulations are influenced by Islamic jurisprudence. Islamic law has a series of regulations on financial activities, such as prohibiting usury, gambling, and transactions involving illegal and immoral behavior. Due to the high volatility and uncertainty previously experienced in the cryptocurrency market, traditional Islamic rules do not recommend Muslims participate in highly volatile cryptocurrency transactions. However, as cryptocurrencies, especially assets like Bitcoin, have become more regulated in recent years, Muslim countries' attitudes toward cryptocurrencies have begun to change. Some Muslim countries are also striving to formulate regulations that adapt to modern financial technologies and innovations and, to some extent, accept and support the development of cryptocurrencies. For example, Dubai in the UAE plans to develop into a center of blockchain and cryptocurrency innovation, indicating openness to these emerging technologies. 1.3 Market size In February 2023, the daily active users trading cryptocurrencies on centralized exchanges in the entire Middle Eastern region was approximately 330.000. Following the approval of spot BTC ETFs and the continuous increase in the total market cap of the cryptocurrency market, by February 2024, the daily active users trading cryptocurrencies on centralized exchanges in the Middle Eastern region reached approximately 500.000. In February 2024, the trading DAU of several Middle Eastern countries on centralized exchanges was roughly in the range of 100,000 – 150,000 people. Notably, the population of the UAE and Morocco is about a third of Saudi Arabia and Egypt, yet their trading DAU is not significantly lower. This reflects the higher popularity and usage rate of centralized cryptocurrency exchanges in the UAE and Morocco compared to Saudi Arabia and Egypt. Over the past year in Middle Eastern countries: Morocco saw the fastest year-on-year growth in the number of trading users, with an increase of 148%, followed by the UAE and Egypt at approximately 70%. However, the data for Saudi Arabia in February 2024 remained flat compared to February 2023, mainly because 3 of the 5 largest centralized exchanges by traffic saw a decline in traffic. This phenomenon could also be due to Saudi Arabia's growth cycle being earlier than other countries, as multiple sources indicated that Saudi Arabia had the highest year-on-year growth in cryptocurrency trading from 2022 to 2023. 2. Local User Profile 2.1 User trading habits 2.1.1 Overall user profile in Middle Eastern countries Image: Word cloud of cryptocurrency usage habits in the Middle East Source: Google Hot Searches Middle Eastern users are open to cryptocurrency trading and engaging with projects, characterized by the following: High dependency on CEXs: Middle Eastern users are more dependent on CEXs than DEXs, as indicated by the presence of terms like "exchange" in the word cloud. Using cryptocurrency for transfers: The use of cryptocurrencies for transfers is relatively common among Middle Eastern users, mainly due to the rapid devaluation of local currencies and low traditional banking penetration in several Middle Eastern countries. Interest in memecoins: Middle Eastern users have a keen interest in speculating on memecoins, paying attention to the market's heat map, and possessing a quick grasp of the crypto market's trends. Attention to traditional finance: "Blackrock" becoming a hot search term among Middle Eastern users suggests an interest in the impact of TradFi behavior, such as BTC ETFs, on the crypto market. 2.1.2 Trading and interaction habits of users in Middle Eastern countries UAE A study by financial services firm Holborn Assets found that interest in using cryptocurrencies is growing among users in the UAE. A total of 29% of users view cryptocurrencies as a more convenient way to hold assets, 34% are cryptocurrency traders, and 22% use crypto for daily payments. In terms of investment, users in the UAE prefer BTC and ETH, and BTC is called "digital gold" by UAE users, with 72% of them investing in BTC. In terms of interaction habits, UAE users are proficient in using DEXs for trading and lending functions and are familiar with on-chain operations. Additionally, UAE users stay updated with the latest developments in the cryptocurrency market, showing high interest in RWA, the metaverse, AI, and cross-chain bridges. Saudi Arabia According to a Chainalysis report, Saudi Arabia saw a 12% increase in cryptocurrency trading volume from 2022 to 2023. Saudi Arabian users invest in core cryptocurrencies like BTC and ETH in spot markets to further diversify their assets. Institutional users in Saudi Arabia are also increasingly interested in investing in cryptocurrencies. In terms of interaction habits, the proportion of Saudi Arabian users utilizing DEXs is lower than the global average, but users in the region have shown interest in metaverse applications and NFTs. Sandbox's announcement of launching a virtual universe in collaboration with Saudi Arabia is an example of user interest. Egypt According to research by Triple-A, cryptocurrency adoption is relatively low in Egypt, with only 2.95% of the population having owned cryptocurrencies as of 2022. In terms of trading, Egyptian users mainly hold BTC, primarily to counter the devaluation of the Egyptian pound. Additionally, two-thirds of Egyptian users do not have a bank account, with some using cryptocurrencies for domestic and international remittance. Due to the smaller number of user samples in Algeria, Morocco, and Jordan, aggregated results may have significant inaccuracies and are not specifically summarized. 