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Bitget Research: Celestia Token Launch Boosts the Cosmos Ecosystem, Crypto Market Consolidates in Narrow Range Awaiting November FOMC Meeting

Bitget Research: Celestia Token Launch Boosts the Cosmos Ecosystem, Crypto Market Consolidates in Narrow Range Awaiting November FOMC Meeting

Bitget Research

2023/10/31

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:

TIA - Celestia (Token) - Celestia has updated its pre-genesis file. The genesis time (mainnet launch time) is set for 10:00 PM, October 31 (UTC+8). The addresses eligible for the airdrop are also in this file. After the mainnet launch, tokens will be directly distributed to users' wallets, eliminating the need for users to claim them. Currently, exchanges like Bitget, Binance, and Bybit have all announced the listing of Celestia.

POL - Polygon (Token) - Polygon Labs has deployed the contract for its next-generation cryptocurrency, POL, on the Ethereum mainnet. According to the whitepaper, Polygon Tech is setting up an expansive ecosystem to address issues like low blockchain capacity, expensive gas fees, and the need for a developer-friendly environment. While ensuring high system availability, they are also ensuring flexible scalability. All Matic tokens can be exchanged on a 1:1 ratio for POL, which has been listed on Bitget.

KAKI (Token) - Doge KaKi, a memecoin that has gained significant traction in the Hong Kong region. The project has previously used a marketing tactic where they sent 90% of the tokens to a burn address. After a significant increase in value on two consecutive days, it experienced a drop, paired with traffic growth.

2.Popular NFTs:

Layer3 (NFT) - NFTs by Layer3 project, issued on Polygon, with over 480,000 holders on-chain. To participate in their latest promotion and obtain a limited edition commemorative ONFT, users need to have completed tasks, such as having made a transaction on LayerZero paired with a retweet.

3.Popular DApps:

StarkNet (DApp) - StarkNet will distribute 50 million STRK tokens to early ecosystem contributors. This initiative, termed the "Early Community Member Program" (ECMP), aims to reward individual contributors who encourage technical discussions, organize StarkNet-related events, and regularly release StarkNet branded content. Individuals and projects must apply for the rewards and provide detailed information about their contributions.

RhinoFi (DApp) - RhinoFi is a cross-chain bridge and multi-chain DEX aggregator that supports numerous chains, including Arbitrum Nova, Arbitrum One, BNB Smart Chain, Base, Ethereum, Linea, Manta Pacific, Optimism, Polygon, Polygon zkEVM, Scroll, opBNB, and zkSync Era. The project is currently engaged in a promotion for the Scroll ecosystem, with commendable traffic.

Quest3 (DApp) - QuestN, a prominent on-chain task platform, has recently introduced an interstitial advertising feature, with Binance becoming its first client. The platform has seen high traffic due to events held with Linity, Firestarter, Biswap, and GM Labs.

4.Twitter Hot Topics:

ARB (Token) - Recently, a whale spent 843 ETH (US$1.5 million) to buy 1.61 million ARB tokens at an average price of US$0.95 each. On the same day, a whale deposited 6.583 million ARB tokens (US$6.37 million) into Coinbase at an approximate price of US$0.97 each. There has been an increase in both the frequency and quantity of large transactions lately.

5.Regional Trending Searches:

Main Body

Written by: Bitget Research

Data collection time: October 31, 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

ORDI (Token) - BRC-20's leading project, ORDI is available for trading on Bitget. With the anticipation of spot Bitcoin ETF moving forward, ORDI, as a BRC-20 project on the Bitcoin chain, has shown commendable performance recently. Bitget has introduced a BTC Ecosystem zone, grouping tokens with significant relevance to Bitcoin into one category.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 393,018

New active users on ETH: 70,837, with a daily increase of 10.61%

Existing active users on ETH: 322,181, with a daily increase of 6.07%

2.1.2 New User Profile

Core data: There were a total of 70,837 new active users on ETH yesterday, with a daily increase of 10.61%

Popular Sectors

Popular Projects

Maestro (DApp) - The Telegram bot project Maestro retweeted on October 25 that every wallet that lost tokens due to a router vulnerability has now received the full amount they lost. The complete refund process was concluded just 10 hours after the vulnerability was exploited. These refunds amounted to a total expenditure of 610 ETH.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 322,181, with a daily increase of 6.07%

Popular Sectors

Popular Projects

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

BABY (Dancing Baby) and GNOME (Gnome Child) featured on the list each pose high contract risks and concerns of overly concentrated stakes. With their limited on-chain liquidity pools, they are prone to volatile price swings. It is not advised to pay special attention.

