Bitget Research: Bitcoin Rebounds to $44,000, Ethereum to Test Cancun Upgrade on January 17

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) - BRC-20 tokens ORDI and SATS have seen a significant drop in their on-chain trading volumes since being listed on leading exchanges. RATS, currently ranking top in on-chain trading volume, has a 24-hour trading volume of $1.15 million, down 19% over the past 14 days.

MICKEY (Token) - A memecoin themed after Disney's iconic character Mickey Mouse. Since Disney no longer holds the original copyright for Mickey Mouse as of January 1st this year, multiple Mickey Mouse memecoins emerged on the chain. MICKEY gained consensus among investors and saw its market cap fall to $7.43 million, with a 24-hour trading volume of $5.56 million.

POWR (Token) - Powerledger is an energy trading platform based on blockchain technology, facilitating peer-to-peer energy transactions to promote the adoption and efficiency of renewable energy. In May 2017, Powerledger completed its Initial Coin Offering (ICO), successfully raising over $34 million. Recently, there have been significant buy orders, with a 24-hour trading volume of $9.01 million.

VPR (Token) - A browser wallet project that has been listed on exchanges such as Bybit, MEXC, and Gate. The current trading volume is $4.41 million, experiencing a significant decline. It is advisable to observe its performance.

agEUR (Token) - agEUR is a stablecoin protocol by Angle Protocol that emphasizes capital efficiency, decentralization, and over-collateralization. The price of agEUR is not tied to the EURUSD exchange rate, potentially mitigating market risks associated with USDT/USDC unpegging.

ARB (Token) - Geth team developer @lightclients announced that the 178th Ethereum Core Developer Execution Meeting (ACDE) has concluded. The meeting reconfirmed the Cancun upgrade on the Goerli testnet for January 17 and scheduled the Sepolia and Holesky testnet upgrades for January 30 and February 7, respectively. In the Layer 2 sector, ARB broke through $2.1 today, reaching a new all-time high.

2.Popular NFTs:

Gas Hero (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:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

OpenSea Seaport (DApp) - Recently, OpenSea reduced its staff by approximately 50% and plans to reposition its team around OpenSea 2.0. The New York hedge fund Coatue has cut the value of its OpenSea shares by 90% to $13 million, which may suggest that the current valuation of OpenSea is only $1.4 billion.

TinyTap (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.

Sleepless AI (DApp) - SleeplessAI's first NFT, HIM Genesis I, has concluded its auction. The highest single bid exceeded 510 BNB, with the total auction amount surpassing 8477 BNB, approximately equivalent to $2.6 million. The Launchpool for SleeplessAI has ended, and the token is now listed on Binance, trading at $1.14.

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.

Layerzero (DApp) - According to the V2 technical whitepaper, the V2 version is already deployed on over 40 testnets, with the mainnet expected to launch in January 2024. Currently, more detailed information is not available. Layerzero currently ranks high in gas consumption across various chains.

xPet.tech (DApp) - XPET is a project on the Arbitrum chain that combines SocialFi and GameFi, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Recently, XPET has introduced a PvE gameplay mode, increasing the consumption of $BPET. The user and trading data of this project have rapidly grown. Additionally, the egg fragments produced in the PvE mode can be combined into NFTs, which are now circulating in the secondary market. Bitget has listed the XPET token.

XSaiyan (DApp) - A character development game themed around Super Saiyans, similar to xPet. Users can embed a window outside of Twitter and engage in 'play-to-earn' activities by developing Saiyan characters.

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.

Odos (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.

4.Twitter Hot Topics:

SEI (Token) - Sei Network is the first Layer 1 blockchain based on an order book model. Its version 2 introduced a parallellized EVM solution, enabling developers to deploy audited smart contracts from EVM-compatible blockchains. As the first chain with a parallelized EVM narrative, SEI has recently achieved a new all-time high of $0.8, with a nearly 4x increase over two weeks.

5.Regional Trending Searches:

BEAM (Token) - BEAM is the token of the gaming guild Merit Circle. According to a tweet from its co-founder, the BEAM Subnet's network activity reached a historical high with over 100,000 transactions in a single day. Additionally, the guild signed new games in 2024. The token has seen a 40% increase over the past 30 days, showing strong performance in the gaming sector.

