Bitget Research: USDT Total Circulating Market Cap Rises to $100 Billion, Meme Sector Continues to Surge

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:

PEPE (Token) - PEPE continues to lead the memecoin market with a 24-hour gain of over 50%, setting a new all-time high. Centralized exchanges and on-chain memecoins have seen a surge in trading activity, with traditional leading meme projects like Dogecoin and Shiba experiencing substantial spikes in volume. The community predicts PEPE's total market cap might surpass $10 billion, warranting continued attention.

TRUMP (Token) - A memecoin on the Ethereum chain themed around the former U.S. President, Donald Trump. As the 2024 U.S. presidential election approaches, some funds on the chain have started to hype the prospect of Trump being re-elected. The project will donate trading profits to Trump's campaign, making it quite prominent. With a 24-hour trading volume of $12 million, the token is generating high interest and is worth continued attention.

RFKJ (Token) - Independence Token. A memecoin created to support the independent candidate Robert Kennedy, Jr. for the U.S. presidential election. The token is deployed on the Ethereum chain, and its BSC version has reached zero value. Given the current memecoin season and the occurrence of numerous meme rug pulls, it is advised to verify the authenticity of the tokens before trading.

PENDLE (Token) - The DeFi yield trading platform Pendle's total TVL has surpassed $2 billion, reaching a historical high, with its token also hitting an all-time high. The latest USDe stablecoin protocol, Ethena Labs, has launched the second phase of its Shard Campaign on Tuesday 8:00 AM (UTC-5), with a new partnership to support Pendle.

2.Popular NFTs:

Node Monkes (NFT) - A PFP NFT collection based on the Ordinals protocol within the Bitcoin ecosystem. Recently, NodeMonkes Honoraries' NFTs were auctioned at Sotheby's, generating 38 bids and valued at $6500. This promotional strategy has brought significant traffic to the project, with its NFTs experiencing increased trading volume and wealth effects on MagicEden recently.

Matr1x Pioneer Badge (NFT) - The Matr1x Pioneer Badge Collection was issued to celebrate the participants of the MAX Score airdrop promotion. Basic badges are awarded to all users who participate in the promotion, symbolizing active participation in the Matr1x community. Premium badges are awarded to those who make exceptional contributions. Matr1x Pioneer Badges will be redeemable for a mystery reward at the promotion's conclusion. There are currently 232,000 holders.

3.Popular DApps:

Blast (DApp) - The Blast mainnet is now live, and the chain's TVL has surpassed $2.2 billion. According to Aevo market data, the futures price of BLAST is currently $5.73. Staked assets can now be migrated to the Blast mainnet. Due to the market enthusiasm and the rise in Ethereum mainnet gas fees, the cost of migration is currently high, with on-chain transaction fees at $50 per transaction. Consider bridging when conditions are favorable.

Polyhedra (DApp) - Polyhedra Network is building the next-generation infrastructure for Web3 interoperability through advanced zero-knowledge proof (ZKP) technology. Using deVirgo, Polyhedra Network has designed and implemented zkBridge, providing a trustless and efficient infrastructure for cross-chain interoperability. zkBridge utilizes ZKP technology, allowing the prover to efficiently prove to the receiving chain that a certain state transition has occurred on the sending chain.

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.

Lens (DApp) - Lens Protocol is a composable decentralized social graph protocol launched by the Aave team. Yesterday, the protocol announced its transition to a permissionless stage, granting users ownership over their data, social graphs, and the relationships and content they create, facilitating decentralized connections between individuals. The project is worth following as it has not yet issued its token. Interacting early to seek airdrop opportunities is advisable.

Owlto Finance (DApp) - A decentralized cross-chain/rollup bridge, Owlto Finance offers secure, fast, and convenient services to the community. The project has recently become compatible with the Blast chain, providing cross-chain services for it. The project has not yet issued its token, offering an opportunity to interact early.

Rhinofi (DApp) - Since its launch in 2020, StarkEx has processed over 265 million transactions and minted more than 80 million NFTs. Applications or solutions powered by StarkEx include Immutable, Sorare, dYdX, Rhinofi, and Myria.

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 and recently received investment from Base, performing well in the secondary market. It is worth keeping an eye on the token.

Uniswap (DApp) - The Uniswap community has initiated a temperature check vote for the "Activate Uniswap Protocol Governance" proposal, currently with a 100% support rate. The temperature check vote will end on March 7, and the on-chain voting will be published on March 8. Influenced by the proposal, UNI briefly surpassed $13.5 USDT, reaching a new short-term high.

QORPO World (DApp) - QORPO World has developed a variety of top-tier games, including the highly acclaimed hero shooter game Citizen Conflict, and the upcoming creature extraction shooter game AneeMate. All games are built by industry experts using Unreal Engine 5. It gained significant attention shortly after the announcement of its token being listed on Kucoin.

4.Twitter Hot Topics:

Solchat (Token) - This project is one of the recently popular projects on the Solana chain, primarily addressing communication software issues in the crypto space. It enables crypto users to chat and make voice calls through decentralized and privacy-protecting methods. The project has also caught the attention of Solana co-founder Toly.

Golem (Token) - Golem is a decentralized computing power marketplace that allows anyone to share and aggregate computing resources by creating a network of shared resources. Golem offers scenarios for computing power leasing. The latest announcement from the project indicates the official launch of the GPU Beta Testing Program, expanding a new batch of Beta testers, which is positive for GLM token holders.

5.Regional Trending Searches:

DGI (Token) - The project has revealed it is testing an AI gaming launchpad capable of quickly creating mini-games or game equipment. Following the announcement, the token's price increased rapidly, doubling in value yesterday. At the end of February, the project significantly ramped up its PR efforts, with coverage from Yahoo Finance, Business Insider, and Trading View.

Main Body

Written by: Bitget Research

Data collection time: March 4, 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

MMSS (Token) - Targeting the youth art community, this project's token has been minted out, with a current 24-hour trading volume of approximately $1.9 million. It recently issued a BTC asset under the Ordinals protocol. The project demonstrates sustainable operational capacity, making it essential to stay updated.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 506,128

New active users on ETH: 102,974, with a daily decrease of 7.76%

Existing active users on ETH: 403,154, with a daily increase of 1.81%

2.1.2 New User Profile

Core data: There were a total of 102,974 new active users on ETH yesterday, with a daily decrease of 7.76%

Popular Sectors

Popular Projects

Key Projects:

PEPE (Token) - PEPE continues to lead the memecoin market with a 24-hour gain of over 50%, setting a new all-time high. Centralized exchanges and on-chain memecoins have seen a surge in trading activity, with traditional leading meme projects like Dogecoin and Shiba experiencing substantial spikes in volume. The community predicts PEPE's total market cap might surpass $10 billion, warranting continued attention.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 403,154, with a daily increase of 1.81%

Popular Sectors

Popular Projects

Key Projects:

Blast (DApp) - The Blast mainnet is now live, and the chain's TVL has surpassed $2.2 billion. According to Aevo market data, the futures price of BLAST is currently $5.73. Staked assets can now be migrated to the Blast mainnet. Due to the market enthusiasm and the rise in Ethereum mainnet gas fees, the cost of migration is currently high, with on-chain transaction fees at $50 per transaction. Consider bridging when conditions are favorable.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

TRUMP (Token) - A memecoin on the Ethereum chain themed around the former U.S. President, Donald Trump. As the 2024 U.S. presidential election approaches, some funds on the chain have started to hype the prospect of Trump being re-elected. The project will donate trading profits to Trump's campaign, making it quite prominent. With a 24-hour trading volume of $12 million, the token is generating high interest and is worth continued attention.

2.2.2 Uniswap V3

GLM (Token) - Golem is a decentralized computing power marketplace that allows anyone to share and aggregate computing resources by creating a network of shared resources. Golem offers scenarios for computing power leasing. The latest announcement from the project indicates the official launch of the GPU Beta Testing Program, expanding a new batch of Beta testers, which is positive for GLM token holders. GLM has shown a positive trend recently and is worth continued attention.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Node Monkes (NFT) - A PFP NFT collection based on the Ordinals protocol within the Bitcoin ecosystem. Recently, NodeMonkes Honoraries' NFTs were auctioned at Sotheby's, generating 38 bids and valued at $6500. This promotional strategy has brought significant traffic to the project, with its NFTs experiencing increased trading volume and wealth effects on MagicEden recently.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,400,383

New active users on BSC: 222,600, with a daily decrease of 0.75%

Existing active users on BSC: 1,177,783, with a daily decrease of 2.17%

3.1.2 New User Profile

Core data: There were a total of 222,600 new active users on BSC yesterday, with a daily decrease of 0.75%

Popular Sectors

Popular Projects

Key Projects:

Polyhedra (DApp) - Polyhedra Network is building the next-generation infrastructure for Web3 interoperability through advanced zero-knowledge proof (ZKP) technology. Using deVirgo, Polyhedra Network has designed and implemented zkBridge, providing a trustless and efficient infrastructure for cross-chain interoperability. zkBridge utilizes ZKP technology, allowing the prover to efficiently prove to the receiving chain that a certain state transition has occurred on the sending chain.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,177,783, with a daily decrease of 2.17%

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

RFKJ (Token) - Independence Token. A memecoin created to support the independent candidate Robert Kennedy, Jr. for the U.S. presidential election. The token is deployed on the Ethereum chain, and its BSC version has reached zero value. Given the current memecoin season and the occurrence of numerous meme rug pulls, it is advised to verify the authenticity of the tokens before trading.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 1,129,264

New active users on Polygon: 107,472, with a daily decrease of 4.15%

Existing active users on Polygon: 1,021,792, with a daily decrease of 7.65%

4.1.2 New User Profile

Core data: There were a total of 107,472 new active users on Polygon yesterday, with a daily decrease of 4.15%

Popular Sectors

Popular Projects

Key Projects:

Matr1x Pioneer Badge (NFT) - The Matr1x Pioneer Badge Collection was issued to celebrate the participants of the MAX Score airdrop promotion. Basic badges are awarded to all users who participate in the promotion, symbolizing active participation in the Matr1x community. Premium badges are awarded to those who make exceptional contributions. Matr1x Pioneer Badges will be redeemable for a mystery reward at the promotion's conclusion. There are currently 232,000 holders.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 1,021,792, with a daily decrease of 7.65%

Popular Sectors

Popular Projects

Key Projects:

Lens (DApp) - Lens Protocol is a composable decentralized social graph protocol launched by the Aave team. Yesterday, the protocol announced its transition to a permissionless stage, granting users ownership over their data, social graphs, and the relationships and content they create, facilitating decentralized connections between individuals. The project is worth following as it has not yet issued its token. Interacting early to seek airdrop opportunities is advisable.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

There are no new popular tokens on Polygon DEXes.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 182,104

New Active Users on Arbitrum: 36,409, with a daily increase of 8.03%

Existing Active Users on Arbitrum: 145,695, with a daily increase of 0.93%

5.1.2 New User Profile

Core data: There were a total of 36,409 new active users on Arbitrum yesterday, with a daily increase of 8.03%

Popular Sectors

Popular Projects

Key Projects:

Owlto Finance (DApp) - A decentralized cross-chain/rollup bridge, Owlto Finance offers secure, fast, and convenient services to the community. The project has recently become compatible with the Blast chain, providing cross-chain services for it. The project has not yet issued its token, offering an opportunity to interact early.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 145,695, with a daily increase of 0.93%

Popular Sectors

Popular Projects

Key Projects:

Rhinofi (DApp) - Since its launch in 2020, StarkEx has processed over 265 million transactions and minted more than 80 million NFTs. Applications or solutions powered by StarkEx include Immutable, Sorare, dYdX, Rhinofi, and Myria.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) - The DeFi yield trading platform Pendle's total TVL has surpassed $2 billion, reaching a historical high, with its token also hitting an all-time high. The latest USDe stablecoin protocol, Ethena Labs, has launched the second phase of its Shard Campaign on Tuesday 8:00 AM (UTC-5), with a new partnership to support Pendle.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 98,322

New Active Users on Base: 18,643, with a daily increase of 0.23%

Existing Active Users on Base: 79,679, with a daily decrease of 2.97%

6.1.2 New User Profile

Core data: There were a total of 18,643 new active users on Base yesterday, with a daily increase of 0.23%

Popular Sectors

Popular Projects

Key Projects:

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 and recently received investment from Base, performing well in the secondary market. It is worth keeping an eye on the token.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 79,679, with a daily decrease of 2.97%

Popular Sectors

Popular Projects

Key Projects:

Uniswap (DApp) - The Uniswap community has initiated a temperature check vote for the "Activate Uniswap Protocol Governance" proposal, currently with a 100% support rate. The temperature check vote will end on March 7, and the on-chain voting will be published on March 8. Influenced by the proposal, UNI briefly surpassed $13.5 USDT, reaching a new short-term high.

7.DApp Ecosystem - All Chains

CARV (DApp) - CARV is an AI-powered super app focused on socializing, authenticating, and publishing within gaming. It enables users to self-verify ownership, role actions, social connections, or past experiences as credentials. The platform builds reputation through consented zero-party data. CARV is a user-centric platform, offering true data autonomy, where users can control and monetize their identity and data.

8.DApp Ecosystem - ETH Chain

0x Protocol (DApp) - The 0x protocol is an open-source and decentralized trading protocol based on Ethereum, enabling users to trade Ethereum tokens (ERC-20) and non-fungible tokens (NFTs, i.e., ERC-721 tokens) quickly and securely across different decentralized exchanges. Its main role is to offer a standardized platform that enables developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

9.DApp Ecosystem - BSC

NFPrompt (DApp) - NFPrompt (NFP) is an AI-driven platform for user-generated content, focusing on Web3 creators. It is one of the projects incubated in the sixth season of Binance Labs and was launched in June this year. The platform enables users to generate various types of content using AI tools (AI-generated content, AIGC). It also provides a marketplace for trading AIGC works and their associated command words (Prompt).

10.DApp Ecosystem - Polygon Chain

QORPO World (DApp) - QORPO World has developed a variety of top-tier games, including the highly acclaimed hero shooter game Citizen Conflict, and the upcoming creature extraction shooter game AneeMate. All games are built by industry experts using Unreal Engine 5. It gained significant attention shortly after the announcement of its token being listed on Kucoin.

11.DApp Ecosystem - Solana Chain

Kamino (DApp) - Kamino is an automated liquidity solution based on the Concentrated Liquidity Market Maker (CLMM) mechanism. Liquidity providers (LPs) looking to improve capital efficiency can utilize Kamino's automated market-making pools to enhance their anticipated fee and return yields. Kamino is incubated by the Hubble Protocol.

12.DApp Ecosystem - Arbitrum Chain

Radiant (DApp) - Radiant Capital (RDNT) is an advanced decentralized finance (DeFi) project positioned as a safe and comprehensive cross-chain monetary market. It allows users to borrow and lend multiple assets on different blockchains, including Arbitrum and Binance Smart Chain, using cutting-edge technologies such as Layer Zero for seamless interoperability.

13.DApp Ecosystem - Base Chain

Bungee (DApp) - Bungee serves as a bridge aggregator, akin to the functionalities of 1Inch or Paraswap for cross-chain swapping. By integrating DEXes and DEX aggregators, it offers users a simple and efficient means of conducting cross-chain swaps.

14.DApp Ecosystem - GameFi Sector Across All Chains

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. It enhances social interaction and engagement and allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

15.Gas Fee Consumption - ETH Chain

zkSync Era (DApp) - As the crypto market gradually heats up, the TVL of the prominent zkRollup project, zkSync, continues to rise. This indicates that many users believe the zkSync snapshot has yet to start, which also represents high market anticipation for the zkSync token.

16.Gas Fee Consumption - BSC

BloXroute (DApp) - BloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete u-turn. It announced that it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. It is reported that BloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

17.Gas Fee Consumption - Polygon Chain

Matr1x Pioneer Badge (NFT) - The Matr1x Pioneer Badge Collection was issued to celebrate the participants of the MAX Score airdrop promotion. Basic badges are awarded to all users who participate in the promotion, symbolizing active participation in the Matr1x community. Premium badges are awarded to those who make exceptional contributions. Matr1x Pioneer Badges will be redeemable for a mystery reward at the promotion's conclusion. There are currently 232,000 holders.

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 futures, and money markets into one application. It is currently the most active derivatives platform on Arbitrum.

19.Gas Fee Consumption - Base Chain

Aerodrome Finance (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 Projects on Twitter

Solchat (Token) - This project is one of the recently popular projects on the Solana chain, primarily addressing communication software issues in the crypto space. It enables crypto users to chat and make voice calls through decentralized and privacy-protecting methods. The project has also caught the attention of Solana co-founder Toly.

Golem (GLM) - Golem is a decentralized computing power marketplace that allows anyone to share and aggregate computing resources by creating a network of shared resources. Golem offers scenarios for computing power leasing. The latest announcement from the project indicates the official launch of the GPU Beta Testing Program, expanding a new batch of Beta testers, which is positive for GLM token holders.

21.Google Trends - Global

DGI (Token) - The project has revealed it is testing an AI gaming launchpad capable of quickly creating mini-games or game equipment. Following the announcement, the token's price increased rapidly, doubling in value yesterday. At the end of February, the project significantly ramped up its PR efforts, with coverage from Yahoo Finance, Business Insider, and Trading View.

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

a) South Asia Region

India Trends: Golem, SLP, GMX, bitcoin

Pakistan Trends: mono, bitcoin, coingecko

b) Southeast Asia Region

Vietnam Trends: velocore, icp, dca, pixel

Philippines Trends: beam, bitget, axs, flocki, wen

Thailand Trends: pepe, luna, metamask, coingecko

Indonesia Trends: slp, eos, ong, baby doge

Singapore Trends: dogecoin, rwa crypto, btc, pyth, axgt

c) East Asia

South Korea Trends: crypto trading bot, akademi

Japan Trends: blast, hivemapper, bubble crypto

China Trends: crypto bubbles

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

a) CIS RegionTrends: Arkham, Wen, blast, shiba inu

b) English-speaking Countries

Australia Trends: Solana, NGS, monad, taiko, axie

UK Trends: ankr, golem, dgi, xyp, jasmy

USA Trends: myria, slp, ftm, xyp, wen, maga

Canada Trends: dgi, trump, kas, pyth

c) Europe

France Trends: tada, smh, dcr, glm, slp, ar

Poland Trends: manta, portal, blast, robinhood

Switzerland Trends: dogecoin, jupiter, grt, celo, dot, avalanche

Türkiye Trends: pepe, stan, bitcoin

Germany Trends: golem, trading bots crypto, phantom

Italy Trends: xyo, slp, golem, theta, blast

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

a) Africa

South Africa Trends: blast, aleph

b) Middle EastTrends: bitcoin, solana, pepe

c) Latin America

Brazil Trends: dmt, polkadot, gala, spell, golem

Argentina Trends: floki, gala, kaspa, pepe

Mexico Trends: wif, pepe, floki, tron

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