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Bitget Research: Crypto Market Rebounds Slightly, U.S. CFTC Reaches Settlement Agreement on Previous Accusations Against Opyn and Other DeFi Projects
Bitget Research
2023/09/08
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:
FRAM (Token) - Recently, the FRAM token consistently ranks first in on- XCNUSDT">
chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.
BLUI (Token) - The current market cap of the token is US$1.6 million, with a trading volume of US$7.17 million. Since its launch at 4 PM yesterday, the number of traders has been continuously increasing, currently standing at 1190 holders. The contract is clean with no obvious risks, and the owner holds 1.22% of the supply. The token has experienced a significant decline, dropping 35.53% in the past 24 hours. It is advised to monitor cautiously.
DORKL (Token) - On September 6th, Pepe creator @Matt_Furie changed his profile picture to a black-hooded PEPE, named DORK LORD, with the PEPE Father concept. The related tweet garnered a staggering 270,000 views, with numerous influencers retweeting it. The $DORKL token was created 20 minutes after this tweet was posted. It has an on-chain liquidity of US$486,000 and a 24-hour trading volume of US$15.48 million. The contract has issues such as modifiable transaction taxes, transaction cooldown, and potential blacklist and whitelist mechanisms. The contract has been renounced. The token is available for trading on Bitget.
SUC (Token) - The token's liquidity stands at US$197,000, with 20,000 holders. The 24-hour trading volume is US$1 million, and the token surged by 197.28% in the past 24 hours. The contract owner has renounced the contract. It is advised to keep an eye on this token. https://www.dextools.io/app/cn/bnb/pair-explorer/0x69fac9a4f7a1591d3ffa6f27cc1b76d6be6bab8e
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 USDT/USDC depegging.
HMX (Token) - HMX is the next-generation decentralized perpetual exchange, offering cross-margin and multi-asset collateral support on Arbitrum. HMX is the native token of the project, with a 24-hour trading volume of US$882,000, involving 372 transactions, and an on-chain liquidity pool of US$2.54 million. The project has fundamental support and is worth continuous attention.
BUSD (Token) - Due to Paxos ceasing the issuance of new BUSD tokens, Binance will gradually cease support for BUSD. Binance reminds users that they can convert their BUSD assets into other assets supported by the Binance platform before February 2024. The gradual cessation of BUSD will have significant implications for the liquidity of the BSC ecosystem, which may be challenging to recover in the short term.
Graph Token (Token) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
2.Popular NFTs:
SUKU (NFT) - The first NFT collection entirely created on Twitter simply by posting a tweet and tagging @Sukuthis. InfiniteWorld, part of the SUKU ecosystem, specializes in providing foundational infrastructure of the NFT market to brands and celebrities. Recently, it has also become the official metaverse partner for McLaren Automotive. Furthermore, SUKU has established an NFT evaluation system called NFT Grade, which generates assessment reports for NFTs. With this, SUKU has achieved a comprehensive layout from E2E (Engage-to-Earn) solutions to the NFT market.
Lfi CloudX NFT (NFT) - An NFT hosted on Polygon, with 210,000 holders and over 3 million transfers. It has not been listed on OpenSea, and there is no specific information available at the moment.
3.Popular DApps:
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.56 million, primarily held by public fundraising round participants and airdrop recipients.
Stake.com (DApp) - A
cryptocurrency-based casino and sports betting platform. It recently suffered a hacker attack, incurring losses of over US$40 million. The platform quickly resumed all services by the next day, with all currency deposits and withdrawals being processed instantly. The theft seems to be related to issues with private keys, possibly due to interfaces or services associated with private keys being maliciously exploited.
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.
Hooked (DApp) - A Binance Launchpad project and a Web3 education concept. Its AI-like product, Hooked Academy Sensei, will cooperate with OpenCampus to create the learning experience of the future. Currently, the token trading activity is moderate, mainly used by users of its app. Its wallet has been officially launched, garnering a lot of attention.
Planet IX (DApp) - A Web3 NFT-based GameFi game that is currently one of the most popular games on Polygon. It consistently tops the Polygon ecosystem rankings, indicating a very high level of user activity.
The Graph (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
MERKLY (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero (LZ). The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.
Friend.Tech (DApp) - Friend.Tech has experienced a significant decrease in trading volume and transaction fees compared to earlier figures. Transaction fees have reduced from a peak of US$1.68 million to US$200,000 today. Recently, there has been a surge in counterfeit projects in the SocialFi sector. The future performance of Friend.Tech remains to be seen.
Aerodrome (DApp) - A ve(3,3) DEX on Base L2, developed and launched in collaboration with the Velodrome and Base teams. Initially, 40% of the circulating veAERO will be airdropped to veVELO users and will be locked for 4 years. The TVL grew rapidly after the product went live. It has since experienced a decline from its initial figure, currently standing at US$168 million.
Sweat (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. The community has voted to gradually burn 1.8 billion $SWEAT tokens. On September 6, it was announced that 110 million $SWEAT tokens have been burned. According to its whitepaper, the project team will burn a total of 1.8 billion tokens.
Pipe
Flare (DApp) - A P2E crypto gaming platform powered by the 1FLR token. Users can earn tokens like ZEC and MATIC, as well as airdrop rewards. Notable investors in the project include DCG and Horizen Labs. Recently, the platform has introduced a new 2FLR airdrop, garnering significant attention.
Metawin (DApp) - A gambling platform featuring a variety of gaming functionalities, live dealer games, and mini-games. These games are provided by over 50 developers, such as Pragmatic Play, NetEnt, Evolution, and others. Due to its gambling nature, no further details will be provided.
XEN (DApp) - XEN has been launched on the Base network and quickly became one of the top projects in terms of gas consumption. The related minting tool, Cointool_App, also ranks high in gas consumption. Currently, XEN's price is at an all-time low, but there's still over US$1 million in liquidity on-chain. Overal l trading activity is relatively low.
4.Twitter Hot Topics:
BEL (Token) - Bella Protocol is a DeFi product. On September 1, DWF Labs received 3.9 million BEL from Bella Protocol's address, worth approximately US$2 million. As of today, the token price has seen an increase of 30%. Due to the DWF concept, it has gained significant market attention, similar to the previous hype around Cyber and YGG. Retail investors are looking forward to the positive effect of this event.
GALA (Token) - Recently, Gala Games made headlines as two of its co-founders have filed lawsuits against each other, with the disputed GALA assets valued at over US$700 million. On the other hand, Gala has announced its intention to migrate the entire Gala platform to GalaChain by the end of the year. The move aims to simplify the user entry barrier and development tools, facilitating comprehensive self-service for external teams by year-end. Currently, the price of GALA has hit an all-time low due to the recent FUD events.
5.Regional Trending Searches:
PERP (Token) - Perpetual Protocol recently announced its compatibility with the renowned project, DappOS V2, offering smoother trading experiences and the ability to pay gas fees with any asset. Yesterday, they collaborated with GMX and O3 Labs for a joint AMA, persistently developing despite the ongoing bear market. Binance offers contract trading pairs for PERP, but the current liquidity is low. The surge in the token's price led to the liquidation of short positions worth US$1.52 million in 12 hours, resulting in a short squeeze. This figure made it the fourth-largest trading pair in terms of liquidation volume across the entire market. According to Bitget market data, PERP has seen an increase of nearly 53% in the past 24 hours.
Main Body
Written by: Bitget Research
Data collection time: September 8, 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
FRAM (Token) - Recently, the FRAM token consistently ranks first in on-chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 387,472
New active users of ETH: 73,877, with a daily decrease of 3.82%
Existing active users of ETH: 313,595, with a daily decrease of 7.86%
2.1.2 New User Profile
Core data: There were a total of 73,877 new active users on ETH yesterday, with a daily decrease of 3.82%
Popular Sectors
Popular Projects
Key Projects:
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.56 million, primarily held by public fundraising round participants and airdrop recipients.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 313,595, with a daily decrease of 7.86%
Popular Sectors
Popular Projects
Key Projects:
Stake.com (DApp) - A cryptocurrency-based casino and sports betting platform. It recently suffered a hacker attack, incurring losses of over US$40 million. The platform quickly resumed all services by the next day, with all currency deposits and withdrawals being processed instantly. The theft seems to be related to issues with private keys, possibly due to interfaces or services associated with private keys being maliciously exploited.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
BLUI (Token) - The current market cap of the token is US$1.6 million, with a trading volume of US$7.17 million. Since its launch at 4 PM yesterday, the number of traders has been continuously increasing, currently standing at 1190 holders. The contract is clean with no obvious risks, and the owner holds 1.22% of the supply. The token has experienced a significant decline, dropping 35.53% in the past 24 hours. It is advised to monitor cautiously.
2.2.2 Uniswap V3
DORKL (Token) - On September 6th, Pepe creator @Matt_Furie changed his profile picture to a black-hooded PEPE, named DORK LORD, with the PEPE Father concept. The related tweet garnered a staggering 270,000 views, with numerous influencers retweeting it. The $DORKL token was created 20 minutes after this tweet was posted. It has an on-chain liquidity of US$486,000 and a 24-hour trading volume of US$15.48 million. The contract has issues such as modifiable transaction taxes, transaction cooldown, and potential blacklist and whitelist mechanisms. The contract has been renounced. The token is available for trading on Bitget.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,021,891
New active users on BSC: 168,475, with a daily decrease of 0.16%
Existing active users on BSC: 853,416, with a daily increase of 2.48%
3.1.2 New User Profile
Core data: There were a total of 168,475 new active users on BSC yesterday, with a daily decrease of 0.16%
Popular Sectors
Popular Projects
Key Projects:
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 853,416, with a daily increase of 2.48%
Popular Sectors
Popular Projects
Key Projects:
Hooked (DApp) - A Binance Launchpad project and a Web3 education concept. Its AI-like product, Hooked Academy Sensei, will cooperate with OpenCampus to create the learning experience of the future. Currently, the token trading activity is moderate, mainly used by users of its app. Its wallet has been officially launched, garnering a lot of attention.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
SUC (Token) - The token's liquidity stands at US$197,000, with 20,000 holders. The 24-hour trading volume is US$1 million, and the token surged by 197.28% in the past 24 hours. The contract owner has renounced the contract. It is advised to keep an eye on this token. https://www.dextools.io/app/cn/bnb/pair-explorer/0x69fac9a4f7a1591d3ffa6f27cc1b76d6be6bab8e
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 459,365
New active users on Polygon: 140,925, with a daily increase of 81.48%
Existing active users on Polygon: 318,440, with a daily increase of 1.22%
4.1.2 New User Profile
Core data: There were a total of 140,925 new active users on Polygon yesterday, with a daily increase of 81.48%
Popular Sectors
Popular Projects
Key Projects:
SUKU (NFT) - The first NFT collection entirely created on Twitter simply by posting a tweet and tagging @Sukuthis. InfiniteWorld, part of the SUKU ecosystem, specializes in providing foundational infrastructure of the NFT market to brands and celebrities. Recently, it has also become the official metaverse partner for McLaren Automotive. Furthermore, SUKU has established an NFT evaluation system called NFT Grade, which generates assessment reports for NFTs. With this, SUKU has achieved a comprehensive layout from E2E (Engage-to-Earn) solutions to the NFT market.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 318,440, with a daily increase of 1.22%
Popular Sectors
Popular Projects
Key Projects:
Planet IX (DApp) - A Web3 NFT-based GameFi game that is currently one of the most popular games on Polygon. It consistently tops the Polygon ecosystem rankings, indicating a very high level of user activity.
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 USDT/USDC depegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 151,261
Arbitrum New Active Users: 32,607, with a daily increase of 28.82%
Arbitrum Existing Active Users: 118,654, with a daily increase of 4.15%
5.1.2 New User Profile
Core data: There were a total of 32,607 new active users on Arbitrum yesterday, with a daily increase of 28.82%
Popular Sectors
Popular Projects
Key Projects:
The Graph (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 118,654, with a daily increase of 4.15%
Popular Sectors
Popular Projects
Key Projects:
MERKLY (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero (LZ). The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
HMX (Token) - HMX is the next-generation decentralized perpetual exchange, offering cross-margin and multi-asset collateral support on Arbitrum. HMX is the native token of the project, with a 24-hour trading volume of US$882,000, involving 372 transactions, and an on-chain liquidity pool of US$2.54 million. The project has fundamental support and is worth continuous attention.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Base Active Users: 65,962
Base New Active Users: 10,004, with a daily decrease of 8.17%
Base Existing Active Users: 55,958, with a daily decrease of 9.48%
6.1.2 New User Profile
Core data: There were a total of 10,004 new active users on Base yesterday, with a daily decrease of 8.17%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - Friend.Tech has experienced a significant decrease in trading volume and transaction fees compared to earlier figures. Transaction fees have reduced from a peak of US$1.68 million to US$200,000 today. Recently, there has been a surge in counterfeit projects in the SocialFi sector. The future performance of Friend.Tech remains to be seen.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 55,958, with a daily decrease of 9.48%
Popular Sectors
Popular Projects
Key Projects:
Aerodrome (DApp) - A ve(3,3) DEX on Base L2, developed and launched in collaboration with the Velodrome and Base teams. Initially, 40% of the circulating veAERO will be airdropped to veVELO users and will be locked for 4 years. The TVL grew rapidly after the product went live. It has since experienced a decline from its initial figure, currently standing at US$168 million.
7. DApp Ecosystem - All Chains
Sweat (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. The community has voted to gradually burn 1.8 billion $SWEAT tokens. On September 6, it was announced that 110 million $SWEAT tokens have been burned. According to its whitepaper, the project team will burn a total of 1.8 billion tokens.
PipeFlare (DApp) - A P2E crypto gaming platform powered by the 1FLR token. Users can earn tokens like ZEC and MATIC, as well as airdrop rewards. Notable investors in the project include DCG and Horizen Labs. Recently, the platform has introduced a new 2FLR airdrop, garnering significant attention.
8.DApp Ecosystem - ETH Chain
Metawin (DApp) - A gambling platform featuring a variety of gaming functionalities, live dealer games, and mini-games. These games are provided by over 50 developers, such as Pragmatic Play, NetEnt, Evolution, and others. Due to its gambling nature, no further details will be provided.
9.DApp Ecosystem - BSC Chain
Mobox shows significant seasonal fluctuations, while the UAW fluctuations of other projects are within the normal range.
10.DApp Ecosystem - Polygon Chain
The UAW fluctuations for all projects are within the normal range.
11.DApp Ecosystem - WAX Chain
Mining Network's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.
12.DApp Ecosystem - Solana Chain
OLP's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.
13.DApp Ecosystem - Arbitrum Chain
The UAW fluctuations for all projects are within the normal range.
14.DApp Ecosystem - Base Chain
Balancer's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.
15.DApp Ecosystem - GameFi Sector Across All Chains
Sweat and Pipeflare were mentioned earlier in the report.
16.Gas Fee Consumption - ETH Chain
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.56 million, primarily held by public fundraising round participants and airdrop recipients.
17.Gas Fee Consumption - BSC Chain
BUSD (Token) - Due to Paxos ceasing the issuance of new BUSD tokens, Binance will gradually cease support for BUSD. Binance reminds users that they can convert their BUSD assets into other assets supported by the Binance platform before February 2024. The gradual cessation of BUSD will have significant implications for the liquidity of the BSC ecosystem, which may be challenging to recover in the short term.
18.Gas Fee Consumption - Polygon Chain
Lfi CloudX NFT (NFT) - An NFT hosted on Polygon, with 210,000 holders and over 3 million transfers. It has not been listed on OpenSea, and there is no specific information available at the moment.
19.Gas Fee Consumption - Arbitrum Chain
Graph Token (Token) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. These tools are designed to simplify the process of moving subgraphs, signals, stakes, or delegations to Arbitrum One, enabling all participants in The Graph ecosystem to efficiently and effortlessly engage with The Graph on L2.
20.Gas Fee Consumption - Base Chain
XEN (DApp) - XEN has been launched on the Base network and quickly became one of the top projects in terms of gas consumption. The related minting tool, Cointool_App, also ranks high in gas consumption. Currently, XEN's price is at an all-time low, but there's still over US$1 million in liquidity on-chain. Overall trading activity is relatively low.
21.Twitter Trends Token Top Rank
BEL (Token) - Bella Protocol is a DeFi product. On September 1, DWF Labs received 3.9 million BEL from Bella Protocol's address, worth approximately US$2 million. As of today, the token price has seen an increase of 30%. Due to the DWF concept, it has gained significant market attention, similar to the previous hype around Cyber and YGG. Retail investors are looking forward to the positive effect of this event.
GALA (Token) - Recently, Gala Games made headlines as two of its co-founders have filed lawsuits against each other, with the disputed GALA assets valued at over US$700 million. On the other hand, Gala has announced its intention to migrate the entire Gala platform to GalaChain by the end of the year. The move aims to simplify the user entry barrier and development tools, facilitating comprehensive self-service for external teams by year-end. Currently, the price of GALA has hit an all-time low due to the recent FUD events.
22.Google Trends - Global
PERP (Token) - Perpetual Protocol recently announced its compatibility with the renowned project, DappOS V2, offering smoother trading experiences and the ability to pay gas fees with any asset. Yesterday, they collaborated with GMX and O3 Labs for a joint AMA, persistently developing despite the ongoing bear market. Binance offers contract trading pairs for PERP, but the current liquidity is low. The surge in the token's price led to the liquidation of short positions worth US$1.52 million in 12 hours, resulting in a short squeeze. This figure made it the fourth-largest trading pair in terms of liquidation volume across the entire market. According to Bitget market data, PERP has seen an increase of nearly 53% in the past 24 hours.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: UTM, ETH, BTC
Pakistan Trending Keywords:
crypto exchange, Coinmarketcap
b) Southeast Asia Region
Philippines Trending Tokens: PERP, LUNA, PI
Singapore Trending Keywords: None
Indonesia Trending Keywords: Akademi, PI Network, Miner
Thailand Trending Tokens: Ronin
c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: Crypto
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trending Keywords: Exchange, Dune, Crypto Wallet
b) English-speaking Countries
Canada Trending Tokens: TURBO, DOGECOIN
Australia Trending Tokens: XRP, SHIB, BTC
UK Trending Tokens: GNS, BEN, FLUX, PERP, XLM, LCX
USA Trending Tokens: UNFI
c) Europe
Spain Trending Tokens: SHIB, RUNE, GRT
Germany Trending Keywords: ETH, BTC, IOTA, SONIK
France Trending Tokens: UCO, FTM, ASTAR, Acropolis, Chimpzee
Italy Trending Tokens: UNI, PI, HPT, PERP
Turkey Trending Keywords: Investing, Mining, Coin
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trending Keywords: Coinmama, Crypto jobs
South Africa Trending Tokens: Coinmarketcap, Exchange,
BTC Price
b) Middle East Trending Keywords:
Crypto News
c) Latin America
Brazil Trending Tokens: MATIC, SOL, PERP
Argentina Trending Tokens: TRX, ARK
Mexico Trending Tokens: Dollar
References
1. Dune Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
2. Dune Dashboard - Gas Fee Consumption: https://dune.com/bitgetresearch/gas-overview
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