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Bitget Research: Tiger Brokers Hong Kong Type 1 License Upgrade Approved, Bitcoin Volatility Index Hits Three-Month Low

John & Cary
2024/01/26
Bitget Research: Tiger Brokers Hong Kong Type 1 License Upgrade Approved, Bitcoin Volatility Index Hits Three-Month Low

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:

LIGO (Token) - A BRC-20 token with the Bitcoin Layer 2 concept, Ligo was deployed on December 3, 2023. It has recently experienced a sudden surge in minting activity, with the holder count surpassing 12,000. The minting phase has been completed. The BRC-20 token LIGO has shown decent performance in the secondary market and its future trend will depend on the progress of the project's development. The project primarily targets Chinese-speaking users and recently held an AMA with 1100 participants, indicating substantial community interest.

Altlayer (Token) - The Ethereum scaling project Altlayer was launched on Binance Launchpool and has unveiled its tokenomics. AltLayer OG Badge NFT holders, Oh Ottie! NFT holders, qualified participants of Altitude promotions, qualified re-stakers from EigenLayer, and qualified stakers from Celestia will receive token airdrops. Following its official launch yesterday, the trading volume and price have increased.

SNOW (Token) - The SNOW token, a memecoin issued by the ICE project, saw high trading activity from the outset. A trader earned $651,000 with an investment of less than $3000, marking a 220x profit. The trader spent 1.31 ETH (approximately $2931) to buy 386.94 trillion SNOW tokens (43.5% of the total supply) and sold 72 trillion SNOW tokens at 53.4 ETH (approximately $119,000), realizing a profit of 52.09 ETH (approximately $116,000).

SAVM (Token) - The SatoshiVM project and IDO platform Ape Terminal found themselves embroiled in mutual accusations. SAVM experienced a brief 10x increase upon its secondary market launch, pushing its market cap above $100 million. The token's price dropped by over 30% due to the passage of time, with a 24-hour on-chain trading volume of $40 million.

Tangyuan (Token) - Endorsed by Xue Manzi, this food-themed memecoin has seen a significant decline, and engagement is not recommended.

PENDLE (Token) - On January 11, PENDLE announced the launch of its liquid staking token (LST) eETH on Ether.fi, entering the re-staking/LRTfi field. Pendle LPs depositing eETH will continue to receive all native rewards for eETH, including EigenLayer points, Ether.fi loyalty points, ETH staking yield, and re-staking yield. Pendle's TVL has increased by over $100 million in less than half a month, with its price continuously reaching new highs and demonstrating a counter-trend rise.

2.Popular NFTs:

Mocaverse (NFT) - The Moca Foundation is set to launch MOCA, a full-chain token, in collaboration with Mocaverse, which has partnered for the release of the MOCA coin. Due to this positive news, the floor price of Mocaverse NFTs is currently at 5.09 ETH, with a 24-hour increase of 24.68%.

SmartCat (NFT, DApp) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. Smart Layer may soon launch a token, leading to high market expectations for an airdrop.

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.

QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

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.

TurnUp (DApp) - TurnUp, a Web3 social gaming ecosystem, has seen continuous growth in on-chain transaction data, ranking high on the Polygon DApps daily active users chart. The project team promised in a tweet that once they rank first on the daily active users chart, they will host an AMA with Polygon founder Sandeep Nailwal.

RabbitHole (DApp) - RabbitHole has recently aggregated all tasks offered through the Quest Protocol, enabling users to earn tokens by engaging with crypto applications. The project is experiencing high levels of interaction, which may be related to a potential token launch, making it an attractive option for engagement.

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. Dmail Network revealed its tokenomic model, with a total of 200 million DMAIL. 6% of these tokens will be used for airdrops, and the token is set to launch on OKX Jumpstart.

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 Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from 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. Following Coinbase's recent announcement to list AERO and VELO tokens, AERO surged nearly 100%.

Jump.Trade (DApp) - Jump.Trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic.

Camelot (DApp) - Camelot is a decentralized exchange built on Arbitrum, featuring a customizable liquidity infrastructure designed to enhance liquidity and composability in the Arbitrum ecosystem. Besides being a DEX, Camelot also includes a Launchpad to assist projects in the Arbitrum ecosystem with token sales and fundraising.

4.Twitter Hot Topics:

No data for this segment today due to anomalies in the data source.

5.Regional Trending Searches:

ALT (Token) - According to AltLayer's official website, the application window for their token airdrop is now open and will remain available until February 25. As previously announced in their tokenomics, holders of AltLayer OG Badge NFT, Oh Ottie! NFT, qualified participants of the Altitude promotions, qualified EigenLayer re-stakers, and Celestia stakers are eligible for the airdrop. AltLayer's Twitter account was compromised early this morning but has since been restored to normal.

MANTA (Token) - Following its listing on exchanges, the price of the Manta Network's token reached a new high after initial price consolidation due to the airdrop sell-off. MantaPacific's TVL has surpassed $1.5 billion, with more than 10 million transactions, and over 731,000 wallet addresses.

Main Body

Written by: Bitget Research

Data collection time: January 26, 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

LIGO (Token) - A BRC-20 token with the Bitcoin Layer 2 concept, Ligo was deployed on December 3, 2023. It has recently experienced a sudden surge in minting activity, with the holder count surpassing 12,000. The minting phase has been completed. The BRC-20 token LIGO has shown decent performance in the secondary market and its future trend will depend on the progress of the project's development. The project primarily targets Chinese-speaking users and recently held an AMA with 1100 participants, indicating substantial community interest.

2.Blockchain Profile - ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users on ETH: 486,460

New active users on ETH: 93,861, with a daily increase of 3.29%

Existing active users on ETH: 392,599, with a daily increase of 13.56%

2.1.2 New User Profile

Core data: There were a total of 93,861 new active users on ETH yesterday, with a daily increase of 3.29%

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 392,599, with a daily increase of 13.56%

Popular Sectors

Popular Projects

Key Projects:

Altlayer (Token) - The Ethereum scaling project Altlayer was launched on Binance Launchpool and has unveiled its tokenomics. AltLayer OG Badge NFT holders, Oh Ottie! NFT holders, qualified participants of Altitude promotions, qualified re-stakers from EigenLayer, and qualified stakers from Celestia will receive token airdrops. Following its official launch yesterday, the trading volume and price have increased.

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

SNOW (Token) - The SNOW token, a memecoin issued by the ICE project, saw high trading activity from the outset. A trader earned $651,000 with an investment of less than $3000, marking a 220x profit. The trader spent 1.31 ETH (approximately $2931) to buy 386.94 trillion SNOW tokens (43.5% of the total supply) and sold 72 trillion SNOW tokens at 53.4 ETH (approximately $119,000), realizing a profit of 52.09 ETH (approximately $116,000).

2.2.2 Uniswap V3

SAVM (Token) - The SatoshiVM project and IDO platform Ape Terminal found themselves embroiled in mutual accusations. SAVM experienced a brief 10x increase upon its secondary market launch, pushing its market cap above $100 million. The token's price dropped by over 30% due to the passage of time, with a 24-hour on-chain trading volume of $40 million.

2.3 Popular NFTs

2.3.1 Top NFT Collections

Mocaverse (NFT) - The Moca Foundation is set to launch MOCA, a full-chain token, in collaboration with Mocaverse, which has partnered for the release of the MOCA coin. Due to this positive news, the floor price of Mocaverse NFTs is currently at 5.09 ETH, with a 24-hour increase of 24.68%.

3.Blockchain Profile - BSC

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,487,111

New active users on BSC: 239,980, with a daily increase of 11.85%

Existing active users on BSC: 1,247,131, with a daily increase of 5.07%

3.1.2 New User Profile

Core data: There were a total of 239,980 new active users on BSC yesterday, with a daily increase of 11.85%

Popular Sectors

Popular Projects

Key Projects:

QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,247,131, with a daily increase of 5.07%

Popular Sectors

Popular Projects

Key Projects:

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.

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

Tangyuan (Token) - Endorsed by Xue Manzi, this food-themed memecoin has seen a significant decline, and engagement is not recommended.

