Bitget Research: Oracle Sector Exhibits Strong Performance, Binance Web3 Wallet Launches Inscriptions Marketplace

In the past 24 hours, many new popular tokens and topics have emerged in the market, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

ligo (BRC-20 Token) - LIGO, a BRC-20 token of a Bitcoin Layer 2 protocol, implements EVM on Bitcoin L2, enhancing compatibility with Ethereum and its DeFi ecosystem while offering increased scalability and liquidity. The market cap, based on the mint cost (GAS 70-120), ranges between $7 million and $10 million. Deployed on December 3, 2023, it now has over 11k holders. Influenced by the Binance Web3 Wallet's support for BRC inscriptions, the BRC-20 sector has bucked the market trend with a slight rise.

PENDLE (Token) - On January 11, PENDLE announced the launch of its liquid staking token (LST) eETH on Ether.fi, entering the re-staking/LRTfi field. Pendle LPs depositing eETH will continue to receive all native rewards for eETH, including EigenLayer points, Ether.fi loyalty points, ETH staking yield, and re-staking yield. Pendle's TVL has soared, with the price continuously reaching new highs.

SWCH (Token) - Swisscheese Finance is positioned as the world's first decentralized exchange for trading tokenized stocks. The token has recently surged, experiencing a 15.9% increase in a single day. It has an on-chain liquidity pool of $570,000 and a 24-hour trading volume of $878,000. It is essential to stay updated on SWCH.

ZETA (Token) - ZetaChain is a Layer 1 smart contract blockchain aimed at creating a seamless framework for message passing, state synchronization, and asset exchange between different blockchains. It connects Ethereum, Ethereum L2 rollups, Solana, Terra, Algorand, and other EVM chains, as well as non-EVM chains like Bitcoin and Dogecoin, addressing cross-chain interoperability challenges. Binance announced it would list USDT-M ZETA perpetual futures on February 2, 4:30 PM (GMT+8), with up to 50x leverage.

PORK (Token) - A forked version of PEPE released by influencer PAULY, PORK saw its price continuously rise for 3 days, surpassing a market cap of $200 million, with a 24-hour on-chain trading volume of $60 million. Today, influenced by new artwork and comments from PEPE's creator Matt Furie, its popularity continues to grow, with a 133% price increase in the past 24 hours alone, and the price remains at a high level. It is important to note that the project's founders bought a high proportion of tokens before its launch and have not yet sold any.

JUP (Token) - An Ethereum-based project that shares the same name with the Solana-based DEX, Jupiter. Influenced by the Solana-based Jupiter’s airdrop and token issuance frenzy, JUP reached a market cap of $20 million at one point. However, as the hype faded and profit-taking occurred, it plummeted by over 60%, with trading volume significantly decreasing over the past 10 hours.

2.Popular NFTs:

RSIC (NFT) - According to Magic Eden, the floor price for RSIC inscription RSIC METAPROTOCOL has reached a new all-time high of 0.0825 BTC (approximately $3557), with a cumulative trading volume of 335.224 BTC.

3.Popular DApps:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

Mode (DApp) - Mode, based on the OP Stack's L2 network, will start a points airdrop promotion in April to reward its active users. Mode will distribute 550 million MODE tokens (5.5% of the total supply) for incentives, with 400 million MODE allocated for the points airdrop; 50 million MODE will be unlocked upon reaching $100 million in TVL; another 50 million MODE will be unlocked upon reaching $200 million in TVL; and 50 million MODE will be distributed to 500 NFT lottery winners among the top 20% promotion participants.

Dmail Network (DApp) - The privacy email system Dmail network has released detailed eligibility and distribution information for the $DMAIL Season 1 Airdrop. The DMAIL airdrop is set to begin on January 30, coinciding with its listing for trading. Users are reminded not to trust or authorize any airdrop addresses before this date and to beware of fraudulent websites. The only official source of information is dmail.ai.

Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.

