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- Bitget Research: Bitcoin Falls Below US$35,000, Unibot Trading Returns to Normal
Bitget Research: Bitcoin Falls Below US$35,000, Unibot Trading Returns to Normal
Bitget Research
2023/11/03
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:
SATS (Token) - SATS token is a BR-20 token conceptually based on the smallest unit of Bitcoin, Satoshi, with a total supply of 21 million. Unisat officially proposed using it as the gas fee consumption token on the BRC-20 DEX. With the official launch of Unisat's BRC-20 Swap, the trading volume for SATS has increased, reaching a 24-hour on- XCNUSDT">
chain trading volume of US$2.84 million. Over the past 24 hours, the price has risen by 95.58%, and the market cap has surpassed US$100 million.
AMO (Token) - Amino, a Move2Earn network focusing on sports, health, and fitness rewards, has partnered with the NFL team Washington Commanders. The Amino Move app has already reached 500,000 downloads on Google Play. The token is quite popular, with its current market cap surpassing US$100 million and a 24-hour trading volume of US$4.1 million.
RLB (Token) - There has been a continuous inflow of smart money into RLB recently. According to the Nansen Smart Money 24-hour Ethereum network fund inflow tracking list, there was an inflow of approximately US$1.41 million into RLB. The token currently has a daily trading volume of US$15 million and has seen a price decrease of 8.24% in the past 24 hours.
BIBI (Token) - A revived project on the BSC. It has 27,845 holders on-chain and once had significant popularity in the Chinese-speaking region. The token's contract ownership has been renounced, and the issuer's identity is verified. The token has notable popularity both on-chain and on social media, with a rapidly increasing daily trading volume, which is currently around US$12 million.
Kratos Cash (Token) - Recently, the token has experienced a substantial number of distribution transfers on Polygon, with the current number of holders reaching 178,000 addresses. However, liquidity has not yet been deployed on the chain, making it impossible to confirm which project the token belongs to for the time being.
AAVE (Token) - Yesterday, there was a general rise in DeFi tokens, with AAVE peaking at US$101. A dormant whale address withdrew 67,349 AAVE (worth US$6 million) from Coinbase. It has been three years since the address last received AAVE.
STG (Token) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). The project token, STG, has been listed on Bitget.
2.Popular NFTs:
The Captainz (NFT) - Following the completion of the MEME token presale by Memeland and its successful listing on the Binance launchpad, the NFTs used for airdropping locked tokens also faced community sell-offs. As Memeland's token launch approached, its NFTs such as The Captainz and The Potatoz, have also experienced an increase in trading volume due to heightened interest.
3.Popular DApps:
Coinbase (DApp) - Coinbase Advanced users in the United States now have access to regulated
cryptocurrency futures contracts. Coinbase's revenue for the third quarter was US$674.1 million, a 4.7% decrease quarter-over-quarter but a 14.2% increase year-over-year. The net loss for the quarter was US$2 million, compared to a loss of US$545 million in the same period last year. Additionally, trading volume for the quarter declined again, from US$159 billion in the same period last year to US$76 billion. This indicates an adjustment to Coinbase's current profit model and the exploration of new business ventures.
Maestro (DApp) - Maestro, as a renowned on-chain bot, is highly favored by the crypto community. Despite the recent attack on the prominent bot project, Unibot, which led to user losses due to certain routing issues, the overall usage of bots in the crypto community has not diminished. Maestro continues to maintain its position in the top three of the interaction leaderboard.
TinyTap (DApp) - TinyTap is a vast library of games created by educators. Now under the umbrella of Animoca Brands, the project is dedicated to forging an open,
blockchain-driven educational ecosystem. TinyTap offers a no-code platform, enabling educators to create and share interactive educational content and earn a share of the revenue when learners utilize their content. Creators can craft TinyTap content and activities via TinyTap's iPad application or its website.
Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.
XEN (DApp) - 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.
RhinoFi (DApp) - The renowned DeFi project, RhinoFi, currently supports cross-chain transactions for tokens across 13 chains. The project offers a comprehensive set of features, presenting users with a clear and intuitive dashboard and functionalities, making it a favorite among blockchain enthusiasts.
PostTech (DApp) - Post.Tech is an emerging SocialFi and DeFi platform based on the Arbitrum network, which is renowned for its Layer 2 scaling solutions. This platform presents a unique fusion of social media and finance, allowing users to tokenize their profiles and posts. Post.Tech also has an airdrop event, which rewards users through various activities on the platform, fostering a community-centric environment.
