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What Is Bitcoin Stock? A Simple Guide for Beginners in 2025

Bitcoin, one of the most talked-about financial assets, has attracted both individual and institutional investors over a decade. As interest in cryptocurrency grows, many people come across the term “Bitcoin stock” and wonder what it means. Is Bitcoin a stock? Can you invest in it like shares of a company? This guide explains the concept of Bitcoin stock, how it differs from traditional stocks, and how investors can gain exposure to Bitcoin through various investment options. It also highlights the top Bitcoin-related stocks to watch in 2025. Bitcoin Is Not a Stock Bitcoin (BTC) is a digital currency that operates on a decentralized blockchain network. Unlike stocks, which represent ownership in a company, Bitcoin is not controlled by any government, financial institution, or corporation. Investors buy, sell, and trade Bitcoin in a way similar to foreign currencies, commodities, or gold. Read more: What is Bitcoin? The Ultimate and Simple Guide for Crypto Beginners Key Differences Between Bitcoin and Stocks Bitcoin price in USD fluctuates based on supply and demand, macroeconomic trends, and institutional interest, whereas stock prices are influenced by company earnings, management decisions, and overall market sentiment. For investors tracking Bitcoin price live USD and monitoring the BTC value, it is important to understand that while Bitcoin operates outside traditional markets, Bitcoin-related stocks are still subject to stock market regulations and corporate performance factors. What Do People Mean by “Bitcoin Stock”? The term "Bitcoin stock" does not refer to an actual stock representing ownership in Bitcoin. Instead, it generally refers to one of the following: 1. Bitcoin-Related Public Companies These businesses are involved in Bitcoin mining, trading, or blockchain development. Examples include companies that mine Bitcoin, operate cryptocurrency exchanges, or develop blockchain-based financial services. The stock prices of these companies often follow Bitcoin price movements, particularly when there are significant changes in BTC to USD. 2. Bitcoin Exchange-Traded Funds (ETFs) Bitcoin ETFs allow investors to gain exposure to Bitcoin price fluctuations without directly buying or storing BTC. These funds are traded on stock exchanges and provide a way for traditional investors to participate in the cryptocurrency market while tracking Bitcoin price chart trends. 3. Public Companies Holding Bitcoin Some corporations hold Bitcoin as part of their financial strategy, viewing it as a long-term store of value. These firms may see their stock prices influenced by changes in Bitcoin value. Examples include MicroStrategy and Tesla, both of which have significant Bitcoin holdings. How to Invest in Bitcoin or Bitcoin-Related Stocks Investors seeking exposure to Bitcoin can consider multiple investment options: 1. Buying Bitcoin Directly The most direct way to invest in Bitcoin is through cryptocurrency exchanges like Bitget, where you can buy Bitcoin instantly with a fast and secure trading experience. Bitget makes it easy to buy Bitcoin with a debit card, buy Bitcoin with PayPal, or other payment methods. With top-tier security, high liquidity, and 24/7 customer support, Bitget ensures a smooth and reliable way to enter the Bitcoin market. 2. Investing in Bitcoin Mining Stocks Bitcoin mining companies operate large-scale data centers that process transactions on the blockchain and earn BTC rewards. The profitability of these businesses depends on factors such as Bitcoin’s price, mining difficulty, and electricity costs. 3. Investing in Bitcoin ETFs Bitcoin ETFs allow investors to gain exposure to Bitcoin price movements without directly buying BTC. These funds trade on stock exchanges, making them accessible to traditional investors. 4. Buying Stocks of Companies That Hold Bitcoin Companies such as MicroStrategy and Tesla hold large amounts of Bitcoin on their balance sheets. Their stock performance is partially influenced by Bitcoin price fluctuations. 5. Investing in Blockchain Infrastructure and Technology Stocks Beyond Bitcoin itself, some companies focus on developing blockchain technology and supporting cryptocurrency operations. These businesses provide hardware, software, or services that contribute to the growth of the digital asset market. Top 5 Bitcoin-Related Stocks to Watch in 2025 For those looking to invest in Bitcoin indirectly, several publicly traded companies offer exposure to the cryptocurrency market. 1. MicroStrategy (MSTR) – Public Company with Significant Bitcoin Holdings MicroStrategy is one of the largest corporate holders of Bitcoin, with 499,096 BTC (as of February 26, 2025), valued at approximately $47.4 billion at today’s price. The company has adopted Bitcoin as a key part of its financial strategy, making its stock price highly correlated with BTC price movements. As of this writing, MicroStrategy’s market capitalization is $65.20 billion, and its stock has risen 190% in 2024. Investors view it as a Bitcoin proxy stock, meaning its performance is often tied to Bitcoin’s price. 2. Coinbase (COIN) – The Largest U.S. Cryptocurrency Exchange Coinbase is a cryptocurrency exchange that facilitates Bitcoin trading for retail and institutional investors. The company generates revenue through trading fees, staking services, and custody solutions. In 2024, COIN experienced a notable stock price increase. The stock closed at $173.92 on December 31, 2023, and at $248.30 on December 31, 2024, representing a gain of approximately 42.77% over the year. 3. Riot Platforms (RIOT) – A Leading Bitcoin Mining Company Riot Platforms operates one of the largest Bitcoin mining operations in North America. In 2024, the company mined 4,828 BTC and had a hash rate capacity of 31.5 EH/s. Riot’s stock price is highly correlated with Bitcoin’s mining profitability. With a market capitalization of $$3.21 billion as of this writing, Riot remains a key player in the Bitcoin mining sector. 4. BlackRock (BLK) – A Major Asset Manager Offering Bitcoin ETFs BlackRock is one of the world’s largest asset management firms, with over $11.6 trillion in assets under management (AUM). In January 2024, BlackRock launched the iShares Bitcoin Trust (IBIT), its first spot Bitcoin exchange-traded fund (ETF). The ETF experienced unprecedented growth, amassing over $50 billion in assets within 11 months, marking the most successful ETF debut in history. With a market capitalization of $130 billion and a 26% rise in its stock price in 2024, BlackRock plays a significant role in institutional Bitcoin adoption. 5. NVIDIA (NVDA) – A Technology Company Supporting Bitcoin Mining and AI NVIDIA produces high-performance GPUs, which are widely used in Bitcoin mining and artificial intelligence applications. The company reported $60.9 billion in total revenue for 2024. As of this writing, NVIDIA has a market capitalization of $3.1 trillion, and its stock price has increased 171% in 2024. Final Thoughts Bitcoin’s role in the financial markets is becoming more significant, with growing institutional adoption, regulatory advancements, and the rise of Bitcoin-related investment products. In 2025, Bitcoin ETFs, mining companies, and blockchain infrastructure firms are expected to play a key role in bridging the gap between traditional finance and the crypto industry. As more investors seek exposure to Bitcoin, we could see increased integration with mainstream markets, pushing Bitcoin-related stocks and ETFs to new heights. Additionally, corporate adoption of Bitcoin as a reserve asset—as seen with companies like MicroStrategy and Tesla—could continue influencing stock market trends, making Bitcoin an important factor in global finance. For those looking to invest, buying Bitcoin directly remains one of the simplest and most effective ways to get started, and platforms like Bitget make the process easy with secure transactions, instant purchases, and multiple payment options. The crypto space is evolving fast, and being part of it now could mean big opportunities down the road. So, are you ready to be part of Bitcoin’s future?? Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

