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  • Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours

Bitget Research
2023/06/21
Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours
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:

ALPHA (Token) — This newly-launched meme was created by @Web3lfgg, an influencer on Twitter with 36,600 followers. The token has an on-chain liquidity of US$462,000 and a 24-hour trading volume of US$3.92 million. Contract checks reveal anti-whale measures and blacklist mechanism risks. The token has experienced a 33% decrease over the last 24 hours.

STRAY (Token) — A community meme with a stray dog as its IP. It has 503 followers on Twitter. The token has an on-chain liquidity of US$269,000 and a 24-hour trading volume of US$6.1 million. The contract has no risks. It is essential to stay updated on this token.

4CHAN (Token) — A community meme with the famous forum community 4CHAN as its IP. It has 2557 followers on Twitter, and the community engagement in the project is quite high. The token has an on-chain liquidity of US$974,000, and a 24-hour trading volume of US$7.26 million, indicating strong performance. Contract checks reveal risks such as trading pauses, anti-whale measures, and adjustable tax rates. It is essential to stay updated on this token.

AI (Token) — Positioned as an AI-powered meme, it shares the same acronym as the Arbdoge token. It has 37,000 followers on Twitter. The current on-chain liquidity is US$489,000, with a 24-hour trading volume of US$1.25 million, and 21,125 holders. Contract checks have not revealed any issues, but the token price has dropped by 36% in the past 24 hours, indicating significant volatility. It is essential to observe its performance.

SCAM (Token) — Positioned as a project to expose fraudulent activities in the market. On June 21, it paid US$3300 each to three “victims”, drawing the attention of the community. The token currently has an on-chain liquidity of US$242,000 and a 24-hour trading volume of US$755,000. Contract checks reveal risks such as anti-whale measures etc. The token has experienced a 40% decrease in the past 24 hours, showing significant volatility. It is essential to observe its performance.

ZAX (Token) — The project positions itself as a utility token based on the Binance Smart Chain. Its white paper contains extensive content but lacks a clear positioning. It has an on-chain liquidity of US$540,000 and a 24-hour trading volume of US$197,000. Contract checks reveal potentia l trading pauses. It is essential to observe its performance.

FTC (Token) — FTC is suspected to be a circle of schemes project, adopting a co-market maker model where users add LP to join in market-making. The current on-chain liquidity is US$36.24 million, with a 24-hour trading volume of US$13.55 million. Contract checks have not revealed any issues. It is essential to stay updated on this token.

BTCGame (Token) — There is currently not much information available about the token. It has an on-chain liquidity of US$82,000 and a trading volume of US$2.08 million. Contract checks have not revealed any issues. The token price has surged by 81% in the last 24 hours, and the on-chain interaction activity is quite good. It is essential to stay updated on this token.

XEN (Token) — XEN’s founder Jack recently tweeted a graph on Twitter showing the continuously growing consumption of XEN and said “XEN is used as currency to launch new projects”. Previously, by developing the XEN ecosystem and projects such as XENFT, XEN Torrent, DBXEN, and Xenlon that place “burning XEN” at the core of interaction, XEN’s price was pushed up and resulted in a continuous five-week surge. Users still hold positive expectations.

W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$94,000, and the 24-hour trading volume is US$694,000. Contract checks reveal potential mint function. Recently, trading volume has noticeably increased, with a bearish candlestick observed during the pullback. It is essential to observe its performance.

GMX (Token) — On June 20, data from Crypto Fees showed that over the past seven days, the average daily transaction fee of the decentralized derivatives protocol GMX was US$883,234, surpassing the average daily transaction fee of the decentralized trading platform Uniswap, which was US$708,789. On June 11, BitMEX co-founder Arthur Hayes, the top holder of GMX, purchased more GMX at an average price of 45 USDT, marking his second purchase in nine months. It is important to keep a close watch on the price performance of GMX.