2.2 Popular sectors and projects 2.2.1 Popular projects and sectors UAE and Saudi Arabia user traffic for popular projects (Q1 2024) UAE: Users primarily engage with DEXs, Web3 task platforms, and NFT trading platforms. Mainstream market websites like Dextools, DEXescreener, Poocoin, and Birdeye are quite popular. DEX trading platforms like PancakeSwap and Uniswap are particularly favored by UAE users. In terms of NFT trading platforms, OpenSea and MagicEden are highly popular, while Galxe stands out in the Web3 task platform space. Saudi Arabia: Users show high enthusiasm for engaging in DEX trading, Web3 task platforms, NFT trading, and gaming.NFT trading mainly takes place on OpenSea and MagicEden. A smaller group of users engage with Sandbox and Axie, with Galxe and Zealy being the primary task platforms. Egypt and Morocco user traffic for popular projects (Q1 2024) Egypt: Users show high participation in Web3 games, DEX trading, NFTs, and task platforms.Sweat Economy is popular in Egypt, indicating the popularity of the Move to Earn (M2E) model in general. DEX websites mainly involve market websites and PancakeSwap. In terms of games, apart from Sandbox, the recently trending Pixels also garner significant attention in Egypt. Morocco: Users have a high level of participation in NFT and DEX trading.NFT trading mainly occurs on the OpenSea and MagicEden platforms. On the other hand, there is a small group of users engaging with Sandbox and Sweat Economy. 2.2.2 Top crypto topics of interest among Middle Eastern users in the last three months Based on Google Trends data, the interests of Middle Eastern users in cryptocurrency-related terms over the last 3 months (January 5, 2024, to April 5, 2024) have been primarily focused on: (1) BOME: The hype around Solana memecoins was prominent throughout Q1, and the Middle East was no exception. Pepe memecoin artist Darkfarm's BOOK OF MEME (BOME) dominated social media platforms upon its launch. The project achieved an on-chain 24-hour trading volume of over $250 million and was quickly listed on major exchanges. However, despite high levels of discussion, SLERF did not rank in any Middle Eastern countries, suggesting that Middle Eastern users' trading mainly occurs on the top centralized exchanges and substantial room for growth in DEX usage. (2) RWA (ONDO): BlackRock announced the launch of its first tokenized fund issued on a blockchain, marking a significant entry that revitalized the RWA segment. RWA could remain one of the most crucial narratives in this bull market cycle. Despite high search volumes for "RWA" across Middle Eastern countries, ONDO is the only token from this segment to make the list, with others like GFI and MKR not appearing. Given that ONDO was ranked the fifth most searched cryptocurrency-related term in early 2024 in Bitget Research's report on the Western European market, there are signs that ONDO may be one of the flagship tokens in this round of RWA hype. (3) Device mining and mobile mining tokens (ICE, DePIN, Grass, and PI): Middle Eastern users seem to have a keen interest in cryptocurrency mining, with three projects in the segment making the list: (a) Wynd Network's flagship product, Grass. Focused on cloud computing and network sharing, the project has yet to launch its token. (b) Mobile phone mining and Layer 1 project ICE, which has recently launched its token. (c) Pi Network (PI), an early mobile mining project founded in 2018. 2.3 Local social media community and networks Country Main platform Language Content focus: UAE Twitter, YouTube, Telegram Arabic, along with some content in English Mainly focused on Bitcoin market analysis. The content is very broad, including a certain level of exposure to exchanges and a habit of showcasing trades. Centralized exchanges dominate trading products, with quick tracking of crypto hotspots and altcoins. High discussion volume for hot tokens listed on exchanges (e.g., ENA). Saudi Arabia YouTube, Twitter Arabic and English, but overwhelmingly Arabic Discussions cover macroeconomics, token recommendations, investment strategies, and more. The community does not experience significant FOMO, and there is a lot of analytical content. Primarily due to a broad understanding of cryptocurrency exchanges, tokens introduced by influencers tend to be those already listed on CEXs, with a lower degree of degen behavior. Egypt YouTube, Twitter Arabic Large influencers have more followers, demonstrating a pronounced Matthew effect, whereas ordinary influencers often have around a thousand followers. Large influencers are highly professional. The range of discussion topics varies widely, from macro-level narratives such as the impact of Bitcoin ETFs to memecoins, with a keen ability to quickly catch on to trending topics. Morocco YouTube Arabic Based on YouTube's geographic data, Moroccan users mainly follow KOLs from the above three regions, with a preference for content in Arabic, especially from influencers in the UAE and Egypt. Focuses more on tracking individual tokens, with less coverage of macro narratives. Algeria YouTube Arabic Representative influencers are primarily from finance, with less degen content and a noticeable lack of attention to on-chain assets. Mainly focused on basic knowledge and macro narratives (e.g., the differences between PoW and PoS, what is Layer 2, and the impact of Bitcoin ETFs). Jordan Twitter Arabic No information found related to Jordan and crypto. Twitter and YouTube are the main platforms for local communities in Arab countries, with Telegram being used less frequently. Arabic is the primary language used, but English content also circulates to a certain extent. In terms of discussion content, the degree of blockchain understanding and the focus of attention vary by country. Saudi Arabia, Egypt, and the UAE have a significant user base, covering a wide range of topics. These countries show a tendency for exchange visibility and showcasing trades, quickly catch up on trending altcoins, and have high engagement in discussions about popular exchange-listed tokens such as ENA. However, Morocco, Algeria, and Jordan, due to having smaller user bases, do not have many local influencers. Their content focus largely depends on the content creators from the other three countries. 