Kratos Studios (DApp) - Kratos Studios, based in India, is a Web3 gaming startup and the intellectual property owner of the world's largest gaming DAO, IndiGG. Established in 2022, the company focuses on developing various types of games, operating as a Web3 gaming company. In addition to holding the intellectual property of IndiGG, Kratos Studios is also an active investor in the global Web3 gaming space.

Merkly (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

WooFi (DApp) - The cryptocurrency trading platform WOO X completed a $9 million financing round to improve liquidity. Investors include Wintermute, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge. Only market makers, rather than traditional venture capital funds, participated in this round, to boost WOO X's liquidity.

Bungee (DApp) - Bungee serves as a bridge aggregator, akin to the functionalities of 1Inch or Paraswap for cross-chain swapping. It simplifies and streamlines the process of cross-chain exchanges by integrating DEXs and DEX aggregators, providing users with an efficient solution for their trading needs across different chains.

Puffer (DApp) - Ethereum liquidity staking protocol Puffer Finance, invested by Binance Labs, opened up stETH and wstETH staking to users. Participants can earn Puffer and EigenLayer points. Since its launch, it has accumulated Ethereum deposits worth over $180 million.

QnA3 (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

Galxe (DApp) - Galxe supports a variety of data sources, including both on-chain and off-chain. For on-chain credentials, curators can contribute through subgraph queries or static snapshots. For off-chain credentials, Project Galaxy has integrated with platforms like Snapshot.org, Twitter, and Github. This support for diverse data sources enables Project Galaxy to more broadly collect and utilize data.

Friend.tech (DApp) - Friend.tech announced via Twitter that they will conduct the final weekly distribution of points for the beta period, bringing the total number of points distributed to 90 million, with the remaining 10 million beta period points to be distributed during the upcoming v2 launch. The project's point testing phase is in its final stages, with strong expectations for token issuance. Backed by investment from Paradigm, it's advisable to keep a close watch on this project.

Bridgers (DApp) - SWFT AllChain Bridge H5 version offers a one-stop cross-chain exchange that directly connects to user wallets, enabling one-click transactions. It recently launched an NFT exchange section. Users can now access leading NFT trading platforms such as OpenSea, LooksRare, Rarible, Treasureland, and BakerySwap, as well as leading NFT projects like Bored Ape Yacht Club. Users can also exchange any supported token across any chain for top-tier NFTs with just one click.

Odos (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility. The project has not yet launched its token, offering an opportunity to interact early for a potential airdrop.

4.Twitter Hot Topics:

No data for this segment today due to anomalies in the data source.

5.Regional Trending Searches:

Polygon (DApp) - The Web3 game developer platform Immutable has recently partnered with Polygon to launch the Immutable zkEVM mainnet in early access mode for selected game studios and ecosystem partners, with plans to open it to the public in the coming weeks. Yesterday, Polygon Labs CEO Marc Boiron announced on social media that the company has laid off 60 people, accounting for 19% of the team members.

Main Body

Written by: Bitget Research

Data collection time: February 2, 10:30 AM

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)

5) In this report, the term "Entity" refers to both Contract Account (CA) and Ethereum Original Account (EOA), and is not a result of the aggregation of actual entity addresses.

1.BTC Profile - BRC-20

ligo (BRC-20 Token) - LIGO, a BRC-20 token of a Bitcoin Layer 2 protocol, implements EVM on Bitcoin L2, enhancing compatibility with Ethereum and its DeFi ecosystem while offering increased scalability and liquidity. The market cap, based on the mint cost (GAS 70-120), ranges between $7 million and $10 million. Deployed on December 3, 2023, it now has over 11k holders. Influenced by the Binance Web3 Wallet's support for BRC inscriptions, the BRC-20 sector has bucked the market trend with a slight rise.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 450,783

New active users on ETH: 87,317, with a daily decrease of 6.01%

Existing active users on ETH: 363,466, with a daily increase of 0.06%

2.1.2 New User Profile

Core data: There were a total of 87,317 new active users on ETH yesterday, with a daily decrease of 6.01%

Popular Sectors

Popular Projects

Key Projects:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 363,466, with a daily increase of 0.06%

