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Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately

Bitget Research
2023/07/17
Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately
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:

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 shortly, but the details have not been disclosed.

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, projects within the ecosystem, such as BONE, LEASH, and PAW, have seen some gains. 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.

$HOPPY (Token) — A meme with the “The frog before $PEPE” concept. Its image was created by the major influencer @Matt_Furie, but it is unknown whether the token was deployed by him. @Matt_Furie himself did not disclose anything on Twitter, so it’s highly probable that it wasn’t issued by him. It has 2824 holders, a 24-hour on- XCNUSDT">chain trading volume of US$6.7 million (US$1.5 million from a Mev bot), and a 24-hour on-chain transaction volume of 8667.

BTC2.0 (Token) — A new memecoin on the ETH chain. It has 2745 holders and a 24-hour on-chain trading volume of US$10.4 million. There are no apparent risks associated with the contract. The top 1 EOA address is MEXC, holding 22.4% of the tokens. 7.6% of the total token supply has been added to the liquidity pool.

$WOLF (Token) — This is a meme project featuring a character named “Land Wolf”. It has a 24-hour trading volume of US$1.7 million, 816 unique holders, and 1916 transactions. The size of the liquidity pool is US$247,000, and the FDV is US$3.5 million. The project contract carries high risks, with loopholes such as adjustable tax rates, potential trading pauses, and a blacklist function.

RLB (Token) — The memecoin associated with the concept of gambling has experienced a two-fold price increase this month, with a 14% surge in the past 24 hours. The project has launched a 1000x futures trading product. Some whales on-chain have recently accumulated the token, which had a 24-hour trading volume of US$3 million and a market cap of US$320 million.

$1INCH (Token) — The project has made good progress recently. Sushiswap V3 and Velodrome V2 have aggregated 1inch, as well as WooFi on Arbitrum. The project uses 1INCH for routing, which provides good support for 1inch. The token has seen a 30% increase in the past 24 hours.

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$56 billion and the number of holders exceeding 393,000. The tokens are overly concentrated, with the top 6 addresses holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99%. The token price is strongly controlled by the pyramid scheme party. Participation is not recommended.

L3 (Token) — The current total market cap of the project is US$430 million, with a liquidity pool of US$1.1 million. Over the past 24 hours, there have been 5537 transactions, but the total trading volume is only US$9600. The trading activity of the project is average, and it may be a token used for the operation of some projects. Observation is suggested, but trading is not recommended.

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. It has an on-chain liquidity of US$1 million and a 24-hour trading volume of US$1 million. Contract checks reveal potential mint function. It is essential to stay updated on this token.

AFFI (Token) — This project claims to enable transparent and efficient digital advertising through AI algorithms and Web3 products. It recently launched an airdrop promotion, with a total distribution of 40,000,000 tokens, and each address can receive 150 tokens.

agEUR (Token) — Decentralized stablecoin protocol Angle Protocol has launched a new proposal in the community, suggesting the launch of a new Transmuter module and replacing the collateral reserve of the protocol. Transmuter is a new minting module designed for agEUR, aimed at enhancing the system’s resilience to black swan events and reducing reliance on hedging mechanisms. The proposal also suggests changing the collateral reserve that supports agEUR (including USDC, DAI, and FRAX) to EUROC.

2.Popular NFTs:

Pandra: CodeConqueror (NFT) — Pandra is a series of fully on-chain NFTs built on LayerZero using zk Light Client technology. Currently, Pandra primarily operates on the BNB chain and features pandas as its main characters. Each Pandra NFT wears different outfits on different chains, and their professions are determined by the chain they were born on. Collecting different Pandra NFTs allows users to summon the Pandra King.

Merkly ONFT (NFT) — Merkly is a multi-chain NFT cross-chain bridge that connects NFTs to various networks using LayerZero and zkSync. With the anticipation of airdrops on LayerZero and zkSync, Merkly has become a key component in the interaction between zk and Layer0, leading to high interaction data and a significant increase in minting activity for multi-chain NFTs.

