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Bitget Research: Base Chain TVL Surpasses US$200 Million, BITCOIN and Other Community-Driven Memecoins Hit New Highs

Bitget Research: Base Chain TVL Surpasses US$200 Million, BITCOIN and Other Community-Driven Memecoins Hit New Highs

Bitget Research

2023/08/15

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:

SHIB (Token) - Shibarium is expected to launch in the next two weeks. (Previously, in July, SHIB's lead developer, Shytoshi Kusama, revealed in a blog post that the Layer 2 blockchain solution, Shibarium, might launch its mainnet at the Blockchain Futurist Conference held in Toronto in August.) Recently, the prices of SHIB ecosystem tokens such as SHIB, BONE, and LEASH have been continuously rising, with SHIB reaching its highes t price since June.

BAD (Token) - BAD IDEA AI. An AI and meme project supported by the SHIB ecosystem, BAD was endorsed by SHIB's lead developer, Shytoshi Kusama, on Twitter yesterday. In early September, @ShytoshiKusama tweeted, mentioning that @badideaai is "our tech frens", indicating that the token might be a key project developed on Shibarium in the future. BAD will be listed in Bitget Spot Market's AI, Meme, and Inno sectors.

BITCOIN (Token) - BITCOIN (HarryPotterObamaSonic10Inu), SOLANA (BarbieCrashBandicootRFK888Inu), and MOG are three memecoins with similar attributes and characteristics that broke new highs yesterday. They are community-driven, and the profile of their communities is strikingly similar. They are continuously promoted by users with quirky Harry Potter-themed avatars and Milady NFT holders. The influence of the Milady community and its strong ability to consistently promote the token's price is noteworthy.

USDbC (Token) - USD Base Coin is the Base network bridge version of USDC. It provided developers with a stablecoin solution for Base when the Base mainnet launched. This bridging contract allows users to seamlessly transfer USDC from Ethereum to Base.

2.Popular NFTs:

NFTs on Base (NFT) - A large number of free mint NFTs have emerged on Base, most of which are minted through Mintfun. Torn, which ranks first on the Txn list, is a representative example. https://mint.fun/base/0xB311Ec23c4A7578a4c18F66774a5d7b51DD1DD07

DACKIEONBASE (NFT) - An NFT project on the Base chain with duck-themed avatar NFTs. The collection has already started selling on the secondary market, with 893 holders, a trading volume of 17 ETH, and a current floor price of 0.0075 ETH. It is essential to follow this NFT.

3.Popular DApps:

Base (DApp) - 1) The TVL of the Base network has surpassed US$200 million, with a 70% increase in the past 7 days; 2) Uniswap Wallet has added support for Base, allowing users to exchange tokens on the Base network and connect to Base DApp; 3) Coca-Cola has launched NFTs on Base, and the mint phase has started; 4) Recently, many high wealth-generating memecoins have appeared on Base. However, there are also rug pull events occurring sometimes. It is crucial to be cautious and manage risks.

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. Recently, the majority of NFT free mints on the Base chain have been initiated through Mintfun, bringing massive traffic to the project and also boosting free mints on other chains.

Friend.Tech (DApp) - Friend.Tech is one of the most popular applications on Base. As a SocialFi sector DApp, it tokenizes individuals by enabling users to buy and sell "shares" of people. The value of these "shares" fluctuates based on supply and demand. Buying someone’s "shares" grants owners the ability to exchange private messages with them. Essentially, it's a bet on the individual's influence.

BananaGun, Unibot, Maestro (DApp) - Leading projects in the Telegram Bots sector. Among them, UNIBOT has launched its token and is listed on exchanges like Bitget. Currently, the cumulative unique users for Unibot have surpassed ten thousand, with a continuous inflow of profit. However, over 80% of the profit structure comes from token transaction taxes, not from product usage fees. BananaGun recently launched a Telegram crawler Bot, and other bot applications are continuously expanding their features.

Owlto Finance (DApp) - Owlto Finance is a cross-chain protocol. It has seen a significant increase in traffic due to its timely integration with popular new chains such as Base, Zora, Linea, and Polygon zkEVM.

