Bitget Research: Memeland's Upcoming Token Launch Stimulates NFT Market Recovery, Crypto Market Continues to Fluctuate at High Level

Announcement posted by Bitget 31 Oct 2023

Bitget Research, 2023/10/30

In the past 24 hours, there have been many new popular tokens and topics emerging in the crypto market, and perhaps they could be the next market spotlight. In today's Bitget Research we cover:

1.Popular Tokens
2.Popular NFTs
3.Popular DApps
4.Twitter Hot Topics
5.Regional Trending Searches

In Summary:

1.Popular Tokens:

ORDI (Token) - With the anticipation of spot Bitcoin ETF moving forward, ORDI, as a BRC-20 project on the Bitcoin chain, has shown commendable performance recently. Bitget has introduced a BTC Ecosystem zone, grouping tokens with significant relevance to Bitcoin into one asset category.

Cardano (Token) - Similar in operational approach to the previous ERC-20 memecoins like Bitcoin and Solana, the project has recently had its TGE. The token has a commendable trading volume on DEXs, with high enthusiasm for speculation. The project had 3638 transactions over the past 24 hours, and the token trend is promising.

TOONS (Token) - Styled similarly to the BITCOIN meme, TOONS has a 24-hour trading volume of US$3.82 million and 3958 transactions in the same period. Previously promoted by BITCOIN influencer @The__Solstice (with 80k followers), meme influencers such as @SweetPeaCrypto (with 12k followers), @thunderdegen (with 16k followers), and many other influencers have tweeted about the token.

GYATT (Token) - A memecoin with a current market cap of US$500,000, a liquidity pool of US$80,000, and a 24-hour trading volume of US$1.84 million. The project has a commendable upward trend. Its community size is average, with 580 holders, a project worth keeping on your radar.

CHU (Token) - CHU is a Web3 gaming platform where users can continuously evolve their characters within the game. The project token has a high number of transactions, but the genuine trading volume is quite low. It has 2791 transactions on DEXs and a trading volume of US$50,000 over the past 24 hours.

2.Popular NFTs:

Winds of Yawanawa (NFT) - An NFT series co-created by the indigenous Yawanawa community of Brazil and media artist Refik Anadol. 1000 NFT paintings showcase the rich cultural style of the Yawanawa community. The project has a very high trading volume on the secondary market, with a current trading volume of 7337 ETH. The floor price is 6.79 ETH, with 614 unique holders.

Wildcard (NFT) - An automatically fitted fish tank NFT. The project has a low trading frequency on the secondary market, with a current floor price of 5 ETH and a total trading volume of 11 ETH. 140 NFTs have been issued on-chain, with 53 unique holders.

Base Cute Aoi (NFT) - A cartoon NFT project on the Base chain. 6543 NFTs have been issued in total, and there are 1557 unique holders. The floor price of the project's NFT is relatively low, with no effective trades on the secondary market.

3. Popular DApps:

ETHS (DApp) - Ethscriptions was developed by Tom Lehman, the co-founder of Genius.com. It utilizes Ethereum's "calldata" to achieve an economically efficient, decentralized token minting process. This method is cheaper and more streamlined than the traditional smart-contract based approaches used for creating NFTs and other digital assets on the Ethereum blockchain. Recently, the project has seen a significant price increase and has garnered substantial market interest.

Seg Finance (DApp) - The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address.

SecondLive (DApp) - The metaverse project SecondLive, based on BSC, is a Web3 project specifically designed for fostering virtual social networks and bolstering the creator economy. It introduces a multifaceted 3D virtual environment where participants can embody their preferred virtual avatars and indulge in various real-world activities, including virtual exhibitions, singing, dancing, and shopping. Users can also leverage the SecondLive Avatar to create their content and profit from it.

Graph (DApp) - At the end of August, The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. With the release of new L2 transfer tools, The Graph's core development team has entered the third phase of the Arbitrum expansion. The project team recently attended an offline blockchain event in India. The project is an infrastructure-focused project, and it continues to develop despite the ongoing bear market. The project's token, GRT, has been listed on Bitget.

