Bitget Research: BTC Futures Open Interest at Yearly High, Telegram Bot Concept Soars

the past 24 hours, there have been many new popular tokens and topics emerging in the 7c1b99be-908b-4588-a2e1-15a39b5f67a9, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. The project is conducting a competition for marketing purposes on Twitter. The founder will host a QA session on Discord today, and the construction of the ecosystem is in progress. The token experienced a high level of on-chain activity in the past 24 hours.

Unibot (Token) — As a leading project in the Bot Coin sector, Unibot has a market cap of US$71 million, with a 24-hour trading volume of US$2.7 million. It has increased by over 50% in the past week. The contract checks reveal risks including potentia l trading pauses, anti-whale measures, adjustable transaction taxes, and potential blacklist mechanisms. Currently, it has a high level of market attention and the token has good wealth effects.

ARKM (Token) — ARKM was officially listed the day before yesterday. Before the official listing on CEX, the project started airdrop claiming, providing on-chain liquidity in advance. The hype is high, with current on-chain liquidity at US$600,000 and a 24-hour trading volume of US$1.15 million. It ranks high on the charts of several market sentiment applications.

PC (Token) — PC is the governance token of Pepechain. The token experienced high popularity following its launch on the 19th and saw an increase of 10x in a short time. Pepechain uses PEPE as its gas token and has launched its own DEX. Currently, it has an on-chain liquidity of US$280,000, a 24-hour trading volume of US$7.2 million, a market cap of US$4.7 million, and experienced a pullback. PC can be traded on Bitget.

OX (Token) — The token of Open Exchange which belongs to Zhu Su. It has increased by 30% in the past three days. It provides tokenized claims trading, including those of FTX, Celsius, among others. Given the recent market sentiment and the developments in dealing with debts from abruptly failed financial institutions, the token has garnered increased attention. The platform’s daily trading volume exceeds US$50 million, and it has additionally rolled out on-chain staking of OX to earn fees.

RWT (Token) — Rumored to be a pyramid scheme token locally promoted by hopingclub. The token has experienced a 22x surge at its peak this month, with a current market cap reaching up to US$91 billion and 446,000 holders. Its highest trading volume on the BSC chain has currently reached US$49 million. The tokens are overly concentrated, with the top 6 addresses holding 45%, 15%, 15%, 10%, 10%, and 4.3% of the tokens, accounting for more than 99%. The token price is strongly controlled by the pyramid scheme party.

2.Popular NFTs:

XTMT (NFT) — Xterio MegaGiveaway Ticket, a gaming platform project invested in by Binance Labs. XTMT has recently been running a giveaway campaign. Users can participate by completing tasks such as following, retweeting, and liking on Twitter to earn a lottery ticket. The project offers rewards worth $70,000 in BNB and NFTs. The number of NFT holders has reached 52,000.

SIZECREATURE (NFT) — This project is conducting a seadrop on Opensea for its “Migration” Creature World 2023 Fall Fashion Collection. Currently, there are over 67,000 minted NFTs, which are available for free minting. The project has garnered significant attention and popularity.

3.Popular DApps:

zkSync Era (DApp) — zkSync Era announced the launch of the new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is a crucial step toward achieving a decentralized prover. Recent controversies regarding NFT airdrops have increased zkSync’s airdrop expectations, leading to an increase in on-chain interaction activity.

Linea (DApp) — The Ethereum Layer 2 solution Linea, launched by ConsenSys, announced open access to the Alpha version of the Linea mainnet for the entire Linea community. Developers can access this Rollup and ETH bridge UI, as well as the RPC endpoints in Infura and MetaMask. Currently, Linea mainnet has bridged 1660 ETH, with 8180 transactions and 6258 interacting addresses.

Playbux (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. Playbux has climbed to the forefront of on-chain rankings, attracting 190,000 users in the past 30 days, indicating a high level of engagement.

IMVU (DApp) — This social metaverse project on Polygon empowers the creator economy through NFTs and a dual-token model. The project is backed by Animoca, Bitkraft, Jump, Immutable, and others. IMVU is a social app that was built in 2014 and has seen 350 million users in its lifetime, indicating high popularity. This blockchain shift is aimed at exploring the Web3 space.

Polygon (DApp) — The Polygon team announced plans to create a new governance framework aimed at enabling more decentralized control of its ecosystem. The team stated that the new governance model will establish three main governance pillars, focusing on core protocol governance, smart contract governance, and community treasury governance.