3. Competitive Landscape and Platform Advantages 3.1 Centralized exchanges Overall, traffic to centralized exchanges from Middle Eastern countries has been on a significant upward trend over the past year. The unique visits (UV) data for the UAE and Morocco reached 60% and 71% growth, respectively. Egypt's data showed a 25% YoY increase, whereas Saudi Arabia experienced a slight decline in traffic, possibly due to its user base's rapid growth phase being earlier compared to other countries. As mentioned previously, several sources indicated Saudi Arabia had the highest YoY growth in cryptocurrency trading from 2022 to 2023. The difference in traffic to centralized exchanges among significant Middle Eastern countries is not significant. Despite the clear differences in total population, the monthly unique visits to centralized exchanges in the UAE, Morocco, Egypt, and Saudi Arabia all range between approximately 700,000 – 1,000,000. Middle Eastern countries have a high dependency on global centralized exchanges, with local exchanges not breaking the top 10 in traffic volume. This may be related to the low diversity of tradable assets, poor trading depth on local exchanges, and the good availability of convenient local currency deposit and withdrawal channels on many global centralized exchanges. February 2024 YoY growth of unique visitors to centralized exchanges in Middle Eastern countries Note: (1) Due to the lack of mobile data for Saudi Arabia in February 2024, only desktop data is presented. Assuming the traffic structure in Saudi Arabia is similar to that of the UAE, the total UV for Saudi Arabia's web desktop and mobile would be approximately 874,721; (2) Data for Algeria and Jordan could not be collected and is therefore not presented. 3.2 Decentralized exchanges Middle Eastern users frequently utilize decentralized exchanges, with their usage primarily focused on top decentralized exchanges on blockchains like Solana, BSC, and Ethereum, such as Uniswap, PancakeSwap, and Raydium. Decentralized exchange aggregators like 1inch and Jupiter are also used. Most users access these decentralized exchanges directly, with some through Google search, social media links, and referrals from market websites. This indicates that Middle Eastern users place a high value on the reputation of decentralized exchanges, and once they develop a habit of using a particular platform, they tend to show a degree of brand loyalty. Usage of decentralized exchanges among users in the UAE UAE DEX competitive landscape Among Middle Eastern countries, users in the UAE have a higher proportion of decentralized exchange usage, with Uniswap, PancakeSwap, and 1inch being some of the most used DEX products. Looking at various chains, top DEXs on leading chains like BSC, Ethereum, Solana, and Cosmos show high traffic and activity. Trading habits in the UAE are gradually shifting from DEXs to aggregator products. DEX traffic sources Users in the UAE mainly access decentralized exchange websites through direct search, and it is worth noting that Google search is also a common entry point to decentralized exchanges for users in the UAE. CoinMarketCap, as a cryptocurrency information and news website, also has a large amount of traffic and conversions. Usage of decentralized exchanges among users in Saudi Arabia Saudi Arabia DEX competitive landscape The difference in the percentage of Saudi users trading on UniSwap, PancakeSwap, and Raydium is relatively balanced, indicating that Saudi users have a greater interest in assets on BSC, Ethereum, and Solana. Top decentralized exchanges on other chains, such as Uniswap, TraderJoe, and Osmosis, also stand out. DEX traffic sources Saudi users mainly access DEXs through direct login, Google search, and links on social media platforms and cryptocurrency information websites. The use of Twitter is relatively higher among Saudi users. Usage of decentralized exchanges among users in Egypt Usage of decentralized exchanges among users in Morocco Egypt and Morocco DEX competitive landscape Trading preferences vary significantly between Egypt and Morocco. Egyptian users favor PancakeSwap, while Moroccan users prefer Jupiter. Top DEXs on other blockchains also stand out. It is worth mentioning that a higher proportion of Egyptian users utilize Astroport, indicating a keen interest in Cosmos ecosystem projects. On the other hand, Moroccan users' trading interests are primarily concentrated on the Solana chain. DEX traffic sources Similar to users in other Middle Eastern countries, users in Egypt and Morocco primarily access decentralized exchanges through direct login, Google search, and links on social media networks and cryptocurrency information websites. CoinGecko is more popular among Moroccan users, whereas CoinMarketCap is favored by Egyptian users. Due to the smaller number of user samples in Algeria and Jordan, aggregated results may have significant inaccuracies and are not specifically summarized. DEX usage habits are similar to those in other Middle Eastern countries. 