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- Bitget Research: Fan Tokens Surge, BTC Holds Steady at $50,000
Bitget Research: Fan Tokens Surge, BTC Holds Steady at $50,000
In the past 24 hours, many new popular tokens and topics have emerged in the market, and perhaps they will be the next focus of the market.
In Summary:
1.Popular Tokens:
ligo (BRC-20 Token) - LIGO, a BRC-20 token of a Bitcoin Layer 2 protocol, implements EVM on Bitcoin L2, enhancing compatibility with Ethereum and its DeFi ecosystem while offering increased scalability and liquidity. The market cap, based on the mint cost (GAS 70-120), ranges between $7 million and $10 million. Deployed on December 3, 2023, it now has over 11k holders. Influenced by the Binance Web3 Wallet's support for BRC inscriptions, the BRC-20 sector has bucked the market trend with a slight rise.
Sora (Token) - Arkham data reveals that OpenAI released an AI product yesterday capable of converting text to video, named Sora. Influenced by this news, a memecoin with the same name was launched on the Ethereum mainnet, with a current trading volume of $11.91 million and 5293 holders. The contract includes a risk of anti-whale measures, warranting ongoing attention.
PORK (Token) - PORK has seen a 24-hour trading volume of $2.25 million. In the early stages, there was a significant wealth effect and trading demand, partly due to familiarity with the Pepe community, with some long-time Pepe holders getting FOMO over Pork. The token has a quite big liquidity pool.
NMT (Token) - NetMind AI's project token. NetMind Power provides a decentralized solution to meet the growing demand for GPUs in AI training. This platform serves as a scalable, accessible, and democratic alternative to the centralized GPU leasing model led by major tech companies. The NMT token has a maximum supply of 10 billion and plays multiple roles on the NetMind Power platform, acting as a medium for renting GPU services, rewarding GPU contributors, offering staking rewards, and implementing DAO proposals. The contract is currently a proxy contract, and it is recommended to observe with caution.
matr1x (Token) - The Web3 entertainment platform MATR1X recently unveiled a gameplay video of its highly anticipated Web3 battle royale mobile game MATR1X BATTLE, showcasing gameplay similar to PUBG Mobile and Freefire. MATR1X BATTLE features AAA-quality graphics and incorporates AI technology to create a vast entertainment world. Players engage in intense survival competition, socialize, form teams, create user-generated content (UGC), and interact within a virtual world. Additionally, assets and rights on the MATR1X platform are interoperable and mutually empowering.
PENDLE (Token) - Pendle's TVL skyrocketed after entering the LRT market, surpassing $900 million. The project's market cap has reached $280 million, with the total trading volume on the platform exceeding $1 billion, setting new records in all metrics and enjoying high popularity.
2.Popular NFTs:
Pudgy Penguins (NFT) - The NFT lending protocol Arcade announced an airdrop of ARCD tokens. Holders of selected NFT collections (Pudgy Penguins, Lil Pudgys, Sappy Seals, Bitcoin Puppets, NodeMonkes, Runecoin, Mad Lads, Tensor) have the opportunity to share 3 million ARCD tokens, which represents 3% of the total ARCD supply. According to Blur market data, the floor price of Pudgy Penguins is currently 22.65 ETH, with a 24-hour increase of 13.71%, surpassing the BAYC NFT series’ floor price of 22.55 ETH.
Layer3 CUBE (NFT) - Layer3 CUBE (Credentials to Unify Blockchain Events) is a multi-chain certification standard that authenticates digital experiences across DeFi, NFTs, gaming, and social domains. Designed for a wide range of applications, CUBE enables seamless integration and data analytics in the evolving crypto landscape.
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.
BananaGun (DApp) - The Telegram Bot project, Banana Gun, has announced that its bot service has been launched on the Solana network, with new features to be continually added following testing. Banana Gun has also established a collaboration with Jito. The project is currently in the testing phase for sniping and in-house limit order features.
TinyTap Game Events Contract (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. Animoca Brands has announced plans to purchase additional EDU tokens from the open market. Binance Labs invested $3.15 million in the Web3 education protocol Open Campus, bringing significant traffic to the Web3 education sector.
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.
SmartCat (DApp) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. The market holds strong expectations for an airdrop from SmartLayer.