The Rise of Bitcoin: Valuation Perspectives for $100K and Beyond

As of November 22, 2024, Bitcoin is trading at near $99,000, tantalisingly close to the symbolic six-figure milestone. Its meteoric rise reflects a convergence of institutional interest, reduced supply, and macroeconomic and political developments. To understand and justify Bitcoin’s trajectory beyond $100,000, we delve into the valuation models that illuminate its current price and provide a structured framework for its future growth. Bitcoin’s valuation defies traditional financial metrics like discounted cash flow (DCF), as it lacks cash flows, dividends, or comparable yield-based attributes. Instead, alternative frameworks that are tailored to Bitcoin’s unique characteristics - scarcity, network effects, and its transformative role as a store of value - have emerged. Let's take a look at the most widely accepted ones. 1. Production Cost Model: Establishing a Price Floor 1.1. Core Concept: Bitcoin’s value is intrinsically linked to its production cost, which provides a fundamental price floor. The production cost of Bitcoin, determined by factors such as electricity usage, hardware depreciation, and operational expenses, has consistently acted as a critical lower boundary for its price. Historically, Bitcoin has rarely traded below its production cost for extended periods, as this scenario forces less efficient miners to exit the network, reducing supply and driving prices higher. 1.2. Current Metrics: ● As of November 2024, the average global production cost of mining one Bitcoin is approximately $85,000. This reflects a significant increase of nearly double pre-halving levels that is driven by the 2024 halving, which reduced block rewards from 6.25 BTC to 3.125 BTC. The intensified competition among miners for limited block rewards has further elevated production costs. ● After struggling to exceed production costs for much of 2024, Bitcoin prices surged past this level following Donald Trump’s election victory in November, which catalysed renewed confidence in pro-crypto policies and regulatory clarity. 1.3. Implications for $100K: The production cost model suggests a robust and rising price floor for Bitcoin. With current prices now above production costs, miners are making profits by ensuring the network’s security and stability. Coupled with sustained demand and reduced supply post-halving, the model supports Bitcoin’s trajectory to $100,000 as a justifiable and sustainable milestone. 2. Stock-to-Flow Model: Scarcity Drives Value 2.1. Core Concept: Scarcity, as measured by the stock-to-flow ratio, remains a pivotal driver of Bitcoin’s long-term value. The stock-to-flow model calculates scarcity by comparing Bitcoin’s circulating supply (stock) to its annual production rate (flow). Historically, this model has shown a strong correlation between Bitcoin’s scarcity and its price, with higher stock-to-flow ratios indicating greater scarcity and higher valuations. 2.2. Current Scarcity: ● Following the 2024 halving, Bitcoin’s stock-to-flow ratio increased substantially to approximately 120, reflecting its most constrained supply dynamics to date. This makes Bitcoin significantly scarcer than gold, whose stock-to-flow ratio is approximately 58. ● As shown in the stock-to-flow chart, Bitcoin’s price (represented as daily end-of-day data points) has trended within ranges projected by the model, albeit with some deviations. The bright red section near 2024 signifies the immediate post-halving period, during which scarcity intensifies as new supply dwindles. Source: BitBo 2.3. Implications for $100K: The chart indicates that Bitcoin’s price trajectory often consolidates below the stock-to-flow projection line (yellow), especially in periods shortly following halvings. However, as demand aligns with reduced supply, prices have historically converged toward or exceeded these projections. In 2024, the stock-to-flow model supports Bitcoin’s potential to surpass $100,000 as reduced supply meets increasing institutional demand (which is particularly bolstered by the recent approval of spot Bitcoin ETFs and positive regulatory sentiment). This alignment of scarcity and demand sets the stage for sustained upward momentum. 3. Metcalfe’s Law: Exponential Growth from Network Effects 3.1. Core Concept: Bitcoin’s value grows exponentially as its user base expands, following the principles of Metcalfe’s Law. This law posits that the value of a network is proportional to the square of its number of users, making network growth a key driver of Bitcoin’s valuation. 3.2. Network Adoption and Growth Metrics: Between 2019 and 2024, the number of active Bitcoin addresses grew significantly, rising from 362 million to over 897 million - more than a doubling of users in just five years. Over the same period, Bitcoin’s market capitalisation increased nearly 13-fold, from $67 billion on 1 January 2019 to $865 billion on 1 January 2024. This growth trajectory aligns closely with Metcalfe’s Law, which indicates that as the user base doubles, network value (and market cap) should increase roughly fourfold. By 21 November 2024, Bitcoin’s market capitalisation had surged further to approximately $1.95 trillion, a number driven by continued adoption and amplified by institutional participation, such as the approval of spot Bitcoin ETFs earlier in the year. NVM Ratio as a Validation of Network Value: The Network Value to Metcalfe Ratio (NVM) offers a quantitative proxy for Metcalfe’s Law by comparing Bitcoin’s market capitalisation (log scale) to the square of its active addresses (log scale). This ratio helps assess whether Bitcoin’s price is overvalued or undervalued relative to network activity. ● The all-time high (ATH) NVM ratio of 1.34 occurred on 10 June 2024 and reflects a period of heightened speculative activity (post-halving reasons) relative to network adoption. ● As of late November 2024, while updated NVM data is unavailable, the significant increase in active addresses and market capitalisation indicates that the network remains robust. Current price levels likely reflect a more balanced relationship between market value and network utility compared to mid-2024. 3.3. Implications for $100K: Bitcoin’s trajectory toward and beyond $100,000 is underpinned by sustained growth in its user base that is consistent with Metcalfe’s Law. From 2019 to 2024, the doubling of active addresses and exponential market cap growth illustrate how network effects have driven Bitcoin’s valuation. While the NVM ratio’s ATH in June 2024 highlighted a potential speculative peak, the subsequent stabilisation of price and adoption reinforces Bitcoin’s capacity to sustain higher price levels. With nearly 900 million active addresses and a market capitalisation nearing $2 trillion, Bitcoin’s current valuation is strongly supported by network fundamentals. Continued growth in institutional inflows and global adoption provides a solid foundation for Bitcoin to surpass $100,000, reflecting the exponential increase in network value driven by its expanding user base. 4. Total Addressable Market (TAM) Model: Capturing Market Potential 4.1. Core Concept: Bitcoin’s value is assessed by comparing its market capitalisation to the total size of the asset classes it aims to disrupt, such as gold, fiat currencies, and the broader financial system. 4.2. Current Position in the Asset Rankings: As of 21 November 2024, Bitcoin has a market capitalisation of $1.95 trillion, making it the 7th most valuable asset globally. It sits just behind major corporations like Alphabet (Google) and Amazon, and above Saudi Aramco and silver. Bitcoin’s price of around $99,000 per coin reflects increasing recognition of its potential as a global store of value and digital collateral. However, this market cap still represents a fraction of its total addressable market, which spans global stores of value and financial systems. Bitcoin vs. Gold and Other Stores of Value: Bitcoin is often compared to gold due to its fixed supply, decentralised nature, and function as a store of value. Gold currently holds the top position among global assets, with a market capitalisation of $18.08 trillion. If Bitcoin achieves parity with gold, its market cap would need to rise approximately ninefold to $18 trillion, implying a Bitcoin price of ~$500,000. Beyond gold, Bitcoin competes with silver (market cap of $1.75 trillion), fiat currencies, and traditional financial instruments like government bonds. Bitcoin’s market cap of $1.958 trillion is still well below many of these benchmarks, hence significant room for growth. Broader Total Addressable Market: The total global market cap of all major assets, including equities, real estate, commodities, and financial derivatives, stands at approximately $113.213 trillion. If Bitcoin were to capture just 1.73% of this total, it would achieve a market cap of $2 trillion—aligning with its current value of $99,000 per coin. For further perspective: ● If Bitcoin captures 3% of global assets, its market cap would rise to $3.39 trillion, implying a price of approximately $170,000 per Bitcoin. ● At 10% market penetration, Bitcoin would command a market cap of $11.32 trillion, rivaling gold and driving its price above $500,000 per coin. 4.3. Implications for $100K: Bitcoin’s rise to $100,000 reflects only a modest penetration of its total addressable market. Currently, Bitcoin represents less than 2% of global asset value, highlighting substantial growth potential as adoption deepens and its utility as digital collateral and a store of value becomes more widely recognised. The TAM model reinforces the view that $100,000 is not only achievable but sustainable, as Bitcoin continues to gain institutional support and competes with traditional assets like gold and fiat currencies for a larger share of the global financial system. With growing recognition of its role in both macroeconomic hedging and decentralised finance, Bitcoin is well-positioned to move beyond $100,000 and toward higher valuations in the long term. 5. MVRV: A Sentiment and Validation Model 5.1. Core Concept: The Market Value to Realised Value (MVRV) ratio compares Bitcoin’s market cap to its realised value, providing insights into whether it is overvalued or undervalued relative to on-chain activity. ● MVRV > 3: Signals overvaluation and potential market overheating. ● MVRV < 1: Indicates undervaluation and potential accumulation opportunities. 5.2. Current Observations: ● As of end of October 2024, MVRV stands near 2.0, suggesting that Bitcoin’s upward momentum reflects a sustainable balance between market cap and realised value. ● The ATH MVRV of 2.75 in March 2024 corresponded with a speculative rally after ETF approvals, which later corrected and thus demonstrated its role as an overheating indicator. Important Notes: MVRV is a valuation model but operates differently from the fundamental frameworks discussed earlier, such as Stock-to-Flow or Metcalfe’s Law. Its behavioural and short-term focus makes it less suitable for projecting long-term potential but highly valuable as a complementary tool for understanding market sentiment and price sustainability. Unlike long-term models that explore Bitcoin’s macroeconomic value drivers, MVRV bridges the gap between these broader frameworks and real-time market conditions. It provides actionable insights into whether current price levels are sustainable or reflect speculative excess, serving as a checkpoint for market health. Despite its usefulness, MVRV has limitations. Its short-term orientation and sensitivity to price fluctuations mean it cannot function as a standalone metric for evaluating long-term valuation. Instead, it works best when paired with fundamental models to provide a well-rounded analysis of Bitcoin’s market dynamics. 5.3. Implications for $100K: At $100,000, an MVRV ratio near 1-2.5 would indicate that Bitcoin’s price is grounded in realised value rather than speculative excess. The latest ratio of 2.0 supports the notion that Bitcoin is fairly valued given its recent growth and network activity. If the MVRV were to spike above 3, it would suggest potential overheating. Conversely, a stable or slightly rising ratio within historical norms reflects healthy growth and justifies Bitcoin’s rise to and sustainability above $100,000. While MVRV is not a long-term valuation model, it provides critical real-time validation of market conditions, making it a useful complementary tool. Conclusion Bitcoin’s valuation models collectively reveal the nuanced mechanisms driving its rise toward $100,000. The production cost model establishes a clear price floor that reflects the critical role of mining economics and scarcity post-halving. Meanwhile, the stock-to-flow model captures Bitcoin’s supply dynamics as a strong correlation between increasing scarcity and higher prices. Metcalfe’s Law demonstrates the power of network effects, with exponential user growth translating directly into market value, while the TAM model broadens the perspective to situate Bitcoin within the vast landscape of global asset markets. These frameworks, when complemented by behavioural tools like MVRV, offer a well-rounded lens to evaluate Bitcoin’s trajectory and the sustainability of its growth. The convergence of these models points to a robust foundation for Bitcoin’s current price levels and its potential for further expansion. By aligning long-term valuation with short-term market sentiment, these insights highlight Bitcoin’s evolving role as a store of value, digital collateral, and financial innovation. Whether driven by scarcity, adoption, or macroeconomic shifts, the rise of Bitcoin underscores its growing significance in the global financial ecosystem, making its next milestones both compelling and credible. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Neiro (NEIRO): The Successor Meme Coin of DOGE

What is Neiro (NEIRO)? Neiro (NEIRO) is a new meme coin inspired by Kabosu, the sister of the famous Shiba Inu that became the face of the viral Doge meme. NEIRO aims to follow in the footsteps of Dogecoin, which became a cultural phenomenon and achieved an all-time high market cap of $88 billion. NEIRO is built on the Ethereum blockchain, making it accessible to a wide range of users. Just four days after its launch, NEIRO has already made a significant impact in the cryptocurrency market. With a market cap of $201.53 million and over 8,160 holders, NEIRO is quickly gaining traction. The 24-hour trading volume stands at $16.75 million, indicating strong interest and activity in the market. Who Created Neiro (NEIRO)? The creator of NEIRO remains anonymous. What VCs Back Neiro (NEIRO)? Unlike many other cryptocurrencies that are backed by VCs, NEIRO does not have any VC backing. Instead, it relies on its strong community and strategic partnerships to drive its growth and adoption. How Neiro (NEIRO) Works As a meme coin, NEIRO is primarily community-driven. This means that its value and success depend largely on the enthusiasm and support of its community. NEIRO has already attracted a loyal following, and its community is growing rapidly. The community aspect of NEIRO is one of its biggest strengths, as it fosters a sense of belonging and excitement among its supporters. Despite being a meme coin with no intrinsic utility, NEIRO has taken steps to ensure that it is secure and trustworthy. The contract of NEIRO includes a buy tax of 0% and a sell tax of 0%. The tax is not modifiable, and there are no external calls. The ownership has been renounced, and there is no hidden owner. The contract is open source, and it is not a honeypot. There is no proxy contract, and the token is not mintable. The transfer cannot be paused, there is no trading cooldown, and you can't sell all at once. Additionally, the owner cannot change the balance. These features ensure that NEIRO is transparent and secure, giving investors confidence in the integrity of the project. NEIRO Goes Live on Bitget NEIRO stands out in the crowded world of meme coins for several reasons. First, its connection to the Doge meme and the legendary DOGE gives it a strong cultural and emotional appeal. This connection helps NEIRO attract a dedicated community of supporters who are excited about its potential. Second, NEIRO's partnerships with Kenzo Labs and Ave.ai provide it with valuable resources and support. These partnerships ensure that NEIRO has the support it needs to succeed. Third, NEIRO's security features and transparent contract make it a trustworthy and reliable investment. Investors can feel confident that their investments are safe and that NEIRO is a legitimate project. For those looking to get in early on the next big meme coin, NEIRO offers a compelling opportunity. Trade NEIRO on Bitget to take advantage of this new and promising meme coin now! How to Trade NEIRO on Bitget Listing time: 1 August 2024 Step 1: Go to NEIROUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade NEIRO on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

The Impressive Growth of The Open Network (TON)

The Open Network (TON) is making waves in the blockchain world with its remarkable growth and innovative approach. Developed initially by Telegram and later continued by the open-source community, TON is setting new standards in the decentralized network space. This article discusses what TON is, its recent growth, the reasons behind this surge, and what the future holds for this groundbreaking blockchain. What is The Open Network (TON)? TON is a decentralized blockchain platform designed for high performance and scalability. It was initially developed by Telegram, the popular messaging app, and the Durov brothers. Although Telegram had to step back due to regulatory challenges, the community continued the project, leading to the current robust and dynamic TON ecosystem. TON aims to create a decentralized and open internet, enabling secure and scalable applications. Its native cryptocurrency, Toncoin (ticker: TON), is used for various network operations, including transactions, staking, and governance. The network integrates closely with Telegram, leveraging its vast user base to drive adoption. What The Open Network (TON) Does TON aims to create a decentralized and open internet with a Proof-of-Stake blockchain, enabling users to have more control over their digital assets and interactions. Here are some key features of TON: - Telegram Integration: One of TON's standout features is its integration with Telegram. This integration allows users to access and use TON's features directly within the Telegram app, making it easy for Telegram's 900 million users to adopt and utilize TON's services. - Toncoin: Toncoin is the native cryptocurrency of TON, used for network operations, transactions, staking, and governance. It plays a central role in the TON ecosystem. - DeFi: TON offers various DeFi features, including nominator pools for network security, decentralized exchanges for currency swaps, cross-chain transfers, low-fee payments, and token minting. - Stablecoin Integration: TON has integrated with Tether's USDT, providing native dollar-denominated stablecoin access, which is crucial for cross-border payments and DeFi applications. - Applications and Services: TON supports a wide range of applications, such as anonymous eSIMs, easy-to-remember addresses, audience monetization, digital art marketplaces, unique collectibles, and decentralized internet services like TON Sites, TON Proxy, TON WWW, and TON Storage. - Developer Support: TON offers a developer center, growth acceleration programs, grants, and bounties for ecosystem projects. Developers can build products for a global audience, leveraging Telegram's user base. The Explosive Growth of TON Over the past year, TON has experienced explosive growth across several metrics. Here's a closer look at the impressive numbers: - User Growth: The number of daily active users on TON has experienced a 3789% increase in a year. Impressively, TON has recorded more daily active addresses than Ethereum on several days in June 2024, with a record 577,848 DAAs on June 14. Source: TonStat - Wallet Addresses: The number of unique wallet addresses holding Toncoin has increased by 2400% since April 2023. This indicates a broadening base of Toncoin holders and growing adoption. - Trading Volume: Toncoin's trading volume has seen a significant increase, recently surpassing $1 billion in daily volumes. The total trading volume for the year stands at around $24 billion, showcasing the high level of market activity. - Network Activity: The 7-day moving average of transactions on TON has risen to 5 million. The network's total value locked surged to $600 million in early July 2024, reflecting substantial growth in DeFi activities. - Developer Activity: The number of developers working on the TON network has increased, leading to a rise in new applications and services built on the platform. - Ecosystem Expansion: TON hosts over 650 dApps, with a DeFi total value locked of over $160 million as of April 2024. - Market Position: Toncoin has become the ninth-largest cryptocurrency by market cap, reaching $18 billion. The total value locked in TON surged to $600 million in early July 2024. Reasons Behind the Growth Several factors have contributed to the impressive growth of The Open Network: - Telegram Integration: The integration with Telegram, a chat app with more than 900 million users, has been a significant driver of TON's growth. Telegram's vast user base provides a ready-made audience for TON's applications and services. - Innovative Incentives: The TON Foundation's Open League initiative aims to distribute 30,000,000 Toncoin to users, developers, and projects, fostering ecosystem growth and participation. - Stablecoin Support: The integration with Tether's USDT has provided stablecoin functionality, making TON more attractive for cross-border payments and DeFi applications. - User Engagement: The launch of Notcoin, a "tap-to-earn" token that rewards users for completing social challenges, has engaged 35 million users since its launch five months ago. Since Notcoin, a wave of tap-to-earn games has been trending on TON, amassing millions of users each. Additionally, the introduction of Telegram Stars, an in-app currency for digital purchases, has further boosted user activity. - Decentralized Applications: The development of various dApps and services on TON has attracted users and developers, enhancing the network's utility and appeal. - Community and Developer Support: TON's developer support programs, including grants, bounties, and growth acceleration initiatives, have fostered a vibrant developer community, driving innovation and network growth. - Strategic Partnerships: Partnerships with major players like Tether and investments from venture capital firms like Pantera Capital have provided financial support and credibility to the TON ecosystem. Future Expectations The future of The Open Network holds promising prospects. One of the primary expectations is sustained user growth. As TON's applications and services gain traction, supported by integration with Telegram, the network's user base is anticipated to expand steadily. This integration leverages Telegram's vast user ecosystem of 900 million, ensuring a continuous influx of potential users drawn to TON's offerings. Furthermore, TON's DeFi ecosystem is likely to experience significant expansion. The development of more dApps and financial products within TON's ecosystem is expected to attract both users and capital. This growth in DeFi will not only diversify the utility of Toncoin but also enhance the network's overall appeal and functionality. Scalability remains a critical focus for TON's future advancements. Ongoing developments in TON's architecture, such as adaptive infinite sharding and dynamic sharding, are anticipated to enhance scalability and performance. These improvements will bolster TON's competitiveness among other high-performance blockchains, ensuring it can handle increased transaction volumes and maintain efficient operations. Innovation continues to drive TON's evolution, with the ongoing development of unique applications like Notcoin and Telegram Stars. These applications not only enhance user engagement but also introduce new use cases for Toncoin, broadening its utility within the ecosystem and beyond. TON's commitment to supporting developers through grants, bounties, and growth acceleration programs is expected to catalyze increased developer activity. This support framework encourages innovation and the creation of new dApps and services, further enriching TON's ecosystem and driving its growth trajectory. Like any blockchain network, TON may encounter regulatory challenges in the future. However, its decentralized nature and community-driven development model provide inherent resilience against regulatory pressures. This resilience positions TON to navigate regulatory landscapes effectively while continuing to innovate and expand its capabilities. Looking forward, TON holds significant potential for mass adoption. With its integration with Telegram and the backing of a robust user community, TON is well-positioned to become a leading blockchain network. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