Main Body

Written by: Bitget Research

Data collection time: January 5, 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

RATS (Token) - BRC-20 tokens ORDI and SATS have seen a significant drop in their on-chain trading volumes since being listed on leading exchanges. RATS, currently ranking top in on-chain trading volume, has a 24-hour trading volume of $1.15 million, down 19% over the past 14 days.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 427,263

New active users on ETH: 89,117, with a daily increase of 3.55%

Existing active users on ETH: 338,146, with a daily increase of 0.69%

2.1.2 New User Profile

Core data: There were a total of 89,117 new active users on ETH yesterday, with a daily increase of 3.55%

Popular Sectors

Popular Projects

Key Projects:

ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 338,146, with a daily increase of 0.69%

Popular Sectors

Popular Projects

Key Projects:

OpenSea Seaport (DApp) - Recently, OpenSea reduced its staff by approximately 50% and plans to reposition its team around OpenSea 2.0. The New York hedge fund Coatue has cut the value of its OpenSea shares by 90% to $13 million, which may suggest that the current valuation of OpenSea is only $1.4 billion.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

MICKEY (Token) - A memecoin themed after Disney's iconic character Mickey Mouse. Since Disney no longer holds the original copyright for Mickey Mouse as of January 1st this year, multiple Mickey Mouse memecoins emerged on the chain. MICKEY gained consensus among investors and saw its market cap fall to $7.43 million, with a 24-hour trading volume of $5.56 million.

2.2.2 Uniswap V3

POWR (Token) - Powerledger is an energy trading platform based on blockchain technology, facilitating peer-to-peer energy transactions to promote the adoption and efficiency of renewable energy. In May 2017, Powerledger completed its Initial Coin Offering (ICO), successfully raising over $34 million. Recently, there have been significant buy orders, with a 24-hour trading volume of $9.01 million.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Gas Hero (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: 2,068,617

New active users on BSC: 189,610, with a daily decrease of 9.33%

Existing active users on BSC: 1,879,007, with a daily increase of 26.40%

3.1.2 New User Profile

Core data: There were a total of 189,610 new active users on BSC yesterday, with a daily decrease of 9.33%

Popular Sectors

Popular Projects

Key Projects:

TinyTap (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 1,879,007, with a daily increase of 26.40%

Popular Sectors

Popular Projects

Key Projects:

Sleepless AI (DApp) - SleeplessAI's first NFT, HIM Genesis I, has concluded its auction. The highest single bid exceeded 510 BNB, with the total auction amount surpassing 8477 BNB, approximately equivalent to $2.6 million. The Launchpool for SleeplessAI has ended, and the token is now listed on Binance, trading at $1.14.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

VPR (Token) - A browser wallet project that has been listed on exchanges such as Bybit, MEXC, and Gate. The current trading volume is $4.41 million, experiencing a significant decline. It is advisable to observe its performance.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 619,716

New active users on Polygon: 103,997, with a daily increase of 4.81%

Existing active users on Polygon: 515,719, with a daily increase of 8.91%

4.1.2 New User Profile

Core data: There were a total of 103,997 new active users on Polygon yesterday, with a daily increase of 4.81%

Popular Sectors

Popular Projects

Key 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.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 515,719, with a daily increase of 8.91%

Popular Sectors

Popular Projects

Key Projects:

Layerzero (DApp) - According to the V2 technical whitepaper, the V2 version is already deployed on over 40 testnets, with the mainnet expected to launch in January 2024. Currently, more detailed information is not available. Layerzero currently ranks high in gas consumption across various chains.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

agEUR (Token) - agEUR is a stablecoin protocol by Angle Protocol that emphasizes capital efficiency, decentralization, and over-collateralization. The price of agEUR is not tied to the EURUSD exchange rate, potentially mitigating market risks associated with USDT/USDC unpegging.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 183,675

New Active Users on Arbitrum: 29,570, with a daily increase of 8.09%

Existing Active Users on Arbitrum: 154,105, with a daily decrease of 0.56%

5.1.2 New User Profile

Core data: There were a total of 29,570 new active users on Arbitrum yesterday, with a daily increase of 8.09%

Popular Sectors

Popular Projects

Key Projects:

xPet.tech (DApp) - XPET is a project on the Arbitrum chain that combines SocialFi and GameFi, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Recently, XPET has introduced a PvE gameplay mode, increasing the consumption of $BPET. The user and trading data of this project have rapidly grown. Additionally, the egg fragments produced in the PvE mode can be combined into NFTs, which are now circulating 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 154,105, with a daily decrease of 0.56%

Popular Sectors

Popular Projects

Key Projects:

XSaiyan (DApp) - A character development game themed around Super Saiyans, similar to xPet. Users can embed a window outside of Twitter and engage in 'play-to-earn' activities by developing Saiyan characters.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

ARB (Token) - Geth team developer @lightclients announced that the 178th Ethereum Core Developer Execution Meeting (ACDE) has concluded. The meeting reconfirmed the Cancun upgrade on the Goerli testnet for January 17 and scheduled the Sepolia and Holesky testnet upgrades for January 30 and February 7, respectively. In the Layer 2 sector, ARB broke through $2.1 today, reaching a new all-time high.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 72,773

New Active Users on Base: 9,722, with a daily decrease of 6.19%

Existing Active Users on Base: 63,051, with a daily increase of 9.77%

6.1.2 New User Profile

Core data: There were a total of 9,722 new active users on Base yesterday, with a daily decrease of 6.19%

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.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 63,051, with a daily increase of 9.77%

Popular Sectors

Popular Projects

Key Projects:

Odos (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.

7. DApp Ecosystem - All Chains

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.

8.DApp Ecosystem - ETH Chain

UAW fluctuations of all the projects are within the normal range.

9.DApp Ecosystem - BSC

Mobox recently has had no special promotions.

10.DApp Ecosystem - Polygon Chain

Kratos Studios (DApp) - Kratos Studios, based in India, is a Web3 gaming startup and the intellectual property owner of the world's largest gaming DAO, IndiGG. Established in 2022, the company focuses on developing various types of games, operating as a Web3 gaming company. In addition to holding the intellectual property of IndiGG, Kratos Studios is also an active investor in the global Web3 gaming space.

11.DApp Ecosystem - Solana Chain

UAW fluctuations of all the projects are within the normal range.

12.DApp Ecosystem - Arbitrum Chain

UAW fluctuations of all the projects are within the normal range.

13.DApp Ecosystem - Base Chain

UAW fluctuations of all the projects are within the normal range.

14.DApp Ecosystem - GameFi Sector Across All Chains

UAW fluctuations of all the projects are within the normal range.

15.Gas Fee Consumption - ETH Chain

Arbitrum (DApp) - According to DeFiLama, the 24-hour trading volume of DEXs on the Arbitrum Chain has exceeded $1.83 billion, with a weekly increase of over 32%, surpassing Ethereum and ranking first. Recently, with the hype surrounding the Cancun upgrade narrative, the price of ARB has shown strong performance, continuously setting new historical highs and breaking through $2. It is important to note that ARB will unlock $2.2 billion on March 16, approximately 90% of its current circulating supply.

16.Gas Fee Consumption - BSC

Sleepless AI (DApp) - SleeplessAI's first NFT, HIM Genesis I, has concluded its auction. The highest single bid exceeded 510 BNB, with the total auction amount surpassing 8477 BNB, approximately equivalent to $2.6 million. The Launchpool for SleeplessAI has ended, and the token is now listed on Binance, trading at $1.14.

17.Gas Fee Consumption - Polygon Chain

Port3 (DApp) - Port3, a social data gateway, will hold its public sale on January 7 at 22:00 (UTC+8) on platforms such as Bounce Brand, WePad, FlyBTC, and Poolz Finance, with the token ticker being PORT3. Established in 2022, Port3 Network is a portal for accessing and aggregating Web3 social data. The SoQuest application by Port3 enables projects to incentivize users to share their data through tasks and rewards to drive traffic.

18.Gas Fee Consumption - Arbitrum Chain

XPET (DApp) - XPET is a project on the Arbitrum chain that combines SocialFi and GameFi, requiring players to feed, accompany, and ensure the survival of their pets, thereby helping them earn token rewards. Recently, XPET has introduced a PvE gameplay mode, increasing the consumption of $BPET. The user and trading data of this project have rapidly grown. Additionally, the egg fragments produced in the PvE mode can be combined into NFTs, which are now circulating in the secondary market. Bitget has listed the XPET token.

19.Gas Fee Consumption - Base Chain

Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. With Stargate, users and DApps can transfer native assets across multiple chains (with more to come in the future). LayerZero plans to launch its mainnet in January 2024, which is a positive development for its ecosystem projects.

20.Top Trending Tokens on Twitter

SEI (Token) - Sei Network is the first Layer 1 blockchain based on an order book model. Its version 2 introduced a parallellized EVM solution, enabling developers to deploy audited smart contracts from EVM-compatible blockchains. As the first chain with a parallelized EVM narrative, SEI has recently achieved a new all-time high of $0.8, with a nearly 4x increase over two weeks.

21.Google Trends - Global

Sleepless AI (DApp) - Integrating Web3 with AI, Sleepless AI is a companion gaming platform. "HIM" and "HER" are the first two games launched by Sleepless AI, aimed at providing an immersive companionship experience. Following the conclusion of the Binance Launchpool, the AI token was listed on Binance, Bitget, and other exchanges. The team also announced the airdrop rules, which include all 20 Genesis NFT holders, the top 10 bidders, and participants in the staking program receiving AI tokens. Users who participated in voting and have more than 10 daily check-ins are also eligible for the airdrop. The highest-ranked 100 users who pre-ordered the game will be given airdrops. The limited scope of the airdrop has led to some negative sentiment in the community.

BEAM (Token) - BEAM is the token of the gaming guild Merit Circle. According to a tweet from its co-founder, the BEAM Subnet's network activity reached a historical high with over 100,000 transactions in a single day. Additionally, the guild signed new games in 2024. The token has seen a 40% increase over the past 30 days, showing strong performance in the gaming sector.

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

a) South Asia Region

India Trends: ENS, AI, Polygon, Dextools

Pakistan Trends: Coinglass, AI, XAI, MATIC

b) Southeast Asia Region

Malaysia Trends: AVAX, MATIC, LUNA, CENTRA

Philippines Trends: NFP, PI, CENTRA, AI, SOL

Singapore Trends: TIA, BEAM, CENTRA, BTC, ICP, MATIC

Indonesia Trends: TIA, AI

c) East Asia

Trends: Crypto bubbles

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

a) CIS Region

Trends: Crypto Bubble, Casino, Arkham, Fundraising

b) English-speaking Countries

Australia Trends: SNEK, BLZ, AI, BEAM

UK Trends: KODA

USA Trends: HIVEMAPPER, BIGTIME, BEAM, PENDLE, ALPH, DEPIN, HONEY

Canada Trends: CHR, Vechain, ADA

c) Europe

France Trends: JITO, XRD, RDNT, WSM, MOVR, Radix, Trias, AI

Poland Trends: XAI, AI, CENTRA, TIA, BEAM, DOT

Switzerland Trends: SEI, Bitstamp, ETH, ORDI, WSM, AI

Turkey Trends: SOL, Selcoin

Germany Trends: TIA, PI, BSC, DOGE, XRP, DEPIN, AI

Italy Trends: Celsius, AI, WRC, TIA, XAI, APT

Spain Trends: NEXO, HNT, AI, ENS, SAITAMA, KAS, INJ, KUJIRA

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

a) Africa

South Africa Trends: SEI, CENTRA, ETH

Nigeria Trends: PI, ETF

b) Middle East

Trends: NEWS, AI, BTC, XAI

c) Latin America

Brazil Trends: LUNA, SOL, AI, LUNC, KUSAMA

Argentina Trends: ENS, AVAX, AI, HBAR, PEOPLE

Mexico Trends: CENTRA, SHIB, AVAX

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