3.3 Wallets Downloads of Web3 wallets in the Middle East (January 1, 2024 – March 31, 2024) (Note: Some popular wallets, such as the Binance Wallet, share the same app with their centralized exchange, making it impossible to extract standalone traffic data, so they are not displayed in the table above.) In terms of wallet usage, Trust Wallet, MetaMask, Phantom, Coinbase Wallet, and Bitget Wallet rank as the top 5 wallets in the Middle East. Trust Wallet and MetaMask occupy the first and second spots, similar to many other regions. Launched in 2017, Trust Wallet enjoys a good early-mover advantage with its simple, user-friendly design that suits Middle Eastern users' habits. MetaMask also benefits from an early-mover advantage, with most EVM-compatible chain projects generally supporting it first, making these two wallets very popular in Middle East. Due to the surge in the Solana ecosystem's popularity, Phantom, the most favored native wallet for the Solana network, has seen a significant increase in downloads, moving up to the third rank. Rumors on social media about Phantom potentially launching its token have led many users, hoping for airdrops, to preference Phantom for participating in Solana ecosystem projects. Coinbase Wallet, ranked fourth, is backed by Coinbase. Although users in the Middle East cannot use the Coinbase exchange, the Coinbase Wallet is fully operational. In May 2023, Coinbase CEO Armstrong mentioned in an interview with Bloomberg that they are considering turning their attention to the UAE to bridge Europe and Asia. Therefore, the authority and security of Coinbase Wallet, backed by Coinbase, have made it a choice for many users in the Middle East. Bitget Wallet, known for its fast update and iteration speed, currently supports over 90 chains. It offers users a seamless trading experience through an innovative liquidity aggregation algorithm for swaps and features like on-chain anomaly alerts and smart market trends recommendations to help users spot trending projects. Bitget Wallet's recent BWB airdrop plan and ongoing points promotion have attracted many users in the Middle East. In the NFT space, Bitget Wallet's marketplace is the first platform to allow purchasing NFTs with any cryptocurrency. Its deep understanding of user needs and quick response have brought its downloads to the fifth in the region. Conclusion The Middle East, with its long and illustrious history, was one of the ancient centers of civilization. Facing the global rise of the cryptocurrency market, Middle Eastern countries have reevaluated cryptocurrencies with an open and embracing attitude, making the region one of the fastest in terms of cryptocurrency adoption. This report delves into the "Market Overview," "Local Cryptocurrency User Characteristics," and "Competitive Landscape and Platform Advantages" of six Middle Eastern countries as defined by the United Nations. From a market perspective, the overall volume and acceptance of cryptocurrencies in the Middle East are in a rapid growth phase. The "daily active users" on centralized exchanges in these six countries are about 500,000, with the UAE having the highest cryptocurrency adoption rate in the region. From the standpoint of regulation and cultural influences, most of the surveyed countries are Muslim-majority and were initially restricted in their participation in cryptocurrency activities due to Islamic laws aimed at protecting local investors' rights. However, as core assets like Bitcoin become gradually compliant and recognized as significant alternative assets, Middle Eastern countries, led by the UAE, have gradually embraced cryptocurrencies. The UAE has become one of the most crypto-friendly countries in the world. Middle Eastern users are open to cryptocurrency trading and engaging with projects, characterized by the following: A high dependency on CEXs. A tendency to use cryptocurrencies for transfers where traditional banking services are scarce. An interest in memecoins and staying abreast of market trends. In terms of competitive landscape and platform advantages, global centralized exchanges continue to dominate the market with a more diverse and comprehensive range of services. Decentralized exchanges show little difference in data, with user habits focused on top decentralized exchanges on chains like Solana, BSC, and Ethereum. In terms of wallet usage, Trust Wallet, MetaMask, Phantom, Coinbase Wallet, and Bitget Wallet rank as the top 5 wallets in the Middle East. Finally, based on this comprehensive study of the Middle Eastern market, Bitget Research anticipates the following developments in the Middle Eastern market for 2024, for readers' reference: The UAE will become the central hub for cryptocurrency talent, capital, and enterprises in the Middle East while increasing its global crypto influence. With the cryptocurrency market warming up and adoption among Middle Eastern users increasing, the DAU involved in crypto trading in the Middle Eastern market is expected to rise from 330,000 in 2023 to approximately 700,000 by the end of 2024. The adoption of various on-chain applications among Middle Eastern users will significantly increase, with "airdrop" and "on-chain mining" likely becoming hot social media topics and interest in the DePin segment continuing to grow. Interest in memecoin speculation will continue to rise, with the top chain DEX ecosystems becoming a popular venue for Middle Eastern users to speculate on memecoins. Wallets with trading aggregation features will gain more favor among Middle Eastern users.