OpenSea Seadrop (DApp) — OpenSea recently launched the seadrop project SIZECREATURE on Arbitrum. Over 67,000 items have been minted so far, resulting in high on-chain popularity. There are also four other seadrop projects ongoing, providing good traffic for OpenSea.

Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. Manifold will expand its Creator toolset to L2, providing users with a lower transaction gas fee experience.

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

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

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. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is over US$20 million, mainly formed by the staking of WOO tokens. With new products set to launch in the future, the usage of WOOFi continues to increase.

Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received US$3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game activity has consistently remained among the top ranks of various chains. The project updated its roadmap on June 5 and introduced a new token proposal on July 20, which will incorporate a burn mechanism.

MEV Bot (Other) — As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. Conversely, it is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid attacks by MEV Bot.

4.Twitter Hot Topics:

Moon (Token) — A community token for Reddit. Since Reddit changed its Terms of Service (ToS), users can now use, earn, and buy virtual avatars, virtual goods, and digital currencies. With the updated terms, r/ CryptoCurrency started using MOON tokens as community points. Users can use MOON tokens for tipping and earn MOON tokens by posting.

XLM (Token) — Stellar, XLM is a fork of XRP with a smaller market capitalization. It has seen positive price movement recently, likely influenced by the favorable outcome of the XRP lawsuit. The token has surpassed the previous high caused by the XRP victory, indicating a positive wealth effect and sparking more discussions in the community.

5.Regional Trending Searches:

XRP (Token) — XRP won a lawsuit against the SEC last week. The U.S. District Court for the Southern District of New York stated that XRP itself is not a security, and Ripple’s sale of XRP constitutes an offer and sale of unregistered investment contracts. The token price saw a significant increase as a result of this event, and Binance.US, Coinbase, and Kraken Pro successively relisted XRP.

Main Body

Written by: Bitget Research

Data collection time: July 20, 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

OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. The project is conducting a competition for marketing purposes on Twitter. The founder will host a QA session on Discord today, and the construction of the ecosystem is in progress. The token experienced a high level of on-chain activity in the past 24 hours.

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 415,833

New active users of ETH: 92,268, with a daily decrease of 4.27%

Existing active users of ETH: 323,565, with a daily decrease of 7.58%

2.1.2 New User Profile

Core data: There were a total of 92,268 new active users on ETH yesterday, with a daily decrease of 4.27%

Popular Sectors

Popular Projects

Key Projects:

ARKM (Token) — ARKM was officially listed the day before yesterday. Before the official listing on CEX, the project started airdrop claiming, providing on-chain liquidity in advance. The hype is high, with current on-chain liquidity at US$600,000 and a 24-hour trading volume of US$1.15 million. It ranks high on the charts of several market sentiment applications.

zkSync Era (DApp) — zkSync Era announced the launch of the new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is a crucial step toward achieving a decentralized prover. Recent controversies regarding NFT airdrops have increased zkSync’s airdrop expectations, leading to an increase in on-chain interaction activity.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 323,565, with a daily decrease of 7.58%

Popular Sectors

Popular Projects

Key Projects:

Linea (DApp) — The Ethereum Layer 2 solution Linea, launched by ConsenSys, announced open access to the Alpha version of the Linea mainnet for the entire Linea community. Developers can access this Rollup and ETH bridge UI, as well as the RPC endpoints in Infura and MetaMask. Currently, Linea mainnet has bridged 1660 ETH, with 8180 transactions and 6258 interacting addresses.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PC (Token) — PC is the governance token of Pepechain. The token experienced high popularity following its launch on the 19th and saw an increase of 10x in a short time. Pepechain uses PEPE as its gas token and has launched its own DEX. Currently, it has an on-chain liquidity of US$280,000, a 24-hour trading volume of US$7.2 million, a market cap of US$4.7 million, and experienced a pullback. PC can be traded on Bitget.

2.2.2 Uniswap V3

OX (Token) — The token of Open Exchange which belongs to Zhu Su. It has increased by 30% in the past three days. It provides tokenized claims trading, including those of FTX, Celsius, among others. Given the recent market sentiment and the developments in dealing with debts from abruptly failed financial institutions, the token has garnered increased attention. The platform’s daily trading volume exceeds US$50 million, and it has additionally rolled out on-chain staking of OX to earn fees.

