Bitget Research: Trading Activity of Major Blue-Chip Futures Tokens ARBK and SUIBG Continues to Rise, Market Awaits Fed Interest Rate Data Release on 23rd March
In the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.
In Summary:
1.Popular Tokens:
SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG ( SUIUSDT">
SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. 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. As of now, SUIBG has 13,470 holders, with 345,000 on-chain transfers.
ARBK (Token) -
Arbitru
m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday's official launch of ARB strengthened the expectations for ARBK, resulting in increased traffic.
ENS (Token) - Spaceid will be launched at 12:00 pm (UTC) today, bringing some DID projects such as ENS, LIT, etc., back into the public attention. There has been some degree of price feedback, but the DID sector has not yet formed a strong momentum, resulting in low overall profitability. However, on March 22, ENS announced that it will hold the ENS Town Hall on March 30, which includes multiple updates. ENS's product is in a continuous iteration process and is expected to occupy a leading position in the DID sector in the future. It is essential to stay updated on this token.
Blur (Token) - On March 21, Blur's platform traded a total of 17,600 ETH, with OpenSea trading 5,563 ETH. Trading volume has remained stable recently, but BLUR's performance relative to BTC has been poor. Currently priced at 0.56 USDT, a short-term price rebound for BLUR can boost NFT trading. The second round of Blur's airdrop trading is currently underway, and the platform score for bidding and listing is doubled before April 1st. Users who interact more frequently during the last 10 days of the score-doubling period are expected to receive more airdrop rewards.
HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $2.89 million, on-chain liquidity of $120,000, a market cap of $1.09 million, and contract analysis indicates no significant risks. It is essential to stay updated on this token.
BARD (Token) - Positioned as the token for Google's AI chatbot Bard, the token has been mainly riding on the trend recently. However, it rose by 426% in a single day on March 21. The on-chain liquidity is $109,000, with a 24-hour trading volume of $873,000. Contract analysis indicates no significant risks. It is essential to stay updated on this token.
BEAST (Token) - BEAST is a new
memecoin project that announced the upcoming release of its whitepaper on March 22 and has been advertising on Facebook, Avedex, and dexscreener. However, there has been no update on the progress of the project. The 24-hour trading volume is $160,000, with only $15,000 in liquidity. Contract analysis indicates no significant risks. It is essential to stay updated on this token.
GATSBY (Token) - The project is a memecoin based on Elon Musk's dog named Gatsby, which he introduced on Twitter on April 29th, 2019. The token has an on-chain liquidity of only $13,600 and a trading volume of $490,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token.
GROOM (Token) - The project is positioned as a meme that takes care of the Shibarium community. The token has just been launched and has an on-chain liquidity of only $7900, with a trading volume of $120,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token.
HEX (Token) - Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a certificate of deposit on the blockchain. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $8.15 million in the last 24 hours. It has appeared multiple times in the trending
cryptocurrency rankings of various countries, and the token has increased by about 6x from the bottom in December 2022, which led to a high level of attention from the community.
SQUA (Token) - SQUA is a payment-oriented token specifically developed for payment systems within GoFintech Group's ecosystem and its partners. It is automatically destroyed during payment transactions. In the past 24 hours, its trading volume reached $15.26 million, with on-chain liquidity of $7.36 million, indicating high trading activity. Contract analysis indicates no risks. It is important to keep a close watch on this token.
ATH (Token) - The token has just been launched, with a pool of $72,000 on-chain. The 24-hour trading volume is $780,000, and the token plummeted by 72% today. Contract analysis indicates no major risks. It is essential to stay updated on this token.
Onyx Dao (Token) - This is an experimental Arbitrum Defi protocol with current on-chain liquidity of $860,000, 24-hour trading volume of $4.77 million, and a total market cap of $1.8 million. After the token's launch, the secondary marke t price saw a nearly 5x increase, making the asset extremely hot in the market. ONYX can be staked in a pool to earn blue-chip tokens.
2.Popular NFTs:
Credit DAO Proof V2 (NFT) - This NFT is the latest credential released by Credit DAO. It is already available on OpenSea, but has not generated any trading volume. Currently, there are 118,226 holders. While it is mainly used for collecting purposes at the moment, it is expected to provide benefits to its holders in the future. It is essential to stay updated on this NFT.
