Bitget Research: COMP Continues to Lead the Market, DeFi Sector Fluctuates Upward

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:

COMP (Token) — BlackRock’s application for a Bitcoin spot ETF has spurred multiple asset management companies to apply, stimulating Bitcoin to rise to over US$30,000. BlackRock has a keen interest in the tokenization of real-world assets, causing a significant degree of rise in RWA-related projects. Compound’s founder and CEO, Robert Leshner, announced the establishment of a new company, Superstate. The company targets the current trend, RWA. They are dedicated to purchasing short-term U.S. treasury bonds and putting them on the blockchain for secondary recording, directly trading the ownership of the funds on-chain. Aligned with the current trend, the token has soared by over 100% in the past week.

VELA (Token) — Vela Exchange is a derivatives project on the Arbitrum ecosystem with an order book. After completing the beta testing phase, they returned assets to users and made product upgrades. The project operates in a good manner and offers leveraged trading for cryptocurrencies, traditional commodities, and forex. The official version of the product was recently launched and is currently in the stage of finding LPs. The user experience is solid, making it an essential project to stay updated on.

RDNT (Token) — A CDP project on the Arbitrum and BSC chains, with a continuously rising TVL, currently at US$272 million. With the collective rise of the DeFi sector, the token has seen an increase of 9% today, touching a weekly high of US$0.31. The project has strong fundamentals, and interaction can potentially result in airdrops from Layerzero, making it an important token to keep a close watch on.

PENDLE (Token) — Pendle’s TVL has recently seen a continuous rise since the Shanghai upgrade, increasing from a base of US$17 million to US$126 million. The token price has concurrently reached a new high of 1.01 USDT. The on- chain trading volume in the past 24 hours is US$2 million. PENDLE is available for trading on Bitget, and it is an essential token to stay updated on.

VMPX (Token) — XEN founder Jack recently held a community AMA session to promote VMPX as a bridge between Bitcoin, Ethereum, and the X1 public chain. As the X1 launch approaches, VMPX will be exchanged for XN tokens at a ratio of 1:3 in the future. Jack Levin announced yesterday on social media that VMPX can be claimed on the relevant website at 10:25 AM PST on July 4th. There has been considerable community interest in this announcement.

Shib (Token) — A famous memecoin, Shib experienced a surge during the previous bull market cycle. While the token’s recent performance has been weaker than the market, its trading community base remains strong, and there’s potential for price growth during a bull market. Additionally, the project is still developing the Shibarium chain, which could drive positive performance in the future, making it an essential token to stay updated on. Bitget has a related Shib section.

Bean (Token) — A platform token created by AzukiDao, has proposed hiring a lawyer to retrieve 20,000 ETH from the founder Zagabond. The recovered funds will be distributed to the DAO for community development and to provide incentives for artists, content creators, and builders. Azuki DAO is providing financial support for the 20,000E DAO to establish a research group for litigation purposes. Currently, the Bean token is not well-known and trading activity is not high, but it has a solid background. It has garnered interest from larger stakeholders in Azuki. The token’s performance has generated some community expectations.

PEPE2.0 (Token) — A memecoin created by wallet addresses blacklisted by the founder of PEPE, aiming to be more decentralized than PEPE. It has recently led the market for on-chain memecoins, giving rise to a series of 2.0 memecoins. The current market cap of the token is US$14.2 million, with a 24-hour trading volume of US$6.4 million, indicating high turnover. The token can be traded on Bitget.

SOP (Token) — Son of PEPE, it has a 24-hour trading volume of US$2.8 million, 3969 transactions, and 1388 unique holders. The token has seen a 23% pullback within the past 24 hours, posing a certain level of loss risk for participants. However, the total market cap of the token is comparatively low, only US$910,000.

RAP (Token) — Rhilo soraptor, a dinosaur-related memecoin. The token experienced a good trading activity, with 4221 transactions in the past 24 hours, and 1379 unique holders. The token’s total market cap is US$250,000, and it has seen a noticeable pullback, indicating a significant level of trading risk.