Magic Eden, Rarible (DApp) - NFT platforms on Solana saw a significant increase in UAW yesterday. This might be related to the launch of the hot NFT project on Solana, Gruuvies. This NFT recorded over 3000 transactions in the past 24 hours, and it has 41.6K followers on Twitter, indicating significant popularity.

DraftKings Reignmakers Football (DApp) - An NFT player game that allows players to build a collection of gamified NFT player cards through card packs, auctions, and secondary markets, with official licenses from NFLPA, PGA TOUR, and UFC. The project has gained significant popularity, with 368,000 followers on its official Twitter account.

4.Twitter Hot Topics:

BITCOIN (Token) - Driven mainly by its community, this memecoin is themed around a quirky Harry Potter avatar. Benefiting from continuous promotion by Milady NFT holders, the token's price reached a new high today. It is currently priced at US$0.157, marking a 26% increase in the past 24 hours. The influence of the Milady community and its strong ability to consistently promote the token's price is noteworthy.

PYR (Token) - Vulcan Forged is a game studio focused on NFT games built on Ethereum, Polygon, and BNB chains. They also have a decentralized exchange (DEX) called VulcanDex and a decentralized application (dApp) incubator. So far, Vulcan Forged has created about twelve Play to Earn games, with VulcanVerse being one of the most popular games. Currently, there are no specific operational activities, and after briefly surpassing 3.66, the price has retraced to 3.51, showing an 8.69% increase in the past 24 hours.

5.Regional Trending Searches:

HBAR (Token) - Hedera Hashgraph is a blockchain. The platform is designed to enable anyone to trade and deploy applications on it, with a consortium of enterprises overseeing the software. To achieve this, Hedera has made significant design compromises that distinguish it from other platforms. For instance, the network supports high-speed transactions of its HBAR cryptocurrency but only allows approved nodes to participate in determining transaction history. Today, influenced by the news that the Federal Reserve's instant payment system, FedNow, added the Hedera-supported micropayment platform Dropp to its list of service providers, the price of the HBAR token experienced a significant increase.

Main Body

Written by: Bitget Research

Data collection time: August 15, 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 the BRC-20 sector, and the overall asset prices have significantly declined. The sector's popularity is currently at an average level.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 387,324

New active users of ETH: 71,853, with a daily increase of 9.94%

Existing active users of ETH: 315,471, with a daily increase of 11.47%

2.1.2 New User Profile

Core data: There were a total of 71,853 new active users on ETH yesterday, with a daily increase of 9.94%

Popular Sectors

Popular Projects

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 315,471, with a daily increase of 11.47%

Popular Sectors

Popular Projects

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

2.2.2 Uniswap V3

FOOM (Token) - A token with the AI and Bot concept. There has been a sudden influx of capital that hyped up the token, with trading volume surging for three consecutive days. It sharply pulled back after surging, with a 24-hour on- XCNUSDT"> chain trading volume of US$17 million. Contract ownership has been renounced, and there are no obvious risks from a contract security perspective. https://www.dextools.io/app/en/ether/pair-explorer/0x5cd0ad98ba6288ed7819246a1ebc0386c32c314b

3.Blockchain Profile - BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,373,647

New active users on BSC: 328,265, with a daily decrease of 19.80%

Existing active users on BSC: 1,045,382, with a daily increase of 11.96%

3.1.2 New User Profile

Core data: There were a total of 328,265 new active users on BSC yesterday, with a daily decrease of 19.80%

Popular Sectors

Popular 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 1,045,382, with a daily increase of 11.96%

Popular Sectors

Popular 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.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Sei (Token) - Many exchanges, including Binance and Bitget, will soon open trading for Sei. 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.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 418,481

New active users on Polygon: 82,844, with a daily increase of 1.70%

Existing active users on Polygon: 335,637, with a daily increase of 7.43%

4.1.2 New User Profile

Core data: There were a total of 82,844 new active users on Polygon yesterday, with a daily increase of 1.70%

Popular Sectors

Popular Projects

IndiCoin (Token) - This token is currently in the mint phase and conducting an airdrop. More than 42 million tokens have been minted, with over 110,000 unique holders. The token contract was created 45 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 335,637, with a daily increase of 7.43%

Popular Sectors

Popular 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

Polygon Uni V3's trading volume and activity are primarily dominated by MATIC and stablecoin trading pairs.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 156,486

Arbitrum New Active Users: 33,130, with a daily increase of 8.12%

Arbitrum Existing Active Users: 123,356, with a daily increase of 5.71%

5.1.2 New User Profile

Core data: There were a total of 33,130 new active users on Arbitrum yesterday, with a daily increase of 8.12%

Popular Sectors

Popular Projects

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 123,356, with a daily increase of 5.71%

Popular Sectors

Popular Projects

Socket (DApp) - Open-source software security solution Socket has completed a $20 million Series A funding 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. Socket recently introduced a ChatGPT connector that can summarize potential issues in software packages and identify uncommon code patterns.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

ARB (Token) - Offchain Labs has officially activated support for account abstraction endpoints on both Arbitrum One and Arbitrum Nova. The numerous high-quality external collaborations of the OP Stack and the recent cooling down of catalysts on Arbitrum have made the ARB token's recent performance weaker compared to OP.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Base Active Users: 111,560

Base New Active Users: 34,234, with a daily decrease of 13.23%

Base Existing Active Users: 77,326, with a daily increase of 2.28%

6.1.2 New User Profile

Core data: There were a total of 34,234 new active users on Base yesterday, with a daily decrease of 13.23%

Popular Sectors

Popular Projects

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 77,326, with a daily increase of 2.28%

Popular Sectors

Popular Projects

7. DApp Ecosystem - All Chains

Stargate (DApp) - A liquidity transfer protocol, Stargate is a core project of the LayerZero ecosystem, boasting significant traffic and a solid user base. Recently, the South Korean crypto trading platform Upbit listed STG, causing a short-term increase in its price before it retraced. Lately, Stargate has continuously supported chains like Base and Polygon zkEVM, becoming one of the crucial cross-chain channels on Base. The project boasts solid fundamentals, making its token suitable for long-term holding, and it's expected to perform well during a bull market.

8.DApp Ecosystem - ETH Chain

Blur (DApp) - The gas consumption of the NFT marketplaces on the Ethereum network is significantly decreasing, recently dropping to levels recorded in June 2021. Trading activity on NFT marketplaces such as OpenSea, Blur, LooksRare, Rarible, and SuperRare currently accounts for about 1.85% of the total gas consumption on the Ethereum network. However, Blur remains the preferred platform for bulk transactions, as evidenced by the recent sell-off of approximately 200 DeGods NFTs by a whale on the platform.

9.DApp Ecosystem - BSC Chain

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 earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.

10.DApp Ecosystem - Polygon 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.

11.DApp Ecosystem - WAX Chain

UAW changes for projects on the WAX chain are minimal, with data showing normal fluctuations.

12.DApp Ecosystem - Solana Chain

13.DApp Ecosystem - Arbitrum Chain

WOOFi (DApp) - A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project's most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is over US$22 million, mainly formed by the staking of WOO tokens. The WOO token can now be staked across seven chains, gradually gaining increasing importance in the Arbitrum and LayerZero ecosystems.

14.DApp Ecosystem - GameFi Sector Across All Chains

SecondLive (DApp) - Led by Binance Labs, Secondlive is a Metaverse live-streaming platform on the BSC. The project is yet to launch its own token, with airdrop expectations. With multi-chain deployment, the project announced an expansion to the Scoll ecosystem and the launch of the Scroll Uniform NFT minting promotion. An event has recently been launched to mark its 2nd anniversary. Participants can receive commemorative 2nd Anniversary NFTs and tokens.

15.Gas Fee Consumption - ETH Chain

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.

16.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.

17.Gas Fee Consumption - Polygon Chain

18.Gas Fee Consumption - Arbitrum Chain

Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards, making it an essential project to follow.