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- Bitget Research: ORDI Listing on Binance Sparks BRC-20 Sector Surge, NFT Market Recovery Boosts BLUR Trading Volume
Bitget Research: ORDI Listing on Binance Sparks BRC-20 Sector Surge, NFT Market Recovery Boosts BLUR Trading Volume
Bitget Research
2023/11/07
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:
BLUR (Token) - Nansen indicates that NFT trading volume has steadily increased over the past five weeks, with last week's volume reaching US$129 million. In terms of NFT trading volume share, Blur has dominated the NFT market over the last 30 days. Recently, BLUR's token price has shown a positive trend, with significant trading volume on Upbit, nearing US$200 million in 24 hours. It has experienced an increase of 49% in the past week and 110% over the past month.
ORDI (Token) - Binance's listing of Ordinals (ORDI) and the addition of a seed tag led to a surge in trading volume across the network, a short-term spike in ORDI, and a widespread surge in BRC-20 ecosystem tokens. Previously, UniSat Wallet's BRC-20 Swap went live, initially supporting 14 types of Bitcoin inscription assets (sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, zbit, vmpx, pepe, mxrc).
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, leading to a sustained surge in its price.
LINK (Token) - Recently, smart money investors have been intensively buying LINK tokens. According to Ember Monitoring, a whale bought LINK tokens worth US$3.8 million at an average price of US$12.17. Previously, the same whale realized a profit of US$1.83 million from buying RLB, equating to a 380% return. Data from Nansen 2 reveals that approximately US$5.87 million of smart money flowed into LINK, according to Smart Money 24-hour Ethereum network fund inflow tracking list.
BEG (Token) - A project launched by Ben.eth (@eth_ben), an influencer with 100K followers on Twitter. BEG has an on-chain liquidity of US$1.15 million, with a total 24-hour trading volume of US$4.77 million. There is a 2% transaction tax, and the contract has been renounced. Last June, Ben Armstrong from BitBoy Crypto discontinued his collaboration with Ben.eth, and BitBoy Crypto emphasized that Ben.eth no longer held any BEN tokens to clarify the separation between the two.
IO (Token) - A memecoin with a 24-hour trading volume of US$6.26 million and 4191 on-chain transactions in the same period. It has high social media engagement, with a single tweet capable of receiving over 5K views within 24 hours. The contract has no apparent risks, with 90% of tokens in circulation, and LP tokens locked until January 5, 2024.
GROK (Token) - A memecoin themed around Musk's xAI model, GROK (On November 5, Elon Musk announced on Twitter that xAI's AI model Grok had been released, generating high topic engagement). The on- XCNUSDT">
chain trading sentiment for the token is high, with over US$12 million in trading volume on the day of its TGE. Despite a 20% decline in token price today, it still maintains a 24-hour trading volume of over US$5 million.
2.Popular NFTs:
Springfield Punks (NFT) - The animated series, The Simpsons, satirized NFTs in its latest Halloween special episode. Rino Russo released an NFT collection inspired by The Simpsons called Springfield Punks and opened Free Mint. The floor price of Springfield Punks experienced a roller coaster of fluctuations driven by FOMO, peaking at 0.45 ETH before swiftly declining to below 0.1 ETH.
Base on Paragraph (NFT) - Free Mint NFT on MintFun, with the current number of holding addresses reaching 66,326.
3.Popular DApps:
Arbitrum (DApp) - The Arbitrum community has passed a proposal with a 66.76% approval rate to "activate ARB staking" with 100 million ARB tokens (1% of ARB's total supply). The rewards will be funded by the treasury and distributed through smart contracts over 12 months.
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.
PancakeSwap (DApp) - PancakeSwap is set to launch Butter Finance, a decentralized meta-governance and yield enhancement platform based on the veCAKE model. The introduction of veCAKE will allow governance participants to gain proposal voting rights, fee claims, CAKE release control, and up to 3 times reward enhancement when providing liquidity on PancakeSwap.
4.Twitter Hot Topics:
LINK (Token) - Recently, smart money investors have been intensively buying LINK tokens. According to Ember Monitoring, a whale bought LINK tokens worth US$3.8 million at an average price of US$12.17. Previously, the same whale realized a profit of US$1.83 million from buying RLB, equating to a 380% return. Data from Nansen 2 reveals that approximately US$5.87 million of smart money flowed into LINK, according to Smart Money 24-hour Ethereum network fund inflow tracking list.