PostTech (DApp) - Post.Tech is an emerging SocialFi and DeFi platform based on the Arbitrum network, which is renowned for its Layer 2 scaling solutions. This platform presents a unique fusion of social media and finance, allowing users to tokenize their profiles and posts. Post.Tech also has an airdrop event, which rewards users through various activities on the platform, fostering a community-centric environment.

Odos (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.

QuestN (DApp) - QuestN, a prominent on-chain task platform, has just introduced an interstitial advertising feature, with Binance becoming its first client. Recently, the platform has seen high traffic due to events held with Linity, Firestarter, Biswap, and GM Labs.

Guild (DApp) - Guild is a crypto community gating and management tool. On this platform, users can see projects with integrated Guild communities, the roles set by these communities, and the criteria to obtain such roles. Guild is a component built on social platforms like Discord. Since Discord has become a hotspot for crypto asset theft, Guild also requests certain permissions from Twitter and Discord.

Alcor.exchange (DApp) - Alcor.exchange is the largest gaming token trading market on the WAX chain. The introduction of new trading pairs by nftbattleminer on Alcor has led to an influx of trading users, causing its UAW to rise.

Rarible (DApp) - Rarible is a platform highly suited for digital artists, enabling them to issue and sell digital assets representing ownership of their digital works. Operating as an Ethereum-based NFT marketplace, Rarible connects content creators with buyers of NFTs without requiring any prior coding skills from the users. The marketplace offers a diverse selection of NFTs across various categories, including art, ensuring the security and reliability of transactions.

Friend.Tech (DApp) - Friend.tech is one of the hottest projects on the Base chain. The project's operations range from tokenization to seamless interactions using blockchain technology and cryptocurrency. Not only has Friend.tech fueled the recent growth in Base, but it has also become a significant contributor to Base's growth through its operations on Base's Ethereum Layer 2 chain.

PancakeSwap (DApp) - PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), similar to Uniswap on Ethereum, but operating on the high-throughput blockchain developed by Binance, BSC, which aims to compete with Ethereum. PancakeSwap allows users to trade tokens without intermediaries, earn from liquidity pools, claim staking rewards, and participate in lotteries, among other activities.

CoinTool: XEN Batch Minter (DApp) - A renowned on-chain toolbox, CoinTool's XEN batch mining tool. XEN is a social mining project based on the Proof of Participation (PoP) mechanism, enabling any cryptocurrency user to connect a compatible Web3 wallet and mint XEN tokens on Ethereum. The tokenomics of this project depends on the number of users and the mint period. As the number of participants increases, the difficulty of minting also rises, reducing the supply.

GALA (Token) - The P2E gaming sector has been on the rise in the market recently, and Gala, which was a popular gaming asset in the previous cycle, is receiving significant attention from speculative funds. The coin's price has rebounded by approximately 60% in the past week, with high Twitter search volumes. It's advisable to keep an eye on it.

4. Twitter Hot Topics:

5. Regional Trending Searches:

Faucetpay (APP) - The project aggregates various cryptocurrency faucets (platforms offering free test tokens) from across the market. It also has common features such as Swap, Staking, etc. The search popularity of Faucetpay is notably high.

BTC Profile - BRC-20 BRC-20 Monitoring Module

Blockchain Profiles: ETH Chain, BSC Chain, Polygon Chain, Arbitrum Chain, Base Chain

DApp Ecosystem: All Chains, ETH Chain, BSC Chain, Polygon Chain, WAX Chain, Solana Chain, Arbitrum Chain, GameFi Sector Across All Chains

Gas Fee Consumption: ETH Chain, BSC Chain, Polygon Chain, Arbitrum Chain

Crypto News Google Trends - Global, East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan, Europe, CIS Region, Middle East, Latin America & Africa

Written by: Bitget Research

Data collection time: October 30, 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)

Disclaimer: Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Bitget Wallet, the web3 arm of Bitget, is a decentralised multi-chain digital wallet supporting 250,000+ cryptocurrencies across 90+ chains, enabling exploration of DEX, DeFi, NFT, and metaverse. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organiser PGL.