POPE (Token) — A Popeye-themed memecoin that carries a 5% on-chain transaction tax. The 24-hour trading volume is US$269,360, with 947 holders. The contract has no apparent risks, but the liquidity pool is low at US$62,270, which can lead to dra matic price volatility.

2.Popular NFTs:

Fair721 (NFT) — Fair721 is an inscription model based on the ERC721 protocol. Each ERC721 NFT contains 1024 $F721 tokens, with a total supply of 10,240. Each address has a mint limit of 5 pieces. It is available on OpenSea, with a current floor price of 0.001 ETH, and a trading volume of 28 ETH and 4252 holders.

zkBridge on opBNB (NFT) — On June 20, Binance announced the launch of Binance Layer 2 opBNB testnet based on the op stack. Users can claim NFTs through zkbridge.com/nft-faucet/opb.

3.Popular DApps:

zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 964,000 unique wallet addresses on the zkSync Era mainnet, with 469,000 ETH bridged to zkSync and a total of 1.167 million transfers. Additionally, users can use https://byfishh.github.io/zk-flow/ to check the interaction frequency of their wallet with zkSync. Combined with the data from Dune’s dashboard, they can create high-quality accounts.

Lens Protocol (DApp) — Lens Protocol has introduced a new governance model, namely the Lens Improvement Proposals (LIPs). Community members can suggest improvements to the protocol within this model. Currently, there are three live proposals under LIPs. The first proposal establishes an open governance model, while the second and third proposals are centered on open standards. These are respectively for encouraging the integration of third-party algorithms and machine learning (ML) services into the Lens Protocol, and for classifying, organizing, and tagging metadata within Lens.

Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.

Socket (DApp) — A multichain application, Socket’s primary offering is the Bungee Cross-Chain Aggregator. It has recently completed its hackathon event, SocketSurge Wave, where the top four developers, based on points, have been awarded their respective NFTs. The project has not issued its token, but there is anticipation around a potential airdrop. With impressive user experience, project users may want to monitor closely.

ETH2 Deposit Contract (DApp) — It has been over two months since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 22.93 million, with a staking rate of 19.26%. This represents an increase of approximately 4 million ETH compared to before the upgrade, indicating a continuous upward trend.

Taskon (DApp) — A popular Web3 on-chain task platform. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. In the past 24 hours, 5 projects added new promotions with tasks, indicating a high frequency of marketing promotions.

Alcor.exchange (DApp) — It provides trading infrastructure for EOS, WAX, TELOS, and PROTON. The official Twitter account has launched a promotion to find WAX and EOS project representatives. The platform is performing well within the WAX ecosystem.

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.Twitter Hot Topics:

STX (Token) — BTC ecosystem tokens STX, RIF, and ALEX are experiencing an upward trend. STX has seen a surge in trading volume, surpassing BTC in trading volume on South Korean exchanges.

OP (Token) — BNB Chain has launched the opBNB testnet, based on an L2 scalability solution that is compatible with EVM. OP Stack has been adopted by Coinbase and Binance, and more Web3 applications are expected to be built on this basis in the future. Additionally, three improvement protocols, EIP-4844, EIP-1153, and EIP-6780, have been confirmed for the upcoming Cancun upgrade, expected to activate around October 2023. Speculation may increase in the period leading up to the upgrade.

5.Regional Trending Searches:

EDX Markets — EDX Markets, a digital asset marketplace backed by Citadel Securities, Fidelity Investments, and Charles Schwab, has officially announced the launch of its trading services and the completion of a new round of financing. Investors include Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. Products available for trading on EDX include BTC, ETH, LTC, and BCH. Later this year, EDX will launch EDX Clearing to settle trades matched on EDX Markets.

Main Body

Written by: Bitget Research

Data collection time: June 21, 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

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 0

ORDI (Token) — The BTC Ordinals ecosystem continues to maintain its innovative passion. Recently, Ordinals’ trusted lead maintainer, Raph, has merged the recursive inscription update from Ordinals creator Rodarmor into the Ordinals codebase on GitHub. As the core asset of Ordinals BRC-20, ORDI’s price trend is relatively more resilient than the broader market. The trading activity is good, with a 24-hour trading volume of US$20.41 million on the entire network. The token has already rebounded to the price above the large bearish candlestick observed on June 10th, indicating strong upward momentum.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

  • Total active users of ETH: 397,750
  • New active users of ETH: 76,853, with a daily decrease of 1.56%
  • Existing active users of ETH: 320,897, with a daily decrease of 11.39%

2.1.2 New User Profile

  • Core data: There were a total of 76,853 new active users on ETH yesterday, with a daily decrease of 1.56%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 1

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 2

  • Key Projects:

zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 964,000 unique wallet addresses on the zkSync Era mainnet, with 469,000 ETH bridged to zkSync and a total of 1.167 million transfers. Additionally, users can use https://byfishh.github.io/zk-flow/ to check the interaction frequency of their wallet with zkSync. Combined with the data from Dune’s dashboard, they can create high-quality accounts.

2.1.3 Existing User Profile

  • Core data: The number of ETH active existing users is 320,897, with a daily decrease of 11.39%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 3

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 4

  • Key Projects:

Fair721 (NFT) — Fair721 is an inscription model based on the ERC721 protocol. Each ERC721 NFT contains 1024 $F721 tokens, with a total supply of 10,240. Each address has a mint limit of 5 pieces. It is available on OpenSea, with a current floor price of 0.001 ETH, and a trading volume of 28 ETH and 4252 holders. https://opensea.io/collection/fair-721-2

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 5

ALPHA (Token) — This newly-launched meme was created by @Web3lfgg, an influencer on Twitter with 36,600 followers. The token has an on-chain liquidity of US$462,000 and a 24-hour trading volume of US$3.92 million. Contract checks reveal anti-whale measures and blacklist mechanism risks. The token has experienced a 33% decrease over the last 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x70235a346a1ec1d7a40181ff88a3a2e5260e1d04

STRAY (Token) — A community meme with a stray dog as its IP. It has 503 followers on Twitter. The token has an on-chain liquidity of US$269,000 and a 24-hour trading volume of US$6.1 million. The contract has no risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x6ecbfbee5e615051e865970da9361c18628b1aa9

4CHAN (Token) — A community meme with the famous forum community 4CHAN as its IP. It has 2557 followers on Twitter, and the community engagement in the project is quite high. The token has an on-chain liquidity of US$974,000, and a 24-hour trading volume of US$7.26 million, indicating strong performance. Contract checks reveal risks such as trading pauses, anti-whale measures, and adjustable tax rates. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x4ff4c7c8754127cc097910cf9d80400adef5b65d

2.2.2 Uniswap V3

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 6

AI (Token) — Positioned as an AI-powered meme, it shares the same acronym as the Arbdoge token. It has 37,000 followers on Twitter. The current on-chain liquidity is US$489,000, with a 24-hour trading volume of US$1.25 million, and 21,125 holders. Contract checks have not revealed any issues, but the token price has dropped by 36% in the past 24 hours, indicating significant volatility. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x32e12fe6f7f2af064aaed27fd612857944a0861c

SCAM (Token) — Positioned as a project to expose fraudulent activities in the market. On June 21, it paid US$3300 each to three “victims”, drawing the attention of the community. The token currently has an on-chain liquidity of US$242,000 and a 24-hour trading volume of US$755,000. Contract checks reveal risks such as anti-whale measures etc. The token has experienced a 40% decrease in the past 24 hours, showing significant volatility. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x31dadf3238518c299a4b87fc47f2714d0f922577

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

  • Total active users on BSC: 1,373,266
  • New active users on BSC: 199,629, with a daily increase of 27.61%
  • Existing active users on BSC: 1,173,637, with a daily increase of 2.37%

3.1.2 New User Profile

  • Core data: There were a total of 199,629 new active users on BSC yesterday, with a daily increase of 27.61%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 7

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 8

  • Key Projects:

ZAX (Token) — The project positions itself as a utility token based on the Binance Smart Chain. Its white paper contains extensive content but lacks a clear positioning. It has an on-chain liquidity of US$540,000 and a 24-hour trading volume of US$197,000. Contract checks reveal potential trading pauses. It is essential to observe its performance. https://www.dextools.io/app/en/bnb/pair-explorer/0xd9096c07182111b0a334538d533353c7b7dad4bb

3.1.3 Existing User Profile

  • Core data: The number of BSC active existing users is 1,173,637, with a daily increase of 2.37%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 9

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 10

  • Key Projects:

zkBridge on opBNB (NFT) — On June 20, Binance announced the launch of Binance Layer 2 opBNB testnet based on the op stack. Users can claim NFTs through zkbridge.com/nft-faucet/opb.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 11

FTC (Token) — FTC is suspected to be a circle of schemes project, adopting a co-market maker model where users add LP to join in market-making. The current on-chain liquidity is US$36.24 million, with a 24-hour trading volume of US$13.55 million. Contract checks have not revealed any issues. It is essential to stay updated on this token.

BTCGame (Token) — There is currently not much information available about the token. It has an on-chain liquidity of US$82,000 and a trading volume of US$2.08 million. Contract checks have not revealed any issues. The token price has surged by 81% in the last 24 hours, and the on-chain interaction activity is quite good. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xead842ba8d9a0de2f111458a6157831f6d175015

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

  • Total active users on Polygon: 461,150
  • New active users on Polygon: 110,837, with a daily increase of 10.31%
  • Existing active users on Polygon: 350,313, with a daily increase of 7.55%

4.1.2 New User Profile

  • Core data: There were a total of 110,837 new active users on Polygon yesterday, with a daily increase of 10.31%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 12

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 13

  • Key Projects:

XEN (Token) — XEN’s founder Jack recently tweeted a graph on Twitter showing the continuously growing consumption of XEN and said “XEN is used as currency to launch new projects”. Previously, by developing the XEN ecosystem and projects such as XENFT, XEN Torrent, DBXEN, and Xenlon that place “burning XEN” at the core of interaction, XEN’s price was pushed up and resulted in a continuous five-week surge. Users still hold positive expectations.

4.1.3 Existing User Profile

  • Core Data: The number of Polygon active existing users is 350,313, with a daily increase of 7.55%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 14

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 15

  • Key Projects:

Lens Protocol (DApp) — Lens Protocol has introduced a new governance model, namely the Lens Improvement Proposals (LIPs). Community members can suggest improvements to the protocol within this model. Currently, there are three live proposals under LIPs. The first proposal establishes an open governance model, while the second and third proposals are centered on open standards. These are respectively for encouraging the integration of third-party algorithms and machine learning (ML) services into the Lens Protocol, and for classifying, organizing, and tagging metadata within Lens.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 16

W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$94,000, and the 24-hour trading volume is US$694,000. Contract checks reveal potential mint function. Recently, trading volume has noticeably increased, with a bearish candlestick observed during the pullback. It is essential to observe its performance.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

  • Arbitrum Active Users: 190,120
  • Arbitrum New Active Users: 34,856, with a daily decrease of 3.85%
  • Arbitrum Existing Active Users: 155,264, with a daily increase of 6.79%

5.1.2 New User Profile

  • Core data: There were a total of 34,856 new active users on Arbitrum yesterday, with a daily decrease of 3.85%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 17

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 18

  • Key Projects:

Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.