BRISE (Token) — A platform token named Bitgert. Bitgert is a blockchain, and its platform token is Brise. Recently, Bitgert announced the deployment of cross-chain tokens in the EVM ecosystem. After the deployment of tokens on the Ethereum chain, a large number of transactions occurred, with a 24-hour trading volume of US$5.28 million. BRISE can be traded on Bitget.

AGB (Token) — A community-driven memecoin related to the concept of monkeys getting rich, created by the BAYC and HAPE community. The token has gained good traction in terms of trading activity, with a 24-hour trading volume exceeding $3.1 million and the participation of 633 individual traders. The token has a liquidity of $684,000 and a total market cap of $7 million. There are no apparent contract issues with the token, making it worth monitoring for further developments.

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. It has an on-chain liquidity of US$55.6 million and a 24-hour trading volume of US$11.3 million. The price maintains high-level oscillation.

Quadrant Protocol (Token) — A data-driven tech company focused on improving mobile addresses and POI data. The project has low community attention and average token trading activity. On-chain data shows numerous fixed-amount transfers, indicating that users can receive token rewards for participation.

LINK (Token) — Chainlink is a well-known on-chain oracle project that is widely used by various projects to provide off-chain data feeds. It forms a significant support for these projects. Oracle data is a crucial component for the development of many applications. Project teams need to pay with the LINK token to utilize Chainlink services. It is expected that LINK will perform well during the bull market.

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$1.1 million, and the 24-hour trading volume is US$1.6 million. Contract checks reveal potential mint function. Recently, trading volume has noticeably increased, making it an essential token to stay updated on.

RWT (Token) — A token that was launched 3 days ago. There is no detailed project information on Twitter. The token has seen a plunge of 92% in the past three days. It has an on-chain liquidity of US$3.11 million, a 24-hour trading volume of US$2.83 million, and 309,000 holders. The contract has no issues, but the token is quite volatile. It is essential to observe the token’s performance.

2.Popular NFTs:

The Captainz (NFT) — A PFP series NFT launched by Memeland. Due to the recent Azuki incident, the price of the NFT has plummeted, while the trading volume has increased. According to Memeland’s official Twitter AMA information on July 2, the project is working on the next generation “Smart PFP” and has initiated a Starter Model. Some swappable and tradable NFT features will soon be launched. The AMA was attended by 7200 people, indicating significant community interest.

3.Popular DApps:

Maker (DApp) — MakerDAO is a well-known DeFi protocol and the issuer of the stablecoin DAI. Currently, DAI holds the third position in terms of market-wide stablecoin issuance. The MakerDAO community has proposed setting the Surplus Buffer limit to 50 million DAI. Any surplus beyond this limit would be used to buy MKR tokens and add liquidity. This proposal has caused a 12% increase in the platform token MKR within 24 hours, indicating high trading activity for the token.

Blur (DApp) — Due to the recent Azuki incident, the prices of PFP series NFTs have plummeted. As an NFT marketplace, Blur has seen a noticeable increase in UAW. As an important infrastructure in the NFT field, its token shows signs of rebounding.

Blend (DApp) — The total trading volume of Blend, the NFT lending platform under Blur, has exceeded US$1.17 billion, with a total of 94,000 loans. Blend’s recent NFT loans reached the liquidation line, which is a major reason for the further decline of blue-chip NFTs. The recent NFT market has been significantly volatile, which may present attractive trading opportunities. It is essential to stay updated on this project.

Tiny Tap (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.

PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a ‘Watch to Earn’ feature, aimed at enabling users around the world to enjoy quality and free content. Upon entering the Playbux metaverse platform, users can go to the ‘iQIYI Building’ to access shows and movies provided by iQIYI that are part of the ‘Watch to Earn’ feature. After reaching a certain viewing duration, they can participate in a lottery to win NFTs, BUSD, and other rewards.

Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. Most users continue to interact in anticipation of Layerzero’s future token issuance opportunity. Stargate continues to rank highly in terms of daily activity on Arbitrum.

