Bitget Research: BlackRock Progresses with Bitcoin ETF Application, Wormhole Secures US$225 Million in Financing

Announcement posted by Bitget 01 Dec 2023

Bitget Research, 2023/11/30

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:

Piin (Token) — Piin, a BRC-20 token hyped by the Chinese-speaking community, has seen a trading volume of US$1.6 million in the last 24 hours, indicating high popularity.

GROK (Token) — GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. The token has generated considerable hype on the chain, despite recent instances of FUD suggesting the project creator was a scammer, which led to a significant drop in its value. However, the project team responded promptly and burned tokens worth nearly US$3 million, pushing its market cap to over US$100 million again. The price has rebounded significantly over the past three days, breaking its previous high likely due to the recent hype surrounding the AI sector.

AIOZ (Token) — Aioz is a recently popular AI infrastructure project. The AI sector within the cryptocurrency market has recently experienced a wave of intense speculation, resulting in considerable gains for both new and old tokens in this sector. It is advisable to keep this token on your radar.

EDU (Token) — Open Campus is a community-driven Web3 education platform. Recently, Binance Labs announced a US$3.15 million investment in the platform. Concurrently, Animoca has announced plans to purchase additional EDU tokens from the open market. Influenced by these developments, the EDU token saw a 13% increase over the past 7 days and a 24-hour trading volume of US$22 million.

Myria (Token) — Myria is a Layer 2 network based on ZK rollup technology, primarily targeting the gaming industry and players. The Myria platform offers API, SDK, and other business solutions for streamlined blockchain processes, while providing unparalleled speed, security, and scalability. With the recent surge in Gamefi trends, the Myria token has demonstrated promising performance.

2. Popular NFTs:

Arbitrum Odyssey - Star NFT V3 (NFT) - This NFT is a commemorative NFT for Arbitrum Odyssey. Due to the substantial number of airdrops received by users in the previous round of Arbitrum Odyssey, the current round continues to attract significant numbers of participants.

3. Popular DApps:

Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors it. With the advantage of being an early player in the market, Maestro has established a substantial user base. Currently, Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.

PancakeSwap (DApp) - PancakeSwap is a decentralised exchange based on the BSC. Recently, it has significantly increased its trading volume and doubled its market share with the launch of its V3 version. PancakeSwap V3 brings numerous improvements, including increased capital efficiency, reduced trader fees, enhanced rewards for liquidity providers, and an improved user experience. It has also ventured into blockchain gaming, introduced fiat channels, and expanded its Yield Farming. Furthermore, PancakeSwap plans to automate liquidity provision, introduce veCAKE for governance voting, and integrate a notification system. It also plans to increase prediction fees through multi-chain expansion, reduce the maximum supply of CAKE, restore trading competitions, and explore partnerships with asset-backed protocols and expansion into GameFi platforms.

Hooked Protocol (DApp) - Hooked Protocol aims to establish a community-driven social network with a tokenomics design. Recently, it initiated the opBNB mainnet launch and the Hooked staking program.

Smart Cats (DApp) - An application associated with SmartLayer. The NFTs issued by the project currently has over 800,000 holders. By feeding and cleaning Smart Cats, the NFTs can be upgraded. The high trading volume of the NFTs is driven by users' anticipation of future airdrops from SmartLayer.

The Graph (DApp) - The Graph community decided to expand through Arbitrum, aiming to enhance The Graph's accessibility within the Web3 ecosystem and reduce Gas costs. Currently, 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 infrastructure-focused, and it continues to develop despite the ongoing bear market.

Duel Arena (DApp) - A popular PvP social gaming project on the Base chain, Duel Arena has seen over 1000 active users in the past 7 days, with a trading volume surpassing US$3.84 million.

Manifold (DApp) - A creator platform that allows artists to create NFTs using componentised product releases for smart contracts. It also serves as a platform for users to mint NFTs. Artists can create their own single-page auction websites through the Gallery application in the Manifold Studio. Previously, the platform collaborated with several prominent artists and studios, generating substantial income for these artists.

Vertex (DApp) - Vertex is a decentralised exchange (DEX) protocol based on Arbitrum, offering cross-margin trading services. It integrates spot, perpetual contracts, and money markets into one application. It has recently completed its TGE, and the VRTX token is now trading on Bitget. The platform has seen a trading volume of US$51.2 million in the past 24 hours.

Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.

4. Twitter Hot Topics:

EDU (Token) - Open Campus is a community-driven Web3 education platform. Recently, Binance Labs announced a US$3.15 million investment in the platform. Concurrently, Animoca has announced plans to purchase additional EDU tokens from the open market. Influenced by these developments, the EDU token saw a 13% increase over the past 7 days and a 24-hour trading volume of US$22 million.

5. Regional Trending Searches:

BTC (Coin) - BTC briefly surpassed its previous high yesterday, reaching US$38,450, followed by a significant pullback. It has since stabilised again around the US$38,000 point. The bearish divergence on Bitcoin's daily chart remains uncorrected. The daily chart is at a high level, and the US$38,500 point on Bitcoin's weekly chart is a crucial resistance level. If it repeatedly consolidates and firmly breaks through this level, it could directly surge near US$40,000. On the flip side, if it falls below US$37,500 effectively, further downward adjustments are likely.

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, Base 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: November 30, 10:30 UTC

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.

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.