5.1.3 Existing User Profile

  • Core data: The number of Arbitrum active existing users is 155,264, with a daily increase of 6.79%
  • Popular Sectors

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 19

  • Popular Projects

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 20

  • Key Projects:

Socket (DApp) — A multichain application, Socket’s primary offering is the Bungee Cross-Chain Aggregator. It has recently completed its hackathon event, SocketSurge Wave, where the top four developers, based on points, have been awarded their respective NFTs. The project has not issued its token, but there is anticipation around a potential airdrop. With impressive user experience, project users may want to monitor closely.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 21

GMX (Token) — On June 20, data from Crypto Fees showed that over the past seven days, the average daily transaction fee of the decentralized derivatives protocol GMX was US$883,234, surpassing the average daily transaction fee of the decentralized trading platform Uniswap, which was US$708,789. On June 11, BitMEX co-founder Arthur Hayes, the top holder of GMX, purchased more GMX at an average price of 45 USDT, marking his second purchase in nine months. It is important to keep a close watch on the price performance of GMX.

6.DApp Ecosystem — All Chains

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 22

Galxe (DApp) — An on-chain task platform and a top-tier DID application. Today, it launched its latest anti-sybil feature, the Sybil Prevention Credential, supported by 0xNomis. This credential is used to increase the success rate of promotions, prevent bots from claiming rewards, and improve the ROI of promotions by analyzing wallet activity on multiple EVM chains.

7.DApp Ecosystem — ETH Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 23

ETH2 Deposit Contract (DApp) — It has been over two months since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 22.93 million, with a staking rate of 19.26%. This represents an increase of approximately 4 million ETH compared to before the upgrade, indicating a continuous upward trend.

8.DApp Ecosystem — BSC Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 24

Secondlive (DApp) — Led by Binance Labs, Secondlive is a Metaverse live-streaming platform on the BSC. The project is yet to launch its own token, with airdrop expectations. It is deployed on multiple chains. Recently, it announced its expansion into the Scroll ecosystem and introduced a Scroll Uniform NFT minting promotion. Today, it collaborated with the Web3 social gaming project Plant Crossing and conducted a mystery box airdrop promotion, which has been well received.

9.DApp Ecosystem — Polygon Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 25

Lens Protocol (DApp) — Lens Protocol has introduced a new governance model, namely the Lens Improvement Proposals (LIPs). Community members can suggest improvements to the protocol within this model. Currently, there are three live proposals under LIPs. The first proposal establishes an open governance model, while the second and third proposals are centered on open standards. These are respectively for encouraging the integration of third-party algorithms and machine learning (ML) services into the Lens Protocol, and for classifying, organizing, and tagging metadata within Lens.

Taskon (DApp) — A popular Web3 on-chain task platform. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. In the past 24 hours, 5 projects added new promotions with tasks, indicating a high frequency of marketing promotions.

10.DApp Ecosystem — WAX Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 26

Alcor.exchange (DApp) — It provides trading infrastructure for EOS, WAX, TELOS, and PROTON. The official Twitter account has launched a promotion to find WAX and EOS project representatives. The platform is performing well within the WAX ecosystem.

11.DApp Ecosystem — Solana Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 27

Magic Eden (DApp) — The largest NFT trading market on Solana, Magic Eden has transitioned to a multi-chain development, including the latest BTC Ordinals NFT. Currently, it still maintains its top active application status within the Solana ecosystem. Its Launchpad is conducting an NFT drop for the Polygon Music Festival.

12.DApp Ecosystem — Arbitrum Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 28

GMX (Token) -GMX, a leading derivatives project on Arbitrum, has seen a more than 50% drop from its peak. Recently, the project has been mainly focusing on expanding collaborations based on GMX. BitMEX co-founder Arthur Hayes, the top holder of GMX, purchased 2327 GMX tokens during this month’s significant drop (approximately US$104,700) at an average price of US$45, marking his second purchase in nine months. The recent rebound has already resulted in a profit of nearly 20%. The platform’s trading volume over the past 24 hours is US$240 million, ranking at the forefront of derivatives DEXs.

13.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 29

Secondlive (DApp) — Led by Binance Labs, Secondlive is a Metaverse live-streaming platform on the BSC. The project is yet to launch its own token, with airdrop expectations. It is deployed on multiple chains. Recently, it announced its expansion into the Scroll ecosystem and introduced a Scroll Uniform NFT minting promotion. Today, it collaborated with the Web3 social gaming project Plant Crossing and conducted a mystery box airdrop promotion, which has been well received.

