Bitget Research: Arkham Conducts IEO and Confirms Airdrop, Rumors of LayerZero Coin Issuance Drive STG Price Surge

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:

ARKM (Token) — Arkham is the 32nd Launchpad project soon to be listed on Binance. Arkham is an encrypted intelligence analysis platform aiming to systematically analyze and deanonymize blockchain transactions. Arkham announced that it would launch its on-chain intelligence trading platform, Arkham Intel Exchange, on July 18. The announcement also included that the ARKM airdrop snapshot was taken on July 8, and the airdrop will be launched on July 18.

TRAC (BRC-20 Token) — $TRAC was deployed by Benny, a developer from @Raritygarden, on May 3, and the mint phase was completed on May 5. It aims to build a decentralized index of BRC-20 and serve as a governance token. Its Bitstamp product, a Bitcoin on-chain map, is currently under development. According to a Twitter announcement, there will be some progress regarding the product in the near future, but the details have not been disclosed. (Raritygarden is an Ethereum index project for NFTs, and its developers have supported multiple projects on Ordinals, the latest of which is Ordinals replica of Loot.)

SHIB (Token) — Shibarium has announced its scheduled launch in August, resulting in a significant increase in on-chain transaction volume for SHIB. As a result of the anticipation surrounding the upcoming mainnet launch, price projects within the ecosystem, such as BONE, LEASH, and PAW, have seen some gains over the weekend. The ecosystem projects are attracting considerable attention, offering good trading opportunities. Bitget has currently opened a trading section for SHIB, allowing users to conveniently engage in trading activities for the project.

CROC (Token) — Crocodile, a crocodile-themed meme and GameFi. It has a 24-hour transaction volume of 9724 and a trading volume of over US$7 million, indicating high on- XCNUSDT">chain trading activity. The contract carries a 1% on-chain transaction tax and its ownership was renounced, with no apparent risks in the contract.

BTC2.0 (Token) — A new memecoin on the ETH chain. It has 1323 holders and a 24-hour on-chain trading volume of US$13 million (including the MEV trading volume of over US$8.5 million). Its estimated actual trading volume by retail investors is below US$4 million. There are no apparent risks associated with the contract. The top 1 EOA address is the project’s address, holding 4.9% of the tokens. 95% of the total token supply has been added to the liquidity pool and locked for one year.

NOVA (Token) — The smart contract code for Nova was written by ChatGPT. The token model incorporates a concept known as UBI (Unconditional Basic Income), making it a social experiment concept token. The profit from the sell tax is distributed to individuals who suffered significant losses in recent events associated with NFTs like Azuki and BAYC, among others. There is an on-chain sell tax of up to 9%. The 24-hour on-chain trading volume is US$4.87 million.

RWT (Token) — Rumored to be a pyramid scheme token locally promoted by hopingclub. The token has skyrocketed, with a current market cap reaching up to US$50 billion and the number of holders exceeding 340,000. The tokens are overly concentrated, with the top 6 addresses respectively holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99% of the tokens. The token price is strongly controlled by the pyramid scheme party.

2.Popular NFTs:

Merkly (NFT, DApp) — Merkly, a multi-chain NFT cross-chain bridge, connects NFTs to various networks through LayerZero and zkSync. With the anticipation of airdrops on LayerZero and zkSync, Merkly has become an integral part of the interaction between zkSync and LayerZero. This has resulted in high interaction data and increased popularity for Minting multi-chain NFTs on Merkly. https://minter.merkly.com/

3.Popular DApps:

Starknet (DApp) — The v0.12.0 version of Starknet is expected to be deployed on the mainnet on July 12. The new version is anticipated to increase network throughput and reduce transaction latency.

Stargate (DApp) — Yesterday, a wallet named “LayerZero: Deployer” received 1 billion US dollars of ZRO tokens. After the tokens were deployed, the “LayerZero: Deployer” wallet then sent the $ZRO to other wallets, including Binance, and Alameda Research, sparking the speculation that “LayerZero is about to issue tokens”. ZRO is likely a “fake token”, but it still spreads the excitement of the expected LayerZero token issuance, leading to a significant rise in the STG token.

Maestro (DApp) — An on-chain sniping solution, Maestro aims to provide a set of tools related to cryptocurrencies for Telegram users. This is achieved through the revolutionary multi-chain (BSC + ETH) sniper bot, smooth wallet tracking tool, and whale tracking bot.

1inch (DApp) — Messari has released the Q2 2023 report for the 1inch Network, which shows that the total transaction volume processed by the 1inch Network exceeded US$28 billion, a decrease of 37% from Q1. The decline is not only due to the reduced transaction volume in the second quarter but also due to the inflated trading volume in the first quarter caused by the USDC de-pegging event in March 2023.

Coinbase — Around the time that BlackRock resubmitted the Bitcoin spot ETF application, in which Coinbase was designated as the supervisory partner, the stock price of Coinbase experienced a significant surge, increasing 60% over the past 30 days. Subsequently, it was revealed that the CEO of Coinbase and three other executives sold off Coinbase stocks worth approximately US$6.9 million last week.

MakerDAO (DApp) — Recently, established DeFi blue chips such as MKR and COMP have seen an upward movement in the secondary market largely due to their association with RWA. As the first DeFi project to exert efforts toward RWA, MakerDAO began attempts as early as 2022 to enable asset originators to convert real-world assets into tokenized forms for loan financing.

4.Twitter Hot Topics:

MINA (Token) — The South Korean cryptocurrency exchange Upbit is set to list MINA, with support for BTC trading pairs. The price of MINA has seen a significant 15% increase in the past 24 hours.

METIS (Token) — Previously, the price of METIS on BSC plummeted by 99% due to the impact of the Poly Network hack. 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. Users are advised not to interact with the METIS Token contract on the BNB Chain, as a new contract will be deployed in the future. METIS has since resumed operations, and the token price is showing signs of recovery.

5.Regional Trending Searches:

Arkham (DApp) — On July 10, 2023, Binance is set to launch the 32nd Launchpad project, Arkham (ARKM), featuring a BNB session. Arkham is an encrypted intelligence analysis platform aiming to systematically analyze and deanonymize blockchain transactions. Utilizing an AI algorithm engine named Ultra, it matches blockchain addresses with real-world entities, revealing individuals and companies behind blockchain activities, and providing data and analysis of their behavior. 37.3% of the total token supply will be allocated for community incentives and grants to be used for early customer acquisition and engagement activities, and there will be a community airdrop.

Main Body

Written by: Bitget Research

Data collection time: July 11, 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

TRAC (BRC-20 Token) — $TRAC was deployed by Benny, a developer from @Raritygarden, on May 3, and the mint phase was completed on May 5. It aims to build a decentralized index of BRC-20 and serve as a governance token. Its Bitstamp product, a Bitcoin on-chain map, is currently under development. According to a Twitter announcement, there will be some progress regarding the product in the near future, but the details have not been disclosed. (Raritygarden is an Ethereum index project for NFTs, and its developers have supported multiple projects on Ordinals, the latest of which is Ordinals replica of Loot.)

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 426,345

New active users of ETH: 84,225, with a daily increase of 7.73%

Existing active users of ETH: 342,120, with a daily increase of 25.61%

2.1.2 New User Profile

Core data: There were a total of 84,225 new active users on ETH yesterday, with a daily increase of 7.73%

Popular Sectors

Popular Projects

Coinbase — Around the time that BlackRock resubmitted the Bitcoin spot ETF application, in which Coinbase was designated as the supervisory partner, the stock price of Coinbase experienced a significant surge, increasing 60% over the past 30 days. Subsequently, it was revealed that the CEO of Coinbase and three other executives sold off Coinbase stocks worth approximately US$6.9 million last week.

SHIB (Token) — Shibarium has announced its scheduled launch in August, resulting in a significant increase in on-chain transaction volume for SHIB. As a result of the anticipation surrounding the upcoming mainnet launch, price projects within the ecosystem, such as BONE, LEASH, and PAW, have seen some gains over the weekend. The ecosystem projects are attracting considerable attention, offering good trading opportunities. Bitget has currently opened a trading section for SHIB, allowing users to conveniently engage in trading activities for the project.

