Your language is currently not supported and you've been automatically directed to the English article.

Bitget
Research
Daily Research Report
Bitget Research: PEPE Scandal Sparks Speculation Around Multiple "New PEPEs", HashKey Exchange Officially Opens to Retail Crypto Investors

Bitget Research: PEPE Scandal Sparks Speculation Around Multiple "New PEPEs", HashKey Exchange Officially Opens to Retail Crypto Investors

Bitget Research

2023/08/29

the past 24 hours, there have been many new popular tokens and topics emerging in the dcd110be-ec46-4389-a9df-17afa12aaec4, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

PEPE (Token) - "New PEPE" has been listed on Bitget, with the token symbol PEPECOMMUNITY. This token was created in the wake of a scandal involving the original PEPE, which was exposed by PAULY, leading to a significant drop in its price and subsequently causing a surge in trading sentiment on-chain. In the past 24 hours, the on- XCNUSDT"> chain trading volume neared US$30 million, with the transaction count surpassing 13,000.

PEPE2 (Token) - A memecoin with its TGE two months ago, created by a wallet address blacklisted by the founder of the old PEPE. It aims to be more decentralized than PEPE. It has already gone through two rounds of hype, and recently gained significant attention and increased in value again amid the recent PEPE scandal.

SHIA (Token) - The project founder, Carlos, is the founder and CEO of the renowned esports club, G2 Esports. G2 significantly impacts the industry, and Carlos himself also has a strong influence. The project will soon release a series of remade Sega classic games, such as Temple Run, Candy Crush, Fruit Ninja, and Pac-Man, all of which will feature SHIBA characters and include PE gameplay. The token's on-chain liquidity is US$5 million, with a 24-hour trading volume of over US$15 million.

2.Popular NFTs:

EigenWorlds (NFT) - EigenLayer's second NFT series, EigenWorlds, is available for minting until August 30. The number of holders surpassed 100,000. (Mint website: https://mint.eigenlayer.xyz/)

MUA Boarding Pass (NFT) - MUA has introduced a series of NFTs for Free Mint, starting from August 15th. The project collaborates with Hashkey Exchange and mainly functions as a DID for passage in the metaverse platform. These NFTs allow users to upgrade their passes and participate in various incentive activities. The community's engagement has been promising.

CLASHMON MYSTERY BOX (NFT) - This is an NFT on ClashMon: Ignition, a browser-based collectible battle role-playing game developed and incubated by ClashMon and running on the Base chain.

3.Popular DApps:

Friend.tech (DApp) - On August 28th, the daily protocol fee of friend.tech dropped by 87% from its peak, amounting to $215,000. Additionally, the founder of friend.tech issued an apology statement for the measures taken earlier that restricted users from switching to a counterfeit version of the app.

Starknet Bridge (DApp) - On August 28, Starknet announced on the X platform that the Starknet community would issue a commemorative NFT to celebrate the "Starknet Mainnet Quantum Leap". The commemorative NFT will be issued at 1 PM (UTC+8) on August 30 and will last for 24 hours.

NFPrompt (DApp) - NFPrompt is a Web3 AI art UGC platform with 51k followers on Twitter. It is currently holding a joint event with Hello! HashKey (@HelloHashKey). Amidst the wave of attention generated by HashKey officially opening up retai l trading, NFPrompt saw a notable surge in its DAU.

BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.

4.Twitter Hot Topics:

BTC (Token) - There were several positive news for BTC yesterday, but the price did not change significantly. The two main positive news: 1. BlackRock became one of the top five shareholders in four listed Bitcoin mining companies; 2. HashKey Exchange has opened BTC/USD and ETH/USD trading pairs to retail investors.

5.Regional Trending Searches:

Binance (Event) - Recently, there has been a lot of news about Binance in the regions where it operates. On August 27, Binance announced on its Russian Telegram channel that Binance P2P has banned Russian residents from using any fiat currency other than the Russian Ruble. According to The Wall Street Journal, Binance is reevaluating its business in Russia, including the possibility of a full withdrawal from this once-important market.