14.Gas Fee Consumption — ETH Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 30

Fair 721 (NFT) — Fair721 is an inscription model based on the ERC721 protocol. Each ERC721 NFT corresponds to a Fair721-transfer inscription. The mint started yesterday, with currently 4246 holders, and a floor price of 0.0009 ETH. https://opensea.io/collection/fair-721-2

15.Gas Fee Consumption — BSC Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 31

POPE (Token) — A Popeye-themed memecoin that carries a 5% on-chain transaction tax. The 24-hour trading volume is US$269,360, with 947 holders. The contract has no apparent risks, but the liquidity pool is low at US$62,270, which can lead to dramatic price volatility.

16.Gas Fee Consumption — Polygon Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 32

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.

17.Gas Fee Consumption — Arbitrum Chain

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 33

Layer Zero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. Currently, there are numerous contracts related to LayerZero on Arbitrum, making it the protocol with the highest level of interaction on Arbitrum.

18.Twitter Trends Token Top 20

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 34

STX (Token) — BTC ecosystem tokens STX, RIF, and ALEX are experiencing an upward trend. STX has seen a surge in trading volume, surpassing BTC in trading volume on South Korean exchanges.

OP (Token) — BNB Chain has launched the opBNB testnet, based on an L2 scalability solution that is compatible with EVM. OP Stack has been adopted by Coinbase and Binance, and more Web3 applications are expected to be built on this basis in the future. Additionally, three improvement protocols, EIP-4844, EIP-1153, and EIP-6780, have been confirmed for the upcoming Cancun upgrade, expected to activate around October 2023. Speculation may increase in the period leading up to the upgrade.

19.Google Trends — Global

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 35

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 36

EDX Markets — EDX Markets, a digital asset marketplace backed by Citadel Securities, Fidelity Investments, and Charles Schwab, has officially announced the launch of its trading services and the completion of a new round of financing. Investors include Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. Products available for trading on EDX include BTC, ETH, LTC, and BCH. Later this year, EDX will launch EDX Clearing to settle trades matched on EDX Markets.

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

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 37

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 38

a) South Asia Region

India Trending Tokens: TRX, UNO;

Trending Keywords: edx markets, crypto telegram groups

Pakistan Trending Keywords: is crypto trading halal

b) Southeast Asia Region

Indonesia Trending Keywords: uniswap, learn crypto

Singapore Trending Keywords: edx, crypto fear and greed index

Philippines Trending Tokens: BNB, BTC

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

No significant trending keyword was found.

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

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 39

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 40

a) CIS Region

Trending Keywords: crypto casinos, crypto capital, dune

b) English-speaking Countries

Australia Trending Tokens: LUNC, XRP, CBA, ATO, FLOKI

UK Trending Tokens: ADA, SUI, STX, GALA

USA Trending Keywords: deutsche bank crypto, edx, German bank, citadel

Canada Trending Tokens: DOGE, INJ

c) Europe

Spain Trending Tokens: WOJAK, MATIC, ADA

France Trending Tokens: HEX, FLUX, STX, BAT

Germany Trending Tokens: DOGE, LTC, HNT

Italy Trending Tokens: LTX, VELO, AVAX, KDA, STX

Poland Trending Tokens: HEX, LINA, XEN

Turkey Trending Keywords: edx markets, crypto kemal, fire faucet

Belgium Trending Tokens: FLUX

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

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 41

Bitget Research: Wall Street Giants-Backed Crypto Exchange EDX Markets Begins Operations This Week, Stimulating Over 6% Surge in BTC in the Past 24 Hours image 42

a) Africa

Nigeria Trending Keywords: kraken, gemini

South Africa Trending Tokens: XRP

b) Middle East

Trending Keywords: crypto bubbles, best crypto wallet

c) Latin America

Brazil Trending Tokens: HNT, XRP

Mexico Trending Tokens: YO, SOL

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