3.Popular DApps:

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.

Stargate (DApp) — Stargate’s LP staking contract enables users to receive STG rewards once they have made an LP staking on Stargate. Recently, the price of $STG has increased significantly, resulting in higher returns for LP staking.

PlaybuxQuest (DApp) — 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. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on PlaybuxQuest.

Meta Force (DApp) — This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and “Registration” taking place. It is essential to stay updated on this project.

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, Holograph, and Merkly.

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 UAW tends to be higher on weekends than weekdays.

Uniswap (DApp) — A famous on-chain DEX. With the recent upward trend in DeFi tokens, user interactions with Uniswap’s on-chain DEX have noticeably increased. During times when Uniswap’s UAW is high, the market often experiences significant fluctuations and a meme trend.

DEXView (DApp) — This is a website that provides real-time DEX token trading information and market sentiment data, making it a competitor to Dextools and Dexscreener. The project has a close relationship with the Pinksale ecosystem. While Pinksale is engaged in token issuance in the primary market, DEXView mainly focuses on displaying secondary market trends.

TinyWorld (DApp) — A GameFi project on the BSC, known as $TINC, recently had its Official Launch on zkSync just two days ago. Toward the end of June, TinyWorld conducted three rounds of mysterious rune presale events on zkSync, all of which sold out within a minute. In early July, they commenced the closed beta testing for “Tiny Dungeons,” organized the TinyWorldBNB Chain Carnival event, and made preparations for the official launch of zkSync.

Pinksale (DApp) — A Launchpad platform that assists projects in raising funds. Most of the tokens being raised recently are predominantly memecoins. Recently, it has been helping with the fair launch of projects such as LuckyApe and FEG2.0. Investing in primary market projects during special market conditions can yield stable profits. It is essential to stay updated on this project.

Element (Dapp) — Element Market is an aggregated trading platform for NFTs, integrating NFT trading marketplaces such as OpenSea and LooksRare. It currently does not charge commissions on NFT trades on the platform. In addition, its contract can provide users with lower gas fees, reducing transaction costs for users.

Marinade Finance (DApp) — Marinade Finance is a native LSD sector project on the Solana chain where users can stake SOL in the project to earn SOL validation rewards. The project’s TVL has seen a decent rise recently with the rebound in SOL’s price, but there is still a big difference compared to levels prior to the FTX liquidation.

OpenOcean (DApp) — A DEX aggregator, offering the best swap prices on 27+ chains. It recently integrated with the Metis chain, and the project announced that it will soon be attending the ethCC event in Paris. It also conducts many offline promotions. It is essential to stay updated on OpenOcean.

DeFi Kingdoms (DApp) — An airdrop-seeking influencer tweeted a tutorial titled “Only spend a cost of 2U to gain 40 interactions”, which involves the GameFi — DeFi Kingdoms DApp. This has led to a continuous increase in interaction volume with DeFi Kingdoms 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 1.262 million unique wallet addresses on the zkSync Era mainnet, with 714,000 ETH bridged to zkSync and a total of 1.546 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.

Seg Finance (DApp) — The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address. It’s hard to determine what kind of DApp or other application this contract address represents, as detailed information is hard to find on social media and search engines.

L2BEAT (DApp) — 2BEAT 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.

ParaSwap (DApp) — ParaSwap is a multi-chain decentralized exchange. There have been two major project updates recently: 1. Camelot, Chronos, and Cables Finance have completed DApp integration; 2. Partnerships have been established with MIMIC and Furucombo, which were officially announced within the community.

4.Twitter Hot Topics:

MATIC (Token) — There are two main reasons for the recent strong performance of the tokens. First, Polygon has proposed a technical upgrade for its native MATIC token. While awaiting community approval, MATIC will be converted to Polygon (POL), which is a token that can validate multiple chains within the Polygon ecosystem. Second, the application of zkEVM is gaining traction, creating expectations for the hype around Layer 2 solutions. Additionally, with Matic experiencing a significan t price decline, it has created a potential for a bottom bounce, contributing to its recent continuous rise.

