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Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate

Bitget Research
2023/07/06
Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate
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:

WHEE (Token) — BRC-20 memecoin. Twitter influencer @markjeffrey, with 53,500 followers, has repeatedly recommended and bought the token. It has a market cap of US$6.8 million, a trading volume of US$95,000, and experienced an 8% increase in the past 24 hours. It recently launched the first batch of EVM cross-chain bridges, Multibit Bridge, which supports ORDI, OXBT, and WHEE cross-chain operations, resulting in a significant increase in popularity.

Shib (Token) — A 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.

VMPX (Token) — eVMPX token’s mint phase officially started at 1:25 AM (UTC+8) on July 5. Users only need to pay the gas fee to mint. In the future, eVMPX can be exchanged for the chain token XN launched by XEN at a ratio of 1:3, leading to an increase in popularity recently. Due to the potential dilution of the token value, the BRC-20 formatted VMPX saw a single-day price drop of 40%. The VMPX Mint contract on Ethereum burned 1900 ETH yesterday, pushing the network gas fee to around 50. Bitget has already listed VMPX-ERC20 (VMPXERC20) in the Memes zone. It is essential to keep a close watch on this token.

WOOO (Token) — A token with “Wooonen”, as its IP. It also features an NFT collection and plans to unveil its second-generation NFTs soon. Holders of the first-generation NFTs can exchange them for Wooo tokens and qualify for second-generation NFTs. The project may have ties with Pogai and Lowb projects. It has an on-chain liquidity of US$280,000 and a 24-hour trading volume of US$540,000. The token experienced a decrease of more than 50% from its high point.

METIS (Token) — The price of METIS on BSC has plummeted by 99%. The Metis official team stated that it had taken snapshots of the METIS holder addresses on the BNB Chain at two points: at the time of Poly Network’s exploit, and at the time of the exploiters’ first sale of exploited METIS. Addresses buying METIS on the BNB Chain after the time of the snapshot will not be recognized. They also advise users not to interact with the METIS token contract on the BNB Chain, as a new contract will be deployed.

RWT (Token) — REVA LINK wallet’s newly launched token. The project has low popularity, with 171 followers on Twitter. The token has an on-chain liquidity of US$12.67 million, a 24-hour trading volume of US$18.69 million, and a market cap of US$12.8 billion. It comes with high risk, making it essential to monitor its performance.

PENDLE (Token) — The price of Pendle surged by 40% after it was listed on Binance, followed by a pullback and a drop below the rally point, indicating sell orders by major profit-takers. Currently, Pendle has a total TVL of $126 million, accounting for only two-hundredths of the total TVL in the LSD sector. Despite this, Pendle still holds significant potential. Another project in the same sector, LBR, has already been listed on Bitget, making it worth monitoring as well.

Zillon AAKAR XO (Token) — The token rose by 36% yesterday, with a trading volume of US$760,000 on BSC. Frequent on-chain transactions have pushed the gas fee consumption to around the top 10 of the BSC chain. The token’s liquidity pool was established 1 year and 23 days ago. Its contract has vulnerabilities such as adjustable tax rates and suspension of transfers. It is essential to stay updated on this token.

2.Popular NFTs:

Fayden (NFT) — Project FADA. Based on the on-chain data, the contract follows the ERC-721 standard, and numerous “Set Approval For All” operations took place yesterday. The project’s NFT is available on OpenSea, with a total trading volume of 25 ETH and a floor price of 18.8 Matic. A total of 5552 NFTs were launched, and the collection currently has 1005 holders.

3.Popular DApps:

Playbux (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. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. Playbux entered and ranks at the forefront of the on-chain “Top 10 Social-Fi DApps” list based on users’ activity, with 130,000 users over the past 30 days, indicating high popularity.

Hooked (DApp) — A Binance Launchpad project and a Web3 education concept. Its AI-like product, Hooked Academy Sensei, will cooperate with OpenCampus to create the learning experience of the future. Currently, the token trading activity is moderate, mainly used by users of its app. Half a month ago, the project announced that its wallet was officially launched, garnering a lot of attention in a short period.

Maker (DApp) — MakerDAO officially announced that its lending protocol, Spark Protocol, will extend to multi-chains. To deploy Spark Protocol in the new domain, one must first create a post under the SubDAO TWO category on the Maker forum (providing background information, technical information, collateral information, liquidity information, etc.). The RWA sector has recently drawn attention, and MKR has related conceptual properties, leading to an increase in its popularity.

LayerZero (DApp) — LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. Currently, various contracts utilizing the LayerZero infrastructure have accounted for nearly half of the gas consumption on the Arbitrum chain. This includes NFTs on platforms such as Stargate, Woo, and Holograph.

ETH2 Deposit Contract (DApp) — It has been over ten months since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 20.81 million, with a staking rate of 17.29%. The extraction volume is gradually weakening, while the overall staking inflow rate continues its upward trend.

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.

NiftyKicks Factory (DApp) — Nifty Kicks is the first P2E game built on the Wax chain with a factory concept. The project carried out a PFP sale at the beginning of the month. The overall user interest has fluctuated, and the project has not maintained a consistent presence in the rankings. UAW has recently seen an increase due to gaming promotions.

ParaSwap (DApp) — A decentralized exchange on Polygon. Recently, it has published two significant project updates: 1. The community proposal PSP-IP32 has been approved. The proposal aims to enhance the project’s gas efficiency and reduce usage costs; 2. ParaSwap has entered into a partnership with FlashFlow, as announced in its community.

0x Protocol (DApp)- Known as 0x Protocol, it is 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$250 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. ZRX can be traded on Bitget.

4.Twitter Hot Topics:

MELD (Token) — Yesterday, MELD DeFi conducted an airdrop activity within the community, generating a strong viral effect for the project. As of now, the associated tweet has garnered 290,000 community views and received over 2,000 likes and retweets. The increased engagement and attention from the community have led to a significant rise in the number of searches for $MELD on Twitter. However, the token’s recen t price performance has been average, and there are currently no clear trading opportunities.

5.Regional Trending Searches:

BTC (Token) — Larry Fink, CEO of BlackRock, referred to cryptocurrencies as “Digital Gold” and Bitcoin as an international asset during an interview with Fox Business Channel on Wednesday. He explained that Bitcoin is not an investment in gold to hedge against any country’s heavy problems or any national currency devaluation; it is an international asset. The public support for BTC by the CEO of BlackRock has had a substantive positive effect on the BTC price, ending the period of price pullback.

Litecoin (Token) — EDX, a cryptocurrency exchange backed by renowned US institutions like Fidelity, Citadel, and Charles Schwab, supports trading in BTC, ETH, LTC, and BCH. LTC and BCH previously showed good market performance. Yesterday, the tokens experienced a pullback, with LTC and BCH each pulling back by approximately 15%, leading to an increase in liquidations. The volatility of these related tokens has increased, and investors should implement effective stop-loss and take-profit strategies.

Main Body

Written by: Bitget Research

Data collection time: July 6, 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: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 0

WHEE (Token) — BRC-20 memecoin. Twitter influencer @markjeffrey, with 53,500 followers, has repeatedly recommended and bought the token. It has a market cap of US$6.8 million, a trading volume of US$95,000, and experienced an 8% increase in the past 24 hours. It recently launched the first batch of EVM cross-chain bridges, Multibit Bridge, which supports ORDI, OXBT, and WHEE cross-chain operations, resulting in a significant increase in popularity.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 294,630

New active users of ETH: 61,257, with a daily decrease of 24.81%

Existing active users of ETH: 233,373, with a daily decrease of 19.61%

2.1.2 New User Profile

Core data: There were a total of 61,257 new active users on ETH yesterday, with a daily decrease of 24.81%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 1

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 2

Key Projects:

Shib (Token) — A 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.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 233,373, with a daily decrease of 19.61%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 3

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 4

Key Projects:

VMPX (Token) — eVMPX token’s mint phase officially started at 1:25 AM (UTC+8) on July 5. Users only need to pay the gas fee to mint. In the future, eVMPX can be exchanged for the chain token XN launched by XEN at a ratio of 1:3, leading to an increase in popularity recently. Due to the potential dilution of the token value, the BRC-20 formatted VMPX saw a single-day price drop of 40%. The VMPX Mint contract on Ethereum burned 1900 ETH yesterday, pushing the network gas fee to around 50. Bitget has already listed VMPX-ERC20 (VMPXERC20) in the Memes zone. It is essential to keep a close watch on this token.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 5

DOGE 2.0 (Token) — A memecoin based on the Pepe 2.0 concept that was actually created before PEPE 2.0. Influenced by the increase of PEPE 2.0, it reached a new high yesterday. In the past 24 hours, it has experienced a 10x increase, with a trading volume of US$15.22 million, and a market cap of US$8.27 million, indicating high popularity. https://www.dextools.io/app/en/ether/pair-explorer/0xd99034942c4a883ff3ed6cda6c91fe505a58eb2e

BOBO (Token) — A memecoin with a bear nature, supported by some members of the Pepe community and some members of the Milady community. After more than a month of consolidation at the bottom, it recently surged with a volume increase. It has experienced a 5x increase in the past three days, with a 24-hour trading volume of US$3.5 million, and a market cap of US$11.71 million. https://www.dextools.io/app/en/ether/pair-explorer/0xe945683b3462d2603a18bdfbb19261c6a4f03ad1

2.2.2 Uniswap V3

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 6

WOOO (Token) — A token with “Wooonen”, as its IP. It also features an NFT collection and plans to unveil its second-generation NFTs soon. Holders of the first-generation NFTs can exchange them for Wooo tokens and qualify for second-generation NFTs. The project may have ties with Pogai and Lowb projects. It has an on-chain liquidity of US$280,000 and a 24-hour trading volume of US$540,000. The token experienced a decrease of more than 50% from its high point.

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,337,096

New active users on BSC: 193,332, with a daily increase of 3.18%

Existing active users on BSC: 1,143,764, with a daily decrease of 0.45%

3.1.2 New User Profile

Core data: There were a total of 193,332 new active users on BSC yesterday, with a daily increase of 3.18%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 7

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 8

Key Projects:

Playbux (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. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. Playbux entered and ranks at the forefront of the on-chain “Top 10 Social-Fi DApps” list based on users’ activity, with 130,000 users over the past 30 days, indicating high popularity.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,143,764, with a daily decrease of 0.45%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 9

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 10

Key Projects:

Hooked (DApp) — A Binance Launchpad project and a Web3 education concept. Its AI-like product, Hooked Academy Sensei, will cooperate with OpenCampus to create the learning experience of the future. Currently, the token trading activity is moderate, mainly used by users of its app. Half a month ago, the project announced that its wallet was officially launched, garnering a lot of attention in a short period.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 11

METIS (Token) — The price of METIS on BSC has plummeted by 99%. The Metis official team stated that it had taken snapshots of the METIS holder addresses on the BNB Chain at two points: at the time of Poly Network’s exploit, and at the time of the exploiters’ first sale of exploited METIS. Addresses buying METIS on the BNB Chain after the time of the snapshot will not be recognized. They also advise users not to interact with the METIS token contract on the BNB Chain, as a new contract will be deployed.

RWT (Token) — REVA LINK wallet’s newly launched token. The project has low popularity, with 171 followers on Twitter. The token has an on-chain liquidity of US$12.67 million, a 24-hour trading volume of US$18.69 million, and a market cap of US$12.8 billion. It comes with high risk, making it essential to monitor its performance.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 391,138

New active users on Polygon: 78,041, with a daily decrease of 10.60%

Existing active users on Polygon: 313,097, with a daily decrease of 1.60%

4.1.2 New User Profile

Core data: There were a total of 78,041 new active users on Polygon yesterday, with a daily decrease of 10.60%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 12

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 13

Key Projects:

Maker (DApp) — MakerDAO officially announced that its lending protocol, Spark Protocol, will extend to multi-chains. To deploy Spark Protocol in the new domain, one must first create a post under the SubDAO TWO category on the Maker forum (providing background information, technical information, collateral information, liquidity information, etc.). The RWA sector has recently drawn attention, and MKR has related conceptual properties, leading to an increase in its popularity.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 313,097, with a daily decrease of 1.60%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 14

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 15

Key Projects:

Lens Protocol (DApp) — Lens Protocol, a Web3 social network protocol, has recently published the LIP-4 proposal. The proposal suggests introducing a Profile Guardian security layer, providing additional security for Lens Protocol profiles and helping users safeguard against online phishing scams.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 16

On Polygon, all UNI V3 pairs with a trading volume exceeding one million are mainstream cryptocurrencies.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 154,250

Arbitrum New Active Users: 23,895, with a daily decrease of 33.15%

Arbitrum Existing Active Users: 130,355, with a daily decrease of 13.28%

5.1.2 New User Profile

Core data: There were a total of 23,895 new active users on Arbitrum yesterday, with a daily decrease of 33.15%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 17

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 18

Key Projects:

Zkasino (DApp) — Developed by the Zigzag team, this gambling-type DApp has been deployed on multiple chains. Currently, it has over 20,000 users, with total betting funds exceeding US$200 million. Its V2 version ranks first in terms of new user on-chain interactions on Arbitrum.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 130,355, with a daily decrease of 13.28%

Popular Sectors

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 19

Popular Projects

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 20

Key Projects:

LayerZero (DApp) — LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. Currently, various contracts utilizing the LayerZero infrastructure have accounted for nearly half of the gas consumption on the Arbitrum chain. This includes NFTs on platforms such as Stargate, Woo, and Holograph.

Arbitrum Inscriptions (NFT) — Positioned as the first anime on the blockchain, it has 80,000 followers on Twitter, including over 50 influencers. It announced its launch on Arbitrum on June 26, and the NFT is currently available on OpenSea, with 13,945 holders.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 21

PENDLE (Token) — The price of Pendle surged by 40% after it was listed on Binance, followed by a pullback and a drop below the rally point, indicating sell orders by major profit-takers. Currently, Pendle has a total TVL of $126 million, accounting for only two-hundredths of the total TVL in the LSD sector. Despite this, Pendle still holds significant potential. Another project in the same sector, LBR, has already been listed on Bitget, making it worth monitoring as well.

6.DApp Ecosystem — All Chains

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 22

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

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 23

ETH2 Deposit Contract (DApp) — It has been over ten months since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 20.81 million, with a staking rate of 17.29%. The extraction volume is gradually weakening, while the overall staking inflow rate continues its upward trend.

8.DApp Ecosystem — BSC Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 24

Playbux (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. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. Playbux entered and ranks at the forefront of the on-chain “Top 10 Social-Fi DApps” list based on users’ activity, with 130,000 users over the past 30 days, indicating high popularity.

9.DApp Ecosystem — Polygon Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 25

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

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 26

NiftyKicks Factory (DApp) — Nifty Kicks is the first P2E game built on the Wax chain with a factory concept. The project carried out a PFP sale at the beginning of the month. The overall user interest has fluctuated, and the project has not maintained a consistent presence in the rankings. UAW has recently seen an increase due to gaming promotions.

11.DApp Ecosystem — Solana Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 27

Mercurial’s base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.

12.DApp Ecosystem — Arbitrum Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 28

ParaSwap (DApp) — A decentralized exchange on Polygon. Recently, it has published two significant project updates: 1. The community proposal PSP-IP32 has been approved. The proposal aims to enhance the project’s gas efficiency and reduce usage costs; 2. ParaSwap has entered into a partnership with FlashFlow, as announced in its community.

13.DApp Ecosystem — GameFi Sector Across All Chains

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 29

Nine Chronicles (DApp) — A blockchain game supported by Ubisoft, with 126,000 Twitter followers including 91 influencers. The game’s content is continuously updated. On June 14, it announced its participation in the Web3 Gaming WEEK event, increasing its exposure in the community.

14.Gas Fee Consumption — ETH Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 30

VMPX (Token) — eVMPX token’s mint phase officially started at 1:25 AM (UTC+8) on July 5. Users only need to pay the gas fee to mint. In the future, eVMPX can be exchanged for the chain token XN launched by XEN at a ratio of 1:3, leading to an increase in popularity recently. Due to the potential dilution of the token value, the BRC-20 formatted VMPX saw a single-day price drop of 40%. The VMPX Mint contract on Ethereum burned 1900 ETH yesterday, pushing the network gas fee to around 50. Bitget has already listed VMPX-ERC20 (VMPXERC20) in the Memes zone. It is essential to keep a close watch on this token.

15.Gas Fee Consumption — BSC Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 31

Zillon AAKAR XO (Token) — The token rose by 36% yesterday, with a trading volume of US$760,000 on BSC. Frequent on-chain transactions have pushed the gas fee consumption to around the top 10 of the BSC chain. The token’s liquidity pool was established 1 year and 23 days ago. Its contract has vulnerabilities such as adjustable tax rates and suspension of transfers. It is essential to stay updated on this token.

16.Gas Fee Consumption — Polygon Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 32

Fayden (NFT) — Project FADA. Based on the on-chain data, the contract follows the ERC-721 standard, and numerous “Set Approval For All” operations took place yesterday. The project’s NFT is available on OpenSea, with a total trading volume of 25 ETH and a floor price of 18.8 Matic. A total of 5552 NFTs were launched, and the collection currently has 1005 holders. https://opensea.io/collection/project-fada

17.Gas Fee Consumption — Arbitrum Chain

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 33

0x Protocol (DApp)- Known as 0x Protocol, it is 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$250 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. ZRX can be traded on Bitget.

18.Twitter Trends Token Top 20

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 34

MELD (Token) — Yesterday, MELD DeFi conducted an airdrop activity within the community, generating a strong viral effect for the project. As of now, the associated tweet has garnered 290,000 community views and received over 2,000 likes and retweets. The increased engagement and attention from the community have led to a significant rise in the number of searches for $MELD on Twitter. However, the token’s recent price performance has been average, and there are currently no clear trading opportunities.

19.Google Trends — Global

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 35

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 36

BTC (Token) — Larry Fink, CEO of BlackRock, referred to cryptocurrencies as “Digital Gold” and Bitcoin as an international asset during an interview with Fox Business Channel on Wednesday. He explained that Bitcoin is not an investment in gold to hedge against any country’s heavy problems or any national currency devaluation; it is an international asset. The public support for BTC by the CEO of BlackRock has had a substantive positive effect on the BTC price, ending the period of price pullback.

Litecoin (Token) — EDX, a cryptocurrency exchange backed by renowned US institutions like Fidelity, Citadel, and Charles Schwab, supports trading in BTC, ETH, LTC, and BCH. LTC and BCH previously showed good market performance. Yesterday, the tokens experienced a pullback, with LTC and BCH each pulling back by approximately 15%, leading to an increase in liquidations. The volatility of these two tokens has increased, and investors need to implement take-profit and stop-loss strategies.

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

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 37

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 38

a) South Asia Region

India Trending Keywords: Tafcop, USDB, FOMC, OLYMP, Indian Crypto Exchange

Pakistan Trending Keywords: Coingecko, Fomc, DCA, Crypto Signals

b) Southeast Asia Region

Indonesia Trending Tokens: Cara, BTC, Airdrop

Philippines Trending Tokens: MAYA, AAVE, Pi, Chronos

Vietnam Trending Keywords: TradingView, Crypto Exchange

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

Hong Kong Trending Tokens: Crypto News, BTC

Japan Trending Tokens: My Crypto Heroes

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

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 39

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 40

a) CIS Region

Trending Keywords: Airdrop, Free Litecoin, Stargate, Arkham

b) English-speaking Countries

USA Trending Tokens: Kusama, ADA, Propy

Canada Trending Tokens: XRP, FTX, BTC, GALA, BCH

c) Europe

Poland Trending Tokens: BAT, BTC, XRP

France Trending Tokens: AXL, THETA, XLM, APT, 4CHAN, WOJAK, CFG, STORJ

Germany Trending Keywords: BIT, Crypto Trading Bot, Elon Musk, Wall Street Memes

Turkey Trending Keywords: Coinpayu, Total MarketCap, Shping, Crypto news

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

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 41

Bitget Research: VMPX Minting Gas Consumption Exceeds 1900 ETH, Crypto Market Continues to Fluctuate image 42

a) Africa

Trending Keywords: Bitcoin, NFT, Dogecoin

b) Middle East

Trending Keywords: Coinbase, PLTR, Zim Mania

c) Latin America

Brazil Trending Tokens: CMC, STX, Floki, LINK, Mercury, Kusama

Mexico Trending Tokens: AAVE, YO, SOL

Argentina Trending Tokens: FTM, ARB

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