Orbiter (DApp) - The Layer 2 cross-chain protocol Orbiter Finance has announced its rebranding as ZK-based Orbiter Rollup. The Orbiter Rollup will serve as an infrastructure layer for Ethereum, focusing on ultimate interoperability and improving capital efficiency. The Orbiter team plans to announce its partners and will release a beta version in the future.
LayerZero (DApp) - The cross-chain interoperability protocol LayerZero has announced the launch of its V2, with new features including universal message passing, modular security, permissionless execution, unified semantics, and V1 compatibility. It currently supports more than 20 chains, offering permissionless, censorship-resistant, and immutable interoperability.
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. DMAIL has been listed on Bitget. It is essential to stay updated on this project.
KAI-CHING (DApp) - A shopping platform on the NEAR blockchain, where users can pay with KAIC at hundreds of stores to enjoy discounts. Five smartphone providers have already integrated KAIKAINOW into their devices.
Move stake (DApp) - A multi-chain staking platform currently marked as high risk by DappRadar. Participation is not recommended.
4.Twitter Hot Topics:
There is no data for this segment today due to anomalies in the data source.
5.Regional Trending Searches:
Pixel (Token) - Pixels is a Play2Earn Web3 farming game allowing players to engage in familiar agricultural activities such as planting resources, preparing food, and trading goods. Players have the unique opportunity to own and develop individual farm plots. The project was launched on Binance Launchpool and today announced an airdrop for RON stakers, with the snapshot completed on February 8. 20 million PIXEL tokens were allocated for distribution in two phases: 10 million tokens to be distributed first, followed by the remaining 10 million tokens within a month.
Main Body
Written by: Bitget Research
Data collection time: February 18, 10:30 AM
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
ligo (BRC-20 Token) - LIGO, a BRC-20 token of a Bitcoin Layer 2 protocol, implements EVM on Bitcoin L2, enhancing compatibility with Ethereum and its DeFi ecosystem while offering increased scalability and liquidity. The market cap, based on the mint cost (GAS 70-120), ranges between $7 million and $10 million. Deployed on December 3, 2023, it now has over 11k holders. Influenced by the Binance Web3 Wallet's support for BRC inscriptions, the BRC-20 sector has bucked the market trend with a slight rise.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users on ETH: 481,143
New active users on ETH: 93,867, with a daily increase of 4.68%
Existing active users on ETH: 387,276, with a daily decrease of 1.07%
2.1.2 New User Profile
Core data: There were a total of 93,867 new active users on ETH yesterday, with a daily increase of 4.68%
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 387,276, with a daily decrease of 1.07%
Popular Sectors
Popular Projects
Key Projects:
BananaGun (DApp) - The Telegram Bot project, Banana Gun, has announced that its bot service has been launched on the Solana network, with new features to be continually added following testing. Banana Gun has also established a collaboration with Jito. The project is currently in the testing phase for sniping and in-house limit order features.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
Sora (Token) - Arkham data reveals that OpenAI released an AI product yesterday capable of converting text to video, named Sora. Influenced by this news, a memecoin with the same name was launched on the Ethereum mainnet, with a current trading volume of $11.91 million and 5293 holders. The contract includes a risk of anti-whale measures, warranting ongoing attention.
2.2.2 Uniswap V3
PORK (Token) - PORK has seen a 24-hour trading volume of $2.25 million. In the early stages, there was a significant wealth effect and trading demand, partly due to familiarity with the Pepe community, with some long-time Pepe holders getting FOMO over Pork. The token has a quite big liquidity pool.
2.3 Popular NFTs
2.3.1 Top NFT Collections
Pudgy Penguins (NFT) - The NFT lending protocol Arcade announced an airdrop of ARCD tokens. Holders of selected NFT collections (Pudgy Penguins, Lil Pudgys, Sappy Seals, Bitcoin Puppets, NodeMonkes, Runecoin, Mad Lads, Tensor) have the opportunity to share 3 million ARCD tokens, which represents 3% of the total ARCD supply. According to Blur market data, the floor price of Pudgy Penguins is currently 22.65 ETH, with a 24-hour increase of 13.71%, surpassing the BAYC NFT series’ floor price of 22.55 ETH.
3.Blockchain Profile - BSC
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,371,951
New active users on BSC: 162,466, with a daily increase of 6.16%
Existing active users on BSC: 1,209,485, with a daily increase of 8.26%
3.1.2 New User Profile
Core data: There were a total of 162,466 new active users on BSC yesterday, with a daily increase of 6.16%
Popular Sectors
Popular Projects
Key Projects:
TinyTap Game Events Contract (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. Animoca Brands has announced plans to purchase additional EDU tokens from the open market. Binance Labs invested $3.15 million in the Web3 education protocol Open Campus, bringing significant traffic to the Web3 education sector.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 1,209,485, with a daily increase of 8.26%
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
NMT (Token) - NetMind AI's project token. NetMind Power provides a decentralized solution to meet the growing demand for GPUs in AI training. This platform serves as a scalable, accessible, and democratic alternative to the centralized GPU leasing model led by major tech companies. The NMT token has a maximum supply of 10 billion and plays multiple roles on the NetMind Power platform, acting as a medium for renting GPU services, rewarding GPU contributors, offering staking rewards, and implementing DAO proposals. The contract is currently a proxy contract, and it is recommended to observe with caution.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 845,529
New active users on Polygon: 146,683, with a daily decrease of 17.29%
Existing active users on Polygon: 698,846, with a daily increase of 5.58%
4.1.2 New User Profile
Core data: There were a total of 146,683 new active users on Polygon yesterday, with a daily decrease of 17.29%
Popular Sectors
Popular Projects
Key Projects:
matr1x (Token) - The Web3 entertainment platform MATR1X recently unveiled a gameplay video of its highly anticipated Web3 battle royale mobile game MATR1X BATTLE, showcasing gameplay similar to PUBG Mobile and Freefire. MATR1X BATTLE features AAA-quality graphics and incorporates AI technology to create a vast entertainment world. Players engage in intense survival competition, socialize, form teams, create user-generated content (UGC), and interact within a virtual world. Additionally, assets and rights on the MATR1X platform are interoperable and mutually empowering.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 698,846, with a daily increase of 5.58%
Popular Sectors
Popular Projects
Key Projects:
SmartCat (DApp) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. The market holds strong expectations for an airdrop from SmartLayer.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
No new popular assets on the Polygon chain.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Total Active Users on Arbitrum: 180,218
New Active Users on Arbitrum: 31,023, with a daily increase of 6.24%
Existing Active Users on Arbitrum: 149,195, with a daily increase of 3.45%
5.1.2 New User Profile
Core data: There were a total of 31,023 new active users on Arbitrum yesterday, with a daily increase of 6.24%
Popular Sectors
Popular Projects
Key Projects:
Orbiter (DApp) - The Layer 2 cross-chain protocol Orbiter Finance has announced its rebranding as ZK-based Orbiter Rollup. The Orbiter Rollup will serve as an infrastructure layer for Ethereum, focusing on ultimate interoperability and improving capital efficiency. The Orbiter team plans to announce its partners and will release a beta version in the future.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 149,195, with a daily increase of 3.45%
Popular Sectors
Popular Projects
Key Projects:
LayerZero (DApp) - The cross-chain interoperability protocol LayerZero has announced the launch of its V2, with new features including universal message passing, modular security, permissionless execution, unified semantics, and V1 compatibility. It currently supports more than 20 chains, offering permissionless, censorship-resistant, and immutable interoperability.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
PENDLE (Token) - Pendle's TVL skyrocketed after entering the LRT market, surpassing $900 million. The project's market cap has reached $280 million, with the total trading volume on the platform exceeding $1 billion, setting new records in all metrics and enjoying high popularity.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Total Active Users on Base: 141,033
New Active Users on Base: 19,894, with a daily increase of 49.96%
Existing Active Users on Base: 121,139, with a daily increase of 44.02%
6.1.2 New User Profile
Core data: There were a total of 19,894 new active users on Base yesterday, with a daily increase of 49.96%
Popular Sectors
Popular Projects
Key Projects:
Layer3 CUBE (NFT) - Layer3 CUBE (Credentials to Unify Blockchain Events) is a multi-chain certification standard that authenticates digital experiences across DeFi, NFTs, gaming, and social domains. Designed for a wide range of applications, CUBE enables seamless integration and data analytics in the evolving crypto landscape.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 121,139, with a daily increase of 44.02%
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. DMAIL has been listed on Bitget. It is essential to stay updated on this project.
7.DApp Ecosystem - All Chains
KAI-CHING (DApp) - A shopping platform on the NEAR blockchain, where users can pay with KAIC at hundreds of stores to enjoy discounts. Five smartphone providers have already integrated KAIKAINOW into their devices.
8.DApp Ecosystem - ETH Chain
Move stake (DApp) - A multi-chain staking platform currently marked as high risk by DappRadar. Participation is not recommended.
9.DApp Ecosystem - BSC
Stargate (DApp) - 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 multiple chains (with more to come in the future). With the launch of LayerZero V2 and an upcoming token launch, ecosystem projects are positively impacted.
10.DApp Ecosystem - Polygon Chain
UAW fluctuations of all the projects are within the normal range.
11.DApp Ecosystem - Solana Chain
UAW fluctuations of all the projects are within the normal range.
12.DApp Ecosystem - Arbitrum Chain
UAW fluctuations of all the projects are within the normal range.
13.DApp Ecosystem - Base Chain
Stargate was described earlier in the report. UAW fluctuations of all the projects are within the normal range.
14.DApp Ecosystem - GameFi Sector Across All Chains
UAW fluctuations of all the projects are within the normal range.
15.Gas Fee Consumption - ETH Chain
Banana Gun (DApp) - Driven by Bitcoin's surge and the Ethereum ecosystem's resurgence, memecoins on the blockchain have seen gains. Banana Gun has achieved a historical high in daily transaction fees since February, surpassing $100,000, and reaching an all-time high in price. The current total market cap is $240 million, with an on-chain trading volume of $1.5 million.
16.Gas Fee Consumption - BSC
QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.
17.Gas Fee Consumption - Polygon Chain
Smart Cats (NFT) - An NFT project launched by SmartLayer, which has very high on-chain popularity. Users can interact with Smart Cats NFTs by feeding, cleaning, and other activities. The NFTs have a very high level of interaction.
18.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 markets into one application. It is currently the most active derivatives platform on Arbitrum.
19.Gas Fee Consumption - Base Chain
Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from Velodrome. The project's token has been listed on Coinbase.
20.Top Trending Tokens on Twitter
There is no data for this segment today due to anomalies in the data source.
21.Google Trends - Global
Pixel (Token) - Pixels is a Play2Earn Web3 farming game allowing players to engage in familiar agricultural activities such as planting resources, preparing food, and trading goods. Players have the unique opportunity to own and develop individual farm plots. The project was launched on Binance Launchpool and today announced an airdrop for RON stakers, with the snapshot completed on February 8. 20 million PIXEL tokens were allocated for distribution in two phases: 10 million tokens to be distributed first, followed by the remaining 10 million tokens within a month.
22.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trends: Bitget, Celsius, Ether
Pakistan Trends: Coinbase, Pixel, BTC
b) Southeast Asia Region
Vietnam Trends: BTC, Tradingview
Philippines Trends: Solana, AVAX, Hbar, PIXEL, BTC
Singapore Trends: BTC, AIDOGE
Indonesia Trends: XRD, Defi, Baby Doge
c) East AsiaTrends: Crypto news, Mining
23.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS RegionTrends: Crypto Bubble, News
b) English-speaking Countries
Australia Trends: Floki, SHIDO, OPSEC, AUDIUS, BTC, TRX, IOTA, ZEN
UK Trends: Celsius, BTC, Arweave, PAAI, WEN
USA Trends: Opensea, Ali, ZEN, BERA
Canada Trends: COTI, LCX, VRA, Dextools, KAS
c) Europe
France Trends: FLARE, SC, Dexscreener, JASMY, DOGI
Poland Trends: Metamask, ONDO, Celestia, MAVIA, LPT
Switzerland Trends: Polygon, KAS, Airdrop
Türkiye Trends: Casino, Coinbase, Coinmarketcap
Germany Trends: RWA, SHIB, DOGE, Aragon
Italy Trends: Livepeer, Aptos, Smog, TRX, XMR, PIXELS, GRT
Belgium Trends: Ripple
Spain Trends: Arbitrum, ADA, SMOG, INJ, RNDR, KAS, ARK
24. Google Trends Surge - Middle East, Latin America, Africa
a) Africa
South Africa Trends: BTC, KAS
Nigeria Trends: Trader, Airdrop, Sybil Meaning
b) Middle EastTrends: Binance, Coinbase, Bubbles
c) Latin America
Brazil Trends: SEI, News, LUNA, Livepeer, BTC
Argentina Trends: NEXO, ARK, ETC, PIXEL, Airdrop
Mexico Trends: Coinmarketcap
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