Popular Sectors

Popular Projects

Key Projects:

Mode (DApp) - Mode, based on the OP Stack's L2 network, will start a points airdrop promotion in April to reward its active users. Mode will distribute 550 million MODE tokens (5.5% of the total supply) for incentives, with 400 million MODE allocated for the points airdrop; 50 million MODE will be unlocked upon reaching $100 million in TVL; another 50 million MODE will be unlocked upon reaching $200 million in TVL; and 50 million MODE will be distributed to 500 NFT lottery winners among the top 20% promotion participants.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

JUP (Token) - An Ethereum-based project that shares the same name with the Solana-based DEX, Jupiter. Influenced by the Solana-based Jupiter’s airdrop and token issuance frenzy, JUP reached a market cap of $20 million at one point. However, as the hype faded and profit-taking occurred, it plummeted by over 60%, with trading volume significantly decreasing over the past 10 hours.

2.2.2 Uniswap V3

PORK (Token) - A forked version of PEPE released by influencer PAULY, PORK saw its price continuously rise for 3 days, surpassing a market cap of $200 million, with a 24-hour on-chain trading volume of $60 million. Today, influenced by new artwork and comments from PEPE's creator Matt Furie, its popularity continues to grow, with a 133% price increase in the past 24 hours alone, and the price remains at a high level. It is important to note that the project's founders bought a high proportion of tokens before its launch and have not yet sold any.

2.3 Popular NFTs

2.3.1 Top NFT Collections

RSIC (NFT) - According to Magic Eden, the floor price for RSIC inscription RSIC METAPROTOCOL has reached a new all-time high of 0.0825 BTC (approximately $3557), with a cumulative trading volume of 335.224 BTC.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,292,225

New active users on BSC: 170,801, with a daily decrease of 2.10%

Existing active users on BSC: 1,121,424, with a daily increase of 3.04%

3.1.2 New User Profile

Core data: There were a total of 170,801 new active users on BSC yesterday, with a daily decrease of 2.10%

Popular Sectors

Popular Projects

Key Projects:

Dmail Network (DApp) - The privacy email system Dmail network has released detailed eligibility and distribution information for the $DMAIL Season 1 Airdrop. The DMAIL airdrop is set to begin on January 30, coinciding with its listing for trading. Users are reminded not to trust or authorize any airdrop addresses before this date and to beware of fraudulent websites. The only official source of information is dmail.ai.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,121,424, with a daily increase of 3.04%

Popular Sectors

Popular Projects

Key Projects:

Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

ZETA (Token) - ZetaChain is a Layer 1 smart contract blockchain aimed at creating a seamless framework for message passing, state synchronization, and asset exchange between different blockchains. It connects Ethereum, Ethereum L2 rollups, Solana, Terra, Algorand, and other EVM chains, as well as non-EVM chains like Bitcoin and Dogecoin, addressing cross-chain interoperability challenges. Binance announced it would list USDT-M ZETA perpetual futures on February 2, 4:30 PM (GMT+8), with up to 50x leverage.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 692,775

New active users on Polygon: 133,511, with a daily decrease of 15.08%

Existing active users on Polygon: 559,264, with a daily increase of 1.87%

4.1.2 New User Profile

Core data: There were a total of 133,511 new active users on Polygon yesterday, with a daily decrease of 15.08%

Popular Sectors

Popular Projects

Key Projects:

Kratos Studios (DApp) - Kratos Studios, based in India, is a Web3 gaming startup and the intellectual property owner of the world's largest gaming DAO, IndiGG. Established in 2022, the company focuses on developing various types of games, operating as a Web3 gaming company. In addition to holding the intellectual property of IndiGG, Kratos Studios is also an active investor in the global Web3 gaming space.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 559,264, with a daily increase of 1.87%

Popular Sectors

Popular Projects

Key Projects:

Merkly (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

SWCH (Token) - Swisscheese Finance is positioned as the world's first decentralized exchange for trading tokenized stocks. The token has recently surged, experiencing a 15.9% increase in a single day. It has an on-chain liquidity pool of $570,000 and a 24-hour trading volume of $878,000. It is essential to stay updated on SWCH.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 155,828

New Active Users on Arbitrum: 24,405, with a daily decrease of 18.07%

Existing Active Users on Arbitrum: 131,423, with a daily decrease of 12.84%

5.1.2 New User Profile

Core data: There were a total of 24,405 new active users on Arbitrum yesterday, with a daily decrease of 18.07%

Popular Sectors

Popular Projects

Key Projects:

WooFi (DApp) - The cryptocurrency trading platform WOO X completed a $9 million financing round to improve liquidity. Investors include Wintermute, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge. Only market makers, rather than traditional venture capital funds, participated in this round, to boost WOO X's liquidity.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 131,423, with a daily decrease of 12.84%

Popular Sectors

Popular Projects

Key Projects:

RabbitHole (DApp) - RabbitHole has recently aggregated all tasks offered through the Quest Protocol, enabling users to earn tokens by engaging with crypto applications. The project is experiencing high levels of interaction, which may be related to a potential token launch, making it an attractive option for engagement.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) - On January 11, PENDLE announced the launch of its liquid staking token (LST) eETH on Ether.fi, entering the re-staking/LRTfi field. Pendle LPs depositing eETH will continue to receive all native rewards for eETH, including EigenLayer points, Ether.fi loyalty points, ETH staking yield, and re-staking yield. Pendle's TVL has soared, with the price continuously reaching new highs.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 68,961

New Active Users on Base: 11,383, with a daily decrease of 19.97%

Existing Active Users on Base: 57,578, with a daily decrease of 6.54%

6.1.2 New User Profile

Core data: There were a total of 11,383 new active users on Base yesterday, with a daily decrease of 19.97%

Popular Sectors

Popular Projects

Key Projects:

Odos (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility. The project has not yet launched its token, offering an opportunity to interact early for a potential airdrop.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 57,578, with a daily decrease of 6.54%

Popular Sectors

Popular Projects

Key Projects:

LayerZero (DApp) - The cross-chain interoperability protocol LayerZero has announced the launch of its V2, with new features including universal message passing, modular security, permissionless execution, unified semantics, and V1 compatibility. It currently supports more than 20 chains, offering permissionless, censorship-resistant, and immutable interoperability.

7. DApp Ecosystem - All Chains

Jupiter was described earlier in the report.

8.DApp Ecosystem - ETH Chain

On the Ethereum chain, projects excluding LSD and re-staking projects have experienced varying degrees of decline in terms of UAW.

9.DApp Ecosystem - BSC

Bridgers (DApp) - SWFT AllChain Bridge H5 version offers a one-stop cross-chain exchange that directly connects to user wallets, enabling one-click transactions. It recently launched an NFT exchange section. Users can now access leading NFT trading platforms such as OpenSea, LooksRare, Rarible, Treasureland, and BakerySwap, as well as leading NFT projects like Bored Ape Yacht Club. Users can also exchange any supported token across any chain for top-tier NFTs with just one click.

10.DApp Ecosystem - Polygon Chain

Kratos was described earlier in the report.

11.DApp Ecosystem - Solana Chain

Kamino Finance (DApp) - Kamino is an automated liquidity solution based on the Concentrated Liquidity Market Maker (CLMM) mechanism. Liquidity providers (LPs) looking to improve capital efficiency can utilize Kamino's automated market-making pools to enhance their anticipated fee and return yields. Kamino is incubated by the Hubble Protocol.

12.DApp Ecosystem - Arbitrum Chain

Rabbithole was described earlier in the report.

13.DApp Ecosystem - Base Chain

Bungee (DApp) - Bungee serves as a bridge aggregator, akin to the functionalities of 1Inch or Paraswap for cross-chain swapping. It simplifies and streamlines the process of cross-chain exchanges by integrating DEXs and DEX aggregators, providing users with an efficient solution for their trading needs across different chains.