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,377,857

New active users on BSC: 157,457, with a daily decrease of 5.08%

Existing active users on BSC: 1,220,400, with a daily decrease of 5.26%

3.1.2 New User Profile

Core data: There were a total of 157,457 new active users on BSC yesterday, with a daily decrease of 5.08%

Popular Sectors

Popular Projects

Key Projects:

XTMT (NFT) — Xterio MegaGiveaway Ticket, a gaming platform project invested in by Binance Labs. XTMT has recently been running a giveaway campaign. Users can participate by completing tasks such as following, retweeting, and liking on Twitter to earn a lottery ticket. The project offers rewards worth $70,000 in BNB and NFTs. The number of NFT holders has reached 52,000.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,220,400, with a daily decrease of 5.26%

Popular Sectors

Popular Projects

Key Projects:

Playbux (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. Playbux has climbed to the forefront of on-chain rankings, attracting 190,000 users in the past 30 days, indicating a high level of engagement.

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 experienced a 22x surge at its peak this month, with a current market cap reaching up to US$91 billion and 446,000 holders. Its highest trading volume on the BSC chain has currently reached US$49 million. The tokens are overly concentrated, with the top 6 addresses holding 45%, 15%, 15%, 10%, 10%, and 4.3% of the tokens, accounting for more than 99%. The token price is strongly controlled by the pyramid scheme party.

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 475,030

New active users on Polygon: 84,780, with a daily increase of 0.62%

Existing active users on Polygon: 390,250, with a daily increase of 6.85%

4.1.2 New User Profile

Core data: There were a total of 84,780 new active users on Polygon yesterday, with a daily increase of 0.62%

Popular Sectors

Popular Projects

Key Projects:

IMVU (DApp) — This social metaverse project on Polygon empowers the creator economy through NFTs and a dual-token model. The project is backed by Animoca, Bitkraft, Jump, Immutable, and others. IMVU is a social app that was built in 2014 and has seen 350 million users in its lifetime, indicating high popularity. This blockchain shift is aimed at exploring the Web3 space.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 390,250, with a daily increase of 6.85%

Popular Sectors

Popular Projects

Key Projects:

Polygon (DApp) — The Polygon team announced plans to create a new governance framework aimed at enabling more decentralized control of its ecosystem. The team stated that the new governance model will establish three main governance pillars, focusing on core protocol governance, smart contract governance, and community treasury governance.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Polygon UNI V3 — The top ten trading pairs in terms of volume are all mainstream pairs, with no particular projects standing out.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 181,832

Arbitrum New Active Users: 30,165, with a daily increase of 0.31%

Arbitrum Existing Active Users: 151,667, with a daily increase of 11.53%

5.1.2 New User Profile

Core data: There were a total of 30,165 new active users on Arbitrum yesterday, with a daily increase of 0.31%

Popular Sectors

Popular Projects

Key Projects:

SIZECREATURE (NFT) — This project is conducting a seadrop on Opensea for its “Migration” Creature World 2023 Fall Fashion Collection. Currently, there are over 67,000 minted NFTs, which are available for free minting. The project has garnered significant attention and popularity. https://opensea.io/collection/sizecreature/drop

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 151,667, with a daily increase of 11.53%

Popular Sectors

Popular Projects

Key Projects:

OpenSea Seadrop (DApp) — OpenSea recently launched the seadrop project SIZECREATURE on Arbitrum. Over 67,000 items have been minted so far, resulting in high on-chain popularity. There are also four other seadrop projects ongoing, providing good traffic for OpenSea.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

The top ten on UNI V3 are all mainstream trading pairs, with no particular projects standing out.

6.DApp Ecosystem — All Chains

Serious Dice (DApp) — A gambling-type mini-game platform with a very simple design. There is currently no associated information available on Twitter and other platforms, and no visitor data according to Similarweb. It is essential to observe its performance.

7.DApp Ecosystem — ETH Chain

Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. Manifold will expand its Creator toolset to L2, providing users with a lower transaction gas fee experience.

8.DApp Ecosystem — BSC Chain

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

9.DApp Ecosystem — Polygon Chain

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

10.DApp Ecosystem — WAX Chain

MiningNetwork (DApp) — Its base number is too small and UAW fluctuation is not significant. The UAW fluctuations of other projects are within the normal range.

11.DApp Ecosystem — Solana Chain

Orca (DApp) — A decentralized exchange built on Solana, Orca launched a new product in May and has been running promotions frequently. However, the overall UAW data is low. Its future development is highly linked with the Solana ecosystem.

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. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is over US$20 million, mainly formed by the staking of WOO tokens. With new products set to launch in the future, the usage of WOOFi continues to increase.

13.DApp Ecosystem — GameFi Sector Across All Chains

Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received US$3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game activity has consistently remained among the top ranks of various chains. The project updated its roadmap on June 5 and introduced a new token proposal on July 20, which will incorporate a burn mechanism.

14.Gas Fee Consumption — ETH Chain

Unibot (Token) — As a leading project in the Bot Coin sector, Unibot has a market cap of US$71 million, with a 24-hour trading volume of US$2.7 million. It has increased by over 50% in the past week. The contract checks reveal risks including potential trading pauses, anti-whale measures, adjustable transaction taxes, and potential blacklist mechanisms. Currently, it has a high level of market attention and the token has good wealth effects.

MEV Bot (Other) — As the memecoin trading shows signs of improvement, Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. Conversely, it is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid attacks by MEV Bot.

15.Gas Fee Consumption — BSC Chain

Link3 (DApp) — Link3 is a Web3 native social platform built on the CyberConnect protocol. Currently, the total number of CyberProfiles has exceeded 100,000. Recently, Arbitrum, MantaNetwork, and PoolTogether have joined the Link3 fam, with new promotions keeping on-chain interactions active.

16.Gas Fee Consumption — Polygon Chain

Holograph (DApp) — A multi-chain NFT protocol. Holograph’s solution allows NFTs to be transferred seamlessly between blockchains without the need for wrapping, and LayerZero serves as the cross-chain message delivery solution for Holograph.

17.Gas Fee Consumption — Arbitrum Chain

Vertex (DApp) — Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures.

18.Twitter Trends Token Top 20

Moon (Token) — A community token for Reddit. Since Reddit changed its Terms of Service (ToS), users can now use, earn, and buy virtual avatars, virtual goods, and digital currencies. With the updated terms, r/CryptoCurrency started using MOON tokens as community points. Users can use MOON tokens for tipping and earn MOON tokens by posting.

XLM (Token) — Stellar, XLM is a fork of XRP with a smaller market capitalization. It has seen positive price movement recently, likely influenced by the favorable outcome of the XRP lawsuit. The token has surpassed the previous high caused by the XRP victory, indicating a positive wealth effect and sparking more discussions in the community.

19.Google Trends — Global

XRP (Token) — XRP won a lawsuit against the SEC last week. The U.S. District Court for the Southern District of New York stated that XRP itself is not a security, and Ripple’s sale of XRP constitutes an offer and sale of unregistered investment contracts. The token price saw a significant increase as a result of this event, and Binance.US, Coinbase, and Kraken Pro successively relisted XRP.

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

a) South Asia Region

India Trending Tokens and Keywords: Apemex, Crypto Inbox, Flow, Hbar

Pakistan Trending Tokens and Keywords: faucet, Bitget, Tradingview, CMC

b) Southeast Asia Region

Malaysia Trending Tokens: Moon, XRP, SOL

Thailand Trending Keywords: Coinpayu, Crypto Dog

Philippines Trending Tokens: XRP, PI, SLP

Indonesia Trending Tokens and Keywords: BTC, Dogecoin, Akademi

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

Trending Tokens and Keywords: PLI, GBEX, COCOS

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

a) CIS Region

Trending Tokens: None

b) English-speaking Countries

Canada Trending Tokens: MOON, PI, CRO, Ontario

USA Trending Tokens: Moon, STX, CAKE

Australia Trending Tokens: ADA, STX, Casper, Kin, ETH, GPT

UK Trending Tokens: XRP, Koda

c) Europe

Spain Trending Tokens: SLP, BTC, SHIB, XLM

Germany Trending Tokens: XRP, Elrond, ATOM, Cosmos, AMP, BTC; Trending Keywords: AI crypto Coins

France Trending Tokens: Shib, DCA, BTC, SOL, LOVEHATE Inu

Switzerland Trending Tokens: XRP, SHIB, MOON

Turkey Trending Tokens and Keywords: Komodo, Crypto Fund, Crypto News, Yuki Crypto 50

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

a) Africa

Nigeria Trending Keywords: Kucoin, Crypto Bubble, Crypto Fixed Match, Trust Wallet

South Africa Trending Keywords: XRP, VALR, CGC, Crypto News

b) Middle East

Trending Keywords: XRP, Euro

c) Latin America

Brazil Trending Tokens: FreeBitcoin, Crypto Pepe, AXS, HNT, ERGO

Argentina Trending Tokens: Luna, SLM, BTC

Mexico Trending Tokens: XRP

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