5.Regional Trending Searches:
XRP (Token) - Following Ripple's legal victory over the SEC, the pace of business progress has accelerated. The National Bank of Georgia has started a Central Bank Digital Currency (CBDC) pilot project in collaboration with the
blockchain payment company Ripple. Additionally, according to an official announcement, the Dubai Financial Services Authority (DFSA), under its GEN Rule 3A.3.4, has recognized Toncoin (TON) and Ripple (XRP), indicating a higher level of compliance for these tokens.
BLUR (Token) - Nansen indicates that NFT trading volume has steadily increased over the past five weeks, with last week's volume reaching US$129 million. In terms of NFT trading volume share, Blur has dominated the NFT market over the last 30 days. Recently, BLUR's token price has shown a positive trend, with significant trading volume on Upbit, nearing US$200 million in 24 hours. It has experienced an increase of 49% in the past week and 110% over the past month.
Main Body
Written by: Bitget Research
Data collection time: November 7, 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) - Binance's listing of Ordinals (ORDI) and the addition of a seed tag led to a surge in trading volume across the network, a short-term spike in ORDI, and a widespread surge in BRC-20 ecosystem tokens. Previously, UniSat Wallet's BRC-20 Swap went live, initially supporting 14 types of Bitcoin inscription assets (sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, zbit, vmpx, pepe, mxrc).
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, leading to a sustained surge in its price.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 380,382
New active users on ETH: 69,718, with a daily increase of 9.71%
Existing active users on ETH: 310,664, with a daily increase of 5.60%
2.1.2 New User Profile
Core data: There were a total of 69,718 new active users on ETH yesterday, with a daily increase of 9.71%
Popular Sectors
Popular Projects
BEG (Token) - A project launched by Ben.eth (@eth_ben), an influencer with 100K followers on Twitter. BEG has an on-chain liquidity of US$1.15 million, with a total 24-hour trading volume of US$4.77 million. There is a 2% transaction tax, and the contract has been renounced. Last June, Ben Armstrong from BitBoy Crypto discontinued his collaboration with Ben.eth, and BitBoy Crypto emphasized that Ben.eth no longer held any BEN tokens to clarify the separation between the two. https://www.dextools.io/app/en/ether/pair-explorer/0x7c9a17f2a77e75eb03981972733f9a6d2dd12fec
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 310,664, with a daily increase of 5.60%
Popular Sectors
Popular Projects
BLUR (Token) - Nansen indicates that NFT trading volume has steadily increased over the past five weeks, with last week's volume reaching US$129 million. In terms of NFT trading volume share, Blur has dominated the NFT market over the last 30 days. Recently, BLUR's token price has shown a positive trend, with significant trading volume on Upbit, nearing US$200 million in 24 hours. It has experienced an increase of 49% in the past week and 110% over the past month.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
IO (Token) - A memecoin with a 24-hour trading volume of US$6.26 million and 4191 on-chain transactions in the same period. It has high social media engagement, with a single tweet capable of receiving over 5K views within 24 hours. The contract has no apparent risks, with 90% of tokens in circulation, and LP tokens locked until January 5, 2024. https://www.dextools.io/app/en/ether/pair-explorer/0x0da5b1c827c85889deac80e652e17592b865295c
GROK (Token) - A memecoin themed around Musk's xAI model, GROK (On November 5, Elon Musk announced on Twitter that xAI's AI model Grok had been released, generating high topic engagement). The on-chain trading sentiment for the token is high, with over US$12 million in trading volume on the day of its TGE. Despite a 20% decline in token price today, it still maintains a 24-hour trading volume of over US$5 million. https://www.dextools.io/app/en/ether/pair-explorer/0x69c66beafb06674db41b22cfc50c34a93b8d82a2
2.2.2 Uniswap V3
RLB (Token) - A gambling project token that has seen continuous transactions by smart money recently. Yesterday, the token continued to reach new highs with a robus t price trend, and it implements a daily buyback and burn policy involving US$200,000 of its revenue.
2.3 Popular NFTs
2.3.1 Top NFT Collections
Springfield Punks (NFT) - The animated series, The Simpsons, satirized NFTs in its latest Halloween special episode. Rino Russo released an NFT collection inspired by The Simpsons called Springfield Punks and opened Free Mint. The floor price of Springfield Punks experienced a roller coaster of fluctuations driven by FOMO, peaking at 0.45 ETH before swiftly declining to below 0.1 ETH.https://opensea.io/collection/springfieldpunksofficial?tab=items
3.Blockchain Profile - BSC
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,035,689
New active users on BSC: 118,916, with a daily increase of 2.42%
Existing active users on BSC: 916,773, with a daily increase of 7.57%
3.1.2 New User Profile
Core data: There were a total of 118,916 new active users on BSC yesterday, with a daily increase of 2.42%
Popular Sectors
Popular 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.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 916,773, with a daily increase of 7.57%
Popular Sectors
Popular Projects
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 content and profit from it.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
GROK on BSC (Token) - Issued on BSC, GROK is a meme themed around Musk's xAI model, GROK. The on-chain trading sentiment for the token is high, with a 24-hour transaction volume of 24,113 and a trading volume of US$3.49 million. There is a 5% transaction tax, and the contract has been renounced. https://www.dextools.io/app/en/bnb/pair-explorer/0x0436f4d1e21e294cb1c48365322890bfcfbb8e0e
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 421,324
New active users on Polygon: 99,084, with a daily increase of 68.37%
Existing active users on Polygon: 322,240, with a daily increase of 5.57%
4.1.2 New User Profile
Core data: There were a total of 99,084 new active users on Polygon yesterday, with a daily increase of 68.37%
Popular Sectors
Popular Projects
DAI (Token) - On November 1, MakerDAO transferred US$250 million to DAI's Peg Stability Module (PSM) from Coinbase to maintain the peg of the stablecoin DAI to the US dollar. Previously, DAI's USDC reserves nearly fell below US$60 million, while a reserve of at least US$200 million is considered safe. PSM is a collateral pool that allows users to exchange USDC and DAI at a 1:1 ratio.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 322,240, with a daily increase of 5.57%
Popular Sectors
Popular Projects
KCASH (Token) - Yesterday, there was 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.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
agEUR (Token) - agEUR is a stablecoin protocol by Angle Protocol that emphasizes capital efficiency, decentralization, and over-collateralization. Recently, the Angle Transmuter product underwent voting on Snapshot. If approved, agEUR's price will no longer be tied to the EURUSD exchange rate, potentially mitigating market risks associated with USDT/USDC unpegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 127,544
New Active Users on Arbitrum: 21,668, with a daily decrease of 4.55%
Existing Active Users on Arbitrum: 105,876, with a daily decrease of 17.27%
5.1.2 New User Profile
Core data: There were a total of 21,668 new active users on Arbitrum yesterday, with a daily decrease of 4.55%
Popular Sectors
Popular Projects
Graph Protocol (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 infrastructure-focused, 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 105,876, with a daily decrease of 17.27%
Popular Sectors
Popular Projects
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.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
Recently, no popular projects have emerged on Arbitrum.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 60,741
New Active Users on Base: 9,587, with a daily decrease of 49.73%
Existing Active Users on Base: 51,154, with a daily decrease of 11.06%
6.1.2 New User Profile
Core data: There were a total of 9,587 new active users on Base yesterday, with a daily decrease of 49.73%
Popular Sectors
Popular Projects
RAI Finance (DApp) - A DeFi project recently active on the Base chain. The protocol currently has a TVL of US$961K, a trading volume of US$1.1 million, and 50,000 users. The platform offers token exchanges, NFT trading, and socia l trading. Users can create portfolios or effortlessly follow others' portfolios.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 51,154, with a daily decrease of 11.06%
Popular Sectors
Popular Projects
Base on Paragraph (NFT) - Free Mint NFT on MintFun, with the current number of holding addresses reaching 66,326. https://mint.fun/base/0x69b69CC6E9f99C62a003FD9e143C126504D49dC2
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
OpenSea, Blur (DApp) - Nansen indicates that NFT trading volume has steadily increased over the past five weeks, with the last week's volume reaching US$129 million. In terms of NFT trading volume share, Blur has dominated the NFT market over the last 30 days. The resurgence of floor prices for blue-chip NFTs, traffic from BAYC's offline events, and the significant wealth effect from the recent The Simpsons NFTs have contributed to signs of a recovery in the NFT market, which has been cool during the bearish phase. The price of BLUR has recently shown a strong uptrend, doubling over the past month.
9.DApp Ecosystem - BSC
SecondLive was described earlier in the report.
10.DApp Ecosystem - Polygon Chain
Jump.Trade (DApp) - Jump.trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic, making it an essential one to keep an eye on.
