Bitget Research: Crypto Market Fluctuates After Oversold Rebound, Fidelity Reveals Intent to Apply for Bitcoin Spot ETF

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After the launch, the number of holders quickly reached nearly 20,000, with 190,000 transfers in 24 hours, ranking first among BRC-20 tokens. Its current daily trading volume exceeds US$100,000.

WHEE (BRC-20 Token) — A popular token on the BRC-20 chain with a Sledge Dog theme. It has 3452 holders and reached 50,000 transfers in 24 hours.

BILI (BRC-20 Token) — A bilibili concept BRC-20 token initiated by the Chinese project bili_labs. The number of holders is currently 1768, with 12,000 transfers in 24 hours. It is essential to stay updated on BILI.

UNLEASH (Token) — This is a new memecoin issued by the address labeled “Shiba Inu: Deployer 1”, which has deployed $LEASH, one part of the three-piece within the SHIB ecosystem. The on- XCNUSDT">chain trading activity is high. The contract carries a blacklist mechanism risk, but all the rights have been relinquished, making the risk relatively controllable. Bitget listed UNLEASH yesterday.

SCAM (Token) — A popular new memecoin on the Ethereum chain. SCAM has 1218 holders, 2189 on-chain transactions in the past 24 hours, and a trading volume of US$1.79 million. The project team is promoting the token through some English-speaking influencers on Twitter. The contract does not have any apparent risks.

AI (Token) — AiDoge. Note that this token is not the previously popular AIDOGE on Arbitrum, but a new meme on the Ethereum network. The initial distribution was completed through PreSale and Claim, with 19,280 holders. However, the on-chain liquidity pool is below US$20.000, making it prone to dramatic price volatility. The token price has halved in the past 12 hours.

FTC (Token) — FTC is suspected to be part of the FQT, a circle of schemes project by the Pangu Community. It adopts a co-market maker model where users add LP to join in market-making. The current on-chain liquidity is US$33 million, with a 24-hour trading volume of US$8 million. Contract checks have not revealed any issues. It is essential to stay updated on this token.

2.Popular NFTs:

No notable NFTs emerged today.

3.Popular DApps:

zkSync Era (DApp) — zkSync Era continues to dominate the competitive landscape in the ZK Rollup network, generating 59.9% of the daily interactions. zkSync Lite and StarkNet account for 16.2% respectively, while Polygon EVM remains the lowest at 7.7%. In terms of value locked, zkSync Era holds a significant majority of the ZK Rollup network’s share.

Playbux (DApp) — Playbux, a blockchain-based e-commerce metaverse platform, has announced a partnership with the global streaming company iQIYI to launch the “Watch to Earn” feature. Users need to register a Playbux account and watch a movie of their own choice for 30 minutes every day through the official Playbux interface to earn generous rewards. The rewards include NFTs, BRK, and Lotto Tickets which qualify for participation in a US$100,000 monthly prize pool draw. (Playbux previously completed a seed round of financing of US$2 million, led by Binance Labs).

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. The recently concluded Building NFT promotion, which offered a time-limited free multi-chain mint in collaboration with artist Amber Vittoria, generated intense participation. Free mint was available on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism.

Lens Protocol (DApp) — Lens Protocol has introduced a new open governance model where community members can suggest improvements to the protocol. The inspiration for Lens Improvement Proposals (LIPs) came from Ethereum and Aave’s improvement proposal models, attempting to create a framework for developers, creators, and users to participate in the decision-making process for Lens’s future development.

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

4.Twitter Hot Topics:

LBR (Token) — Binance Research has released a report on LSDfi, where Lybra Finance is ranked first among all LSDfi projects with a TVL of US$161 million. Lybra Finance is about to announce its V2 version upgrade, resulting in a large price increase and short-term hype.

TWT (Token) — Trust Wallet Token. Trust Wallet has recently partnered with Tezos. By linking with Trust Wallet, users can acquire digital collectibles from the McLaren Formula 1 team. Over the past two days, both the discussions around and the trading volume of TWT have increased, with the daily trading volume experiencing an increase of 45.74%.

5.Regional Trending Searches:

4CHAN (Token) — A memecoin with a degenerate nature. The project has gained some popularity recently, with the price steadily increasing after a period of bottom oscillation for over half a month. Today, it has reached a new all-time high, with a current liquidity pool of US$980,000 and a 24-hour trading volume of US$4.03 million. The price has experienced an increase of 54.11% over the last 24 hours.