What is Telegram Open Network (TONCOIN)?

Toncoin originated from the Telegram Open Network (TON), a blockchain project initially developed by Telegram, one of the world's most popular messaging apps and beloved homeland of crypto community. The project was conceived by Telegram's founder, Pavel Durov, and his team as a means to decentralise digital communication and enhance user privacy. The vision was to create a multi-blockchain platform that could not only handle massive amounts of transactions but also offer a new way of storing data securely and privately through a decentralised network. Technical Foundations Of Toncoin Toncoin is underpinned by The Open Network, which utilises a pioneering multi-blockchain architecture to enhance scalability and accelerate transaction processing. This structure comprises a master blockchain alongside auxiliary workchains and shardchains. These elements dynamically adjust, splitting or merging in response to transaction volumes, an operation autonomously managed by the network's sophisticated algorithms. Crucially, Toncoin employs a Proof-of-Stake (PoS) consensus mechanism. This approach not only expedites transaction times but also significantly reduces the network's environmental footprint compared to the Proof-of-Work (PoW) systems used by traditional cryptocurrencies like Bitcoin. The network supports the development and deployment of smart contracts and decentralised applications (DApps) with relative ease, thanks to its compatibility with high-level programming languages and comprehensive developer tools. This accessibility is intended to lower the barrier to entry for blockchain technology adoption. Among its notable technological innovations are the Instant Hypercube Routing and the Infinite Sharding Paradigm. The former ensures rapid transaction processing across the network, while the latter allows the blockchain to scale efficiently, maintaining high performance regardless of user numbers or transaction volumes. Additionally, Toncoin integrates TON Storage for decentralised file storage and TON Proxy for enhanced user privacy through VPN services and anonymisation capabilities. These features collectively position Toncoin as a versatile and environmentally friendly blockchain solution. Key Features And Innovations Toncoin introduces a series of pioneering features that distinctly differentiate it from other digital currencies. These innovative elements not only enhance Toncoin’s utility in everyday transactions but also empower it with the capability to support a wide array of applications—from digital content payments to secure data storage and private internet browsing—cementing its position as a versatile and environmentally conscious blockchain solution. Instant hypercube routing: This routing system is optimised to maintain peak efficiency regardless of network scale, ensuring that transactions are processed swiftly between any two nodes. This makes TON particularly suitable for microtransactions and daily financial activities. Infinite sharding paradigm: TON's network can automatically adjust its blockchain structure—splitting and merging—to efficiently manage varying transaction volumes. This capability is designed to sustain high performance, even with potentially billions of users and transactions, thus supporting extensive scalability. TON storage: Integrated directly within the network, TON Storage offers a decentralised file-storage solution that allows users to securely store files, safeguarding data against censorship and breaches thanks to the blockchain's decentralised nature. TON Proxy: Including VPN functionalities and anonymisation features, TON Proxy enhances privacy for users by concealing IP addresses and facilitating secure internet access. This is particularly valuable in regions with stringent internet censorship, enabling unrestricted web access. Toncoin's Use Cases Toncoin's versatile architecture supports a broad spectrum of applications, which demonstrates Toncoin's potential to revolutionise not only financial transactions but also to empower data privacy and global connectivity. First and foremost, Toncoin can underpin various DeFi applications, such as decentralised exchanges (DEXs), lending platforms, and mechanisms for yield farming. These applications eliminate the need for traditional financial intermediaries, promoting a more direct and secure financial environment. At the same time, due to its rapid transaction capabilities and minimal fees, Toncoin is ideal for micropayments. This allows for economically viable transactions in scenarios such as purchasing digital content or small-scale services online. Additionally, it offers a more efficient and cost-effective solution for remittances, reducing the transaction costs and time associated with conventional money transfer services. We also know that Toncoin facilitates secure and private data storage through TON Storage, while TON Proxy provides enhanced privacy and security features for internet access. These features are particularly appealing for users requiring protection from surveillance and censorship, such as journalists or residents in restrictive regimes. Future Outlook Toncoin enters the cryptocurrency market with distinct technological advancements that position it uniquely among digital currencies. Its robust multi-blockchain architecture and scalable solutions directly address some of the critical limitations faced by traditional cryptocurrencies, such as Bitcoin and Ethereum, particularly in terms of scalability and transaction speed. These features make Toncoin highly competitive in facilitating microtransactions and supporting extensive user bases, potentially encompassing billions of transactions. Furthermore, the built-in privacy features and decentralised data storage capabilities offer significant advantages in terms of user security and data integrity, promoting user trust and potentially increasing adoption rates. Looking forward, the future of Toncoin seems promising. As blockchain technology continues to mature and integrate into various sectors, Toncoin's innovative features, particularly its scalability and environmental sustainability, are likely to facilitate wider mainstream acceptance. This could see Toncoin becoming a pivotal player in the evolution of blockchain applications, from finance to data security, significantly impacting how digital transactions and services are managed globally. Trade TONCOIN on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Ethereum Value and Price (Part 2)

In the first part, we have discussed the determinants of money and to what extent Ethereum fulfils these requirements. Now to the tricky part - valuation. We have yet to find the optimal valuation model for cryptocurrencies. The prevailing ones are mere suggestions adopted from the traditional markets, which have completely different characteristics as well as way less variables than the dynamic digital space. This is but an attempt to quantify the growth potential of Ethereum, the second largest cryptocurrency by market cap and the native token of the biggest application blockchain. Ethereum And Bitcoin Are Different In Nature Most valuation models out there discuss the methods to value Bitcoin. Why then? First of all, Bitcoin is one of the oldest cryptocurrencies, meaning data's availability and sufficiency. It also has a limited supply of 21,000,000, similar to gold and many stocks, that’s why applying existing models makes more sense. However, just as gold, Bitcoin is more of a store of value (remember, it's more of) because Satoshi designed the core architect of the Bitcoin blockchain to serve the single purpose of a ‘purely peer-to-peer version of electronic cash', which explains the lower throughput and the lower adaptability of this blockchain. Meanwhile, Ethereum was created as an application blockchain right from the start. It has built-in smart contract functionality that can process more transactions per second, allow developers to build with ease and be adapted for multiple uses. Anyone using Ethereum has to pay for their activities (gas fee) with ETH, a reason to link ETH price changes with the expansion of the Ethereum ecosystem. That is not to mention L2, bridges, oracles, and other entities outside of Ethereum utilising this blockchain. Valuing Ethereum used to be more complicated than Bitcoin due to the inflationary mechanism of ETH supply. Luckily The Merge took place with one major aspect being the reduction in daily ETH issuance; it should make the process much easier moving forward. With Ethereum’s 30-day volatility falling to the lowest level in its history on June 06, 2023 and its 90-day volatility on June 27, 2023, predicting ETH prices using data from The Merge onwards is definitely more sensible. It's important to note that we are about to enter the realm of optimal assumptions, where many factors are either simplified or ruled out to render the following valuation models plausible (TL;DR: take this lightly). All prices mentioned hereafter will be denoted in USD. Supply And Demand The economic law of Supply and Demand talks about why and how prices of an asset, product or service change. Theoretically, there are three cases where prices go up: when demand is constant and supply decreases, when supply is constant and demand increases and understandably when supply decreases and demand increases simultaneously. Given that ETH price volatility has hit record lows, we will try to explain the growth potential of this coin using supply and demand theories first. We can calculate the elasticity of demand right off the bat using prices and Ethereum’s circulating supply. The percentage change in ETH price stands at 31.39% (from 1,472 on September 16, 2022 to 1,934.05 on July 01, 2023), whilst the figure is -0.24% for the coin’s circulating supply. That translates to an absolute value of 0.01 for price elasticity, denoting a near constant demand for ETH regardless of market forces’ actions. The highest annualised daily deflation rate of Ethereum supply from September 16, 2022 to July 01 2023 is 3.9%. Prices in the same period demonstrate the tendency to rise in tandem with this rate as shown in the chart below. Using trendline as the ‘best guess’, it’s highly possible that ETH price can approach 3,800 - 4,000. As the supply change is lower than 0 (deflationary) on 194 out of 289 days since The Merge or two-third of the time, we are 67% sure of this estimate. Assuming demand remains the same, ETH price should double if supply is reduced by half, right? That scenario is, unfortunately, too hard to be realised: It takes at least 14 years (take our best guess of 5% supply reduced annually) for ETH supply to drop from ca. 120 million to 60 million. Most people want their investments to be as profitable as possible in the shortest time, so we better cross this off our list of possible cases. When it comes to demand, Total Value Locked (TVL) and on-chain volume appear to be the two fair choices. TVL is more reliable in the sense that it fluctuates much less than the other metric; on-chain volume is subject to changes due to unsustainable causes such as an influx of airdrop seekers and thus should exert a smaller influence on ETH prices (see the near horizontal trendline). The charts above allow us to have a general idea of how supply, TVL and on-chain volume can affect ETH prices. We will now try to build a regression model, which describes the relationship between a response variable, here the ETH price, and three above-mentioned metrics as explanatory variables. In layman’s terms, it’s time to see how much ETH price moves when each predictor changes. Source: Bitget Academy This is a summary of our model. The statistics say that this is an acceptable model and accordingly, ETH price can be predicted as follows: • Date and supply are more trusty; on-chain volume is the least significant input • Supply and on-chain volume are negatively correlated with ETH price • ETH price increases when TVL rises • ETH price increases every day There are some overlapping periods between the predicted ETH price (price fit) and the actual ETH price, and the price fit graph almost looks like the trendline for ETH price. Please note that this model doesn’t take into account events e.g. the FTX fall in November 2022 or the Shapella upgrade in April 2023, hence the different values. If we agree that this model is good enough for a rough approximation of ETH price, we can make some projections for ETH prices as follows: Despite the implication that on-chain volume and ETH prices diverge from one another, we still consider it a measure of demand, though a fallible one. For the current (as of July 01, 2023) annualised daily deflation rate of ETH supply to increase every year and reach the peak of 3.9% at the end of 2030, we expect an acceleration rate of 0.6. Likewise, 0.1 is simply fair for a depreciation rate of TVL and on-chain volume of Ethereum in view of the developments of existing and potential new L1 blockchains. Even with a bold assumption of 0.5 depreciation rate for Ethereum on-chain volume, the nominal ETH price projection for 2030 would be 112,046. Basically, 2023 has been good for Ethereum with its price going from 1,196.61 on January 01, 2023 to 1,934.05 on July 01, 2023. If the coin can keep up this pace, the corresponding projected value will be much higher than those derived from supply/demand metrics with an inflation-adjusted ROI of 104.1% (assuming 2% yearly CPI change). The safest bet stands at 2,164 at the end of 2030, which is equivalent to a ROI of 11.9% or an inflation-adjusted ROI of 2.3%. Metcalfe’s Law For Ethereum The premise of Metcalfe’s law lies in the expectation that the value of a product or service lying at the core of a network will increase through network operations. The Ether coin is used for everything that runs on the Ethereum blockchain, suggesting that there should be some mirroring between ETH price or market cap (as the blockchain’s value) and its user base. Then we can try applying Metcalfe's law for ETH price forecasting. The question is what to choose as a good indicator of Ethereum users. We put the daily active addresses and daily transactions to the test while (intuitively) leaning towards the former. Again we use regression to fit the Metcalfe’s curve to each given metric, but this time within a longer (5-year) time frame. Using the coefficient of determination as the key statistics for the usefulness of this model, it’s safe to say that neither daily active addresses (46.7%) nor daily transactions (52.2%) is a decent predictor for ETH prices. This being the case, our ETH price projections using this approach should be less reliable than the one for supply and demand. The fair value estimate for Ethereum using daily active addresses (Met Active) is quite close to the coin’s actual market cap whereas using daily transactions as a user proxy (Met Tx) results in a much higher estimate. As of July 01, 2023, Met Active and Met Tx are 27.5% and 629% higher than the market cap of Ethereum, signalling considerable room for price growth. Between 2021 and June 2022, Ethereum price was overvalued compared to the Met Active. A lot of climactic events took place during that time: Bitcoin price recorded its all-time high near 70,000 in November 2021, the NFT of Beeple’s Everydays: the First 5000 Days was sold at the premier auction house Christie’s as the most expensive NFT in the history and the ‘third-most expensive work from a living artist ever sold at auction’ for a staggering 38,525 ETH or US$69.3 million at that time and technical preparation for the Ethereum Merge in 2022. That surge in Ethereum’s market cap is therefore adequately explained by a big jump in the transaction activity, which equals the ratio between on-chain volume and the Met Active value. Should we accept either of the Metcalfe values as Ethereum’s true value and 0.3% as the annual deflation rate of the coin’s supply, the future price of ETH can range from 2,520 to 14,405 in 2030 with the respective ROIs being 30.3% and 645%. Since the efficacy rate of Met Active and Met Tx is around 50% only, it’s better to turn to the forecast derived from the current ETH price (1,934 as of July 01, 2023) and its growth rate since The Merge (40% p.a), which produces an inflation-adjusted ROI of 37.25% or a nominal return of 12.45x in 7 years. Conclusion Let’s go back to the inelastic demand of ETH as a direct result of the Ethereum Merge. None of the predictors (supply, TVL, on-chain volume, daily active addresses or daily transactions) can provide a sound projection as ETH actual prices. Be it growth rate since after The Merge or in H1 2023, we can most likely expect Ethereum prices to continue to rise consistently thanks to the growing demand for this coin as the best BTC alternative and the coin of highest utility. See how the U.S. Securities and Exchange Commission (SEC) always leaves out ETH in their crypto-related cases, the line-up of Ethereum ETF applications waiting to be approved or the U.S. former President Trump’s US$2.8 million Ethereum wallet and you’ll know that Ethereum has every reason to be the most suitable for mainstream adoption. Or second-most if you are a Bitcoin maximalist. Related article: Bitcoin Value and Price Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down

