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Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels

Bitget Research
2023/08/17
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels

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:

BPD (Token) - Beautiful Princess Disorder, a project resonating with the widely spread "Princess Syndrome" culture in Western societies, has gained attention, particularly from members of the Milady community. Notably, Ben.eth has mentioned this token multiple times on Twitter, referring to it as "$BDP." In the past 24 hours, BDP has seen a trading volume of $9 million and reached a market cap of up to $6 million.
GRIFT (Token) - GRIFT KING. Sister token of BDP, GRIFT's overall market cap is one-tenth of BDP's. It has similarly gained attention from individuals like Ben.eth and other influencers. The trading volume over the past 24 hours was US$2.4 million.
BONE (Token) - Due to the launch of Shibarium L2 and congestion issues with the cross-chain bridge, BONE, utilized as the gas token for Shibarium, experienced significan t price fluctuations. The amplitude exceeded 20%, with the on- XCNUSDT"> chain trading volume in the past 24 hours reaching US$20 million.
BNB (Token) - Binance recently announced its support for the upgrade and hard fork of the BNB Smart Chain (BEP20) network, scheduled for completion on August 10th. Following this, the opBNB testnet underwent a PreContract hard fork on August 14th. With these frequent and significant updates, the BNB ecosystem is expected to enter a new development phase.
ARB (Token) - According to Spot On Chain, 553 million ARB tokens were transferred 7 hours ago from a Safe Multisig address labeled "Arbitrum: Investors ARB Vesting" to 151 unlocked contract addresses, approximately totaling US$631 million. This could potentially be a preparation for the first ARB unlock for investors scheduled for March 16, 2024. Recently, the popularity of ARB tokens is slightly weaker than OP. It's worth keeping an eye on the impact of this unlock event.

2.Popular NFTs:

Avive Genesis NFT (NFT) - Avive is a positioning protocol. It released a Genesis NFT yesterday, with 4985 holders. Avive integrates social networking with blockchain technology, and its app has already surpassed 1 million downloads on Google Play. The chain will operate using the Proof of Networking mechanism. It is essential to keep an eye on this NFT.
Bridge to Base (NFT) - Base Onchain Summer's cross-chain proof NFT. Currently, 20 million NFTs minted, with the number of holders reaching 130,000, indicating incredible popularity.

3.Popular DApps:

Shibarium (DApp) - Shiba Inu's Ethereum Layer 2 network, Shibarium, has officially launched. Applications built on this network will use BONE, TREAT, SHIB, and LEASH tokens. However, due to a network failure, transactions on Shibarium are stuck in a pending state, with over US$1.7 million locked in the cross-chain bridge. The SHIB token is also experiencing a downward trend.
Unibot (DApp) - Unibot has announced the launch of Unibot X, a unified trading terminal that surpasses the boundaries of the current Telegram product. It decouples the Web application from Telegram, enabling independent access and integrating all functionalities into Unibot X and expanding them. Influenced by this, the UNIBOT token hit a new high yesterday followed by a pullback with the broader market today, with a total 24-hour trading volume of US$11.9 million.
Venom (DApp) - The Venom Network is a Layer 0 blockchain that utilizes the Byzantine fault-tolerant consensus algorithm for block validation, creation, and network security. It employs dynamic sharding to enhance its transaction throughput and network capacity. It has obtained operational permission in the Abu Dhabi global market. The public testnet is now live and connected to the BSC network.
Playbux (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a 'Watch to Earn' feature, aimed at enabling users around the world to enjoy quality and free content. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on this project.
Socket (DApp) - Open-source software security solution Socket has completed a $20 million Series A funding round led by Andreessen Horowitz (a16z). Together with the previous US$4.6 million seed round of fundraising, Socket's total funding has reached US$24.6 million. This funding will be used to expand the Socket team and support the integration of more programming languages. Socket recently introduced a ChatGPT connector that can summarize potential issues in software packages and identify uncommon code patterns.
Friendtech (DApp) - Friend.Tech is one of the most popular applications on Base. As a SocialFi sector DApp, it tokenizes individuals by enabling users to buy and sell "shares" of people. The value of these "shares" fluctuates based on supply and demand. Buying someone’s "shares" grants owners the ability to exchange private messages with them. Essentially, it's a bet on the individual's influence.
LayerZero (DApp) - LayerZero announced the launch of its Base L2 mainnet back in July. It is currently the DApp with the highest transfer count within the Base ecosystem. Since it has not issued any tokens yet, speculative investors can use LayerZero to cross-chain to Base, increasing their interaction counts.
SuperWalk (DApp) - SuperWalk is a Move-To-Earn service based on the Klaytn blockchain that rewards users with tokens for walking. Similar to StepN, users can earn tokens by walking. The SuperWalk app has already been downloaded over 100,000 times on Google Play.
Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards, making it an essential project to follow. This project deserves attention, particularly with just one Epoch left for participation.

