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Bitget Research: Market Volatility Extremely Low, DAI DSR Highly Favored by Institutions

Bitget Research
2023/08/14
Bitget Research: Market Volatility Extremely Low, DAI DSR Highly Favored by Institutions

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:

DAI (Token) - According to Spark Protocol, a lending protocol under MakerDAO, the market cap of Spark Protocol is approximately US$648 million. A total of over US$209 million in assets has been lent out, with roughly 198 million DAI being among them. According to the Enhanced DSR model, the DAI staked on the protocol currently earns an interest of 8% APY. The project has attracted investment from institutional investors and whales, leading to an increased trading demand for DAI in the market.
Memes (Token) - A memecoin launched less than 24 hours ago, Memes has a 24-hour trading volume of US$11.70 million, with only 223 unique holders and 467 transactions. The token contract is not open-sourced, indicating low transparency and the potential for a rug pull. The token has been continuously increasing, and it's possible that the project's team has been managing its market cap. The project carries high risks, and participation is not recommended.
NIOCTIB (Token) - Uni01cinoSamabOrettoPyrraH, the token was launched yesterday. Memes that are related to tokens have been popular recently. NIOCTIB has a 24-hour trading volume of US$2.20 million, 4104 transactions, and 1180 unique holders, showing considerable hype around the token. With a consistent rise since its launch, the token has showcased a promising wealth effect. The contract carries vulnerabilities such as transaction cooldown and blacklist mechanisms. It is essential to keep an eye on this token.
BAD (Token) - The token has recently demonstrated a significant wealth effect. It has a 24-hour trading volume of US$8.30 million, 3600 transactions, and 1830 unique holders. Currently, the project's FDV stands at US$71.10 million. The project's market cap seems relatively high, and it has started to pull back recently, indicating significant market risks.
PNDC (Token) - A memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, 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$3.60 million and 2200 transactions recorded within the same period.
Sei (Token) - Binance will open trading for Sei on August 15. On the BSC, there are currently many rug pull projects with the same name. These projects inflate their trading volumes and sales through wash trading to attract investors. Engaging with related token contracts on DEXs carries a high risk, and participation is not recommended.
NFT (Token) - MiladyRemilioSprotoApeAzukiCl.., this token is another meme that capitalizes on famous projects like the previously mentioned NIOCTIB. The token has already rugged. Multiple tokens have been released in the same series, and current ones in the market carry high risks. It's advisable to trade these memecoins on Bitget Meme. Trading on DEXs poses significant risks.
IndiCoin (Token) - This token is currently in the mint phase and conducting an airdrop. 42.3 million tokens have been minted, with 110,000 unique holders. The token contract was created 44 days ago, indicating rapid development. No relevant Twitter or website information was found, suggesting it might have a specific regional focus.
WMATIC (Token) - Wrapped version of Polygon's native token MATIC. There are relatively fewer popular assets on Polygon, making MATIC a primary trading target on DEX. MATIC has experienced a significant decline recently, but it has substantial potential for future growth, making it an essential token to keep an eye on.
LPT (Token) - Livepeer project's token, LPT has a 24-hour trading volume of US$200 million, indicating a high demand for the token. The token experienced over 30% growth over the weekend following a wave of speculation, and it has since rebounded. It has a 24-hour trading volume of US$2.3 million, indicating a significant on-chain demand and a high level of speculation, making it an essential one to stay updated on.

2.Popular NFTs:

Pandra (NFT) - A series of NFTs issued by Polyhedra Network. Cross-chaining Pandra series NFT might grant access to future project benefits. It currently enables cross-chain interaction with both zkBridge and LayerZero protocols. The task deadline is August 20th, and the NFT's interaction count has been boosted by speculative investors taking advantage of the airdrop.
XMHK (NFT) - Released by X-Meta.HK in celebration of OAT. The project is an NFT marketplace developed by a Chinese project team. The project is expected to issue the $XMC token, which will be used for liquidity management, venture capital, ecosystem pools, fund exchanges, staking rewards, etc. The project seems to be in the development phase. It is worth keeping an eye on this NFT.

3.Popular DApps:

Mintfun (DApp, NFT) - All !fundrop holders can mint a "Bridge Pass" on the ETH mainnet, allowing them to directly receive 0.00111 ETH on Zora's L2 network. This promotion has gained extensive attention and coverage on social media. Mint.fun has a solid reputation and background. The promotion has received significant community attention and is worth participating in.
Zora (DApp) - Zora is a significant NFT release and a commemorative NFT Free Mint platform within the NFT market. The project has assisted numerous project owners and influencers with NFT releases and has a certain reputation within the community. The NFT designs are quite exquisite and have caught the attention of many artists. Zora has recently been promoting NFTs for artists such as Black Dave and Woc One, with these artists' NFTs being of high quality.
BananaGun (DApp) - A widely-used Telegram Bot. Lately, the Telegram Bots sector has been showing a continuous uptrend both in on-chain popularity and active token trading. The project recently launched a Telegram crawler bot, which has facilitated trades worth US$50 million since its introduction. On-chain data indicates that the project has significant popularity, with nearly every block containing transaction information.
Quest3 (DApp) - QuestN, a prominent on-chain task platform. Recently, it has been facilitating on-chain task promotions for Bi.social and Hooked Protocol. The promotion organized together with Hooked Protocol offers a reward of 1000 $HOOK, a promotion worth joining. CyberConnect's recent token launch has led to speculations about other projects in the same sector launching their tokens.
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a 'Watch to Earn' feature, aimed at enabling users around the world to enjoy quality and free content. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on this project.
Plexus (DApp) - Plexus is a cross-chain liquidity aggregator and a middleware infrastructure. On July 28, Plexus announced that it will conduct an IDO on Seedify, attracting significant attention from the community. A significant amount of progress has been made in product development in July, including the integration with Paraswap DEX, and bridge integrations with Connect, XYfinance, Symbiosis, and more. Recently, Plexus has been conducting marketing promotions on TaskOn. It's worth keeping an eye on this project.
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%, which was followed by a retracement. The project boasts solid fundamentals, making its token suitable for long-term holding, and it's expected to perform well during a bull market.
LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data. Recently, Galxe has supported LayerZero in the integration of the LST project, which includes unsheth, Lybra Finance, and Gravita.
Iskra (DApp) - A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The project's UAW tends to be higher on weekends than on weekdays.
ParaSwap (DApp) - ParaSwap is a multi-chain decentralized exchange. There have been two major project updates recently: 1. Pacoca DeFi and Dolomite have completed DApp integration; 2. It announced to the community that it will participate in the ETH Milan offline conference.
Hippo Dash (DApp) - Hippo Club NFT. The project hasn't shared much content on Twitter recently. In July, it collaborated with Gameta to conduct the NFT Gaming Summer promotion, rewarding a total of US$60,000 worth of Hip Hop boxes. The project has been relatively quiet lately. It is worth keeping an eye on.
IndiGG (DApp) - IndiGG is one of the large gaming Dao organizations, dedicated to onboarding players into the Web3 world. The project has recently conducted a joint marketing promotion with 5TARS and Tontachi, which received a moderate response from the community. The project is in the development phase and may perform well in the future, making it an essential one to follow.
Genopets (DApp) - A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project's investors include famous organizations like Pantera, Konvoy, and Solana. The project has recently rolled out its second whitelist event and has garnered decent attention from the community.
Radiant (DApp) - The project initiated an airdrop reward window based on RFP-18 at the beginning of August. It boasts a strong background, having secured an investment of US$10 million from Binance, and is one of the LayerZero ecosystem projects. The total market cap of the project's token is only US$289 million, indicating significant potential for growth. By participating in dLP and locking up funds, investors can anticipate an annualized lending profit of around 50%. The project has a solid foundation and is worth keeping an eye on.
Splinterlands (DApp) - The project is a card game built on Hive and Wax, where players can trade, buy 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 has consistently remained among the top ranks of various chains in terms of activity.
XEN (DApp) - 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, the price of XEN surged but has since retraced. On Polygon, top gas-consuming applications have long been occupied by XEN-related contracts.
Socket (DApp) - A multi-chain application, Socket's primary offering is the Bungee Cross-Chain Aggregator. It recently announced that it raised US$20 million in a Series A round led by Andreessen Horowitz (a16z). Together with the previous US$4.6 million seed round of fundraising, Socket's total funding has reached US$24.6 million. This funding will be used to expand the Socket team and support the integration of more programming languages. The project is expected to conduct an airdrop soon, so it's advisable to keep an eye on it.

4.Twitter Hot Topics:

BLZ (Token) - An established GameFi platform built on Cosmos. According to Coinglass data, the total U-margined perpetual contract trading volume for BLZ surpassed US$2.4 billion in the last 24 hours, with an open interest volume of over US$75 million, marking a new all-time high. On Bitget, the funding rate for the first phase of BLZ's U-margined perpetual contract reached -2.5%, indicating a short squeeze trend.
MC (Token) - Merit Circle, a gaming guild project and is the second-largest guild, following only YGG. Over the past week, the token price surged by almost 100%. This significan t price increase is due to the ripple effect of the YGG trend, combined with strong fundamentals, abundant treasury funds, token burn proposals, and strategic positioning in the gaming sector.

5.Regional Trending Searches:

LPT (Token) - A decentralized video streaming network that allows developers to build video streaming applications. The product will support the Base Layer 2 network. The token price has risen nearly 150% in the past week, and the contract funding rate is currently at -2.5%. Binance has changed the settlement period of the contract funding rate from once every 8 hours to once every 4 hours as of yesterday;
SHIB (Token) - The Shibarium cross-chain bridge based on Ethereum's Layer 2 network has entered public testing and will launch the SummerOfShibarium event. The SHIB token has experienced a peak increase of 30% in the past week, indicating high market interest.

Main Body

Written by: Bitget Research
Data collection time: August 14, 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

There are no assets that stand out in terms of popularity in BRC-20 sector, and the overall asset prices have significantly declined. The sector's leading asset, ORDI, has rebounded by nearly 5% today, forming a "double bottom" technical indicator. It's worth keeping an eye on the token's performance.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data
Total active users of ETH: 348,371
New active users of ETH: 65,355, with a daily decrease of 4.42%
Existing active users of ETH: 283,016, with a daily decrease of 3.25%
2.1.2 New User Profile
Core data: There were a total of 65,355 new active users on ETH yesterday, with a daily decrease of 4.42%
Popular Sectors
Popular Projects
Key Projects:
Mintfun (DApp, NFT) - All !fundrop holders can mint a "Bridge Pass" on the ETH mainnet, allowing them to directly receive 0.00111 ETH on Zora's L2 network. This promotion has gained extensive attention and coverage on social media. Mint.fun has a solid reputation and background. The promotion has received significant community attention and is worth participating in. https://twitter.com/mintdotfun/status/1689655620490993664
Zora (DApp) - Zora is a significant NFT release and a commemorative NFT Free Mint platform within the NFT market. The project has assisted numerous project owners and influencers with NFT releases and has a certain reputation within the community. The NFT designs are quite exquisite and have caught the attention of many artists. Zora has recently been promoting NFTs for artists such as Black Dave and Woc One, with these artists' NFTs being of high quality.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 283,016, with a daily decrease of 3.25%
Popular Sectors
Popular Projects
Key Projects:
BananaGun (DApp) - A widely-used Telegram Bot. Lately, the Telegram Bots sector has been showing a continuous uptrend both in on-chain popularity and active token trading. The project recently launched a Telegram crawler bot, which has facilitated trades worth US$50 million since its introduction. On-chain data indicates that the project has significant popularity, with nearly every block containing transaction information.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2
Memes (Token) - A memecoin launched less than 24 hours ago, Memes has a 24-hour trading volume of US$11.70 million, with only 223 unique holders and 467 transactions. The token contract is not open-sourced, indicating low transparency and the potential for a rug pull. The token has been continuously increasing, and it's possible that the project's team has been managing its market cap. The project carries high risks, and participation is not recommended. https://dexscreener.com/ethereum/0xf2a3276d2278dac4ae5b64e793a242ba3055eac3
NIOCTIB (Token) - Uni01cinoSamabOrettoPyrraH, the token was launched yesterday. Memes that are related to tokens have been popular recently. NIOCTIB has a 24-hour trading volume of US$2.20 million, 4104 transactions, and 1180 unique holders, showing considerable hype around the token. With a consistent rise since its launch, the token has showcased a promising wealth effect. The contract carries vulnerabilities such as transaction cooldown and blacklist mechanisms. It is essential to keep an eye on this token. https://dexscreener.com/ethereum/0xa48454b9e06ccb8f92c4b4ffe358d0c2310bf9b6
BAD (Token) - The token has recently demonstrated a significant wealth effect. It has a 24-hour trading volume of US$8.30 million, 3600 transactions, and 1830 unique holders. Currently, the project's FDV stands at US$71.10 million. The project's market cap seems relatively high, and it has started to pull back recently, indicating significant market risks. https://dexscreener.com/ethereum/0x29c830864930c897efa2b9e9851342187b82010e
2.2.2 Uniswap V3
PNDC (Token) - A memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, 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$3.60 million and 2200 transactions recorded within the same period. https://dexscreener.com/ethereum/0xa06591252908576a0f64a8560ec0c8051782377c
DAI (Token) - According to Spark Protocol, a lending protocol under MakerDAO, the market cap of Spark Protocol is approximately US$648 million. A total of over US$209 million in assets has been lent out, with roughly 198 million DAI being among them. According to the Enhanced DSR model, the DAI staked on the protocol currently earns an interest of 8% APY. The project has attracted investment from institutional investors and whales, leading to an increased trading demand for DAI in the market. https://dexscreener.com/ethereum/0x5777d92f208679db4b9778590fa3cab3ac9e2168

3.Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data
Total active users on BSC: 1,343,019
New active users on BSC: 409,314, with a daily increase of 3.36%
Existing active users on BSC: 933,705, with a daily decrease of 5.24%
3.1.2 New User Profile
Core data: There were a total of 409,314 new active users on BSC yesterday, with a daily increase of 3.36%
Popular Sectors
Popular Projects
Key Projects:
Quest3 (DApp) - QuestN, a prominent on-chain task platform. Recently, it has been facilitating on-chain task promotions for Bi.social and Hooked Protocol. The promotion organized together with Hooked Protocol offers a reward of 1000 $HOOK, a promotion worth joining. CyberConnect's recent token launch has led to speculations about other projects in the same sector launching their tokens.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 933,705, with a daily decrease of 5.24%
Popular Sectors
Popular Projects
Key Projects:
Pandra (NFT) - A series of NFTs issued by Polyhedra Network. Cross-chaining Pandra series NFT might grant access to future project benefits. It currently enables cross-chain interaction with both zkBridge and LayerZero protocols. The task deadline is August 20th, and the NFT's interaction count has been boosted by speculative investors taking advantage of the airdrop.
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. The project has announced a partnership with iQIYI, a global streaming company, to introduce a 'Watch to Earn' feature, aimed at enabling users around the world to enjoy quality and free content. Recently, there have been rumors in the community about a token distribution plan, making it essential to stay updated on this project.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2
Sei (Token) - Binance will open trading for Sei on August 15. On the BSC, there are currently many rug pull projects with the same name. These projects inflate their trading volumes and sales through wash trading to attract investors. Engaging with related token contracts on DEXs carries a high risk, and participation is not recommended.
NFT (Token) - MiladyRemilioSprotoApeAzukiCl.., this token is another meme that capitalizes on famous projects like the previously mentioned NIOCTIB. The token has already rugged. Multiple tokens have been released in the same series, and current ones in the market carry high risks. It's advisable to trade these memecoins on Bitget Meme. Trading on DEXs poses significant risks. https://dexscreener.com/bsc/0xfd125a239a610fb9bc51a31c64285f0d0924d8bb

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data
Total active users on Polygon: 393,887
New active users on Polygon: 81,456, with a daily decrease of 13.15%
Existing active users on Polygon: 312,431, with a daily increase of 3.73%
4.1.2 New User Profile
Core data: There were a total of 81,456 new active users on Polygon yesterday, with a daily decrease of 13.15%
Popular Sectors
Popular Projects
Key Projects:
IndiCoin (Token) - This token is currently in the mint phase and conducting an airdrop. 42.3 million tokens have been minted, with 110,000 unique holders. The token contract was created 44 days ago, indicating rapid development. No relevant Twitter or website information was found, suggesting it might have a specific regional focus.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 312,431, with a daily increase of 3.73%
Popular Sectors
Popular Projects
Key Projects:
Plexus (DApp) - Plexus is a cross-chain liquidity aggregator and a middleware infrastructure. On July 28, Plexus announced that it will conduct an IDO on Seedify, attracting significant attention from the community. A significant amount of progress has been made in product development in July, including the integration with Paraswap DEX, and bridge integrations with Connect, XYfinance, Symbiosis, and more. Recently, Plexus has been conducting marketing promotions on TaskOn. It's worth keeping an eye on this project.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3
WMATIC (Token) - Wrapped version of Polygon's native token MATIC. There are relatively fewer popular assets on Polygon, making MATIC a primary trading target on DEX. MATIC has experienced a significant decline recently, but it has substantial potential for future growth, making it an essential token to keep an eye on.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data
Arbitrum Active Users: 147,334
Arbitrum New Active Users: 30,642, with a daily increase of 24.39%
Arbitrum Existing Active Users: 116,692, with a daily decrease of 4.28%
5.1.2 New User Profile
Core data: There were a total of 30,642 new active users on Arbitrum yesterday, with a daily increase of 24.39%
Popular Sectors
Popular Projects
Key Projects:
XMHK (NFT) - Released by X-Meta.HK in celebration of OAT. The project is an NFT marketplace developed by a Chinese project team. The project is expected to issue the $XMC token, which will be used for liquidity management, venture capital, ecosystem pools, fund exchanges, staking rewards, etc. The project seems to be in the development phase. It is worth keeping an eye on this NFT.
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%, which was followed by a retracement. The project boasts solid fundamentals, making its token suitable for long-term holding, and it's expected to perform well during a bull market.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 116,692, with a daily decrease of 4.28%
Popular Sectors
Popular Projects
Key Projects:
LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data. Recently, Galxe has supported LayerZero in the integration of the LST project, which includes unsheth, Lybra Finance, and Gravita.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3
LPT (Token) - Livepeer project's token, LPT has a 24-hour trading volume of US$200 million, indicating a high demand for the token. The token experienced over 30% growth over the weekend following a wave of speculation, and it has since rebounded. It has a 24-hour trading volume of US$2.3 million, indicating a significant on-chain demand and a high level of speculation, making it an essential one to stay updated on. https://www.bitget.com/spot/ TUSDT"> LPTUSDT?type=spot

6.DApp Ecosystem - All Chains

Iskra (DApp) - A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Tether announced the issuance of native USDT on Kava in late June, paving the way for the inflow of funds into ecosystem projects. The project's UAW tends to be higher on weekends than on weekdays.

7.DApp Ecosystem - ETH Chain

ParaSwap (DApp) - ParaSwap is a multi-chain decentralized exchange. There have been two major project updates recently: 1. Pacoca DeFi and Dolomite have completed DApp integration; 2. It announced to the community that it will participate in the ETH Milan offline conference.

8.DApp Ecosystem - BSC Chain

Hippo Dash (DApp) - Hippo Club NFT. The project hasn't shared much content on Twitter recently. In July, it collaborated with Gameta to conduct the NFT Gaming Summer promotion, rewarding a total of US$60,000 worth of Hip Hop boxes. The project has been relatively quiet lately. It is worth keeping an eye on.

9.DApp Ecosystem - Polygon Chain

IndiGG (DApp) - IndiGG is one of the large gaming Dao organizations, dedicated to onboarding players into the Web3 world. The project has recently conducted a joint marketing promotion with 5TARS and Tontachi, which received a moderate response from the community. The project is in the development phase and may perform well in the future, making it an essential one to follow.

10.DApp Ecosystem - WAX Chain

There is no noticeable change in the UAW of the Wax chain projects, and the dominance of leading assets remains apparent.

11.DApp Ecosystem - Solana Chain

Genopets (DApp) - A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project's investors include famous organizations like Pantera, Konvoy, and Solana. The project has recently rolled out its second whitelist event and has garnered decent attention from the community.

12.DApp Ecosystem - Arbitrum Chain

Radiant (DApp) - The project initiated an airdrop reward window based on RFP-18 at the beginning of August. It boasts a strong background, having secured an investment of US$10 million from Binance, and is one of the LayerZero ecosystem projects. The total market cap of the project's token is only US$289 million, indicating significant potential for growth. By participating in dLP and locking up funds, investors can anticipate an annualized lending profit of around 50%. The project has a solid foundation and is worth keeping an eye on.

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, buy 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 has consistently remained among the top ranks of various chains in terms of activity.

14.Gas Fee Consumption - ETH Chain

BananaGun (DApp) - A Telegram bot dedicated to the early discovery and trading of on-chain memecoins. It incorporates features like contract detection and MEV protection. The tota l trading volume facilitated through this product has reached US$78 million, with a user count of 5700, indicating significant popularity. https://twitter.com/BananaGunBot

15.Gas Fee Consumption - BSC Chain

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%, which was followed by a retracement. The project boasts solid fundamentals, making its token suitable for long-term holding, and it's expected to perform well during a bull market.

16.Gas Fee Consumption - Polygon Chain

XEN (DApp) - 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, the price of XEN surged but has since retraced. On Polygon, top gas-consuming applications have long been occupied by XEN-related contracts.

17.Gas Fee Consumption - Arbitrum Chain

Socket (DApp) - A multi-chain application, Socket's primary offering is the Bungee Cross-Chain Aggregator. It recently announced that it raised US$20 million in a Series A round led by Andreessen Horowitz (a16z). Together with the previous US$4.6 million seed round of fundraising, Socket's total funding has reached US$24.6 million. This funding will be used to expand the Socket team and support the integration of more programming languages. The project is expected to conduct an airdrop soon, so it's advisable to keep an eye on it.

18.Twitter Trends Token Top Rank

BLZ (Token) - An established GameFi platform built on Cosmos. According to Coinglass data, the total U-margined perpetual contract trading volume for BLZ surpassed US$2.4 billion in the last 24 hours, with an open interest volume of over US$75 million, marking a new all-time high. On Bitget, the funding rate for the first phase of BLZ's U-margined perpetual contract reached -2.5%, indicating a short squeeze trend.
MC (Token) - Merit Circle, a gaming guild project and is the second-largest guild, following only YGG. Over the past week, the token price surged by almost 100%. This signific ant price increase is due to the ripple effect of the YGG trend, combined with strong fundamentals, abundant treasury funds, token burn proposals, and strategic positioning in the gaming sector.

19.Google Trends - Global

LPT (Token) - A decentralized video streaming network that allows developers to build video streaming applications. The product will support the Base Layer 2 network. The token price has risen nearly 150% in the past week, and the contract funding rate is currently at -2.5%. Binance has changed the settlement period of the contract funding rate from once every 8 hours to once every 4 hours as of yesterday;
SHIB (Token) - The Shibarium cross-chain bridge based on Ethereum's Layer 2 network has entered public testing and will launch the SummerOfShibarium event. The SHIB token has experienced a peak increase of 30% in the past week, indicating high market interest.

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

a) South Asia Region
India Trending Tokens: XEN, ADA
Pakistan Trending Tokens and Keywords: crypto news, coingecko, Crypto prices
b) Southeast Asia Region
Philippines Trending Keywords and Tokens: LPT, GALA, SHIB, BTC
Indonesia Trending Keywords: Crypto price, Crypto arena
Singapore Trending Keywords: crypto news
Malaysia Trending Keywords: crypto news
c) East Asia and Hong Kong, Macau, and Taiwan
Trending Keywords: Crypto

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

a) CIS Region
Trending Keywords and Tokens: Dune, Coinbase, Crypto bubbles, Crypto wallet, TRX
b) English-speaking Countries
Canada Trending Tokens: BAKE, SOL, ETH, LPT, RUNE
USA Trending Tokens: BLZ
Australia Trending Tokens: Paypal Crypto, TENX, WTK, BTC, XRP, LPT, DOGECOIN
UK Trending Tokens: ADA, LPT, XRP, BLZ
c) Europe
Spain Trending Tokens: TRX, BTC, PEPE, RUNE
Germany Trending Tokens: BTC, EMX, LPT, MATIC
France Trending Tokens: LPT, FTM, MAGIC, PXP, MC, BLZ, Linea, ELGD
Switzerland Trending Tokens: GRT, QUANT
Turkey Trending Keywords: Crypto faucet, Bitget, Coingecko

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

a) Africa
Nigeria Trending Keywords: Crypto fixed matches, Simplex Crypto, crypto faucet, GALA
South Africa Trending Tokens: SHIB
b) Middle East
Trending Keywords: Crypto Marketcap, Crypto Bubbles
c) Latin America
Brazil Trending Tokens: SOL, DOT, BOMB, ETH
Argentina Trending Tokens: RUNE
Mexico Trending Tokens: SHIB

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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