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: FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious. PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious. OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious. MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD. TinyTap Game Events (Token) — 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. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token. 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 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract. BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks. AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on. EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity. Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token. $MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token. 2.Popular NFTs: The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders. 3.Popular DApps: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe. Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur. 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. ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved. SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only. 4.Twitter Hot Topics: EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU. 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. 5.Regional Trending Searches: KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES. Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, 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. Main Body Written by: Bitget Research Data collection time: May 24, 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: 398,402 New active users of ETH: 73,718, with a daily increase of 3.03% Existing active users of ETH: 324,684, with a daily increase of 1.40% 1.1.2 New User Profile Core data: There were a total of 73,718 new active users on ETH yesterday, with a daily increase of 3.03% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 324,684, with a daily increase of 1.40% Popular Sectors Popular Projects Key Projects: Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0xc63a4dd7c0a3f58cc619cf52163c88789c06f1b2 PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x1d4e66b826c8bf8e3c93574386a8dd723b3a912f SLASHA (Token) — Based on the token contract, it is suspected of being a scam (potential rug pull risk). Users are advised to be cautious of risks. https://www.dextools.io/app/en/ether/pair-explorer/0x5ace990e0176e40e470e2e039fac27f4ba4efeb8 OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x923f4273596c31fa437a03ea7f590374dfa1bedf 1.2.2 Uniswap V3 MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdb1d1c9a42e3d10717c415bd06853ea7ae818823 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD. https://www.dextools.io/app/en/ether/pair-explorer/0x6c4c7f46d9d4ef6bc5c9e155f011ad19fc4ef321 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,470,816 New active users on BSC: 206,187, with a daily decrease of 4.29% Existing active users on BSC: 1,264,629, with a daily decrease of 4.68% 2.1.2 New User Profile Core data: There were a total of 206,187 new active users on BSC yesterday, with a daily decrease of 4.29% Popular Sectors Popular Projects Key Projects: TinyTap Game Events (Token) — 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. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,264,629, with a daily decrease of 4.68% Popular Sectors Popular Projects Key Projects: PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 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 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract. BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks. https://www.dextools.io/app/en/bnb/pair-explorer/0x0c3759e4da39fdc083758b62dab2dc8519733017 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 447,611 New active users on Polygon: 124,969, with a daily increase of 7.67% Existing active users on Polygon: 322,642, with a daily increase of 0.28% 3.1.2 New User Profile Core data: There were a total of 124,969 new active users on Polygon yesterday, with a daily increase of 7.67% Popular Sectors Popular Projects Key Projects: AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on. https://www.dextools.io/app/en/polygon/pair-explorer/0xc143161ed3ed8049bb63d8da42907c08a10e2269 The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders. https://opensea.io/collection/the-ai-odyssey-3 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 322,642, with a daily increase of 0.28% Popular Sectors Popular Projects Key Projects: ZED RUN (DApp) — A horse racing game that has already launched, with 67,000 followers on Twitter and 231,000 monthly visits according to Similarweb. The majority of visitors are from the United Kingdom (40.33%) and the United States (40.07%). The game is very popular within its community. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 234,351 Arbitrum New Active Users: 46,620, with a daily increase of 3.89% Arbitrum Existing Active Users: 187,731, with a daily increase of 23.91% 4.1.2 New User Profile Core data: There were a total of 46,620 new active users on Arbitrum yesterday, with a daily increase of 3.89% 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. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 187,731, with a daily increase of 23.91% Popular Sectors Popular Projects Key Projects: Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x91e13d076acb6baad2df435dd0e10adf1b19c8d6 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 AIDOGE (Token) — On May 24, the project announced the permanent burning of 9.8% of the tokens, which had a certain stimulative effect. However, due to the lack of momentum in BTC, AIDOGE’s performance has been average. The current on-chain liquidity of the token is US$2.2 million, with a 24-hour trading volume of only US$560,000. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x6a78e84fa0edad4d99eb90edc041cdbf85925961 $MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xc4cb50b2ad4bebb59d7ebe3cbea9a747725c613c 5.DApp Ecosystem — All Chains Stargate (DApp) — Developed by the LayerZero Labs team, Stargate is a fully composable liquidity transfer protocol and the core of Omnichain DeFi. Recently, rumors in the community suggested that LayerZero had taken a snapshot for airdrop, but this was later denied by the official team. Stargate, as the core product of the ecosystem, hit a new high in interaction volume in May, and the total number of addresses that staked STG has reached 668,000, with the highest numbers on Arbitrum and Polygon. SLM Games (Dapp) — A crypto-based gambling platform that spans multiple chains, including BTC and ETH. There are currently six types of games, and the project has 513 followers on Twitter. SLM Games had an update in February this year and has seen new traffic entering as a result of its marketing operations, but overall popularity is average. 6.DApp Ecosystem — ETH Chain ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved. 7.DApp Ecosystem — BSC Chain Yuliverse (DApp) — A parallel world metaverse game, inspired by Pokemon Go and Tinder. Combining Move2Earn, GameFi, and Social concepts, it serves as a social and lifestyle application where simply moving around in the community can earn rewards and help meet new friends in Yuliverse. The project is backed by investment institutions including Animoca and Lif Capital. The team is from Hong Kong, and the product is currently available for download in the App Store. 8.DApp Ecosystem — Polygon Chain Woofi (Dapp) — WOO X is created by the crypto hedge fund Kronos Research. On May 23, investigative journalist Chris Brunet published an article scrutinizing the decentralized crypto trading platform WOO X, questioning its current financial health and suspecting that the platform has misappropriated user assets, resulting in insolvency. Data from Nansen shows that WOO X’s assets can currently cover only about 80% of its deposits, with 45% of the assets composed of WOO tokens. Subsequently, the official team refuted the report, stating that their assets are safe and can be publicly verified on-chain. They are currently hosted in two institutions, and Nansen only read one of them, which is why the data seems incomplete. Element Market (DApp) — A community-driven and aggregated NFT trading marketplace. The project is focused on multi-chain support and reducing gas fees. It achieves lower gas expenses by optimizing transactions and smart contracts. It will soon open the Ordinals NFT trading marketplace, starting with a beta test. 9.DApp Ecosystem — WAX Chain NiftyKicks Factory (DApp) — Nifty Kicks is the first P2E game built on the Wax chain with a factory concept. It has 12,000 followers on Twitter. Today, Warrior Lion Gaming’s PFP Drop is taking place on the platform, raising its popularity. 10.DApp Ecosystem — Solana Chain Magic Eden (DApp) — The largest NFT trading marketplace on Solana, it has transitioned to multi-chain development recently. Yesterday, the sale of AssetDash Vanta’s member NFTs took place, a total of 10,000 were sold out within 20 minutes, with a current trading volume of 25,700 SOL. AssetDash Vanta is a consumer application in the cryptocurrency and NFT sectors. Its members use AssetDash to track their entire investment portfolio, earn rewards, participate in weekly free giveaways, unlock exclusive deals, and more. 11.DApp Ecosystem — Arbitrum Chain SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only. 12.DApp Ecosystem — GameFi Sector Across All Chains 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. 13.Gas Fee Consumption — ETH Chain Blur (Dapp, Token) — Recently, large volumes of blue-chip NFTs like MAYC and Doodles have been sold through Blur. Binance US will open trading for BLUR/USD and BLUR/USDT pairs at 20:00 Beijing Time on May 24th. Deposits are already open. 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER. CyberConnect raised $5.4 million through its token sale on CoinList. A total of 532,000 users from 112 countries registered, and 11,540 participants participated in the token sale. 15.Gas Fee Consumption — Polygon Chain XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 16.Gas Fee Consumption — Arbitrum Chain Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project. 17.Twitter Trends Token Top 20 EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU. 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. 18.Google Trends — Global KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES. BLUR (Token) — Binance US announced the listing of BLUR yesterday, causing a short-term surge in the token’s price. Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, 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. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: ADA, AIDOGE, WAVES b) Southeast Asia Region Indonesia Trending Keywords: mining crypto gratis, halal or haram crypto Malaysia Trending Keywords: AVAX Singapore Trending Keywords: hong kong crypto Philippines Trending Tokens: MATIC, BTC c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto credit card Hong Kong Trending Keywords: hong kong crypto, Hong Kong-related tokens include KEY, CFX, ACH, LINA, HIGH, etc. 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) English-speaking Countries Canada Trending Tokens: MANA, KAVA, CFX UK Trending Tokens: CFX, INJ, HNT, WAVES, KAVA USA Trending Tokens: KAVA, BLUR Australia Trending Tokens: HIGH, KEY, CSPR, FLOKI, BLUR b) Europe Poland Trending Keywords: XRP, OKB, PEPE Germany Trending Keywords: KAVA, PEPE France Trending Tokens: IMO, KAVA, SWEAT, LTC, CHZ Italy Trending Tokens: SLP, MOF, KAVA, AIDOGE Turkey Trending Keywords: crypto bubbles, tradingview Spain Trending Tokens: BTC, WAVES, GMT, SHIB, TRIAS, ADAX 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Tokens: JUNO, XRP b) Middle East Trending Keywords: crypto bubbles, crypto desk, tradingview c) Latin America Brazil Trending Tokens: STX, SDAO Argentina Trending Tokens: NXS, PEPE Mexico Trending Tokens: MANA

Bitget Research: Arbitrum Foundation’s Transparency Issues Raise Concerns in Crypto Community, Market Sentiment Remains Stagnant

