Bitget Research: BTC Breaks Through US$43,000, Bitcoin Ecosystem Continues to Rise

the past 24 hours, there have been many new popular tokens and topics emerging in the 178f238e-dabc-4b48-9b3e-3219be9dc19c, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

SATS (Token) - SATS is currently the most actively traded BRC-20 token, with a 24-hour trading volume of approximately US$3.02 million and 43,000 holders. It has been listed on multiple centralized exchanges.

ORDI (Token) - ORDI is currently a leading BRC-20 token. Today, influenced by a tweet from Bitcoin Core's lead developer Luke Dashjr, the price of ORDI has experienced significant fluctuations.

ORDIBOT (Token) - With a concept combining Ordinals and TG Bot, ORDIBOT has a functional product. As the BRC-20 tokens under Ordinals become popular, the related TG bot projects are also attracting speculative capital in the market.

MUBI (Token) - MUBI is the native protocol token of the Multibit, a BRC20-ERC20 cross-chain bridge project. With the growing popularity of the BRC-20 ecosystem, the hype has also spread to Ethereum. Multibit enables users to cross-chain BRC-20 tokens from the Bitcoin network to the Ethereum network to engage in the corresponding DeFi ecosystem. This distinctive functionality has garnered considerable market attention and speculation.

TOKEN (Token) - A subsidiary token project of FLOKI, TOKEN has recently shown a commendable upward trend. TOKEN plans to introduce real-world assets with profits into the cryptocurrency sector, a concept that is one of the core narratives for the next bull market.

XPET (Token) - xPet is a mini-game that operates as a browser plugin, where players engage in raising virtual pets. Users can generate income by purchasing and nurturing pets. Currently, this project is quite popular on Arbitrum and is continuously gaining attention on Twitter.

2.Popular NFTs:

GasHeroBadge (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero places a strong emphasis on game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is quite active.

3.Popular DApps:

Ethscription (DApp) - This project is a protocol for inscribing messages on Ethereum, developed by Tom Lehman, co-founder and former CEO of Genius.com. It allows the creation and sharing of digital objects on Ethereum using call data. The project has gained traction by leveraging the popularity of the BRC-20 assets of Ordinals protocol on the Bitcoin chain and has shown favorable performance recently.

Maestro: Router 2 (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.

Port3 Aggregator (DApp) - Port3 is a social data oracle project incubated by Binance Labs. Its main features include the creation of a decentralized social data oracle based on data aggregation, and providing open data layer services for various Web3 identities and asset applications. It also introduces an incentive layer to empower contributors, aiming to ensure user data ownership. Port3's social data oracle addresses three core issues: data organization and connectivity, data rights ownership by users, and user privacy protection.

Oneinch: AggregationRouterV5 (DApp) - Binance has officially introduced the Binance Web3 Wallet, an integrated self-custody cryptocurrency wallet within the Binance App. It allows users to exchange tokens across various networks through a simplified process, using 1Inch routing service for the underlying DEX. Influenced by this development, 1Inch saw a temporary increase of over 10%.

Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.

Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.

KAI-CHING (DApp) - A Web3 shopping website on the Near chain. According to data statistics, it currently has a high number of weekly active users.

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

Playbux (DApp) - Playbux is a project that combines e-commerce with a metaverse platform. It offers a store and profit system that allows users to shop from global merchants and earn cashback rewards. The platform aims to integrate existing exchanges, lending platforms, and NFTs so customers can access all services in one place. By leveraging mobile accessibility, Playbux positions itself as the most accessible metaverse where users can earn Playbux tokens by receiving cashback on any purchase.

Jupiter Exchange (DApp) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out of a total of 10 billion JUP tokens, 40% will be distributed to the community over four rounds of airdrops, with the first round distributing 10% (1 billion tokens). Wallets that interacted directly with Jupiter before November 2, totaling 955,000, are eligible for the airdrop. There will also be subsequent airdrops targeting new users.

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. Following its TGE, Vertex continues to conduct promotions aimed at incentivizing trades, leading to a sustained increase in regular trading volume.

Voodoo Trade (DApp) - A DEX on the Base chain that allows for 100x leverage on ETH. Staking VMX and VLP enables earning profits from platform fees.

4.Twitter Hot Topics:

ORDI (Token) - ORDI continued to surge, breaking its historical high and briefly touching US$64 before a slight pullback at closing. However, influenced by a tweet today from Bitcoin Core's lead developer Luke Dashjr, its price saw a significant drop, reaching approximately 26% at its lowest point.