Main Body

Written by: Bitget Research

Data collection time: June 20, 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)

1.BTC Profile — BRC-20

OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After the launch, the number of holders quickly reached nearly 20,000, with 190,000 transfers in 24 hours, ranking first among BRC-20 tokens. Its current daily trading volume exceeds US$100,000.

WHEE (BRC-20 Token) — A popular token on the BRC-20 chain with a Sledge Dog theme. It has 3452 holders and reached 50,000 transfers in 24 hours.

BILI (BRC-20 Token) — A bilibili concept BRC-20 token initiated by the Chinese project bili_labs. The number of holders is currently 1768, with 12,000 transfers in 24 hours. It is essential to stay updated on BILI.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

• Total active users of ETH: 440,202
• New active users of ETH: 78,070, with a daily increase of 13.43%
• Existing active users of ETH: 362,132, with a daily increase of 3.01%

2.1.2 New User Profile

• Core data: There were a total of 78,070 new active users on ETH yesterday, with a daily increase of 13.43%
• Popular Sectors

• Popular Projects

AI (Token) — AiDoge. Note that this token is not the previously popular AIDOGE on Arbitrum, but a new meme on the Ethereum network. The initial distribution was completed through PreSale and Claim, with 19,280 holders. However, the on-chain liquidity pool is below US$20.000, making it prone to dramatic price volatility. The token price has halved in the past 12 hours. (https://twitter.com/aidogecrypto , https://www.dextools.io/app/en/ether/pair-explorer/0x32e12fe6f7f2af064aaed27fd612857944a0861c)

2.1.3 Existing User Profile

• Core data: The number of ETH active existing users is 362,132, with a daily increase of 3.01%
• Popular Sectors

• Popular Projects

zkSync Era (DApp) — zkSync Era continues to dominate the competitive landscape in the ZK Rollup network, generating 59.9% of the daily interactions. zkSync Lite and StarkNet account for 16.2% respectively, while Polygon EVM remains the lowest at 7.7%. In terms of value locked, zkSync Era holds a significant majority of the ZK Rollup network’s share.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

WNM (Token) — Launched on Twitter, WNM is a meme aimed at the Chinese market. It has gained significant popularity on Chinese Crypto Twitter. However, it has been plunging since its launch, losing 99% of its value. The token has 2134 holders. The contract carries a 2% transaction tax and a blacklist mechanism. https://www.dextools.io/app/en/ether/pair-explorer/0x15e591c7bef0b1b1b7fb643352fe23e4fd819805

Lola (Token) — A new dog-themed meme on the Ethereum chain. It had 3176 transactions over the past 24 hours with a trading volume of US$3.38 million. The contract does not have any apparent risks. The price has seen a 40% decrease in the past 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x8bf1ace6c89e5f207ae372ba2d2bce7467891cf0

2.2.2 Uniswap V3

SCAM (Token) — A popular new memecoin on the Ethereum chain. SCAM has 1218 holders, 2189 on-chain transactions in the past 24 hours, and a trading volume of US$1.79 million. The project team is promoting the token through some English-speaking influencers on Twitter. The contract does not have any apparent risks. https://www.dextools.io/app/en/ether/pair-explorer/0x31dadf3238518c299a4b87fc47f2714d0f922577

UNLEASH (Token) — This is a new memecoin issued by the address labeled “Shiba Inu: Deployer 1”, which has deployed $LEASH, one part of the three-piece within the SHIB ecosystem. The on-chain trading activity is high. The contract carries a blacklist mechanism risk, but all the rights have been relinquished, making the risk relatively controllable. Bitget listed UNLEASH yesterday.

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

• Total active users on BSC: 1,302,929
• New active users on BSC: 156,442, with a daily increase of 22.60%
• Existing active users on BSC: 1,146,487, with a daily increase of 6.31%

3.1.2 New User Profile

• Core data: There were a total of 156,442 new active users on BSC yesterday, with a daily increase of 22.60%
• Popular Sectors

• Popular Projects

Playbux (DApp) — Playbux, a blockchain-based e-commerce metaverse platform, has announced a partnership with the global streaming company iQIYI to launch the “Watch to Earn” feature. Users need to register a Playbux account and watch a movie of their own choice for 30 minutes every day through the official Playbux interface to earn generous rewards. The rewards include NFTs, BRK, and Lotto Tickets which qualify for participation in a US$100,000 monthly prize pool draw. (Playbux previously completed a seed round of financing of US$2 million, led by Binance Labs).