Layerzero (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, various contracts using the LayerZero infrastructure have taken up nearly half of the gas consumption chart on the Arbitrum chain, including Stargate, Woo, and NFTs on Holograph.

Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received US$3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game activity has consistently remained among the top ranks of various chains. It announced on July 1 that the rewards for the last season can be claimed, leading to a noticeable increase in UAW recently.

Iskra (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The project’s token, ISK, was recently listed on ProBit, but trading demand is relatively low.

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. SecondLive is also deployed on Arbitrum. Early content providers of the project can earn $LIVE rewards. It is essential to stay updated on this project.

Tap Fantasy (DApp) — A famous MMORPG blockchain game project. At the end of June, it conducted a joint airdrop with Cat Paradise, with a prize pool of 3000 USDT. The event received high participation from the community and had a significant ripple effect. Recently, the community demonstrated a notable level of attention to the mid-term update overview of the S5 promotions.

Galxe (DApp) — A famous on-chain task platform. According to information promoted in its community, Galxe’s native EVM token will be deployed on more chains, including Arbitrum, Optimism, AVAX, Fantom, and Moonbeam, among others. The project will increase the GAL token incentives for users, offering potential for further increases in the UAW.

0x Protocol (DApp)- An infrastructure protocol that facilitates cross-chain transactions for ERC-20 tokens. The project has already launched its token, with a total market cap of US$170 million. Many DEXs use their services, and it is one of Layerzero’s competitors. With the upcoming launch of Layerzero, there may be more trading opportunities. The ZRX token is available for trading on Bitget.

Chingari (DApp) — A Web3 content management platform. Users on GariNetwork can express their opinions, entertain, and earn money. The project has decent popularity within the community, and its tweets receive a significant amount of views. However, as an on-chain application platform, its user volume requires improvement. It is essential to observe Chingari’s performance.

Odos (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has already partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform a short time ago. It has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. Odos has had no remarkable promotions recently.

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 1.12 million unique wallet addresses on the zkSync Era mainnet, with 584,000 ETH bridged to zkSync and a total of 1.364 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. However, recently there has been a surge in on-chain wallet theft incidents. Users need to be vigilant and timely revoke the authorization of any projects they have interacted with to secure their in-wallet assets.

L2BEAT (DApp) — L2BEAT is an analytical and research website dedicated to Ethereum Layer 2 (L2) scaling. It offers a comparison of various Ethereum L2 systems available at present. A key distinction of L2BEAT from similar websites is that it is committed to educating users and only lists projects that meet the strict definition of L2. The project team defines Layer 2 as a chain that derives its security entirely or partially from Ethereum’s Layer 1. This way, users do not have to rely on the honesty of the L2 validators to ensure the security of their funds. The activity level of the project has recently increased.

Slingshot (DApp) — Previously known as Dex.AG, Slingshot completed a US$3.1 million financing round in October 2020 and has since raised a total of US$18.1 million in financing from well-known VCs such as Ribbit Capital, Framework, IDEO, and Coinbase. The project is a Layer 2-focused DEX that has not launched its own token. Its Similarweb monthly visit count is 79,100, with the main traffic coming from Taiwan, the United States, Russia, and Ukraine.

4.Twitter Hot Topics:

COMP (Token) — BlackRock’s application for a Bitcoin spot ETF has spurred multiple asset management companies to apply, stimulating Bitcoin to rise to over US$30,000. BlackRock has a keen interest in the tokenization of real-world assets, causing a significant degree of rise in RWA-related projects. Compound’s founder and CEO, Robert Leshner, announced the establishment of a new company, Superstate. The company targets the current trend, RWA. They are dedicated to purchasing short-term U.S. treasury bonds and putting them on the blockchain for secondary recording, directly trading the ownership of the funds on-chain. Aligned with the current trend, the token has soared by over 100% in the past week.