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 (SUIUSDT">SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or join the SUIBG Carnival on the Bitget trading platform to receive SUIBG. 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. Shakana (Token) — A memecoin that launched its TGE and established a trading pool just yesterday. After the token was launched, it increased by 30x and then plummeted by 90%. The liquidity of the pool is low, with only $16,000, and trading may result in high slippage. The token carries high risks of volatile price fluctuations, and its contract includes the risks of anti-whale and blacklist mechanisms. Caution is advised. SFG (Token) — SafeGrow, a token that launched its TGE yesterday, has a 5% on-chain buy and sell tax rate. After being added to a DEX, its performance has been good and it has some potential for upward movement. Currently, the total size of the pool’s liquidity is $200,000, with a total market cap of $800,000 and a 24-hour trading volume of $680,000, indicating a certain level of community trading activity. SOV (Token) — Shib Original Vision, a project that launched its TGE and established a trading pool on March 30. The pool depth has now reached $2.46 million, with a 24-hour on-chain trading volume of $2 million, indicating good trading activity. There are 2320 holders, indicating a certain community base. So far, the token’s price trend has been good, with no significant fluctuations. DXN (Token) — DBXen Token has a stable price trend with no major issues in its contract. The current trading pool depth is $200,000, with a trading volume of $620,000 and a total market cap of only $2 million, indicating a relatively low total market cap. From a technical analysis perspective, the token’s price trend is stable and has been steadily rising since TGE, indicating some wealth effect. ZERO (Token) — Zero Liquid, a project in the LSD sector with no token contract risks. The current trading pool depth is $2.27 million, with a total market cap of $5.21 million and on-chain trading volume of $910,000. The token may be hyped in the near future due to the recent Shanghai Upgrade, so it is essential to stay updated on it. SEEDx (Token) — SEEDx token is a token airdropped by Seedx. Recently, the airdrop trading has started, and there are currently 365 addresses claiming the airdrop. The token has experienced a significant drop in value after TGE, and trading volume is average. It is essential to stay updated on this token. SQUA (Token) — The contract has no obvious risks, Twitter followers are only above 1000. However, the number of daily on-chain swaps exceeds 5000 and the daily on-chain trading volume exceeds $1 million. The number of holders exceeds 73,000. The token’s price has fluctuated significantly in recent days, indicating that investors should be aware of market risks. FIST (Token) — FistToken is a token that experienced a sudden price surge without any clear positive news on social media or from the community. The token’s 24-hour trading volume reached $7.58 million, and the total market cap is $5.53 million. The token’s hype seems to outweigh its fundamental support, so it is worth keeping an eye on. MMIT (Token) — MangoMan Intelligent is an old project with the concept of “A DeFi coin for crypto beginners,” has seen an influx of funds recently and has been performing well. It has been recommended on CMC and DexTool, which has led to short-term hype. Over the past 24 hours, there have been 7188 on-chain transactions, resulting in a trading volume of $5.7 million. PEPA (Token) — Pepa Inu is currently experiencing a hype cycle, with the token price surging 40x before falling back. Currently, it is in a trend range of falling and rebounding. The total liquidity on DEX is $310,000, with a 24-hour trading volume of $590,000, indicating a certain level of hype. Circle: Arb Fiat Token (Token), USDC — As the issuer of USDC, Circle has created a native USDC contract in the Arbitrum ecosystem, indicating that USDC on Arbitrum is not a cross-chain asset but a Circle asset-backed USDC asset. This reduces the contract risk in the cross-chain process, making the use of USDC in the Arbitrum ecosystem safer. PEOPLE (Token) — PEOPLE is a token on BSC, with 33,078 holders and on-chain liquidity of $77,600. The token had a 24-hour trading volume of $287,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. 2.Popular NFTs: To Ethereum, with Love (NFT) — A commemorative Polygon Zkevm NFT, available for minting on Fair.xyz. It can be claimed by completing the payment of the gas fee and other operations on Fair.xyz. In the future, Polygon zkEvm ecological projects may use this for user promotions, and there may be airdrop opportunities, so it is important to claim this NFT. YootGods (NFT) — The PFP project that conducted an NFT sale the day before yesterday completed its minting process in a short time, and the community’s interest is high. Currently, there is a relatively high turnover on Opensea, and there is some trading activity. Although the floor price is only 0.003 ETH, the total trading volume has reached 33 ETH, indicating a certain level of hype within the community. Nakamigos (NFT) — Nakamigos is a collection of avatar NFTs with 5571 holders. It has seen a steady increase in trading volume since trading opened on March 24th. The trading volume was 1,844 ETH yesterday, and the floor price rose from 0.04 to 0.55 ETH. Currently, there is a high level of interest and activity in the market. 3.Popular DApps: ZkSync, Starknet (DApp) — Following the Arbitrum airdrop, the interaction volume of ZkSync and Starknet remains high. Users transfer their ETH assets through the relevant native cross-chain bridges and interact with the ecosystem to potentially receive future airdrop opportunities. The interaction volume of new wallets is relatively high, indicating that specialized Airdrop Farmers are conducting relevant on-chain interactions. Credit Dao Proof (DApp) — Cresit Dao Proof is a project that has partnered with BK. Recently, users have been performing “Get Rewards” operations on the chain, and there have been frequent transfers and claims on the chain. With a claimed 130,000 daily active users, the project receives good traffic. It is essential to stay updated on this project. Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Starting from March 17th, Link3 will release a specific theme post for creators to write every week, 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. Lens: LensHub (DApp) — LensHub is a leading on-chain social platform that hasn’t launched its token yet. Interactions with the project may result in airdrop opportunities. Recently, founder Stani Kulechov gave an offline talk at Harvard’s Blockchain Academy, which has received positive feedback. It is important to keep a close watch on the project’s token launch. Gridex (DApp) — GDX is a DEX on Arbitrum that combines order book and grid trading. Yesterday, the price of GDX surged, and it is currently very popular to earn points through fake trading volume and receiving airdrops. Users can participate in the trading airdrop activity, and the $GDX token is available for trading on Bitget. TT Prize (DApp) — TT is a gambling project. Although it has seen a significant increase, there are no corresponding operational or traffic activities, which is a normal phenomenon for the TT chain. Pinksale (DApp) — A launchpad project on the BSC chain that ranked 6th in TVL on the BSC chain according to Defillama data. Yesterday, the launchpad had a project called Hobbes that had high short-term hype and reached its 160 BNB fundraising goal within one block. Gamma Strategies (DApp) — Gamma is a protocol for active liquidity management and market-making strategies, offering non-custodial, automated, and active centralized liquidity management services. With the end of the Uniswap copyright protection period on April 1, the concept of Univ3-like automatic market makers has become more popular, and the project’s TVL has risen from $20 million to $70 million within two weeks. Mining Network (DApp) — Mining Network is an NFT mining game built 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. 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. The platform’s recent focus has been on “degen quest,” a joint event with Polygon. Uniswap V3 (DApp) — According to a blog post by an employee earlier on Sunday, the Arbitrum Foundation began selling ARB tokens in stablecoin form before the community “approved” the organization’s nearly $1 billion budget. This led to a $300 million increase in ARB trading volume yesterday, with Uniswap trading volume rising as well. Blur (Token) — On April 2, Blur platform traded a total of 24,000 ETH, while OpenSea traded 5211 ETH. NFT market trading volume has increased recently, but Blur’s performance relative to BTC has been average, with a current price of 0.59 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 development of its products. Worldcoin (Token) — Worldcoin is a cryptocurrency company founded by OpenAI CEO Sam Altman, and plans to launch its mainnet in the first half of this year. Worldcoin aims to issue a global digital currency to every person in the world and build a unique personal identification code by scanning the iris through a spherical device it has developed, giving each person’s digital currency a unique identity. The project’s token is planned to launch in the first half of this year. Biconomy (Token) — This is a multi-chain relayer that represents users in executing transactions. Users only need to state what they want, and the Biconomy decentralized protocol will handle the transaction on the desired target blockchain on their behalf. Recently, it has been a core hype target for account abstraction. The token BICO has a daily trading volume of $2.3 million and has experienced a significant decline in the past week. Bitget has already listed this token. Layerzero (DApp) — Layerzero is a key project that has yet to launch its token. With the wealth effect of the ARB airdrop, there has been a noticeable increase in user interactions with LayerZero. Users are eager to interact with the project in hopes of getting potential airdrop opportunities. Arbitrum Foundation (DApp) — There has been much controversy surrounding the Arbitrum Foundation recently, primarily due to a lack of transparency in its funding. Although 42.78% of the tokens were supposed to be transferred to the Arbitrum DAO treasury wallet, only 3.52 billion tokens were actually transferred. The Foundation has proposed the AIP-1 plan to introduce a decentralized autonomous organization, but the entity behind the proposal, Lemma, has also applied for 750 million ARB tokens for operations. These issues have led to TreasureDAO, the largest governance representative in the Arbitrum ecosystem, opposing the AIP-1 proposal, with the opposition now exceeding 80%. Randmizer.ai (DApp) — This project is a tool built on Arbitrum that generates random numbers for smart contract agreements at a low cost. The Randomizer VRF was released on Arbitrum One on February 14 and currently supports projects such as Lotto and Vox Finance. With a large potential user base in the future, it has some space for potential partnerships. 4.Twitter Hot Topics: SOON (Token) — SoonSwap started a voting campaign on Daomaker on March 19th to list their token. The campaign lasted for 7 days and a total of $30,000 worth of tokens were distributed to users who participated in the voting. SoonSwap is positioning itself as an NFT trading marketplace with both limit order and AMM functionalities. The beta version of their product is already live, and users can stay updated on the voting results by following the project. XRP (Token) — According to a report by CryptoSlate on April 2nd, the SEC’s lawsuit against Ripple did not end on March 31st as previously expected. It is uncertain when the judge will make a decision, and it may take up to 30 or 60 days. If the SEC wins the case and classifies XRP as a security, it could bring many other digital assets and cryptocurrencies under its jurisdiction. Additionally, US legislators may authorize the Commodity Futures Trading Commission (CFTC) to regulate cryptocurrency derivatives and trading. Following this news, XRP experienced rapid growth and has since entered a period of volatility. It is important to continue monitoring the outcome of this case as it develops. 5.Regional Trending Searches: Splinterlands (Token) — This project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains. On March 19th, they announced the start of the Soulkeep closed testing on March 21st, which has gained attention from the community. Main Body Written by: Bitget Research Data collection time: April 3, 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: 401,174 New active users of ETH: 71,366, with a daily decrease of 2.53% Existing active users of ETH: 329,808, with a daily decrease of 6.98% 1.1.2 New User Profile Core data: There were a total of 71,366 new active users on ETH yesterday, with a daily decrease of 2.53% Popular Sectors Popular Projects ZkSync, Starknet (DApp) — Following the Arbitrum airdrop, the interaction volume of ZkSync and Starknet remains high. Users transfer their ETH assets through the relevant native cross-chain bridges and interact with the ecosystem to potentially receive future airdrop opportunities. The interaction volume of new wallets is relatively high, indicating that specialized Airdrop Farmers are conducting relevant on-chain interactions. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 329,808, with a daily decrease of 6.98% Popular Sectors Popular Projects To Ethereum, with Love (NFT) — A commemorative Polygon Zkevm NFT, available for minting on Fair.xyz. It can be claimed by completing the payment of the gas fee and other operations on Fair.xyz. In the future, Polygon zkEvm ecological projects may use this for user promotions, and there may be airdrop opportunities, so it is important to claim this NFT. https://fair.xyz/collection/polygonZKEVM YootGods (NFT) — The PFP project that conducted an NFT sale the day before yesterday completed its minting process in a short time, and the community’s interest is high. Currently, there is a relatively high turnover on Opensea, and there is some trading activity. Although the floor price is only 0.003 ETH, the total trading volume has reached 33 ETH, indicating a certain level of hype within the community. https://opensea.io/collection/yootgods/activity 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 cNotes (Token) — A community-based concept token, which was just launched with its TGE yesterday. The token increased rapidly yesterday and then suffered a sharp decrease, leading to a significant number of holders being trapped. The project team seems to have significant control over the token, and managing the market cap is prone to extreme fluctuations, creating significant uncertainty. Therefore, it is not recommended for users to participate in this project. https://www.dextools.io/app/en/ether/pair-explorer/0x21bbb91b60ef99bd38d1202c927502ea08af0d00 Shakana (Token) — A memecoin that launched its TGE and established a trading pool just yesterday. After the token was launched, it increased by 30x and then plummeted by 90%. The liquidity of the pool is low, with only $16,000, and trading may result in high slippage. The token carries high risks of volatile price fluctuations, and its contract includes the risks of anti-whale and blacklist mechanisms. Caution is advised. https://www.dextools.io/app/en/ether/pair-explorer/0x96b657b5f542cdfb9d0a4d5f2c6930ae93c0ed6d SFG (Token) — SafeGrow, a token that launched its TGE yesterday, has a 5% on-chain buy and sell tax rate. After being added to a DEX, its performance has been good and it has some potential for upward movement. Currently, the total size of the pool’s liquidity is $200,000, with a total market cap of $800,000 and a 24-hour trading volume of $680,000, indicating a certain level of community trading activity. https://www.dextools.io/app/en/ether/pair-explorer/0x6a5015c449e345283ab9466d1d2fec0cbfce2697 TRUCK (Token) — TRUCK is Cybertruck’s project that capitalizes on Elon concept. The contract has trading limit risk. The liquidity pool is only worth $13,000, which could result in high slippage for those participating. The token has seen significant ups and downs in price, and the market risk is high. https://www.dextools.io/app/en/ether/pair-explorer/0x2fd7bddeefdeae3fdafa5acd77634bcc2ac4da6c 1.2.2 Uniswap V3 SOV (Token) — Shib Original Vision, a project that launched its TGE and established a trading pool on March 30. The pool depth has now reached $2.46 million, with a 24-hour on-chain trading volume of $2 million, indicating good trading activity. There are 2320 holders, indicating a certain community base. So far, the token’s price trend has been good, with no significant fluctuations. https://www.dextools.io/app/en/ether/pair-explorer/0x0318170609141bfdb38d20d1f1c5b5197670ecee DXN (Token) — DBXen Token has a stable price trend with no major issues in its contract. The current trading pool depth is $200,000, with a trading volume of $620,000 and a total market cap of only $2 million, indicating a relatively low total market cap. From a technical analysis perspective, the token’s price trend is stable and has been steadily rising since TGE, indicating some wealth effect. https://www.dextools.io/app/en/ether/pair-explorer/0x7f808fd904ffa3eb6a6f259e6965fb1466a05372 ZERO (Token) — Zero Liquid, a project in the LSD sector with no token contract risks. The current trading pool depth is $2.27 million, with a total market cap of $5.21 million and on-chain trading volume of $910,000. The token may be hyped in the near future due to the recent Shanghai Upgrade, so it is essential to stay updated on it. https://www.dextools.io/app/en/ether/pair-explorer/0xa80838d2bb3d6ebaed1978fa23b38f91775d8378 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,206,094 New active users on BSC: 144,201, with a daily decrease of 9.33% Existing active users on BSC: 1,061,893, with a daily decrease of 6.66% 2.1.2 New User Profile Core data: There were a total of 144,201 new active users on BSC yesterday, with a daily decrease of 9.33% Popular Sectors Popular Projects SEEDx (Token) — SEEDx token is a token airdropped by Seedx. Recently, the airdrop trading has started, and there are currently 365 addresses claiming the airdrop. The token has experienced a significant drop in value after TGE, and trading volume is average. It is essential to stay updated on this token. SQUA (Token) — The contract has no obvious risks, Twitter followers are only above 1000. However, the number of daily on-chain swaps exceeds 5000 and the daily on-chain trading volume exceeds $1 million. The number of holders exceeds 73,000. The token’s price has fluctuated significantly in recent days, indicating that investors should be aware of market risks. 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 1,061,893, with a daily decrease of 6.66% Popular Sectors Popular Projects Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Starting from March 17th, Link3 will release a specific theme post for creators to write every week, 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. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 FIST (Token) — FistToken is a token that experienced a sudden price surge without any clear positive news on social media or from the community. The token’s 24-hour trading volume reached $7.58 million, and the total market cap is $5.53 million. The token’s hype seems to outweigh its fundamental support, so it is worth keeping an eye on. https://www.dextools.io/app/en/bnb/pair-explorer/0xb4ec801aed8c92f2e69589518aaa127afb37d8c9 MMIT (Token) — MangoMan Intelligent is an old project with the concept of “A DeFi coin for crypto beginners,” has seen an influx of funds recently and has been performing well. It has been recommended on CMC and DexTool, which has led to short-term hype. Over the past 24 hours, there have been 7188 on-chain transactions, resulting in a trading volume of $5.7 million. https://www.dextools.io/app/en/bnb/pair-explorer/0x7f36fded4229f37e409ddebf42e8860e5acf4b26 PEPA (Token) — Pepa Inu is currently experiencing a hype cycle, with the token price surging 40x before falling back. Currently, it is in a trend range of falling and rebounding. The total liquidity on DEX is $310,000, with a 24-hour trading volume of $590,000, indicating a certain level of hype. https://www.dextools.io/app/en/bnb/pair-explorer/0xb1626e681a2ad96c2909fc3d8c0f5f78d500f5a8 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 419,146 New active users on Polygon: 84,680, with a daily decrease of 22.63% Existing active users on Polygon: 334,466, with a daily decrease of 5.65% 3.1.2 New User Profile Core data: There were a total of 84,680 new active users on Polygon yesterday, with a daily decrease of 22.63% Popular Sectors Popular 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 join the SUIBG Carnival on the Bitget trading platform to receive SUIBG. 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. Credit Dao Proof (DApp) — Cresit Dao Proof is a project that has partnered with BK. Recently, users have been performing “Get Rewards” operations on the chain, and there have been frequent transfers and claims on the chain. With a claimed 130,000 daily active users, the project receives good traffic. It is essential to stay updated on this project. https://creditdao.plus/ 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 334,466, with a daily decrease of 5.65% Popular Sectors Popular Projects Lens: LensHub (DApp) — LensHub is a leading on-chain social platform that hasn’t launched its token yet. Interactions with the project may result in airdrop opportunities. Recently, founder Stani Kulechov gave an offline talk at Harvard’s Blockchain Academy, which has received positive feedback. It is important to keep a close watch on the project’s token launch. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 TRADE (Token) — Polytrade has recently performed well, with a nearly 3x increase in the past three days and breaking its previous high. The token has a liquidity pool of $1 million on DEX, but its total market cap is as high as $7.2 billion, which may indicate a potential for the project to manipulate the price and sell off. It is not recommended to participate. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 166,347 Arbitrum New Active Users: 30,748, with a daily increase of 3.89% Arbitrum Existing Active Users: 135,599, with a daily increase of 13.99% 4.1.2 New User Profile Core data: There were a total of 30,748 new active users on Arbitrum yesterday, with a daily increase of 3.89% Popular Sectors Popular Projects Circle: Arb Fiat Token (Token), USDC — As the issuer of USDC, Circle has created a native USDC contract in the Arbitrum ecosystem, indicating that USDC on Arbitrum is not a cross-chain asset but a Circle asset-backed USDC asset. This reduces the contract risk in the cross-chain process, making the use of USDC in the Arbitrum ecosystem safer. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 135,599, with a daily increase of 13.99% Popular Sectors Popular Projects Gridex (DApp) — GDX is a DEX on Arbitrum that combines order book and grid trading. Yesterday, the price of GDX surged, and it is currently very popular to earn points through fake trading volume and receiving airdrops. Users can participate in the trading airdrop activity, and the $GDX token is available for trading on Bitget. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 BV3A (Token) — After its TGE on March 31st, the token has slowly increased by 10x and has shown stable performance. However, the token’s contract has not been verified, which poses a risk of rug pull from the project side. There are KOLs on Twitter promoting this token, but its contract security cannot be guaranteed. It is not recommended to participate. https://dexscreener.com/arbitrum/0x536a4a24bf31ab0d1cf0e5a11cacb319ecc9a33a 5.DApp Ecosystem — All Chains TT Prize (DApp) — TT is a gambling project. Although it has seen a significant increase, there are no corresponding operational or traffic activities, which is a normal phenomenon for the TT chain. 6.DApp Ecosystem — ETH Chain Nakamigos (NFT) — Nakamigos is a collection of avatar NFTs with 5571 holders. It has seen a steady increase in trading volume since trading opened on March 24th. The trading volume was 1,844 ETH yesterday, and the floor price rose from 0.04 to 0.55 ETH. Currently, there is a high level of interest and activity in the market. https://opensea.io/collection/nakamigos 7.DApp Ecosystem — BSC Chain Pinksale (DApp) — A launchpad project on the BSC chain that ranked 6th in TVL on the BSC chain according to Defillama data. Yesterday, the launchpad had a project called Hobbes that had high short-term hype and reached its 160 BNB fundraising goal within one block. 8.DApp Ecosystem — Polygon Chain Gamma Strategies (DApp) — Gamma is a protocol for active liquidity management and market-making strategies, offering non-custodial, automated, and active centralized liquidity management services. With the end of the Uniswap copyright protection period on April 1, the concept of Univ3-like automatic market makers has become more popular, and the project’s TVL has risen from $20 million to $70 million within two weeks. 9.DApp Ecosystem — WAX Chain Mining Network (DApp) — Mining Network is an NFT mining game built 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. 10.DApp Ecosystem — Solana Chain Solcasino.io (DApp) — This is a betting game on the Solana chain. Currently, there is a significant loss of traffic on the Solana chain, so it is not recommended to pay special attention to this DApp at the moment. 11.DApp Ecosystem — Arbitrum Chain 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. The platform’s recent focus has been on “degen quest,” a joint event with Polygon. Uniswap V3 (DApp) — According to a blog post by an employee earlier on Sunday, the Arbitrum Foundation began selling ARB tokens in stablecoin form before the community “approved” the organization’s nearly $1 billion budget. This led to a $300 million increase in ARB trading volume yesterday, with Uniswap trading volume rising as well. 12.DApp Ecosystem — GameFi Sector Across All Chains Planetix (DApp) — This is a top GameFi project on Polygon. The daily active user count fluctuates significantly, but it has remained one of the most active projects on Polygon in terms of interactions over the long term. This level of fluctuation is normal for the project. 13.Gas Fee Consumption — ETH Chain Blur (Token) — On April 2, Blur platform traded a total of 24,000 ETH, while OpenSea traded 5211 ETH. NFT market trading volume has increased recently, but Blur’s performance relative to BTC has been average, with a current price of 0.59 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 development of its products. zkSync Era (DApp) — Due to the airdrop effect from Arbitrum, zkSync’s user activity has remained at the forefront of new Ethereum users. According to the latest data from Dune, zkSync Era has 246,000 independent wallet addresses on the mainnet, with 57,200 ETH transferred to zkSync, and a total of 289,000 transactions. The user activity continues to increase. 14.Gas Fee Consumption — BSC Chain PEOPLE (Token) — PEOPLE is a token on BSC, with 33,078 holders and on-chain liquidity of $77,600. The token had a 24-hour trading volume of $287,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Starting from March 17th, Link3 will release a specific theme post for creators to write every week, 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 Worldcoin (Token) — Worldcoin is a cryptocurrency company founded by OpenAI CEO Sam Altman, and plans to launch its mainnet in the first half of this year. Worldcoin aims to issue a global digital currency to every person in the world and build a unique personal identification code by scanning the iris through a spherical device it has developed, giving each person’s digital currency a unique identity. The project’s token is planned to launch in the first half of this year. Biconomy (Token) — This is a multi-chain relayer that represents users in executing transactions. Users only need to state what they want, and the Biconomy decentralized protocol will handle the transaction on the desired target blockchain on their behalf. Recently, it has been a core hype target for account abstraction. The token BICO has a daily trading volume of $2.3 million and has experienced a significant decline in the past week. Bitget has already listed this token. 16.Gas Fee Consumption — Arbitrum Chain Layerzero (DApp) — Layerzero is a key project that has yet to launch its token. With the wealth effect of the ARB airdrop, there has been a noticeable increase in user interactions with LayerZero. Users are eager to interact with the project in hopes of getting potential airdrop opportunities. Arbitrum Foundation (DApp) — There has been much controversy surrounding the Arbitrum Foundation recently, primarily due to a lack of transparency in its funding. Although 42.78% of the tokens were supposed to be transferred to the Arbitrum DAO treasury wallet, only 3.52 billion tokens were actually transferred. The Foundation has proposed the AIP-1 plan to introduce a decentralized autonomous organization, but the entity behind the proposal, Lemma, has also applied for 750 million ARB tokens for operations. These issues have led to TreasureDAO, the largest governance representative in the Arbitrum ecosystem, opposing the AIP-1 proposal, with the opposition now exceeding 80%. Randmizer.ai (DApp) — This project is a tool built on Arbitrum that generates random numbers for smart contract agreements at a low cost. The Randomizer VRF was released on Arbitrum One on February 14 and currently supports projects such as Lotto and Vox Finance. With a large potential user base in the future, it has some space for potential partnerships. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: MOB, RON, SFUND, BNB Newly listed tokens: PST, RON, SOON, DOGE RON (Token) — Ronin is an Ethereum sidechain created for the Axie Infinity community. Recently, RON experienced a 4x increase from its bottom, and its trading volume has increased to over $3 million per day. As a formerly promising chain that suffered a theft incident and has been dormant for a long time, it is essential to stay updated on its future development. SOON (Token) — SoonSwap began a voting campaign on DAOmaker on March 19th, which will last for 7 days. The campaign offers a token reward worth $30,000 that will be distributed among voters. The project aims to be an NFT trading market with limit orders and AMM functionality, and a testing version of the product is already online. It is essential to stay updated on the voting results. 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: ARB, BTC, ETH, USDT, XRP Builders mentioned the following tokens: ARB, NGT, KMA, ETH XRP (Token) — According to a report by CryptoSlate on April 2nd, the SEC’s lawsuit against Ripple did not end on March 31st as previously expected. It is uncertain when the judge will make a decision, and it may take up to 30 or 60 days. If the SEC wins the case and classifies XRP as a security, it could bring many other digital assets and cryptocurrencies under its jurisdiction. Additionally, US legislators may authorize the Commodity Futures Trading Commission (CFTC) to regulate cryptocurrency derivatives and trading. Following this news, XRP experienced rapid growth and has since entered a period of volatility. It is important to continue monitoring the outcome of this case as it develops. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, NOM, THOR 20.Google Trends — Global More frequently mentioned keywords in Google trending searches: bitcoin, coingecko, binance, ethereum Splinterlands (Token) — This project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains. On March 19th, they announced the start of the Soulkeep closed testing on March 21st, which has gained attention from the community. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: KIBHO, WAVE, ETH, Pakistan Trending Keywords: crypto faucet, trust crypto and bitcoin wallet b) Southeast Asia Region Philippines Trending Keywords: splinterlands, crypto mining app, btc to usd Indonesia Trending Keywords: coingecko, long term crypto investment, bitcoin price, crypto earning games Malaysia Trending Keyword: crypto calculator Singapore Trending Keyword: free and greed index crypto c) East Asia and Hong Kong, Macau, and Taiwan Trending Keyword: Crypto news 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Crypto Bubbles, Crypto trading, Coinmarketcap b) English-speaking Countries USA Trending Tokens: floki ceo crypto, XDC Canada Trending Tokens: GALA, CSPR, BNB, ADA Australia Trending Tokens: FLOKI, AI, DOGE, BRISE UK Trending Tokens: BONE, OSMO, GMX, AMP, FET Trending Keywords: is crypto haram, crypto skin c) Europe Spain Trending Tokens: TRIAS, VET, LUNA, BONE, SHBI, SXP Italy Trending Tokens: APT, LUNC; France Trending Tokens: KDA, FLOKI, SLP, DENT Germany Trending Tokens: PI, ARB, MATIC, TRX Poland Trending Tokens: ETH, USD 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: Best crypto trading platform, crypto bubbles, best crypto wallet, airdrop crypto South Africa Trending Tokens: BTC Morocco Trending Keywords: crypto bubbles, coinmarketcap b) Middle East Trending Keywords: Crypto news, Crypto Market Cap c) Latin America Brazil Trending Tokens: BTC, XRD, XRP, ETH, XLM Mexico Trending Tokens: AVAX

Bitget Research: BTC Tests $29,000 Resistance Level, ARB Shows Strong Performance After Sell-Off

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: ChiliZ (CHZ) — On March 28th, Chiliz announced that it will launch a new sports-focused blockchain called Chiliz Sports Blockchain on May 10th. It is a branch of the BNB Chain that uses the Proof of Stake Authority (PoSA) consensus mechanism and is compatible with EVM. Currently, CHZ 1.0 has 2 million wallet addresses and leads the hype of fan tokens. After the announcement, the token price saw a slight increase with minor fluctuations, with a 24-hour trading volume of $90 million. FLASH (Token) — An on-chain anonymous project providing yield locking for assets such as LSD, and GLP, with a TVL of $6.5 million and high market attention. The token saw a 3x increase yesterday due to increased capital influx but experienced a correction today, currently valued at $6.3 million with a 24-hour trading volume of $1.26 million. LDO (Token) — With the Ethereum Shanghai Upgrade approaching, multiple exchanges and projects have announced their support for the upgrade. The LSD sector hit the bottom and rebounded, and LDO has risen by 20% in the past two days. Currently, the on-chain Ethereum staking amount has reached 18 million, with a staking rate of 14.9%. It is important to keep a close watch on the changes in ETH staking amount after the upgrade is implemented. GAMMA (Token) — A decentralized liquidity provider, GAMMA’s TVL has surged to $67 million this month. It has collaborated with multiple DEXs and projects on Polygon, Arbitrum, and Optimistic to provide liquidity management for tokens. Its operating model is mainly based on fee management, and its token price has risen by 21% in the past 24 hours, with a trading volume of $3.39 million. SXP (Token) — Binance has supported the conversion function of new and old SXP tokens. SXP has upgraded its business and brand, shifting its narrative from payments to a Proof-of-Stake (POS) chain. It has also announced a token swap and its solar product has been updated, with the launch of a new blockchain explorer called solarscan. The token price has increased by 58% in the past 24 hours, with a trading volume of $130 million. C98 (Token) — Recently, multiple Vietnamese institutions and projects, including Coin98, have announced their participation in BASE L2. According to BASE, Vietnam has taken measures to create a supportive regulatory environment for blockchain and crypto startups. Vietnamese concept tokens have attracted funding attention, and C98’s token price has increased by 15% in the past 24 hours, with a trading volume of $157 million. SUIBG (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. 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. Radiant (RDNT) — A cross-chain lending protocol native to Arbitrum recently expanded to Binance Smart Chain (BSC), with TVL rapidly increasing to $24 million. Today, Binance announced the listing of Radiant, resulting in a short-term 30% increase in token price. 2.Popular NFTs: Nakamigos (NFT) — Positioned as a collection of 20,000 PFPs for cryptocurrency investors, Nakamigos is available on OpenSea and has already traded 8052 ETH, with a floor price of 0.344 ETH. There are 5529 holders, and it has received a good level of attention from the community. To Ethereum, With Love (NFT) — A commemorative token for SBT before the launch of Polygon zkEvm, it is currently being collected on Fair xyz at a price of 0.008 ETH. So far, 77,048 NFTs have been minted and users can participate to potentially receive airdrops from Polygon’s ecosystem projects. It is essential to participate in this project. Draftkings (NFT): It is a gaming and sports betting website. The US Golf PGA Tour started on March 1, and users can purchase corresponding passes to enjoy corresponding benefits. The on-chain minting is very hot and the project previously created NFT passes for football. 3.Popular DApps: Secondlive (DApp) — This project is a metaverse platform on BSC incubated by Binance Labs, where players can explore different spaces and socialize. Currently, they are running a referral program activity with a prize pool of 500,000 $BEAN tokens, which have not yet been circulated. As it is a Binance-affiliated traffic project, there is an expectation for airdrops, and community engagement has increased recently. SunFlowerland (DApp) — This is an online farming game based on Polygon, where players can engage in farming, harvesting, cooking, animal husbandry, fishing, handicrafts, and trading activities. The project ranks highly in terms of users on Polygon and has a high level of activity. Layer Zero (DApp) — An interoperability protocol across all chains that allows applications deployed on different chains to communicate with each other without any intermediary chain or consensus mechanism. The project has not yet launched its token, but the user interactions have been boosted by the Arbitrum airdrop, with the daily reposts on the chain increasing tenfold from around 5,000 in the middle of the month. CyberConnect (DApp) — CyberConnect is a decentralized social network protocol that helps DApps harness network effects and builds personalized social experiences. The decentralized protocol allows users to own their social contacts while providing developers with a composable social data layer. CyberConnect describes data standards, storage infrastructure, identity, and permission management mechanisms as the foundation for a seamless and secure digital social experience in Web3. Recently, they have been continuously introducing award-winning projects from the Connected2023 hackathon, and the project is actively organizing promotions. Blur (Token) — On March 29, Blur platform traded a total of 14,900 ETH, while OpenSea traded 6315 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.51 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. TaskON (DApp) — TaskON is a Web3-based task platform with 108,000 Twitter followers, including 80+ KOLs. The platform recently held events with other project teams, such as Bit.Store, Tugan, MetaLine, and Element. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. The project has gained significant attention from the community. Oath of Peak (DApp) — Oath of Peak is an MMORPG game developed by Yeeha Games. The project has recently gained exposure through promotion by the official account of Polygon Gaming, resulting in a significant increase in user numbers. The development team has also completed the development of mobile applications for both iOS and Android platforms, indicating good product delivery capabilities. It is important to keep a close watch on this project. 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. Odos (DApp) — It is a DEX aggregator with a good userbase in terms of community, social media, and website traffic. It has seen significant growth in traffic recently, with a monthly visit of 17,900, according to Similarweb. The main visiting countries are Japan, Switzerland, Poland, Netherlands, and Russia. It is expected to have an airdrop in the future, and the user attention is good. PlayMining (DApp) — PlayMining is a Play to Earn NFT game platform where users can play various free games and earn DEAPcoin (DEP) tokens. According to Similarweb, the monthly visits have reached 1.1 million, with the main traffic sources being Indonesia, Japan, Philippines, etc. The community is very active, and there are many players involved in the platform. 4.Twitter Hot Topics: MOB (Token) — Mobile Coin is positioned as a daily tradable token with high privacy, fast transactions, and ease of use. The community traffic is moderate, and the content comprehension threshold is high. On Twitter, the content has approximately 3,000 views. The token’s performance is relatively stable, which makes it essential to stay updated on the project updates. NGT (Token) — Gosleep announced a Beta version airdrop of $NGT to the community yesterday. There were a total of 900+ winning addresses. The Beta version of Gosleep was also announced to be launched within two days. The tweet had nearly 20,000 views, indicating high community attention. 5.Regional Trending Searches: CFX (Token) — Yesterday, as the market experienced a correction, the Hong Kong sector rebounded first. In the current environment of tightening regulations, the market is paying attention to the adoption of crypto-friendly policies in Hong Kong. On June 1, Hong Kong may loosen regulations to allow retail investors to invest in large-cap tokens, which has triggered net inflows of funds due to regulatory arbitrage. Bitget has opened a relevant Hong Kong market section. LINA (Token) — Linear Finance had frequent promotional activities today, and was mentioned by BSC Daily in a tweet about the project with the highest weekly TVL growth. Its fundamentals are growing rapidly. The token rose by more than 30% yesterday, with high levels of community interest. Main Body Written by: Bitget Research Data collection time: March 30, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1. Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 516,140 New active users of ETH: 87,466, with a daily decrease of 3.92% Existing active users of ETH: 428,674, with a daily increase of 5.34% 1.1.2 New User Profile Core data: There were a total of 87,466 new active users on ETH yesterday, with a daily decrease of 3.92% Popular Sectors Popular Projects Key Projects: ChiliZ (CHZ) — On March 28th, Chiliz announced that it will launch a new sports-focused blockchain called Chiliz Sports Blockchain on May 10th. It is a branch of the BNB Chain that uses the Proof of Stake Authority (PoSA) consensus mechanism and is compatible with EVM. Currently, CHZ 1.0 has 2 million wallet addresses and leads the hype of fan tokens. After the announcement, the token price saw a slight increase with minor fluctuations, with a 24-hour trading volume of $90 million. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 428,674, with a daily increase of 5.34% Popular Sectors Popular Projects Key Projects: Delegatecash (NFT) — Delegate.Cash is a secure solution that allows web3 users to minimize their risks and protect their valuable assets from malicious actors and harmful links. Delegate.Cash enables users to set up proxy wallets or “authorizations” to act on behalf of others, rather than signing transactions with web3 wallets that contain valuable NFTs or cryptocurrencies. Currently, Delegate.Cash’s solution has been rapidly gaining popularity and enjoys a relatively high adoption rate. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 MONKEYS (Token) — A memecoin with a community focus, and featured on Elon’s list. The token has a liquidity pool of $360,000, a 24-hour trading volume of $9 million, and a market cap of $3.92 million. It has 713 Twitter followers, but the token contract carries some risk. It is essential to keep observing this project. https://twitter.com/elonmonkeys SFMC (Token) — The community-issued Safemoon Classic version token is a high-risk project. Yesterday, the defi protocol Safemoon on the BNB chain suffered a hack resulting in a loss of $8.9 million. In response, the community issued the Classic version of the token, which experienced short-term hype and subsequent price collapse. The liquidity pool now only has $29,000, and the 24-hour trading volume is $1.44 million. This is a high-risk project and caution is advised. https://www.dextools.io/app/en/ether/pair-explorer/0x1d9c713d1a7f8cbb869a46e529dbf292e64f78fa FLASH (Token) — An on-chain anonymous project providing yield locking for assets such as LSD, and GLP, with a TVL of $6.5 million and high market attention. The token saw a 3x increase yesterday due to increased capital influx but experienced a correction today, currently valued at $6.3 million with a 24-hour trading volume of $1.26 million. https://www.dextools.io/app/en/ether/pair-explorer/0xb1c33de7a914f4d9ba293a055822cbc6e662a698 1.2.2 Uniswap V3 LDO (Token) — With the Ethereum Shanghai Upgrade approaching, multiple exchanges and projects have announced their support for the upgrade. The LSD sector hit the bottom and rebounded, and LDO has risen by 20% in the past two days. Currently, the on-chain Ethereum staking amount has reached 18 million, with a staking rate of 14.9%. It is important to keep a close watch on the changes in ETH staking amount after the upgrade is implemented. GAMMA (Token) — A decentralized liquidity provider, GAMMA’s TVL has surged to $67 million this month. It has collaborated with multiple DEXs and projects on Polygon, Arbitrum, and Optimistic to provide liquidity management for tokens. Its operating model is mainly based on fee management, and its token price has risen by 21% in the past 24 hours, with a trading volume of $3.39 million. https://www.dextools.io/app/en/ether/pair-explorer/0xad5b1a6abc1c9598c044cea295488433a3499efc 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,635,247 New active users on BSC: 225,254, with a daily increase of 26.07% Existing active users on BSC: 1,409,993, with a daily decrease of 4.53% 2.1.2 New User Profile Core data: There were a total of 225,254 new active users on BSC yesterday, with a daily increase of 26.07% Popular Sectors Popular Projects Key Projects: TTGameEvents (DApp) — A BSC-based mini-game DApp created on March 19th. It has a high level of on-chain activity, with over 140,000 interactions. The corresponding official Twitter account and the type of game have not been confirmed yet. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,409,993, with a daily decrease of 4.53% Popular Sectors Popular Projects Key Projects: Secondlive (DApp) — This project is a metaverse platform on BSC incubated by Binance Labs, where players can explore different spaces and socialize. Currently, they are running a referral program activity with a prize pool of 500,000 $BEAN tokens, which have not yet been circulated. As it is a Binance-affiliated traffic project, there is an expectation for airdrops, and community engagement has increased recently. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 SXP (Token) — Binance has supported the conversion function of new and old SXP tokens. SXP has upgraded its business and brand, shifting its narrative from payments to a Proof-of-Stake (POS) chain. It has also announced a token swap and its solar product has been updated, with the launch of a new blockchain explorer called solarscan. The token price has increased by 58% in the past 24 hours, with a trading volume of $130 million. C98 (Token) — Recently, multiple Vietnamese institutions and projects, including Coin98, have announced their participation in BASE L2. According to BASE, Vietnam has taken measures to create a supportive regulatory environment for blockchain and crypto startups. Vietnamese concept tokens have attracted funding attention, and C98’s token price has increased by 15% in the past 24 hours, with a trading volume of $157 million. 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 463,438 New active users on Polygon: 106,280, with a daily decrease of 3.54% Existing active users on Polygon: 357,158, with a daily decrease of 5.61% 3.1.2 New User Profile Core data: There were a total of 106,280 new active users on Polygon yesterday, with a daily decrease of 3.54% 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. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 357,158, with a daily decrease of 5.61% Popular Sectors Popular Projects Key Projects: SunFlowerland (DApp) — This is an online farming game based on Polygon, where players can engage in farming, harvesting, cooking, animal husbandry, fishing, handicrafts, and trading activities. The project ranks highly in terms of users on Polygon and has a high level of activity. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 The UNI pool on Polygon is mainly focused on trading mainstream tokens and has virtually no altcoin projects. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 196,670 Arbitrum New Active Users: 39,899, with a daily increase of 10.64% Arbitrum Existing Active Users: 156,771, with a daily decrease of 15.14% 4.1.2 New User Profile Core data: There were a total of 39,899 new active users on Arbitrum yesterday, with a daily increase of 10.64% Popular Sectors Popular Projects Key Projects: FUEL (Token) is a high-risk project (0x52..1c80) with no official website, Twitter, or community. The trading volume for the past 24 hours is $32 million. It is a project with a rug pull risk. Investors need to be aware of the potential risks. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 156,771, with a daily decrease of 15.14% Popular Sectors Popular Projects Key Projects: Layer Zero (DApp) — An interoperability protocol across all chains that allows applications deployed on different chains to communicate with each other without any intermediary chain or consensus mechanism. The project has not yet launched its token, but the user interactions have been boosted by the Arbitrum airdrop, with the daily reposts on the chain increasing tenfold from around 5,000 in the middle of the month. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 Radiant (RDNT) — A cross-chain lending protocol native to Arbitrum recently expanded to Binance Smart Chain (BSC), with TVL rapidly increasing to $24 million. Today, Binance announced the listing of Radiant, resulting in a short-term 30% increase in token price. 5.DApp Ecosystem — All Chains Alien Worlds (DApp) — A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is currently a multi-chain NFT DeFi metaverse game that supports Ethereum, WAX, and BSC. On March 22, it announced its participation in the 2023 Game Developers Conference (GDC 2023). On March 30, it announced that Alien Worlds was awarded the title of “Best Blockchain Game” of the year. CyberConnect (DApp) — CyberConnect is a decentralized social network protocol that helps DApps harness network effects and builds personalized social experiences. The decentralized protocol allows users to own their social contacts while providing developers with a composable social data layer. CyberConnect describes data standards, storage infrastructure, identity, and permission management mechanisms as the foundation for a seamless and secure digital social experience in Web3. Recently, they have been continuously introducing award-winning projects from the Connected2023 hackathon, and the project is actively organizing promotions. TinyTap (DApp) — Supported by Animoca Brands, the project’s vision is to use Web3 technology to create a decentralized education platform. A few days ago, the project held an offline meeting entitled “The Future of NFTs” and uploaded the record to YouTube, which caused a certain reaction in the community and led to a significant increase in UAW. Benji Bananas (DApp) — This is a free-to-play mobile blockchain game that was invested in by Animoca Brands. The project has frequent promotions, with 1–3 tweets daily on their official Twitter account to update on project progress. Recently, they launched the third Jungle Party adventure event, which has gained some popularity. It is essential to stay updated on this project. 6.DApp Ecosystem — ETH Chain Blur (Token) — On March 29, Blur platform traded a total of 14,900 ETH, while OpenSea traded 6315 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.51 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. Nakamigos (NFT) — Positioned as a collection of 20,000 PFPs for cryptocurrency investors, Nakamigos is available on OpenSea and has already traded 8052 ETH, with a floor price of 0.344 ETH. There are 5529 holders, and it has received a good level of attention from the community. https://opensea.io/collection/nakamigos Town Star (DApp) — Recently, they have been selling their Natural Energy Plant and hosting AMA events. Town Star is a town and farming game on Gala Games that gained popularity in July 2021 and has recently seen a sudden surge in interest. 7.DApp Ecosystem — BSC Chain 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. 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. TaskON (DApp) — TaskON is a Web3-based task platform with 108,000 Twitter followers, including 80+ KOLs. The platform recently held events with other project teams, such as Bit.Store, Tugan, MetaLine, and Element. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. The project has gained significant attention from the community. 8.DApp Ecosystem — Polygon Chain Oath of Peak (DApp) — Oath of Peak is an MMORPG game developed by Yeeha Games. The project has recently gained exposure through promotion by the official account of Polygon Gaming, resulting in a significant increase in user numbers. The development team has also completed the development of mobile applications for both iOS and Android platforms, indicating good product delivery capabilities. It is important to keep a close watch on this project. 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. 9.DApp Ecosystem — WAX Chain Atomic Assets (DApp) is an NFT marketplace on the WAX chain. It maintains high popularity on the WAX without any special activity. NFT Panda (DApp) — Positioned as an NFT game built on the WAX chain, NFT Panda held a mysterious auction on March 10th, but their Twitter account has not been updated since then. Currently, Twitter has 41,300 followers, including 11 KOLs. The project has been experiencing moderate activity recently. It is essential to stay updated on this project. 10.DApp Ecosystem — Solana Chain On Solana, the UAW of projects is still led by Magic Eden, and the top five remain unchanged. The user base of projects beyond the top five is very small. 11.DApp Ecosystem — Arbitrum Chain 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. Odos (DApp) — It is a DEX aggregator with a good userbase in terms of community, social media, and website traffic. It has seen significant growth in traffic recently, with a monthly visit of 17,900, according to Similarweb. The main visiting countries are Japan, Switzerland, Poland, Netherlands, and Russia. It is expected to have an airdrop in the future, and the user attention is good. 12.DApp Ecosystem — GameFi Sector Across All Chains PlayMining (DApp) — PlayMining is a Play to Earn NFT game platform where users can play various free games and earn DEAPcoin (DEP) tokens. According to Similarweb, the monthly visits have reached 1.1 million, with the main traffic sources being Indonesia, Japan, Philippines, etc. The community is very active, and there are many players involved in the platform. 13.Gas Fee Consumption — ETH Chain VOLTZ (NFT) is a project that is currently increasing its NFT supply and conducting a secondary sale. The gas fees for participation are relatively high, which has led to an increase in gas burn. However, trading activity and sale interest are relatively average. It is essential to stay updated on this project. https://opensea.io/collection/voltz-avatar-mint-vial To Ethereum, With Love (NFT) — A commemorative token for SBT before the launch of Polygon zkEvm, it is currently being collected on Fair xyz at a price of 0.008 ETH. So far, 77,048 NFTs have been minted and users can participate to potentially receive airdrops from Polygon’s ecosystem projects. It is essential to participate in this project. https://fair.xyz/collection/polygonZKEVM 14.Gas Fee Consumption — BSC Chain 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. 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. 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 Draftkings (NFT) — It is a gaming and sports betting website. The US Golf PGA Tour started on March 1, and users can purchase corresponding passes to enjoy corresponding benefits. The on-chain minting is very hot and the project previously created NFT passes for football. https://opensea.io/collection/draftkings-2022-reignmakers-football-field-pass SATIN (DApp) — Satin Exchange is a decentralized exchange that launched on Polygon yesterday. There were promotional activities such as an AMA in the community before its launch. The core of the product is to obtain profits within the project through designed allocation mechanisms. Product development seems to be in its early stages, and the community’s interest is also moderate. It is essential to stay updated on this project. 16.Gas Fee Consumption — Arbitrum Chain Lighter Router (DApp) — A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. Layer Zero (DApp) is a highly anticipated project that has not yet launched its token. Due to the wealth effect of the ARB airdrop, Layer Zero is seeing a noticeable increase in user interaction. Users are highly interested in the project, in hopes of receiving potential airdrops. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: BUSD, EGLD, USDT Newly listed tokens: MOB MOB (Token) — Mobile Coin is positioned as a daily tradable token with high privacy, fast transactions, and ease of use. The community traffic is moderate, and the content comprehension threshold is high. On Twitter, the content has approximately 3,000 views. The token’s performance is relatively stable, which makes it essential to stay updated on the project updates. 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, NGT NGT (Token) — Gosleep announced a Beta version airdrop of $NGT to the community yesterday. There were a total of 900+ winning addresses. The Beta version of Gosleep was also announced to be launched within two days. The tweet had nearly 20,000 views, indicating high community attention. https://gosleep.pro/index 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, ZEUM, RUNE, AVAX 20.Google Trends — Global BTC (Token) — Today the price of BTC broke through the $29,000 resistance and then fell sharply by 3%. The high leverage of both long and short positions poses a high risk. Currently, the market trend is not very clear, and it is important to control the leverage ratio and operate with caution. SXP (Token) — SXP has upgraded its business and brand, shifting its narrative from payments to a Proof-of-Stake (POS) chain. It has also announced a token swap and its solar product has been updated, with the launch of a new blockchain explorer called solarscan. https://www.bitget.com/en/spot/SXPUSDT_SPBL?type=spot CFX (Token) — Yesterday, as the market experienced a correction, the Hong Kong sector rebounded first. In the current environment of tightening regulations, the market is paying attention to the adoption of crypto-friendly policies in Hong Kong. On June 1, Hong Kong may loosen regulations to allow retail investors to invest in large-cap tokens, which has triggered net inflows of funds due to regulatory arbitrage. Bitget has opened a relevant Hong Kong market section. LINA (Token) — Linear Finance had frequent promotional activities today, and was mentioned by BSC Daily in a tweet about the project with the highest weekly TVL growth. Its fundamentals are growing rapidly. The token rose by more than 30% yesterday, with high levels of community interest. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Keywords: Phantom, Safemoon, On-ramp, Auto-invest, CFX Pakistan Trending Keywords: Best Crypto Wallet, Auto-invest, BNB, BTC b) Southeast Asia Region Philippines Trending Tokens: Lina, ATH, BTC, XRP, GALA, ADA, BLUR Indonesia Trending Tokens: BTC Malaysia Trending Tokens: BTC, XRP Singapore Trending Keywords: Cryptonews today, Crypto Currency c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: WTK, Crypto Spells, QNT, Crypto Bubble 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Crypto Bubbles, Airdrop Crypto, Watchlist Crypto b) English-speaking Countries USA Trending Tokens: CFX, BTT, SXP Canada Trending Tokens: FTM, XEN, HIS Australia Trending Tokens: SXP, AI, BTT, KDA, MASK UK Trending Tokens: VELO, LIDO, CFX, AMP, HELLO, HNT, POT c) Europe Spain Trending Tokens: MATIC, BTC, FTM, HNT, SXP, FLOKI, XLM France Trending Tokens: LINA, BXX, DCA, FLOKI Germany Trending Tokens: ARB, AXIE, TAX, SHIB, BTC Poland Trending Tokens: GPT, BTC, ETH, CELO, ETH Italy Trending Tokens: SXP, NXS, SLP, BTC, VELO 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: FUD, Coindesk, Auto-invest, AVAX South Africa Trending Tokens: AVAX Morocco Trending Keywords: Cryptonews b) Middle East Trending Tokens: BTC, ADA c) Latin America Argentina Trending Tokens: SOL, SXP, LUNA Brazil Trending Tokens: ARB, ETH, MASK, HNT, BTC, ICP Mexico Trending Tokens: AVAX

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