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Bitget Research: MEME Sector Experiences Surge, CME Bitcoin Futures Trading Volume Hits Two-Year High
Bitget Research
2023/12/05
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:
DRAG (Token) - A BRC-20 token with the Year of the Dragon concept, DRAG saw an increase of over 10x in the past 7 days. It has a daily trading volume of US$1.35 million, with 1331 transactions within 24 hours. However, the number of holders is relatively low, so it's advisable to monitor with caution.
DAWG (Token) - There's notable activity in on-chain transactions for DAWG, with a 24-hour trading volume exceeding US$3 million. The token's LP is locked, and the contract has been renounced. The token is gaining attention on social media, with a single tweet typically receiving between 5000 and 10000 views. An influencer with 47,000 followers, @TheShibLord1, mentioned DAWG.
BSSB (Token) - On November 29, Bitstable, a Bitcoin-based cross-chain DeFi protocol, announced that an unauthorized party had acquired most of the available supply during the Bitstable public sale on Bounce Finance. Bitstable will destroy 75% of the BSSB tokens involved in the fixed swap auction.
CYBERGROK (Token) - A token inspired by Cybertruck, with a 24-hour trading volume of US$2.86 million. The project has a 100% sell tax, making it a typical rug pull scheme. It is not advised to focus on this token.
LINK (Token) - LINK's trading activity has recently increased. As per recent Coinglass data, several of Grayscale's
cryptocurrency trust products have exhibited significant premiums. The premium rate for the LINK (Chainlink) Trust reached 200%. LINK token has maintained a long-standing position at the forefront of the Nansen Smart Money Inflow List.
xPet (Token) - A SocialFi project on the Arbitrum chain, with gameplay similar to Fren Pet, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Unlike Fren Pet's "main screen" gameplay, xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter. The token has been launched.
2.Popular NFTs:
Smart Cats (NFT) - A recent NFT project launched by SmartLayer, currently experiencing high popularity on the chain, with the number of holders reaching 880,000.
!fundrop Finale ID (NFT) - The NFT mint aggregator mint.fun has announced the conclusion of the !fundrop event. Currently, !fundrop Pass holders are allowed to mint !fundrop Finale IDs on Base. The attributes of these IDs are generated based on points, streaks, and level achievements. Since the commencement of !fundrop, over 513,547 people have minted the !fundrop Pass, and more than 382 ETH in rewards have been distributed.
3.Popular DApps:
ChangeNow (DApp) - This is a non-custodial cryptocurrency and
fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-
chain trading volume.
Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.
PancakeSwap (DApp) - PancakeSwap is a decentralized exchange based on the BSC. Recently, it has significantly increased its trading volume and doubled its market share with the launch of its V3 version. PancakeSwap V3 brings numerous improvements, including increased capital efficiency, reduced trader fees, enhanced rewards for liquidity providers, and an improved user experience. It has also ventured into blockchain gaming, introduced fiat channels, and expanded its Yield Farming. Furthermore, PancakeSwap plans to automate liquidity provision, introduce veCAKE for governance voting, and integrate a notification system. It also plans to increase prediction fees through multi-chain expansion, reduce the maximum supply of CAKE, restore trading competitions, and explore partnerships with asset-backed protocols and expansion into GameFi platforms.
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.
Dmail (DApp) - Dmail is a mail application based on
Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of
blockchain technology as simple and intuitive as using the internet.
QuestN (DApp) - QuestN is a task platform, formerly known as Quest3, offering over 40 types of tasks and activity templates that include both on-chain and off-chain activities. These templates are free, open to everyone, and are continuously expanding, reflecting the platform's commitment to sustainable growth in marketing for Web3 projects. QuestN's vision is to become a native advertising platform for Web3, leveraging its capabilities to enhance project visibility and community engagement.
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.
Banana Gun (DApp) - The project is a Telegram Bot that helps users trade on DEXs. BananaGun's official announcement states that the protocol's tota l trading volume has reached US$388 million, ranking second in the BOT sector. Concurrently, the on-chain trading volume for its token hit a record high of US$8.65 million in one day, yielding 28 ETH in fees.
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.