5.Regional Trending Searches:

Bitcoin (Token) — Last week, the Chinese yuan continued to decline against the US dollar, currently maintaining around 7.24. The US dollar has strengthened due to Powell’s multiple mentions of two further interest rate hikes in the second half of the year. After a short-term correction, the US stock market began to rise again, with the SP 500 setting a new phase high. Bitcoin continued its strong performance over the weekend, repeatedly falling below the US$30,000 mark but always rebounding. The ETH/BTC exchange rate strengthened, with POW concept tokens such as BCH and LTC surging, driving the rise of other concept tokens like BSV and XEC. Signs of partial sector rotation began to appear in the altcoin market, with the leading RWA concept token COMP performing strongly recently. BlackRock has shown interest in the tokenization of real-world assets, which brings imaginative possibilities to the RWA sector. The key focus for this week will be whether Bitcoin can successfully stabilize and break through the US$31,000 mark, and whether the ETH/BTC exchange rate can continue to strengthen, triggering another altcoin rally.

Main Body

Written by: Bitget Research

Data collection time: July 3, 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

VMPX (Token) — XEN founder Jack recently held a community AMA session to promote VMPX as a bridge between Bitcoin, Ethereum, and the X1 public chain. As the X1 launch approaches, VMPX will be exchanged for XN tokens at a ratio of 1:3 in the future. Jack Levin announced yesterday on social media that VMPX can be claimed on the relevant website (https://getvmpx.com/) at 10:25 AM PST on July 4th. There has been considerable community interest in this announcement.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

• Total active users of ETH: 362,952
• New active users of ETH: 85,063, with a daily decrease of 5.44%
• Existing active users of ETH: 277,889, with a daily decrease of 10.20%

2.1.2 New User Profile

• Core data: There were a total of 85,063 new active users on ETH yesterday, with a daily decrease of 5.44%
• Popular Sectors

• Popular Projects

• Key Projects:

Shib (Token) — A famous memecoin, Shib experienced a surge during the previous bull market cycle. While the token’s recent performance has been weaker than the market, its trading community base remains strong, and there’s potential for price growth during a bull market. Additionally, the project is still developing the Shibarium chain, which could drive positive performance in the future, making it an essential token to stay updated on. Bitget has a related Shib section. https://www.bitget.com/spot/SHIBUSDT?type=spot

Bean (Token) — A platform token created by AzukiDao, has proposed hiring a lawyer to retrieve 20,000 ETH from the founder Zagabond. The recovered funds will be distributed to the DAO for community development and to provide incentives for artists, content creators, and builders. Azuki DAO is providing financial support for the 20,000E DAO to establish a research group for litigation purposes. Currently, the Bean token is not well-known and trading activity is not high, but it has a solid background. It has garnered interest from larger stakeholders in Azuki. The token’s performance has generated some community expectations. https://www.dextools.io/app/cn/ether/pair-explorer/0xb87995553bf51fb718adfdee015328425cb98019

2.1.3 Existing User Profile

• Core data: The number of ETH active existing users is 277,889, with a daily decrease of 10.20%
• Popular Sectors

• Popular Projects

• Key Projects:

Blend (DApp) — The total trading volume of Blend, the NFT lending platform under Blur, has exceeded US$1.17 billion, with a total of 94,000 loans. Blend’s recent NFT loans reached the liquidation line, which is a major reason for the further decline of blue-chip NFTs. The recent NFT market has been significantly volatile, which may present attractive trading opportunities. It is essential to stay updated on this project.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PEPE2.0 (Token) — A memecoin created by wallet addresses blacklisted by the founder of PEPE, aiming to be more decentralized than PEPE. It has recently led the market for on-chain memecoins, giving rise to a series of 2.0 memecoins. The current market cap of the token is US$14.2 million, with a 24-hour trading volume of US$6.4 million, indicating high turnover. The token can be traded on Bitget. https://dexscreener.com/ethereum/0x076a3e1500f3110d8f4445d396a3d7ca6d0ca269

SOP (Token) — Son of PEPE, it has a 24-hour trading volume of US$2.8 million, 3969 transactions, and 1388 unique holders. The token has seen a 23% pullback within the past 24 hours, posing a certain level of loss risk for participants. However, the total market cap of the token is comparatively low, only US$910,000. https://dexscreener.com/ethereum/0x28d3b36c0e064b455b8ca28cc0fb57fe20f949f9

RAP (Token) — Rhilosoraptor, a dinosaur-related memecoin. The token experienced a good trading activity, with 4221 transactions in the past 24 hours, and 1379 unique holders. The token’s total market cap is US$250,000, and it has seen a noticeable pullback, indicating a significant level of trading risk. https://dexscreener.com/ethereum/0x0837caa774aa72d64a6050400fb1ab7b055b214f

2.2.2 Uniswap V3

BRISE (Token) — A platform token named Bitgert. Bitgert is a blockchain, and its platform token is Brise. Recently, Bitgert announced the deployment of cross-chain tokens in the EVM ecosystem. After the deployment of tokens on the Ethereum chain, a large number of transactions occurred, with a 24-hour trading volume of US$5.28 million. BRISE can be traded on Bitget. https://www.bitget.com/spot/SHIBUSDT?type=spot

AGB (Token) — A community-driven memecoin related to the concept of monkeys getting rich, created by the BAYC and HAPE community. The token has gained good traction in terms of trading activity, with a 24-hour trading volume exceeding $3.1 million and the participation of 633 individual traders. The token has a liquidity of $684,000 and a total market cap of $7 million. There are no apparent contract issues with the token, making it worth monitoring for further developments. https://dexscreener.com/ethereum/0x4ec7d47cfd3f35e47b86f9eaa31cb9d3ee1e801a

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

• Total active users on BSC: 1,247,617
• New active users on BSC: 168,025, with a daily decrease of 14.72%
• Existing active users on BSC: 1,079,592, with a daily decrease of 3.55%

3.1.2 New User Profile

• Core data: There were a total of 168,025 new active users on BSC yesterday, with a daily decrease of 14.72%
• Popular Sectors

• Popular Projects

• Key Projects:

Tiny Tap (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.

3.1.3 Existing User Profile

• Core data: The number of BSC active existing users is 1,079,592, with a daily decrease of 3.55%
• Popular Sectors

• Popular Projects

• Key Projects:

PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a ‘Watch to Earn’ feature, aimed at enabling users around the world to enjoy quality and free content. Upon entering the Playbux metaverse platform, users can go to the ‘iQIYI Building’ to access shows and movies provided by iQIYI that are part of the ‘Watch to Earn’ feature. After reaching a certain viewing duration, they can participate in a lottery to win NFTs, BUSD, and other rewards.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

SOP (Token) — Son of Pepe, a rug pull token. After establishing the token contract and the LP yesterday, they hyped up the trading volume and controlled the token price through market-making on their own, leading to financial losses for participating investors. The token’s LP has already been removed, meaning there is no longer any point in trading it. There have been numerous rug pull schemes on DEXs recently, requiring investors to manage their risks effectively.

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. It has an on-chain liquidity of US$55.6 million and a 24-hour trading volume of US$11.3 million. The price maintains high-level oscillation.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

• Total active users on Polygon: 408,984
• New active users on Polygon: 95,063, with a daily decrease of 12.78%
• Existing active users on Polygon: 313,921, with a daily increase of 3.02%

4.1.2 New User Profile

• Core data: There were a total of 95,063 new active users on Polygon yesterday, with a daily decrease of 12.78%
• Popular Sectors

• Popular Projects

• Key Projects:

Maker (DApp) — MakerDAO is a well-known DeFi protocol and the issuer of the stablecoin DAI. Currently, DAI holds the third position in terms of market-wide stablecoin issuance. The MakerDAO community has proposed setting the Surplus Buffer limit to 50 million DAI. Any surplus beyond this limit would be used to buy MKR tokens and add liquidity. This proposal has caused a 12% increase in the platform token MKR within 24 hours, indicating high trading activity for the token. https://www.bitget.com/spot/MKRUSDT?type=spot

4.1.3 Existing User Profile

• Core Data: The number of Polygon active existing users is 313,921, with a daily increase of 3.02%
• Popular Sectors

• Popular Projects

• Key Projects:

Quadrant Protocol (Token) — A data-driven tech company focused on improving mobile addresses and POI data. The project has low community attention and average token trading activity. On-chain data shows numerous fixed-amount transfers, indicating that users can receive token rewards for participation.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

LINK (Token) — Chainlink is a well-known on-chain oracle project that is widely used by various projects to provide off-chain data feeds. It forms a significant support for these projects. Oracle data is a crucial component for the development of many applications. Project teams need to pay with the LINK token to utilize Chainlink services. It is expected that LINK will perform well during the bull market. https://www.bitget.com/spot/LINKUSDT?type=spot

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$1.1 million, and the 24-hour trading volume is US$1.6 million. Contract checks reveal potential mint function. Recently, trading volume has noticeably increased, making it an essential token to stay updated on. https://dexscreener.com/polygon/0xa90c1c009dc8292bd04ced30f9b53a5ff7a806a0

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

• Arbitrum Active Users: 175,549
• Arbitrum New Active Users: 33,109, with a daily increase of 6.39%
• Arbitrum Existing Active Users: 142,440, with a daily decrease of 1.74%

5.1.2 New User Profile

• Core data: There were a total of 33,109 new active users on Arbitrum yesterday, with a daily increase of 6.39%
• Popular Sectors

• Popular Projects

• Key Projects:

Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. Most users continue to interact in anticipation of Layerzero’s future token issuance opportunity. Stargate continues to rank highly in terms of daily activity on Arbitrum.

5.1.3 Existing User Profile

• Core data: The number of Arbitrum active existing users is 142,440, with a daily decrease of 1.74%
• Popular Sectors

• Popular Projects

• Key Projects:

Layerzero (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, various contracts using the LayerZero infrastructure have taken up nearly half of the gas consumption chart on the Arbitrum chain, including Stargate, Woo, and NFTs on Holograph.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

VELA (Token) — Vela Exchange is a derivatives project on the Arbitrum ecosystem with an order book. After completing the beta testing phase, they returned assets to users and made product upgrades. The project operates in a good manner and offers leveraged trading for cryptocurrencies, traditional commodities, and forex. The official version of the product was recently launched and is currently in the stage of finding LPs. The user experience is solid, making it an essential project to stay updated on. https://www.bitget.com/spot/VELAUSDT?type=spot

RDNT (Token) — A CDP project on the Arbitrum and BSC chains, with a continuously rising TVL, currently at US$272 million. With the collective rise of the DeFi sector, the token has seen an increase of 9% today, touching a weekly high of US$0.31. The project has strong fundamentals, and interaction can potentially result in airdrops from Layerzero, making it an important token to keep a close watch on. https://www.bitget.com/spot/RDNTUSDT?type=spot

PENDLE (Token) — Pendle’s TVL has recently seen a continuous rise since the Shanghai upgrade, increasing from a base of US$17 million to US$126 million. The token price has concurrently reached a new high of 1.01 USDT. The on-chain trading volume in the past 24 hours is US$2 million. PENDLE is available for trading on Bitget, and it is an essential token to stay updated on. https://www.bitget.com/spot/PENDLEUSDT?type=spot

6.DApp Ecosystem — All Chains

Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received US$3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game activity has consistently remained among the top ranks of various chains. It announced on July 1 that the rewards for the last season can be claimed, leading to a noticeable increase in UAW recently.

Iskra (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The project’s token, ISK, was recently listed on ProBit, but trading demand is relatively low.

7.DApp Ecosystem — ETH Chain

The Captainz (NFT) — A PFP series NFT launched by Memeland. Due to the recent Azuki incident, the price of the NFT has plummeted, while the trading volume has increased. According to Memeland’s official Twitter AMA information on July 2, the project is working on the next generation “Smart PFP” and has initiated a Starter Model. Some swappable and tradable NFT features will soon be launched. The AMA was attended by 7200 people, indicating significant community interest.