Kratos Studios (DApp) - Kratos Studios, based in India, is a Web3 gaming startup and the intellectual property owner of the world's largest gaming DAO, IndiGG. Established in 2022, the company focuses on developing various types of games, operating as a Web3 gaming company. In addition to holding the intellectual property of IndiGG, Kratos Studios is also an active investor in the global Web3 gaming space.
PlayEmber (DApp) - PlayEmber is focused on delivering customized monetization solutions through its Unity-based software development kit, aiming to facilitate the transition of game advertising revenue from the Web2 market to Web3. The start-up has also received substantial strategic support from the NEAR Foundation. The test version of PlayEmber has been launched and has gained significant popularity.
4.Twitter Hot Topics:
GALA (Token) - In the recent surge of the play-to-earn (P2E) gaming sector, Gala, which was a popular asset in the previous cycle, has garnered significant attention from speculative capital. The token's price has surged over 80% in the past two weeks, and it's generating a high search volume on Twitter. It's advisable to keep an eye on this.
5.Regional Trending Searches:
Safemoon (Token) - The SEC recently accused the DeFi protocol SafeMoon LLC, operating on the BNB Chain ecosystem, and its founder Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith, of conducting a large-scale fraudulent scheme through the unregistered crypto asset security SafeMoon. Two SafeMoon executives have been arrested, while Nagy remains at large.
Main Body
Written by: Bitget Research
Data collection time: November 3, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1.BTC Profile - BRC-20
SATS (Token) - SATS token is a BR-20 token conceptually based on the smallest unit of Bitcoin, Satoshi, with a total supply of 21 million. Unisat officially proposed using it as the gas fee consumption token on the BRC-20 DEX. With the official launch of Unisat's BRC-20 Swap, the trading volume for SATS has increased, reaching a 24-hour on-chain trading volume of US$2.84 million. Over the past 24 hours, the price has risen by 95.58%, and the market cap has surpassed US$100 million.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 383,887
New active users on ETH: 72,987, with a daily increase of 3.25%
Existing active users on ETH: 310,900, with a daily decrease of 4.27%
2.1.2 New User Profile
Core data: There were a total of 72,987 new active users on ETH yesterday, with a daily increase of 3.25%
Popular Sectors
Popular Projects
Key Projects:
Coinbase (DApp) - Coinbase Advanced users in the United States now have access to regulated
cryptocurrency futures contracts. Coinbase's revenue for the third quarter was US$674.1 million, a 4.7% decrease quarter-over-quarter but a 14.2% increase year-over-year. The net loss for the quarter was US$2 million, compared to a loss of US$545 million in the same period last year. Additionally, trading volume for the quarter declined again, from US$159 billion in the same period last year to US$76 billion. This indicates an adjustment to Coinbase's current profit model and the exploration of new business ventures.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 310,900, with a daily decrease of 4.27%
Popular Sectors
Popular Projects
Key Projects:
Maestro (DApp) - Maestro, as a renowned on-chain bot, is highly favored by the crypto community. Despite the recent attack on the prominent bot project, Unibot, which led to user losses due to certain routing issues, the overall usage of bots in the crypto community has not diminished. Maestro continues to maintain its position in the top three of the interaction leaderboard.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
AMO (Token) - Amino, a Move2Earn network focusing on sports, health, and fitness rewards, has partnered with the NFL team Washington Commanders. The Amino Move app has already reached 500,000 downloads on Google Play. The token is quite popular, with its current market cap surpassing US$100 million and a 24-hour trading volume of US$4.1 million.
2.2.2 Uniswap V3
RLB (Token) - There has been a continuous inflow of smart money into RLB recently. According to the Nansen Smart Money 24-hour Ethereum network fund inflow tracking list, there was an inflow of approximately US$1.41 million into RLB. The token currently has a daily trading volume of US$15 million and has seen a price decrease of 8.24% in the past 24 hours.
2.3 Popular NFTs
2.3.1 Top NFT Collections
The Captainz (NFT) - Following the completion of the MEME token presale by Memeland and its successful listing on the Binance launchpad, the NFTs used for airdropping locked tokens also faced community sell-offs. As Memeland's token launch approached, its NFTs such as The Captainz and The Potatoz, have also experienced an increase in trading volume due to heightened interest.