Vertex (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross-
margin trading services. It integrates spot, perpetual contracts, and money market applications. It recently completed its TGE. The platform has a 24-hour trading volume of US$1.34 billion and an open interest volume of US$22.19 million.
4.Twitter Hot Topics:
ORDI (Token) - Over the weekend, following the accelerated rise of BTC, the leading BRC-20 asset of the BTC ecosystem, ORDI, doubled in value over two days. The rise of ORDI also stimulated the growth of similar assets in the sector, indicating positive momentum in the BTC ecosystem. ORDI was listed on Bitget in May this year and has achieved an increase of more than 10x from its low point. Yesterday, ORDI reached a new ATH, breaking through US$54.
5.Regional Trending Searches:
BTC (Token) - Yesterday, BTC surpassed US$42,000 and its price is currently stabilized at around US$41,700. On-chain data shows that large whales have begun to gradually take profits. According to on-chain analyst Yujin's monitoring, an address that withdrew 6000 BTC (worth approximately US$158 million) from Binance between August 24 and September 2 at an average price of US$26,444, transferred 1000 BTC (worth US$41.46 million) back to Binance. This address still holds 3000 BTC.
Main Body
Written by: Bitget Research
Data collection time: December 5, 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)
5) In this report, the term "Entity" refers to both Contract Account (CA) and Ethereum Original Account (EOA), and is not a result of the aggregation of actual entity addresses.
1.BTC Profile - BRC-20
DRAG (Token) - A BRC-20 token with the Year of the Dragon concept, DRAG saw an increase of over 10x in the past 7 days. It has a daily trading volume of US$1.35 million, with 1331 transactions within 24 hours. However, the number of holders is relatively low, so it's advisable to monitor with caution.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 444,102
New active users on ETH: 79,218, with a daily increase of 11.06%
Existing active users on ETH: 364,884, with a daily increase of 14.59%
2.1.2 New User Profile
Core data: There were a total of 79,218 new active users on ETH yesterday, with a daily increase of 11.06%
Popular Sectors
Popular Projects
Key Projects:
ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 364,884, with a daily increase of 14.59%
Popular Sectors
Popular Projects
Key Projects:
Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
DAWG (Token) - There's notable activity in on-chain transactions for DAWG, with a 24-hour trading volume exceeding US$3 million. The token's LP is locked, and the contract has been renounced. The token is gaining attention on social media, with a single tweet typically receiving between 5000 and 10000 views. An influencer with 47,000 followers, @TheShibLord1, mentioned DAWG.
2.2.2 Uniswap V3
BSSB (Token) - On November 29, Bitstable, a Bitcoin-based cross-chain DeFi protocol, announced that an unauthorized party had acquired most of the available supply during the Bitstable public sale on Bounce Finance. Bitstable will destroy 75% of the BSSB tokens involved in the fixed swap auction.
2.3 Popular NFTs
2.3.1 Top NFT Collections
Bored Ape Yacht Club (NFT) - According to NFTPRICEFLOOR data, the trading volume for Bored Ape Yacht Club reached US$11 million yesterday, marking an increase from previous figures.