Blur (Dapp) — Due to the recent Azuki incident, the prices of PFP series NFTs have plummeted. As an NFT marketplace, Blur has seen a noticeable increase in UAW. As an important infrastructure in the NFT field, its token shows signs of rebounding.

8.DApp Ecosystem — BSC Chain

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. SecondLive is also deployed on Arbitrum. Early content providers of the project can earn $LIVE rewards. It is essential to stay updated on this project.

Tap Fantasy (DApp) — A famous MMORPG blockchain game project. At the end of June, it conducted a joint airdrop with Cat Paradise, with a prize pool of 3000 USDT. The event received high participation from the community and had a significant ripple effect. Recently, the community demonstrated a notable level of attention to the mid-term update overview of the S5 promotions.

9.DApp Ecosystem — Polygon Chain

Galxe (DApp) — A famous on-chain task platform. According to information promoted in its community, Galxe’s native EVM token will be deployed on more chains, including Arbitrum, Optimism, AVAX, Fantom, and Moonbeam, among others. The project will increase the GAL token incentives for users, offering potential for further increases in the UAW.

0x Protocol (DApp)- An infrastructure protocol that facilitates cross-chain transactions for ERC-20 tokens. The project has already launched its token, with a total market cap of US$170 million. Many DEXs use their services, and it is one of Layerzero’s competitors. With the upcoming launch of Layerzero, there may be more trading opportunities. The ZRX token is available for trading on Bitget.

10.DApp Ecosystem — WAX Chain

The UAW of the WAX ecosystem projects has not changed significantly. It is essential to stay updated on this topic.

11.DApp Ecosystem — Solana Chain

Leading projects in the Solana ecosystem experienced a sharp drop in UAW yesterday, while the UAW data for smaller projects was relatively average.

Chingari (DApp) — A Web3 content management platform. Users on GariNetwork can express their opinions, entertain, and earn money. The project has decent popularity within the community, and its tweets receive a significant amount of views. However, as an on-chain application platform, its user volume requires improvement. It is essential to observe Chingari’s performance.

12.DApp Ecosystem — Arbitrum Chain

Odos (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has already partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform a short time ago. It has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. Odos has had no remarkable promotions recently.

13.DApp Ecosystem — GameFi Sector Across All Chains

The reasons for UAW growth in Splinterlands, Iskra, and SecondLive have been explained earlier in the report.

14.Gas Fee Consumption — ETH Chain

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 1.12 million unique wallet addresses on the zkSync Era mainnet, with 584,000 ETH bridged to zkSync and a total of 1.364 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. However, recently there has been a surge in on-chain wallet theft incidents. Users need to be vigilant and timely revoke the authorization of any projects they have interacted with to secure their in-wallet assets.

15.Gas Fee Consumption — BSC Chain

RWT (Token) — A token that was launched 3 days ago. There is no detailed project information on Twitter. The token has seen a plunge of 92% in the past three days. It has an on-chain liquidity of US$3.11 million, a 24-hour trading volume of US$2.83 million, and 309,000 holders. The contract has no issues, but the token is quite volatile. It is essential to observe the token’s performance. https://www.dextools.io/app/en/bnb/pair-explorer/0xadad973f8920bc511d94aade2762284f621f1467

16.Gas Fee Consumption — Polygon Chain

L2BEAT (DApp) — L2BEAT is an analytical and research website dedicated to Ethereum Layer 2 (L2) scaling. It offers a comparison of various Ethereum L2 systems available at present. A key distinction of L2BEAT from similar websites is that it is committed to educating users and only lists projects that meet the strict definition of L2. The project team defines Layer 2 as a chain that derives its security entirely or partially from Ethereum’s Layer 1. This way, users do not have to rely on the honesty of the L2 validators to ensure the security of their funds. The activity level of the project has recently increased.