5.Regional Trending Searches:

Bitcoin (Token) — Over the weekend, BTC maintained its fluctuating trend. Looking ahead, there are two possible trends. The first scenario involves BTC oscillating around US$31,000, with altcoins initiating a rotation. Once altcoins complete their rebound, they could help push BTC to break its previous high. The second scenario involves BTC pulling back to around US$29,000, completing a retracement for this continuous upward wave. Depending on whether it manages to hold at US$29,000, it would then be possible to determine the timing of a secondary upward trend. It is also worth noting whether the application for a BTC spot ETF gets approved and how the relevant U.S. data might stimulate the broader market.

SHIB(Token) — The SHIB ecosystem’s L2 will launch in August. Some potential targets offer opportunities for speculation, but current news stimuli have already led to a surge in tokens like BONE, LENSH, PAW, etc. There is a potential risk of a downturn when expectations are met, but it is advisable to stay updated on this ecosystem. The main influences in the future include whether the overall altcoin market rotation is smooth and whether SHIB’s L2 can generate more promising projects that exceed user expectations. If they can, there will be substantial room for speculation.

Main Body

Written by: Bitget Research

Data collection time: July 17, 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: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 0

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 shortly, but the details have not been disclosed.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 343,501

New active users of ETH: 73,447, with a daily decrease of 12.19%

Existing active users of ETH: 270,054, with a daily decrease of 9.73%

2.1.2 New User Profile

Core data: There were a total of 73,447 new active users on ETH yesterday, with a daily decrease of 12.19%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 1

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 2

Key Projects:

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, projects within the ecosystem, such as BONE, LEASH, and PAW, have seen some gains. 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.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 270,054, with a daily decrease of 9.73%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 3

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 4

Key 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.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 5

$HOPPY (Token) — A meme with the “The frog before $PEPE” concept. Its image was created by the major influencer @Matt_Furie, but it is unknown whether the token was deployed by him. @Matt_Furie himself did not disclose anything on Twitter, so it’s highly probable that it wasn’t issued by him. It has 2824 holders, a 24-hour on-chain trading volume of US$6.7 million (US$1.5 million from a Mev bot), and a 24-hour on-chain transaction volume of 8667. https://dexscreener.com/ethereum/0x25942771b17f3790bf32cae7af7d539ce42cdc79

BTC2.0 (Token) — A new memecoin on the ETH chain. It has 2745 holders and a 24-hour on-chain trading volume of US$10.4 million. There are no apparent risks associated with the contract. The top 1 EOA address is MEXC, holding 22.4% of the tokens. 7.6% of the total token supply has been added to the liquidity pool. https://dexscreener.com/ethereum/0xd6a347c998109ac87ccb323f78960c91bbe911cd

$WOLF (Token) — This is a meme project featuring a character named “Land Wolf”. It has a 24-hour trading volume of US$1.7 million, 816 unique holders, and 1916 transactions. The size of the liquidity pool is US$247,000, and the FDV is US$3.5 million. The project contract carries high risks, with loopholes such as adjustable tax rates, potential trading pauses, and a blacklist function. https://dexscreener.com/ethereum/0x60e5d1afef2d253366e87d8298090b7d0ea5d827

2.2.2 Uniswap V3

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 6

RLB (Token) — The memecoin associated with the concept of gambling has experienced a two-fold price increase this month, with a 14% surge in the past 24 hours. The project has launched a 1000x futures trading product. Some whales on-chain have recently accumulated the token, which had a 24-hour trading volume of US$3 million and a market cap of US$320 million. https://dexscreener.com/ethereum/0x510100d5143e011db24e2aa38abe85d73d5b2177