3.1.3 Existing User Profile

• Core data: The number of BSC active existing users is 1,146,487, with a daily increase of 6.31%
• Popular Sectors

• Popular Projects

FTC (Token) — FTC is suspected to be part of the FQT, a circle of schemes project by the Pangu Community. It adopts a co-market maker model where users add LP to join in market-making. The current on-chain liquidity is US$33 million, with a 24-hour trading volume of US$8 million. Contract checks have not revealed any issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x59de922ffb1aa1a1ae68a7eedc4a7991ca3ff4f8

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

FTC has been explained earlier in the report.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

• Total active users on Polygon: 426,208
• New active users on Polygon: 100,476, with a daily increase of 39.72%
• Existing active users on Polygon: 325,732, with a daily increase of 13.93%

4.1.2 New User Profile

• Core data: There were a total of 100,476 new active users on Polygon yesterday, with a daily increase of 39.72%
• Popular Sectors

• Popular Projects

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. The recently concluded Building NFT promotion, which offered a time-limited free multi-chain mint in collaboration with artist Amber Vittoria, generated intense participation. Free mint was available on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism.

4.1.3 Existing User Profile

• Core Data: The number of Polygon active existing users is 325,732, with a daily increase of 13.93%
• Popular Sectors

• Popular Projects

Lens Protocol (DApp) — Lens Protocol has introduced a new open governance model where community members can suggest improvements to the protocol. The inspiration for Lens Improvement Proposals (LIPs) came from Ethereum and Aave’s improvement proposal models, attempting to create a framework for developers, creators, and users to participate in the decision-making process for Lens’s future development.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

MATIC (Token) — Following Robinhood’s delisting of MATIC and other assets deemed as securities by the SEC, eToro also terminated US user access to DASH, MANA, ALGO, and MATIC for regulatory reasons. On June 16, due to regulatory uncertainty, Bakkt, a cryptocurrency exchange under the Intercontinental Exchange, announced the delisting of Solana, Polygon, and Cardano.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

• Arbitrum Active Users: 181,649
• Arbitrum New Active Users: 36,253, with a daily increase of 20.61%
• Arbitrum Existing Active Users: 145,396, with a daily increase of 17.79%

5.1.2 New User Profile

• Core data: There were a total of 36,253 new active users on Arbitrum yesterday, with a daily increase of 20.61%
• Popular Sectors

• Popular Projects

Circle: ArbFiatToken — Last week, Binance and OKX completed the integration of USDC on the Arbitrum One network and opened deposit services. (Previously, Circle announced on June 8 that native USDC had been launched on the Arbitrum network).

5.1.3 Existing User Profile

• Core data: The number of Arbitrum active existing users is 145,396, with a daily increase of 17.79%
• Popular Sectors

• Popular Projects

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

agEUR (Token) — Behind agEUR is the Angle Protocol, a capital-efficient, decentralized, over-collateralized stablecoin protocol. The APR for the agEUR — EUROC Pool on CRV ranges from 5% to 12%. (On June 4, the Stargate vote passed the proposal to “add support for Circle’s Euro stablecoin EUROC”).

6.DApp Ecosystem — All Chains

GoodDollar (DApp) — GoodDollar’s mission is to reduce wealth inequality and promote the education and use of decentralized finance (DeFi). GoodDollar accomplishes this by distributing digital currency (G$) worldwide. eToro has committed to invest US$1 million in the GoodDollar project.

7.DApp Ecosystem — ETH Chain

Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. Manifold will expand its Creator toolset to L2, providing users with a lower transaction gas fee experience. Users can collect the “Manifold-Optimism Creator NFT” and receive an airdrop reward of US$6.9 in ETH from Manifold. The community’s participation level is impressive.

8.DApp Ecosystem — BSC Chain

TinyTap (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and has recently established a US$10 million Global Educators Fund, gaining considerable interest in the community.

9.DApp Ecosystem — Polygon Chain

Jump Trade (DApp) — Claiming to be Asia’s largest NFT market, Jump Trade released its P2E cricket game NFT collection, Meta Cricket League NFTs. 55,000 NFTs were sold out within 9 minutes.

10.DApp Ecosystem — WAX Chain

UAW of WAX projects fluctuates within the normal range.

11.DApp Ecosystem — Solana Chain

Genopets (DApp) — A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project’s investors include famous organizations like Pantera, Konvoy, and Solana. Its latest version 0.25 has made some functional updates to enhance user experience.

