Bitget Research: Fan Tokens Surge, BTC Holds Steady at US$50,000

Announcement posted by Bitget 19 Feb 2024

Bitget Research, 2024/02/18

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:

LIGO (BRC-20 Token) - 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 US$7 and US$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 US$11.91 million and 5293 holders. The contract incldes 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 decentralised solution to meet the growing demand for GPUs in AI training. This platform serves as a scalable, accessible, and democratic alternative to the centralised 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, socialise, 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 US$900 million. The project's market cap has reached US$280 million, with the total trading volume on the platform exceeding US$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 US$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:

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 8 February. 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.

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: February 18, 10:30 AM 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.