3.Blockchain Profile - BSC
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,026,898
New active users on BSC: 151,260, with a daily increase of 17.75%
Existing active users on BSC: 875,638, with a daily increase of 8.94%
3.1.2 New User Profile
Core data: There were a total of 151,260 new active users on BSC yesterday, with a daily increase of 17.75%
Popular Sectors
Popular Projects
Key Projects:
PancakeSwap (DApp) - PancakeSwap is a decentralized exchange based on the BSC. Recently, it has significantly increased its trading volume and doubled its market share with the launch of its V3 version. PancakeSwap V3 brings numerous improvements, including increased capital efficiency, reduced trader fees, enhanced rewards for liquidity providers, and an improved user experience. It has also ventured into blockchain gaming, introduced fiat channels, and expanded its Yield Farming. Furthermore, PancakeSwap plans to automate liquidity provision, introduce veCAKE for governance voting, and integrate a notification system. It also plans to increase prediction fees through multi-chain expansion, reduce the maximum supply of CAKE, restore trading competitions, and explore partnerships with asset-backed protocols and expansion into GameFi platforms.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 875,638, with a daily increase of 8.94%
Popular Sectors
Popular Projects
Key Projects:
PlaybuxQuest (DApp) - Playbux is a project that combines e-commerce with a metaverse platform. It offers a store and profit system that allows users to shop from global merchants and earn cashback rewards. The platform aims to integrate existing exchanges, lending platforms, and NFTs so customers can access all services in one place. By leveraging mobile accessibility, Playbux positions itself as the most accessible metaverse where users can earn Playbux tokens by receiving cashback on any purchase.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
CYBERGROK (Token) - A token inspired by Cybertruck, with a 24-hour trading volume of US$2.86 million. The project has a 100% sell tax, making it a typical rug pull scheme. It is not advised to focus on this token.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 402,457
New active users on Polygon: 63,135, with a daily increase of 9.08%
Existing active users on Polygon: 339,322, with a daily increase of 4.82%
4.1.2 New User Profile
Core data: There were a total of 63,135 new active users on Polygon yesterday, with a daily increase of 9.08%
Popular Sectors
Popular Projects
Key Projects:
On the Polygon chain, the majority of transactions are primarily inscription trades dominated by POLS.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 339,322, with a daily increase of 4.82%
Popular Sectors
Popular Projects
Key Projects:
Smart Cats (NFT) - A recent NFT project launched by SmartLayer, currently experiencing high popularity on the chain, with the number of holders reaching 880,000.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
LINK (Token) - LINK's trading activity has recently increased. As per recent Coinglass data, several of Grayscale's cryptocurrency trust products have exhibited significant premiums. The premium rate for the LINK (Chainlink) Trust reached 200%. LINK token has maintained a long-standing position at the forefront of the Nansen Smart Money Inflow List.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 134,248
New Active Users on Arbitrum: 22,968, with a daily increase of 6.42%
Existing Active Users on Arbitrum: 111,280, with a daily decrease of 11.87%
5.1.2 New User Profile
Core data: There were a total of 22,968 new active users on Arbitrum yesterday, with a daily increase of 6.42%
Popular Sectors
Popular Projects
Key Projects:
xPet (Token) - A SocialFi project on the Arbitrum chain, with gameplay similar to Fren Pet, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Unlike Fren Pet's "main screen" gameplay, xPET operates through a browser plugin, enabling greater interaction possibilities with Twitter. The token has been launched.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 111,280, with a daily decrease of 11.87%
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.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
Pendle (Token) - As per Bitget market data, PENDLE's price has risen, breaking through US$1.20 and is currently quoted at US$1.28. It has increased by 20% in the past two days.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 59,865
New Active Users on Base: 11,562, with a daily decrease of 6.89%
Existing Active Users on Base: 48,303, with a daily decrease of 22.29%
6.1.2 New User Profile
Core data: There were a total of 11,562 new active users on Base yesterday, with a daily decrease of 6.89%
Popular Sectors
Popular Projects
Key Projects:
!fundrop Finale ID (NFT) - The NFT mint aggregator mint.fun has announced the conclusion of the !fundrop event. Currently, !fundrop Pass holders are allowed to mint !fundrop Finale IDs on Base. The attributes of these IDs are generated based on points, streaks, and level achievements. Since the commencement of !fundrop, over 513,547 people have minted the !fundrop Pass, and more than 382 ETH in rewards have been distributed.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 48,303, with a daily decrease of 22.29%
Popular Sectors
Popular Projects
Key Projects:
Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.
7. DApp Ecosystem - All Chains
KAI-CHING (DApp) - A Web3 shopping website on the Near chain. According to data statistics, it currently has a high number of weekly active users.
8.DApp Ecosystem - ETH Chain
The UAW of each project remains within the normal range.
9.DApp Ecosystem - BSC
The UAW of each project remains within the normal range.
10.DApp Ecosystem - Polygon Chain
QuestN (DApp) - QuestN is a task platform, formerly known as Quest3, offering over 40 types of tasks and activity templates that include both on-chain and off-chain activities. These templates are free, open to everyone, and are continuously expanding, reflecting the platform's commitment to sustainable growth in marketing for Web3 projects. QuestN's vision is to become a native advertising platform for Web3, leveraging its capabilities to enhance project visibility and community engagement.
11.DApp Ecosystem - WAX Chain
Neftyblocks (DApp) - Neftyblocks is a free service that enables artists to easily manage their collections on the Wax chain. It's built on the AtomicHub marketplace and adheres to the most widely used EOSIO NFT standard. It's also an NFT marketplace, currently operating on the Wax chain, with no special promotions recently.
12.DApp Ecosystem - Solana Chain
The UAW of each project remains within the normal range.
13.DApp Ecosystem - Arbitrum Chain
The UAW of each project remains within the normal range.
14.DApp Ecosystem - Base Chain
The UAW of each project remains 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
Banana Gun (DApp) - The project is a Telegram Bot that helps users trade on DEXs. BananaGun's official announcement states that the protocol's total trading volume has reached US$388 million, ranking second in the BOT sector. Concurrently, the on-chain trading volume for its token hit a record high of US$8.65 million in one day, yielding 28 ETH in fees.
17.Gas Fee Consumption - BSC
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.
18.Gas Fee Consumption - Polygon Chain
CoinTool (DApp) - A renowned on-chain toolbox extensively utilized on the Polygon network. Its XEN Batch Minter feature assists users in batch minting XEN tokens.
19.Gas Fee Consumption - Arbitrum Chain
Vertex (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross-margin trading services. It integrates spot, perpetual contracts, and money market applications. It recently completed its TGE. The platform has a 24-hour trading volume of US$1.34 billion and an open interest volume of US$22.19 million.
20.Gas Fee Consumption - Base Chain
Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.
21.Top Trending Tokens on Twitter
ORDI (Token) - Over the weekend, following the accelerated rise of BTC, the leading BRC-20 asset of the BTC ecosystem, ORDI, doubled in value over two days. The rise of ORDI also stimulated the growth of similar assets in the sector, indicating positive momentum in the BTC ecosystem. ORDI was listed on Bitget in May this year and has achieved an increase of more than 10x from its low point. Yesterday, ORDI reached a new ATH, breaking through US$54.
22.Google Trends - Global
BTC (Token) - Yesterday, BTC surpassed US$42,000 and its price is currently stabilized at around US$41,700. On-chain data shows that large whales have begun to gradually take profits. According to on-chain analyst Yujin's monitoring, an address that withdrew 6000 BTC (worth approximately US$158 million) from Binance between August 24 and September 2 at an average price of US$26,444, transferred 1000 BTC (worth US$41.46 million) back to Binance. This address still holds 3000 BTC.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: luna, perl, xrp, super
Pakistan Trends: fear and greed index crypto, eth, is
crypto trading halal
b) Southeast Asia Region
Malaysia Trends: luno, shib, btc
Thailand Trends: btc, coinmarketcap
Singapore Trends: tia, btc, luna, lunc, eth
c) East Asia and Hong Kong, Macau, and Taiwan
Trends: crypto etf
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region
Trends: crypto bubbles, eos crypto
b) English-speaking Countries
Australia Trends: bigtime, super, kas, ubt, xrp, sand
UK Trends: pendle, aurora, titanx, luna
USA Trends: aurora, nxra, stacks, energi
Canada Trends: qnt, super, gala, shib
c) Europe
France Trends: bigtime, kujira, aion, mana, aeur, bfm, stx, ubx
Poland Trends: kaspa, icp, eth, xrp, avax
Switzerland Trends: btc, eth, pepe, eth, luna, tia
Turkey Trends: rsi heatmap crypto, binance tr, paribu
Germany Trends: algo, shib, bit, ada
Italy Trends: mana, aurora, lfi
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
South Africa Trends: valr, eth, coinbase, tron
Nigeria Trends: coingecko, mmmkrypto, btc
b) Middle East
UAE Trends: btc, iota, sol
c) Latin America
Brazil Trends: luna, radix, lunc, beam
Argentina Trends: luna, axs, shib, slp, cake, ordi
Reference Links
-
Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
-
Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview
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