Chingari (DApp) — Recently listed in the “Top Web3 Social Media Sites for 2023” by media outlet CoinGapeMedia, Chingari, and GARI Network are leading short video applications and Web3 social networks. Content creators and consumers are incentivized with smart currency for their contributions. The smart currency incentives earned by content creators and consumers exist in the form of cryptocurrency, namely GARI tokens. Similar to other social networks, Chingari app users contribute by posting or participating in content, such as liking, sharing comments, following, being followed, rewarding their favorite creators, and 20 other in-app activities.

12.DApp Ecosystem — Arbitrum Chain

WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is US$20 million, mainly formed by the staking of WOO tokens.

13.DApp Ecosystem — GameFi Sector Across All Chains

SuperWalk (Dapp) — SuperWalk is a Move-To-Earn service based on the Klaytn blockchain that rewards users with tokens for walking. Similar to StepN, users can earn tokens by walking. The SuperWalk app has already been downloaded over 100,000 times on Google Play.

14.Gas Fee Consumption — ETH Chain

AiDoge Claim Contract (Token) — A dog-themed memecoin launched recently, with 19,593 holders on the Ethereum chain. It has a liquidity pool of only US$16,000 and a daily trading volume of US$3.14 million. The contract does not have any apparent risks. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x32e12fe6f7f2af064aaed27fd612857944a0861c

15.Gas Fee Consumption — BSC Chain

Drip Faucet (DApp) — A project on the BSC chain for “depositing, mining, withdrawing, and selling”. The four pools in the project have a compounding robot that constantly performs compounding strategies, leading to an overvaluation of UAW on the BSC chain. Currently, the project’s token, $DRIP, has a daily trading volume of US$35,100 in the secondary market, indicating relatively low popularity.

16.Gas Fee Consumption — Polygon Chain

BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain.

17.Gas Fee Consumption — Arbitrum Chain

LBRouter (DApp) — TraderJoe’s liquidity book router. It has not experienced any significant changes in trading volume.

18.Twitter Trends Token Top 20

LBR (Token) — Binance Research has released a report on LSDfi, where Lybra Finance is ranked first among all LSDfi projects with a TVL of US$161 million. Lybra Finance is about to announce its V2 version upgrade, resulting in a large price increase and short-term hype.

TWT (Token) — Trust Wallet Token. Trust Wallet has recently partnered with Tezos. By linking with Trust Wallet, users can acquire digital collectibles from the McLaren Formula 1 team. Over the past two days, both the discussions around and the trading volume of TWT have increased, with the daily trading volume experiencing an increase of 45.74%.

19.Google Trends — Global

4CHAN (Token) — A memecoin with a degenerate nature. The project has gained some popularity recently, with the price steadily increasing after a period of bottom oscillation for over half a month. Today, it has reached a new all-time high, with a current liquidity pool of US$980,000 and a 24-hour trading volume of US$4.03 million. The price has experienced an increase of 54.11% over the last 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x4ff4c7c8754127cc097910cf9d80400adef5b65d

20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

a) South Asia Region

India Trending Tokens: dtup, rad

Pakistan Trending Keywords: crypto arka, coinpayu, crypto poran

b) Southeast Asia Region

Indonesia Trending Keywords: waves crypto, tradingview, crypto gate

Malaysia Trending Keywords: crypto bubble

Philippines Trending Tokens: slp, gala

c) East Asia and Hong Kong, Macau, and Taiwan

Trending Keywords: crypto news, staking crypto

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

a) CIS Region

Trending Keywords: crypto bubbles, crypto crew

b) English-speaking Countries

Australia Trending Tokens: vra, asx, xen, ngs

UK Trending Tokens: luna, 4chan

USA Trending Keywords: starxbit, caged beasts crypto, mkr, sam friedman

Canada Trending Tokens: casa, saitama, doge

c) Europe

Spain Trending Tokens: octa, aidoge, doge

France Trending Tokens: dca, sand, 4chan

Germany Trending Tokens: doge, dca, pi

Italy Trending Tokens: None

Poland Trending Tokens: xen

Turkey Trending Keywords: selcoin, faucetpay, crypto fund trader

22.Google Trends Surge — Middle East, Latin America, Africa

a) Africa

Trending Keywords: best crypto wallet in nigeria, crypto news, coinmarketcap, tron, xrp

b) Middle East

Trending Keywords: crypto market cap

c) Latin America

Brazil Trending Tokens: nft, doge

Argentina Trending Tokens: matic, dolar

References

1. Dune Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

2. Dune Dashboard - Gas Fee Consumption: https://dune.com/bitgetresearch/gas-overview