$1INCH (Token) — The project has made good progress recently. Sushiswap V3 and Velodrome V2 have aggregated 1inch, as well as WooFi on Arbitrum. The project uses 1INCH for routing, which provides good support for 1inch. The token has seen a 30% increase in the past 24 hours. https://dexscreener.com/ethereum/0xe931b03260b2854e77e8da8378a1bc017b13cb97

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,293,528

New active users on BSC: 146,158, with a daily decrease of 16.23%

Existing active users on BSC: 1,147,370, with a daily decrease of 9.51%

3.1.2 New User Profile

Core data: There were a total of 146,158 new active users on BSC yesterday, with a daily decrease of 16.23%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 7

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 8

Key Projects:

Stargate (DApp) — Stargate’s LP staking contract enables users to receive STG rewards once they have made an LP staking on Stargate. Recently, the price of $STG has increased significantly, resulting in higher returns for LP staking.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,147,370, with a daily decrease of 9.51%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 9

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 10

Key Projects:

PlaybuxQuest (DApp) — 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. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on PlaybuxQuest.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 11

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$56 billion and the number of holders exceeding 393,000. The tokens are overly concentrated, with the top 6 addresses holding 45%, 15%, 15%, 10%, 10%, and 4.6% of the tokens, accounting for more than 99%. The token price is strongly controlled by the pyramid scheme party. Participation is not recommended. https://dexscreener.com/bsc/0xadad973f8920bc511d94aade2762284f621f1467

L3 (Token) — The current total market cap of the project is US$430 million, with a liquidity pool of US$1.1 million. Over the past 24 hours, there have been 5537 transactions, but the total trading volume is only US$9600. The trading activity of the project is average, and it may be a token used for the operation of some projects. Observation is suggested, but trading is not recommended. https://dexscreener.com/bsc/0x7da3ff95a3566287afec13b154794eee52a2e00d

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 413,230

New active users on Polygon: 80,703, with a daily decrease of 2.54%

Existing active users on Polygon: 332,527, with a daily decrease of 1.48%

4.1.2 New User Profile

Core data: There were a total of 80,703 new active users on Polygon yesterday, with a daily decrease of 2.54%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 12

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 13

Key Projects:

Meta Force (DApp) — This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and “Registration” taking place. It is essential to stay updated on this project.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 332,527, with a daily decrease of 1.48%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 14

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 15

Key Projects:

Pandra: CodeConqueror (NFT) — Pandra is a series of fully on-chain NFTs built on LayerZero using zk Light Client technology. Currently, Pandra primarily operates on the BNB chain and features pandas as its main characters. Each Pandra NFT wears different outfits on different chains, and their professions are determined by the chain they were born on. Collecting different Pandra NFTs allows users to summon the Pandra King.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 16

W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. It has an on-chain liquidity of US$1 million and a 24-hour trading volume of US$1 million. Contract checks reveal potential mint function. It is essential to stay updated on this token. https://dexscreener.com/polygon/0xa90c1c009dc8292bd04ced30f9b53a5ff7a806a0

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 161,233

Arbitrum New Active Users: 30,624, with a daily decrease of 11.37%

Arbitrum Existing Active Users: 130,609, with a daily decrease of 10.62%

5.1.2 New User Profile

Core data: There were a total of 30,624 new active users on Arbitrum yesterday, with a daily decrease of 11.37%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 17

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 18

Key Projects:

AFFI (Token) — This project claims to enable transparent and efficient digital advertising through AI algorithms and Web3 products. It recently launched an airdrop promotion, with a total distribution of 40,000,000 tokens, and each address can receive 150 tokens.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 130,609, with a daily decrease of 10.62%

Popular Sectors

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 19

Popular Projects

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately 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, Holograph, and Merkly.

