Bitget Research: BTC Surpasses $45,000, Layer 2 Tokens ARB and METIS Experience Significant Gains

In the past 24 hours, many new popular tokens and topics have emerged in the a23ac713-4154-4702-bbb7-e19c4f03f981, and perhaps they will be the next focus of the market.

In Summary:

1. Popular Tokens:

SEI (Token) - Sei Labs co-founder Jayendra (Jay) Jog said in a social media post that Sei v2 will support both EVM and Cosmwasm. EVM and Cosmwasm contracts will also be able to call each other using stateful precompilation and chain-level message scheduling. SEI briefly hit $0.8 today and is now quoted at $0.7882, extending its 24-hour gain to 35%.

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

ARC20 Tokens: The BRC-20 tokens' hype is cooling down, but QUARK, an ARC20 token, has seen a significant increase in popularity this weekend, and at one point caused a spike in Bitcoin network transaction fees and delays in the Atomicals node across several blocks. Later, the ARC20 project Atomicals Protocol announced plans to create a patch to address the current instability and speed issues faced by indexers. The patch has reportedly improved decentralized forging (DFT) speeds by 20 times during testing. The improvements are awaiting confirmation and are expected to be merged into the version within a day.

TRB (Token) - TRB rose rapidly in the early morning of January 1, Beijing time, once exceeding $600. After a sharp pullback, it stands at $181.32 currently. According to Coinglass, a total of $675.2 million was liquidated in the last 24 hours, of which $24.7998 million were long positions and $43.2412 million were short positions.

USDC (Token) - According to official data, Circle issued 1.9 billion USDC and redeemed 1.8 billion of USDC over the past seven days, resulting in an increase in circulation by 100 million. As of December 28, the total circulating supply of USDC was US$24.8 billion, with a reserve of US$24.9 billion, of which US$2.6 billion is in cash and the Circle Reserve Fund holds US$22.3 billion.

2. Popular NFTs:

Steamboat Willie Public Domain 2024 (NFT): It is a Disney Mickey Mouse NFT collection with a supply of 2000, 681 holder addresses, a 10x increase from its floor price in a single day, and a 24-hour volume over 500 ETH.

3. Popular DApps:

zkSync Era (Dapp): According to The Block, Ethereum Layer 2 scaling solution zkSync has processed more transactions in the past month than the Ethereum mainnet. According to L2Beat data, zkSync has processed 34.7 million transactions in the past 30 days, surpassing the Ethereum mainnet's 34.2 million transactions during the same period.

Web3Go (DApp): Web3Go, an AI-native digital asset management tool, and real-time data infrastructure project, has raised $4 million in a seed round in June 2023 led by Binance Labs, with participation from HashKey Capital. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

XPET (DApp, token) - XPET is a SocialFi and GameFi project on the Arbitrum chain, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. XPET recently introduced a PvE gameplay mode, which enables the consumption of BPET. The number of users and the transaction volumes surged. Also, the xEGG fragments received in the PvE Adventure can be combined to create an NFT which is now available in the secondary market. Bitget has listed the XPET token.

QnA3 (Dapp) - An artificial intelligence-powered Web3 knowledge-sharing platform, QnA3.AI has been selected for Binance Labs 6th Incubator and named one of the Most Promising Binance Smart Chain Projects with airdrop expected.

4. Twitter Hot Topics:

SEI (Token) - Sei Labs co-founder Jayendra (Jay) Jog said in a social media post that Sei v2 will support both EVM and Cosmwasm. EVM and Cosmwasm contracts will also be able to call each other using stateful precompilation and chain-level message scheduling. SEI briefly hit $0.8 today and is now quoted at $0.7882, extending its 24-hour gain to 35%.

5. Regional Trending Searches:

TRB (Token) - TRB rose rapidly in the early morning of January 1 (UTC+8), once exceeding $600. After a sharp pullback, it stands at $181.32 currently. According to Coinglass, a total of $675.2 million was liquidated in the last 24 hours, of which $24.7998 million were long positions and $43.2412 million were short positions.

Content:

Written by: Bitget Research

Data collection time: January 2, 10:30 AM

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

4) TGE (Token Generation Event)

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

ARC20 Tokens: The BRC-20 tokens' hype is cooling down, but QUARK, an ARC20 token, has seen a significant increase in popularity this weekend, and at one point caused a spike in Bitcoin network transaction fees and delays in the Atomicals node across several blocks. Later, the ARC20 project Atomicals Protocol announced plans to create a patch to address the current instability and speed issues faced by indexers. The patch has reportedly improved decentralized forging (DFT) speeds by 20 times during testing. The improvements are awaiting confirmation and are expected to be merged into the version within a day.

2. Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 483,841

New active users on ETH: 73,742, with a daily decrease of 6.90%

Existing active users on ETH: 410,099, with a daily increase of 20.54%

2.1.2 New User Profile

Core data: There were a total of 73,742 new active users on ETH yesterday, with a daily decrease of 6.90%

Popular Sectors

Popular Projects

zkSync Era (Dapp): According to The Block, Ethereum Layer 2 scaling solution zkSync has processed more transactions in the past month than the Ethereum mainnet. According to L2Beat data, zkSync has processed 34.7 million transactions in the past 30 days, surpassing the Ethereum mainnet's 34.2 million transactions during the same period.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 410,099, with a daily increase of 20.54%

Popular Sectors

Popular Projects

USDC (Token) - According to official data, Circle issued 1.9 billion USDC and redeemed 1.8 billion of USDC over the past seven days, resulting in an increase in circulation by 100 million. As of December 28, the total circulating supply of USDC was US$24.8 billion, with a reserve of US$24.9 billion, of which US$2.6 billion is in cash and the Circle Reserve Fund holds US$22.3 billion.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

Memecoins inspired by the 2024 New Year (such as LFG24 and LONG) and by the idea of the year of Dragon (such as LONG) emerged on the Ethereum network yesterday, demonstrating significant daily fluctuation.

2.2.2 Uniswap V3

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

2.3 Popular NFTs

2.3.1 Top NFT Collections

Steamboat Willie Public Domain 2024 (NFT): It is a Disney Mickey Mouse NFT collection with a supply of 2000, 681 holder addresses, a 10x increase from its floor price in a single day, and a 24-hour volume over 500 ETH.

(https://opensea.io/collection/steamboat-willie-public-domain-2024/analytics)

3. Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,622,818

New active users on BSC: 193,188, with a daily decrease of 46.59%

Existing active users on BSC: 1,429,630, with a daily decrease of 26.96%

3.1.2 New User Profile

Core data: There were a total of 193,188 new active users on BSC yesterday, with a daily decrease of 46.59%

Popular Sectors

Popular Projects

Web3Go (DApp): Web3Go, an AI-native digital asset management tool, and real-time data infrastructure project, has raised $4 million in a seed round in June 2023 led by Binance Labs, with participation from HashKey Capital. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,429,630, with a daily decrease of 26.96%

Popular Sectors

Popular Projects

NFPrompt (Token) - NFPrompt is the first AI-driven art creation and NFT trading platform, enabling users to generate artworks through text prompts and mint them as NFTs. This empowers every user to become an artist and own their creations on blockchain. The performance of the token after TGE was less than satisfactory.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

No new significantly popular tokens emerged on BSC.

4. Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 520,845

New active users on Polygon: 60,756, with a daily decrease of 45.44%

Existing active users on Polygon: 460,089, with a daily increase of 3.29%

4.1.2 New User Profile

Core data: There were a total of 60,756 new active users on Polygon yesterday, with a daily decrease of 45.44%

Popular Sectors

Popular Projects

Port3 (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.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 460,089, with a daily increase of 3.29%

Popular Sectors

Popular Projects

SmartCat (NFT): The NFT project launched by SmartLayer is very hot on the chain, users can interact with SmartCat NFT such as Feed, Clean, etc., and the interaction activity is very high.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

No new significantly popular tokens emerged on Polygon.

5. Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 153,594

New Active Users on Arbitrum: 21,577, with a daily decrease of 63.71%

Existing Active Users on Arbitrum: 132,017, with a daily decrease of 16.09%

5.1.2 New User Profile

Core data: There were a total of 21,577 new active users on Arbitrum yesterday, with a daily decrease of 63.71%

Popular Sectors

Popular Projects

XPET (Token, DApp) - XPET is a SocialFi and GameFi project on the Arbitrum chain, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. XPET recently introduced a PvE gameplay mode, which enables the consumption of BPET. The number of users and the transaction volumes surged. Also, the xEGG fragments received in the PvE Adventure can be combined to create an NFT which is now available in the secondary market. Bitget has listed the XPET token.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 132,017, with a daily decrease of 16.09%

Popular Sectors

Popular Projects

XAI (DApp): XAI, the Arbitrum game Layer 3 solution will postponed the airdrop, with the specific date to be determined.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

XPET and BPET have been clarified above.

6. Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 74,357

New Active Users on Base: 9656, with a daily decrease of 42.86%

Existing Active Users on Base: 64,701, with a daily increase of 8.81%

6.1.2 New User Profile

Core data: There were a total of 9656 new active users on Base yesterday, with a daily decrease of 42.86%

Popular Sectors

Popular Projects

Merkly Refuel (DApp) - Merkly is a multifunctional Omnichain platform, aiming to simplify bridging through the groundbreaking technology of LayerZero. The purpose of the refuel contract is to provide gas fees for chains without gas by using a swap and cross-chain method.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 64,701, with a daily increase of 8.81%

Popular Sectors

Popular 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

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.

8. DApp Ecosystem - ETH Chain

Manifold (DApp) - A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It also serves as a platform for users to mint NFTs. Artists can create their own single-page auction websites through the Gallery application in the Manifold Studio. Previously, the platform collaborated with several prominent artists and studios, generating substantial income for these artists.

9. DApp Ecosystem - BSC

QnA3 (Dapp) - An artificial intelligence-powered Web3 knowledge-sharing platform, QnA3.AI has been selected for Binance Labs 6th Incubator and named one of the Most Promising Binance Smart Chain Projects with airdrop expected.

10. DApp Ecosystem - Polygon Chain

Smart Cats is described above.

11. DApp Ecosystem - Solana Chain

Jupiter (DApp) - Jupiter Exchange, a derivatives trading platform within 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). There will also be subsequent airdrops targeting new users. Recently, the trading volume on the Solana chain has increased significantly and even surpassed ETH. With such increasing popularity, , and the heat has increased, it is essential to stay updated on the exchange.

12. DApp Ecosystem - Arbitrum Chain

WOOFi (Dapp) - crypto trading platform WOO X is gearing up to expand its designated market maker (DMM) program to spot markets. According to WOO X, since the launch of the perpetual contract DMM model in August 2023, the model currently accounts for nearly 80% of all pending order transactions in the perpetual futures market.

14. DApp Ecosystem - Base Chain

Dmail has been clarified above.

14. DApp Ecosystem - GameFi Sector Across All Chains

Yuliverse (DApp) - Yuliverse entered into a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain meta-universe game that combines elements of GameFi and SocialFi with NFTs and the cryptocurrencies ARG and ART. The game is designed to promote social interaction and engagement, offering players the opportunity to explore the real world and make connections. Yuliverse's game mechanics include an element of finding money and providing players with a unique gaming experience.

15. Gas Fee Consumption - ETH Chain

Maestro (DApp) - Maestro is a renowned on-chain bot, and the crypto community highly favors that. Maestro's daily transaction fees have increased to previous high points, ranging between $150,000 and $200,000, which helps it maintain its top position in the BOT sector.

16. Gas Fee Consumption - BSC Chain

Seg Finance (DApp) - A Play2Earn project on the BSC, where users can stake their shoe NFTs or provide liquidity to earn passive BNB profits. The project is now open source, and its contract on the BSC is transparent. It has over 1500 followers on Twitter and is an essential project to stay updated on.

17. Gas Fee Consumption - Polygon Chain

CoinTool: Xen Batch Minter (DApp) - A renowned on-chain toolbox extensively utilized on the Polygon network. Its XEN Batch Minter feature assists users in batch minting XEN tokens.

18. 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. It is currently the most active derivatives platform on Arbitrum.

19. Gas Fee Consumption - Base Chain

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. 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.

20. Twitter Trends Token Top Rank

SEI (Token) - Sei Labs co-founder Jayendra (Jay) Jog said in a social media post that Sei v2 will support both EVM and Cosmwasm. EVM and Cosmwasm contracts will also be able to call each other using stateful precompilation and chain-level message scheduling. SEI briefly hit $0.8 today and is now quoted at $0.7882, extending its 24-hour gain to 35%.

21. Google Trends - Global

TRB (Token) - TRB rose rapidly in the early morning of January 1, Beijing time, once exceeding $600. After a sharp pullback, it stands at $181.32 currently. According to Coinglass, a total of $675.2 million was liquidated in the last 24 hours, of which $24.7998 million were long positions and $43.2412 million were short positions.

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

a) South Asia Region

India Trends: lfg, fil, trb.

Pakistan Trends: coinglass, kucoin, coingecko.

b) Southeast Asia Region

Malaysia Trends: trb, matic, lfg.

Philippines Trends: trb, bitcoin.

Singapore Trends: trb, ai, bitcoin.

Indonesia Trends: lfg, celestia, cmc.

Southeast Asia Trends: crypto bubbles.

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

b) Middle East Trends: coinmarketcap, crypto exchange, arkham.

b) English-speaking Countries

Australia Trends: kadena, tron, velo, 1inch.

UK Trends: cosmo, jasmy, beam, olas, bounce, 1inch, jto.

United States Trends: lfg, ray, jto, trb, os.

Canada Trends: cel, icp, beam, olas, jto, op.

c) Europe

France Trends: kp3r, orai, iotx, ray.

Poland Trends: mexc, usdt, bitpay, fantom.

Switzerland Trends: grt, sia, bonk, sei, gmx.

Turkey Trends: trb, coinbase, investing crypto.

Germany Trends: qnt, dca.

Italy Trends: slp, analos, axs, inj.

Spain Trends: avax, kujira, sand, gala.

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

a) Africa

South Africa Trends: eth, easy crypto login.

Nigeria Trends: atom, dca, ice.

b) Middle East Trends: coinmarketcap, trb, icp.

c) Latin America

Brazil Trends: trb, astr, kusama, aioz, eth.

Argentina Trends: worldcoin, dolar.

Mexico Trends: avax, trb.

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