Top 10 Cryptocurrencies by Market Cap: A Comprehensive Look

As the cryptocurrency market continues to evolve, the list of top players also sees frequent reshuffling. Whether you're a seasoned investor looking to diversify your portfolio or a newcomer trying to understand where to start, a look at the leading cryptocurrencies by market capitalization can offer valuable insights. Assembled with data fresh from the trusted vaults of CoinGecko and updated as of August 31, 2023, this comprehensive guide aims to serve as your navigator through the complex maze of digital assets. We’ll explore the features, history, and technology behind the top 10 cryptocurrencies dominating the market today. The rankings mentioned in this article are based on data from CoinGecko as of August 31, 2023, and might change over time. Bitcoin (BTC): The King of Crypto Overview Market Capitalization is US$530,079,527,201 and is ranked #1. Tokenomics: Capped at 21 million coins Advantage: Often viewed as 'digital gold,' it’s seen as a hedge against inflation. All-time high (ATH) and all-time low (ATL): US$69,044 (Nov 2021) and US$67.81 (Jul 2013). Bitcoin (BTC) is the world's first cryptocurrency. It was introduced to the world by an anonymous developer under the pseudonym 'Satoshi Nakamoto.' Bitcoin runs on a decentralized ledger system based on cryptography - a blockchain. Thus, Bitcoin is not controlled by a central bank or authority of any kind. Anyone can be a part of this blockchain and be rewarded with Bitcoin by participating in its "mining" process. In recent years, Bitcoin has outperformed major stock indices like the SP 500 and the Dow Jones Industrial Average. While stock markets have shown steady growth, Bitcoin's price appreciation has been far more significant. During the third month of 2023, Bitcoin outperformed 97% of all SP500 companies. Learn more about Bitcoin (BTC) Bitcoin Halving | Pizza Day | PriceValue | Bitcoin Trading guides | FAQs | Key Concepts | Bitcoin NFT | Block Size War | What are Bitcoin ETFs? How to get Bitcoin Buy/ Sell Bitcoin with Fiat currencies Bitcoin has also become a financial asset that people can invest in or even speculate on. You can buy and sell Bitcoin with your local fiat currencies, including via third-party payment providers, the P2P market, and your credit/ debit cards on Bitget on a 24/7 basis. Bitget currently supports 140+ currencies and 70+ payment methods, including Mastercard, Visa, SEPA, SWIFT, and other local payment methods. Please log in to your Bitget account, from the homepage, click ‘Buy Crypto’, and select payment methods available to your country/region. Trade Bitcoin on Bitget Spot Futures markets Spot Trading Bitcoin Spot Trading: BTCUSDT Bitcoin Spot Margin Trading: BTCUSDT Bitcoin Spot Grid Trading: BTCUSDT Bitcoin Spot Martingale: BTCUSDT Bitcoin Spot Auto-invest: BTCUSDT Futures Trading Bitcoin Coin-Ⓜ Futures: BTCUSD Bitcoin USDT-Ⓜ Futures: BTCUSDT Bitcoin USDC-Ⓜ Futures: BTCPERP Bitcoin Futures Grid Trading: BTCUSDT Ethereum (ETH): The Smart Contract Pioneer Overview Market Capitalization is US$204,844,559,374 and is ranked #2. Tokenomics: No fixed supply cap. Advantage: Supports decentralized applications, smart contracts, and the majority of the DeFi and NFT space. All-time high (ATH) and all-time low (ATL): US$4,878.26 (Nov 2021) and US$0.432979 (Oct 2015) Ethereum is a decentralized Blockchain platform introduced by Vitalik Buterin, a Russian Programmer. Ethereum is not managed by a centralized server or organization. Instead, it is run by thousands of computers distributed around the world. Beyond just a currency, Ethereum introduced the world to the power of smart contracts. It provides a platform for decentralized applications (DApps) and has catalyzed the majority of the DeFi and NFT sectors. Ethereum market share has taken off since the start of 2023, though it doesn't seem to be shown in the level of Google interest. If Bitcoin dominance averages 42.5% year-to-date, Ethereum has no trouble maintaining its second place with 18.1%, which is way ahead of the third-largest cryptocurrency Tether (USDT) at 6.7%. Mind you that Tether is a stablecoin, thus often considered a safe option to onboard crypto by newbies. Learn more about Ethereum (ETH) What is Ethereum | The Merge | Birthday | PriceValue Part 1 Part2 How to get ETH Buy/ Sell ETH with Fiat currencies You can buy and sell ETH with your local fiat currencies, including via third-party service providers, our P2P market, and your credit/ debit cards on Bitget on a 24/7 basis. Trade ETH on Bitget Spot Futures markets Spot Trading ETH Spot Trading: ETHUSDT ETH Spot Margin Trading: ETHUSDT ETH Spot Grid Trading: ETHUSDT ETH Spot Martingale: ETHUSDT ETH Spot Auto-invest: ETHUSDT Futures Trading ETH Coin-Ⓜ Futures: ETHUSD ETH USDT-Ⓜ Futures: ETHUSDT ETH USDC-Ⓜ Futures: ETHPERP ETH Futures Grid Trading: ETHUSDT Tether (USDT): The Stablecoin Titan Overview Market Capitalization is US$82,857,760,603 and is ranked #3. Tokenomics: USDT does not have a maximum total supply because the amount of USDT issued is dependent on the total value of assets in the Tether's reserve. Advantage: Tether offers stability within the volatile cryptocurrency market. All-time high (ATH) and all-time low (ATL): US$1.32 (Jul 2018) and US$0.57 (Mar 2015). Tether (USDT) is the third largest cryptocurrency (after Bitcoin and Ether) and the largest stablecoin by market capitalization. Tether is a USD-pegged stablecoin, meaning that 1 Tether can be exchanged to USD at an approximate 1:1 ratio. The coin was created in 2014 with the original name of "RealCoin", but was rebranded to Tether later that year. On June 15, 2023, the stability of Tether's USDT, a widely used stablecoin pegged to the USD, experienced a slight deviation from its usual value of US$1.00. Even though the price dropped to as low as US$0.996 at that time, the USDT price recovered to US$0.999 later in the day. However, since USDT is the most popular stablecoin, its slight depeg led to widespread FUD and speculation among the crypto community. Learn more about Tether (USDT) What is Tether (USDT)? | The Tether Depeg in Summer 2023: What Happened to USDT? How to get USDT At the "Buy Crypto" main page, you will find many options to buy USDT: - Debit/ Credit cards: we support 140+ fiat currencies and 70+ payment methods, including Mastercard, Visa, SEPA, SWIFT, etc. - P2P Trading: you can purchase USDT with your local payment methods at your preferred prices. - Third-Party Payment: you can also buy USDT with multiple fiats via our third-party providers like Simplex, Banxa, Mercuryo, etc. BNB (BNB): The Exchange Trailblazer Overview Market Capitalization is US$34,306,930,411 and is ranked #4. Tokenomics: Its total supply is 200,000,000. Advantage: BNB serves as the native cryptocurrency of the Binance exchange. It offers fee discounts, and ecosystem access for traders. All-time high (ATH) and all-time low (ATL): US$686.31 (May 2021) and US$0.0398 (Oct 2017) Originating as the native token for Binance – the world's largest crypto exchange – BNB offers trading fee reductions on the Binance platform and has been integral to the growth of the Binance Smart Chain. The BNB token was originally released as an ERC-20 token to raise funds for the Binance exchange in 2017. How to get BNB Trade BNB on Bitget Spot Futures markets Futures market BNBUSDT Spot market BNBUSDT BNBUSDC Ripple (XRP): The Cross-Border Specialist Overview Market Capitalization is US$27,764,349,639 and is ranked #5. Tokenomics: The total supply of XRP is 100 billion. Advantage: XRP aims to facilitate fast and low-cost cross-border transactions. All-time high (ATH) and all-time low (ATL): US$3.40 (Jan 2018) and US$0.0026 (May 2014). Ripple can be both considered as a cryptocurrency and a digital payment transaction network. It was launched in 2012 and was co-founded by Chris Larsen and Jed McCaleb. For both banks and financial institutions, Ripple is a transaction system for international money and security transfers. Ripple is the name of the company and the financial network, and XRP is the platform token. XRP is the exchange mechanism between two currencies or networks. It plays the role of a temporary settlement between two currencies. How to get XRP Buy/ Sell XRP with Fiat currencies Bitget supports a variety of cryptocurrencies that can be purchased through debit/ credit cards and third-party platforms like AlchemyPay, Simplex, and Banxa. Joining the ranks of Tether (USDT), Bitcoin (BTC), and others, Ripple (XRP) is the latest addition to Bitget's diverse offerings. This means you now can buy XRP with 140+ currencies like US Dollar (USD), Euro (EUR), British Pound (GBP), and Australian Dollar (AUD) on Bitget! Related: How to purchase Ripple (XRP) with Fiat Trade XRP on Bitget Spot Futures markets Futures market XRPUSDT Spot market XRP/USDT XRP/USDC USD Coin (USDC): A Stablecoin Contender Overview Market Capitalization is US$26,105,544,669 and is ranked #6. Tokenomics: USDC is a stablecoin, pegged 1:1 to the US dollar, with regular attestations of its reserves. Advantage: Similar to USDT, USDC offers stability and crypto-fiat conversion. All-time high (ATH) and all-time low (ATL): US$1.17 (May 2019) and US$0.877 (Mar 2023) USD Coin (USDC) is a USD stablecoin issued by CENTRE, a consortium created by Coinbase exchange and a fintech company called Circle. Its value is pegged to the US dollar by fiat currencies and commodities at a 1:1 ratio, which means that 1 USDC is equal to 1 USD. USDC was first launched as an ERC-20 token in 2018 and has since expanded to other major platforms. 2021 was a big year for the stablecoin as Visa started to accept payments made with USDC. How to get USDC On Bitget’s homepage, select “Buy Crypto” and quickly proceed to buy and sell USDC with your local fiat currencies, including via third-party payment providers, P2P market, and your credit/ debit cards on a 24/7 basis. Related: How to purchase USDC with Fiat Lido Staked Ether (STETH): Ethereum's Staking Solution Overview Market Capitalization is US$14,532,706,519 and is ranked #7. Tokenomics: STETH does not have a total supply. Advantage: STETH allows holders to participate in staking without the need to manage the technical aspects themselves. All-time high (ATH) and all-time low (ATL): US$4,829.57 (Nov 2021) and US$482.90 (Dec 2020). Lido is a platform that enables users to earn interest on their digital assets by staking them while keeping them liquid for use in other DeFi applications. It was initially launched on Ethereum in 2020, allowing users to stake ETH to receive STETH, a token that represents staked ETH in Lido. STETH is not only where the value of the initial deposit and staking rewards are combined, but also can be used to maximize yield through collateralization, lending, yield farming, and other DeFi protocols. Consider investing in Lido Staked Ether (STETH)? It only takes 2 minutes to create an account on Bitget and start trading STETH today! Dogecoin (DOGE): The Meme that Became a Mainstay Overview Market Capitalization is US$9,291,669,070 and is ranked #8. Tokenomics: no maximum supply limit. Advantage: Active community, low fees, tipping charitable donations usages. All-time high (ATH) and all-time low (ATL): US$0.731 (May 2021) and US$0.0000869 (May 2015). Dogecoin (DOGE) is a public cryptocurrency that was created as a lighthearted joke poking fun at the crypto speculation by software engineers Billy Marcus and Jackson Palmer. Launched in 2013, it is considered the first "meme coin" in the world. Despite the fun-loving origin, Dogecoin, ironically, has a lot more use cases than the majority of crypto. Besides being accepted as a method of payment in places around the world, it is predominantly used as tips for online content creators and as donations for charities. Dogecoin gained notable increases in popularity and value after Elon Musk repeatedly tweeted about the coin on his personal account and had plans to use DOGE to pay for a mission of SpaceX. Learn more about Dogecoin (DOGE) What is Dogecoin (DOGE)? | What is Dogeday? How to get Dogecoin (DOGE) Consider investing in Dogecoin (DOGE)? One of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards, via bank transfer, via peer-to-peer transactions, or even in-person purchases. Once you have cryptos, you can start trading DOGE on Bitget! Futures Market DOGEUSDT Spot Market DOGEUSDT DOGEUSDC DOGEBTC Cardano (ADA): The Peer-Reviewed Blockchain Overview Market Capitalization is US$9,212,030,431 and is ranked #9. Tokenomics: Fixed supply of 45 billion ADA. Advantage: Cardano aims to provide a more sustainable and scalable platform for smart contracts and DApps. All-time high (ATH) and all-time low (ATL): US$3.09 (Sep 2021) and US$0.01925 (Mar 2020) Cardano is a third-generation blockchain that utilizes the Proof-of-Stake (PoS) consensus mechanism. It was conceived in 2015 by Charles Hoskinson, co-founder of Ethereum, who departed his former project with the intention to improve upon Ethereum’s shortcomings and create a more complete decentralized network. Two years after a highly successful ICO in 2015, Cardano mainnet was released. As of now, Cardano supports multiple use cases and applications such as smart contracts, DeFi, Internet of Things, NFT, etc. How to get ADA Consider investing in Cardano (ADA)? It only takes 2 minutes to create an account on Bitget and start trading ADA. Futures market ADAUSDT Spot market ADAUSDT ADAUSDC Solana (SOL): The Speedster of the Pack Overview Market Capitalization is US$8,314,995,031 and is ranked #10. Tokenomics: Solana has a circulating supply with no hard cap mentioned in its whitepaper. Advantage: High throughput, fast transactions for DeFi and DApps. All-time high (ATH) and all-time low (ATL): US$259.96 (Nov 2021) and US$0.5008 (May 2020). Solana is a rising blockchain that debuted in 2017 and had its mainnet launched in 2020 with the aim to rival Ethereum. It boasts scalability with open source, fast speed, and low cost. Phantom, the most popular Solana wallet, experienced a six-fold increase in the number of active users from 200,000 in August 2021 to 1.2 million in October 2021. Even more impressive is the rise in TVL: from USD 135.61 million in April 2021 to USD 10.14 billion in October 2021. After only 1 year, Solana climbed to the top 6 biggest blockchains in the world in terms of total value lock (TVL). It could gain such incredible milestones because the unique Proof of History (PoH) mechanism invented by its founder Anatoly Yakovenko allows for efficient throughput without the need for additional scaling solutions. How to get Solana (SOL) Consider investing in Solana (SOL)? It only takes 2 minutes to create an account on Bitget and start trading SOL. Futures market SOLUSDT Spot market SOL/USDT SOL/USDC In conclusion, while these cryptocurrencies have solidified their standing by market cap, the dynamic nature of the digital asset space means positions can change rapidly. Bitget always encourages our users to research thoroughly before investing and to stay updated with the latest market trends. Crypto FAQs What are cryptocurrencies? A cryptocurrency, sometimes crypto for short, is a digital currency based on cryptography. Most cryptocurrencies are decentralized, that is, without any central authority for issuance or transaction verification. Thus, they offer a huge improvement in privacy and save on transaction costs. Crypto Tokens vs. Coins - What's the Difference? Like everything else, cryptocurrencies can be divided into different types and groups by a wide array of standards. The two most prevalent categories are coins and tokens. A crypto coin is the native currency to its own blockchain. For instance, BTC is native to the Bitcoin blockchain, just like ETH is native to the Ethereum blockchain. These coins can be transferred and used like traditional currencies, but the most important function they have is paying gas fees. These coins are generated by miners or validators during their mining or validation process and are not controlled by any central authority. Crypto tokens are similar to coins but are built on top of blockchains and are functionally more versatile. They can be: - Stablecoins, like USDT/USDC, that are pegged to real-world assets; - Utility tokens, like ARB, that provide access or powers to their holders; - or even non-fungible tokens (NFTs), like BAYCs, that spread your prominence over the entire social network. Simply create an account, and start exploring the incredible Bitget-Verse today! 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. The rankings mentioned in this article are based on data from CoinGecko as of August 31, 2023, and might change over time.

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

Top 5 Altcoins to Watch in 2023

​Cryptocurrencies have become increasingly popular in recent years, with Bitcoin and Ethereum dominating the market. However, there are thousands of other cryptocurrencies, known as altcoins, that offer unique features and potential for growth. In this article, we'll take a closer look at the top 5 altcoins to watch in 2023 and why. Cardano (ADA) ​Cardano is a third-generation blockchain that utilizes Proof-of-Stake (PoS) consensus mechanism. Currently, Cardano supports multiple use cases and applications such as smart contracts, DeFi, Internet of Things, NFT, etc. It is also the first blockchain to have a research-driven approach. The project has published various peer-reviewed papers and worked with top universities to conduct blockchain-related education and research. Though Cardano is a PoS-based blockchain like many others, its PoS consensus mechanism, called Ouroboros, is unique. Ouroboros is the first PoS mechanism peer-reviewed, security-audited, and verified by third parties. It enables the operation and security of ADA (the native token of Cardano) and smart contracts on Cardano. Also, Ouroboros ensures that ADA rewards are given out to those who stake ADA. Consider investing in Cardano (ADA)? It only takes 2 minutes to create an account on Bitget and start trading ADA. ​ Polkadot (DOT) Polkadot is a public decentralized multi-chain network that prioritizes interoperability and scalability while not compromising on security. It was founded by Gavin Wood, co-creator of Ethereum, and raised USD 145 million in its high-profile ICO in 2017. As one of the most significant projects supported by the Web3 Foundation, it is undoubtedly a project worth one's attention. Polkadot introduces significant infrastructure improvements. It consists of one main blockchain called the "Relay Chain," and several independent sub-chains called "parachains". The Relay Chain is responsible for security, governance, and data validation. Each parachain is independent and customizable to every developer's needs. Because of such a multilayered structure, Polkadot can achieve speed, security, and scalability simultaneously and is thus considered among the most scalable public blockchains, even more so than layer-2 solutions. Consider investing in Polkadot (DOT)? It only takes 2 minutes to create an account on Bitget and start trading DOT.​ Chainlink (LINK) ​Blockchain oracles connect data from all kinds of sources to the blockchain, enabling the technology to have many more real-world applications than ever. The most well-known and widely-used oracle in the industry at the moment is Chainlink. Chainlink is a decentralized oracle service provider that feeds off-chain data to blockchains. Being a decentralized network, Chainlink can ensure that its data and computation are more secure and trustless than those of centralized networks. It also has a strong development team and partnerships with major blockchain projects. The Chainlink team got former Google CEO, Eric Schmidt, former LinkedIn CEO, Jeff Weiner, and DocuSign co-founder Tom Gonser, onboard as strategic advisors. With such a powerful team, it is no surprise that Chainlink prevails as the top oracle in the market. Consider investing in Chainlink (LINK)? It only takes 2 minutes to create an account on Bitget and start trading LINK.​ Solana (SOL) ​Solana is a high-performance blockchain platform that aims to provide fast and scalable transactions. It is a rising blockchain that debuted in 2017 and had its mainnet launched in 2020 with the aim of rivaling Ethereum. It boasts scalability with open source, fast speed, and low cost. In 2021, Solana saw massive growth in users, dapps, and TVL. Phantom, the most popular Solana wallet, experienced a six-fold increase in the number of active users from 200,000 in August 2021 to 1.2 million in October 2021. After only one year, Solana climbs to the top 6 most prominent blockchains in the world in terms of total value lock (TVL). The goal of Solana’s infrastructure is to eliminate performance bottlenecks, enabling a high level of scalability. That’s why the team decided to use both Proof of Stake (PoS), a proven method of validation that ensures speed and energy efficiency, and the unique Proof of History (PoH). Consider investing in Solana (SOL)? It only takes 2 minutes to create an account on Bitget and start trading SOL.​​ Avalanche (AVAX) In 2020, a group of developers took advantage of the Proof-of-Stake (POS) mechanism to come up with a new blockchain called Avalanche. While blockchain technology has achieved certain milestones and recognition in the public eyes, the route to mass adoption and total replacement of traditional means is still rocky. The main challenges of blockchain that skeptics often mention include fiendish energy consumption, counterintuitive complicated processes, lack of investor protection, and good old fear of the unknown. Avalanche (AVAX) was created as an attempt to remedy these problems. It is an eco-friendly, low-cost, and fast-paced blockchain of the future. Avalanche has attracted tremendous attention and capital from big institutions such as Andreessen Horowitz, Mastercard, etc. Despite being born quite recently, in September 2021, at the height of a bull market, Avalanche now claims the top 4 spots of the biggest blockchains by Total Value Locked. ​ Consider investing in Avalanche (AVAX)? It only takes 2 minutes to create an account on Bitget and start trading AVAX.​​ ​These are just a few of the top altcoins to watch in 2023. Each of these projects offers unique features and growth potential. As cryptocurrencies are a rapidly evolving area, it is crucial to stay up-to-date on the latest developments and trends in the crypto market, always approach them with caution, and consult with a financial advisor before making any investment decisions. 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.