Bitget Research: Uniswap Tokenomics Adjustment Sparks Movement in the DeFi Sector, ETH Surpasses $3100

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:

UNI (Token) - On February 23, the Uniswap Foundation published a proposal titled "Activate Uniswap Protocol Governance," which proposes the distribution of protocol fees proportionally to Uniswap token UNI holders, thus supporting the fundamental value of UNI. The market believes the change in UNI tokenomics could lead to significant shifts in the tokenomics of projects within the sector, causing a price surge across the board. Following the announcement, UNI's price soared by 60%, reaching a peak of $12.68. Similarly, tokens from projects in the same sector, such as SUSHI and 1INCH, experienced subsequent increases. This surge in interest across the sector suggests a potential for a second wave of price increases.

MMSS (Token) - Targeting the youth art community, this project's token has been minted out, with a current 24-hour trading volume of approximately $770,000. It recently issued a BTC asset under the Ordinals protocol. The project demonstrates sustainable operational capacity, making it essential to stay updated.

USDT (Token) - The total circulating supply of USDT has surpassed $98 billion, with the market cap of stablecoins experiencing gradual growth, strongly supporting the upward trend in the cryptocurrency market. USDT has achieved five consecutive months of net growth, with its issuance on the Tron chain reaching a new historical peak.

PALM (Token) - Due to heightened interest in the AI sector, the PALM project saw a surge, rising more than 15x in two weeks. The project saw $2.18 million in 24-hour on-chain trading volume, with 1076 transactions. Its on-chain liquidity pool is locked, and contract ownership has been renounced, ensuring relatively fair token trading. Recently, it joined the Nvidia Program Developer, indicating ongoing development and commitment to the project.

ALT (Token) - On February 20, AltLayer announced the opening of ALT airdrop claims for TIA stakers. Eligible and registered users must claim their ALT by March 5, 4:00 PM.

RNDR (Token) - Render Network (RNDR) is a blockchain-based distributed GPU rendering network platform developed by OTOY. Its main objective is to utilize blockchain technology to provide a one-stop platform for 3D content creation and transactions. The RNDR token is used as a payment currency within this network, enabling users to offer their idle GPU resources for rendering services to others and receive RNDR tokens as compensation.

GRT (Token) - The Graph is a decentralized protocol for indexing and querying blockchain data. GRT is used to ensure the integrity of secure data within its network. All users, whether they are indexers, curators, or delegators, must hold a stake in GRT to fulfill their responsibilities and earn fees from the network. Recent hype around the AI sector has brought attention to distributed computing and data projects, resulting in a rise in GRT’s value.

2.Popular NFTs:

Moonbirds (NFT) - On February 17, the Bored Ape Yacht Club development team, Yuga Labs, announced the acquisition of the Moonbirds development team, Proof. Yuga Labs has not disclosed any details about the acquisition. In the future, Yuga Labs plans to integrate Moonbirds into its gamified virtual universe game, Otherside.

Smart Cat (NFT) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. Smart Layer has announced the tokenomics of SLN, with an airdrop ratio of 2% now open for claiming. The token has been listed on multiple exchanges.

3.Popular DApps:

BananaGun (DApp) - The Telegram Bot project, Banana Gun, has announced that its bot service has been launched on the Solana network, with new features to be continually added following testing. Banana Gun has also established a collaboration with Jito. The project is currently in the testing phase for sniping and in-house limit order features.

Polyhedra (DApp) - Polyhedra Network is building the next-generation infrastructure for Web3 interoperability through advanced zero-knowledge proof (ZKP) technology. Using deVirgo, Polyhedra Network has designed and implemented zkBridge, providing a trustless and efficient infrastructure for cross-chain interoperability. zkBridge utilizes ZKP technology, allowing the prover to efficiently prove to the receiving chain that a certain state transition has occurred on the sending chain.

QnA3.AI (DApp) - The AI project QnA3.AI announced on social media its first round of token airdrop promotion, where interaction records and credits will determine users' share of the airdrop, targeting active participants, participants with outstanding interactive performance, and global ambassadors. QnA3 is an AI-driven, one-stop Web3 knowledge engine and trading portal, where users can ask questions to AI or vote on questions.

Matr1x Fire (DApp) -The global testing server for the FPS blockchain game "MATR1X FIRE" officially began testing on January 29, attracting over 70,000 global FPS players within just the first three days. Currently, it has nearly 30,000 daily active users (DAU) with an average online duration of 57 minutes.

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.

Layer zero (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.

Magic Eden (DApp) - The multi-chain NFT platform Magic Eden has launched its Traceback Diamond Rewards program. Users who have interacted on the platform and completed specific tasks are eligible for rewards, with the potential to double rewards for subsequent tasks. Diamond points are now available on the Whales Market, an OTC market for points, with one diamond valued at $0.073.

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.

4.Twitter Hot Topics:

Tinfun (NFT) - Launched by the famous influencer LaserCat397.eth, the NFT project Tinfun has recently revealed its images, generating significant interest within the crypto Twitter community.

5.Regional Trending Searches:

CKB (Token) - Nervos Network has announced its initiative to make CKB the first "POW+UTXO" Bitcoin L2. Following this announcement, the price of $CKB surged, and it has been listed on several prominent centralized exchanges.

Main Body

Written by: Bitget Research

Data collection time: February 26, 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

MMSS (Token) - Targeting the youth art community, this project's token has been minted out, with a current 24-hour trading volume of approximately $770,000. It recently issued a BTC asset under the Ordinals protocol. The project demonstrates sustainable operational capacity, making it essential to stay updated.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 479,445

New active users on ETH: 95,398, with a daily decrease of 2.45%

Existing active users on ETH: 384,047, with a daily increase of 4.58%

2.1.2 New User Profile

Core data: There were a total of 95,398 new active users on ETH yesterday, with a daily decrease of 2.45%

Popular Sectors

Popular Projects

Key Projects:

USDT (Token) - The total circulating supply of USDT has surpassed $98 billion, with the market cap of stablecoins experiencing gradual growth, strongly supporting the upward trend in the cryptocurrency market. USDT has achieved five consecutive months of net growth, with its issuance on the Tron chain reaching a new historical peak.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 384,047, with a daily increase of 4.58%

Popular Sectors

Popular Projects

Key Projects:

BananaGun (DApp) - The Telegram Bot project, Banana Gun, has announced that its bot service has been launched on the Solana network, with new features to be continually added following testing. Banana Gun has also established a collaboration with Jito. The project is currently in the testing phase for sniping and in-house limit order features.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

PALM (Token) - Due to heightened interest in the AI sector, the PALM project saw a surge, rising more than 15x in two weeks. The project saw $2.18 million in 24-hour on-chain trading volume, with 1076 transactions. Its on-chain liquidity pool is locked, and contract ownership has been renounced, ensuring relatively fair token trading. Recently, it joined the Nvidia Program Developer, indicating ongoing development and commitment to the project.

2.2.2 Uniswap V3

ALT (Token) - On February 20, AltLayer announced the opening of ALT airdrop claims for TIA stakers. Eligible and registered users must claim their ALT by March 5, 4:00 PM.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Moonbirds (NFT) - On February 17, the Bored Ape Yacht Club development team, Yuga Labs, announced the acquisition of the Moonbirds development team, Proof. Yuga Labs has not disclosed any details about the acquisition. In the future, Yuga Labs plans to integrate Moonbirds into its gamified virtual universe game, Otherside.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,325,973

New active users on BSC: 205,795, with a daily increase of 8.63%

Existing active users on BSC: 1,120,178, with a daily increase of 3.73%

3.1.2 New User Profile

Core data: There were a total of 205,795 new active users on BSC yesterday, with a daily increase of 8.63%

Popular Sectors

Popular Projects

Key Projects:

Polyhedra (DApp) - Polyhedra Network is building the next-generation infrastructure for Web3 interoperability through advanced zero-knowledge proof (ZKP) technology. Using deVirgo, Polyhedra Network has designed and implemented zkBridge, providing a trustless and efficient infrastructure for cross-chain interoperability. zkBridge utilizes ZKP technology, allowing the prover to efficiently prove to the receiving chain that a certain state transition has occurred on the sending chain.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,120,178, with a daily increase of 3.73%

Popular Sectors

Popular Projects

Key Projects:

QnA3.AI (DApp) - The AI project QnA3.AI announced on social media its first round of token airdrop promotion, where interaction records and credits will determine users' share of the airdrop, targeting active participants, participants with outstanding interactive performance, and global ambassadors. QnA3 is an AI-driven, one-stop Web3 knowledge engine and trading portal, where users can ask questions to AI or vote on questions.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

SORA (Token) - A concept token related to OpenAI's newly launched text-generation AI product, primarily traded on Ethereum. Caution is advised against replica versions on other chains that lack community consensus.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 1,109,133

New active users on Polygon: 170,800, with a daily decrease of 1.19%

Existing active users on Polygon: 938,333, with a daily increase of 3.74%

4.1.2 New User Profile

Core data: There were a total of 170,800 new active users on Polygon yesterday, with a daily decrease of 1.19%

Popular Sectors

Popular Projects

Key Projects:

Matr1x Fire (DApp) -The global testing server for the FPS blockchain game "MATR1X FIRE" officially began testing on January 29, attracting over 70,000 global FPS players within just the first three days. Currently, it has nearly 30,000 daily active users (DAU) with an average online duration of 57 minutes.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 938,333, with a daily increase of 3.74%

Popular Sectors

Popular Projects

Key Projects:

Smart Cat (NFT) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. Smart Layer has announced the tokenomics of SLN, with an airdrop ratio of 2% now open for claiming. The token has been listed on multiple exchanges.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

RNDR (Token) - Render Network (RNDR) is a blockchain-based distributed GPU rendering network platform developed by OTOY. Its main objective is to utilize blockchain technology to provide a one-stop platform for 3D content creation and transactions. The RNDR token is used as a payment currency within this network, enabling users to offer their idle GPU resources for rendering services to others and receive RNDR tokens as compensation.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 211,623

New Active Users on Arbitrum: 42,820, with a daily increase of 13.48%

Existing Active Users on Arbitrum: 168,803, with a daily increase of 2.73%

5.1.2 New User Profile

Core data: There were a total of 42,820 new active users on Arbitrum yesterday, with a daily increase of 13.48%

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 168,803, with a daily increase of 2.73%

Popular Sectors

Popular Projects

Key Projects:

Layer zero (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.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

GRT (Token) - The Graph is a decentralized protocol for indexing and querying blockchain data. GRT is used to ensure the integrity of secure data within its network. All users, whether they are indexers, curators, or delegators, must hold a stake in GRT to fulfill their responsibilities and earn fees from the network. Recent hype around the AI sector has brought attention to distributed computing and data projects, resulting in a rise in GRT’s value.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 118,956

New Active Users on Base: 21,963, with a daily increase of 19.31%

Existing Active Users on Base: 96,993, with a daily decrease of 3.47%

6.1.2 New User Profile

Core data: There were a total of 21,963 new active users on Base yesterday, with a daily increase of 19.31%

Popular Sectors

Popular Projects

Key Projects:

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from Velodrome. The project's token has been listed on Coinbase.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 96,993, with a daily decrease of 3.47%

Popular Sectors

Popular Projects

Key Projects:

Wormhole (DApp) - Co-founder Robinson Burkey hinted at an imminent significant announcement for Wormhole through a post titled "Wormhole Wednesday" on the X platform. The project later revealed its tokenomics, with a total of 10 billion W governance tokens, 17% of which are allocated to the community. At the end of November 2023, Wormhole announced it had raised $225 million in funding, despite a previous theft of $326 million, attracting considerable market attention.

7.DApp Ecosystem - All Chains

Pixels (DApp) - Pixels is a Play2Earn Web3 farming game allowing players to engage in familiar agricultural activities such as planting resources, preparing food, and trading goods. Players have the unique opportunity to own and develop individual farm plots. The project has airdropped tokens to RON stakers and is now listed on major exchanges.

8.DApp Ecosystem - ETH Chain

0x Protocol (DApp) - The 0x protocol is an open-source and decentralized trading protocol based on Ethereum, enabling users to trade Ethereum tokens (ERC-20) and non-fungible tokens (NFTs, i.e., ERC-721 tokens) quickly and securely across different decentralized exchanges. Its main role is to offer a standardized platform that enables developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

9.DApp Ecosystem - BSC

TinyTap (DApp) - TinyTap is a vast library of games created by educators. Now under the umbrella of Animoca Brands, the project is dedicated to forging an open, blockchain-driven educational ecosystem. Animoca Brands announced plans to purchase additional EDU tokens from the open market. Binance Labs invested $3.15 million in the Web3 education protocol Open Campus, bringing significant traffic to the Web3 education sector.

10.DApp Ecosystem - Polygon Chain

Matr1x (DApp) - Matr1x is a metaverse brand that builds its presence through self-developed premium games, collaborations with third parties, game IP development partnerships, and global esports promotions. Matr1x will unfold its game trilogy (Cyber Earth - Mars Immigration - Interstellar Expeditions) through three major games with a unified world view: Matr1x FIRE (first-person shooter), Matr1x WAR (shooter + MMORPG), and Matr1x EVOLUTION (SOC).

11.DApp Ecosystem - Solana Chain

Magic Eden (DApp) - The multi-chain NFT platform Magic Eden has launched its Traceback Diamond Rewards program. Users who have interacted on the platform and completed specific tasks are eligible for rewards, with the potential to double rewards for subsequent tasks. Diamond points are now available on the Whales Market, an OTC market for points, with one diamond valued at $0.073.

12.DApp Ecosystem - Arbitrum Chain

Meson.fi (DApp) - Meson is a cross-chain bridge project that facilitates faster, safer, low-cost, and zero-slippage cross-chain swaps of BTC, ETH, and stablecoins.

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

StarryNift (DApp) - StarryNift is a co-creation metaverse platform where users can play, create, and socialize. The project aims to expand Metaverse Horizons through innovative and diverse use cases to accelerate the adoption of Web3. The project team announced its tokenomics last December and plans to issue its token.

15.Gas Fee Consumption - ETH Chain

zkSync Era (DApp) - According to L2BEAT data, the TVL in zkSync Era has rebounded to over $600 million. Following Starknet’s token launch, many investors have renewed their interest in zkSync. It is currently unclear if a snapshot has been taken, but this activity indicates high market expectations for the zkSync’s token launch.

16.Gas Fee Consumption - BSC

QnA3.AI (DApp) - The AI project QnA3.AI announced on social media its first round of token airdrop promotion, where interaction records and credits will determine users' share of the airdrop, targeting active participants, participants with outstanding interactive performance, and global ambassadors. QnA3 is an AI-driven, one-stop Web3 knowledge engine and trading portal, where users can ask questions to AI or vote on questions.

17.Gas Fee Consumption - Polygon Chain

Matr1x Pioneer Badge - The global testing server for the FPS blockchain game "MATR1X FIRE" officially began testing on January 29, attracting over 70,000 global FPS players within just the first three days. Currently, it has nearly 30,000 daily active users (DAU) with an average online duration of 57 minutes.

18.Gas Fee Consumption - Arbitrum Chain

Vertex (DApp) - Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, offering cross-margin trading services. It integrates spot, perpetual contracts, and money markets into one application. It is currently the most active derivatives platform on Arbitrum.

19.Gas Fee Consumption - Base Chain

Aerodrome Finance (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from Velodrome. The project's token has been listed on Coinbase.

20.Top Trending Projects on Twitter

Tinfun (NFT) - Launched by the famous influencer LaserCat397.eth, the NFT project Tinfun has recently revealed its images, generating significant interest within the crypto Twitter community.

21.Google Trends - Global

CKB (Token) - Nervos Network has announced its initiative to make CKB the first "POW+UTXO" Bitcoin L2. Following this announcement, the price of $CKB surged, and it has been listed on several prominent centralized exchanges.

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

a) South Asia Region

India Trends: Loopring, siacoin, fomcoin

Pakistan Trends: coinglass, coingecko

b) Southeast Asia Region

Vietnam Trends: crypto news, ai crypto trading bots

Philippines Trends: arkham, crypto bubbles

Singapore Trends: bitcoin, olas, coti, worldcoin

Indonesia Trends: axie, koin, apa inu, omg

c) East AsiaTrends: Crypto news

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

a) CIS RegionTrends: Bubbles, Casino, News, Airdrop

b) English-speaking Countries

Australia Trends: gala, ckb, floki, grt, chaingpt, rune, radix, kaspa

UK Trends: xenzela, atom, velo, agi

USA Trends: radix, harlem, coti, fil, xrd, metis, sc, jasmy

Canada Trends: metis, chiliz, cardano, ckb, fantom, wld

c) Europe

France Trends: ckb, mubi, phb, celo

Poland Trends: xen, centra, ethereum

Switzerland Trends: grt, render, ckb

Türkiye Trends: selcoin, uniswap

Germany Trends: aevo, osmosis, helium, sei, pi

Italy Trends: meme, fet, coti, helium, jupiter, coti

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

a) Africa

South Africa Trends: BTC, ETH, News, crypto mining

Nigeria Trends: sybil, luno, bitcoin

b) Middle EastTrends: crypto bubbles

c) Latin America

Brazil Trends: radix, arkham, pepe, coti

Argentina Trends: pixel, coti, nexo

Mexico Trends: avax, solana, bitcoin

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