Merkly ONFT (NFT) — Merkly is a multi-chain NFT cross-chain bridge that connects NFTs to various networks using LayerZero and zkSync. With the anticipation of airdrops on LayerZero and zkSync, Merkly has become a key component in the interaction between zk and Layer0, leading to high interaction data and a significant increase in minting activity for multi-chain NFTs.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 21

agEUR (Token) — Decentralized stablecoin protocol Angle Protocol has launched a new proposal in the community, suggesting the launch of a new Transmuter module and replacing the collateral reserve of the protocol. Transmuter is a new minting module designed for agEUR, aimed at enhancing the system’s resilience to black swan events and reducing reliance on hedging mechanisms. The proposal also suggests changing the collateral reserve that supports agEUR (including USDC, DAI, and FRAX) to EUROC.

6.DApp Ecosystem — All Chains

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately 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 UAW tends to be higher on weekends than weekdays.

7.DApp Ecosystem — ETH Chain

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 23

Uniswap (DApp) — A famous on-chain DEX. With the recent upward trend in DeFi tokens, user interactions with Uniswap’s on-chain DEX have noticeably increased. During times when Uniswap’s UAW is high, the market often experiences significant fluctuations and a meme trend.

DEXView (DApp) — This is a website that provides real-time DEX token trading information and market sentiment data, making it a competitor to Dextools and Dexscreener. The project has a close relationship with the Pinksale ecosystem. While Pinksale is engaged in token issuance in the primary market, DEXView mainly focuses on displaying secondary market trends.

8.DApp Ecosystem — BSC Chain

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 24

TinyWorld (DApp) — A GameFi project on the BSC, known as $TINC, recently had its Official Launch on zkSync just two days ago. Toward the end of June, TinyWorld conducted three rounds of mysterious rune presale events on zkSync, all of which sold out within a minute. In early July, they commenced the closed beta testing for “Tiny Dungeons,” organized the TinyWorldBNB Chain Carnival event, and made preparations for the official launch of zkSync.

Pinksale (DApp) — A Launchpad platform that assists projects in raising funds. Most of the tokens being raised recently are predominantly memecoins. Recently, it has been helping with the fair launch of projects such as LuckyApe and FEG2.0. Investing in primary market projects during special market conditions can yield stable profits. It is essential to stay updated on this project.

9.DApp Ecosystem — Polygon Chain

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 25

Element (Dapp) — Element Market is an aggregated trading platform for NFTs, integrating NFT trading marketplaces such as OpenSea and LooksRare. It currently does not charge commissions on NFT trades on the platform. In addition, its contract can provide users with lower gas fees, reducing transaction costs for users.

10.DApp Ecosystem — WAX Chain

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 26

There has been no noticeable change in the UAW of projects on the WAX chain.

11.DApp Ecosystem — Solana Chain

Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 27

Marinade Finance (DApp) — Marinade Finance is a native LSD sector project on the Solana chain where users can stake SOL in the project to earn SOL validation rewards. The project’s TVL has seen a decent rise recently with the rebound in SOL’s price, but there is still a big difference compared to levels prior to the FTX liquidation.

12.DApp Ecosystem — Arbitrum Chain

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OpenOcean (DApp) — A DEX aggregator, offering the best swap prices on 27+ chains. It recently integrated with the Metis chain, and the project announced that it will soon be attending the ethCC event in Paris. It also conducts many offline promotions. It is essential to stay updated on OpenOcean.

13.DApp Ecosystem — GameFi Sector Across All Chains

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DeFi Kingdoms (DApp) — An airdrop-seeking influencer tweeted a tutorial titled “Only spend a cost of 2U to gain 40 interactions”, which involves the GameFi — DeFi Kingdoms DApp. This has led to a continuous increase in interaction volume with DeFi Kingdoms recently.

14.Gas Fee Consumption — ETH Chain

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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 1.262 million unique wallet addresses on the zkSync Era mainnet, with 714,000 ETH bridged to zkSync and a total of 1.546 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

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Seg Finance (DApp) — The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address. It’s hard to determine what kind of DApp or other application this contract address represents, as detailed information is hard to find on social media and search engines.