4.Twitter Hot Topics:

SEI (Token) - SEI launched its airdrop plan yesterday which resulted in a good level of community discussion. Users who have completed cross-chain transfers can claim their SEI rewards on the designated official website. The airdrop has attracted a high level of interest from users. Each participating user's share isn't substantial, but the selling pressure has caused the SEI token to reach its peak and then retrace. Its curren t price is US$0.193.
ARC (Token) - An AI+DeFi integrated project with fundamental support. The token has shown positive performance recently, increasing threefold within a week. The total circulating market cap is $15.14 million, with a 24-hour trading volume of $2.12 million, making it a candidate for continued observation.

5.Regional Trending Searches:

Bitcoin (Token) - The market liquidity has worsened, resulting in a cliff-like decline in the liquidity of many altcoins. Numerous altcoins might experience sharp falls or surges. Without any significant external positive stimuli, the BTC price will also gradually diverge downward. Yesterday, altcoins dropped sharply, while BTC and ETH decreased 1.6% and 1.1%, respectively, maintaining critical levels at 28,500 and 1800.

Main Body

Written by: Bitget Research
Data collection time: August 17, 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

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 0
There are no assets that stand out in terms of popularity in the BRC-20 sector. The overall asset prices have significantly declined, with the leading asset ORDI hitting a two-month low yesterday following the broader market downturn.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data
Total active users of ETH: 381,504
New active users of ETH: 70,212, with a daily decrease of 6.12%
Existing active users of ETH: 311,292, with a daily decrease of 4.84%
2.1.2 New User Profile
Core data: There were a total of 70,212 new active users on ETH yesterday, with a daily decrease of 6.12%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 1
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 2
Key Projects:
Shibarium (DApp) - Shiba Inu's Ethereum Layer 2 network, Shibarium, has officially launched. Applications built on this network will use BONE, TREAT, SHIB, and LEASH tokens. However, due to a network failure, transactions on Shibarium are stuck in a pending state, with over US$1.7 million locked in the cross-chain bridge. The SHIB token is also experiencing a downward trend.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 311,292, with a daily decrease of 4.84%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 3
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 4
Key Projects:
Unibot (DApp) - Unibot has announced the launch of Unibot X, a unified trading terminal that surpasses the boundaries of the current Telegram product. It decouples the Web application from Telegram, enabling independent access and integrating all functionalities into Unibot X and expanding them. Influenced by this, the UNIBOT token hit a new high yesterday followed by a pullback with the broader market today, with a total 24-hour trading volume of US$11.9 million.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 5
BPD (Token) - Beautiful Princess Disorder, a project resonating with the widely spread "Princess Syndrome" culture in Western societies, has gained attention, particularly from members of the Milady community. Notably, Ben.eth has mentioned this token multiple times on Twitter, referring to it as "$BDP." In the past 24 hours, BDP has seen a trading volume of $9 million and reached a market cap of up to $6 million.
GRIFT (Token) - GRIFT KING. Sister token of BDP, GRIFT's overall market cap is one-tenth of BDP's. It has similarly gained attention from individuals like Ben.eth and other influencers. The trading volume over the past 24 hours was US$2.4 million.
2.2.2 Uniswap V3
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 6
BONE (Token) - Due to the launch of Shibarium L2 and congestion issues with the cross-chain bridge, BONE, utilized as the gas token for Shibarium, experienced signific ant price fluctuations. The amplitude exceeded 20%, with the on-chain trading volume in the past 24 hours reaching US$20 million.

3.Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data
Total active users on BSC: 1,224,520
New active users on BSC: 236,122, with a daily decrease of 27.00%
Existing active users on BSC: 988,398, with a daily decrease of 4.68%
3.1.2 New User Profile
Core data: There were a total of 236,122 new active users on BSC yesterday, with a daily decrease of 27.00%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 7
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 8
Key Projects:
Venom (DApp) - The Venom Network is a Layer 0 blockchain that utilizes the Byzantine fault-tolerant consensus algorithm for block validation, creation, and network security. It employs dynamic sharding to enhance its transaction throughput and network capacity. It has obtained operational permission in the Abu Dhabi global market. The public testnet is now live and connected to the BSC network.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 988,398, with a daily decrease of 4.68%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 9
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 10
Key Projects:
Playbux (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a 'Watch to Earn' feature, aimed at enabling users around the world to enjoy quality and free content. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on this project.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 11
BNB (Token) - Binance recently announced its support for the upgrade and hard fork of the BNB Smart Chain (BEP20) network, scheduled for completion on August 10th. Following this, the opBNB testnet underwent a PreContract hard fork on August 14th. With these frequent and significant updates, the BNB ecosystem is expected to enter a new development phase.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data
Total active users on Polygon: 405,915
New active users on Polygon: 90,910, with a daily decrease of 2.94%
Existing active users on Polygon: 315,005, with a daily decrease of 6.16%
4.1.2 New User Profile
Core data: There were a total of 90,910 new active users on Polygon yesterday, with a daily decrease of 2.94%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 12
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 13
Key Projects:
Lfi (NFT) - LFi NFT is an on-chain airdrop project on Polygon. The NFTs follow the ERC-1155 standard and have been airdropped in a quantity of 200,000. The tokens have no transaction records, so caution is advised to ensure they are not irrelevant information or advertisements.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 315,005, with a daily decrease of 6.16%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 14
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 15
Key Projects:
Phi (DApp) - Philand is a social task platform based on ENS and on-chain/off-chain wallet activities, aiming to visualize on-chain identities. In mid-July, it collaborated with Gitcoin, where it also introduced new stamps, and on August 16th, it announced the launch of Ethereum Quests, which attracted some user attention.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 16
Trading volume activity for Uni V3 on Polygon is low, with no projects except mainstream tokens.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data
Arbitrum Active Users: 149,340
Arbitrum New Active Users: 25,980, with a daily decrease of 9.50%
Arbitrum Existing Active Users: 123,360, with a daily decrease of 4.16%
5.1.2 New User Profile
Core data: There were a total of 25,980 new active users on Arbitrum yesterday, with a daily decrease of 9.50%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 17
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 18
Key Projects:
Avive Genesis NFT (NFT) - Avive is a positioning protocol. It released a Genesis NFT yesterday, with 4985 holders. Avive integrates social networking with blockchain technology, and its app has already surpassed 1 million downloads on Google Play. The chain will operate using the Proof of Networking mechanism. It is essential to keep an eye on this NFT.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 123,360, with a daily decrease of 4.16%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 19
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 20
Key Projects:
Socket (DApp) - Open-source software security solution Socket has completed a $20 million Series A funding round led by Andreessen Horowitz (a16z). Together with the previous US$4.6 million seed round of fundraising, Socket's total funding has reached US$24.6 million. This funding will be used to expand the Socket team and support the integration of more programming languages. Socket recently introduced a ChatGPT connector that can summarize potential issues in software packages and identify uncommon code patterns.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 21
ARB (Token) - According to Spot On Chain, 553 million ARB tokens were transferred 7 hours ago from a Safe Multisig address labeled "Arbitrum: Investors ARB Vesting" to 151 unlocked contract addresses, approximately totaling US$631 million. This could potentially be a preparation for the first ARB unlock for investors scheduled for March 16, 2024. Recently, the popularity of ARB tokens is slightly weaker than OP. It's worth keeping an eye on the impact of this unlock event.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data
Base Active Users: 83,766
Base New Active Users: 20,438, with a daily decrease of 31.68%
Base Existing Active Users: 63,328, with a daily decrease of 7.01%
6.1.2 New User Profile
Core data: There were a total of 20,438 new active users on Base yesterday, with a daily decrease of 31.68%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 22
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 23
Key Projects:
Friendtech (DApp) - Friend.Tech is one of the most popular applications on Base. As a SocialFi sector DApp, it tokenizes individuals by enabling users to buy and sell "shares" of people. The value of these "shares" fluctuates based on supply and demand. Buying someone’s "shares" grants owners the ability to exchange private messages with them. Essentially, it's a bet on the individual's influence.
Bridge to Base (NFT) - Base Onchain Summer's cross-chain proof NFT. Currently, 20 million NFTs minted, with the number of holders reaching 130,000, indicating incredible popularity.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 63,328, with a daily decrease of 7.01%
Popular Sectors
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 24
Popular Projects
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 25
Key Projects:
LayerZero (DApp) - LayerZero announced the launch of its Base L2 mainnet back in July. It is currently the DApp with the highest transfer count within the Base ecosystem. Since it has not issued any tokens yet, speculative investors can use LayerZero to cross-chain to Base, increasing their interaction counts.

7. DApp Ecosystem - All Chains

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 26
Serious Dice (DApp) - A gambling-type mini-game platform with a very simple design. There is currently no associated information available on Twitter and other platforms, and no visitor data according to Similarweb. It is essential to observe its performance.

8.DApp Ecosystem - ETH Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 27
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.

9.DApp Ecosystem - BSC Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 28
QnA3 (DApp) - Positioned as an AI-driven Web3 knowledge sharing platform, QnA3 has been recognized as a high-potential project on BNB Chain's 6th anniversary. Currently, it boasts 33,000 followers on Twitter, has already rolled out a product, and has a point-based promotion going on. Participation can lead to potential future airdrops.

10.DApp Ecosystem - Polygon Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 29
Phi (DApp) - Philand is a social task platform based on ENS and on-chain/off-chain wallet activities, aiming to visualize on-chain identities. Currently, it is holding a joint promotion with Gitcoin, where it also introduced new stamps.

11.DApp Ecosystem - WAX Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 30
Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is a multi-chain NFT DeFi metaverse game that currently supports Ethereum, WAX, and BSC.

12.DApp Ecosystem - Solana Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 31
Chingari (DApp) - Chingari and GARI Network are short video applications and Web3 social networks. The smart currency incentives earned by content creators and consumers exist in the form of cryptocurrency, namely GARI tokens. Similar to other social networks, Chingari app users contribute by posting or participating in content, such as liking, sharing comments, following, being followed, and rewarding their favorite creators, among others.

13.DApp Ecosystem - Arbitrum Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 32
Woofi (DApp) - A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project's most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is over US$22 million, mainly formed by the staking of WOO tokens. The WOO token can now be staked across seven chains, gradually gaining increasing importance in the Arbitrum and LayerZero ecosystems.

14.DApp Ecosystem - GameFi Sector Across All Chains

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 33
SuperWalk (DApp) - SuperWalk is a Move-To-Earn service based on the Klaytn blockchain that rewards users with tokens for walking. Similar to StepN, users can earn tokens by walking. The SuperWalk app has already been downloaded over 100,000 times on Google Play.

15.Gas Fee Consumption - ETH Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 34
Shibarium Bridge (DApp) - Yesterday, the SHIB team officially announced the launch of the decentralized network, Shibarium. During its testnet phase, 21 million wallet addresses were registered, indicating high interest from the community. However, since its launch, technical issues have arisen with the Shibarium Bridge, preventing cross-chain transactions from being recorded on the blockchain. Currently, participation is not recommended. It's best to wait until the team resolves issues with the cross-chain bridge. https://watcher.guru/news/shiba-inu-officially-launches-shibarium-blockchain

16.Gas Fee Consumption - BSC Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 35
OETDaoFinance (DApp) is a platform where users engage in various operations such as staking, withdrawing, and buying points. The potential operational logic behind this could be to incentivize capital deposition through staking and reward users with the platform's native token accordingly. With no verified information on Google or Twitter, and a lack of transparency, it is currently not advisable to participate in this project.

17.Gas Fee Consumption - Polygon Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 36
CoinTool (DApp) - A blockchain tool for batch minting XEN. Given the currently low gas fees on Polygon, there remains a minor profit margin from operations. CoinTool consistently ranks at the top of the Polygon network's consumption leaderboard. The relatively low cost of minting XEN has spurred enthusiasm for batch minting XEN on the chain.

18.Gas Fee Consumption - Arbitrum Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 37
Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards, making it an essential project to follow. This project deserves attention, particularly with just one Epoch left for participation.

19.Gas Fee Consumption - Base Chain

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 38
Friend.tech (DApp) - Friend.Tech is one of the most popular applications on Base. As a SocialFi sector DApp, it tokenizes individuals by enabling users to buy and sell "shares" of people. The value of these "shares" fluctuates based on supply and demand. Buying someone’s "shares" grants owners the ability to exchange private messages with them. Essentially, it's a bet on the individual's influence.

20.Twitter Trends Token Top Rank

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 39
SEI (Token) - SEI launched its airdrop plan yesterday which resulted in a good level of community discussion. Users who have completed cross-chain transfers can claim their SEI rewards on the designated official website. The airdrop has attracted a high level of interest from users. Each participating user's share isn't substantial, but the selling pressure has caused the SEI token to reach its peak and then retrace. Its current price is US$0.193. For claiming, visit: https://app.sei.io/crosschain-airdrop
ARC (Token) - An AI+DeFi integrated project with fundamental support. The token has shown positive performance recently, increasing threefold within a week. The total circulating market cap is $15.14 million, with a 24-hour trading volume of $2.12 million, making it a candidate for continued observation. https://coinmarketcap.com/currencies/arc/

21.Google Trends - Global

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 40
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 41
Bitcoin (Token) - The market liquidity has worsened, resulting in a cliff-like decline in the liquidity of many altcoins. Numerous altcoins might experience sharp falls or surges. Without any significant external positive stimuli, the BTC price will also gradually diverge downward. Yesterday, altcoins dropped sharply, while BTC and ETH decreased 1.6% and 1.1%, respectively, maintaining critical levels at 28,500 and 1800.

22.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 42
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 43
a) South Asia Region
India Trending Keywords: ADA, Web3 Jobs, Why Crypto Market is Down
Pakistan Trending Tokens: Fear Greed Index, CMC, Litepick, Crypto Screener
b) Southeast Asia Region
Philippines Trending Tokens: BTC, AXIE, BTC, XRP
Indonesia Trending Keywords: BNB, BTC, LUNA, Crypto News, Crypto Gate
Thailand Trending Keywords: Ran Crypto, Crypto Faucet
Vietnam Trending Keywords: Crypto Bubbles, Bitfinex
c) East Asia and Hong Kong, Macau, and Taiwan
Hong Kong Trending Keywords: Crypto in Chinese
Japan Trending Keywords: Crypto Currency
South Korea Trending Keywords: Crypto News

23.Google Trends Surge - English-speaking Countries, Europe, CIS Region

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 44
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 45
a) CIS Region
Trending Keywords: Arkham, Uniswap, CMC, Crypto Bubbles
b) English-speaking Countries
Canada Trending Tokens: Trump, Unibot, BTC, XRP
USA Trending Tokens: SEI, Heretex, Pancakeswap
Australia Trending Tokens: Ben, INJ, GEMINI
UK Trending Tokens: Phantom, Celsius, SiaCoin, BLZ
c) Europe
Spain Trending Tokens: DOT, Bitcoin, Arkham, Luna
Italy Trending Tokens: Crypto Arena, Leash, Hudi
Germany Trending Tokens: Sonik, BTC, Wallstreet Meme
France Trending Tokens: Morpho, Graph, Shib
Poland Trending Tokens: Zonda
Turkey Trending Tokens and Keywords: RSI, Yuki 50, BTC, Coinpayu, Kernal

24.Google Trends Surge - Middle East, Latin America, Africa

Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 46
Bitget Research: July Report Shows Rising Inflation Risk, Crypto Market Declines with Some Altcoins Break Key Support Levels image 47
a) Africa
South Africa Trending Tokens: Altcoin, Gold, Crypto Crashing
Nigeria Trending Keywords: DCA, P2P, CMC, Crypto Faucet, Crypto Bubble
b) Middle East
Trending Keywords: Crypto Bubbles, Crypto News, Crypto Desk
c) Latin America
Brazil Trending Tokens: BTC, Solana, ADA, RAD, SHIB
Argentina Trending Tokens: NEXUS, BTC, SHIB
Mexico Trending Tokens: BTC, Ultron

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