14.DApp Ecosystem - GameFi Sector Across All Chains

The UAW fluctuations of all the projects are within the normal range.

15.Gas Fee Consumption - ETH Chain

Puffer (DApp) - Ethereum liquidity staking protocol Puffer Finance, invested by Binance Labs, opened up stETH and wstETH staking to users. Participants can earn Puffer and EigenLayer points. Since its launch, it has accumulated Ethereum deposits worth over $180 million.

16.Gas Fee Consumption - BSC

QnA3 (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

17.Gas Fee Consumption - Polygon Chain

Galxe (DApp) - Galxe supports a variety of data sources, including both on-chain and off-chain. For on-chain credentials, curators can contribute through subgraph queries or static snapshots. For off-chain credentials, Project Galaxy has integrated with platforms like Snapshot.org, Twitter, and Github. This support for diverse data sources enables Project Galaxy to more broadly collect and utilize data.

18.Gas Fee Consumption - Arbitrum Chain

LayerZero (DApp) - The cross-chain interoperability protocol LayerZero has announced the launch of its V2, with new features including universal message passing, modular security, permissionless execution, unified semantics, and V1 compatibility. It currently supports more than 20 chains, offering permissionless, censorship-resistant, and immutable interoperability.

19.Gas Fee Consumption - Base Chain

Friend.tech (DApp) - Friend.tech announced via Twitter that they will conduct the final weekly distribution of points for the beta period, bringing the total number of points distributed to 90 million, with the remaining 10 million beta period points to be distributed during the upcoming v2 launch. The project's point testing phase is in its final stages, with strong expectations for token issuance. Backed by investment from Paradigm, it's advisable to keep a close watch on this project.

20.Top Trending Tokens on Twitter

No data for this segment today due to anomalies in the data source.

21.Google Trends - Global

Polygon (DApp) - The Web3 game developer platform Immutable has recently partnered with Polygon to launch the Immutable zkEVM mainnet in early access mode for selected game studios and ecosystem partners, with plans to open it to the public in the coming weeks. Yesterday, Polygon Labs CEO Marc Boiron announced on social media that the company has laid off 60 people, accounting for 19% of the team members.

22.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

a) South Asia Region

India Trends: YFII, LTC, ETH

Pakistan Trends: Crypto airdrop, Market cap

b) Southeast Asia Region

Vietnam Trends: Crypto Bubbles, Coinmarketcap, Casino

Philippines Trends: BTC, Airdrop, Fud

Singapore Trends: OLAS

Indonesia Trends: LUNC, ICP, TITIAN, TVL

c) East Asia

Trends: Wallet

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

a) CIS Region

Trends: Jupiter, Arkham, Airdrop, News

b) English-speaking Countries

Australia Trends: Jupiter, SHIDO, Celsius, Casper, INJ, MATIC, API3

UK Trends: SHIB, CAKE, Marlin, Copper, PAMBO

USA Trends: Marlin, JUP, ASM, Weodex, GRASS

Canada Trends: XLM, MATIC, Newton, Paradox, Kaspa

c) Europe

France Trends: Celestia, GTAI, TRX, FLUX, ETC

Poland Trends: Celestia, ARK, ETH, DOGE

Switzerland Trends: Airdrop, XRP

Türkiye Trends: RSI, Selcoin

Germany Trends: IIS, TRON, Jupiter, TAO, Casper

Italy Trends: BTC, UMA, SUI, SHIBA, Celsius, POND

Belgium Trends: Crypto, Die

Spain Trends: SATS, ADA, INJ, Hedera, ROSE

Netherlands Trends: Dier

24.Google Trends Surge - Middle East, Latin America, Africa

a) Africa

South Africa Trends: BTC, ETH, XRP

Nigeria Trends: FUD, FDV, Halving in crypto

b) Middle East

Trends: News, Polygon

c) Latin America

Brazil Trends: BTC, RADIX, VET, LINK

Argentina Trends: Polygon, MANTA, SEI, ARK

Mexico Trends: Jupiter

Reference Links

Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview