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Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback

Bitget Research
2023/12/27
Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback

In the past 24 hours, many new popular tokens and topics have emerged in the market, and perhaps they will be the next focus of the market.

In Summary:

1.Popular Tokens:

rats (Token) - Tokens in the BRC-20 sector experienced a general pullback, but rats still maintains a decent trading volume in the spot market, with a 24-hour trading volume of approximately $1.55 million.

Metis (Token) - As an Ethereum-compatible Layer 2 solution, Metis has seen continuous growth since MetisDAO announced a $100 million ecosystem development plan. Metis is set to primarily support decentralized orderers. Allocating the main income from the orderers to the ecosystem will significantly stimulate its development. Investors have started speculating on Metis and associated ecosystem projects.

BOO (Token) - BOO is the project token issued by Omnichain NFT Gh0stly Gh0sts, which is the first NFT series project developed using LayerZero. The token was also issued across multiple chains using LayerZero technology. The TGE took place in the early hours of December 27, and there was high interest in BOO following the TGE, making it worth monitoring.

CAKE (Token) - On December 26, as per official announcements, PancakeSwap announced that it had burned 10,166,225 CAKE tokens, worth around $34 million. Influenced by this news, the CAKE token surged 21%.

RNDR (Token) - Render Token (RNDR) is the native token of Render Network, a decentralized GPU provider built on Ethereum. It is designed to connect 3D artists with node operators possessing idle GPUs to facilitate rendering tasks.

XPET (Token) - XPET is currently the hottest SocialFi gaming project on Arbitrum, and it's the native token of this project. BPET has shown remarkable performance over the last month, seeing a 10x increase from its bottom. The game has also introduced a new PVE mode, creating additional scenarios for BPET consumption.

SEI (Token) - The market has once again turned its attention to Parallelized EVM chains, and SEI is among the leading chains in this space. Breaking away from the sequential execution of ETH, the focus for the next wave of EVM chains is on efficient scaling and low latency. Several assets have started to pull back from their lows, with funds gradually flowing in. Many prominent figures in the cryptocurrency industry have started sharing their positive views and forecasts for Parallelized EVM in 2024.

OSMO (Token) - South Korean cryptocurrency exchange Bithumb will list Osmosis (OSMO) on the KRW market. The exchange will only support the Osmosis (mainnet) Network, and deposits from other networks won't be accepted. OSMO saw a rise following the announcement.

ANALOS (Token) - A highly popular memecoin on Solana. After experiencing a significant increase, it followed the overall decline in the Solana ecosystem yesterday, plummeting 70% in a single day. The 24-hour on-chain trading volume surpassed $47 million, with over 70,000 transactions.

2.Popular NFTs:

Gh0stly Gh0sts (NFT) - Gh0stly Gh0sts is the first Omnichain NFT developed using LayerZero technology. After the TGE of its token $BOO, an official tweet indicated that no snapshot had been taken for the NFTs yet, hinting at a potential airdrop for the NFTs. This hint led to an increase in the NFTs' price, fueled by speculation in the market.

Smart Cats (NFT) - Recently launched by SmartLayer, this NFT project has gained considerable on-chain popularity. Currently, it has 880,000 holders.

3.Popular DApps:

Manta_pacific: DepositBridge (DApp) - Manta, being a highly regarded Layer 2 recently, has launched a project where deposits earn NFTs. This has been commonly perceived by players as a potential airdrop credential, attracting a significant number of addresses.

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

Xai_contract: xia_sentaryy_node (DApp) - Xai, a Layer 3 gaming project in the Arbitrum ecosystem, announced on the X platform that the first season's airdrop will be distributed on December 27. According to the announcement, holders of Xai Odyssey Legendaries and Vanguards have already been snapshot, while Xai Sentry Keys holders have not yet been snapshot. The listings on trading platforms will be announced after the airdrop begins.

bloXroute (DApp) - bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete u-turn. It announced that it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

QuickSwap (DApp) - Yesterday, amid a broad market downturn and a general decline in altcoins, MATIC rose 10% against the trend, surpassing $1. This stimulated trading activity on the Polygon chain. As a result, the token price of Polygon's native DEX, QuickSwap, experienced a significant increase.

OdosRouterV2 (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.

Wormhole (DApp) - The cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service. This service enables application developers to extract any on-chain data on demand. Wormhole indicates that compared to the push model, Queries offers less than 1-second latency and can reduce gas fees by 84%.

Uniswap V3 (DApp) - Uniswap V3 is an advanced decentralized trading platform, known for its concentrated liquidity and non-fungible liquidity provider positioning. This feature enables users to offer liquidity more effectively within certain price ranges. Uniswap V3 adapts to different market risks by offering multiple fee tiers, and supports complex trading and arbitrage strategies, all while maintaining seamless interoperability with other DeFi protocols. This results in a trading experience that is both more flexible and efficient for users.

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period.

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. Designed to enhance social interaction and engagement, it allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

4.Twitter Hot Topics:

MATIC (Token) - Yesterday, amid a broad market downturn and a general decline in altcoins, MATIC rose 10% against the trend, surpassing $1.

METIS (Token) - MetisDAO Foundation, the organization behind the Layer 2 Rollup Metis, announced the establishment of a fund worth roughly $100 million on December 18, aimed at accelerating the development of its ecosystem. Since the release of this news, the METIS token has witnessed a continuous increase in its value, along with a notable rise in the TVL and a significant surge in the value of tokens within its ecosystem.

5.Regional Trending Searches:

SEI (Token) - The market has once again turned its attention to Parallelized EVM chains, and SEI is among the leading chains in this space. Breaking away from the sequential execution of ETH, the focus for the next wave of EVM chains is on efficient scaling and low latency. Several assets have started to pull back from their lows, with funds gradually flowing in. Many prominent figures in the cryptocurrency industry have started sharing their positive views and forecasts for Parallelized EVM in 2024.

OSMO (Token) - South Korean cryptocurrency exchange Bithumb will list Osmosis (OSMO) on the KRW market. The exchange will only support the Osmosis (mainnet) Network, and deposits from other networks won't be accepted. OSMO saw a rise following the announcement.

ANALOS (Token) - A highly popular memecoin on Solana. After experiencing a significant increase, it followed the overall decline in the Solana ecosystem yesterday, plummeting 70% in a single day. The 24-hour on-chain trading volume surpassed $47 million, with over 70,000 transactions.

Main Body

Written by: Bitget Research

Data collection time: December 27, 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

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 0

rats (Token) - Tokens in the BRC-20 sector experienced a general pullback, but rats still maintains a decent trading volume in the spot market, with a 24-hour trading volume of approximately $1.55 million.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 448,243

New active users on ETH: 89,769, with a daily increase of 13.17%

Existing active users on ETH: 358,474, with a daily increase of 1.37%

2.1.2 New User Profile

Core data: There were a total of 89,769 new active users on ETH yesterday, with a daily increase of 13.17%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 1

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 2

Key Projects:

Manta_pacific: DepositBridge (DApp) - Manta, being a highly regarded Layer 2 recently, has launched a project where deposits earn NFTs. This has been commonly perceived by players as a potential airdrop credential, attracting a significant number of addresses.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 358,474, with a daily increase of 1.37%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 3

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 4

Key Projects:

Tether (Token) - On December 26, according to data from Whale Alert, the stablecoin issuer Tether issued an additional 1 billion USDT on the Ethereum Network. Tether's CEO, Paolo Ardoino, stated that this addition of 1 billion USDT serves to replenish the inventory for the Tron Network, and that this is an authorized but not issued transaction, indicating that this amount will be used as inventory for next period issuance requests and cross-chain swaps.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 5

Metis (Token) - As an Ethereum-compatible Layer 2 solution, Metis has seen continuous growth since MetisDAO announced a $100 million ecosystem development plan. Metis is set to primarily support decentralized orderers. Allocating the main income from the orderers to the ecosystem will significantly stimulate its development. Investors have started speculating on Metis and associated ecosystem projects.

2.2.2 Uniswap V3

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 6

BOO (Token) - BOO is the project token issued by Omnichain NFT Gh0stly Gh0sts, which is the first NFT series project developed using LayerZero. The token was also issued across multiple chains using LayerZero technology. The TGE took place in the early hours of December 27, and there was high interest in BOO following the TGE, making it worth monitoring.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 7

Gh0stly Gh0sts (NFT) - Gh0stly Gh0sts is the first Omnichain NFT developed using LayerZero technology. After the TGE of its token $BOO, an official tweet indicated that no snapshot had been taken for the NFTs yet, hinting at a potential airdrop for the NFTs. This hint led to an increase in the NFTs' price, fueled by speculation in the market.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,247,803

New active users on BSC: 211,684, with a daily increase of 44.23%

Existing active users on BSC: 1,036,119, with a daily increase of 17.32%

3.1.2 New User Profile

Core data: There were a total of 211,684 new active users on BSC yesterday, with a daily increase of 44.23%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 8

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 9

Key Projects:

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

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,036,119, with a daily increase of 17.32%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 10

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 11

Key Projects:

Port3_aggregator (DApp) - Port3 is a blockchain project designed to become a Web3 social data gateway. It provides open data services by aggregating Web2 and Web3 data. Port3 is structured around three fundamental modules: data collection, data reading, and data application. These modules are integral in aggregating various types of information, including community dynamics, social media trends, and on-chain transaction data. Recently, the Port3 Network launched a BRC-20 section and is set to release Bitcoin BQL. It is advisable to keep a close watch on these developments.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 12

CAKE (Token) - On December 26, as per official announcements, PancakeSwap announced that it had burned 10,166,225 CAKE tokens, worth around $34 million. Influenced by this news, the CAKE token surged 21%.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 506,963

New active users on Polygon: 98,308, with a daily increase of 20.22%

Existing active users on Polygon: 408,655, with a daily increase of 12.25%

4.1.2 New User Profile

Core data: There were a total of 98,308 new active users on Polygon yesterday, with a daily increase of 20.22%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 13

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 14

Key Projects:

Smart Cats (NFT) - Recently launched by SmartLayer, this NFT project has gained considerable on-chain popularity. Currently, it has 880,000 holders.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 408,655, with a daily increase of 12.25%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 15

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 16

Key Projects:

Port3_aggregator (DApp) - Port3 is a blockchain project designed to become a Web3 social data gateway. It provides open data services by aggregating Web2 and Web3 data. Port3 is structured around three fundamental modules: data collection, data reading, and data application. These modules are integral in aggregating various types of information, including community dynamics, social media trends, and on-chain transaction data. Recently, the Port3 Network launched a BRC-20 section and is set to release Bitcoin BQL. It is advisable to keep a close watch on these developments.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 17

RNDR (Token) - Render Token (RNDR) is the native token of Render Network, a decentralized GPU provider built on Ethereum. It is designed to connect 3D artists with node operators possessing idle GPUs to facilitate rendering tasks.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 201,332

New Active Users on Arbitrum: 35,721, with a daily increase of 23.45%

Existing Active Users on Arbitrum: 165,611, with a daily increase of 0.41%

5.1.2 New User Profile

Core data: There were a total of 35,721 new active users on Arbitrum yesterday, with a daily increase of 23.45%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 18

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 19

Key Projects:

BPET (Token) - Currently the hottest SocialFi gaming project on Arbitrum. BPET is the token generated within the game of this project. It has shown remarkable performance over the last month, seeing a 10x increase from its bottom. The game has also introduced a new PVE mode, creating additional scenarios for BPET consumption.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 165,611, with a daily increase of 0.41%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 20

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 21

Key Projects:

Xai_contract: xia_sentaryy_node (DApp) - Xai, a Layer 3 gaming project in the Arbitrum ecosystem, announced on the X platform that the first season's airdrop will be distributed on December 27. According to the announcement, holders of Xai Odyssey Legendaries and Vanguards have already been snapshot, while Xai Sentry Keys holders have not yet been snapshot. The listings on trading platforms will be announced after the airdrop begins.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 22

XPET (Token) - XPET is currently the hottest SocialFi gaming project on Arbitrum, and it's the native token of this project. BPET has shown remarkable performance over the last month, seeing a 10x increase from its bottom. The game has also introduced a new PVE mode, creating additional scenarios for BPET consumption.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 79,513

New Active Users on Base: 16,644, with a daily increase of 20.29%

Existing Active Users on Base: 62,869, with a daily increase of 17.28%

6.1.2 New User Profile

Core data: There were a total of 16,644 new active users on Base yesterday, with a daily increase of 20.29%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 23

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 24

Key Projects:

OdosRouterV2 (DApp) - The Odos Protocol stands out as the first Dex aggregator that allows users to swap multiple tokens for a single asset in one atomic transaction. This system facilitates the exchange of a basket of input tokens for the desired output in one go, saving on gas fees and mitigating market volatility.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 62,869, with a daily increase of 17.28%

Popular Sectors

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 25

Popular Projects

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 26

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

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 27

KAI-CHING (DApp) - A shopping platform on the NEAR blockchain, where users can pay with KAIC at hundreds of stores to enjoy discounts. Five smartphone providers have already integrated KAIKAINOW into their devices.

8.DApp Ecosystem - ETH Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 28

Wormhole (DApp) - The cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service. This service enables application developers to extract any on-chain data on demand. Wormhole indicates that compared to the push model, Queries offers less than 1-second latency and can reduce gas fees by 84%.

9.DApp Ecosystem - BSC

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 29

Sleepless AI (DApp) - This project is the first AI and crypto project to launch on Binance Launchpool. It features AI-generated virtual companions, both male and female, enabling users to engage in conversations with AI-generated partners through the app.

10.DApp Ecosystem - Polygon Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 30

Yuliverse (DApp) - Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, utilizing NFTs and the cryptocurrencies ARG and ART. Designed to enhance social interaction and engagement, it allows players to explore the real world and build connections. Yuliverse's game mechanics include elements of earning potential, providing a unique gaming experience for players.

11.DApp Ecosystem - Solana Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 31

Jupiter Exchange (DApp) - Jupiter Exchange, a derivatives exchange in the Solana ecosystem, has announced the details of the JUP community airdrop. Out 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). There will also be subsequent airdrops targeting new users. The recent significant increase in on-chain transaction volume on the Solana blockchain, even surpassing Ethereum, has led to increased interest. It is advisable to keep this project on your radar.

12.DApp Ecosystem - Arbitrum Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 32

Uniswap V3 (DApp) - Uniswap V3 is an advanced decentralized trading platform, known for its concentrated liquidity and non-fungible liquidity provider positioning. This feature enables users to offer liquidity more effectively within certain price ranges. Uniswap V3 adapts to different market risks by offering multiple fee tiers, and supports complex trading and arbitrage strategies, all while maintaining seamless interoperability with other DeFi protocols. This results in a trading experience that is both more flexible and efficient for users.

13.DApp Ecosystem - Base Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 33

Aerodrome (DApp) - Aerodrome is an emerging automated market maker (AMM) protocol aimed to become the central liquidity hub for Coinbase's Layer 2 chain, Base. The aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Despite past collaborations, Aerodrome operates independently of Velodrome. AERO, Aerodrome's utility and governance token, allows holders to lock their tokens and receive veAERO NFTs and voting power based on the lock-up period.

14.DApp Ecosystem - GameFi Sector Across All Chains

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 34

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.

15.Gas Fee Consumption - ETH Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 35

Manta (DApp) - Manta Network was established by a team of experienced founders from prestigious institutions like Harvard, MIT, and Algorand. Depositing ETH and USDC to Manta makes users eligible for public airdrops of 50,000,000 MANTA in January 2024.

16.Gas Fee Consumption - BSC

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 36

bloXroute (DApp) - bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete u-turn. It announced that it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

17.Gas Fee Consumption - Polygon Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 37

QuickSwap (DApp) - Yesterday, amid a broad market downturn and a general decline in altcoins, MATIC rose 10% against the trend, surpassing $1. This stimulated trading activity on the Polygon chain. As a result, the token price of Polygon's native DEX, QuickSwap, experienced a significant increase.

18.Gas Fee Consumption - Arbitrum Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 38

BPET (Token) - XPET is a project on the Arbitrum chain that combines SocialFi and GameFi, requiring players to feed, accompany, and ensure the survival of pets, thereby helping players earn token rewards. Yesterday, XPET introduced a PvE gameplay mode, leading to a continuous rise in the price of XPET and BPET tokens, reaching new highs.

19.Gas Fee Consumption - Base Chain

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 39

SoSwap (DApp) - SoSwap, a RAI Finance product, participated in the Base Onchain Summer event. It is one of RAI Finance's decentralized financial products on the Base and was launched on this chain on August 9.

20.Top Trending Tokens on Twitter

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 40

MATIC (Token) - Yesterday, amid a broad market downturn and a general decline in altcoins, MATIC rose 10% against the trend, surpassing $1.

METIS (Token) - MetisDAO Foundation, the organization behind the Layer 2 Rollup Metis, announced the establishment of a fund worth roughly $100 million on December 18, aimed at accelerating the development of its ecosystem. Since the release of this news, the METIS token has witnessed a continuous increase in its value, along with a notable rise in the TVL and a significant surge in the value of tokens within its ecosystem.

21.Google Trends - Global

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 41

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 42

SEI (Token) - The market has once again turned its attention to Parallelized EVM chains, and SEI is among the leading chains in this space. Breaking away from the sequential execution of ETH, the focus for the next wave of EVM chains is on efficient scaling and low latency. Several assets have started to pull back from their lows, with funds gradually flowing in. Many prominent figures in the cryptocurrency industry have started sharing their positive views and forecasts for Parallelized EVM in 2024.

OSMO (Token) - South Korean cryptocurrency exchange Bithumb will list Osmosis (OSMO) on the KRW market. The exchange will only support the Osmosis (mainnet) Network, and deposits from other networks won't be accepted. OSMO saw a rise following the announcement.

ANALOS (Token) - A highly popular memecoin on Solana. After experiencing a significant increase, it followed the overall decline in the Solana ecosystem yesterday, plummeting 70% in a single day. The 24-hour on-chain trading volume surpassed $47 million, with over 70,000 transactions.

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

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 43

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 44

a) South Asia Region

India Trends: PREP, BAND, GMX, MATIC

Pakistan Trends: SOL, ANALOS

b) Southeast Asia Region

Malaysia Trends: LUNC, MATIC

Philippines Trends: SOL

Singapore Trends: NEAR, METIS

Indonesia Trends: TEL, SOL, PERP

c) East Asia Trends

No remarkable trends

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

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 45

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 46

a) CIS Region

Trends: ARKM

b) English-speaking Countries

Australia Trends: PEPE, ATOM, SATS, LCX, QNT

UK Trends: COTI, TRAC, COQ, OSMO, AURORA

USA Trends: SKL, AXL, OSMO, MARA, STX, QUBIC

Canada Trends: PYR, WAVES, ARB, FTM

c) Europe

France Trends: KAS, REN, RSR, PERP, Atomical

Poland Trends: NFP, SEI, LUNA, BONK

Switzerland Trends: BONK, MATIC

Turkey Trends: tunc satiroglu twitter, crypto kemal twitter

Germany Trends: APT, SEI, QNT, OSMO

Italy Trends: MATIC, PERP, QNT, TON, ORDI

Spain Trends: SAITAMA, SATS, BNB, SEI

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

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 47

Bitget Research: Metis TVL Climbs to $600 Million, Crypto Market Experiences Overall Pullback image 48

a) Africa

South Africa Trends: ICP, SHIB, AVAX

Nigeria Trends: coingecko, pancakeswap, etoro

b) Middle East Trends

No remarkable keywords

c) Latin America

Brazil Trends: DOT, DOVA, QNT, SUI, NEAR

Argentina Trends: XLM, BONK, AVAX, MATIC, CAKE

Mexico Trends: MANA, ADA

Reference Links

Dune On-Chain Data Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview