Bitget Research: Bitcoin Experiences Significant Price Volatility, Ethereum Dencun Upgrade Set for Activation on March 13

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:

PYTH (Token) - South Korean exchanges Upbit and Bithumb announced they will list PYTH, leading to a substantial increase in the token's price. Pyth Network continues to expand its product offerings and project development, recently launching a price feed service on Hedera.

FLOKI (Token) - DWF Labs announced a $10 million investment to buy FLOKI tokens, supporting the development of the Floki ecosystem. Following the announcement, the price of FLOKI tokens briefly surged by more than 10%. Floki first announced its partnership with DWF Labs in May 2023, during which DWF Labs bought $5 million worth of FLOKI tokens.

PEPE (Token) - Last year's hottest memecoin, PEPE, has reemerged after nearly a year of dormancy, revitalized by the broader crypto market's uptick in activity. The memecoin sector experienced a general rebound yesterday, with PEPE leading the way with an increase of approximately 23.75%.

DZHV (Token) - DizzyHavoc is an upgradable ERC-20 protocol. Currently, its market capitalization is at $10 million, with a liquidity pool of $630,000, 2.1k holders, a 24-hour trading volume of $17 million, and 6.2k transactions over the same period. The community interest in the token is notably high.

GPT (Token) - The token for the QnA3.AI project, which has already completed its TGE. QnA3 is an AI-driven, comprehensive Web3 knowledge engine and a trading gateway, making it a prominent Web3 DApp within the trending AI sector.

FIRE (Token) - Matri1x is a global Web3 entertainment platform designed to integrate a collection of games, NFT art, Esports, web novels, and community. MATR1X FIRE is the first mobile shooting game in the metaverse and the inaugural game on the Matri1x platform. FIRE serves as the utility token for MATR1X FIRE.

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:

Milady Maker (NFT) - The prominent NFT project Milady has recently seen a price rebound. Milady is an NFT project characterized by its strong community style, diverse features, and robust Alpha properties, making it a project of interest among crypto community enthusiasts.

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 Launch Bridge (DApp) - Blast has announced its mainnet will launch on February 29. The total value of assets held in the Blast contract addresses has surpassed $2.1 billion, currently at $2,142,296,013. Of this, approximately $1.96 billion worth of ETH has been deposited into the Lido protocol, while over 167 million DAI has been deposited into the Maker protocol.

Orbiter Finance (DApp) - The cross-chain bridge project Orbiter Finance has announced on X that it will launch its native token this year as a gesture of gratitude to its loyal community. The project also stated that it will gradually unveil the tokenomics and distribution plan, ensuring a fair process. The O-Points program will play a crucial role in establishing airdrop rules.

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.

StarryNift (DApp) - StarryNift is a gamified NFT platform and a one-stop shop that offers creation, incubation, auction, and trading for NFT collections. The vision of StarryNift is to create a gamified 3D virtual world, opening new avenues for creators, collectors, and investors to explore a virtual realm that combines games, art, DeFi, and NFTs. The project announced its tokenomics last December, with plans for a token launch.

Matr1x Fire (DApp) - Matri1x is a global Web3 entertainment platform designed to integrate a collection of games, NFT art, Esports, web novels, and community. MATR1X FIRE is the first mobile shooting game in the metaverse and the inaugural game on the Matri1x platform.

Magic Eden (DApp) - Magic Eden has launched an Ethereum marketplace in collaboration with Yuga Labs. To celebrate the launch of Magic Eden's Ethereum marketplace, Yuga Labs co-founder announced a 69-day royalty reduction promotion.

Trader Joe (DApp) - Trader Joe is a decentralized exchange (DEX) based on the Avalanche blockchain, offering a range of decentralized finance (DeFi) services, including token swapping, liquidity mining, staking, lending, and an NFT marketplace. Since its launch in 2021, the platform has rapidly attracted growth and become one of the key DEXs within the Avalanche ecosystem. What sets Trader Joe apart is its focus not only on AVAX trading but also on a suite of services such as lending and borrowing, liquidity pools, margin trading, yield farming, NFTs, staking, and a launchpad. This positions Trader Joe as one of the most comprehensive DEXs in the DeFi space.

Pixels (DApp) - 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 has airdropped tokens to RON stakers and is now listed on major exchanges.

4.Twitter Hot Topics:

Taiko (DApp) - Taiko is a decentralized ZK-EVM equivalent and universal ZK-Rollup for Ethereum, facilitating easy deployment of DApps to L2 while inheriting Ethereum's security. It has raised $22 million in funding with investments from HongShan, Generative Ventures, GSR, among others. The market has strong airdrop expectations for Taiko.

Nibiru Chain (DApp) - Nibiru is a Layer 1 blockchain and financial hub integrating leveraged derivative trading, spot trading, staking, and bonding curve liquidity into a seamless user experience. Nibiru Points promotion require participants like and retweet the tweets by Nibiru’s account on Twitter. Users eager for airdrops increase their points by retweeting, significantly boosting the project's visibility on platforms such as Twitter.

Magic Eden (DApp) - Magic Eden has launched an Ethereum marketplace in collaboration with Yuga Labs. To celebrate the launch of Magic Eden's Ethereum marketplace, Yuga Labs co-founder announced a 69-day royalty reduction promotion.

5.Regional Trending Searches:

PYTH (Token) - South Korean exchanges Upbit and Bithumb announced they will list PYTH, leading to a substantial increase in the token's price. Pyth Network continues to expand its product offerings and project development, recently launching a price feed service on Hedera.

FLOKI (Token) - DWF Labs announced a $10 million investment to buy FLOKI tokens, supporting the development of the Floki ecosystem. Following the announcement, the price of FLOKI tokens briefly surged by more than 10%. Floki first announced its partnership with DWF Labs in May 2023, during which DWF Labs bought $5 million worth of FLOKI tokens.

Main Body

Written by: Bitget Research

Data collection time: February 28, 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

TRAC (BRC-20 Token) - Tap Protocol, a protocol in the OrdFi ecosystem, announced on the X platform that the first airdrop snapshot for TRAC holders will occur on February 28. Eligible addresses may receive an airdrop of Tap Protocol's governance token, TAP.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 518,677

New active users on ETH: 110,972, with a daily increase of 9.31%

Existing active users on ETH: 407,705, with a daily increase of 0.64%

2.1.2 New User Profile

Core data: There were a total of 110,972 new active users on ETH yesterday, with a daily increase of 9.31%

Popular Sectors

Popular Projects

Key Projects:

Blast Launch Bridge (DApp) - Blast has announced its mainnet will launch on February 29. The total value of assets held in the Blast contract addresses has surpassed $2.1 billion, currently at $2,142,296,013. Of this, approximately $1.96 billion worth of ETH has been deposited into the Lido protocol, while over 167 million DAI has been deposited into the Maker protocol.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 407,705, with a daily increase of 0.64%

Popular Sectors

Popular Projects

Key Projects:

Shib (Token) - The memecoin sector saw a significant increase yesterday, with SHIB posting a cumulative gain of approximately 20.9%. This indicates signs of a revival in the memecoin market, with overall improvement across leading memecoin projects.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PEPE (Token) - Last year's hottest memecoin, PEPE, has reemerged after nearly a year of dormancy, revitalized by the broader crypto market's uptick in activity. The memecoin sector experienced a general rebound yesterday, with PEPE leading the way with an increase of approximately 23.75%.

2.2.2 Uniswap V3

DZHV (Token) - DizzyHavoc is an upgradable ERC-20 protocol. Currently, its market capitalization is at $10 million, with a liquidity pool of $630,000, 2.1k holders, a 24-hour trading volume of $17 million, and 6.2k transactions over the same period. The community interest in the token is notably high.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Milady Maker (NFT) - The prominent NFT project Milady has recently seen a price rebound. Milady is an NFT project characterized by its strong community style, diverse features, and robust Alpha properties, making it a project of interest among crypto community enthusiasts.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,453,240

New active users on BSC: 235,526, with a daily increase of 14.51%

Existing active users on BSC: 1,217,714, with a daily increase of 0.63%

3.1.2 New User Profile

Core data: There were a total of 235,526 new active users on BSC yesterday, with a daily increase of 14.51%

Popular Sectors

Popular Projects

Key Projects:

QnA3 (DApp) - The project’s TGE will soon take place. The AI project QnA3.AI announced on social media its first round of token airdrop promotion, where interaction records and credits will determine users' share of the airdrop, targeting active participants, participants with outstanding interactive performance, and global ambassadors. QnA3 is an AI-driven, one-stop Web3 knowledge engine and trading portal, where users can ask questions to AI or vote on questions.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,217,714, with a daily increase of 0.63%

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

GPT (Token) - The token for the QnA3.AI project, which has already completed its TGE. QnA3 is an AI-driven, comprehensive Web3 knowledge engine and a trading gateway, making it a prominent Web3 DApp within the trending AI sector.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 1,105,358

New active users on Polygon: 156,222, with a daily increase of 11.81%

Existing active users on Polygon: 949,136, with a daily increase of 1.08%

4.1.2 New User Profile

Core data: There were a total of 156,222 new active users on Polygon yesterday, with a daily increase of 11.81%

Popular Sectors

Popular Projects

Key Projects:

Matr1x Pioneer Badge - 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 949,136, with a daily increase of 1.08%

Popular Sectors

Popular Projects

Key Projects:

Smartcat - 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. Smart Layer has announced the tokenomics of SLN, with an airdrop ratio of 2% now open for claiming. The token has been listed on multiple exchanges.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

FIRE (Token) - Matri1x is a global Web3 entertainment platform designed to integrate a collection of games, NFT art, Esports, web novels, and community. MATR1X FIRE is the first mobile shooting game in the metaverse and the inaugural game on the Matri1x platform. FIRE serves as the utility token for MATR1X FIRE.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 210,647

New Active Users on Arbitrum: 38,450, with a daily decrease of 24.75%

Existing Active Users on Arbitrum: 172,197, with a daily increase of 0.63%

5.1.2 New User Profile

Core data: There were a total of 38,450 new active users on Arbitrum yesterday, with a daily decrease of 24.75%

Popular Sectors

Popular Projects

Key Projects:

Orbiter Finance (DApp) - The cross-chain bridge project Orbiter Finance has announced on X that it will launch its native token this year as a gesture of gratitude to its loyal community. The project also stated that it will gradually unveil the tokenomics and distribution plan, ensuring a fair process. The O-Points program will play a crucial role in establishing airdrop rules.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 172,197, with a daily increase of 0.63%

Popular Sectors

Popular Projects

Key Projects:

Xai_contract (DApp) - On February 28, XAI, a Layer 3 gaming solution within the Arbitrum ecosystem, announced the launch of its XAI token staking system v1.

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: 102,754

New Active Users on Base: 19,073, with a daily increase of 5.28%

Existing Active Users on Base: 83,681, with a daily decrease of 4.07%

6.1.2 New User Profile

Core data: There were a total of 19,073 new active users on Base yesterday, with a daily increase of 5.28%

Popular Sectors

Popular Projects

Key Projects:

Aerodrome Finance (DApp) - On February 27, the liquidity protocol Aerodrome announced it received an investment from the CB Ventures-led Base Ecosystem Fund. The exact amount was not disclosed, and the investment was made through the purchase of Aerodrome's native token, AERO. The AERO token is currently priced at $0.2303, with a 24-hour gain of 136.9%.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 83,681, with a daily decrease of 4.07%

Popular Sectors

Popular Projects

Key Projects:

OdosRouterV2 (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility. The project has not yet launched its token, offering an opportunity to interact early for a potential airdrop.

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

Blast (DApp) - Blast has announced its mainnet will launch on February 29. The total value of assets held in the Blast contract addresses has surpassed $2.1 billion, currently at $2,142,296,013. Of this, approximately $1.96 billion worth of ETH has been deposited into the Lido protocol, while over 167 million DAI has been deposited into the Maker protocol.

9.DApp Ecosystem - BSC

StarryNift (DApp) - StarryNift is a gamified NFT platform and a one-stop shop that offers creation, incubation, auction, and trading for NFT collections. The vision of StarryNift is to create a gamified 3D virtual world, opening new avenues for creators, collectors, and investors to explore a virtual realm that combines games, art, DeFi, and NFTs. The project announced its tokenomics last December, with plans for a token launch.

10.DApp Ecosystem - Polygon Chain

Matr1x Fire (DApp) - Matri1x is a global Web3 entertainment platform designed to integrate a collection of games, NFT art, Esports, web novels, and community. MATR1X FIRE is the first mobile shooting game in the metaverse and the inaugural game on the Matri1x platform.

11.DApp Ecosystem - Solana Chain

Magic Eden (DApp) - Magic Eden has launched an Ethereum marketplace in collaboration with Yuga Labs. To celebrate the launch of Magic Eden's Ethereum marketplace, Yuga Labs co-founder announced a 69-day royalty reduction promotion.

12.DApp Ecosystem - Arbitrum Chain

Trader Joe (DApp) - Trader Joe is a decentralized exchange (DEX) based on the Avalanche blockchain, offering a range of decentralized finance (DeFi) services, including token swapping, liquidity mining, staking, lending, and an NFT marketplace. Since its launch in 2021, the platform has rapidly attracted growth and become one of the key DEXs within the Avalanche ecosystem. What sets Trader Joe apart is its focus not only on AVAX trading but also on a suite of services such as lending and borrowing, liquidity pools, margin trading, yield farming, NFTs, staking, and a launchpad. This positions Trader Joe as one of the most comprehensive DEXs in the DeFi space.

13.DApp Ecosystem - Base Chain

Aerodrome (DApp) - On February 27, the liquidity protocol Aerodrome announced it received an investment from the CB Ventures-led Base Ecosystem Fund. The exact amount was not disclosed, and the investment was made through the purchase of Aerodrome's native token, AERO. The AERO token is currently priced at $0.2303, with a 24-hour gain of 136.9%.

14.DApp Ecosystem - GameFi Sector Across All Chains

Pixels (DApp) - 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 has airdropped tokens to RON stakers and is now listed on major exchanges.

15.Gas Fee Consumption - ETH Chain

No new popular contracts on the Ethereum chain.

16.Gas Fee Consumption - BSC

No new popular contracts on the BSC.

17.Gas Fee Consumption - Polygon Chain

Matr1x was described earlier in the report.

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 (DApp) - The Base Ecosystem Fund, associated with CB Ventures, announced the purchase of the native token AERO from the liquidity protocol Aerodrome Finance. While the exact investment amount remains undisclosed, this move resulted in a substantial price surge for AERO.

20.Top Trending Projects on Twitter

Taiko (DApp) - Taiko is a decentralized ZK-EVM equivalent and universal ZK-Rollup for Ethereum, facilitating easy deployment of DApps to L2 while inheriting Ethereum's security. It has raised $22 million in funding with investments from HongShan, Generative Ventures, GSR, among others. The market has strong airdrop expectations for Taiko.

Nibiru Chain (DApp) - Nibiru is a Layer 1 blockchain and financial hub integrating leveraged derivative trading, spot trading, staking, and bonding curve liquidity into a seamless user experience. Nibiru Points promotion require participants like and retweet the tweets by Nibiru’s account on Twitter. Users eager for airdrops increase their points by retweeting, significantly boosting the project's visibility on platforms such as Twitter.

Magic Eden (DApp) - Magic Eden has launched an Ethereum marketplace in collaboration with Yuga Labs. To celebrate the launch of Magic Eden's Ethereum marketplace, Yuga Labs co-founder announced a 69-day royalty reduction promotion.

21.Google Trends - Global

PEPE (Token) was described earlier in the report.

PYTH (Token) - South Korean exchanges Upbit and Bithumb announced they will list PYTH, leading to a substantial increase in the token's price. Pyth Network continues to expand its product offerings and project development, recently launching a price feed service on Hedera.

FLOKI (Token) - DWF Labs announced a $10 million investment to buy FLOKI tokens, supporting the development of the Floki ecosystem. Following the announcement, the price of FLOKI tokens briefly surged by more than 10%. Floki first announced its partnership with DWF Labs in May 2023, during which DWF Labs bought $5 million worth of FLOKI tokens.

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

a) South Asia Region

India Trends: PI, PEPE, GALA

Pakistan Trends: GALA

b) Southeast Asia Region

Vietnam Trends: BTC, VC(velocore)

Philippines Trends: BICO, SLP

Thailand Trends: BTC, ADA

Indonesia Trends: PYTH, PI, THETA, AVAX, depin crypto

Singapore Trends: rwa crypto, PEPE

c) East Asia

South Korea Trends: crypto jobs, genesis crypto

Japan Trends: TROY, crypto taxes in japan

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

a) CIS Region

Ukraine Trends: ARKM, blast

Russia Trends: RBC

b) English-speaking Countries

Australia Trends: QNT, MANTA, LRC, QI

UK Trends: AKITA, GALA, SYN, PENDLE, ADA

USA Trends: FLOKI, PYTH, MXC, VELO, ORDI, PEPE, AERO

Canada Trends: XAI, PYTH, ADA, SEI

c) Europe

France Trends: MXC, AXS, DAT, PYTH, IOTA, WIF, VIA

Poland Trends: XRP, SYN, ONDO, PEPE, FET, SHIB, PORTAL, GALA

Switzerland Trends: AVAX, FTM, HBAR, KAS, FIL, THETA

Türkiye Trends: crypto x scanner, crypto jeodezi, yuki crypto 125, yuki crypto 50

Germany Trends: DOGE, FLOKI, LIT

Italy Trends: ILV, XCH, ULX

Netherlands Trends: DENT, PLANET, JUP, memecoin

Belgium Trends: JUP, RIF, WAVES

Spain Trends: RLC, GALA, CAKE, XRP, SENSO, SYS, DOP, DCK

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

a) Africa

South Africa Trends: XRP, KAS, MYRO, ADA, SOL

Nigeria Trends: sybil meaning

Morocco Trends: LUFFY, PEPE

b) Middle East

UAE Trends: RAIN, SOL

Israel Trends: PEPE, RETIK

c) Latin America

Brazil Trends: PEPE, SEI, HNT, FLOKI

Chile Trends: PORTAL, THETA, SORA, ORDS

Argentina Trends: MXC, THETA, CAKE, SHIB, TIA, WIF, SERSH

Mexico Trends: MATIC, HBAR

Colombia Trends: RAY, THETA

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