Pix NFT Assets (NFT) - These are NFT assets related to Planet IX, one of the most popular games on Polygon. The game is consistently ranked at the top of the Polygon ecosystem rankings and has a very high level of popularity.
3.Popular DApps:
BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It will continue to release futures tokens for more blue-chip coins to meet users' trading needs and provide more rewards.
Zksync, Starknet (DApp) - Due to the effect of Arbitrum's airdrop, the interaction of other key projects that have not yet launched their tokens has increased rapidly. In the future, it is important to keep a close watch on projects with high interaction such as Zksync, Starknet, Scroll, Layerzero, and Lens.
Stake.com
(DApp)- Stake is a world-leading betting platform that has partnered with Alfa Romeo F1. The website is only open to users aged 18 and above from countries other than the US, Australia, and the UK. Users can place bets using cryptocurrency. The official Twitter account has 217,000 followers, with an average of over 20,000 views per tweet. Similarweb shows monthly traffic of 1.53 million, with the main traffic sources being Canada, Brazil, Argentina, the US, and Germany. The user base is large and widely distributed.
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), and the project is actively organizing promotions.
Element Market (DApp) - The Genesis Pass of the Element NFT trading platform has officially launched, with a 24-hour trading volume of 240 ETH, a total of 2,500 NFTs, and 1,322 holders. As the platform's user and community growth continue, Genesis Pass holders will benefit from it.
Unltiverse (DApp) - This is a 3A-grade metaverse project invested in by Binance and Sequoia Capital. The first 2,500 users to collect all 8 CyberPink and WhiteDay badges will be eligible for a limited-edition skin. The activity ended in the early morning.
Tiny World (DApp) - Tiny World is a P2E game on BSC that combines NFTs and DeFi. Players can collect hero NFTs to participate in PVP battles and earn rewards. The PVP Arena public beta version was launched in mid-March and is currently in the 53rd season of the leaderboard competition.
MiningNetwork (DApp) - This is a mining game on WAX with a Windows 98 interface that is Free to Play and Play to Earn. The unique feature is the economic model in which game resources decrease as the number of participating users increases, reducing the output of ecological tokens, which increases the value of assets.
Worldcoin (DApp) - Worldcoin, a cryptocurrency company founded by OpenAI CEO Sam Altman, 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 token is planned to launch in the first half of this year, and according to its website, the project has nearly 1.2 million registered users so far.
4.Twitter Hot Topics:
EVMOS (Token) - EVMOS is an EVM network in the Cosmos ecosystem that aims to enable seamless interaction between chains through IBC with Ethereum mainnet, EVM-compatible environments, and other BFT chains. Recently, a YouTube channel dedicated to developers was created.
DBX (Token) - DBX is a blockchain network with 30,000 Twitter followers, with a daily trading volume of $1,616,162. The price has fallen 99.8% from its peak, and the majority of trading volume is concentrated on the small exchange Probit. There are no on-chain liquidity pools, so it is essential to observe this token.
JOE (Token) - JOE is the all-chain token of Trade Joe, which benefits from the popularity of the Arbitrum ecosystem. Despite competition from Uniswap V3's deployment to Avalanche, JOE's price has remained strong, doubling in value over the past seven days.
5.Regional Trending Searches:
XRP (Token) - XRP has increased by over 20% in the last 24 hours. Despite external pressure from US regulatory agencies regarding the potential classification of XRP as a security, the XRPL aims to provide digital payment infrastructure for individuals and existing financial entities. Since February, the adoption of XRPL has significantly increased, and as more institutions and individuals use XRPL for cross-currency transactions and other use cases, this broader adoption could push up demand for XRP tokens.
Main Body
Written by: Bitget Research
Data collection time: March 22, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1. Blockchain Profile - ETH Chain
1.1 User Profile
1.1.1 Core Data
Total active users of ETH: 456,806
New active users of ETH: 85,218, with a daily decrease of 0.89%
Existing active users of ETH: 371,588, with a daily decrease of 3.78%
1.1.2 New User Profile
Core data: There were a total of 85,218 new active users on ETH yesterday, with a daily decrease of 0.89%
Popular Sectors
Popular Projects
Key Projects:
Zksync, Starknet (DApp) - Due to the effect of Arbitrum's airdrop, the interaction of other key projects that have not yet launched their tokens has increased rapidly. In the future, it is important to keep a close watch on projects with high interaction such as Zksync, Starknet, Scroll, Layerzero, and Lens.