16.Gas Fee Consumption — Polygon Chain

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L2BEAT (DApp) — 2BEAT 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

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ParaSwap (DApp) — ParaSwap is a multi-chain decentralized exchange. There have been two major project updates recently: 1. Camelot, Chronos, and Cables Finance have completed DApp integration; 2. Partnerships have been established with MIMIC and Furucombo, which were officially announced within the community.

18.Twitter Trends Token Top 20

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MATIC (Token) — There are two main reasons for the recent strong performance of the tokens. First, Polygon has proposed a technical upgrade for its native MATIC token. While awaiting community approval, MATIC will be converted to Polygon (POL), which is a token that can validate multiple chains within the Polygon ecosystem. Second, the application of zkEVM is gaining traction, creating expectations for the hype around Layer 2 solutions. Additionally, with Matic experiencing a signific ant price decline, it has created a potential for a bottom bounce, contributing to its recent continuous rise.

19.Google Trends — Global

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Bitcoin (Token) — Over the weekend, BTC maintained its fluctuating trend. Looking ahead, there are two possible trends. The first scenario involves BTC oscillating around US$31,000, with altcoins initiating a rotation. Once altcoins complete their rebound, they could help push BTC to break its previous high. The second scenario involves BTC pulling back to around US$29,000, completing a retracement for this continuous upward wave. Depending on whether it manages to hold at US$29,000, it would then be possible to determine the timing of a secondary upward trend. It is also worth noting whether the application for a BTC spot ETF gets approved and how the relevant U.S. data might stimulate the broader market.

SHIB(Token) — The SHIB ecosystem’s L2 will launch in August. Some potential targets offer opportunities for speculation, but current news stimuli have already led to a surge in tokens like BONE, LENSH, PAW, etc. There is a potential risk of a downturn when expectations are met, but it is advisable to stay updated on this ecosystem. The main influences in the future include whether the overall altcoin market rotation is smooth and whether SHIB’s L2 can generate more promising projects that exceed user expectations. If they can, there will be substantial room for speculation.

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

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Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 38

a) South Asia Region

India Trending Tokens: GFAL, AXS, PI, 1INCH, COMP

Pakistan Trending Keywords: is crypto legal in pakistan, what are crypto whales, trust crypto and bitcoin wallet

b) Southeast Asia Region

Malaysia Trending Tokens: FTT, BTC, SOL

Vietnam Trending Keywords: fear and greed index crypto, Coinmarketcap

Indonesia Trending Tokens: XEN, SHIB

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

Trending Tokens: QNT, XDC, WTK, COCOS

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

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a) CIS Region

Trending Keywords: Crypto Bubbles, Arkham, Dune, Crypto news

b) English-speaking Countries

Australia Trending Tokens: FLOKI, ADA, BTC, SHIB, 1INCH, ETH

USA Trending Tokens: COMP, 1INCH, USTC

Canada Trending Tokens: ICP, ADA, SAND, SHIB, 1INCH

UK Trending Tokens: 1INCH, XDC, HIS, SWEAT

c) Europe

Spain Trending Tokens: BTT, YGG, XEN, SHIB, USTC, VRA

Germany Trending Tokens: ICP, GPT, Arkham

France Trending Tokens: BTT, REN, PENDLE, PKN, DOLZ, CKB

Switzerland Trending Tokens: SHIB, SOL, COMP, GRT

Turkey Trending Keywords: Crypto fund trader (likely interested in information related to copy trading), Crypto faucet (interested in information about airdrops and testnets, etc.), Coinmarketcap (a market sentiment website).

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

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Bitget Research: DeFi Sector Surges Overall, Comp, 1inch, Sushi Rise Alternately image 42

a) Africa

Nigeria Trending Keywords: Kraken, CMC

South Africa Trending Tokens: XRP

b) Middle East

Trending Tokens: XRP

c) Latin America

Brazil Trending Tokens: MATIC, SDAO, AVAX

Mexico Trending Tokens: AAVE, AVAX

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