4.Blockchain Profile - Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 672,868

New active users on Polygon: 135,403, with a daily increase of 2.96%

Existing active users on Polygon: 537,465, with a daily increase of 2.77%

4.1.2 New User Profile

Core data: There were a total of 135,403 new active users on Polygon yesterday, with a daily increase of 2.96%

Popular Sectors

Popular Projects

Key Projects:

TurnUp (DApp) - TurnUp, a Web3 social gaming ecosystem, has seen continuous growth in on-chain transaction data, ranking high on the Polygon DApps daily active users chart. The project team promised in a tweet that once they rank first on the daily active users chart, they will host an AMA with Polygon founder Sandeep Nailwal.

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 537,465, with a daily increase of 2.77%

Popular Sectors

Popular Projects

Key Projects:

SmartCat (NFT, DApp) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high. Smart Layer may soon launch a token, leading to high market expectations for an airdrop.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

No new popular tokens on the Polygon Chain.

5.Blockchain Profile - Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Total Active Users on Arbitrum: 169,256

New Active Users on Arbitrum: 31,034, with a daily increase of 8.22%

Existing Active Users on Arbitrum: 138,222, with a daily decrease of 12.26%

5.1.2 New User Profile

Core data: There were a total of 31,034 new active users on Arbitrum yesterday, with a daily increase of 8.22%

Popular Sectors

Popular Projects

Key Projects:

RabbitHole (DApp) - RabbitHole has recently aggregated all tasks offered through the Quest Protocol, enabling users to earn tokens by engaging with crypto applications. The project is experiencing high levels of interaction, which may be related to a potential token launch, making it an attractive option for engagement.

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 138,222, with a daily decrease of 12.26%

Popular Sectors

Popular Projects

Key Projects:

XSaiyan (DApp) - A replica of Xpet, XSaiyan is a character development game themed around Super Saiyans. Users can embed a window outside of Twitter and engage in 'play-to-earn' activities by developing Saiyan characters. The continuous significant drop in the token's value has led to dissatisfaction among community members.

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

PENDLE (Token) - On January 11, PENDLE announced the launch of its liquid staking token (LST) eETH on Ether.fi, entering the re-staking/LRTfi field. Pendle LPs depositing eETH will continue to receive all native rewards for eETH, including EigenLayer points, Ether.fi loyalty points, ETH staking yield, and re-staking yield. Pendle's TVL has increased by over $100 million in less than half a month, with its price continuously reaching new highs and demonstrating a counter-trend rise.

6.Blockchain Profile - Base Chain

6.1 User Profile

6.1.1 Core Data

Total Active Users on Base: 78,115

New Active Users on Base: 10,992, with a daily decrease of 79.36%

Existing Active Users on Base: 67,123, with a daily decrease of 40.37%

6.1.2 New User Profile

Core data: There were a total of 10,992 new active users on Base yesterday, with a daily decrease of 79.36%

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. Dmail Network revealed its tokenomic model, with a total of 200 million DMAIL. 6% of these tokens will be used for airdrops, and the token is set to launch on OKX Jumpstart.

6.1.3 Existing User Profile

Core data: The number of Base active existing users is 67,123, with a daily decrease of 40.37%

Popular Sectors

Popular Projects

Key Projects:

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 Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from 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. Following Coinbase's recent announcement to list AERO and VELO tokens, AERO surged nearly 100%.

7. DApp Ecosystem - All Chains

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

8.DApp Ecosystem - ETH Chain

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

9.DApp Ecosystem - BSC

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

10.DApp Ecosystem - Polygon Chain

Jump.Trade (DApp) - Jump.Trade is a significant gaming NFT marketplace on Polygon, where a substantial number of users have recently been trading NFTs. The platform enjoys considerable traffic.

11.DApp Ecosystem - Solana Chain

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

12.DApp Ecosystem - Arbitrum Chain

Camelot (DApp) - Camelot is a decentralized exchange built on Arbitrum, featuring a customizable liquidity infrastructure designed to enhance liquidity and composability in the Arbitrum ecosystem. Besides being a DEX, Camelot also includes a Launchpad to assist projects in the Arbitrum ecosystem with token sales and fundraising.

13.DApp Ecosystem - Base Chain

Aerodrome was described earlier in the report.

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

Altlayer (Token) - The Ethereum scaling project Altlayer has been listed on multiple exchanges, with its market cap surpassing $3 billion. As previously announced in their tokenomics, holders of AltLayer OG Badge NFT, Oh Ottie! NFT, qualified participants of the Altitude promotions, qualified EigenLayer re-stakers, and Celestia stakers are eligible for the airdrop.

16.Gas Fee Consumption - BSC

QnA3.AI (DApp) - A Web3 knowledge-sharing platform based on AI, QnA3.AI has garnered widespread attention on the BNB Chain. The project has initiated a data mining mode, where users can join and use idle computing resources on their devices for tasks like data cleaning and scraping. Contributors of computing power are rewarded with points.

17.Gas Fee Consumption - Polygon Chain

Smart Cat (DApp) - An NFT project launched by Smart Layer, which has very high on-chain popularity. Users can interact with SmartCat NFTs by feeding and cleaning them, and the level of interaction is notably high.

18.Gas Fee Consumption - Arbitrum Chain

Orbiter Finance (DApp) - On January 11, the cross-chain bridge project Orbiter Finance announced on X that it will launch its native token this year as a gesture of gratitude to its loyal community. The project will gradually unveil the tokenomics and distribution plan, ensuring a fair process. Recently, Orbiter completed its Series A funding round, led by OKX Ventures and joined by investors such as Redpoint China, Hash Global, Skyland Ventures, Mask Network, Bas1s Ventures, and Zonff Partners.

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. The Velodrome V2 model inspires the aerodrome's design to incentivize liquidity on the protocol, with some team members coming from 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. Following Coinbase's recent announcement to list AERO and VELO tokens, AERO surged nearly 100%.

20.Top Trending Tokens on Twitter

No data for this segment today due to anomalies in the data source.

21.Google Trends - Global

ALT (Token) - According to AltLayer's official website, the application window for their token airdrop is now open and will remain available until February 25. As previously announced in their tokenomics, holders of AltLayer OG Badge NFT, Oh Ottie! NFT, qualified participants of the Altitude promotions, qualified EigenLayer re-stakers, and Celestia stakers are eligible for the airdrop. AltLayer's Twitter account was compromised early this morning but has since been restored to normal.

MANTA (Token) - Following its listing on exchanges, the price of the Manta Network's token reached a new high after initial price consolidation due to the airdrop sell-off. MantaPacific's TVL has surpassed $1.5 billion, with more than 10 million transactions, and over 731,000 wallet addresses.

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

a) South Asia Region

India Trends: ALT, PENDLE, STX, ARK, UMA

Pakistan Trends: ALT

b) Southeast Asia Region

Philippines Trends: ALT, BTC

Singapore Trends: SOL, SAND, Celestia, AVAX, MANTA, ICP

Vietnam Trends: Crypto News

c) East Asia

Trends: News, BTC

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

a) CIS Region Trends:

Russia Trends: Blast, ARK, MANTA

b) English-speaking Countries

Australia Trends: IOTA, Jupiter, TIA, ARK, IDO, PENDLE, LSK, SAVM

Canada Trends: Cronos, HBAR, Skale, HEX, Kaspa, TAO, Jupiter

UK Trends: GTAI, DIMO, PAMBO, ALT, TRON, SOL

USA Trends: Aleph, LIST, MANTA, ZTX, GTAI, SAVM

c) Europe

Poland Trends: SHIB, ARK, ALT

France Trends: OMI, SC, Aleph, ARK, MANTA

Switzerland Trends: UMA, SOL, ALT

Türkiye Trends: SEL, RSI

Italy Trends: INJ, LUNA, ALT, SOL, GRT

Spain Trends: SATS, ALT, Elrond, UMA, MYRO, ONDO

Germany Trends: BTC, ATOM, MATIC, ALT

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

a) Africa

Nigeria Trends: UNI, Mail

b) Middle East Trends: UNI, News

c) Latin America

Brazil Trends: Pancake, PENDLE, ALT, ONDO, SHIB

Argentina Trends: ALT, ICE, SHIB

Colombia Trends: Betsson

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