3.Blockchain Profile - BSC
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,062,438
New active users on BSC: 141,377, with a daily decrease of 19.83%
Existing active users on BSC: 921,061, with a daily increase of 2.12%
3.1.2 New User Profile
Core data: There were a total of 141,377 new active users on BSC yesterday, with a daily decrease of 19.83%
Popular Sectors
Popular Projects
Key Projects:
TinyTap (DApp) - TinyTap is a vast library of games created by educators. Now under the umbrella of Animoca Brands, the project is dedicated to forging an open, blockchain-driven educational ecosystem. TinyTap offers a no-code platform, enabling educators to create and share interactive educational content and earn a share of the revenue when learners utilize their content. Creators can craft TinyTap content and activities via TinyTap's iPad application or its website.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 921,061, with a daily increase of 2.12%
Popular Sectors
Popular Projects
Key Projects:
Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
BIBI (Token) - A revived project on the BSC. It has 27,845 holders on-chain and once had significant popularity in the Chinese-speaking region. The token's contract ownership has been renounced, and the issuer's identity is verified. The token has notable popularity both on-chain and on social media, with a rapidly increasing daily trading volume, which is currently around US$12 million.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 445,091
New active users on Polygon: 105,076, with a daily increase of 31.79%
Existing active users on Polygon: 340,015, with a daily increase of 4.46%
4.1.2 New User Profile
Core data: There were a total of 105,076 new active users on Polygon yesterday, with a daily increase of 31.79%
Popular Sectors
Popular Projects
Key Projects:
Kratos Cash (Token) - Recently, the token has experienced a substantial number of distribution transfers on Polygon, with the current number of holders reaching 178,000 addresses. However, liquidity has not yet been deployed on the chain, making it impossible to confirm which project the token belongs to for the time being.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 340,015, with a daily increase of 4.46%
Popular Sectors
Popular Projects
Key Projects:
XEN (DApp) - 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.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
AAVE (Token) - Yesterday, there was a general rise in DeFi tokens, with AAVE peaking at US$101. A dormant whale address withdrew 67,349 AAVE (worth US$6 million) from Coinbase. It has been three years since the address last received AAVE.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 145,672
New Active Users on Arbitrum: 19,531, with a daily decrease of 5.41%
Existing Active Users on Arbitrum: 126,141, with a daily increase of 0.22%
5.1.2 New User Profile
Core data: There were a total of 19,531 new active users on Arbitrum yesterday, with a daily decrease of 5.41%
Popular Sectors
Popular Projects
Key Projects:
RhinoFi (DApp) - The renowned DeFi project, RhinoFi, currently supports cross-chain transactions for tokens across 13 chains. The project offers a comprehensive set of features, presenting users with a clear and intuitive dashboard and functionalities, making it a favorite among blockchain enthusiasts.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 126,141, with a daily increase of 0.22%
Popular Sectors
Popular Projects
Key Projects:
PostTech (DApp) - Post.Tech is an emerging SocialFi and DeFi platform based on the Arbitrum network, which is renowned for its Layer 2 scaling solutions. This platform presents a unique fusion of social media and finance, allowing users to tokenize their profiles and posts. Post.Tech also has an airdrop event, which rewards users through various activities on the platform, fostering a community-centric environment.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
STG (Token) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). The project token, STG, has been listed on Bitget.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 69,445
New Active Users on Base: 10,364, with a daily decrease of 19.28%
Existing Active Users on Base: 59,081, with a daily decrease of 2.81%
6.1.2 New User Profile
Core data: There were a total of 10,364 new active users on Base yesterday, with a daily decrease of 19.28%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - Friend.Tech currently maintains a stable TVL at around US$41 million. However, the protocol's trading activity has noticeably decreased, with daily fees in the past five days falling short of US$100,000, which is a decline of over 60% from earlier figures.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 59,081, with a daily decrease of 2.81%
Popular Sectors
Popular Projects
Key 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 added "ZRO withdrawal" support to its 18 existing chains.
7. DApp Ecosystem - All Chains
The UAW fluctuations for all projects are within the normal range.
8.DApp Ecosystem - ETH Chain
Polygon PoS Bridge - The base number is too small and the growth is not significant. The UAW fluctuations of other projects are within the normal range.
9.DApp Ecosystem - BSC
Ultimate Champions (DApp) - The increase, which is considered a normal fluctuation, is due to the weekly Pack Drop event on Thursdays.
10.DApp Ecosystem - Polygon Chain
Kratos Studios (DApp) - Kratos Studios, based in India, is a Web3 gaming startup and the intellectual property owner of the world's largest gaming DAO, IndiGG. Established in 2022, the company focuses on developing various types of games, operating as a Web3 gaming company. In addition to holding the intellectual property of IndiGG, Kratos Studios is also an active investor in the global Web3 gaming space.