11.DApp Ecosystem - WAX Chain
The WAX ecosystem shows no significant changes, with top projects clearly dominating.
12.DApp Ecosystem - Solana Chain
The UAW fluctuations of all the projects on Solana chain are within the normal range.
13.DApp Ecosystem - Arbitrum Chain
Arbitrum (DApp) - The Arbitrum community has passed a proposal with a 66.76% approval rate to "activate ARB staking" with 100 million ARB tokens (1% of ARB's total supply). The rewards will be funded by the treasury and distributed through smart contracts over 12 months.
14.DApp Ecosystem - Base Chain
Dmail (DApp) - Dmail is the next-generation Web3-based collaboration platform, integrating messaging, assets, storage, and workspace functionalities. The project aims to radically transform traditional email services through
blockchain technology. Dmail has successfully completed its Pre-A financing round, attracting the attention of prominent investors. The funds raised will be used to advance technical development and global expansion, supporting its mission to build a decentralized email platform. Dmail seeks to bridge the gap between traditional internet users and the blockchain realm. It is an emerging decentralized email and collaboration platform developed on Dfinity.
15.DApp Ecosystem - GameFi Sector Across All Chains
BLCR (DApp) - This card battle game consists mainly of 53 playing cards. It combines blockchain, artificial intelligence, and card battle games. Periodic battle rankings and rewards are featured in the game.
16.Gas Fee Consumption - ETH Chain
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.
17.Gas Fee Consumption - BSC
PancakeSwap (DApp) - PancakeSwap is set to launch Butter Finance, a decentralized meta-governance and yield enhancement platform based on the veCAKE model. The introduction of veCAKE will allow governance participants to gain proposal voting rights, fee claims, CAKE release control, and up to 3 times reward enhancement when providing liquidity on PancakeSwap.
18.Gas Fee Consumption - Polygon Chain
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.
19.Gas Fee Consumption - Arbitrum Chain
Vertex: Endpoint (DApp) - The derivatives protocol on the Arbitrum chain, Vertex, recently announced on social media their upcoming ARB trading incentives, the protocol's native token emission plan, and an LBA token sale. According to data shared by DeFiLlama, Vertex Protocol has recently increased its TVL to US$15.72 million, with a trading volume of approximately US$434 million in the past 24 hours.
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.
21.Twitter Trends Token Top Rank
LINK (Token) - Recently, smart money investors have been intensively buying LINK tokens. According to Ember Monitoring, a whale bought LINK tokens worth US$3.8 million at an average price of US$12.17. Previously, the same whale realized a profit of US$1.83 million from buying RLB, equating to a 380% return. Data from Nansen 2 reveals that approximately US$5.87 million of smart money flowed into LINK, according to Smart Money 24-hour Ethereum network fund inflow tracking list.
22.Google Trends - Global
XRP (Token) - Following Ripple's legal victory over the SEC, the pace of business progress has accelerated. The National Bank of Georgia has started a Central Bank Digital Currency (CBDC) pilot project in collaboration with the blockchain payment company Ripple. Additionally, according to an official announcement, the Dubai Financial Services Authority (DFSA), under its GEN Rule 3A.3.4, has recognized Toncoin (TON) and Ripple (XRP), indicating a higher level of compliance for these tokens.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: kaspa, coti, hrcc
Pakistan Trends: dogecoin,
tradingview
b) Southeast Asia Region
Malaysia Trends: luno, xrp, ada
Vietnam Trends: crypto currency
Philippines Trends: xrp, pi, coinmarketcap
Indonesia Trends: luna, sushi, dct, ajaib
c) East Asia and Hong Kong, Macau, and Taiwan
Trends:
Crypto News
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trends: Crypto Bubbles
b) English-speaking Countries
Australia Trends: kadena, mdr, rlb, cro
UK Trends: pyr, ilv, btc, trias, trb
USA Trends: pyr, limewire, unibot, rlb, hilo, seedify
c) Europe
France Trends: pyr, blur, solana, tao, qnt, unibot, qi, cake
Poland Trends: shib, kraken, xrp
Switzerland Trends: grt, xrp, cro, eth
Spain Trends: pepe, oasis, gq, trb, xlm
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
South Africa Trends: ada, valr, easy
b) Middle East Trends: crypto bubbles, crypto news, okx
c) Latin America
Brazil Trends: gala, bomb, xrp, memecoin
Argentina Trends: dolar, tienda
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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