Starknet (DApp) — The v0.12.0 version of Starknet is expected to be deployed on the mainnet on July 12. The new version is anticipated to increase network throughput and reduce transaction latency.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 342,120, with a daily increase of 25.61%

Popular Sectors

Popular Projects

Maestro (DApp) — An on-chain sniping solution, Maestro aims to provide a set of tools related to cryptocurrencies for Telegram users. This is achieved through the revolutionary multi-chain (BSC + ETH) sniper bot, smooth wallet tracking tool, and whale tracking bot. https://twitter.com/MaestroBots

1inch (DApp) — Messari has released the Q2 2023 report for the 1inch Network, which shows that the total transaction volume processed by the 1inch Network exceeded US$28 billion, a decrease of 37% from Q1. The decline is not only due to the reduced transaction volume in the second quarter but also due to the inflated trading volume in the first quarter caused by the USDC de-pegging event in March 2023.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

CROC (Token) — Crocodile, a crocodile-themed meme and GameFi. It has a 24-hour transaction volume of 9724 and a trading volume of over US$7 million, indicating high on-chain trading activity. The contract carries a 1% on-chain transaction tax and its ownership was renounced, with no apparent risks in the contract. https://www.dextools.io/app/en/ether/pair-explorer/0xd07ecac58543b2364da75ed8499534bd8971a4d9

BTC2.0 (Token) — A new memecoin on the ETH chain. It has 1323 holders and a 24-hour on-chain trading volume of US$13 million (including the MEV trading volume of over US$8.5 million). Its estimated actual trading volume by retail investors is below US$4 million. There are no apparent risks associated with the contract. The top 1 EOA address is the project’s address, holding 4.9% of the tokens. 95% of the total token supply has been added to the liquidity pool and locked for one year. https://www.dextools.io/app/en/ether/pair-explorer/0xd6a347c998109ac87ccb323f78960c91bbe911cd

NOVA (Token) — The smart contract code for Nova was written by ChatGPT. The token model incorporates a concept known as UBI (Unconditional Basic Income), making it a social experiment concept token. The profit from the sell tax is distributed to individuals who suffered significant losses in recent events associated with NFTs like Azuki and BAYC, among others. There is an on-chain sell tax of up to 9%. The 24-hour on-chain trading volume is US$4.87 million. https://www.dextools.io/app/en/ether/pair-explorer/0x9468e2c401e13522e684e60005e388f7c395de92

2.2.2 Uniswap V3

WPEPE (Token) — A memecoin on Ethereum with 1819 holders. Its price has been falling significantly for three consecutive days. https://www.dextools.io/app/en/ether/pair-explorer/0xd10b1aa3a49cc06f65c723f14ea0e43edda3102f

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,368,558

New active users on BSC: 172,122, with a daily decrease of 3.76%

Existing active users on BSC: 1,196,436, with a daily increase of 6.26%

3.1.2 New User Profile

Core data: There were a total of 172,122 new active users on BSC yesterday, with a daily decrease of 3.76%

Popular Sectors

Popular Projects

Stargate (DApp) — Yesterday, a wallet named “LayerZero: Deployer” received 1 billion US dollars of ZRO tokens. After the tokens were deployed, the “LayerZero: Deployer” wallet then sent the $ZRO to other wallets, including Binance, and Alameda Research, sparking the speculation that “LayerZero is about to issue tokens”. ZRO is likely a “fake token”, but it still spreads the excitement of the expected LayerZero token issuance, leading to a significant rise in the STG token.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,196,436, with a daily increase of 6.26%

Popular Sectors

Popular Projects

Meta Merge (Dapp) — Meta Merge, a lightweight casual mobile game incubated by the metaverse gaming platform Ultiverse, made it into the top four in trading volume on the Element Market within three days.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

RWT (Token) — Rumored to be a pyramid scheme token locally promoted by hopingclub. The token has skyrocketed, with a current market cap reaching up to US$50 billion and the number of holders exceeding 340,000. The tokens are overly concentrated, with the top 6 addresses respectively holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99% of the tokens. The token price is strongly controlled by the pyramid scheme party. https://www.dextools.io/app/en/bnb/pair-explorer/0xadad973f8920bc511d94aade2762284f621f1467

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 423,563

New active users on Polygon: 91,478, with a daily increase of 17.60%

Existing active users on Polygon: 332,085, with a daily increase of 6.24%

4.1.2 New User Profile

Core data: There were a total of 91,478 new active users on Polygon yesterday, with a daily increase of 17.60%

Popular Sectors

Popular Projects

MakerDAO (DApp) — Recently, established DeFi blue chips such as MKR and COMP have seen an upward movement in the secondary market largely due to their association with RWA. As the first DeFi project to exert efforts toward RWA, MakerDAO began attempts as early as 2022 to enable asset originators to convert real-world assets into tokenized forms for loan financing.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 332,085, with a daily increase of 6.24%

Popular Sectors

Popular Projects

Up vs Down (DApp) — A betting-type mini-game built on Polygon, where users predict the rise and fall of BTC, using MATIC as the chip. https://upvsdown.com/

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

agEUR (Token) — Behind agEUR is the Angle Protocol, a capital-efficient, decentralized, over-collateralized stablecoin protocol. (Previously, on June 4, the Stargate vote passed the proposal to “add support for Circle’s Euro stablecoin EUROC”).

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 173,194

Arbitrum New Active Users: 31,355, with a daily increase of 2.43%

Arbitrum Existing Active Users: 141,839, with a daily increase of 5.55%

5.1.2 New User Profile

Core data: There were a total of 31,355 new active users on Arbitrum yesterday, with a daily increase of 2.43%

Popular Sectors

Popular Projects

WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. Since June, it has had numerous collaborations with DeFi projects in the Arbitrum ecosystem. WOO tokens can now be staked across seven chains, gradually gaining increasing importance in the LayerZero ecosystem.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 141,839, with a daily increase of 5.55%

Popular Sectors

Popular Projects

Merkly (NFT, DApp) — Merkly, a multi-chain NFT cross-chain bridge, connects NFTs to various networks through LayerZero and zkSync. With the anticipation of airdrops on LayerZero and zkSync, Merkly has become an integral part of the interaction between zkSync and LayerZero. This has resulted in high interaction data and increased popularity for Minting multi-chain NFTs on Merkly. https://minter.merkly.com/

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH.

6.DApp Ecosystem — All Chains

Sweat Economy (DApp) — A traditional Web2 project that has transitioned to a Web3 wallet and a “Move to Earn” project. It is currently the most active project in the Near ecosystem.

7.DApp Ecosystem — ETH Chain

1inch（Dapp）- It was explained earlier in the report.

8.DApp Ecosystem — BSC Chain

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 earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.

Lifeform (DApp) — A DID project. It recently held a promotion with Web3Go on Galxe, generating significant buzz. The project is in the development phase and is an essential one to follow. Web3Go has raised US$4 million and is developing a data analysis network platform, with investment from Binance. Lifeform was integrated into the OKX Web3 Wallet yesterday.

9.DApp Ecosystem — Polygon Chain

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.

10.DApp Ecosystem — WAX Chain

UAW of WAX projects fluctuates within the normal range, with no significant changes.

11.DApp Ecosystem — Solana Chain

Rarible (DApp) — A community-centric multi-chain NFT marketplace that consistently ranks in the top 5 for user interaction within the Solana ecosystem. Rarible runs many promotions for its community and also posts joint announcements with other projects.

12.DApp Ecosystem — Arbitrum Chain

WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. Since June, it has had numerous collaborations with DeFi projects in the Arbitrum ecosystem. WOO tokens can now be staked across seven chains, gradually gaining increasing importance in the LayerZero ecosystem.

OpenOcean (DApp) — A DEX aggregator, offering the best swap prices on 27+ chains. It is scheduled to hold a Twitter Space AMA with Arbitrum on Wednesday.

13.DApp Ecosystem — GameFi Sector Across All Chains

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

14.Gas Fee Consumption — ETH Chain

Seaport (DApp) — The recent BAYC sell-off by whales, and the release of AZUKI Element has drained 20,000 ETH in liquidity from the NFT market. The similarity of images caused FUD in the community, resulting in a 40% plunge in the floor price of AZUKI, pushing the NFT market into a deeper liquidity crisis. The trading volume on NFT platforms halved rapidly after the large volume led by Azuki in the past two days. Currently, BAYC has rebounded to 35 ETH and AZUKI’s price has also rebounded, now at 7.18 ETH.

15.Gas Fee Consumption — BSC Chain

LayerZero (DApp) — Yesterday, a wallet named “LayerZero: Deployer” received 1 billion US dollars of ZRO tokens. After the tokens were deployed, the “LayerZero: Deployer” wallet then sent the $ZRO to other wallets, including Binance, and Alameda Research, sparking the speculation that “LayerZero is about to issue tokens”. ZRO is likely a “fake token”, but it still spreads the excitement of the expected LayerZero token issuance, leading to a significant rise in the STG token.

16.Gas Fee Consumption — Polygon Chain

Up vs Down (DApp) — A betting-type mini-game built on Polygon, where users predict the rise and fall of BTC, using MATIC as the chip. https://upvsdown.com/

17.Gas Fee Consumption — Arbitrum Chain

WOOFi was explained earlier in the report.

18.Twitter Trends Token Top 20

MINA (Token) — The South Korean cryptocurrency exchange Upbit is set to list MINA, with support for BTC trading pairs. The price of MINA has seen a significant 15% increase in the past 24 hours.

METIS (Token) — Previously, the price of METIS on BSC plummeted by 99% due to the impact of the Poly Network hack. 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. Users are advised not to interact with the METIS Token contract on the BNB Chain, as a new contract will be deployed in the future. METIS has since resumed operations, and the token price is showing signs of recovery.

19.Google Trends — Global

Arkham (DApp) — On July 10, 2023, Binance is set to launch the 32nd Launchpad project, Arkham (ARKM), featuring a BNB session. Arkham is an encrypted intelligence analysis platform aiming to systematically analyze and deanonymize blockchain transactions. Utilizing an AI algorithm engine named Ultra, it matches blockchain addresses with real-world entities, revealing individuals and companies behind blockchain activities, and providing data and analysis of their behavior. 37.3% of the total token supply will be allocated for community incentives and grants to be used for early customer acquisition and engagement activities, and there will be a community airdrop.

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

a) South Asia Region

India Trending Keywords: xxa crypto, moonpay, types of cryptocurrency, arkham

Pakistan: This section is temporarily empty due to data anomaly

b) Southeast Asia Region

Indonesia: This section is temporarily empty due to data anomaly

Philippines: This section is temporarily empty due to data anomaly

Vietnam: This section is temporarily empty due to data anomaly

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

Hong Kong: None

Japan: None

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

a) CIS Region

Trending Keywords: Crypto pro, binance, arkham

b) English-speaking Countries

USA: This section is temporarily empty due to data anomaly

Canada: This section is temporarily empty due to data anomaly

Australia Trending Tokens: gmx, shib, hex, pepe, edu

c) Europe

Poland Trending Tokens: This section is temporarily empty due to data anomaly

Spain Trending Tokens: arkham

Germany Trending Keywords: xrp course, stake, arkham, crypto queen

Turkey Trending Tokens: crypto trojan, nokbit

Italy Trending Tokens: arkham, ultron, polygon, icp, hex

Belgium Trending Tokens: waves, jasmy, matic

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

a) Africa

Trending Keywords: crypto calculator, coingecko, crypto faucet, juno crypto

b) Middle East

Trending Keywords: crypto bubbles

c) Latin America

Brazil Trending Tokens: dot, ada, arkham, bomber

Mexico Trending Tokens: btc

Chile Trending Tokens: crypto news

Argentina Trending Tokens: socas, dolar

References

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

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