ENS (Token) - Spaceid will be launched at 12:00 pm (UTC) today, bringing some DID projects such as ENS, LIT, etc., back into the public attention. There has been some degree of price feedback, but the DID sector has not yet formed a strong momentum, resulting in low overall profitability. However, on March 22, ENS announced that it will hold the ENS Town Hall on March 30, which includes multiple updates. ENS's product is in a continuous iteration process and is expected to occupy a leading position in the DID sector in the future. It is essential to stay updated on this token.
1.1.3 Existing User Profile
Core data: The number of ETH active existing users is 371,588, with a daily decrease of 3.78%
Popular Sectors
Popular Projects
Key Projects:
Stake.com
(DApp)- Stake is a world-leading betting platform that has partnered with Alfa Romeo F1. The website is only open to users aged 18 and above from countries other than the US, Australia, and the UK. Users can place bets using cryptocurrency. The official Twitter account has 217,000 followers, with an average of over 20,000 views per tweet. Similarweb shows monthly traffic of 1.53 million, with the main traffic sources being Canada, Brazil, Argentina, the US, and Germany. The user base is large and widely distributed.
Blur (Token) - On March 21, Blur's platform traded a total of 17,600 ETH, with OpenSea trading 5,563 ETH. Trading volume has remained stable recently, but BLUR's performance relative to BTC has been poor. Currently priced at 0.56 USDT, a short-term price rebound for BLUR can boost NFT trading. The second round of Blur's airdrop trading is currently underway, and the platform score for bidding and listing is doubled before April 1st. Users who interact more frequently during the last 10 days of the score-doubling period are expected to receive more airdrop rewards.
1.2 Popular Trading Pairs
1.2.1 Uniswap V2
HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $2.89 million, on-chain liquidity of $120,000, a market cap of $1.09 million, and contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x6178081202165c521c80b95d2c7ef54893c7232c
BARD (Token) - Positioned as the token for Google's AI chatbot Bard, the token has been mainly riding on the trend recently. However, it rose by 426% in a single day on March 21. The on-chain liquidity is $109,000, with a 24-hour trading volume of $873,000. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x1c8a9844091d5136b50f5b04b30de9e564ce397b
BEAST (Token) - BEAST is a new memecoin project that announced the upcoming release of its whitepaper on March 22 and has been advertising on Facebook, Avedex, and dexscreener. However, there has been no update on the progress of the project. The 24-hour trading volume is $160,000, with only $15,000 in liquidity. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x3448d508f0e93f85300c4b8aacb99ff7d9d4dc24
GATSBY (Token) - The project is a memecoin based on Elon Musk's dog named Gatsby, which he introduced on Twitter on April 29th, 2019. The token has an on-chain liquidity of only $13,600 and a trading volume of $490,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xc37ecc839ba67a46847dc367252b057f8feae680
GROOM (Token) - The project is positioned as a meme that takes care of the Shibarium community. The token has just been launched and has an on-chain liquidity of only $7900, with a trading volume of $120,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x2fc51f1201349266cee7e99c5c238bd90ce526e0
1.2.2 Uniswap V3
HEX (Token) - Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a certificate of deposit on the blockchain. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $8.15 million in the last 24 hours. It has appeared multiple times in the trending cryptocurrency rankings of various countries, and the token has increased by about 6x from the bottom in December 2022, which led to a high level of attention from the community. https://www.dextools.io/app/en/ether/pair-explorer/0x69d91b94f0aaf8e8a2586909fa77a5c2c89818d5
MATIC (Token) - On March 27, Polygon will officially launch the beta version of zkEVM, which has generated high expectations among users. https://www.bitget.com/en/spot/MATICUSDT_SPBL?type=spot
GALA (Token) - The 2023 GDC will be held in San Francisco, USA from March 20th to 24th. This event usually determines the future direction of the gaming industry, and as a result, many gaming-related projects experienced some movement in response to this news. https://www.bitget.com/en/spot/ GALAUSDT_SPBL?type=spot
2.Blockchain Profile - BSC Chain
2.1 User Profile
2.1.1 Core Data
Total active users on BSC: 1,263,076
New active users on BSC: 169,268, with a daily increase of 25.82%
Existing active users on BSC: 1,093,808, with a daily increase of 4.06%
2.1.2 New User Profile
Core data: There were a total of 169,268 new active users on BSC yesterday, with a daily increase of 25.82%
Popular Sectors
Popular Projects
Key Projects:
SpaceID (Token) - SpaceID is the 30th Launchpad project of Binance, and its token will begin trading around 12:00 pm (UTC) on March 22nd. The project has received a lot of attention from users, and Bitget will be one of the first to list the token.
SQUA (Token) - SQUA is a payment-oriented token specifically developed for payment systems within GoFintech Group's ecosystem and its partners. It is automatically destroyed during payment transactions. In the past 24 hours, its trading volume reached $15.26 million, with on-chain liquidity of $7.36 million, indicating high trading activity. Contract analysis indicates no risks. It is important to keep a close watch on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e
Yesworld (Token) - This is a memecoin related to green energy and carbon reduction. It has $485,000 on-chain liquidity and $244,000 trading volume in the past 24 hours. The token's trend is highly controlled, and there is a risk of potential additional issuance based on contract evaluation. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x1391614b95634ec0e5e604a2520a32eff3a3d4d4
2.1.3 Existing User Profile
Core data: The number of BSC active existing users is 1,093,808, with a daily increase of 4.06%
Popular Sectors
Popular Projects
Business Opportunity
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. Many well-known project parties such as BNB Chain, SpaceID, and the recently popular ImageAI, will participate and hold events on Link3. According to SimilarWeb, the monthly visit is 762,000, and the main traffic sources are Japan, Poland, Turkey, the United States, and Russia.
Koge (Token) - BNB48 Club is a DAO created by a group of investors who share a common passion for BNB. KOGE represents the open governance voting rights of 48 Club. Users who hold the token can enjoy the benefits provided by the club. The token has a 24-hour trading volume of $32,000 and a relatively frequent interaction, but low trading volume. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x26de6c26dd5560c181011907d8f70c202c2a29d6
2.2 Popular Trading Pairs
2.2.1 PancakeSwap V2
CBC (Token) - The token has just been listed and has a liquidity pool of $484,000. Its 24-hour trading volume is $440,000, with a market cap of $4.97 million. Contract analysis shows a 20% buy tax, which indicates a higher risk factor. https://www.dextools.io/app/en/bnb/pair-explorer/0x648a833ef370bdf299fbea7c0b42e312fcdf6d77
INTER (Token) - The token has just been listed and has a liquidity pool of $104,000. In the last 24 hours, the trading volume reached $2.22 million. However, the token has already broken its previous support level, and contract analysis shows that the owner can modify the balance, making it a high-risk asset. https://www.dextools.io/app/en/bnb/pair-explorer/0x142e708fcab726988d4ee5c3ce872da14934dbc5
ATH (Token) - The token has just been launched, with a pool of $72,000 on-chain. The 24-hour trading volume is $780,000, and the token plummeted by 72% today. Contract analysis indicates no major risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x64e19414b0264b1141562deec4fc87310e4216ed
TTAI (Token) - The project is positioned as an AI trading platform. The token has just been listed on CMC and Coingecko. The on-chain liquidity pool has reached $80,000, with a trading volume of $635,000 in the past 24 hours. The token has risen by 20% today. Contract analysis indicates no risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xd800badd250f38028b89665805c0643016bf98ad
3.Blockchain Profile - Polygon Chain
3.1 User Profile
3.1.1 Core Data
Total active users on Polygon: 414,441
New active users on Polygon: 86,614, with a daily decrease of 38.95%
Existing active users on Polygon: 327,827, with a daily decrease of 3.30%
3.1.2 New User Profile
Core data: There were a total of 86,614 new active users on Polygon yesterday, with a daily decrease of 38.95%
Popular Sectors
Popular Projects
Key Projects:
SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. 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. As of now, SUIBG has 13,470 holders, with 345,000 on-chain transfers.
Credit DAO Proof V2 (NFT) - This NFT is the latest credential released by Credit DAO. It is already available on OpenSea, but has not generated any trading volume. Currently, there are 118,226 holders. While it is mainly used for collecting purposes at the moment, it is expected to provide benefits to its holders in the future. It is essential to stay updated on this NFT. https://opensea.io/collection/credit-dao-proof-v2
3.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 327,827, with a daily decrease of 3.30%
Popular Sectors
Popular Projects
Key Projects:
Galxe (DApp) - Galxe is an on-chain task platform and a top-tier application of DID. With the issuance of Space ID, the focus of the cryptocurrency community has shifted to the DID track. Additionally, the recent Arbitrum token releases have led users to have high expectations for airdrops from various projects (many projects will use "participation in Galxe's activities and holding OAT tokens" as one of the criteria for airdrops). As a result, Galxe's daily activity has continued to rise. On March 22nd, the project announced its launch on Avalanche, and future multi-chain deployment will continue to increase Galxe's project reserves, making it a key bridge connecting users and projects.
Pix NFT Assets (NFT) - These are NFT assets related to Planet IX, one of the most popular games on Polygon. The game is consistently ranked at the top of the Polygon ecosystem rankings and has a very high level of popularity. https://opensea.io/collection/planet-ix
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 a liquidity of $43,000 on-chain 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
Runy (Token) - This metaverse game is built on Polygon, with on-chain liquidity of $90,000 and a 24-hour trading volume of $110,000. It has 2,412 Twitter followers and is not yet very popular. The project already has a product, and recent price movements have been closely controlled. Contract analysis indicates the potential of additional issuance. It is essential to stay updated on this token. https://www.dextools.io/app/en/polygon/pair-explorer/0xfc704de88db4858419d5d0af080486a95343ba15
4.Blockchain Profile - Arbitrum Chain
4.1 User Profile
4.1.1 Core Data
Arbitrum Active Users: 268,512
Arbitrum New Active Users: 121,644, with a daily increase of 133.16%
Arbitrum Existing Active Users: 146,868, with a daily increase of 6.48%
4.1.2 New User Profile
Core data: There were a total of 121,644 new active users on Arbitrum yesterday, with a daily increase of 133.16%
Popular Sectors
Popular Projects
Key Projects:
VELA (Token) - Vela Exchange is a rebranded product of Dexpools ($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 $49 million.
Sushi (DApp) - On March 21st, Sushi DAO and its CEO, Jared Grey, received subpoenas from the US SEC. Jared proposed to establish a $3 million legal defense fund. Sushi's current development is not optimistic, as traditional DEXs such as Uniswap and Curve firmly hold market share, and emerging Ve+3,3 mode DEXs are gradually growing in size. It is essential to stay updated on Sushi's future development.
4.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 146,868, with a daily increase of 6.48%
Popular Sectors
Popular Projects
Key Projects:
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.
LayerZero (DApp) - LayerZero is a cross-chain interoperability protocol that allows applications deployed on different chains to communicate with each other without the need for any intermediary chain or consensus mechanism. As an important foundation for information transmission, LayerZero has opened up a new dimension of cross-chain composability and functionality. Recently, with the launch of its token on Arbitrum, a large number of users have started using LayerZero for cross-chain operations, which has increased the project's activity.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
MAGIC (Token) - Magic has announced the launch of its new game, Zeeverse, in conjunction with the Game Developer Conference. The token has seen an 80% rebound from its bottom, with a trading volume of nearly $300 million in the past 24 hours. Since January, gaming projects have primarily focused on GALA and MAGIC, which are at the core of hype in this space. As the products become more mature, there is still room for growth and development in the gaming industry. https://www.bitget.com/en/spot/MAGICUSDT_SPBL?type=spot
GDX (Token, DApp) - Gridex, an order book spot exchange in the Arbitrum ecosystem that has attracted more users through airdrops, has experienced a continuous increase in token price. Recently, they announced the start of Airdrop 3, and makers who trade ARB will receive GDX airdrop rewards. GDX is now available on Bitget, so feel free to head over and trade.
RAM (Token) - Ramses Exchange is a ve(3,3) DEX in the Arbitrum ecosystem, with a rapidly increasing TVL reaching $68 million.
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), and the project is actively organizing promotions.
BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It will continue to release futures tokens for more blue-chip coins to meet users' trading needs and provide more rewards.
6.DApp Ecosystem - ETH Chain
Metamask swap (DApp) - Metamask has maintained a daily trading volume of around $15 million in the past week without any particular trend. However, on March 11th, it set a historical high of $174 million in trading volume, likely due to the impact of USDC FUD, and earned $1.5 million in fees.
Element Market (DApp) - The Genesis Pass of the Element NFT trading platform has officially launched, with a 24-hour trading volume of 240 ETH, a total of 2,500 NFTs, and 1,322 holders. As the platform's user and community growth continue, Genesis Pass holders will benefit from it. https://element.market/collections/element-pass-genesis
Galxe (DApp) - Galxe announced a partnership with Ava Labs, the developer of Avalanche, to launch proprietary on-chain achievement tokens (OAT) on AVAX, enabling Avalanche DApps to connect Web3 users through reward-based loyalty without the need for gas for minting.
7.DApp Ecosystem - BSC Chain
Unltiverse (DApp) - This is a 3A-grade metaverse project invested in by Binance and Sequoia Capital. The first 2,500 users to collect all 8 CyberPink and WhiteDay badges will be eligible for a limited-edition skin. The activity ended in the early morning.
Tiny World (DApp) - Tiny World is a P2E game on BSC that combines NFTs and DeFi. Players can collect hero NFTs to participate in PVP battles and earn rewards. The PVP Arena public beta version was launched in mid-March and is currently in the 53rd season of the leaderboard competition.
8.DApp Ecosystem - Polygon Chain
Bomb Crypto 2.0 (Dapp) - A Play-To-Earn Game in which players manage a group of robotic bomb heroes who search for bombs and fight monsters in the game, with rankings based on battles. Currently ranked 8th in daily active users among Polygon's gaming DApps, it has a good level of activity.
9.DApp Ecosystem - WAX Chain
Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the WAX chain, other details of which have been mentioned earlier in the report. On March 22, it announced its participation in the 2023 Game Developers Conference (GDC 2023), and the project is actively organizing promotions.
MiningNetwork (DApp) - This is a mining game on WAX with a Windows 98 interface that is Free to Play and Play to Earn. The unique feature is the economic model in which game resources decrease as the number of participating users increases, reducing the output of ecological tokens, which increases the value of assets.
10.DApp Ecosystem - Solana Chain
The UAW project on Solana continues to be led by Magic Eden, with the top five projects remaining largely unchanged. Projects beyond the top five are struggling with a very small user base.
11.DApp Ecosystem - Arbitrum Chain
BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It has been a long-time leader in the Arbitrum ecosystem. The user activity is very high, and it provides various types of support for the latest DApps to help users seize opportunities in a timely manner.
Uniswap (DApp) - After Arbitrum announced the airdrop, the trading volume of Arbi continued to increase and has reached one-third of that on the ETH mainnet, ranking second among all chains. The trading activity of various DEX products on the chain has increased significantly, and Uniswap also saw nearly a 20% increase in UAW today.
Onyx Dao (Token) - This is an experimental Arbitrum Defi protocol with current on-chain liquidity of $860,000, 24-hour trading volume of $4.77 million, and a total market cap of $1.8 million. After the token's launch, the secondary market price saw a nearly 5x increase, making the asset extremely hot in the market. ONYX can be staked in a pool to earn blue-chip tokens. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xb8fcc49ecc9206dabb48b28ecbcfd31d5c6346d1
12.DApp Ecosystem - GameFi Sector Across All Chains
Alien Worlds, Ultiverse, and Tiny World have seen significant growth in their UAW, as previously mentioned.
13.Gas Fee Consumption - ETH Chain
zkSync (DApp) - The ARB airdrop has sparked increased user interaction with other well-known Layer 2 projects, including zkSync. A clear example is the DEX ZigZag, which is based on zkSync Lite and tweeted yesterday that it processed nearly 100,000 transactions in 24 hours.
14.Gas Fee Consumption - BSC Chain
Space ID (DApp, Token) - Space ID will launch its token, $ID, on Binance Launchpad. Space ID has released the airdrop details, with over 290,000 holders eligible to claim, and applications will be open starting March 22nd.
15.Gas Fee Consumption - Polygon Chain
Worldcoin (DApp) - Worldcoin, a cryptocurrency company founded by OpenAI CEO Sam Altman, 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 token is planned to launch in the first half of this year, and according to its website, the project has nearly 1.2 million registered users so far.
16.Gas Fee Consumption - Arbitrum Chain
D5 Exchange (DApp) - GDX (Gridex) is a DEX aggregator behind the Arbitrum ecosystem's order book spot exchange. It has attracted more attention from users through airdrops, resulting in a sustained increase in token price. Recently, it announced the start of Airdrop 3, where traders who place maker orders in the ARB will receive GDX airdrop rewards. GDX is now listed on the
Bitget exchange and users are welcome to trade on the platform.
ARBK (Token) - Arbitru m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday's official launch of ARB strengthened the expectations for ARBK, resulting in increased traffic.
17.Twitter Trends Token Top 20
From the perspective of token popularity on Twitter trends:
Tokens with significant increases in popularity: EGLD, EVMOS, BNB, FIL
Newly listed tokens: MAGIC, GMX (The Tier 1 projects in the Arbitrum ecosystem are being repeatedly mentioned and hyped due to the popularity of the ecosystem.)
EVMOS (Token) - EVMOS is an EVM network in the Cosmos ecosystem that aims to enable seamless interaction between chains through IBC with Ethereum mainnet, EVM-compatible environments, and other BFT chains. Recently, a YouTube channel dedicated to developers was created.
18.Token Mentioned Frequency by KOLs on Twitter
Super KOLs mentioned the following hot tokens: BTC, ARB, USDC, gDAI
Builders mentioned the following tokens: DBX, DQUICK, USDC
DBX (Token) - DBX is a blockchain network with 30,000 Twitter followers, with a daily trading volume of $1,616,162. The price has fallen 99.8% from its peak, and the majority of trading volume is concentrated on the small exchange Probit. There are no on-chain liquidity pools, so it is essential to observe this token.
19.Token Mentioned Frequency by VCs on Twitter
Based on the frequency of mentions by VC firms on Twitter: USDC, BTC, SIDUS, NOM, THOR, ALGO, ARB, APE；
20.Google Trends - Global
XRP (Token) - XRP has increased by over 20% in the last 24 hours. Despite external pressure from US regulatory agencies regarding the potential classification of XRP as a security, the XRPL aims to provide digital payment infrastructure for individuals and existing financial entities. Since February, the adoption of XRPL has significantly increased, and as more institutions and individuals use XRPL for cross-currency transactions and other use cases, this broader adoption could push up demand for XRP tokens.
JOE (Token) - JOE is the all-chain token of Trade Joe, which benefits from the popularity of the Arbitrum ecosystem. Despite competition from Uniswap V3's deployment to Avalanche, JOE's price has remained strong, doubling in value over the past seven days.
21.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India
Trending Tokens: XRP, WAVE
Pakistan
Trending Tokens: XRP
b) Southeast Asia Region
Philippines
Trending Tokens: XRP, ADA, BLUR
Indonesia
Trending Tokens: WAVES
Vietnam
Trending Tokens: BTC, GPT
c) East Asia and Hong Kong, Macau, and Taiwan
No important trending keywords.
22.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region
Trending Keywords: "crypto casino" gains attention in Ukraine region.
b) English-speaking Countries
USA
Trending Tokens: SOLO, XRP
Canada
Trending Tokens: ADA, FLOKI
Australia
Trending Tokens: OP, STX, JOE, GMX, XRP
UK
Trending Tokens: WTK, XRP, GALA
c) Europe
Spain
Trending Tokens: T23, XRP,JOE,HEX,EGLD
Italy
Trending Tokens: FLOKI, XRP
France
Trending Tokens: HOOK, DAI, QTUM, MAGIC
Germany
Trending Tokens: XRP
Poland
Trending Tokens: XRP, HEX, SHIB,TRX
23.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria
Trending Keywords: paxful, Kraken
South Africa
Trending Keywords: truth gpt crypto, VALR
b) Middle East
No important trending keywords.
c) Latin America
Brazil
Trending Tokens: XRP, ADA, SDAO, JOE, Elrond
Mexico
Trending Tokens: SHIB, GRT
Argentina
Trending Tokens: SSHIB, CAKE