Main Body

Written by: Bitget Research

Data collection time: August 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.BTC Profile - BRC-20

Bitget Research: PEPE Scandal Sparks Speculation Around Multiple

WHEE (Token) - A BRC-20 memecoin. Twitter influencer @markjeffrey, with 53,500 followers, has repeatedly recommended and bought the token. It has a trading volume of US$21,000. It recently launched the first batch of EVM cross-chain bridges, Multibit Bridge, which supports ORDI, OXBT, and WHEE cross-chain operations, resulting in a significant increase in popularity.

2. Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 340,252

New active users of ETH: 67,012, with a daily decrease of 2.86%

Existing active users of ETH: 273,240, with a daily decrease of 6.70%

2.1.2 New User Profile

Core data: There were a total of 67,012 new active users on ETH yesterday, with a daily decrease of 2.86%

Popular Sectors

Popular Projects

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 273,240, with a daily decrease of 6.70%

Popular Sectors

Popular Projects

EigenWorlds (NFT) - EigenLayer's second NFT series, EigenWorlds, is available for minting until August 30. The number of holders surpassed 100,000. (Mint website: https://mint.eigenlayer.xyz/)

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PEPE (Token) - "New PEPE" has been listed on Bitget, with the token symbol PEPECOMMUNITY. This token was created in the wake of a scandal involving the original PEPE, which was exposed by PAULY, leading to a significant drop in its price and subsequently causing a surge in trading sentiment on-chain. In the past 24 hours, the on-chain trading volume neared US$30 million, with the transaction count surpassing 13,000. https://www.dextools.io/app/en/ether/pair-explorer/0x8616b44b734817a2c954016a57cf2c4d72d6f838

2.2.2 Uniswap V3

"New PEPE" was described earlier in the report.

3.Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 964,992

New active users on BSC: 163,800, with a daily increase of 35.37%

Existing active users on BSC: 801,192, with a daily increase of 6.16%

3.1.2 New User Profile

Core data: There were a total of 163,800 new active users on BSC yesterday, with a daily increase of 35.37%

Popular Sectors

Popular Projects

Pandra (NFT) - NFTs issued by Polyhedra Network, engaging in Pandra series NFTs cross-chain interactions might lead to future project benefits. Currently, you can interact with zkBridge and LayerZero simultaneously, and the NFT's interaction data has been boosted by speculative token drop enthusiasts.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 801,192, with a daily increase of 6.16%

Popular Sectors

Popular Projects

PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. It has recently launched a promotion called "Walk2Win" in partnership with Nike. Users can earn exclusive rewards just by walking. It is essential to keep an eye on this DApp.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$19.8 million and a 24-hour trading volume of US$4.9 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are over 580,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended. https://dexscreener.com/bsc/0xadad973f8920bc511d94aade2762284f621f1467

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 374,298

New active users on Polygon: 90,706, with a daily increase of 37.56%

Existing active users on Polygon: 283,592, with a daily increase of 11.81%

4.1.2 New User Profile

Core data: There were a total of 90,706 new active users on Polygon yesterday, with a daily increase of 37.56%

Popular Sectors

Popular Projects

MakerDAO (DApp) - Yesterday, a giant whale address that has been dormant for 8 years converted 2720 WETH into 4.49 million DAI over the past two days and deposited it into MakerDAO to obtain a 5% annual interest rate.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 283,592, with a daily increase of 11.81%

Popular Sectors

Popular Projects

Lens Protocol (DApp) - The Web3 social protocol, Lens Protocol, tweeted that some Lens accounts have received test invitations. (Previously, Lens Protocol started testing a new invitation system for selected users.)

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USD depegging.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 142,837

Arbitrum New Active Users: 22,547, with a daily decrease of 10.70%

Arbitrum Existing Active Users: 120,290, with a daily increase of 7.03%

5.1.2 New User Profile

Core data: There were a total of 22,547 new active users on Arbitrum yesterday, with a daily decrease of 10.70%

Popular Sectors

Popular Projects

Odos (DApp) - A DEX aggregator that supports one-click token swapping. In July, it expanded rapidly on Arbitrum, and subsequently partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. It also attended the ETHCC event in Paris for brand marketing and co-hosted a sharing session with MEV Capital. The project continues to develop and there is currently no plan for token issuance, but there are rumors of airdrops, making it an essential project to keep an eye on.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 120,290, with a daily increase of 7.03%

Popular Sectors

Popular Projects

LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data. The number of unique users on the platform is approaching 3 million.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

No particularly popular tokens have emerged on Arbitrum recently.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Base Active Users: 89,155

Base New Active Users: 16,533, with a daily decrease of 19.23%

Base Existing Active Users: 72,622, with a daily increase of 5.66%

6.1.2 New User Profile

Core data: There were a total of 16,533 new active users on Base yesterday, with a daily decrease of 19.23%

Popular Sectors

Popular Projects

CLASHMON MYSTERY BOX (NFT) - This is an NFT on ClashMon: Ignition, a browser-based collectible battle role-playing game developed and incubated by ClashMon and running on the Base chain. https://opensea.io/collection/clashmon-mystery-box

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 72,622, with a daily increase of 5.66%

Popular Sectors

Popular Projects

7. DApp Ecosystem - All Chains

Serious Dice (DApp) - A gambling-type mini-game platform with a very simple design. There is currently no associated information available on Twitter and other platforms, and no visitor data according to Similarweb. It is essential to observe its performance.

8.DApp Ecosystem - ETH Chain

SimpleFX (DApp) - A hybrid trading platform for stocks, cryptocurrencies, currencies, metals, commodities, and indices. It has only 2975 followers on Twitter, with the view and engagement volumes of its tweets being relatively low.

9.DApp Ecosystem - BSC Chain

10.DApp Ecosystem - Polygon Chain

ParaSwap (DApp) - ParaSwap is a multi-chain decentralized exchange. In mid-August, it completed the DApp integration with Pacoca DeFi and Dolomite, and participated in the ETH Milan offline conference.

11.DApp Ecosystem - WAX Chain

WAX ecosystem has average popularity, with a noticeable effect from leading projects.

12.DApp Ecosystem - Solana Chain

The DApp activity on the Solana chain is mainly concentrated in a few NFT marketplaces, and no popular projects have emerged.

13.DApp Ecosystem - Arbitrum Chain

Gas Move Bank (DApp) - Gas Move Bank is a multi-chain decentralized bank, guaranteeing a daily return of 1-4%. It supports multiple cryptocurrencies through smart contracts. It has only 1064 followers on Twitter, and DappRadar has also marked it as a high-risk project.

14.DApp Ecosystem - Base Chain

Iskra (DApp) - A blockchain gaming platform originally built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Iskra was recently deployed on the Base chain, attracting users' attention. The project's operational direction is quite ideal, and there may be good customer acquisition opportunities in the future. It is essential to stay updated on this project.

15.DApp Ecosystem - GameFi Sector Across All Chains

Iskra was described earlier in the report.

16.Gas Fee Consumption - ETH Chain

17.Gas Fee Consumption - BSC Chain

OETDaoFinance (DApp) - A platform where users engage in various operations such as staking, withdrawing, and buying points. The potential operational logic behind this could be to incentivize capital deposition through staking and reward users with the platform's native token accordingly. With no verified information on Google or Twitter, and a lack of transparency, it is currently not advisable to participate in this project.

18.Gas Fee Consumption - Polygon Chain

CoinTool (DApp) - A blockchain tool for batch minting XEN. Given the currently low gas fees on Polygon, there remains a minor profit margin from operations. CoinTool consistently ranks at the top of the Polygon network's consumption leaderboard. The relatively low cost of minting XEN has spurred enthusiasm for batch minting XEN on the chain.

19.Gas Fee Consumption - Arbitrum Chain

Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards. This project deserves attention as there are plans for a token launch in the future.

20.Gas Fee Consumption - Base Chain

Friendtech (DApp) - In the past 24 hours, the friend.tech protocol generated only US$215,000 in protocol fees, an 87% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.