17.Gas Fee Consumption — Arbitrum Chain

Slingshot (DApp) — Previously known as Dex.AG, Slingshot completed a US$3.1 million financing round in October 2020 and has since raised a total of US$18.1 million in financing from well-known VCs such as Ribbit Capital, Framework, IDEO, and Coinbase. The project is a Layer 2-focused DEX that has not launched its own token. Its Similarweb monthly visit count is 79,100, with the main traffic coming from Taiwan, the United States, Russia, and Ukraine.

18.Twitter Trends Token Top 20

COMP (Token) — BlackRock’s application for a Bitcoin spot ETF has spurred multiple asset management companies to apply, stimulating Bitcoin to rise to over US$30,000. BlackRock has a keen interest in the tokenization of real-world assets, causing a significant degree of rise in RWA-related projects. Compound’s founder and CEO, Robert Leshner, announced the establishment of a new company, Superstate. The company targets the current trend, RWA. They are dedicated to purchasing short-term U.S. treasury bonds and putting them on the blockchain for secondary recording, directly trading the ownership of the funds on-chain. Aligned with the current trend, the token has soared by over 100% in the past week.

19.Google Trends — Global

Bitcoin (Token) — Last week, the Chinese yuan continued to decline against the US dollar, currently maintaining around 7.24. The US dollar has strengthened due to Powell’s multiple mentions of two further interest rate hikes in the second half of the year. After a short-term correction, the US stock market began to rise again, with the SP 500 setting a new phase high. Bitcoin continued its strong performance over the weekend, repeatedly falling below the US$30,000 mark but always rebounding. The ETH/BTC exchange rate strengthened, with POW concept tokens such as BCH and LTC surging, driving the rise of other concept tokens like BSV and XEC. Signs of partial sector rotation began to appear in the altcoin market, with the leading RWA concept token COMP performing strongly recently. BlackRock has shown interest in the tokenization of real-world assets, which brings imaginative possibilities to the RWA sector. The key focus for this week will be whether Bitcoin can successfully stabilize and break through the US$31,000 mark, and whether the ETH/BTC exchange rate can continue to strengthen, triggering another altcoin rally.

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

a) South Asia Region

India Trending Tokens: LUNC, XXA, CELO;

Trending Keywords: Crypto batter .com, Crypto tax calculator india

Pakistan Trending Keywords: Crypto Screener, Faucetpay, Crypto wodl binance answer today, top 10 crypto exchanges

b) Southeast Asia Region

Malaysia Trending Tokens: DOGE, BTC, SOL

Philippines Trending Tokens: COMP, DOT, XRP, PEPE, MATIC

Vietnam Trending Keywords: Binance, what is blockchain

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

Trending Keywords: Crypto bubble, Crypto trading platform, Crypto news

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

a) CIS Region

Trending Keywords: Crypto bubbles, Best change, Binance

b) English-speaking Countries

Australia Trending Tokens: ATOM, SOL, XEN, PEPE

USA Trending Tokens: COMP, RGT, SOL

Canada Trending Tokens: COMP, PI, ILV, XRP, MATIC, PEPE

UK Trending Tokens: KAS, COMP, CFG, lCX

c) Europe

Spain Trending Tokens: MICA, ALU, COMP, ADA

Poland Trending Tokens: PEPE

Germany Trending Tokens: CSPR, XRP;

Trending Keywords: Bitget, Ledger, create crypto wallet

Switzerland Trending Tokens: CSPR, XRP

Turkey Trending Keywords: Crypto faucet, binance, coinbase, coinpayu

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

a) Africa

Nigeria Trending Tokens: SOL, LTC

South Africa Trending Keywords: Coinmarketcap, binance login, altcointrader

b) Middle East

Trending Keywords: Crypto bubbles, best crypto to invest

c) Latin America

Brazil Trending Tokens: ADA, XEC, LUNA

Mexico Trending Tokens: ETH, BTC

Argentina Trending Keywords: Solain, Crypto market

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