11.DApp Ecosystem - WAX Chain
The UAW fluctuations for all projects are within the normal range.
12.DApp Ecosystem - Solana Chain
The UAW fluctuations for all projects are within the normal range.
13.DApp Ecosystem - Arbitrum Chain
The UAW fluctuations for all projects are within the normal range.
14.DApp Ecosystem - Base Chain
The UAW fluctuations for all projects are within the normal range.
15.DApp Ecosystem - GameFi Sector Across All Chains
PlayEmber (DApp) - PlayEmber is focused on delivering customized monetization solutions through its Unity-based software development kit, aiming to facilitate the transition of game advertising revenue from the Web2 market to Web3. The start-up has also received substantial strategic support from the NEAR Foundation. The test version of PlayEmber has been launched and has gained significant popularity.
16.Gas Fee Consumption - ETH Chain
Arbitrum (DApp) - PlutusDAO has initiated a proposal on the Arbitrum forum, suggesting the activation of ARB staking and distributing token inflation to users who lock their tokens. The Arbitrum DAO has the authority to mint 2% of the total ARB supply annually as inflation, with the first opportunity to mint tokens being March 15, 2024 (the minting function can only be called once a year). PlutusDAO proposes minting 1.75% of the token supply and distributing it within a year. If staking is initiated, it will bring tangible profits to ARB holders.
17.Gas Fee Consumption - BSC
PancakeSwap (DApp) - Yesterday, the launch of a CAKE contract by Binance influenced the token's price, resulting in a maximum increase of 30% over the past 24 hours. Additionally, in late October, PancakeSwap burned 8,927,136 CAKE tokens, valued at approximately US$10 million, indicating a strong fundamental outlook.
18.Gas Fee Consumption - Polygon Chain
Galxe (DApp) - A Web3-based credential data network, Galxe fosters an open and collaborative infrastructure, enabling brands and developers to interact with their communities and build robust products within the Web3 environment. Recently, Galxe officially launched Galxe AI, a chatbot proficient in cryptocurrencies. It is powered by ALVA and is in the whitelist testing phase.
19.Gas Fee Consumption - Arbitrum Chain
Seawise.ai (DApp) - According to the project's promotional materials, it uses AI algorithms. It has recently experienced some on-chain interactions, but the contract has self-destructed. Users are advised to exercise caution to mitigate potential risks.
20.Gas Fee Consumption - Base Chain
Friend.Tech (DApp) - Friend.Tech currently maintains a stable TVL at around US$41 million. However, the protocol's trading activity has noticeably decreased, with daily fees in the past five days falling short of US$100,000, which is a decline of over 60% from earlier figures.
21.Twitter Trends Token Top Rank
GALA (Token) - In the recent surge of the play-to-earn (P2E) gaming sector, Gala, which was a popular asset in the previous cycle, has garnered significant attention from speculative capital. The token's price has surged over 80% in the past two weeks, and it's generating a high search volume on Twitter. It's advisable to keep an eye on this.
22.Google Trends - Global
Safemoon (Token) - The SEC recently accused the DeFi protocol SafeMoon LLC, operating on the BNB Chain ecosystem, and its founder Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith, of conducting a large-scale fraudulent scheme through the unregistered crypto asset security SafeMoon. Two SafeMoon executives have been arrested, while Nagy remains at large.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: ICP, ACH, AAVE, SUN, Polygon, Polkadot
Pakistan Trends: Safemoon, BTC, XRP
b) Southeast Asia Region
Malaysia Trends: SOL, XRP
Vietnam Trends:
Crypto News
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: Crypto News, Crypto wallet
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region
Trends: Crypto News, EOS, Airdrop
b) English-speaking Countries
Australia Trends: Kadena, SBF, INJ, DOGE, BTC
UK Trends: XDC, BTC, 4CHAN, ARB, INJ
USA Trends: PRISMA
c) Europe
France Trends: CELO, PEPE 2.0, OSMO, ILV, AIDOGE
Italy Trends: NEXO, FIL, DAI, LUNA
Turkey Trends: Crypto Fund Trader
Belgium Trends: HOLO, ETH, ARK
Poland Trends: CRYPTO COM, ETH, SOL, BTC
Switzerland Trends: Kraken, TIA, ETH, SHIB
Spain Trends: ETH, XDC, TRB, POLIS, BONE, ARK
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trends: Safemoon
b) Middle East
Trends: Safemoon, BTC
c) Latin America
Brazil Trends: Safemoon, Filme, MATIC
Argentina Trends: CAKE, SHIB, FLOKI
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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