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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.

Bitget Research: Hong Kong Likely to Allow Retail Investors to Trade Cryptocurrencies, Boosting the Rise of Hong Kong-Related Tokens

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: Hong Kong-Related Tokens KEY, CFX, ACH, LINA, and HIGH See Notable Increases (Token) — According to Bloomberg, the Chinese Hong Kong Securities and Futures Commission will hold a press conference at 4:15 PM today regarding the consultation results on the regulatory requirements for virtual asset trading platform operators. Bloomberg anticipates that Hong Kong investors will be able to trade cryptocurrencies such as BTC and ETH under suitable protection measures starting in June. RFD (Token) — REFUND was created by the whale wallet blurr.eth. Several influencers including @Yourpop8 and @stekisteks promoted it on Twitter. Famous ENSs like pennismybitch. eth, 氷の王女.eth, and pepe-frog. eth have bought from the Uniswap pool and added positions in waves, resulting in a relatively distributed ownership. There are no apparent contract risks. Bitget has listed RFD. PSYOP (Token) — A highly popular yet controversial memecoin created by NFT influencer, Ben. 0xScope tweeted that the token distribution of the new memecoin project PSYOP launched by crypto influencer ben.eth is highly centralized, with 93.45% of the token supply held by Ben. Furthermore, Ben.eth may face a class-action lawsuit for alleged wire fraud. Caution is advised when considering engagement. BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain. 0xMT (Token) — Mineable Token uses Bitcoin’s value storage concept. It employs the proof-of-work mechanism, with the reward rate halving in each Reward Era. The aim is to have a fairly distributed token. This is accomplished through contracts on the Arbitrum blockchain. This token has not yet established a liquidity pool. PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its on-chain data is excellent (14,604 on-chain transactions in the past 24 hours), but the activity level of the social media and community is low and does not match the on-chain trading activity. The deployer directly destroyed 50% of the tokens and 46% of the tokens were added to the locked liquidity pool. The contract shows no apparent risks. GOD (Token) — A memecoin that surged and then plummeted shortly after its TGE. It has fallen by over 80% in the past 24 hours. The token contract has a transaction cooldown function, preventing users from selling tokens within a certain time or number of blocks after purchase. AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,157, with a trading volume of US$2.31 million. There are no apparent risks in the contract. PepeDubai (Token) — A memecoin derived from PEPE, this token carries a 0% buy tax and a 10% sell tax. There have been 17,387 on-chain transactions amounting to a trading volume of US$1.08M in the past 24 hours. The total liquidity is US$162,890, indicating a risk of dramatic price volatility. 2.Popular NFTs: Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. 3.Popular DApps: zkSync (DApp) — zkSync has recently been carrying out joint promotions with Galxe, involving projects and tokens such as XY Finance and Transit. Galxe’s on-chain activities can generally bring higher crypto community traffic to projects and their ecosystems, possibly leading to trading opportunities for the token. zkSync Era’s mainnet was launched a few months ago, and interacting with the DApp might lead to potential airdrop opportunities for zkSync tokens. It is essential to stay updated on this DApp. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. SLM Games (DApp) — This is a cross-chain crypto casino platform built around BTC, ETH, BSC, EOS, WAX, TELOS, ThunderCore, and Solana. By incorporating GameFi, it offers more diversified gameplay for the ecosystem. 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. ISKRA (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Yesterday, the announcement of Normain Metaland conducting an INO on the platform garnered significant community attention on social media. PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 4.Twitter Hot Topics: OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list, with its price experiencing a more than 150% increase in the past week and a 50% increase in the past 24 hours. 5.Regional Trending Searches: Bitcoin (Token) — The price of Bitcoin remains stable at around $27,000. With the waning popularity of BRC20, Bitcoin lacks new narratives and price catalysts. Simultaneously, given the unstable external environment, traders are waiting for the latest developments on the US debt ceiling impasse. Bitcoin has been relatively stable recently. Main Body Written by: Bitget Research Data collection time: May 23, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 391,755 New active users of ETH: 71,547, with a daily decrease of 8.88% Existing active users of ETH: 320,208, with a daily decrease of 4.65% 1.1.2 New User Profile Core data: There were a total of 71,547 new active users on ETH yesterday, with a daily decrease of 8.88% Popular Sectors Popular Projects zkSync (DApp) — zkSync has recently been carrying out joint promotions with Galxe, involving projects and tokens such as XY Finance and Transit. Galxe’s on-chain activities can generally bring higher crypto community traffic to projects and their ecosystems, possibly leading to trading opportunities for the token. zkSync Era’s mainnet was launched a few months ago, and interacting with the DApp might lead to potential airdrop opportunities for zkSync tokens. It is essential to stay updated on this DApp. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 320,208, with a daily decrease of 4.65% Popular Sectors Popular Projects Following the decline in memecoins, there are still lingering effects. Uniswap maintains its dominance in daily activity on the Ethereum network. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its on-chain data is excellent (14,604 on-chain transactions in the past 24 hours), but the activity level of the social media and community is low and does not match the on-chain trading activity. The deployer directly destroyed 50% of the tokens and 46% of the tokens were added to the locked liquidity pool. The contract shows no apparent risks. https://www.dextools.io/app/en/ether/pair-explorer/0x1d4e66b826c8bf8e3c93574386a8dd723b3a912f GOD (Token) — A memecoin that surged and then plummeted shortly after its TGE. It has fallen by over 80% in the past 24 hours. The token contract has a transaction cooldown function, preventing users from selling tokens within a certain time or number of blocks after purchase. https://www.dextools.io/app/en/ether/pair-explorer/0xdb161bb5bea8917d41f858c0763dd27c0ebf7c2a 1.2.2 Uniswap V3 RFD (Token) — REFUND was created by the whale wallet blurr.eth. Several influencers including @Yourpop8 and @stekisteks promoted it on Twitter. Famous ENSs like pennismybitch. eth, 氷の王女.eth, and pepe-frog. eth have bought from the Uniswap pool and added positions in waves, resulting in a relatively distributed ownership. There are no apparent contract risks. Bitget has listed RFD. PSYOP (Token) — A highly popular yet controversial memecoin created by NFT influencer, Ben. 0xScope tweeted that the token distribution of the new memecoin project PSYOP launched by crypto influencer ben.eth is highly centralized, with 93.45% of the token supply held by Ben. Furthermore, Ben.eth may face a class-action lawsuit for alleged wire fraud. Caution is advised when considering engagement. 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,542,187 New active users on BSC: 215,427, with a daily increase of 15.99% Existing active users on BSC: 1,326,760, with a daily decrease of 5.37% 2.1.2 New User Profile Core data: There were a total of 215,427 new active users on BSC yesterday, with a daily increase of 15.99% Popular Sectors Popular Projects Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,326,760, with a daily decrease of 5.37% Popular Sectors Popular Projects PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,157, with a trading volume of US$2.31 million. There are no apparent risks in the contract. https://www.dextools.io/app/en/bnb/pair-explorer/0x9019e812a436003ad2c515492cffb784937ab2aa PepeDubai (Token) — A memecoin derived from PEPE, this token carries a 0% buy tax and a 10% sell tax. There have been 17,387 on-chain transactions amounting to a trading volume of US$1.08M in the past 24 hours. The total liquidity is US$162,890, indicating a risk of dramatic price volatility. https://www.dextools.io/app/en/bnb/pair-explorer/0x94d84f41adae3972ce9c988c3c6f91b235d54849 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 437,806 New active users on Polygon: 116,067, with a daily increase of 1.79% Existing active users on Polygon: 321,739, with a daily decrease of 0.62% 3.1.2 New User Profile Core data: There were a total of 116,067 new active users on Polygon yesterday, with a daily increase of 1.79% Popular Sectors Popular Projects Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 321,739, with a daily decrease of 0.62% Popular Sectors Popular Projects Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. On May 1st, it announced that its protocol processed a total trading volume of US$2.3 billion in April, which indicates a significant growth in the protocol data. Most users continue to interact in anticipation of Layerzero’s future token issuance opportunity. Stargate continues to rank highly in terms of daily activity on Polygon. This is mainly due to airdrop hunters. During Layer0 cross-chain interaction processes, the gas costs in the “Polygon — Avalanche, Polygon — FTM, BNB — Polygon” cross-chains are relatively lower, boosting Stargate’s UAW data on Polygon. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 The top trading pairs on Polygon continue to be dominated by MATIC, stablecoins, and mainstream tokens. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 196,383 Arbitrum New Active Users: 44,873, with a daily increase of 14.94% Arbitrum Existing Active Users: 151,510, with a daily increase of 6.10% 4.1.2 New User Profile Core data: There were a total of 44,873 new active users on Arbitrum yesterday, with a daily increase of 14.94% Popular Sectors Popular Projects 0xMT (Token) — Mineable Token uses Bitcoin’s value storage concept. It employs the proof-of-work mechanism, with the reward rate halving in each Reward Era. The aim is to have a fairly distributed token. This is accomplished through contracts on the Arbitrum blockchain. This token has not yet established a liquidity pool. https://0xmt.com/ 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 151,510, with a daily increase of 6.10% Popular Sectors Popular Projects ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. 4.2 Popular Trading Pairs 4.2.1 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. 5.DApp Ecosystem — All Chains ISKRA (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Yesterday, the announcement of Normain Metaland conducting an INO on the platform garnered significant community attention on social media. SLM Games (DApp) — This is a cross-chain crypto casino platform built around BTC, ETH, BSC, EOS, WAX, TELOS, ThunderCore, and Solana. By incorporating GameFi, it offers more diversified gameplay for the ecosystem. 6.DApp Ecosystem — ETH Chain The top DApps on the Ethereum network are mainly centered around on-chain trading, including Uniswap, MetaMask Swap, 1inch, and others. 7.DApp Ecosystem — BSC Chain TinyTap (DApp) — The first participant of the Open Campus (EDU) project, which will be launched on Binance Launchpad. It is a decentralized education platform supported by Animoca Brands. It has recently been promoting its operational roadmap and project status on social media, drawing some attention. The associated token is already available on Bitget. 8.DApp Ecosystem — Polygon Chain Pixels (DApp) was explained earlier in the report. 9.DApp Ecosystem — WAX Chain WAX chain’s UAW fluctuations are within the normal range. 10.DApp Ecosystem — Solana Chain GameTrade Market (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and recently announced partnerships with twakegame, RadicalChess, PolkaFantasy, and other projects. 11.DApp Ecosystem — Arbitrum Chain Stargate (DApp) was explained earlier in the report. 12.DApp Ecosystem — GameFi Sector Across All Chains Iskra was explained earlier in the report. 13.Gas Fee Consumption — ETH Chain Metamask (DApp) — Metamask, which includes a built-in swap feature, remains the preferred choice for many users despite the 0.875% swap fee. This is due to its massive traffic and convenient operations, making it a popular option for cryptocurrency transactions. 14.Gas Fee Consumption — BSC Chain Tomcat Inu (Token) — A Tom and Jerry-themed memecoin, with a liquidity pool of US$110,000 and a daily trading volume of US$634,700. It has increased by 572.69% in the past 24 hours. The contract includes a 10% buy and sell tax. It is essential to stay updated on this token and exercise caution. https://www.dextools.io/app/cn/bnb/pair-explorer/0x83346ff56d8169b1a1dbfecef660921c14396fee 15.Gas Fee Consumption — Polygon Chain BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain. 16.Gas Fee Consumption — Arbitrum Chain Gelato Network (DApp) — An Ethereum robot network, capable of automatically executing any smart contracts for users on Ethereum and other blockchains. The Gelato Network is primarily focused on the automation of smart contracts and is generally used for executing limit orders. 17.Twitter Trends Token Top 20 OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list, with its price experiencing a more than 150% increase in the past week and a 50% increase in the past 24 hours. 18.Google Trends — Global Bitcoin (Token) — The price of Bitcoin remains stable at around $27,000. With the waning popularity of BRC20, Bitcoin lacks new narratives and price catalysts. Simultaneously, given the unstable external environment, traders are waiting for the latest developments on the US debt ceiling impasse. Bitcoin has been relatively stable recently. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: gmt Pakistan Trending Keywords: btc to usdt, top 10 crypto exchanges b) Southeast Asia Region Indonesia Trending Keywords: crypto news, poocoin, learn crypto Malaysia Trending Keywords: crypto exchange, bybit, huobi Thailand Trending Keywords: crypto bubbles Philippines Trending Keywords: pi, btc, okb c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: crypto news 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: crypto pro, crypto bubbles, dune b) English-speaking Countries Canada Trending Tokens: dot, req, btc, pi, shib UK Trending Tokens: tonic, rndr USA Trending Tokens: jesus, arpa Australia Trending Tokens: floki, easy, ladys, neo, cfx c) Europe Poland Trending Keywords: zonda, ergo, shib, eth Germany Trending Keywords: bit global crypto leaders, crypto shards France Trending Tokens: trx, arpa, bob, ftm, fet Italy Trending Tokens: ada, cfx Turkey Trending Keywords: crypto royal, vbet crypto Spain Trending Tokens: polis, gmx, shib 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: crypto market cap, binance, crypto bubbles, hotbit, cex meaning in crypto b) Middle East Trending Keywords: dmcc crypto, bitcoin, coinmarketcap c) Latin America Brazil Trending Tokens: bob, aave Argentina Trending Keywords: coinmarketcap, shiba inu Mexico Trending Keywords: render token crypto

Bitget Research: Market Sentiment Recovers, with Strong Performance in the Overall Market

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1. Popular Tokens: GEN (token) — Generational Wealth, a memecoin representing the Chad elites. LP tokens have been destroyed, and the recent community popularity is high. It has risen dozens of folds since its launch, with a current market value of US$18 million and a 24-hour trading volume of US$14.83 million. CLUB (token) — Crypto Penguin’s memecoin, a nostalgic penguin meme. It will launch a mini-game soon. Its current market value stands at US$1.18 million with a 24-hour trading volume of US$3.67 million, which means a high turnover rate. WAGMI (token) — A trending memecoin recently, a phrase commonly seen on the internet “we are gonna make it”. Vitalik Buterin wore a T-shirt with these words at the Montenegro Conference not long ago. The token has a high popularity in the community, with a current market value of US$7.65 million, and a 24-hour trading volume of US$10.77 million, clearly in a rising trend. Gala (Token) — On May 16, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2). The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16 that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. The currency price of GALA has risen by 15% since the news came out, and it is currently consolidating at a high level, with a 24-hour trading volume of US$240 million. TURBO (Token) — A memecoin with a contract written by AI, TURBO was created by digital artist Rhett Mankind. Beeple tweeted an image with the mention of “$TURBO,” and Elon Musk replied with a crying laughing emoji, sparking discussions. As the meme market witnessed a gradual decline in investor interest, NFT whale Pranksy liquidated their entire holding of TURBO. Yesterday, OKX conducted a vote for listing, including TURBO, which fueled speculation around the project. Currently, it has a market capitalization of $48 million and a 24-hour on-chain trading volume of $6.5 million. $MONG (Token) — A memecoin that originated from a U.S. Congressman’s incoherent ramblings, in which he mentioned MONG COIN several times. It represents a degenerate meme culture and a positive community atmosphere. Affected by OKX’s Vote to List promotion, there has been hype again. The current market value of the token is US$100 million, and the 24-hour trading volume is US$15 million. AiONE (Token) — This is an AI concept token, positioned as an AIaaS platform. Benefiting from the recent hype of AI, the liquidity on-chain is US$230,000, and its market value stands at US$49.64 million. The trading volume in the past 24 hours is only US$950,000 though. CAPO (Token) — A memecoin themed around the Godfather movie, CAPO had its TGE last week. The current market value is US$16.5 million, and the 24-hour trading volume is US$5.52 million. It’s popular in the community and is listed on Bitget. agEUR (token) — A Euro-pegged decentralized stablecoin supported by Aagel Protocol. The project has been deployed on multiple networks, and the cross-chain demand is strong. The current market value is US$18.9 million, and the 24-hour trading volume is US$1.67 million. Its share in the centralized stablecoin segment is still limited but it has the potential to grow. ARB (token) — Arbitrum will kick off Delegation Week on May 22. Token holders and delegates will participate in the event to strengthen the democratization and fairness of the DAO. At present, Arbitrum is still the Layer 2 network with the largest TVL, and its trading volume is the 3rd largest on public networks. Projects within the ecosystem have rebounded with the market recently. GMX (token) — The decentralized derivatives protocol GMX announced today that its V2 testnet is open to the public, and users can test it on the Avalanche Fuji testnet. The new features of the V2 testnet include market orders, limit orders, stop-profit and stop-loss orders, etc. In addition, V2 will implement a funding fee to balance the long-short ratio. The token price rebounded slightly, with a 24-hour trading volume of US$19.6 million. RDNT (token): The multi-chain lending protocol Radiant Capital has passed the proposal of “RFP-18: Strategic Application of $ARB Allocation from Radiant DAO Treasury” with an approval rate of 89%. According to the proposal, 40% of the 3.348 million ARB tokens that the Arbitrum Foundation granted to the Radiant Treasury will be airdropped to the eligible dLP lockers, 30% will be distributed to the dLP lockers on Arbitrum, and the remaining 30% will be used as a strategic reserve for future DAO use. Kappe (token) — A project that was open to claim and established a trading pool on PancakeSwap yesterday, it experienced a short-term pullback and then fell significantly. It is currently in the second wave of rising trends, but the strength is weak. The total size of the liquidity pool is US$36,000 with a 24-hour trading volume of US$110,000. A total of 1,223 transactions occurred, and 451 individuals participated. The popularity of the project is average. It’s recommended to stay updated. 2. Popular NFTs: HV-MTL (NFT) — The Bored Ape Yacht Club has introduced a derivative NFT collection called HV-MTL (Heavy Metal), consisting of 30,000 mechs from eight different power sources. Starting from March 15, 2023, owners can burn eligible Sewer Passes to summon an energy source, which will display an Evo 1 mech. Evo 1 holders can participate in future mini-game sets using their Evo 1 to unlock additional evolution stages for HV-MTL. Currently, the total NFT trading volume is 27,699E, with a floor price of 1.05E. There are 10,100 holding addresses. It’s worth keeping an eye on this project. Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. 3. Popular DApps: Uniswap (DApp): The overall on-chain transaction volume has decreased compared to before, resulting in a decline in Ethereum gas fees. Recently, it was announced that a decentralized exchange will be developed on the Polkadot parachain Moonbeam. The proposal has been completed and approved through voting. TinyTap (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. Its community includes over 9.5 million families and 250,000 educators, offering 250,000 interactive lessons from around the world. Its token, EDU, was previously launched on Binance Launchpad. Driven by its token, the platform is top-ranked on the BSC chain in terms of activity. Hooked Protocol (DApp) — A former Binance Launchpad project and a Web3 education concept, the project has released a test version of a kind of AI product called “Hooked Academy Sensei”. They have tweeted that they are working with OpenCampus to create a future learning experience. At present, its popularity is moderate, with a 24-hour trading volume of US$10 million, mainly used by users of its app. 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. The project announced a partnership with Immunefi to launch a US$15 M bug bounty program. With high on-chain interactions, LayerZero records 275,000 transfers in the last 24 hours, close to its historical record of 284,000. Quadrant Protocol (DApp) — A blockchain-based protocol that allows access, creation, and distribution of data products and services that are centered on authenticity and provenance. Its token is eQUAD, which had its ICO in 2018. The current market cap is US$7.25 million, with only US$5,200 in trading volume. Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community. Woo (DApp) — A DeFi product with built-in features of Woofi Swap and Woofi Earn. Through a multi-chain deployment with Stargate, the platform has a 24-hour trading volume of US$15.18 million. Currently, only a few coin pairs are supported, most of which are mainstream coins. GameTradeMarket (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and recently announced partnerships with twakegame, RadicalChess, PolkaFantasy, and other projects. Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$170 million as the heat has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$485,000. Rocket Pool (DApp) — The LSD sector project has seen continuous growth in Total Value Locked (TVL) since the Shanghai upgrade. There is high enthusiasm among users for participating in staking, leading to a new TVL record. By staking ETH on the platform, users can earn 5% or 8% node rewards. You can participate in or stay updated on this opportunity. The token has been listed on Bitget. Holograph (DApp) — The project team behind it was engaged in multi-chain native asset generation, cross-chain transfer, and other services. The quality of the project is good. A total of 300,000 people participated in its free mint promotion. The project boasts great UI/UX design. The built-in SDK, API, and other functions are friendly to developers. It’s advised to keep an eye on the project. 4. Twitter Hot Topics: RNDR (Token) — The AI token in the market has experienced several days of continuous volatility, indicating a need for speculative catalysts to attract funds. RNDR, in recent times, has heavily promoted its AI rendering capabilities for images and animations on social media, indicating strong fundamentals. Today, RNDR has surged by 18%, with trading volume more than doubling compared to normal days, fueled by heightened speculation within the community. 5. Regional Trending Searches: GALA (Token) — The Gala v2 snapshot has concluded, allowing all native GALA tokens to be exchanged for GALA (v2) in the future. The project commits to quarterly token burns of 500 million GALA, as stated in the 2023 Gems Vision Plan. Furthermore, the team revealed on May 16th via Medium that an additional burn of 3.96 billion GALA is currently underway, providing significant support to the token. AXS (Token) — Apple has approved the listing of the Axie Infinity game on the App Store, which indicates a significant increase in traffic for Axie Infinity once it is available on the Apple Store. This development provides strong fundamental support to the project. Yesterday, the AXS token experienced a sudden surge of over 20%, making it worth continued attention. Main Body Written by: Bitget Research Data collection time: May 18, 10:30 AM Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1. Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 391,262 New active users of ETH: 72,435, with a daily decrease of 2.50% Existing active users of ETH: 318,827, with a daily decrease of 0.48% 1.1.2 New User Profile Core data: There were a total of 72,435 new active users on ETH yesterday, with a daily decrease of 2.50% Popular Sectors Popular Projects Key Projects: Uniswap (DApp): The overall on-chain transaction volume has decreased compared to before, resulting in a decline in Ethereum gas fees. Recently, it was announced that a decentralized exchange will be developed on the Polkadot parachain Moonbeam. The proposal has been completed and approved through voting. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 318,827, with a daily decrease of 0.48% Popular Sectors Popular Projects Key Projects: Gala (Token) — On May 16, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2). The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16 that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. The currency price of GALA has risen by 15% since the news came out, and it is currently consolidating at a high level, with a 24-hour trading volume of US$240 million. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 GEN (token) — Generational Wealth, a memecoin representing the Chad elites. LP tokens have been destroyed, and the recent community popularity is high. It has risen dozens of folds since its launch, with a current market value of US$18 million and a 24-hour trading volume of US$14.83 million. https://www.dextools.io/app/en/ether/pair-explorer/0x1ca4713fc4a95f76fcb498b2a5fe8759c53df1a1 CLUB (token) — Crypto Penguin’s memecoin, a nostalgic penguin meme. It will launch a mini-game soon. Its current market value stands at US$1.18 million with a 24-hour trading volume of US$3.67 million, which means a high turnover rate. https://www.dextools.io/app/en/ether/pair-explorer/0xdf865a573173fbe05293460d8ea6c55dd71f779b WAGMI (token) — A trending memecoin recently, a phrase commonly seen on the internet “we are gonna make it”. Vitalik Buterin wore a T-shirt with these words at the Montenegro Conference not long ago. The token has a high popularity in the community, with a current market value of US$7.65 million, and a 24-hour trading volume of US$10.77 million, clearly in a rising trend. https://www.dextools.io/app/en/ether/pair-explorer/0xd6c2af244dd56db3c9d276808eda8b5fb040007b 1.2.2 Uniswap V3 TURBO (Token) — A memecoin with a contract written by AI, TURBO was created by digital artist Rhett Mankind. Beeple tweeted an image with the mention of “$TURBO,” and Elon Musk replied with a crying laughing emoji, sparking discussions. As the meme market witnessed a gradual decline in investor interest, NFT whale Pranksy liquidated their entire holding of TURBO. Yesterday, OKX conducted a vote for listing, including TURBO, which fueled speculation around the project. Currently, it has a market capitalization of $48 million and a 24-hour on-chain trading volume of $6.5 million. $MONG (Token) — A memecoin that originated from a U.S. Congressman’s incoherent ramblings, in which he mentioned MONG COIN several times. It represents a degenerate meme culture and a positive community atmosphere. Affected by OKX’s Vote to List promotion, there has been hype again. The current market value of the token is US$100 million, and the 24-hour trading volume is US$15 million. 2. Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 2,031,265 New active users on BSC: 213,766, with a daily decrease of 6.11% Existing active users on BSC: 1,817,499, with a daily increase of 1,817,499 2.1.2 New User Profile Core data: There were a total of 213,766 new active users on BSC yesterday, with a daily decrease of 6.11% Popular Sectors Popular Projects Key Projects: TinyTap (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. Its community includes over 9.5 million families and 250,000 educators, offering 250,000 interactive lessons from around the world. Its token, EDU, was previously launched on Binance Launchpad. Driven by its token, the platform is top-ranked on the BSC chain in terms of activity. HOOK (DApp) — A former Binance Launchpad project and a Web3 education concept, the project has released a test version of a kind of AI product called “Hooked Academy Sensei”. They have tweeted that they are working with OpenCampus to create a future learning experience. At present, its popularity is moderate, with a 24-hour trading volume of US$10 million, mainly used by users of its app. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,817,499, with a daily decrease of 42.56% 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. The project announced a partnership with Immunefi to launch a US$15 M bug bounty program. With high on-chain interactions, LayerZero records 275,000 transfers in the last 24 hours, close to its historical record of 284,000. Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 AiONE (Token) — This is an AI concept token, positioned as an AIaaS platform. Benefiting from the recent hype of AI, the liquidity on-chain is US$230,000, and its market value stands at US$49.64 million. The trading volume in the past 24 hours is only US$950,000 though. CAPO (Token) — A memecoin themed around the Godfather movie, CAPO had its TGE last week. The current market value is US$16.5 million, and the 24-hour trading volume is US$5.52 million. It’s popular in the community and is listed on Bitget. 3. Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 451,726 New active users on Polygon: 94,973, with a daily decrease of 21.59% Existing active users on Polygon: 356,753, with a daily increase of 5.16% 3.1.2 New User Profile Core data: There were a total of 94,973 new active users on Polygon yesterday, with a daily decrease of 21.59% Popular Sectors Popular Projects Key Projects: agEUR (token) — A Euro-pegged decentralized stablecoin supported by Aagel Protocol. The project has been deployed on multiple networks, and the cross-chain demand is strong. The current market value is US$18.9 million, and the 24-hour trading volume is US$1.67 million. Its share in the centralized stablecoin segment is still limited but it has the potential to grow. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 356,753, with a daily increase of 5.16% Popular Sectors Popular Projects Key Projects: Quadrant Protocol (DApp) — A blockchain-based protocol that allows access, creation, and distribution of data products and services that are centered on authenticity and provenance. Its token is eQUAD, which had its ICO in 2018. The current market cap is US$7.25 million, with only US$5,200 in trading volume. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 On Polygon, the top ten traded pairs on Uniswap among active users consist of mainstream coins such as ETH, BTC, and stablecoins. 4. Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 213,507 Arbitrum New Active Users: 44,121, with a daily decrease of 23.55% Arbitrum Existing Active Users: 169,386, with a daily decrease of 11.47% 4.1.2 New User Profile Core data: There were a total of 44,121 new active users on Arbitrum yesterday, with a daily decrease of 23.55% Popular Sectors Popular Projects Key Projects: Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community. Woo (DApp) — A DeFi product with built-in features of Woofi Swap and Woofi Earn. Through a multi-chain deployment with Stargate, the platform has a 24-hour trading volume of US$15.18 million. Currently, only a few coin pairs are supported, most of which are mainstream coins. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 169,386, with a daily decrease of 11.47% Popular Sectors Popular Projects Key Projects: Orbiter (DApp) — A cross-chain bridge that currently supports cross-chain transactions between 11 chains. When users interact with networks such as zkSync Era/Lite, the gas cost of using the official cross-chain bridge to cross-chain from the ETH mainnet to zkSync is relatively high. Many users choose to use Orbiter to cross-chain from the Arbitrum chain to the zkSync network. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 ARB (token) — Arbitrum will kick off Delegation Week on May 22. Token holders and delegates will participate in the event to strengthen the democratization and fairness of the DAO. At present, Arbitrum is still the Layer 2 network with the largest TVL, and its trading volume is the 3rd largest on public networks. Projects within the ecosystem have rebounded with the market recently. GMX (token) — The decentralized derivatives protocol GMX announced today that its V2 testnet is open to the public, and users can test it on the Avalanche Fuji testnet. The new features of the V2 testnet include market orders, limit orders, stop-profit and stop-loss orders, etc. In addition, V2 will implement a funding fee to balance the long-short ratio. The token price rebounded slightly, with a 24-hour trading volume of US$19.6 million. RDNT (token): The multi-chain lending protocol Radiant Capital has passed the proposal of “RFP-18: Strategic Application of $ARB Allocation from Radiant DAO Treasury” with an approval rate of 89%. According to the proposal, 40% of the 3.348 million ARB tokens that the Arbitrum Foundation granted to the Radiant Treasury will be airdropped to the eligible dLP lockers, 30% will be distributed to the dLP lockers on Arbitrum, and the remaining 30% will be used as a strategic reserve for future DAO use. 5. DApp Ecosystem — All Chains GameTradeMarket (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and recently announced partnerships with twakegame, RadicalChess, PolkaFantasy, and other projects. Woofi (DApp) — A DeFi product on the ARB chain that includes Woofi Swap and Woofi Earn. It offers single-asset staking for $ARB. Its TVL has been steadily increasing over the past month, indicating a promising development trend. It is essential to stay updated on this project. 6. DApp Ecosystem — ETH Chain Manifold (DApp) — This is 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. HV-MTL (NFT) — The Bored Ape Yacht Club has introduced a derivative NFT collection called HV-MTL (Heavy Metal), consisting of 30,000 mechs from eight different power sources. Starting from March 15, 2023, owners can burn eligible Sewer Passes to summon an energy source, which will display an Evo 1 mech. Evo 1 holders can participate in future mini-game sets using their Evo 1 to unlock additional evolution stages for HV-MTL. Currently, the total NFT trading volume is 27,699E, with a floor price of 1.05E. There are 10,100 holding addresses. It’s worth keeping an eye on this project. https://opensea.io/collection/hv-mtl 7. DApp Ecosystem — BSC Chain Galxe (DApp) — The on-chain task platform, a top-tier application of the DID, has recently launched a new identity verification method that allows users to log in with their Ethereum address with just one click. Its recent Linea Voyage promotions have attracted wide attention. Yuliverse (DApp) is a parallel reality game metaverse inspired by Pokemon Go and Tinder. Combining the concepts of Move2Earn, GameFi, and Social, users can earn rewards and meet new friends in Yuliverse simply by walking around in the community. It has over 100,000 followers on Twitter, indicating good engagement on social media. 8. DApp Ecosystem — Polygon Chain 0x Protocol (DApp) — An infrastructure protocol that enables cross-chain transactions for ERC-20 tokens. The project has already launched its token, with a total market cap of US$250 million. Many DEXs use their services, and it is one of LayerZero’s competitors. With the upcoming launch of LayerZero, there may be more trading opportunities. The ZRX token is available for trading on Bitget. 9. DApp Ecosystem — WAX Chain Mining Network (DApp) — This is an NFT mining game on the WAX blockchain. Shortly after its launch, Mining Network ranked in the top three on the DappRadar leaderboard and was once a popular top-tier project. However, it has now stagnated and suffered from severe user loss. Taco (DApp) — Taco is a metaverse platform built on WAX, featuring modules such as a gaming platform, DEX, Dapp, NFT marketplace, and NFTs. It has shown steady activity on the WAX blockchain recently, making it worth continued attention in the future. 10. DApp Ecosystem — Solana Chain MeanFi (DApp) — A permissionless, self-custodial bank on Solana, with main modules including a payment stream system, an aggregated DEX, etc. The project has been a top DeFi application on Solana for a long time, with many ecosystem collaborations. However, there is no recent significant update about the project. 11. 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$170 million as the heat has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$485,000. 12. DApp Ecosystem — GameFi Sector Across All Chains ISKRA (DApp) — Iskra is a blockchain gaming platform built on Klaytn, bringing together gamers and game studios. Its DAU is continuously increasing. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users can access new gaming projects via its Launchpad. It planned to hold an exclusive AMA on May 18 featuring Global Business Director Ben, a chance for users to get the latest updates on Iskra. 13. Gas Fee Consumption — ETH Chain GALA (Token) — As promised in the 2023 Gems Vision Plan document, the team will destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16 that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which has effectively supported the token price. Rocket Pool (DApp) — The LSD sector project has seen continuous growth in Total Value Locked (TVL) since the Shanghai upgrade. There is high enthusiasm among users for participating in staking, leading to a new TVL record. By staking ETH on the platform, users can earn 5% or 8% node rewards. You can participate in or stay updated on this opportunity. The token has been listed on Bitget. https://www.bitget.com/en/spot/RPLUSDT_SPBL?type=spot 14. Gas Fee Consumption — BSC Chain Kappe (token) — A project that was open to claim and established a trading pool on PancakeSwap yesterday, it experienced a short-term pullback and then fell significantly. It is currently in the second wave of rising trends, but the strength is weak. The total size of the liquidity pool is US$36,000 with a 24-hour trading volume of US$110,000. A total of 1,223 transactions occurred, and 451 individuals participated. The popularity of the project is average. It’s recommended to stay updated. https://dexscreener.com/bsc/0x9c26a20fd515c67e5024f7a795f9f385fbc1dc6a 15. Gas Fee Consumption — Polygon Chain 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. Recently, LayerZero completed a US$120 million Series B funding round at a valuation of US$3 billion, with participation from a16z and Sequoia Capital, among others. LayerZero recently released its product development progress for April, which has garnered high community attention. Holograph (DApp) — The project team behind it was engaged in multi-chain native asset generation, cross-chain transfer, and other services. The quality of the project is good. A total of 300,000 people participated in its free mint promotion. The project boasts great UI/UX design. The built-in SDK, API, and other functions are friendly to developers. It’s advised to keep an eye on the project. https://www.holograph.xyz/holograph-app 16. Gas Fee Consumption — Arbitrum Chain Radiant (DApp) — It has adopted an ARB allocation proposal that will allocate approximately 2.33 million ARBs to new dLP locked-up users. The first snapshot was completed on May 18 at 2:00 AM. The second snapshot will be announced in the next 30–60 days and eligible dLPs must be locked on Arbitrum and BNB Chain for 6–12 months after the first snapshot and before the second snapshot. 17. Twitter Trends Token Top 20 RNDR (Token) — The AI token in the market has experienced several days of continuous volatility, indicating a need for speculative catalysts to attract funds. RNDR, in recent times, has heavily promoted its AI rendering capabilities for images and animations on social media, indicating strong fundamentals. Today, RNDR has surged by 18%, with trading volume more than doubling compared to normal days, fueled by heightened speculation within the community. https://www.bitget.com/en/spot/RNDRUSDT_SPBL?type=spot 18.Google Trends — Global GALA (Token) — The Gala v2 snapshot has concluded, allowing all native GALA tokens to be exchanged for GALA (v2) in the future. The project commits to quarterly token burns of 500 million GALA, as stated in the 2023 Gems Vision Plan. Furthermore, the team revealed on May 16th via Medium that an additional burn of 3.96 billion GALA is currently underway, providing significant support to the token. The token is available at: https://www.bitget.com/en/spot/GALAUSDT_SPBL?type=spot AXS (Token) — Apple has approved the listing of the Axie Infinity game on the App Store, which indicates a significant increase in traffic for Axie Infinity once it is available on the Apple Store. This development provides strong fundamental support to the project. Yesterday, the AXS token experienced a sudden surge of over 20%, making it worth continued attention. https://www.bitget.com/en/spot/AXSUSDT_SPBL?type=spot 19. Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: None Trending Keywords: Funding Rate, Opensea Pakistan Trending Keywords: CMC, Binance, Crypto Ban b) Southeast Asia Region Indonesia Trending Keywords: Mining, AA Miner, Pass Crypto Malaysia Trending Keywords: Crypto Mining, Avax, CGC, CMC Thailand Trending Keywords: Crypto Mining, Cloud Mining Philippines Trending Tokens: Gala, Bat, Pity, SLP c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto news Trending Tokens: QNT, PLI, WTK 20. Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Crypto Bubbles, Pepe, Gemini, Airdrop Crypto. b) English-speaking Countries Canada Trending Tokens: Kava, Xyo, Doge UK Trending Tokens: CTSI, Cake, KAS, AI Coins USA Trending Tokens: BEN, ETH, CTSI, ETH, AIDOGE, APT, AXS, JUNO Australia Trending Tokens: XRP, Aidoge, RNDR, NGS, GPT c) Europe Poland Trending Tokens: Chia, BTC, Ape, Safe Germany Trending Tokens: Gala, Taxes, CMC, Paypal, Bitbox France Trending Tokens: GMT, Poocoin, Pi, CSPR, BETH, RXD, CAKE Italy Trending Tokens: TRX, Turbo, Mana, BNB Turkey Trending Tokens and keywords: Faucet, GPT, BTC Spanish Trending Tokens: AAVE, AXS, ROSE, POOCOIN, Floki, ADA 21. Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: Etoro, Juno, Valr, Uniswap, XRP b) Middle East Trending Keywords: Uniswap, Rain, CMC, Crypto News； c) Latin America Brazil Trending Tokens: His, Worldcoin, Vector Argentina Trending keywords: Luna, PVU Mexico Trending keywords: Bitcoin, Pepe, Solana

Bitget Research: Exchange Rate Between ETH and BTC Surges 3% in a Single Day, Altcoins Experience a General Rally

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: SUIBG (Token) — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. Blur (Token) — On March 28, Blur platform traded a total of 14,000 ETH, while OpenSea traded 5523 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.52 USDT. The short-term price of BLUR is expected to continue to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to keep track of the progress of subsequent products. ARB (Token) — The claiming rate for the Arbitrum airdrop has reached 87% over the past 5 days, and the selling pressure from the airdrop has basically ended. In the past two days, the TVL of the top ten chains has increased by 10% against the trend, with high retention of funds and activity. After suffering a significant sell-off following the airdrop, the ecosystem has been supported and rebounded. Large holders continue to buy in, including ARB, GMX, and GRAIL, with the largest increase in the past 24 hours being 13%, 20%, and 14%, respectively. SHOBBES (Token) — Positioned as Hobbes’ girlfriend, and Hobbes is Elon Musk’s pet dog. With these connections, the popularity of SHOBBES has increased, with a liquidity of $23,000 on the chain and a 24-hour trading volume of $557,000. Contract detection shows a 3% buying and selling tax and risk of the ability to pause trading. It is essential to stay updated on this token. LOVE (Token) — Positioned as the official memecoin of Pormchain, the token has only been listed for two days with on-chain liquidity of $100,000 and a 24-hour trading volume of $795,000. The token has seen a 51% decline in the past 24 hours, and there is a 10% sell tax and risk of the ability to pause trading. It is essential to observe this token. CODE (Token) — CODE is positioned as an AI meme concept, and the project has not made any tweets so far. The on-chain liquidity is $7300, with a 24-hour trading volume of $69,000. In a single day, the token has seen an 80% drop, and there is a 5% buy and sell tax with the risk of pausing trading. It has large price fluctuations, making it an essential token to be aware of. HOBBES (Token) — Hobbes is a MEME community formed by claiming to be Elon Musk’s dog. The token had a TGE on March 21 and started trading on DEX. The contract has no fatal issues, and the current token liquidity pool is $482,000 with a 24-hour on-chain trading volume of $1.75 million. It has performed well, making it an essential token to stay updated on. HEX (Token) — Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a blockchain certificate of deposit. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $6.58 million in the last 24 hours. It has received high attention from the community. PAW (Token) — This is a DEX built on Shibarium. The Twitter account is showing as banned. The token has been fluctuating significantly, with a 10x increase from the bottom before entering a correction phase. In the past 24 hours, the trading volume was $610,000, while trading activity has decreased. It is essential to stay updated on this token, especially after its adjustment is complete. Bitget has listed this token. SQUA (Token) — The project claims to be a payment token. It has a liquidity pool of $6.28 million and a daily trading volume of $1.99 million. It has good volume and a clean contract, making it an essential token to stay updated on. PEOPLE (Token) — PEOPLE is a token on BSC, with 28,923 holders and $76,000 in liquidity. The token had a 24-hour trading volume of $133,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. TIME (Token) — The token plummeted by 96% today, with an on-chain pool of only $81,000, while the 24-hour trading volume has reached $5.38 million. The trading volume is growing rapidly. Contract analysis shows no issues. It is essential to stay updated on this token. AI (Token) — This is a token with a focus on the chat AI concept. It has an on-chain liquidity of $294,000, and a 24-hour trading volume of $607,000. The contract analysis shows no major risks. It is important to keep a close watch on this token. GMX (Token) — This is a leading derivative DEX on Arbitrum with a strong recent price performance. After a period of correction, it has quickly rebounded, with a 14.5% increase over the past two days. It is important to keep a close watch on this token in the future. 2.Popular NFTs: y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. To Ethereum, with Love (NFT) — This NFT is a commemorative NFT gift from Polygon Labs that marks the Beta launch of the Polygon zkEVM mainnet. These NFTs can be minted on platforms such as fair.xyz, and there are currently over 21,000 holders. BROZO (NFT) — A highly popular NFT recently sold out shortly after it was made available on Public Mint on Polygon. It trended as the top NFT on OpenSea and has seen significant trading volume on Magic Eden. Currently, there are 3,861 holders with a floor price of 78MATIC. 3.Popular DApps: zkSync Era, zkSync (DApp) — Due to the impact of Arbitrum’s airdrop, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, the number of independent wallet addresses on zkSync Era’s mainnet has reached 145,000, with 29,400 ETH cross-chained to zkSync, and a total of 167,000 transfers. User activity continues to increase. Starknet: StarknetEthBridge (DApp) — Similarly benefiting from the airdrop expectations, Starknet’s user activity is also ranking high. The total number of transfers on the network has reached 303,000, with a total of 231,000 users. The peak of interaction was on March 25th, with 14,000 daily users and 15,400 transfers, an increase of 27x and 28x respectively compared to the bottom level in early March, indicating a very rapid growth rate. Chiliz (DApp) — On March 28th, Chiliz announced that it will launch the Chiliz Sports Blockchain on May 10th, which has gained a lot of attention from the community. The community believes that the launch of the mainnet can bring more empowerment to CHZ, strengthen the value of the entire network, and increase the on-chain activity. Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. HOOK (DApp) — HOOK has been running an operation to create AI-generated comics. It shared some beautifully crafted technical works on Twitter to promote its project. With the recent popularity of AI, the spread effect on Twitter is good. On March 28th, it announced that it would be the only AIGC technology partner for the BNB Chain Easter Egg Hunt 2023, continuously strengthening the concept of AI+education in community operations and future product direction. AtomicAssets (DApp) — AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The app has been downloaded over 1 million times on Google and recently held an event to distribute testing qualifications for the new version of Sweat Hero. The project falls under the category of traffic-based projects and has a high level of activity. Balancer * Philand (DApp) — Balancer is an OG DEX, and Philand is a social task platform based on ENS and on-chain/off-chain wallets, providing a visualization of on-chain identity. Balancer and Philand jointly launched a new interactive NFT Claime event yesterday, in which users can earn corresponding NFTs by trading, providing liquidity, and voting on Balancer. 4.Twitter Hot Topics: KMA (Token) — Calamari Network is a community-driven testnet for the privacy-focused Manta Network project in the Polkadot ecosystem. It is also a privacy-preserving parachain on Kusama, aimed at providing on-chain privacy services to the entire Kusama DeFi network. KMA has a daily trading volume of $140,000, with moderate attention. It is essential to stay updated on this token. XRP (Token) — According to a source familiar with the case, there may be an important ruling in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) this week. The lawsuit has been ongoing for some time and the ruling will have a significant impact on the future direction of XRP. It is widely expected that if the ruling is favorable to XRP, its price may rise significantly. Conversely, if the ruling is unfavorable to XRP, its price may suffer a serious blow. Regardless of the outcome, investors should closely monitor the ruling and adjust their investment strategies accordingly. AAVE (Token) — A decentralized finance platform, Aave allows users to deposit their cryptocurrencies into smart contracts to earn interest and also allows them to borrow other crypto assets from the platform. Additionally, Aave has launched a flash loan product that allows users to borrow and return assets in an extremely short amount of time, providing an innovative solution for the decentralized finance sector. 5.Regional Trending Searches: Recently, XRP has frequently appeared on regional hot searches, and leading projects in various fields, such as the Hong Kong sector, Arbitrum ecology, zk EVM ecology, BTC layer-2, and LSD sector, are showing signs of activity. The exchange rate of ETH to BTC increased by 3.37% in a single day, and ETH achieved its first positive breakthrough after half a month of decline and volatility. ETH achieved its first bullish breakthrough with a long green candlestick. As a result, altcoins and popular leading coins have become active, and it is recommended to focus on the leading projects that were hyped up in January and February. Main Body Written by: Bitget Research Data collection time: March 29, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 497,981 New active users of ETH: 91,033, with a daily increase of 12.66% Existing active users of ETH: 406,948, with a daily increase of 11.02% 1.1.2 New User Profile Core data: There were a total of 91,033 new active users on ETH yesterday, with a daily increase of 12.66% Popular Sectors Popular Projects Key Projects: zkSync Era, zkSync (DApp) — Due to the impact of Arbitrum’s airdrop, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, the number of independent wallet addresses on zkSync Era’s mainnet has reached 145,000, with 29,400 ETH cross-chained to zkSync, and a total of 167,000 transfers. User activity continues to increase. Starknet: StarknetEthBridge (DApp) — Similarly benefiting from the airdrop expectations, Starknet’s user activity is also ranking high. The total number of transfers on the network has reached 303,000, with a total of 231,000 users. The peak of interaction was on March 25th, with 14,000 daily users and 15,400 transfers, an increase of 27x and 28x respectively compared to the bottom level in early March, indicating a very rapid growth rate. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 406,948, with a daily increase of 11.02% Popular Sectors Popular Projects Key Projects: Chiliz (DApp) — On March 28th, Chiliz announced that it will launch the Chiliz Sports Blockchain on May 10th, which has gained a lot of attention from the community. The community believes that the launch of the mainnet can bring more empowerment to CHZ, strengthen the value of the entire network, and increase the on-chain activity. Blur (Token) — On March 28, Blur platform traded a total of 14,000 ETH, while OpenSea traded 5523 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.52 USDT. The short-term price of BLUR is expected to continue to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to keep track of the progress of subsequent products. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 SHOBBES (Token) — Positioned as Hobbes’ girlfriend, and Hobbes is Elon Musk’s pet dog. With these connections, the popularity of SHOBBES has increased, with a liquidity of $23,000 on the chain and a 24-hour trading volume of $557,000. Contract detection shows a 3% buying and selling tax and risk of the ability to pause trading. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x1b66beec10a94a83b423064878e269e0894777a5 LOVE (Token) — Positioned as the official memecoin of Pormchain, the token has only been listed for two days with on-chain liquidity of $100,000 and a 24-hour trading volume of $795,000. The token has seen a 51% decline in the past 24 hours, and there is a 10% sell tax and risk of the ability to pause trading. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0xc93e3851de03b0e45512aaabe2dc9619e0650eed CODE (Token) — CODE is positioned as an AI meme concept, and the project has not made any tweets so far. The on-chain liquidity is $7300, with a 24-hour trading volume of $69,000. In a single day, the token has seen an 80% drop, and there is a 5% buy and sell tax with the risk of pausing trading. It has large price fluctuations, making it an essential token to be aware of. https://www.dextools.io/app/en/ether/pair-explorer/0x625ae6416e5c8e5360448af89750f9990655591a HOBBES (Token) — Hobbes is a MEME community formed by claiming to be Elon Musk’s dog. The token had a TGE on March 21 and started trading on DEX. The contract has no fatal issues, and the current token liquidity pool is $482,000 with a 24-hour on-chain trading volume of $1.75 million. It has performed well, making it an essential token to stay updated on. https://www.dextools.io/app/en/ether/pair-explorer/0x6178081202165c521c80b95d2c7ef54893c7232c 1.2.2 Uniswap V3 HEX (Token) — Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a blockchain certificate of deposit. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $6.58 million in the last 24 hours. It has received high attention from the community. https://www.dextools.io/app/en/ether/pair-explorer/0x69d91b94f0aaf8e8a2586909fa77a5c2c89818d5 PAW (Token) — This is a DEX built on Shibarium. The Twitter account is showing as banned. The token has been fluctuating significantly, with a 10x increase from the bottom before entering a correction phase. In the past 24 hours, the trading volume was $610,000, while trading activity has decreased. It is essential to stay updated on this token, especially after its adjustment is complete. Bitget has listed this token. https://www.dextools.io/app/en/ether/pair-explorer/0x0dba3dfee43d9b6450c716c58fdae8d3be37fdc9 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,655,508 New active users on BSC: 178,677, with a daily increase of 21.97% Existing active users on BSC: 1,476,831, with a daily increase of 25.46% 2.1.2 New User Profile Core data: There were a total of 178,677 new active users on BSC yesterday, with a daily increase of 21.97% Popular Sectors Popular Projects Key Projects: Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. SQUA (Token) — The project claims to be a payment token. It has a liquidity pool of $6.28 million and a daily trading volume of $1.99 million. It has good volume and a clean contract, making it an essential token to stay updated on. https://www.dextools.io/app/cn/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e PEOPLE (Token) — PEOPLE is a token on BSC, with 28,923 holders and $76,000 in liquidity. The token had a 24-hour trading volume of $133,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x38ef44d5ec9849998499b057699f81f480e85e85 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,476,831, with a daily increase of 25.46% Popular Sectors Popular Projects Business Opportunity HOOK (DApp) — HOOK has been running an operation to create AI-generated comics. It shared some beautifully crafted technical works on Twitter to promote its project. With the recent popularity of AI, the spread effect on Twitter is good. On March 28th, it announced that it would be the only AIGC technology partner for the BNB Chain Easter Egg Hunt 2023, continuously strengthening the concept of AI+education in community operations and future product direction. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 TIME (Token) — The token plummeted by 96% today, with an on-chain pool of only $81,000, while the 24-hour trading volume has reached $5.38 million. The trading volume is growing rapidly. Contract analysis shows no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xad1fedfb04377c4b849cef6ef9627bca41955fa0 AI (Token) — This is a token with a focus on the chat AI concept. It has an on-chain liquidity of $294,000, and a 24-hour trading volume of $607,000. The contract analysis shows no major risks. It is important to keep a close watch on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xefed08a7e67a702fd1eee992da1ad028f47ddc7f 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 488,554 New active users on Polygon: 110,185, with a daily increase of 29.22% Existing active users on Polygon: 378,369, with a daily increase of 9.76% 3.1.2 New User Profile Core data: There were a total of 110,185 new active users on Polygon yesterday, with a daily increase of 29.22% Popular Sectors Popular Projects Key Projects: SUIBG (Token) — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. Rabbit Hole (DApp) — A blockchain-based task and learning platform where users can earn certification points by participating in contract operations of various DApps. The project has just been deployed on the Polygon network, which reduces transaction fees for users. The project has a large community following. It is essential to stay updated on this project. https://rabbithole.gg/ 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 378,369, with a daily increase of 9.76% Popular Sectors Popular Projects Key Projects: Lens (DApp) — Lens Protocol Profiles, the username NFT for the Lens protocol, has doubled in floor price in the past week. The number of transactions has reached 3200, mainly due to the impact of the Arbitrum airdrop. Users can pay attention to its ecological projects such as Phaver, Lenster, and Orb. ZED RUN (DApp) — A horse racing game that has already launched, with 67,600 followers on Twitter and 141,000 monthly visits according to Similarweb. The majority of visitors are from the United States (45.7%) and the United Kingdom (34.51%). The game is very popular within its community. https://zed.run/ 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 TXAU (Token) — TXAU is positioned as a Web3 precious metal market, with over 10,000 downloads on Google Play. The token has an on-chain liquidity of $43,000 and a 24-hour trading volume of $24,000. Contract analysis shows the presence of proxy contracts. It is essential to keep observing this token. https://www.dextools.io/app/en/polygon/pair-explorer/0x6488adfdbb85ce0302faa6ac72c8693eba81df83 BOB (Token) — BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them privately and securely. Currently, this token is stable at a 1:1 exchange rate with USDC. The token has a 24-hour on-chain trading volume of $816,000, a liquidity pool of $5.68 million, and 3094 holders. Decentralized stablecoins are currently hot in the market, so it is important to keep a close watch on this token. https://www.dextools.io/app/cn/polygon/pair-explorer/0x0a63d3910ffc1529190e80e10855c4216407cc45 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 220,807 Arbitrum New Active Users: 36,063, with a daily decrease of 12.31% Arbitrum Existing Active Users: 184,744, with a daily increase of 8.86% 4.1.2 New User Profile Core data: There were a total of 36,063 new active users on Arbitrum yesterday, with a daily decrease of 12.31% Popular Sectors Popular Projects Key Projects: Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of Arbitrum airdrop, a large number of users are interested in obtaining the Layerzero airdrop to participate in the use of Stargate. VELA (DApp) — Vela Exchange is a rebranded product of Dexpools ($DXP). Dexpools used to be a platform for peer-to-peer OTC trading of tokens and NFTs. Recently, Vela Exchange aims to create a trading platform similar to GMX. The current on-chain TVL is $50.7 million. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 184,744, with a daily increase of 8.86% Popular Sectors Popular Projects Key Projects: MetaMask (DApp) — Recent hints at new token launches have led to a significant increase in trading volume for MetaMask. The number of user addresses that have interacted with MetaMask Swap, the DEX aggregator built into the MetaMask crypto wallet, has surpassed 1.6 million. In total, over 14.46 million swap transactions have been made, resulting in a cumulative trading volume of over $55.6 billion, bringing in $487 million in platform fees for MetaMask. GDX (Token) — This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary market price saw a 10x increase. The on-chain liquidity is $204,000, and the trading volume is $21,000. Although the trading volume is relatively low, the frequency of trades is high. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 ARB (Token) — The claiming rate for the Arbitrum airdrop has reached 87% over the past 5 days, and the selling pressure from the airdrop has basically ended. In the past two days, the TVL of the top ten chains has increased by 10% against the trend, with high retention of funds and activity. After suffering a significant sell-off following the airdrop, the ecosystem has been supported and rebounded. Large holders continue to buy in, including ARB, GMX, and GRAIL, with the largest increase in the past 24 hours being 13%, 20%, and 14%, respectively. GMX (Token) — This is a leading derivative DEX on Arbitrum with a strong recent price performance. After a period of correction, it has quickly rebounded, with a 14.5% increase over the past two days. It is important to keep a close watch on this token in the future. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x913398d79438e8d709211cfc3dc8566f6c67e1a8 5.DApp Ecosystem — All Chains AtomicAssets (DApp) — AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. Galxe (DApp) — Galxe is an on-chain task platform and a top-tier DID application. Recently, a new identity verification method was launched allowing users to log in with a single click using their Ethereum address. Yesterday, they held an AMA in collaboration with PolygonGaming, and participants were able to receive Galxe OAT tokens. Iskra (DApp) — Iskra is a blockchain gaming platform primarily built on Klaytn, bringing together gamers and game studios. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users will have the opportunity to be the first to explore new gaming projects through the platform’s Launchpad. Currently, Iskra is in its second round of NFT tasks and will launch its third round after the end of the month. Platform’s UAW activity is extremely high. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The app has been downloaded over 1 million times on Google and recently held an event to distribute testing qualifications for the new version of Sweat Hero. The project falls under the category of traffic-based projects and has a high level of activity. 6.DApp Ecosystem — ETH Chain Manifold (DApp) — This is 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 and updated its functionality yesterday, allowing Manifold metadata to be automatically updated. The project maintains high daily activity due to its NFT minting feature. 7.DApp Ecosystem — BSC Chain TinyTap (DApp) — Tinytap is a decentralized education platform backed by Animoca Brands. The platform currently has over 200,000 educational games focused on early childhood learning and development, allowing teachers to earn revenue through blockchain technology. Mobox (DApp): Mobox is a leading blockchain game project on the BSC chain that has introduced MODDragon NFT. The project uses AI technology for incubation and cultivation and has announced a major upcoming update through its official channels. Platform’s UAW activity continues to remain high. 8.DApp Ecosystem — Polygon Chain Balancer * Philand (DApp) — Balancer is an OG DEX, and Philand is a social task platform based on ENS and on-chain/off-chain wallets, providing a visualization of on-chain identity. Balancer and Philand jointly launched a new interactive NFT Claime event yesterday, in which users can earn corresponding NFTs by trading, providing liquidity, and voting on Balancer. 9.DApp Ecosystem — WAX Chain AtomicAssets (DApp) — As mentioned earlier in the report, AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. NeftyBlocks (DApp) is an NFT trading platform on the WAX blockchain. On March 28th, WAX conducted a blockchain update and released the Antelope tool, which provides a range of general tools, interfaces, APIs, and documentation resources to build Web3 games and other applications on WAX. Benefiting from the increased activity on WAX, the project has sustained UAW activity recently with no special events. 10.DApp Ecosystem — Solana Chain Meanfi (DApp) — Meanfi is a permissionless, self-hosted bank on Solana, consisting of various modules including a payment system and an aggregated DEX. The project has been a top DEFI application on Solana for a long time and has many ecosystem collaborations. There have been no recent updates. 11.DApp Ecosystem — Arbitrum Chain Arbitrum’s ecosystem data was abnormal today, therefore no statistics were conducted. 12.DApp Ecosystem — GameFi Sector Across All Chains Iskra (DApp) — A blockchain game platform built on Klaytn, as previously described. Currently running its second round of NFT tasks and will launch its third round after the end of the month. Platform’s UAW activity is extremely high. 13.Gas Fee Consumption — ETH Chain To Ethereum, with Love (NFT) — This NFT is a commemorative NFT gift from Polygon Labs that marks the Beta launch of the Polygon zkEVM mainnet. These NFTs can be minted on platforms such as fair.xyz, and there are currently over 21,000 holders. https://opensea.io/collection/to-ethereum-with-love CHZ (Token) — Chiliz, a sports and entertainment blockchain solution, announced yesterday that it will launch a new blockchain focused on sports on May 10. CHZ has been active since March: (1) on March 1, Chiliz launched the $50 million incubator and accelerator program Chiliz Labs, supported by Jump Crypto; shortly thereafter, the sports NFT platform Blockasset received an equity investment from Chiliz and shifted from Solana to Chiliz Chain 2.0; (2) on March 16, Chiliz acquired a 20% stake in the athlete memorabilia platform MatchWornShirt. https://coinmarketcap.com/currencies/chiliz/ 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. 15.Gas Fee Consumption — Polygon Chain BROZO (NFT) — A highly popular NFT recently sold out shortly after it was made available on Public Mint on Polygon. It trended as the top NFT on OpenSea and has seen significant trading volume on Magic Eden. Currently, there are 3,861 holders with a floor price of 78MATIC. https://opensea.io/collection/brozo y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. 16.Gas Fee Consumption — Arbitrum Chain cbridge (DApp), (cbridge.celer.network) — cbridge supports cross-chain bridges for multiple chains, with a front-end page that integrates more than 40 chains. The platform has stable traffic, with a monthly average of 150,000 total visits and 70,000 unique visitors. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: ARB, APE Newly listed tokens: ARB 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: ARB, BTC, ETH Builders mentioned the following tokens: ARB, KMA KMA (Token) — Calamari Network is a community-driven testnet for the privacy-focused Manta Network project in the Polkadot ecosystem. It is also a privacy-preserving parachain on Kusama, aimed at providing on-chain privacy services to the entire Kusama DeFi network. KMA has a daily trading volume of $140,000, with moderate attention. It is essential to stay updated on this token. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, ZEUM 20.Google Trends — Global XRP (Token) — According to a source familiar with the case, there may be an important ruling in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) this week. The lawsuit has been ongoing for some time and the ruling will have a significant impact on the future direction of XRP. It is widely expected that if the ruling is favorable to XRP, its price may rise significantly. Conversely, if the ruling is unfavorable to XRP, its price may suffer a serious blow. Regardless of the outcome, investors should closely monitor the ruling and adjust their investment strategies accordingly. AAVE (Token) — A decentralized finance platform, Aave allows users to deposit their cryptocurrencies into smart contracts to earn interest and also allows them to borrow other crypto assets from the platform. Additionally, Aave has launched a flash loan product that allows users to borrow and return assets in an extremely short amount of time, providing an innovative solution for the decentralized finance sector. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: AAVE, lovehateinu (LHINU) Pre-sale of a low quality memecoin has already raised $2 million in funding. Pakistan Trending Keywords: cointelegraph, coinglass, coindesk, kucoin Pakistani users are particularly interested in cryptocurrency news websites. b) Southeast Asia Region Philippines Trending Keywords: pancakeswap, fud meaning in crypto Indonesia Trending Keywords: cftc, trust wallet Malaysia Trending Keywords: XRP Singapore Trending Tokens: XRP, ETH c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: South Korea — jump crypto 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: No related trending keywords b) English-speaking Countries USA Trending Tokens: FLR Canada Trending Tokens: CRO, TONIC, XDC, XEN Australia Trending Tokens: VRA, FLOKI, CRO, GMX, XRP UK Trending Tokens: XEN, LOOP, XLM, INJ, FET, GHOST c) Europe Spain Trending Tokens: ADAX, MTV, SOL, HNT Italy Trending Tokens: CFX, DOGE, POA, HEX, BNT, FLR; France Trending Tokens: MASSA, VET, OMI, DNX Germany Trending Tokens: AAVE, PI, UNI Poland Trending Tokens: SHIB, FLOKI, HEX, XEN, XRP 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: kraken, opensea South Africa Trending Keywords: elon musk crypto, altcointrader Morocco Trending Keywords: SHIB b) Middle East Trending Keywords: bitosis c) Latin America Brazil Trending Tokens: BTC, POOCOIN, GALA, ETH Mexico Trending Keywords: XRP

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch

In 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: IC (Token) - A memecoin featuring fox images, with an on-chain liquidity of $570,000, 24-hour trading volume of $4.61 million, and a market cap of $4 million. The project has a high level of activity and the token price saw an 8x increase since the TGE on the 22nd. HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $1.79 million, on-chain liquidity of $200,000, and a market cap of $2.56 million. After a brief pullback, the price has risen by over 100% in the last 24 hours. AGIX (Token) - SingularityNET is a leading AI project. Its token AGIX has high trading activity and has been continuously boosted by the release and iterative upgrades of products such as GPT-4 and its eco-AI concept project IDO. GALA (token) - The Game Developers Conference is being held in San Francisco recently, lasting from March 20th to 24th, and GALA is one of the sponsors. The token has good trading activity in the secondary market. Space ID (token) - Space ID opened for trading and launched an airdrop yesterday, with a huge number of addresses claiming the airdrop. The token is already listed on top exchanges such as Bitget, Binance, and Kucoin, and has high trading activity, with a 24-hour trading volume of $690 million. Square (SQUA) - A payment token on the BSC that has seen a good price increase recently. It has an on-chain liquidity of $7.18 million and a 24-hour trading volume of $6.92 million. AOS (Token) - A new project from the SOS team, AOS is a decentralized finance project based on OpenAI. The token was airdropped to holders of the SOS token, and it has received support from exchanges such as OKEx. The on- chain trading activity is quite high. However, investors should be aware of the risk as the SOS token price experienced hype in the early stages but had a poor performance later on. SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG ( SUIUSDT"> SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. SUI also offers early users the opportunity to purchase SUI tokens at a low price, and the participation on-chain is high. Gridex (GDX) - This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary marke t price saw a 10x increase. The on-chain liquidity is $200,000 and the 24-hour trading volume is $68,000. Although the trading volume is relatively low, the frequency of trades is high. RDNT (Token) - The project is a lending platform based on Stargate that recently launched its V2 version, which has optimized its products, enriched its lending assets, and updated its economic models. The project's total market value has reached $380 million, and after multiple positive developments in the near term, its price has recently experienced some corrections. The 24-hour trading volume is $24.63 million. 2.Popular NFTs: Zora1155 (NFT) - Zora has launched a free minting event for their Blue Sky 1155 NFT collection. There are only two days left for minting, and as of now, there have been 22,000 mints across four versions, indicating high participation. This event also serves as a showcase of Zora's proprietary NFT technology. The Locals (NFT) - The PFPs type of NFT recently launched its second phase of NFT sales activity in the form of Freemint. However, the increase in supply led to a significant drop in NFT prices. Nevertheless, the trading activity in the secondary market remains high, and many NFT KOLs on Twitter are promoting the project. 3.Popular DApps: Zksync, Starknet (DApps) - The number of users and funds interacting with the Zksync and Starknet chain deposits has increased due to the influence of the Arbitrum airdrop effect. Zksync currently has 30,000 ETH deposits, while Starknet has 6,880 ETH deposits. Currently, funds looking for airdrop opportunities and seeking wealth effect have migrated to Zksync and Starknet. It is essential to stay updated on this project. ChangeNOW (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume. Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Lens Protocol (DApp) - Lens is a top-tier on-chain social platform. With the recent wealth effect generated by the Arbitrum and SpaceID airdrops, users are increasingly motivated to engage with the Lens ecosystem. There are currently numerous projects within the ecosystem, including Phaver, Lenster, and Orb, that offer a good user experience. It is essential to stay updated on these projects. ARB Bulk Registrar (DApp) - The .arb domain name registration contract was co-created by Space ID and Arbitrum. Currently, there have been 18,045 registrations in the past 24 hours, with a total of 168,238 holders. There is a high level of hype around the domain name sector. Galxe (DApp) - Galxe is an on-chain task platform and a top-tier DID application. With the issuance of Space ID, the focus of the cryptocurrency community has shifted to the DID track. Additionally, the recent Arbitrum token releases have led users to have high expectations for airdrops from various projects (many projects will use "participation in Galxe's activities and holding OAT tokens" as one of the criteria for airdrops). As a result, Galxe's daily activity has continued to rise. On March 22nd, the project announced its launch on Avalanche, and future multi-chain deployment will continue to increase Galxe's project reserves, making it a key bridge connecting users and projects. On March 23, Galxe hinted at the release of an important feature on Twitter. Stargate (DApp) - Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of Omnichain DeFi. With Stargate, users and Dapps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of the Arbitrum airdrop, a large number of users are interested in obtaining the Layerzero airdrop to participate in the use of Stargate. Hop (DApp) - Hop is a multi cross-chain bridge. Recently, due to the impact of the Arbitrum airdrop, a portion of the tokens will be distributed to the projects on the Arbitrum ecosystem, with HOP accounting for 5%. Stimulated by this news, a large number of users have started paying attention to and using Hop. In the future, Hop will also support cross-chain transactions with projects such as zkSync and Scroll. Venus Protocol (DApp) - Venus Protocol is currently the leading decentralized currency market protocol on the BNB Chain, with a current TVL of $1.34 billion and ranked second on BSC. Influenced by the SpaceID launch, a large number of users borrowed BNB to participate in the new product, increasing the popularity of the product. 4.Twitter Hot Topics: APE (Token) - The token of the BAYC ecosystem is now available in Savings products on Bitget, offering an annual yield of 45%. As a leading NFT and gaming project, the token price is well-supported, and staking can provide a higher passive income. NOM (Token) - Onomy Protocol's token has been listed on Kucoin, Bitfinex, and Bitget exchanges. The project adopted a bidding curve for public sale, and the current sale price is $1.44, with the secondary market trading price at $1.08. The project's fundamentals are solid, mainly focusing on providing exchange rate transactions for on-chain DEX. It's worth keeping an eye on. TRX (Token) - TRX is the native token of the Tron blockchain, founded by Justin Sun. Following the SEC's announcement of a lawsuit against Justin Sun for violating securities regulations, the token price experienced a significant drop of over 10%, marking a substantial negative event. Airdrop Token (Event) - The distribution of the native tokens for the Arbitrum airdrop is less than 8 hours away. Yesterday, there was a front-end bug on the Arbitrum website, which displayed that users' airdrop data was temporarily reset, causing discussion in the community. The data was shortly fixed and the token airdrop event will proceed as usual. Bitget will open deposit, withdrawal, and spot trading for ARB as soon as possible, so it is worth keeping an eye on. 5.Regional Trending Searches: FOMC Meeting (News) - The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75%-5.00%, and most Fed officials expect the rate to be between 5% and 5.5% by the end of 2023, indicating that this round of rate hikes may be nearing its end. Powell said that the Fed is continuing to significantly reduce its balance sheet, but events in the banking industry could affect its decision-making. Main Body Written by: Bitget Research Data collection time: March 23, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1. Blockchain Profile - ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 456,448 New active users of ETH: 85,071, with a daily decrease of 0.17% Existing active users of ETH: 371,377, with a daily decrease of 0.06% 1.1.2 New User Profile Core data: There were a total of 85,071 new active users on ETH yesterday, with a daily decrease of 0.17% Popular Sectors Popular Projects Key Projects: Zksync, Starknet (DApps) - The number of users and funds interacting with the Zksync and Starknet chain deposits has increased due to the influence of the Arbitrum airdrop effect. Zksync currently has 30,000 ETH deposits, while Starknet has 6,880 ETH deposits. Currently, funds looking for airdrop opportunities and seeking wealth effect have migrated to Zksync and Starknet. It is essential to stay updated on this project. ChangeNOW (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 371,377, with a daily decrease of 0.06% Popular Sectors Popular Projects Key Projects: Zora1155 (NFT) - Zora has launched a free minting event for their Blue Sky 1155 NFT collection. There are only two days left for minting, and as of now, there have been 22,000 mints across four versions, indicating high participation. This event also serves as a showcase of Zora's proprietary NFT technology. https://zora.co/personalize/collections/0xabba7d7f7f2e9eb818e7bd0c965f276b5b348fb9 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 IC (Token) - A memecoin featuring fox images, with an on-chain liquidity of $570,000, 24-hour trading volume of $4.61 million, and a market cap of $4 million. The project has a high level of activity and the token price saw an 8x increase since the TGE on the 22nd. https://www.dextools.io/app/en/ether/pair-explorer/0xeaabb2ee89221455302d9ffb5325689ff8f0c37b HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $1.79 million, on-chain liquidity of $200,000, and a market cap of $2.56 million. After a brief pullback, the price has risen by over 100% in the last 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x6178081202165c521c80b95d2c7ef54893c7232c 1.2.2 Uniswap V3 AGIX (Token) - SingularityNET is a leading AI project. Its token AGIX has high trading activity and has been continuously boosted by the release and iterative upgrades of products such as GPT-4 and its eco-AI concept project IDO. GALA (token) - The Game Developers Conference is being held in San Francisco recently, lasting from March 20th to 24th, and GALA is one of the sponsors. The token has good trading activity in the secondary market. 2.Blockchain Profile - BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,597,977 New active users on BSC: 208,150, with a daily increase of 22.97% Existing active users on BSC: 1,389,827, with a daily increase of 27.06% 2.1.2 New User Profile Core data: There were a total of 208,150 new active users on BSC yesterday, with a daily increase of 22.97% Popular Sectors Popular Projects Key Projects: Space ID (token) - Space ID opened for trading and launched an airdrop yesterday, with a huge number of addresses claiming the airdrop. The token is already listed on top exchanges such as Bitget, Binance, and Kucoin, and has high trading activity, with a 24-hour trading volume of $690 million. Square (SQUA) - A payment token on the BSC that has seen a good price increase recently. It has an on-chain liquidity of $7.18 million and a 24-hour trading volume of $6.92 million. https://www.dextools.io/app/en/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,389,827, with a daily increase of 27.06% Popular Sectors Popular Projects Key Projects: Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 Space ID (token) - Space ID opened for trading and launched an airdrop yesterday, with a huge number of addresses claiming the airdrop as described earlier. Trading activity is high with a 24-hour trading volume of $690 million. AOS (Token) - A new project from the SOS team, AOS is a decentralized finance project based on OpenAI. The token was airdropped to holders of the SOS token, and it has received support from exchanges such as OKEx. The on-chain trading activity is quite high. However, investors should be aware of the risk as the SOS token price experienced hype in the early stages but had a poor performance later on. https://www.dextools.io/app/en/bnb/pair-explorer/0x230e82ab51515cf58e48fea930f2435dd8949480 3.Blockchain Profile - Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 418,891 New active users on Polygon: 79,867, with a daily decrease of 7.79% Existing active users on Polygon: 339,024, with a daily increase of 3.42% 3.1.2 New User Profile Core data: There were a total of 79,867 new active users on Polygon yesterday, with a daily decrease of 7.79% Popular Sectors Popular Projects Key Projects: SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. SUI also offers early users the opportunity to purchase SUI tokens at a low price, and the participation on-chain is high. SFC2 (Token) - There are no relevant liquidity pools on-chain, and the contract does not specify information about the issuer. However, there have been several interactions with approvals in the contract. It is essential to keep observing this token. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 339,024, with a daily increase of 3.42% Popular Sectors Popular Projects Key Projects: Lens Protocol (DApp) - Lens is a top-tier on-chain social platform. With the recent wealth effect generated by the Arbitrum and SpaceID airdrops, users are increasingly motivated to engage with the Lens ecosystem. There are currently numerous projects within the ecosystem, including Phaver, Lenster, and Orb, that offer a good user experience. It is essential to stay updated on these projects. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 On Polygon, the popular trading pairs are mainly major coins such as MATIC, BTC, ETH, and stablecoins, while trading volumes for pairs beyond the top 10 are relatively smaller. 4.Blockchain Profile - Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 234,593 Arbitrum New Active Users: 56,883, with a daily decrease of 53.24% Arbitrum Existing Active Users: 177,710, with a daily increase of 21.00% 4.1.2 New User Profile Core data: There were a total of 56,883 new active users on Arbitrum yesterday, with a daily decrease of 53.24% Popular Sectors Popular Projects Key Projects: ARB Bulk Registrar (DApp) - The .arb domain name registration contract was co-created by Space ID and Arbitrum. Currently, there have been 18,045 registrations in the past 24 hours, with a total of 168,238 holders. There is a high level of hype around the domain name sector. Gridex (GDX) - This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary market price saw a 10x increase. The on-chain liquidity is $200,000 and the 24-hour trading volume is $68,000. Although the trading volume is relatively low, the frequency of trades is high. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 177,710, with a daily increase of 21.00% Popular Sectors Popular Projects Key Projects: Maker Order Manager (DApp) - This is a contract for the pending order feature on Gridex, which is a decentralized order book DEX on Arbitrum. Due to the token incentives provided for trading, the popularity and trading volume of the platform is currently high. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 ARBK (Token) - Arbitrum Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future. The official Arbitrum token will be listed on major exchanges, and ARBK continues to gain popularity. RDNT (Token) - The project is a lending platform based on Stargate that recently launched its V2 version, which has optimized its products, enriched its lending assets, and updated its economic models. The project's total market value has reached $380 million, and after multiple positive developments in the near term, its price has recently experienced some corrections. The 24-hour trading volume is $24.63 million. 5.DApp Ecosystem - All Chains Galxe (DApp) - Galxe is an on-chain task platform and a top-tier DID application. With the issuance of Space ID, the focus of the cryptocurrency community has shifted to the DID track. Additionally, the recent Arbitrum token releases have led users to have high expectations for airdrops from various projects (many projects will use "participation in Galxe's activities and holding OAT tokens" as one of the criteria for airdrops). As a result, Galxe's daily activity has continued to rise. On March 22nd, the project announced its launch on Avalanche, and future multi-chain deployment will continue to increase Galxe's project reserves, making it a key bridge connecting users and projects. On March 23, Galxe hinted at the release of an important feature on Twitter. AtomicHub (DApp) - An NFT asset standard built on EOS and WAX, AtomicHub is the NFT marketplace in the ecosystem. On March 2, it completed the presale of Ultraman NFTs. UWA has been consistently ranked among the top five on WAX. 6.DApp Ecosystem - ETH Chain Stargate (DApp) - Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of Omnichain DeFi. With Stargate, users and Dapps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of the Arbitrum airdrop, a large number of users are interested in obtaining the Layerzero airdrop to participate in the use of Stargate. Hop (DApp) - Hop is a multi cross-chain bridge. Recently, due to the impact of the Arbitrum airdrop, a portion of the tokens will be distributed to the projects on the Arbitrum ecosystem, with HOP accounting for 5%. Stimulated by this news, a large number of users have started paying attention to and using Hop. In the future, Hop will also support cross-chain transactions with projects such as zkSync and Scroll. Bungee (DApp) - A cross-chain aggregator with high expectations for airdrops and overall operational popularity. The project launched a new beta version of the product on February 21, and has 62,600 followers on Twitter, with 100+ KOLs following. Similarweb reports 188,000 monthly visits, with the main visiting countries including Russia, the United States, Germany, Japan, and France. Due to the impact of the recent Arbitrum airdrop, its popularity has increased. Li.Fi (DApp) - A cross-chain bridge and DEX aggregator, LiFi automatically selects the best trading route, using the most liquid and cheapest fees to allocate assets at the lowest cost. The project raised $5.5 million in funding in July 2022, with 1kx leading the round and other investors, including Dragonfly Capital and Lattice Capital. The project has not yet launched its own token. Due to the impact of the recent Arbitrum airdrop, its popularity has increased. 7.DApp Ecosystem - BSC Chain Yuliverse (DApp) - Yuliverse is a role-playing game that has recently launched its public beta version. The game has been downloaded more than 1000 times from the Google Play Store. According to Similarweb, it has a monthly visit of 21,000, with 64.22% of users coming from Japan, indicating a good level of activity in recent times. Venus Protocol (DApp) - Venus Protocol is currently the leading decentralized currency market protocol on the BNB Chain, with a current TVL of $1.34 billion and ranked second on BSC. Influenced by the SpaceID launch, a large number of users borrowed BNB to participate in the new product, increasing the popularity of the product. 8.DApp Ecosystem - Polygon Chain Uniswap V3 (DApp) - On March 22 at 18:00 (UTC), the Federal Reserve announced a 25 basis point rate hike decision, which caused major fluctuations in the cryptocurrency market. As a result, the activity level of DEX and aggregation platforms increased. Generally, major events can increase the activity level of DEXs. Playbite (DApp) - This project is a mini-game platform where users can compete with friends and win prizes. Currently, it is available for download on Apple and Google stores with 10,000+ downloads on the latter. According to Similarweb, it has a monthly visit of 24,300, with main users coming from the United States, the Netherlands, New Zealand, etc. 9.DApp Ecosystem - WAX Chain Crypture World (DApp) - A WAX-based NFT game with 6,827 Twitter followers. The last content update was on October 3, 2022, and Similarweb shows a monthly visit volume of less than 5,000. 10.DApp Ecosystem - Solana Chain Saber (DApp) - Saber is the first decentralized exchange for stablecoin trading pairs and cross-chain assets on Solana. At Saber, users can deposit assets into liquidity pools and earn rewards from trading fees, token-based incentives, and automated DeFi strategies. Saber's governance token is SBR, and the token distribution is aimed at providing the majority of tokens to early adopters of the protocol. Currently, Saber has a TVL of $9.64 million in the Solana ecosystem and is ranked 17th. 11.DApp Ecosystem - Arbitrum Chain Onyx DAO (DApp) - This is an experimental DeFi protocol on Arbitrum, which currently offers extremely high mining APY to attract users. Currently, it has around $500,000 locked in, and the token price is highly volatile, making it a high-risk investment. 12.DApp Ecosystem - GameFi Sector Across All Chains From the perspective of the GameFi sector as a whole, there are no specific projects that require special attention at the moment. 13.Gas Fee Consumption - ETH Chain The Locals (NFT) - The PFPs type of NFT recently launched its second phase of NFT sales activity in the form of Freemint. However, the increase in supply led to a significant drop in NFT prices. Nevertheless, the trading activity in the secondary market remains high, and many NFT KOLs on Twitter are promoting the project. https://opensea.io/collection/thelocals Starknet, Zksync (Layer2) - The wealth effect of the Arbitrum airdrop is significant, which has led to increased user engagement with other Layer2 solutions that have not yet launched their tokens, especially for well-funded Layer2 solutions such as Starknet and Zksync. This increased activity has led to higher gas fees for transactions submitted to the main network. 14.Gas Fee Consumption - BSC Chain Space ID (token) - Yesterday, the token claiming feature was opened on the Space ID platform, and the claiming contract has already interacted with 230,000 times. The number of claiming addresses is enormous. The token is already listed on top exchanges such as Bitget, Binance, and Kucoin, and has generated high trading activity. Bitget has also launched related deposit and trading activities. Users can head over to Bitget to trade and receive additional rewards. 0x85..77f - Contract information shows that many Swap functions can no longer be used properly, consuming a significant amount of on-chain gas. The specific contract content is not transparent, so please be cautious when interacting with it due to potential risks. 15.Gas Fee Consumption - Polygon Chain 0x2a3...985 and 0xfa1...2f7 (DApp) - They appear to be two aggregator contracts from the on-chain contract content, where users assist in token swap transactions. However, the specific ownership of the contracts is not clear. Planet IX (DApp) - This project is one of the most popular games on Polygon and has consistently ranked at the top of the Polygon ecosystem leaderboard. Recently, it has continued to update its NFTs within the ecosystem and has a large user base. Related NFT assets are available on BitKeep to trade. 16.Gas Fee Consumption - Arbitrum Chain Vela Exchange (DApp) - The project has been active in promotional activities recently, and yesterday it participated in an online conference on OK to discuss the Arbitrum ecosystem with members of Radiant and Beacon, generating significant community interest. The token is also available on Bitget's Launchpool, where users can earn additional yield rewards. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: EVMOS, GMX, APE Newly listed tokens: SHIB (Currently in the testing phase, and has potential for hype upon mainnet launch.) APE (Token) - The token of the BAYC ecosystem is now available in Savings products on Bitget, offering an annual yield of 45%. As a leading NFT and gaming project, the token price is well-supported, and staking can provide a higher passive income. 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: BTC, ARB, USDC, GPT Builders mentioned the following tokens: DBX, ARB, GDAI GDAI (Token) - Tokens deposited into the GNS insurance pool serve as a foundational counterpart to all trading on the platform. LPs who deposit DAI into the insurance vault receive gDAI tokens representing their share in the insurance vault. The initial value ratio between DAI and gDAI is 1:1. If the platform's traders collectively experience losses, the balance of DAI in the insurance vault increases, causing gDAI to be worth more than 1 DAI. Currently, gDAI is steadily increasing in value, and the overall profit situation is good. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BTC, SIDUS, NOM, THOR, ALGO, EGLD, OAS NOM (Token) - Onomy Protocol's token has been listed on Kucoin, Bitfinex, and Bitget exchanges. The project adopted a bidding curve for public sale, and the current sale price is $1.44, with the secondary market trading price at $1.08. The project's fundamentals are solid, mainly focusing on providing exchange rate transactions for on-chain DEX. It's worth keeping an eye on. 20.Google Trends - Global FOMC Meeting (News) - The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75%-5.00%, and most Fed officials expect the rate to be between 5% and 5.5% by the end of 2023, indicating that this round of rate hikes may be nearing its end. Powell said that the Fed is continuing to significantly reduce its balance sheet, but events in the banking industry could affect its decision-making. ID (Token) - ID is a project on Binance Launchpad. Yesterday, the project's airdrop activity began, causing the token price to increase by around 10x compared to the Launchpad price, resulting in a certain wealth effect. Currently, the token is available on Bitget, which has launched a series of promotional activities. Users can head over to Bitget to trade $ID. Justin Sun (KOL) - The New York Times reported that the SEC filed a lawsuit against Justin Sun on Wednesday, as well as eight other American celebrities who supported his venture capital fund, including Lindsay Lohan, Jake Paul, Lil Yachty, and Soulja Boy. TRX (Token) - TRX is the native token of the Tron blockchain founded by Justin Sun. Following the SEC's announcement of a lawsuit against Justin Sun for violating securities regulations, the token price experienced a significant drop of over 10%, marking a substantial negative event. Airdrop Token (Event) - The distribution of the native tokens for the Arbitrum airdrop is less than 8 hours away. Yesterday, there was a front-end bug on the Arbitrum website, which displayed that users' airdrop data was temporarily reset, causing discussion in the community. The data was shortly fixed and the token airdrop event will proceed as usual. Bitget will open up ARB deposits, withdrawals, and spot trading as soon as possible, so stay tuned. 21.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: ID, SOS, HNT Pakistan Trending Keywords: FOMC, Coinmarketcap, Kucoin b) Southeast Asia Region Philippines Trending Tokens: XLM, BTC, ID, BAT, MASK Indonesia Trending Keywords: FOMC, Crypto Bubbles, Poocoin, Crypto Arena Malaysia Trending Keywords: Dao, FOMC, Coinmarketcap, Ethereum price Vietnam Trending Tokens: XRP Singapore Trending Tokens: XRP, XEN c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: Crypto Bank, Crypto News 22.Google Trends Surge - English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Crypto Wallet, Crypto Airdrop, Crypto News b) English-speaking Countries USA Trending Keywords: FOMC, Jake Paul, Justin Sun, Wells Notice, Lindsay Lohan Trending Tokens: XYO, TUSD Canada Trending Tokens: XYO, JOE, ID, BTT Australia Trending Tokens: Shib, BAX, TRX, NGS, TRON, SONM UK Trending Tokens: Hello, Joe, ID c) Europe Spain Trending Tokens: VET Trending Keywords: Porsche 911, FED Italy Trending Tokens: ID, Bancor, ID, SHIB, TWT France Trending Tokens: RLC, AXIE, APT, RSR, ICP, Celestia Germany Trending Tokens: Doge, Quant, ZIL, GPT Poland Trending Tokens: ETH, SHIK, ID 23.Google Trends Surge - Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: BTC, FOMC, Coinmarketcap, Crypto News South Africa Trending Keywords: ETH, VAIR, BTC, BANTER b) Middle East Trending Keywords: XRP, ADA, FOMC c) Latin America Brazil Trending Tokens: ID, BAT, Mercury Mexico Trending Tokens: ADA, TRX Argentina Trending Tokens: T23, TRX, BTC, Cake