2.2.2 Uniswap V3

TITAN X (Token) - titanX, a recently popular mining project which seems to be a ponzi scheme. Users are motivated to mint because they can sell at a premium after they mint. Unlike XEN, the ETH used to buy titanX is held by the project team, which might be used to pump the market (62% of the ETH used by users to buy titanX is for buyback and burn). Currently, the token's trading activity is high, but its price saw a significant drop yesterday.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Memeland's upcoming token launch is driving the NFT market recovery, with BAYC's floor price returning to over 30ETH.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,103,425

New active users on BSC: 157,047, with a daily increase of 30.73%

Existing active users on BSC: 946,378, with a daily increase of 10.39%

3.1.2 New User Profile

Core data: There were a total of 157,047 new active users on BSC yesterday, with a daily increase of 30.73%

Popular Sectors

Popular Projects

Seg Finance (DApp) - The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 946,378, with a daily increase of 10.39%

Popular Sectors

SecondLive (DApp) - The metaverse project SecondLive, based on BSC, is a Web3 project specifically designed for fostering virtual social networks and bolstering the creator economy. It introduces a multifaceted 3D virtual environment where participants can embody their preferred virtual avatars and indulge in various real-world activities, including virtual exhibitions, singing, dancing, and shopping. Users can also leverage the SecondLive Avatar to create their content and profit from it.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 409,712

New active users on Polygon: 77,127, with a daily increase of 24.84%

Existing active users on Polygon: 332,585, with a daily increase of 12.22%

4.1.2 New User Profile

Core data: There were a total of 77,127 new active users on Polygon yesterday, with a daily increase of 24.84%

Popular Sectors

Popular Projects

Meta Force (DApp) - This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and "Registration" taking place. The project operates on an invitation-only basis where the inviter receives a purchase reward from the invitee, which carries the characteristics of pyramid selling (MLM). Participation is not recommended.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 332,585, with a daily increase of 12.22%

Popular Sectors

Key Projects:

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

No particularly popular new projects in the Polygon ecosystem.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 122,043

New Active Users on Arbitrum: 18,002, with a daily increase of 6.93%

Existing Active Users on Arbitrum: 104,041, with a daily decrease of 5.78%

5.1.2 New User Profile

Core data: There were a total of 18,002 new active users on Arbitrum yesterday, with a daily increase of 6.93%

Popular Sectors

Popular Projects

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. The project team recently attended an offline blockchain event in India. The project is an infrastructure-focused project, and it continues to develop despite the ongoing bear market. The project's token, GRT, has been listed on Bitget.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 104,041, with a daily decrease of 5.78%

Popular Sectors

Popular Projects

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

No particularly popular new projects in the Arbitrum ecosystem.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 79,627

New Active Users on Base: 12,351, with a daily decrease of 12.09%

Existing Active Users on Base: 67,276, with a daily decrease of 10.02%

6.1.2 New User Profile

Core data: There were a total of 12,351 new active users on Base yesterday, with a daily decrease of 12.09%

Popular Sectors

Popular Projects

T2MultiverseSoulShares (DApp) - A recently active FT replica on the Base chain, with modifications made to the original FT. The current TVL is relatively low. It is advisable to observe its progress.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 67,276, with a daily decrease of 10.02%

Popular Sectors

Popular Projects

Odos (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.

7. DApp Ecosystem - All Chains

Sweat Economy (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. Users can earn SWEAT tokens through its Sweat Wallet application by engaging in daily physical activities.

8.DApp Ecosystem - ETH Chain

Manifold (DApp) - 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. Manifold will expand its Creator toolset to L2, providing users with a lower transaction gas fee experience. The recovery of the NFT market has led to an increase in the project's UAW.

9.DApp Ecosystem - BSC

QuestN (DApp) - A prominent on-chain task platform, QuestN has recently introduced an interstitial advertising feature, with Binance becoming its first client. Recently, the platform has seen high traffic due to events held with Linity, Firestarter, Biswap, and GM Labs.

10.DApp Ecosystem - Polygon Chain

QORPO WORLD (DApp) - QORPO WORLD is an integrated Web3 gaming platform designed to introduce Web2 players to Web3 innovations while simplifying the blockchain for Web3 users. On QORPO WORLD, users can find everything in one place, including numerous blockchain games, an NFT marketplace, a Web3 wallet, a voting system, and a wide range of social features.

11.DApp Ecosystem - WAX Chain

DApps on the WAX chain experience normal fluctuations in UAW.

12.DApp Ecosystem - Solana Chain

Rarible (DApp) - Rarible is a platform highly suited for digital artists, enabling them to issue and sell digital assets representing ownership of their digital works. Operating as an Ethereum-based NFT marketplace, Rarible connects content creators with buyers of NFTs without requiring any prior coding skills from the users. The marketplace offers a diverse selection of NFTs across various categories, including art, ensuring the security and reliability of transactions.

13.DApp Ecosystem - Arbitrum Chain

RhinoFi was described earlier in the report.

14.DApp Ecosystem - Base Chain

Friend.tech (DApp) - Following a sharp surge, the protocol's TVL has stagnated, dropping from a high of US$52 million to the current US$40 million. The popularity of the protocol is gradually decreasing.

15.DApp Ecosystem - GameFi Sector Across All Chains

Sweat Economy was described 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." It has introduced a commission feature, allowing token holders to claim respective holding rewards on its official website. The BANANA token has seen high trading activity since its issuance, and Bitget has listed the token on the spot market.

17.Gas Fee Consumption - BSC

Quest3 (DApp) - A prominent on-chain task platform, QuestN has recently introduced an interstitial advertising feature, with Binance becoming its first client. The platform has seen high traffic due to events held with Linity, Firestarter, Biswap, and GM Labs.

18.Gas Fee Consumption - Polygon Chain

CoinTool: XEN Batch Minter (DApp) - A renowned on-chain toolbox, CoinTool's XEN batch mining tool. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.

19.Gas Fee Consumption - Arbitrum Chain

Vertex: Endpoint (DApp) - Vertex is an on-chain derivative DEX that has seen rapid growth in trading volume recently. It currently ranks in the top three in terms of DEX derivatives trading volume, with a daily trading volume of approximately US$40 million. The project has entered its final phase of trading mining before the token launch, with the token anticipated to launch in November.

20.Gas Fee Consumption - Base Chain

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 added "ZRO withdrawal" support to its 18 existing chains, increasing the prospects of token issuance and airdrop expectations. The project is in collaboration with VEXT, and VEXT will use LayerZero's services as its foundational infrastructure.

21.Twitter Trends Token Top Rank

22.Google Trends - Global

Celestia (Token) - Celestia has updated its pre-genesis file. The genesis time (mainnet launch time) is set for 10:00 PM, October 31 (UTC+8). The addresses eligible for the airdrop are also in this file. After the mainnet launch, tokens will be directly distributed to users' wallets, eliminating the need for users to claim them. Currently, exchanges like Bybit, Bitget, and Binance have all announced the listing of Celestia.

Polygon (Token) - Polygon Labs has deployed the contract for its next-generation cryptocurrency, POL, on the Ethereum mainnet. According to the whitepaper, Polygon Tech is setting up an expansive ecosystem to address issues like low blockchain capacity, expensive gas fees, and the need for a developer-friendly environment. While ensuring high system availability, they are also ensuring flexible scalability. All Matic tokens can be exchanged on a 1:1 ratio for POL, which has been listed on Bitget.