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Bitget Research: ARK Bitcoin Spot ETF Application Result Approaching, Binance Labs Invests $5 Million to Purchase CRV

Bitget Research
2023/08/11
Bitget Research: ARK Bitcoin Spot ETF Application Result Approaching, Binance Labs Invests $5 Million to Purchase CRV

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:

WHEE (Token) - A BRC20 meme token with around 53.5K followers on Twitter, KOL @markjeffrey has repeatedly endorsed and bought into it. The token has seen a slight increase of 0.06% in the past 24 hours, with a trading volume of $22K. Recently, it launched the EVM cross-chain bridge, Multibit Bridge, which supports the cross-chain functionality for ORDI, OXBT, and WHEE, contributing to its growing popularity.
USDC (Token) - According to Bloomberg, Circle's CEO Jeremy Allaire stated that Circle's revenue for the first half of the year was $779 million, surpassing the full-year revenue of $772 million in 2022. Despite the long-term decrease in USDC issuance, the total market capitalization currently stands at $26.15 billion, down by $27.31 billion from the same period last year. However, the impact of the Federal Reserve's interest rate hikes has led to increased interest income, boosting Circle's revenue.
Unibot (Token) - A leading project in the Telegram Bot race and has managed to secure a favorable position within the market. The project offers various functionalities such as TG DE X trading, automatic subscription, copy trading, and more. Currently, the project boasts a significant user base, and in late July, the protocol achieved a daily transaction fee income of up to US$650,000. On regular days, the income level remains around US$100,000. The search volume for Unibot-related keywords on Google increased nearly fourfold in July, indicating a substantial increase in awareness and interest in the project. The token is currently listed on Bitget;
CRYPTO (Token) - A meme coin project that has shown high activity today, with a 128% increase in the last 24 hours. It has recorded 5,026 daily transactions, holds 1,580 addresses, and has a trading volume of $6.41 million. It's worth keeping an eye on.
PNDC (Token) - A meme token issued by Pauly, a prominent PEPE holder. Its initial launch caused a GasWar on the blockchain, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on- XCNUSDT"> chain trading volume reaching US$541 million and over 2465 transactions recorded within the same period.
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$25.33 million and a 24-hour trading volume of US$4.5 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 493,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended.
LADYS2.0 (Token) - A meme 2.0 concept token. It has seen a trading volume of US$2 million in the past 24 hours with 10,662 transactions and experienced a significant increase of 197.02% in the past 24 hours. The contract owner has relinquished control, and there are currently 714 token holders. It is advisable to observe the project closely.
DAI (Token) - According to Spark Protocol, a lending protocol under MakerDAO, the deposit interest rate for DAI has been increased to 8%. In response, large-scale players in the blockchain ecosystem have taken action. Justin Sun's address, for example, has once again utilized two addresses to collateralize stETH and minted 50 million DAI. These newly minted DAI tokens have been deposited into DSR (Dai Savings Rate) to earn the current 8% deposit interest rate. Currently, JustinSun has collateralized a cumulative total of 231,116 stETH (approximately US$428 million) at two addresses to mint 175.8 million DAIs and deposit them in the DSR.
SWCH (Token) - Swisscheese Finance is positioned as the world's first decentralized exchange for trading tokenized stocks. The token has recently surged, experiencing an 8.9% increase in a single day. It has an on-chain liquidity pool of US$520,000 and a 24-hour trading volume of US$512,000. It is essential to stay updated on SWCH.
LK99 (Token) - A greenhouse superconductor concept token issued on Arbitrum. Currently, it has a liquidity of US$17,000 and a trading volume of US$63,000 in the past 24 hours. The token price has increased by 4.3% today. However, contract analysis reveals several risks, including unknown buy/sell tax rates, anti-whale measures, and the ability to set up a blacklist. It is advisable to closely observe this project.
Unibot (Token) - The price of the token has recently experienced a significant rebound, reaching a high point of US$210 today. The platform currently has a total of over 8,750 users. As the token price rises, the fees earned from selling UNIBOT tokens have continued to climb, accounting for 59% of the total revenue. The token has a trading volume of US$6.48 million in the past 24 hours, indicating active trading. There are expectations for future listing on Binance.
XEN (Token) - Recently, founder Jack Levin tweeted that the return of XenGPT has brought in an overwhelming number of users, leading to some issues. However, they assured users that they would swiftly increase capacity. Alongside the announcement, Jack Levin also tweeted a call to action: "When $XEN has a surprise pump." As a result, XEN experienced a surge in price with a 24-hour increase of approximately 30%.

2. Popular NFTs:

Pandra (NFT) - A series of NFTs issued by Polyhedra Network. It enables cross-chain interaction with both zkBridge and LayerZero protocols. The task deadline is August 20th, and the NFT's transactions have been boosted by speculative investors taking advantage of the airdrop.
Holograph (NFT) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations.

3. Popular DApps:

Tinytap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and has recently established a US$10 million Global Educators Fund, gaining considerable interest in the community.
Stargate (DApp) - A liquidity transfer protocol and a core project in the LayerZero ecosystem. The announcement of STG listing on Upbit, a South Korean cryptocurrency exchange, with support for BTC trading pairs, had an initial positive impact on the price, causing a short-term surge of 13%. However, the price later retraced and experienced a 7.66% decline today.
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.
Mobox (DApp) - Mobox is a cross-chain metaverse gaming platform. Following the launch of MoDragon on Arbitrum, the platform's traffic has received a new boost. There have been no special promotional activities recently.
Galxe (DApp) - As on-chain task platforms and top DID apps become more and more important mediums for various project owners to attract traffic, interact with users and act as a credential for users to receive airdrops, Galxe continues to launch its weekly activities. It has co-hosted promotions with Base where users can receive ETH as rewards for answering questions and minting NFTs. The project has gained a lot of attention from the community.
Rarible (DApp) - A community-centric multi-chain NFT marketplace that consistently ranks in the top 5 for user interaction within the Solana ecosystem. Rarible runs many promotions for its community and also posts joint announcements with other projects.
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.
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 and are officially announced on social media.

4. Twitter Hot Topics:

RLB (Token) - Rollbit Coin, a token associated with gambling, utilizes NFTs as infrastructure for a cryptocurrency trading channel with 1000x leverage. The token's performance is promising; out of RLB's 5 billion tokens, 1.7 billion have been repurchased and burned. In the future, 10% of gambling income, 20% of lottery income, and 30% of contract income will be used for repurchasing and burning. The token continues to rise today by 28%, with a trading volume of $24.96 million in the past 24 hours, and its market cap has reached $658 million.

5. Regional Trending Searches:

Bitcoin (Token) - On August 11th, the US July non-seasonally adjusted CPI annual rate recorded 3.2%, marking the first acceleration since June 2022 and slightly below the market expectation of 3.3%. The previous value was 3%. The anticipation of the Fed's interest rate hike momentum diminishing in September has led to lackluster performance in BTC's price, showing limited upward momentum.

Main Body

Written by: Bitget Research
Data collection time: August 11, 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)

1. BTC Profile - BRC-20

WHEE (Token) - A BRC20 meme token with around 53.5K followers on Twitter, KOL @markjeffrey has repeatedly endorsed and bought into it. The token has seen a slight increase of 0.06% in the past 24 hours, with a trading volume of $22K. Recently, it launched the EVM cross-chain bridge, Multibit Bridge, which supports the cross-chain functionality for ORDI, OXBT, and WHEE, contributing to its growing popularity.

2. Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data
Total active users of ETH: 387,554
New active users of ETH: 76,546, with a daily decrease of 0.86%
Existing active users of ETH: 311,008, with a daily decrease of 11.61%
2.1.2 New User Profile
Core data: There were a total of 76,546 new active users on ETH yesterday, with a daily decrease of 0.86%
Popular Sectors
Popular Projects
Key Projects:
USDC (Token) - According to Bloomberg, Circle's CEO Jeremy Allaire stated that Circle's revenue for the first half of the year was $779 million, surpassing the full-year revenue of $772 million in 2022. Despite the long-term decrease in USDC issuance, the total market capitalization currently stands at $26.15 billion, down by $27.31 billion from the same period last year. However, the impact of the Federal Reserve's interest rate hikes has led to increased interest income, boosting Circle's revenue.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 311,008, with a daily decrease of 11.61%
Popular Sectors
Popular Projects
Key Projects:
Unibot (Token) - A leading project in the Telegram Bot race and has managed to secure a favorable position within the market. The project offers various functionalities such as TG DEX trading, automatic subscription, copy trading, and more. Currently, the project boasts a significant user base, and in late July, the protocol achieved a daily transaction fee income of up to US$650,000. On regular days, the income level remains around US$100,000. The search volume for Unibot-related keywords on Google increased nearly fourfold in July, indicating a substantial increase in awareness and interest in the project. The token is currently listed on Bitget;

2.2 Popular Trading Pairs

2.2.1 Uniswap V2
CRYPTO (Token) - A meme coin project that has shown high activity today, with a 128% increase in the last 24 hours. It has recorded 5,026 daily transactions, holds 1,580 addresses, and has a trading volume of $6.41 million. It's worth keeping an eye on.
2.2.2 Uniswap V3
PNDC (Token) - A meme token issued by Pauly, a prominent PEPE holder. Its initial launch caused a GasWar on the blockchain, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on-chain trading volume reaching US$541 million and over 2465 transactions recorded within the same period.

3. Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data
Total active users on BSC: 1,135,296
New active users on BSC: 199,422, with a daily decrease of 11.03%
Existing active users on BSC: 935,874, with a daily decrease of 3.16%
3.1.2 New User Profile
Core data: There were a total of 199,422 new active users on BSC yesterday, with a daily decrease of 11.03%
Popular Sectors
Popular Projects
Key Projects:
Tinytap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and has recently established a US$10 million Global Educators Fund, gaining considerable interest in the community.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 935,874, with a daily decrease of 3.16%
Popular Sectors
Popular Projects
Key Projects:
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$25.33 million and a 24-hour trading volume of US$4.5 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 493,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2
LADYS2.0 (Token) - A meme 2.0 concept token. It has seen a trading volume of US$2 million in the past 24 hours with 10,662 transactions and experienced a significant increase of 197.02% in the past 24 hours. The contract owner has relinquished control, and there are currently 714 token holders. It is advisable to observe the project closely.

4. Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data
Total active users on Polygon: 440,555
New active users on Polygon: 99,472, with a daily decrease of 24.02%
Existing active users on Polygon: 341,083, with a daily decrease of 1.42%
4.1.2 New User Profile
Core data: There were a total of 99,472 new active users on Polygon yesterday, with a daily decrease of 24.02
Popular Sectors
Popular Projects
Key Projects:
DAI (Token) - According to Spark Protocol, a lending protocol under MakerDAO, the deposit interest rate for DAI has been increased to 8%. In response, large-scale players in the blockchain ecosystem have taken action. Justin Sun's address, for example, has once again utilized two addresses to collateralize stETH and minted 50 million DAI. These newly minted DAI tokens have been deposited into DSR (Dai Savings Rate) to earn the current 8% deposit interest rate. Currently, JustinSun has collateralized a cumulative total of 231,116 stETH (approximately US$428 million) at two addresses to mint 175.8 million DAIs and deposit them in the DSR.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 341,083, with a daily decrease of 1.42%
Popular Sectors
Popular Projects
Key Projects:
Pandra (NFT) - A series of NFTs issued by Polyhedra Network. It enables cross-chain interaction with both zkBridge and LayerZero protocols. The task deadline is August 20th, and the NFT's transactions have been boosted by speculative investors taking advantage of the airdrop.

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 an 8.9% increase in a single day. It has an on-chain liquidity pool of US$520,000 and a 24-hour trading volume of US$512,000. It is essential to stay updated on SWCH.

5. Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data
Arbitrum Active Users: 162,956
Arbitrum New Active Users: 25,776, with a daily decrease of 5.92%
Arbitrum Existing Active Users: 137,180, with a daily decrease of 4.64%
5.1.2 New User Profile
Core data: There were a total of 25,776 new active users on Arbitrum yesterday, with a daily decrease of 5.92%
Popular Sectors
Popular Projects
Key Projects:
Stargate (DApp) - A liquidity transfer protocol and a core project in the LayerZero ecosystem. The announcement of STG listing on Upbit, a South Korean cryptocurrency exchange, with support for BTC trading pairs, had an initial positive impact on the price, causing a short-term surge of 13%. However, the price later retraced and experienced a 7.66% decline today.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 137,180, with a daily decrease of 4.64%
Popular Sectors
Popular Projects
Key Projects:
Holograph (NFT) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3
LK99 (Token) - A greenhouse superconductor concept token issued on Arbitrum. Currently, it has a liquidity of US$17,000 and a trading volume of US$63,000 in the past 24 hours. The token price has increased by 4.3% today. However, contract analysis reveals several risks, including unknown buy/sell tax rates, anti-whale measures, and the ability to set up a blacklist. It is advisable to closely observe this project.

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

Bungee's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.

8. DApp Ecosystem - BSC Chain

Mobox (DApp) - Mobox is a cross-chain metaverse gaming platform. Following the launch of MoDragon on Arbitrum, the platform's traffic has received a new boost. There have been no special promotional activities recently.

9. DApp Ecosystem - Polygon Chain

Galxe (DApp) - As on-chain task platforms and top DID apps become more and more important mediums for various project owners to attract traffic, interact with users and act as a credential for users to receive airdrops, Galxe continues to launch its weekly activities. It has co-hosted promotions with Base where users can receive ETH as rewards for answering questions and minting NFTs. The project has gained a lot of attention from the community.

10. DApp Ecosystem - WAX Chain

Mining Network's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.

11. DApp Ecosystem - Solana Chain

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

12. DApp Ecosystem - Arbitrum Chain

rhino.fi's base number is too small, and the UAW fluctuation is not significant. The UAW of other projects is within the normal fluctuation range.

13. DApp Ecosystem - GameFi Sector Across All Chains

Mobox has been described earlier in the report.

14. Gas Fee Consumption - ETH Chain

Unibot (Token) - The price of the token has recently experienced a significant rebound, reaching a high point of US$210 today. The platform currently has a total of over 8,750 users. As the token price rises, the fees earned from selling UNIBOT tokens have continued to climb, accounting for 59% of the total revenue. The token has a trading volume of US$6.48 million in the past 24 hours, indicating active trading. There are expectations for future listing on Binance.

15. Gas Fee Consumption - BSC Chain

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.

16. Gas Fee Consumption - Polygon Chain

XEN (Token) - Recently, founder Jack Levin tweeted that the return of XenGPT has brought in an overwhelming number of users, leading to some issues. However, they assured users that they would swiftly increase capacity. Alongside the announcement, Jack Levin also tweeted a call to action: "When $XEN has a surprise pump." As a result, XEN experienced a surge in price with a 24-hour increase of approximately 30%.

17. Gas Fee Consumption - Arbitrum Chain

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 and are officially announced on social media.

18. Twitter Trends Token Top Rank

RLB (Token) - Rollbit Coin, a token associated with gambling, utilizes NFTs as infrastructure for a cryptocurrency trading channel with 1000x leverage. The token's performance is promising; out of RLB's 5 billion tokens, 1.7 billion have been repurchased and burned. In the future, 10% of gambling income, 20% of lottery income, and 30% of contract income will be used for repurchasing and burning. The token continues to rise today by 28%, with a trading volume of $24.96 million in the past 24 hours, and its market cap has reached $658 million.

19. Google Trends - Global

Bitcoin (Token) - On August 11th, the US July non-seasonally adjusted CPI annual rate recorded 3.2%, marking the first acceleration since June 2022 and slightly below the market expectation of 3.3%. The previous value was 3%. The anticipation of the Fed's interest rate hike momentum diminishing in September has led to lackluster performance in BTC's price, showing limited upward momentum.

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

a) South Asia Region
India Trending Tokens: BNB, PIE;
Pakistan Trending Tokens and Keywords: crypto news, etoro, coingecko, cpi data;
b) Southeast Asia Region
Philippines Trending Tokens and Keywords: CMC, GALA, bitcoin, cpingecko, DODO, SHIB;
Indonesia Trending Keywords: faucetpay, metamask, cryptotab;
Singapore Trending Keywords: binance singapore;
Malaysia Trending Keywords: binance, Crypto games;
[East Asia, Hong Kong, Macau and Taiwan] Trending Keywords: Crypto bubbles;

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

[CIS Zone] Trending Tokens and Keywords: ARKM, crypto news, airdrop crypto;
b) English-speaking Countries
Canada Trending Tokens: PI, SHIB;
USA Trending Tokens: AKT;
Australia Trending Tokens: ETH, AAVE, UNI, XRP, APT;
UK Trending Token: ADA;
c) Europe
Spain Trending Tokens: YGG, APT, XEN, CFX, DREP;
Germany Trending Tokens: SHIB, UNI, EMX;
France Trending Tokens: CEL, GRT, OXT;
Switzerland Trending Token: SHIB
Turkey Trending Keywords: Binance, crypto news, crypto wallet, crypto fund trader;

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

a) Africa
Nigeria Trending Keywords: p2p crypto exchange, best crypto wallet, crypto faucet;
South Africa Trending Tokens: SHIB, XRP, BTC;
b) Middle East Trending Keywords: Crypto news, Crypto Marketcap, Crypto Bubbles;
c) Latin America
Brazil Trending Tokens: NU, XEN, NEXUS;
Argentina Trending Tokens: CAW, SHIB, LINK, NEXUS;
Mexico Hot Token: Ultron Crypto.

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

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