5.Regional Trending Searches:

BAKE (Token) - BakerySwap announced, "Stay tuned for Bakery's next Launchpad project," and indicated that the new Launchpad project is a BRC-20 project. Following this announcement, the BAKE token's value doubled within a few hours.

CSPR (Token) - Casper has announced several attention-grabbing developments in the past two days: 1. The Casper Wallet has been approved by the App Store and is about to enter beta testing; 2. The last community conference call of Casper for 2023 was conducted; 3. CSPR was listed on Bitvavo, a local exchange in the Netherlands.

Main Body

Written by: Bitget Research

Data collection time: December 6, 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)

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

SATS (Token) - SATS is currently the most actively traded BRC-20 token, with a 24-hour trading volume of approximately US$3.02 million and 43,000 holders. It has been listed on multiple centralized exchanges.

ORDI (Token) - ORDI is currently a leading BRC-20 token. Today, influenced by a tweet from Bitcoin Core's lead developer Luke Dashjr, its price saw a significant drop, reaching approximately 26% at its lowest point.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 429,616

New active users on ETH: 81,477, with a daily increase of 2.85%

Existing active users on ETH: 348,139, with a daily decrease of 4.59%

2.1.2 New User Profile

Core data: There were a total of 81,477 new active users on ETH yesterday, with a daily increase of 2.85%

Popular Sectors

Popular Projects

Key Projects:

Ethscription (DApp) - This project is a protocol for inscribing messages on Ethereum, developed by Tom Lehman, co-founder and former CEO of Genius.com. It allows the creation and sharing of digital objects on Ethereum using call data. The project has gained traction by leveraging the popularity of the BRC-20 assets of Ordinals protocol on the Bitcoin chain and has shown favorable performance recently.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 348,139, with a daily decrease of 4.59%

Popular Sectors

Popular Projects

Key Projects:

Maestro: Router 2 (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. With the advantage of being an early player in the market, Maestro has established a substantial user base. Maestro's daily transaction fees have increased to previous high points, ranging between US$150,000 and US$200,000, which helps it maintain its top position in the BOT sector.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

ORDIBOT (Token) - With a concept combining Ordinals and TG Bot, ORDIBOT has a functional product. As the BRC-20 tokens under Ordinals become popular, the related TG bot projects are also attracting speculative capital in the market.

2.2.2 Uniswap V3

MUBI (Token) - MUBI is the native protocol token of the Multibit, a BRC20-ERC20 cross-chain bridge project. With the growing popularity of the BRC-20 ecosystem, the hype has also spread to Ethereum. Multibit enables users to cross-chain BRC-20 tokens from the Bitcoin network to the Ethereum network to engage in the corresponding DeFi ecosystem. This distinctive functionality has garnered considerable market attention and speculation.

2.3 Popular NFTs

2.3.1 Top NFT Collections

GasHeroBadge (NFT) - Gas Hero, developed by the former StepN team, is a Web3 social and strategy game. Unlike traditional games, Gas Hero places a strong emphasis on game theory, offering players richer strategies and utilizing decentralized trading platforms to maximize the transparency of on-chain data. The game has just launched, and the in-game NFT trading is quite active.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,055,276

New active users on BSC: 161,656, with a daily increase of 6.87%

Existing active users on BSC: 893,620, with a daily increase of 2.05%

3.1.2 New User Profile

Core data: There were a total of 161,656 new active users on BSC yesterday, with a daily increase of 6.87%

Popular Sectors

Popular Projects

Key Projects:

Inscription Mint - There have been many inscription transfers recently on the BSC as well.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 893,620, with a daily increase of 2.05%

Popular Sectors

Popular Projects

Key Projects:

Port3 Aggregator (DApp) - Port3 is a social data oracle project incubated by Binance Labs. Its main features include the creation of a decentralized social data oracle based on data aggregation, and providing open data layer services for various Web3 identities and asset applications. It also introduces an incentive layer to empower contributors, aiming to ensure user data ownership. Port3's social data oracle addresses three core issues: data organization and connectivity, data rights ownership by users, and user privacy protection.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

TOKEN (Token) - A subsidiary token project of FLOKI, TOKEN has recently shown a commendable upward trend. TOKEN plans to introduce real-world assets with profits into the cryptocurrency sector, a concept that is one of the core narratives for the next bull market.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 400,892

New active users on Polygon: 64,705, with a daily increase of 2.49%

Existing active users on Polygon: 336,187, with a daily decrease of 0.92%

4.1.2 New User Profile

Core data: There were a total of 64,705 new active users on Polygon yesterday, with a daily increase of 2.49%

Popular Sectors

Popular Projects

Key Projects:

Inscription - On the Polygon network, all new users are actively minting inscriptions.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 336,187, with a daily decrease of 0.92%

Popular Sectors

Popular Projects

Key Projects:

Port3 (Dapp) was described earlier in the report.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

On Polygon UniswapV3, the majority of activity involves mainstream coins, with no new assets showing significant activity.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 124,869

New Active Users on Arbitrum: 22,999, with a daily increase of 0.13%

Existing Active Users on Arbitrum: 101,870, with a daily decrease of 8.46%

5.1.2 New User Profile

Core data: There were a total of 22,999 new active users on Arbitrum yesterday, with a daily increase of 0.13%

Popular Sectors

Popular Projects

Key Projects:

xPet.tcht Token (XPET), (Token) - xPet is a mini-game that operates as a browser plugin, where players engage in raising virtual pets. Users can generate income by purchasing and nurturing pets. Currently, this project is quite popular on Arbitrum and is continuously gaining attention on Twitter.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 101,870, with a daily decrease of 8.46%

Popular Sectors

Popular Projects

Key Projects:

Oneinch: AggregationRouterV5 (DApp) - Binance has officially introduced the Binance Web3 Wallet, an integrated self-custody cryptocurrency wallet within the Binance App. It allows users to exchange tokens across various networks through a simplified process, using 1Inch routing service for the underlying DEX. Influenced by this development, 1Inch saw a temporary increase of over 10%.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

XPET (Token) - XPET, a pet-raising game on Arbitrum that has recently gained popularity, saw its price soar more than 4 times following the official launch of its conversion and withdrawal feature, leading to high on-chain activity.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 55,404

New Active Users on Base: 10,236, with a daily decrease of 11.47%

Existing Active Users on Base: 45,168, with a daily decrease of 6.49%

6.1.2 New User Profile

Core data: There were a total of 10,236 new active users on Base yesterday, with a daily decrease of 11.47%

Popular Sectors

Popular Projects

Key Projects:

Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 45,168, with a daily decrease of 6.49%

Popular Sectors

Popular Projects

Key Projects:

Dmail (DApp) - Dmail is a mail application based on Web 3.0 and Dfinity technology, integrating NFT functionality and distributed storage, with each account itself being an NFT. This project aims to bridge the gap between traditional email systems and blockchain-based email systems, thereby lowering the barrier for users and developers to engage with the crypto world. The design philosophy of Dmail is to make the use of blockchain technology as simple and intuitive as using the internet.

7. DApp Ecosystem - All Chains

KAI-CHING (DApp) - A Web3 shopping website on the Near chain. According to data statistics, it currently has a high number of weekly active users.

8.DApp Ecosystem - ETH Chain

Uniswap V3 (DApp) - As the market continues to rise, the number of active users on Uniswap is also increasing.

9.DApp Ecosystem - BSC

Playbux (DApp) - Playbux is a project that combines e-commerce with a metaverse platform. It offers a store and profit system that allows users to shop from global merchants and earn cashback rewards. The platform aims to integrate existing exchanges, lending platforms, and NFTs so customers can access all services in one place. By leveraging mobile accessibility, Playbux positions itself as the most accessible metaverse where users can earn Playbux tokens by receiving cashback on any purchase.

10.DApp Ecosystem - Polygon Chain

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

11.DApp Ecosystem - WAX Chain

Alcor.exchange (DApp) - Alcor.exchange is a decentralized exchange (DEX). It offers limit and market trading (on-chain matching) without any fees, fully implemented through smart contracts.

12.DApp Ecosystem - Solana Chain

Jupiter Exchange (DApp) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out of a total of 10 billion JUP tokens, 40% will be distributed to the community over four rounds of airdrops, with the first round distributing 10% (1 billion tokens). Wallets that interacted directly with Jupiter before November 2, totaling 955,000, are eligible for the airdrop. There will also be subsequent airdrops targeting new users.

13.DApp Ecosystem - Arbitrum Chain

Rhino (DApp) - Rhino.fi is a multi-chain decentralized finance (DeFi) aggregator that offers a frictionless cross-chain experience, enabling users to access the best DeFi opportunities in one secure and reliable place. As a Layer 2 solution, Rhino.fi aims to provide users with easy multi-chain token transfer capabilities, delivering an ultimate cross-chain operation experience. It allows users to seamlessly switch between different blockchains without the need for complex bridging or network switching.

14.DApp Ecosystem - Base Chain

Friend.Tech (DApp) - Recently, there has been a significant number of genuine friend.tech accounts mistakenly identified as bot accounts, leading to these accounts not receiving their weekly points allocation. Community feedback suggests that Twitter accounts using default registration usernames or combinations of letters and numbers are being flagged as bots by friend.tech. Over the weekend, the founder of Friend.tech deactivated their own Twitter account, causing FUD within the community.

15.DApp Ecosystem - GameFi Sector Across All Chains

Sweat Economy (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. Users can earn SWEAT tokens through its Sweat Wallet application by engaging in daily physical activities.

16.Gas Fee Consumption - ETH Chain

Banana Gun, Maestro (DApp) - Maestro and Banana Gun are TG Bots with the highest trading volume, accounting for over 80% of the total trading volume.

17.Gas Fee Consumption - BSC

Pancake (DApp) - On December 4th, PancakeSwap announced the burning of 8,808,741 CAKE tokens, valued at approximately US$21 million.

18.Gas Fee Consumption - Polygon Chain

Smart Cats (NFT) - An NFT project launched by SmartLayer, which has very high on-chain popularity. Users can interact with Smart Cats NFTs by feeding, cleaning, and other activities.

19.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. Following its TGE, Vertex continues to conduct promotions aimed at incentivizing trades, leading to a sustained increase in regular trading volume.

20.Gas Fee Consumption - Base Chain

Voodoo Trade (DApp) - A DEX on the Base chain that allows for 100x leverage on ETH. Staking VMX and VLP enables earning profits from platform fees.

21.Top Trending Tokens on Twitter

ORDI (Token) - ORDI continued to surge, breaking its historical high and briefly touching US$64 before a slight pullback at closing. However, influenced by a tweet today from Bitcoin Core's lead developer Luke Dashjr, its price saw a significant drop, reaching approximately 26% at its lowest point.

22.Google Trends - Global

BAKE (Token) - BakerySwap announced, "Stay tuned for Bakery's next Launchpad project," and indicated that the new Launchpad project is a BRC-20 project. Following this announcement, the BAKE token's value doubled within a few hours.

CSPR (Token) - Casper has announced several attention-grabbing developments in the past two days: 1. The Casper Wallet has been approved by the App Store and is about to enter beta testing; 2. The last community conference call of Casper for 2023 was conducted; 3. CSPR was listed on Bitvavo, a local exchange in the Netherlands.

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

a) South Asia Region

India Trends: pi, 5ire, iis, doge

b) Southeast Asia Region

Malaysia Trends: bigtime

Philippines Trends: axs, meme, pepe

Thailand Trends: ran, fear and greed index

Singapore Trends: olas, ada, eth, bonk

Indonesia Trends: nrg, ada, gta6 crypto

c) East Asia and Hong Kong, Macau, and Taiwan

No remarkable trends

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

a) CIS Region

Trends: crypto bubbles, coinmarketcap

b) English-speaking Countries

Australia Trends: solana, lcx, altura

UK Trends: casper, bake, kaspa, tia, zonda

USA Trends: casper, vara, bonk

Canada Trends: fet, skale, illuvium, synthetix

c) Europe

France Trends: trx, flux, quant, pi, casper, bake, fet

Poland Trends: ordi, gala, wink

Switzerland Trends: doge, solana, shib, polygon, cardano, gala

Turkey Trends: altcoin dominance, btc dominance

Germany Trends: shib, cardano, bake, ordi, xen, floki

Italy Trends: eos, dai, ultron, casper

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

a) Africa

South Africa Trends: luno xrp, pepe

Nigeria Trends: mmm crypto

b) Middle East Trends: coinmarketcap, tradingview

c) Latin America

Brazil Trends: shib, stx, dot, xlm, eos, wax, radix

Argentina Trends: cake, theta, xrp, dai, avax, nexo, pepe

Mexico Trends: shib, pepe, bonk, avax

Reference Links

1. Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
2. Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview