DeFi Kingdoms (JEWEL) news

Bitget Research: Mainstream Assets Fluctuate Downwards, Certain Memecoins and New ERC Protocols Offer Some Hype Opportunities

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 19,756, but it has slightly decreased since then. The project’s token price has been listed on Binance Pricing and has increased by 7% in the last 24 hours. ORDI (Token) — As the first token of BRC-20, ORDI represents innovations or institutional layouts in the current BRC-20 sector. It has long maintained the highest trading volume in the BRC-20 ecosystem. The trading volume in the past 24 hours approached US$200 million with 363 transfers. The token has been listed on Bitget. INU (Token) — A meme project with only an official website stating the slogan, “Many have tried, but few have succeeded. I am here to usher in a new era of decentralized currency.” The project had its TGE one day ago. The 24-hour on-chain trading volume is US$13 million, with MEV transactions accounting for US$2.2 million. The number of holders is 1713, with more than 200 interactions per hour. The token’s trading volume is impressive, making it an essential one to stay updated on. BERC (Token) — BERC20’s protocol token, its vision aligns with FERC, aiming for fair distribution of ERC-20 tokens. The token is gaining popularity, with a 24-hour trading volume of US$7.9 million. The total market cap is only US$1.2 million. The token has experienced a rise, and no obvious issues were found in the token contract. The number of unique holders in the last 24 hours is 1574, with a total of 5485 transactions. It is essential to stay updated on this project. Rick & Morty (Token) — This is an American science fiction sitcom animation aired on Adult Swim, revolving around the crazy scientist Rick Sanchez, who is cynical about the world, and his easily frustrated grandson Morty Smith as they navigate through their own life and other space-time adventures. There is no clear connection between the token and the project. The crypto community is currently interested in trading anime memecoins, and both Morty and Rick experience high trading activity. The trading volume of Morty has reached US$6.6 million, while Rick’s trading volume is at US$6.1 million. FERC (Token) — The first token of the FERC-20 protocol, replicating the BRC-20’s fair distribution model on EVM, FERC aims for fairer token distribution. The token contract is not open-source. Despite the tokens being produced in batches through the platform, the contract code’s non-open-source nature always carries potential unknown risks. The project has a 24-hour trading volume of US$8 million, a 55% increase in the last 24 hours, 4186 transactions, and 2117 unique holders. The project showcases some technical innovation and has sparked interest in speculation. It is essential to stay updated on this token. Fair (Token) — A FERC-20 token, Fair’s contract is not public, and its popularity is noticeably weaker than that of FERC. Its 24-hour trading volume is US$ 3.5 million, with only 200 participants. The project may have artificially created the trading activity, but as a token of a new contract standard, it is essential to stay updated on Fair. Pepe (Token) — The token fell 6.5% yesterday, with trading volume increasing to US$6.2 million. As a phenomenal meme, there is still room for speculation. Currently, the price is relatively low and its popularity within the crypto circle is high. It is essential to stay updated on Pepe. The token has been listed on Bitget. SGO (Token) — SafuuGo, a community-driven DeFi project, had its TGE two days ago. The contract has vulnerabilities such as blacklist and trading pause. The current 24-hour DEX trading volume is US$4.7 million, with 16,641 transactions and 5985 unique addresses. The community is well engaged in trading. The token’s value increased by over 50% in the last 24 hours, with a total market cap rising to US$11.9 million. The project has garnered significant attention. LOL (Token) — This is a memecoin with a “Rage Comic” style. It has 1649 members on Telegram. There is no apparent issue with the project’s token. The token price suddenly experienced a 20x increase within 24 hours, followed by a sharp drop. The 24-hour trading volume of the token is US$1.3 million, with 1445 unique addresses. The token carries high market risk, resulting in an unrealized loss for many holders. Xen (Token) — Founder of Xen Crypto and an OG in the crypto circle, Jack Levin announced on social media over the weekend that two significant upgrades will be announced this coming Friday, which could impact Xen’s valuation logic. In addition, a technical update is under iteration, with Xen continuously updating. The XEN token briefly surged by nearly 20% and is currently available for trading on Bitget. LUMP (Token) — The project’s token has contract vulnerabilities related to adjustable tax rates and potential mint functions. There is currently US$170,000 in the DEX liquidity pool. The 24-hour trading volume is US$50,000, with 436 transactions and 333 addresses. Among these, 321 are sell addresses, and only 12 are buy addresses. The number of users leaving the project exceeds first-time investors, indicating a decrease in the project’s popularity. War (Token) — This is a token on Arbitrum without any related project description. The token might be related to the trends in the Russo-Ukrainian war. Its current trading volume is US$3 million on Arbitrum, with 1277 transactions and 398 unique addresses participating in the trade. The token’s liquidity on SushiSwap is US$500,000. Its performance is promising, making it an essential token to stay updated on. 2.Popular NFTs: Tabi Artifact Chest (NFT) — Tabi’s NFT treasure chests contain valuable items and are waiting for users to complete related tasks in order to open them. Tabi is an NFT trading marketplace on the Binance Smart Chain (BSC). The issued treasure chests can be considered vampire attacks on other competitive NFT Marketplaces. Currently, no trading records exist, and the project has 191,309 unique addresses holding treasure chests. Mainnet Alpha (NFT) — There is not much introduction about the project on OpenSea. The total number of NFTs is 3613, with 3546 unique holders. The total trading volume on OpenSea is 0.0263 ETH at present, and the floor price has reached 15 Matic. It is essential to stay updated on this NFT. 3.Popular DApps: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 763,000 unique wallet addresses on the zkSync Era mainnet, with 333,000 ETH bridged to zkSync and a total of 921,000 transfers. Additionally, users can use https://byfishh.github.io/zk-flow/ to check the interaction frequency of their wallet with zkSync. Combined with the data from Dune’s dashboard, they can create high-quality accounts and get potential airdrop quotas in the future. Starknet (DApp) — Starknet is about to launch Starknet Alpha v0.12.0, focusing on improving network throughput to improve scalability and transaction latency. To achieve this goal, a new Rust implementation has been introduced for the sequencer. Starknet is often criticized for its poor user experience and transaction failures, necessitating ongoing technical updates. MEV Bot (DApp) — As the hype around memecoins begins to cool down, Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. Conversely, it is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid attacks by MEV Bot. FIFA Claim (DApp) — Based on the on-chain interactions, users can apply to the project to obtain FIFA tokens, with the claim value currently around US$3–4. A large number of claims have resulted in a significant drop in the token’s value, with a 5% decrease in the last 24 hours. Participation in the project can yield corresponding rewards, making it an essential token to stay updated on. Circle (DApp) — On June 1st, Arbitrum and Circle publicly announced that Circle will launch native USDC on Arbitrum. Users and DeFi projects can convert cross-chain USDC assets into Circle’s native USDC assets. LayerSwap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. By depositing funds into the Argent and Starknet ecosystems via LayerSwap, users can get future NFT airdrop rewards. The promotion will end on June 6th, and the DApp is currently experiencing high usage among new users. It is essential to stay updated on LayerSwap. ISKRA (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. ISKRA recently announced the launch of World of WIN, generating a significant buzz in the community. Trader Joe (DApp) — A DeFi protocol on Avalanche, Arbitrum, and BNB. On June 1, it announced that its automatic pool function had been launched. This function offers more efficient liquidity market-making solutions, gaining the attention of DeFi users. Stargate (DApp) — The project has recently completed a total of $10 billion in on-chain transfers and transactions. Stargate’s Farming pool provides single-token staking functionality for various stablecoins and mainstream tokens, providing a steady income. Its interaction data is in a leading position on Arbitrum. After a security incident on Multichain, Stargate first revoked the USDC pool, then continued to provide cross-chain operations for STG, WOO, and other tokens’ Fantom assets. It is currently one of the main outlets for Fantom assets. Trade Signal (DApp) — A provider of cryptocurrency trade signals and gambling games. It offers the latest news, analysis, and overview of the crypto market, occasionally introducing high-potential, high-risk shitcoins. There is a referral program, where one can earn a 10% registration fee from the smart contract by referring a new user. Additionally, their gambling product awards 1 BNB to a lucky winner every day. Pinksale (DApp) — Pinksale, a community-oriented IDO platform, recently promoted funding for several meme projects. As memecoins are traffic-oriented, Pinksale has gained good exposure in the process of promoting these projects. Some recent projects that conducted IDOs on the platform include Hongkong Doge, X Project, BiaoToken, ACE Team, and Froggo In Love. WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens. SuperWalk (DApp) — A Move to Earn project backed by the South Korean gaming giant WeMade. It recently garnered significant attention through an NFT shoes giveaway event on Twitter. The project has strong ties to the Korean market, with a user base primarily composed of Koreans. Defi Kingdoms (DApp) — A cross-chain MMORPG that allows players to earn money through gaming, featuring a DEX, liquidity pool opportunities, and a rare, utility-driven NFT marketplace. The project token has experienced a significant drop from its all-time high, with a current daily trading volume of around $100,000. The recent rise in UAW is primarily influenced by giveaways of related in-game items on Twitter. Layer zero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. On June 2, it announced a partnership with Level Finance. The on-chain interactions hit a new record in May, exceeding 285,000 transfers in a single day, indicating extremely high activity. Galxe (DApp) — A Web3 task platform, Galxe initiated new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%. 4.Twitter Hot Topics: Data Source Anomaly, No Data Available at the Moment. 5.Regional Trending Searches: BTC (Token) — BTC has been sluggish since breaking below US$27,500, with a significant reduction in market liquidity. The volatility over the weekend was only US$200, reverting back to the fluctuation range of US$26,000-US$27,000. At present, the probability of no interest rate hike on June 15 is increasing. However, there is a growing market view that an additional hike might occur in July to curb the high inflation in the US. In general, it’s difficult for BTC to break away from the market trends at the moment, as it is affected by the liquidity and bond crisis in the US. Most investors are watching the next moves of the Federal Reserve, leading to a further downturn in the crypto market. Luna (Token) — Terra Classic (LUNC) L1 team released an upgrade proposal for v2.1.0, aiming to enhance its performance and security. This upgrade is planned to be launched in the coming weeks. The proposal will be voted on around June 7 and is scheduled to be upgraded on June 14. In addition, D.K.’s bail by the court has a certain stimulating effect on both LUNA and LUNC. VR Sector (Token) — As Apple is about to launch MR devices, metaverse tokens such as SAND, MANA, and APE have seen a rise in value. There is an increased interest in tokens related to the VR sector. However, as market expectations are about to be met, the space for speculation is relatively limited for the tokens in this sector. It is essential to stay updated on leading products like RNDR. Main Body Written by: Bitget Research Data collection time: June 5, 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) 1.BTC Profile — BRC-20 OXBT (Token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 19,756, but it has slightly decreased since then. The project’s token price has been listed on Binance Pricing and has increased by 7% in the last 24 hours. For reference, see https://www.binance.com/en/price/oxbt ORDI (Token) — As the first token of BRC-20, ORDI represents innovations or institutional layouts in the current BRC-20 sector. It has long maintained the highest trading volume in the BRC-20 ecosystem. The trading volume in the past 24 hours approached US$200 million with 363 transfers. The token has been listed on Bitget. https://www.bitget.com/en/spot/ORDIUSDT_SPBL?type=spot 2.Blockchain Profile — ETH Chain 2.1 User Profile 2.1.1 Core Data Total active users of ETH: 385,816 New active users of ETH: 71,716, with a daily decrease of 5.19% Existing active users of ETH: 314,100, with a daily decrease of 6.07% 2.1.2 New User Profile Core data: There were a total of 71,716 new active users on ETH yesterday, with a daily decrease of 5.19% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 763,000 unique wallet addresses on the zkSync Era mainnet, with 333,000 ETH bridged to zkSync and a total of 921,000 transfers. Additionally, users can use https://byfishh.github.io/zk-flow/ to check the interaction frequency of their wallet with zkSync. Combined with the data from Dune’s dashboard, they can create high-quality accounts and get potential airdrop quotas in the future. Starknet (DApp) — Starknet is about to launch Starknet Alpha v0.12.0, focusing on improving network throughput to improve scalability and transaction latency. To achieve this goal, a new Rust implementation has been introduced for the sequencer. Starknet is often criticized for its poor user experience and transaction failures, necessitating ongoing technical updates. 2.1.3 Existing User Profile Core data: The number of ETH active existing users is 314,100, with a daily decrease of 6.07% Popular Sectors Popular Projects Key Projects: MEV Bot (DApp) — As the hype around memecoins begins to cool down, Mevbot has become a major contributor to Gas consumption on the ETH chain. Generally, the deeper the token liquidity pool, the lower the slippage when trading tokens, and the lower the probability of MEV attacks. Conversely, it is essential that users set a good trading slippage when trading memecoins to ensure successful token purchases and avoid attacks by MEV Bot. 2.2 Popular Trading Pairs 2.2.1 Uniswap V2 INU (Token) — A meme project with only an official website stating the slogan, “Many have tried, but few have succeeded. I am here to usher in a new era of decentralized currency.” The project had its TGE one day ago. The 24-hour on-chain trading volume is US$13 million, with MEV transactions accounting for US$2.2 million. The number of holders is 1713, with more than 200 interactions per hour. The token’s trading volume is impressive, making it an essential one to stay updated on. https://dexscreener.com/ethereum/0x1e065a652c48c8e33f63ee97a2de17375ce5fb8d BERC (Token) — BERC20’s protocol token, its vision aligns with FERC, aiming for fair distribution of ERC-20 tokens. The token is gaining popularity, with a 24-hour trading volume of US$7.9 million. The total market cap is only US$1.2 million. The token has experienced a rise, and no obvious issues were found in the token contract. The number of unique holders in the last 24 hours is 1574, with a total of 5485 transactions. It is essential to stay updated on this project. https://dexscreener.com/ethereum/0xcb4e7a3db6526f5738b9076098b190b87e81a976 Rick & Morty (Token) — This is an American science fiction sitcom animation aired on Adult Swim, revolving around the crazy scientist Rick Sanchez, who is cynical about the world, and his easily frustrated grandson Morty Smith as they navigate through their own life and other space-time adventures. There is no clear connection between the token and the project. The crypto community is currently interested in trading anime memecoins, and both Morty and Rick experience high trading activity. The trading volume of Morty has reached US$6.6 million, while Rick’s trading volume is at US$6.1 million. https://dexscreener.com/ethereum/0x0eddb3da7e77ab4f5f1f636f711b320e6225c46d https://dexscreener.com/ethereum/0xea639dfb59d652ab056a2194ff3d9d7ad9744d07 2.2.2 Uniswap V3 FERC (Token) — The first token of the FERC-20 protocol, replicating the BRC-20’s fair distribution model on EVM, FERC aims for fairer token distribution. The token contract is not open-source. Despite the tokens being produced in batches through the platform, the contract code’s non-open-source nature always carries potential unknown risks. The project has a 24-hour trading volume of US$8 million, a 55% increase in the last 24 hours, 4186 transactions, and 2117 unique holders. The project showcases some technical innovation and has sparked interest in speculation. It is essential to stay updated on this token. https://dexscreener.com/ethereum/0x253c06b22d4b67b675ea7d2fd48422e62c394d7e Fair (Token) — A FERC-20 token, Fair’s contract is not public, and its popularity is noticeably weaker than that of FERC. Its 24-hour trading volume is US$ 3.5 million, with only 200 participants. The project may have artificially created the trading activity, but as a token of a new contract standard, it is essential to stay updated on Fair. https://dexscreener.com/ethereum/0x5bdf7de69833ac2197828047455a6512d6c21d1d Pepe (Token) — The token fell 6.5% yesterday, with trading volume increasing to US$6.2 million. As a phenomenal meme, there is still room for speculation. Currently, the price is relatively low and its popularity within the crypto circle is high. It is essential to stay updated on Pepe. The token has been listed on Bitget. https://www.bitget.com/en/spot/PEPEUSDT_SPBL?type=spot 3.Blockchain Profile — BSC Chain 3.1 User Profile 3.1.1 Core Data Total active users on BSC: 1,222,303 New active users on BSC: 182,173, with a daily decrease of 9.80% Existing active users on BSC: 1,040,130, with a daily decrease of 10.52% 3.1.2 New User Profile Core data: There were a total of 182,173 new active users on BSC yesterday, with a daily decrease of 9.80% Popular Sectors Popular Projects Key Projects: Tabi Artifact Chest (NFT) — Tabi’s NFT treasure chests contain valuable items and are waiting for users to complete related tasks in order to open them. Tabi is an NFT trading marketplace on the Binance Smart Chain (BSC). The issued treasure chests can be considered vampire attacks on other competitive NFT Marketplaces. Currently, no trading records exist, and the project has 191,309 unique addresses holding treasure chests. https://opensea.io/collection/tabi-artifact-chest 3.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,040,130, with a daily decrease of 10.52% Popular Sectors Popular Projects Key Projects: FIFA Claim (DApp) — Based on the on-chain interactions, users can apply to the project to obtain FIFA tokens, with the claim value currently around US$3–4. A large number of claims have resulted in a significant drop in the token’s value, with a 5% decrease in the last 24 hours. Participation in the project can yield corresponding rewards, making it an essential token to stay updated on. 3.2 Popular Trading Pairs 3.2.1 PancakeSwap V2 SGO (Token) — SafuuGo, a community-driven DeFi project, had its TGE two days ago. The contract has vulnerabilities such as blacklist and trading pause. The current 24-hour DEX trading volume is US$4.7 million, with 16,641 transactions and 5985 unique addresses. The community is well engaged in trading. The token’s value increased by over 50% in the last 24 hours, with a total market cap rising to US$11.9 million. The project has garnered significant attention. https://dexscreener.com/bsc/0x2fb44657dcffa8de2b0fd6f07bb2e4796e4b7680 LOL (Token) — This is a memecoin with a “Rage Comic” style. It has 1649 members on Telegram. There is no apparent issue with the project’s token. The token price suddenly experienced a 20x increase within 24 hours, followed by a sharp drop. The 24-hour trading volume of the token is US$1.3 million, with 1445 unique addresses. The token carries high market risk, resulting in an unrealized loss for many holders. https://dexscreener.com/bsc/0x90d3aaa53493704723472a461994195971b2b753 4.Blockchain Profile — Polygon Chain 4.1 User Profile 4.1.1 Core Data Total active users on Polygon: 442,894 New active users on Polygon: 152,985, with a daily increase of 21.85% Existing active users on Polygon: 289,909, with a daily decrease of 0.87% 4.1.2 New User Profile Core data: There were a total of 152,985 new active users on Polygon yesterday, with a daily increase of 21.85% Popular Sectors Popular Projects Key Projects: Xen (Token) — Founder of Xen Crypto and an OG in the crypto circle, Jack Levin announced on social media over the weekend that two significant upgrades will be announced this coming Friday, which could impact Xen’s valuation logic. In addition, a technical update is under iteration, with Xen continuously updating. The XEN token briefly surged by nearly 20% and is currently available for trading on Bitget. https://www.bitget.com/en/spot/XENUSDT_SPBL?type=spot 4.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 289,909, with a daily decrease of 0.87% Popular Sectors Popular Projects Key Projects: Mainnet Alpha (NFT) — There is not much introduction about the project on OpenSea. The total number of NFTs is 3613, with 3546 unique holders. The total trading volume on OpenSea is 0.0263 ETH at present, and the floor price has reached 15 Matic. It is essential to stay updated on this NFT. https://opensea.io/collection/mainnet-alpha-10 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 LUMP (Token) — The project’s token has contract vulnerabilities related to adjustable tax rates and potential mint functions. There is currently US$170,000 in the DEX liquidity pool. The 24-hour trading volume is US$50,000, with 436 transactions and 333 addresses. Among these, 321 are sell addresses, and only 12 are buy addresses. The number of users leaving the project exceeds first-time investors, indicating a decrease in the project’s popularity. 5.Blockchain Profile — Arbitrum Chain 5.1 User Profile 5.1.1 Core Data Arbitrum Active Users: 212,070 Arbitrum New Active Users: 49,976, with a daily increase of 8.85% Arbitrum Existing Active Users: 162,094, with a daily increase of 2.84% 5.1.2 New User Profile Core data: There were a total of 49,976 new active users on Arbitrum yesterday, with a daily increase of 8.85% Popular Sectors Popular Projects Key Projects: LayerSwap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. By depositing funds into the Argent and Starknet ecosystems via LayerSwap, users can get future NFT airdrop rewards. The promotion will end on June 6th, and the DApp is currently experiencing high usage among new users. It is essential to stay updated on LayerSwap. 5.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 162,094, with a daily increase of 2.84% Popular Sectors Popular Projects Key Projects: OERC Doge Token (Token) — The liquidity pool of the token is only US$4000, and the current total market cap is only US$24,000. It has a 24-hour trading volume of US$36,000, with 624 transactions. Its scale and popularity are average. It is essential to stay updated on this token. Circle (DApp) — On June 1st, Arbitrum and Circle publicly announced that Circle will launch native USDC on Arbitrum. Users and DeFi projects can convert cross-chain USDC assets into Circle’s native USDC assets. Related information can be found here: https://arbitrumfoundation.medium.com/usdc-to-come-natively-to-arbitrum-f751a30e3d83 5.2 Popular Trading Pairs 5.2.1 Uniswap V3 War (Token) — This is a token on Arbitrum without any related project description. The token might be related to the trends in the Russo-Ukrainian war. Its current trading volume is US$3 million on Arbitrum, with 1277 transactions and 398 unique addresses participating in the trade. The token’s liquidity on SushiSwap is US$500,000. Its performance is promising, making it an essential token to stay updated on. https://dexscreener.com/arbitrum/0x025471b2b9e2289b2e4d66073e17684a5e08b605 6.DApp Ecosystem — All Chains ISKRA (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. ISKRA recently announced the launch of World of WIN, generating a significant buzz in the community. Trader Joe (DApp) — A DeFi protocol on Avalanche, Arbitrum, and BNB. On June 1, it announced that its automatic pool function had been launched. This function offers more efficient liquidity market-making solutions, gaining the attention of DeFi users. 7.DApp Ecosystem — ETH Chain Stargate (DApp) — The project has recently completed a total of $10 billion in on-chain transfers and transactions. Stargate’s Farming pool provides single-token staking functionality for various stablecoins and mainstream tokens, providing a steady income. Its interaction data is in a leading position on Arbitrum. After a security incident on Multichain, Stargate first revoked the USDC pool, then continued to provide cross-chain operations for STG, WOO, and other tokens’ Fantom assets. It is currently one of the main outlets for Fantom assets. 8.DApp Ecosystem — BSC Chain Trade Signal (DApp) — A provider of cryptocurrency trade signals and gambling games. It offers the latest news, analysis, and overview of the crypto market, occasionally introducing high-potential, high-risk shitcoins. There is a referral program, where one can earn a 10% registration fee from the smart contract by referring a new user. Additionally, their gambling product awards 1 BNB to a lucky winner every day. Pinksale (DApp) — Pinksale, a community-oriented IDO platform, recently promoted funding for several meme projects. As memecoins are traffic-oriented, Pinksale has gained good exposure in the process of promoting these projects. Some recent projects that conducted IDOs on the platform include Hongkong Doge, X Project, BiaoToken, ACE Team, and Froggo In Love. 9.DApp Ecosystem — Polygon Chain WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens. 10.DApp Ecosystem — WAX Chain In the WAX ecosystem, apart from the top three projects whose UAW is at a high level, the popularity of other projects is just average. The UAW of the overall chain ecosystem projects is within the normal fluctuation range. 11.DApp Ecosystem — Solana Chain Larix (DApp) — A project on Solana with a zero-lending rate. The progress of product updates is relatively slow. The increase in UAW yesterday is likely due to the decent performance of SOL’s price. The total UAW is low, necessitating continued observation. 12.DApp Ecosystem — Arbitrum Chain The DApps with high UAW in the Arbitrum ecosystem are still DeFi projects. With low interaction costs, Arbitrum provides an excellent Layer 2 for DeFi project deployment. 13.DApp Ecosystem — GameFi Sector Across All Chains SuperWalk (DApp) — A Move to Earn project backed by the South Korean gaming giant WeMade. It recently garnered significant attention through an NFT shoes giveaway event on Twitter. The project has strong ties to the Korean market, with a user base primarily composed of Koreans. Defi Kingdoms (DApp) — A cross-chain MMORPG that allows players to earn money through gaming, featuring a DEX, liquidity pool opportunities, and a rare, utility-driven NFT marketplace. The project token has experienced a significant drop from its all-time high, with a current daily trading volume of around $100,000. The recent rise in UAW is primarily influenced by giveaways of related in-game items on Twitter. 14.Gas Fee Consumption — ETH Chain zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 763,000 unique wallet addresses on the zkSync Era mainnet, with 333,000 ETH bridged to zkSync and a total of 921,000 transfers. Additionally, users can use https://byfishh.github.io/zk-flow/ to check the interaction frequency of their wallet with zkSync. Combined with the data from Dune’s dashboard, they can create high-quality accounts. 15.Gas Fee Consumption — BSC Chain Layer zero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. On June 2, it announced a partnership with Level Finance. The on-chain interactions hit a new record in May, exceeding 285,000 transfers in a single day, indicating extremely high activity. 16.Gas Fee Consumption — Polygon Chain XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 17.Gas Fee Consumption — Arbitrum Chain Galxe (DApp) — A Web3 task platform, Galxe initiated new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%. 18.Twitter Trends Token Top 20 Data Source Anomaly, No Data Available at the Moment. 19.Google Trends — Global BTC (Token) — BTC has been sluggish since breaking below US$27,500, with a significant reduction in market liquidity. The volatility over the weekend was only US$200, reverting back to the fluctuation range of US$26,000-US$27,000. At present, the probability of no interest rate hike on June 15 is increasing. However, there is a growing market view that an additional hike might occur in July to curb the high inflation in the US. In general, it’s difficult for BTC to break away from the market trends at the moment, as it is affected by the liquidity and bond crisis in the US. Most investors are watching the next moves of the Federal Reserve, leading to a further downturn in the crypto market. Luna (Token) — Terra Classic (LUNC) L1 team released an upgrade proposal for v2.1.0, aiming to enhance its performance and security. This upgrade is planned to be launched in the coming weeks. The proposal will be voted on around June 7 and is scheduled to be upgraded on June 14. In addition, D.K.’s bail by the court has a certain stimulating effect on both LUNA and LUNC. VR Sector (Token) — As Apple is about to launch MR devices, metaverse tokens such as SAND, MANA, and APE have seen a rise in value. There is an increased interest in tokens related to the VR sector. However, as market expectations are about to be met, the space for speculation is relatively limited for the tokens in this sector. It is essential to stay updated on leading products like RNDR. 20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: XRP, LUNA, LUNC Pakistan Trending Keywords: crypto meaning in urdu, fear and greed index, crypto profit calculator b) Southeast Asia Region Indonesia Trending Keywords: mining crypto gratis, crypto bubble, crypto business Malaysia Trending Keywords: Luna crypto, away from the crypto Vietnam Trending Keywords: crypto invest stretch to earn, crypto news Philippines Trending Tokens: TRX c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: crypto meaning, crypto currency, crypto news, crypto in Chinese 21.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: dune crypto, airdrop crypto, crypto casino b) English-speaking Countries Australia Trending Tokens: NGS, XRP, LUNA, XEN, QNT, SOL UK Trending Tokens: CFX, RNDR, XRP, LUNA USA Trending Tokens: FET, SAND Canada Trending Tokens: LUNA, SAND c) Europe Spain Trending Tokens: LUNA, SOL, LINA, XLM, LUNC France Trending Tokens: LUNC, USTC, MANA, OP Germany Trending Tokens: XRP, BTC Italy Trending Tokens: SLP, SOL, GRT, SHIB, MATIC, XLM Poland Trending Tokens: PEPE, XEN, BTC Switzerland Trending Keywords: Crypto news, coinmarketcap Turkey Trending Tokens: GPT; Trending Keywords: crypto ramco twitter, crypto marketcap, crypto fund trader 22.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: Crypto bot, What is crypto, crypto mining, bomb crypto, crypto news today; Trending Tokens: XRP, JUNO b) Middle East Trending Keywords: crypto news, crypto exchange dubai, coinmarketcap c) Latin America Brazil Trending Tokens: LUNA Argentina Trending Tokens: DAI, PEPE, LUNA

Bitget Research: The Lifespan of Memecoins Continues to Shorten, BTC Struggles to Surge and Breaks Below Key Support Level of US$27,500

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 32,962 holders, on-chain liquidity of US$2.33 million, and a trading volume of US$9.89 million in the last 24 hours. The token is very volatile, making it essential to observe its performance. DIP (Token) — The IP is derived from “buy the dip”. It has 1194 followers on Twitter, with some influencers recommending it. Currently, the on-chain liquidity is US$165,000, and the trading volume in the last 24 hours is US$8.51 million. The token is very volatile, with a drop of 95% today. No major risks have been detected in the contract. It is essential to observe its performance. Tuzki (Token) — The IP is derived from the Tuzki meme. It has 640 followers on Twitter. The token was launched two days ago, with on-chain liquidity of US$165,000, and a trading volume of US$9.83 million in the last 24 hours. The token has 1486 holders. Contract inspection reveals transaction cooldown and anti-whale measures. It is essential to observe its performance. SIM (Token) — This memecoin is created by the founder of hotcafe, who has more than 970,000 followers on Instagram. The on-chain liquidity of the token is US$136,000, with a 24-hour trading volume of US$8 million. The token was launched through pre-sale, yielding more than 10x profit for early participants. However, the token is highly volatile, with a drop of 39% today, and there’s a risk that it breaks its previous support level. BIAO (Token) — This is a meme in the Chinese-speaking region, with its name deriving from a Chinese character. The token has on-chain liquidity of US$12,400, a 24-hour trading volume of US$20.8 million, and 3750 holders. The price saw a drastic drop of 61% yesterday. Contract checks reveal the risk of external calls. It is essential to observe its performance. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$8.98 million, and the trading volume in the last 24 hours is US$17.34 million, with 9529 holders. The token has been listed on Bitget. WOMBAT (Token) — According to feedback from community users, it is a meme created by an NFT whale, with RFD’s developer helping the whale add liquidity on Uniswap V3. Numerous users have reported noticing several large buy orders after it was introduced. Currently, the token’s on-chain liquidity is US$692,000, with a 24-hour trading volume of US$12 million. The token has experienced a 69% drop in the last 24 hours. The contract has shown no issues. It is essential to observe its performance. OMAX (Token) — Positioned as a POS chain, the project released its 2023 roadmap on May 29th. Stimulated by the news, the token started to rebound, but the on-chain trading volume in the last 24 hours was only US$8740, with liquidity of US$482,000. It is essential to observe its performance. MOJAK (Token) — This token seems to be WOJAK’s replica. It has on-chain liquidity of US$147,000, a trading volume of US$5.12 million in the last 24 hours, and 859 holders. The contract has shown no issues. It is essential to stay updated on this token. RIA (Token) — Positioned as a card battle game, it updated a new game mode on May 25th with PVP set to launch. Additionally, the beginner game characters have also been successfully designed. Stimulated by this news, the token has increased by 28% in the last 24 hours, but the trading volume is only US$32,000. It is essential to observe the project’s performance. PEPER (Token) — A replica of PEPE on Arbitrum. The current on-chain liquidity is US$494,000, and the trading volume in the last 24 hours is US$1.09 million. Contract checks reveal issues such as potential mint and blacklist functions. It is essential to observe its performance. BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance. NALS (Token) — Merged with Ordi to form Ordinals, currently the second in terms of trading volume on the entire network. It has a good consensus associated with ORDI. In the past 24 hours, the trading volume is nearly US$930,000, with 154 transfers. The token has been listed on Bitget. WHEE (Token) — A BRC-20 memecoin. Influencer @markjeffrey, who has 53,500 followers on Twitter, has recommended the token several times. Many users in Shenzhen have repeatedly promoted it in WeChat groups. The token is highly popular, and there are many active users in the community. The 24-hour trading volume is US$180,000, with 1405 transfers. It is essential to stay updated on this token. 2.Popular NFTs: Relation Medal-related NFT (NFT) — The project positions itself as the semantic layer of Ethereum, constructing a multi-chain social network through the relationships between addresses. Currently, the number of social nodes has reached 4.27 million, with 438,000 semantic SBT generated. App developers can use Relation to precisely target users, expanding their user base while helping Relation establish more relationship networks. The project’s product is very meaningful and has a fast development iteration. The team is currently based in Hong Kong. Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 42,000 holders. Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 influencers following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume. 3.Popular DApps: Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 702,000 unique wallet addresses on the zkSync Era mainnet, with 290,000 ETH bridged to zkSync and a total of 846,000 transfers. PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs. Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market. 4.Twitter Hot Topics: Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project. 5.Regional Trending Searches: LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly. Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly. Main Body Written by: Bitget Research Data collection time: May 31, 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) 1.BTC Profile — BRC-20 NALS (Token) — Merged with Ordi to form Ordinals, currently the second in terms of trading volume on the entire network. It has a good consensus associated with ORDI. In the past 24 hours, the trading volume is nearly US$930,000, with 154 transfers. The token has been listed on Bitget. WHEE (Token) — A BRC-20 memecoin. Influencer @markjeffrey, who has 53,500 followers on Twitter, has recommended the token several times. Many users in Shenzhen have repeatedly promoted it in WeChat groups. The token is highly popular, and there are many active users in the community. The 24-hour trading volume is US$180,000, with 1405 transfers. It is essential to stay updated on this token. 2.Blockchain Profile — ETH Chain 2.1 User Profile 2.1.1 Core Data Total active users of ETH: 451,524 New active users of ETH: 73,877, with a daily increase of 0.38% Existing active users of ETH: 377,647, with a daily increase of 14.86% 2.1.2 New User Profile Core data: There were a total of 73,877 new active users on ETH yesterday, with a daily increase of 0.38% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 702,000 unique wallet addresses on the zkSync Era mainnet, with 290,000 ETH bridged to zkSync and a total of 846,000 transfers. 2.1.3 Existing User Profile Core data: The number of ETH active existing users is 377,647, with a daily increase of 14.86% Popular Sectors Popular Projects Key Projects: LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 32,962 holders, on-chain liquidity of US$2.33 million, and a trading volume of US$9.89 million in the last 24 hours. The token is very volatile, making it essential to observe its performance. 2.2 Popular Trading Pairs 2.2.1 Uniswap V2 DIP (Token) — The IP is derived from “buy the dip”. It has 1194 followers on Twitter, with some influencers recommending it. Currently, the on-chain liquidity is US$165,000, and the trading volume in the last 24 hours is US$8.51 million. The token is very volatile, with a drop of 95% today. No major risks have been detected in the contract. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x391f7bbaad479f5fdd2faaebe6faf0b6501ba305 Tuzki (Token) — The IP is derived from the Tuzki meme. It has 640 followers on Twitter. The token was launched two days ago, with on-chain liquidity of US$165,000, and a trading volume of US$9.83 million in the last 24 hours. The token has 1486 holders. Contract inspection reveals transaction cooldown and anti-whale measures. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x6155c81db52a4c6628c559be0af10f6d87bb7d2e SIM (Token) — This memecoin is created by the founder of hotcafe, who has more than 970,000 followers on Instagram. The on-chain liquidity of the token is US$136,000, with a 24-hour trading volume of US$8 million. The token was launched through pre-sale, yielding more than 10x profit for early participants. However, the token is highly volatile, with a drop of 39% today, and there’s a risk that it breaks its previous support level. https://www.dextools.io/app/en/ether/pair-explorer/0xfca56538aae326af3ba0b0f28e9ad6c1afbfb7ec BIAO (Token) — This is a meme in the Chinese-speaking region, with its name deriving from a Chinese character. The token has on-chain liquidity of US$12,400, a 24-hour trading volume of US$20.8 million, and 3750 holders. The price saw a drastic drop of 61% yesterday. Contract checks reveal the risk of external calls. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0x8296d84e911e0c1f827e1e7d4b50c2568e807b36 2.2.2 Uniswap V3 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$8.98 million, and the trading volume in the last 24 hours is US$17.34 million, with 9529 holders. The token has been listed on Bitget. WOMBAT (Token) — According to feedback from community users, it is a meme created by an NFT whale, with RFD’s developer helping the whale add liquidity on Uniswap V3. Numerous users have reported noticing several large buy orders after it was introduced. Currently, the token’s on-chain liquidity is US$692,000, with a 24-hour trading volume of US$12 million. The token has experienced a 69% drop in the last 24 hours. The contract has shown no issues. It is essential to observe its performance. https://www.dextools.io/app/en/ether/pair-explorer/0xf522c0f04dbb5b07610d7b2f67f018dab4a28df5 3.Blockchain Profile — BSC Chain 3.1 User Profile 3.1.1 Core Data Total active users on BSC: 1,517,348 New active users on BSC: 229,409, with a daily increase of 17.34% Existing active users on BSC: 1,287,939, with a daily increase of 11.11% 3.1.2 New User Profile Core data: There were a total of 229,409 new active users on BSC yesterday, with a daily increase of 17.34% Popular Sectors Popular Projects Key Projects: Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. 3.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,287,939, with a daily increase of 11.11% Popular Sectors Popular Projects Key Projects: PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 3.2 Popular Trading Pairs 3.2.1 PancakeSwap V2 OMAX (Token) — Positioned as a POS chain, the project released its 2023 roadmap on May 29th. Stimulated by the news, the token started to rebound, but the on-chain trading volume in the last 24 hours was only US$8740, with liquidity of US$482,000. It is essential to observe its performance. MOJAK (Token) — This token seems to be WOJAK’s replica. It has on-chain liquidity of US$147,000, a trading volume of US$5.12 million in the last 24 hours, and 859 holders. The contract has shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x62b6a2ad9852681abb6cd3fdc43c9b35bf25ea20 4.Blockchain Profile — Polygon Chain 4.1 User Profile 4.1.1 Core Data Total active users on Polygon: 487,901 New active users on Polygon: 131,222, with a daily increase of 14.60% Existing active users on Polygon: 356,679, with a daily increase of 0.54% 4.1.2 New User Profile Core data: There were a total of 131,222 new active users on Polygon yesterday, with a daily increase of 14.60% Popular Sectors Popular Projects Key Projects: Relation Medal-related NFT (NFT) — The project positions itself as the semantic layer of Ethereum, constructing a multi-chain social network through the relationships between addresses. Currently, the number of social nodes has reached 4.27 million, with 438,000 semantic SBT generated. App developers can use Relation to precisely target users, expanding their user base while helping Relation establish more relationship networks. The project’s product is very meaningful and has a fast development iteration. The team is currently based in Hong Kong. 4.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 356,679, with a daily increase of 0.54% Popular Sectors Popular Projects Key Projects: Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 42,000 holders. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 RIA (Token) — Positioned as a card battle game, it updated a new game mode on May 25th with PVP set to launch. Additionally, the beginner game characters have also been successfully designed. Stimulated by this news, the token has increased by 28% in the last 24 hours, but the trading volume is only US$32,000. It is essential to observe the project’s performance. https://www.dextools.io/app/en/polygon/pair-explorer/0x78a750ca5f8dd1ef1c87e29e8a267ff4c8d12b38 5.Blockchain Profile — Arbitrum Chain 5.1 User Profile 5.1.1 Core Data Arbitrum Active Users: 334,553 Arbitrum New Active Users: 108,259, with a daily increase of 124.93% Arbitrum Existing Active Users: 226,294, with a daily increase of 42.86% 5.1.2 New User Profile Core data: There were a total of 108,259 new active users on Arbitrum yesterday, with a daily increase of 124.93% Popular Sectors Popular Projects Key Projects: Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community. 5.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 226,294, with a daily increase of 42.86% Popular Sectors Popular Projects Key Projects: Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. It has recently started collaborating closely with Canto. Projects in the Canto ecosystem can complete asset transfers to the EVM ecosystem, which is a significant benefit to the Canto ecosystem. 5.2 Popular Trading Pairs 5.2.1 Uniswap V3 GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH. PEPER (Token) — A replica of PEPE on Arbitrum. The current on-chain liquidity is US$494,000, and the trading volume in the last 24 hours is US$1.09 million. Contract checks reveal issues such as potential mint and blacklist functions. It is essential to observe its performance. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x5bc9415d3a5acb558dd56942ab8b74d1e1a0fb3b 6.DApp Ecosystem — All Chains Tinytap (DApp) — The platform’s EDU token unlock on the 28th of each month, including for marketing, liquidity, early contributors, and the ecosystem fund, unlocking 21.19 million EDU per month. According to on-chain data, yesterday 4,166,667 EDU (worth about US$5.12 million) were transferred to Binance. The community reacted negatively to this, after which the official response was that the 4.16 million EDU transferred to Binance will be used to provide liquidity. Nevertheless, the token price has fallen 17% within the past 24 hours. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. It recently announced a partnership with Near Protocol and will operate on Near. It will initially use FastAuth, a Web3 entry-level product developed by Near. The UAW has significantly increased today. It is essential to stay updated on the developments regarding the Near ecosystem. 7.DApp Ecosystem — ETH Chain Uniswap (DApp) — The market sentiment remains unfavorable. Apart from Uniswap, which continues to grow, other Ethereum-based DApps have experienced varying degrees of decline in UAW. 8.DApp Ecosystem — BSC Chain Galxe (DApp) — A Web3 task platform, Galxe released today new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%. QuestN (DApp) — Today, QuestN will host multiple Twitter Space events with Zksync ecosystem projects, including Goal3, KaratDAO, Star, Blade, and Izumi, among others. It will also jointly conduct the Pandora’s World promotion to provide opportunities to win future airdrops. 9.DApp Ecosystem — Polygon Chain Philand (DApp) — A social task platform based on ENS and on-chain/off-chain wallet activity, providing a visualization of on-chain identity. Today, it carries out Polygon Quests promotion, including cross-chain bridge, transactions, spending gas, and contract deployment. 10.DApp Ecosystem — WAX Chain Farmers World (DApp) — A farming mining game built on WAX. The project updated its functionality today for depositing FarmerCoins, allowing the transfer of staked tokens to other farmers, and reducing consumption. The UAW has shown a prominent increase in the gaming sector. 11.DApp Ecosystem — Solana Chain Genopets (DApp) — A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project’s investors include well-known organizations like Pantera, Konvoy, and Solana. Its latest version 0.25 has made some functional updates to enhance user experience. 12.DApp Ecosystem — Arbitrum Chain Bungee (DApp) — A cross-chain aggregator with high airdrop expectations and overall project operation popularity. It offers a cross-chain aggregation product called Socket, which launched its incentivized testnet in May. Its gas refund feature provides a very user-friendly experience and has received positive feedback in the community. 13.DApp Ecosystem — GameFi Sector Across All Chains Farmers World (DApp) — A farming mining game built on WAX. The project updated its functionality today for depositing FarmerCoins, allowing the transfer of staked tokens to other farmers, and reducing consumption. Defi Kingdoms (DApp) — A cross-chain MMORPG that allows players to earn money through gaming, featuring a DEX, liquidity pool opportunities, and a rare, utility-driven NFT marketplace. The project token has experienced a significant drop from its all-time high, with a current daily trading volume of $60,000. The recent rise in UAW is primarily influenced by giveaways of related in-game items on Twitter. 14.Gas Fee Consumption — ETH Chain LOVE (Token) — The whitelist-free airdrop, innovative mechanism, and significant price drop have attracted attention. The Love claim contract and the gas consumption of the LOVE token are both listed. Detailed information about $LOVE has been explained earlier in the report. 15.Gas Fee Consumption — BSC Chain Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level. 16.Gas Fee Consumption — Polygon Chain Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. Holograph comprises three initial products: Bridge, Core, and Mint. The bridge allows NFTs to transfer between EVM blockchains. The collaboration with renowned artist Eric Elms (artist for NIKE and Stussy) on the creation of KilroyPunk has sparked attention. https://app.holograph.xyz/ 17.Gas Fee Consumption — Arbitrum Chain ARB (Token) — With the upcoming upgrade in Cancun, the implementation of EIP-4844 is set to significantly reduce Layer2 gas fees, providing substantial benefits for Layer2 projects. The ARB Token is expected to generate sustained attention in light of this development. 18.Twitter Trends Token Top 20 ARB, OP (Token) — (1) The upcoming Cancun upgrade, featuring EIP-4844, is set to effectively reduce the Layer 2 gas fee, providing substantial benefits for Layer 2 projects. Both ARB and OP will continue to garner attention; (2) OP tokens worth US$580 million will be unlocked on May 31, representing 9% of the total supply. 19.Google Trends — Global LINA (Token) — As of June 1, the Hong Kong Securities and Futures Commission will implement regulations for virtual assets. As June 1 approaches, some Hong Kong-related assets continue their optimistic upward trend (LINA, KEY, etc.). On May 30, the official website of the Hong Kong Monetary Authority announced that at a bilateral meeting held in Abu Dhabi, the Hong Kong Monetary Authority and the Central Bank of the UAE agreed to strengthen cooperation in areas such as virtual asset regulation and development. 20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: SOL, HIGH, PI Pakistan Trending Keywords: trust crypto and bitcoin wallet, fancy crypto, scamadviser b) Southeast Asia Region Indonesia Trending Tokens: XEN Malaysia Trending Keywords: LINA Thailand Trending Keywords: RAN Philippines Trending Tokens: GALA, DOGE, SHIB, CRO, PEPE, LINA c) East Asia and Hong Kong, Macau, and Taiwan South Korea Trending Tokens: JUMP Japan Trending Keywords: dextools 21.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: dollar exchange rate Privatbank, airdrop crypto b) English-speaking Countries Canada Trending Tokens: SAND, PEPE, PI, HNT UK Trending Tokens: JASMY, JOE USA Trending Tokens: OSMO, PIKA Australia Trending Tokens: AGIX, AIDOGE, SHIB c) Europe Spain Trending Tokens: XRP, LINA, DOGE, ADA, WOJAK France Trending Tokens: FLOKI, KDA, OSMO, FET Germany Trending Tokens: OSMO, XRP, PARADOX, DOGE Italy Trending Tokens: BONK, NEO, SLP Poland Trending Tokens: XRP Switzerland Trending Keywords: GRT, XRP, AIDOGE Turkey Trending Tokens and Keywords: CGPT, EDU, AI-related tokens 22.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Tokens: XEN, PEPE South Africa Trending Tokens: AVAX, TRON b) Middle East Trending Keywords: israel crypto conference c) Latin America Brazil Trending Tokens: SAND, CGPT Argentina Trending Tokens: LINA Mexico Trending Tokens: BTC, SOL

Bitget Research: BRC20 Sector Remains Hot, Bitget Exclusively Launches the First BRC20 Launchpad Project BIP1

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: BIP1 (Token) — BIP1 (Bitcoin Improvement Proposals 1) is a BRC20 token based on the Ordinals protocol. It symbolizes the “first improvement proposal for Bitcoin”, representing the continuous improvement of Bitcoin performance, and is a testament to the BRC20’s contribution to a more prosperous Bitcoin ecosystem. BIP1 will be launched on Bitget from May 11th to 14th in a BGB pool and a Sunshine pool. Users with an average holding volume of ≥ 2000 BGB can obtain corresponding tickets based on the total BGB participation, sharing in 1.89 million BIP1 tokens. Users with less than one ticket will grab a share of 210,000 BIP1 tokens. GP (Token) — A newly launched memecoin, with 12,300 Twitter followers including 10 influencers. On-chain liquidity is US$264,000, and the trading volume in the past 24 hours is US$10.27 million. Contract checks reveal risks such as external calls and anti-whale issues. It is essential to observe this token. FOUR (Token) — A memecoin that was launched three days ago. The IP originates from CZ and some influencers frequently make a “4” hand gesture, meaning “ignore FUD”. Current on-chain liquidity is US$4.88 million, and the trading volume in the past 24 hours has reached US$50.09 million. Over the past week, the number of on-chain transactions reached 29,977. Contract checks reveal no risks, and it is essential to stay updated on FOUR. BAM (Token) — A memecoin that was launched three days ago. The IP originates from Disney’s animation prototype, Bambi. Current on-chain liquidity is US$682,000, and the trading volume in the past 24 hours is US$13.86 million. The community’s attention is good, and it is essential to stay updated on BAM. BEN (Token) — This memecoin was launched five days ago, inspired by a little dog. The official website is designed simply with limited information available. The on-chain liquidity is US$3.98 million, and the trading volume in the last 24 hours reached US$84.87 million, with most being fake trading volume by MEV. The token’s price spiked today, leading to significant volatility. Contract checks reveal no obvious risks so far. It is essential to stay updated on this token. BDOGE (Token) — A replica of AIDOGE, BDOGE token can be claimed by PEPE, AIDOGE, and BAB soulbound token holders. Current on-chain liquidity is US$23,000, and the trading volume in the past 24 hours is US$243,000. Contract checks reveal adjustable transaction tax. The number of holders has reached 63,600, indicating a large user base that claimed the token. CAPO (Token) — Created by an influencer with 149,000 followers on Twitter, CAPO has liquidity of US$620,000, with a trading volume of US$14.16 million in the past 24 hours. The number of token holders is 3940. The contract check reveals no risks. It is essential to monitor this token. PepeAI (Token) — A replica of Pepe on BSC. The liquidity is US$3.06 million, and the trading volume in the past 24 hours has reached US$11.6 million. However, the token drop by 30% today, indicating high volatility. The contract check reveals no risks. It is essential to observe this token. KABOSU (Token) — A newly launched memecoin just confirmed to be listed on MEXC and LBank. It has 31,500 followers on Twitter. The on-chain liquidity is US$194,000, and the trading volume in the past 24 hours is US$4.04 million. The token currently experiences high volatility, with a drop of 58% today. The contract checks reveal a blacklist function. It is essential to monitor this token. LG (Token) — Users who have received the ARB airdrop can claim the token. There are 42 billion tokens available for claiming. Any unclaimed tokens after 30 days will be burned. The current on-chain liquidity is US$654,000, and the trading volume in the past 24 hours has reached US$1.1 million. The number of holders is 66,700. Pepe Wojak CEO (Token — Presale) — A memecoin that completed its IDO on PinkSale. It raised 100 BNB, with over 500 transactions in the PreSale contract. The buy and sell tax rate is 10%. 2.Popular NFTs: Loyalty Program (NFT) — OpenSea displays limited information about the project, and there is no introduction about the project team. However, the enthusiasm for on-chain minting is relatively high. The current trading volume is less than 0.1 BNB. It is essential to stay updated on this NFT. Broker NFT (Token) — Currently available on OpenSea, Broker has only 2 NFTs, with a total trading volume of 11 ETH and 2145 holders. The most recent transaction took place 22 days ago. The buying and selling activity for the NFT has been fairly average. https://opensea.io/collection/broker-nft 3.Popular DApps: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 498,000 independent wallet addresses on the zkSync Era mainnet, with 181,000 ETH bridged to zkSync and a total of 609,000 transfers, indicating a good level of user engagement. But the inflow of funds is slowing down. Gitcoin (DApp) — Gitcoin is a decentralized collaboration platform built on the Ethereum network. It offers a community for developers, allowing them not only to collaborate on open-source projects via a bounty system but also to apply for “grants” from the community and the Ethereum Foundation through a public platform. Recently, Gitcoin initiated a Beta Round donation activity, which included 649 projects and has garnered considerable user attention. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The product has been downloaded over 5 million times on Google Play. This week, it released a beta version of Friends Battles and launched a luxurious event worth US$25,000. The token has not shown any significant fluctuations, with a 24-hour trading volume of US$377,000. OpenSea (DApp) — The NFT market has been experiencing a continuous decline in trading volume since its peak in February. The average daily trading volume this month is about a third of that in February, indicating a weaker overall narrative in the NFT market. Today, the NFT project Pudgy Penguins announced a US$9 million fundraising led by 1kx, with participation from Big Brain, Kronos, Shima, Layerzero’s founder, Kucoin, and others. The project aims to build a comprehensive IP brand. It is essential to observe whether this development can bring new momentum to the NFT market. PancakeSwap V3 (DApp) — Since the launch of PancakeSwap V3, its usage and trading volume have quickly caught up with V2. Recently, UAW has reached double that of V2. The top ten trading pairs are stablecoins, BNB, BTC, and ETH, contributing to the main trading volume. With the authorization development of Uni V3, the number of various on-chain DEX fork V3s has increased, strengthening on-chain liquidity. One World Nation (DApp) — This is a mini-game in the NFT category where players form teams made up of five small dragon NFTs for data-based competition. The game has a very low entry threshold. It offers daily rewards of US$30, leading to a rapid increase in UAW recently. Trader Joe (DApp) — After launching and implementing a concentrated liquidity function on Arbitrum, the protocol’s popularity has increased, and the token price has risen up to 3x from its bottom. The protocol’s TVL on Arbitrum increased by 44% yesterday, reaching US$30.45 million. World ID Muti-Airdrop (DApp) — Worldcoin, a cryptocurrency project led by Sam Altman (CEO of OpenAI), has launched its first product, the minimalist wallet “World App”. Worldcoin’s vision is to enable every person in the world to use digital currency through iris recognition as a program-protected ID. The specific implementation pathway includes creating an optimistic rollup as Layer 2, using the iris-verified ID for identification, using the token as a payment means, and developing an app as a wallet. The token is ERC-20 standard and is deployed on the Ethereum Layer 2. The consensus mechanism is proof-of-personhood, and node operators are rewarded with Worldcoin for increasing the user base and registration rate. The token financing round was completed in March 2022 with an estimated value of US$3 billion and raised US$100 million. Investors included A16Z and Khosla Ventures. The risk financing round was completed in October 2021 with an estimated value of US$1 billion, raising US$25 million. Investors included a16z, Coinbase, DCG, SBF, and Reid Hoffman, co-founder of LinkedIn. 4.Twitter Hot Topics: BEN (Token) — This is a project promoted by the famous crypto influencer Ben Armstrong (1 million followers), who has a high influence on the crypto community. The core ideology of the project is “I was watching friends get rugged, I had to do something”, with an anti-rug theme. There are no obvious risks in the contract. 5.Regional Trending Searches: Recently, there has been a surge in memecoins conducting airdrops, leading to an increase in user attention towards token airdrops. Main Body Written by: Bitget Research Data collection time: May 10, 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) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 401,740 New active users of ETH: 78,561, with a daily increase of 0.28% Existing active users of ETH: 323,179, with a daily increase of 0.39% 1.1.2 New User Profile Core data: There were a total of 78,561 new active users on ETH yesterday, with a daily increase of 0.28% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 498,000 independent wallet addresses on the zkSync Era mainnet, with 181,000 ETH bridged to zkSync and a total of 609,000 transfers, indicating a good level of user engagement. But the inflow of funds is slowing down. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 323,179, with a daily increase of 0.39% Popular Sectors Popular Projects Key Projects: Gitcoin (DApp) — Gitcoin is a decentralized collaboration platform built on the Ethereum network. It offers a community for developers, allowing them not only to collaborate on open-source projects via a bounty system but also to apply for “grants” from the community and the Ethereum Foundation through a public platform. Recently, Gitcoin initiated a Beta Round donation activity, which included 649 projects and has garnered considerable user attention. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 GP (Token) — A newly launched memecoin, with 12,300 Twitter followers including 10 influencers. On-chain liquidity is US$264,000, and the trading volume in the past 24 hours is US$10.27 million. Contract checks reveal risks such as external calls and anti-whale issues. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0x4fac944d2667e0b0b0fcd550da252e7000105264 FOUR (Token) — A memecoin that was launched three days ago. The IP originates from CZ and some influencers frequently make a “4” hand gesture, meaning “ignore FUD”. Current on-chain liquidity is US$4.88 million, and the trading volume in the past 24 hours has reached US$50.09 million. Over the past week, the number of on-chain transactions reached 29,977. Contract checks reveal no risks, and it is essential to stay updated on FOUR. https://www.dextools.io/app/en/ether/pair-explorer/0xd101821c56b4405af4a376cbe81fa0dc90207dc2 BAM (Token) — A memecoin that was launched three days ago. The IP originates from Disney’s animation prototype, Bambi. Current on-chain liquidity is US$682,000, and the trading volume in the past 24 hours is US$13.86 million. The community’s attention is good, and it is essential to stay updated on BAM. https://www.dextools.io/app/en/ether/pair-explorer/0xdc81015e80cabe34bb97388532ed8de78e4ff95b 1.2.2 Uniswap V3 BEN (Token) — This memecoin was launched five days ago, inspired by a little dog. The official website is designed simply with limited information available. The on-chain liquidity is US$3.98 million, and the trading volume in the last 24 hours reached US$84.87 million, with most being fake trading volume by MEV. The token’s price spiked today, leading to significant volatility. Contract checks reveal no obvious risks so far. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdce93ed9ae7c53143e19cf799d156b72d1cc2777 SPONGE (Token) — This memecoin is inspired by SpongeBob SquarePants. The token has recently experienced significant fluctuations. The on-chain liquidity is US$10.14 million, and the trading volume in the past 24 hours is US$24.91 million. The market cap is US$35.5 million, and there are over 10,000 token holders. The contract shows no risks. From the perspective of liquidity and community, the project’s activity level is pretty good, but the token’s volatility is quite high. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xf935f557e06a7d040dea4691f90c9a755301818b MONG (Token) — A memecoin that originated from a U.S. Congressman’s incoherent ramblings. The on-chain trading volume in the past 24 hours has reached US$10.27 million, with 15,440 holders. The token price has recently experienced significant fluctuations. It is essential to monitor this token. https://www.dextools.io/app/en/ether/pair-explorer/0x7054b0f980a7eb5b3a6b3446f3c947d80162775c 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,575,293 New active users on BSC: 263,820, with a daily increase of 10.07% Existing active users on BSC: 1,311,473, with a daily increase of 8.44% 2.1.2 New User Profile Core data: There were a total of 263,820 new active users on BSC yesterday, with a daily increase of 10.07% Popular Sectors Popular Projects Key Projects: BDOGE (Token) — A replica of AIDOGE, BDOGE token can be claimed by PEPE, AIDOGE, and BAB soulbound token holders. Current on-chain liquidity is US$23,000, and the trading volume in the past 24 hours is US$243,000. Contract checks reveal adjustable transaction tax. The number of holders has reached 63,600, indicating a large user base that claimed the token. https://www.dextools.io/app/en/bnb/pair-explorer/0x6c2eb105f2fc0b605e71619c1301fa58ac5b9993 Loyalty Program (NFT) — OpenSea displays limited information about the project, and there is no introduction about the project team. However, the enthusiasm for on-chain minting is relatively high. The current trading volume is less than 0.1 BNB. It is essential to stay updated on this NFT. https://opensea.io/collection/loyalty-program-bnb 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,311,473, with a daily increase of 8.44% Popular Sectors Popular Projects Key Projects: Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER, which will be available for sale to the public through CoinList on May 18th. Users who qualify as early adopters and contributors will have priority access to the CYBER inaugural public offering on CoinList, including Link3 Mystery Box and The Shards NFT holders, as well as W3ST holders. The relevant NFT transactions have increased. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 CAPO (Token) — Created by an influencer with 149,000 followers on Twitter, CAPO has liquidity of US$620,000, with a trading volume of US$14.16 million in the past 24 hours. The number of token holders is 3940. The contract check reveals no risks. It is essential to monitor this token.https://www.dextools.io/app/en/bnb/pair-explorer/0x9c68caf5bc64ee78b25149888f0ef4fda0c5b7be PepeAI (Token) — A replica of Pepe on BSC. The liquidity is US$3.06 million, and the trading volume in the past 24 hours has reached US$11.6 million. However, the token drop by 30% today, indicating high volatility. The contract check reveals no risks. It is essential to observe this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xf2c35be19458a875de7c0bd62d4338388a6dd1f2 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 366,053 New active users on Polygon: 89,352, with a daily increase of 27.27% Existing active users on Polygon: 276,701, with a daily decrease of 1.11% 3.1.2 New User Profile Core data: There were a total of 89,352 new active users on Polygon yesterday, with a daily increase of 27.27% Popular Sectors Popular Projects Key Projects: Meta Force (DApp) — The project appears to be a Ponzi financial game similar to Forsage 2.0. According to data from SimilarWeb, the traffic has been increasing rapidly recently, with 8100 visits in April, indicating a quick decline compared to previous months. Broker NFT (Token) — Currently available on OpenSea, Broker has only 2 NFTs, with a total trading volume of 11 ETH and 2145 holders. The most recent transaction took place 22 days ago. The buying and selling activity for the NFT has been fairly average. https://opensea.io/collection/broker-nft 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 276,701, with a daily decrease of 1.11% Popular Sectors Popular Projects Key Projects: Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. The project has not yet launched its token, but user interactions have increased due to the Arbitrum airdrop, and the daily on-chain transfer count has risen tenfold from around 5000 in mid-April. The project recently completed a funding round of $120 million. Users interact due to airdrop expectations, but currently, Layer Zero’s cross-chain transfer experience is average, and its timeliness is significantly lower than that of top cross-chain protocols. Whether it can gain long-term user support remains to be seen. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 There is no data available for today due to issues with the data source update. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 330,915 Arbitrum New Active Users: 86,955, with a daily increase of 32.97% Arbitrum Existing Active Users: 243,960, with a daily increase of 47.05% 4.1.2 New User Profile Core data: There were a total of 86,955 new active users on Arbitrum yesterday, with a daily increase of 32.97% Popular Sectors Popular Projects Key Projects: KABOSU (Token) — A newly launched memecoin just confirmed to be listed on MEXC and LBank. It has 31,500 followers on Twitter. The on-chain liquidity is US$194,000, and the trading volume in the past 24 hours is US$4.04 million. The token currently experiences high volatility, with a drop of 58% today. The contract checks reveal a blacklist function. It is essential to monitor this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x485c6c996488479cca19de83292602f0a83d1a8d 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 243,960, with a daily increase of 47.05% Popular Sectors Popular Projects Key Projects: LG (Token) — Users who have received the ARB airdrop can claim the token. There are 42 billion tokens available for claiming. Any unclaimed tokens after 30 days will be burned. The current on-chain liquidity is US$654,000, and the trading volume in the past 24 hours has reached US$1.1 million. The number of holders is 66,700. https://legends.vip/ 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 LOTUS (Token) — A speculative-type project, mentioned by several influencers yesterday, but the price has plummeted. On-chain liquidity is $217,000, with a 24-hour trading volume of $4.43 million. The contract reveals the risk of potential mint, making it a high-risk project. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x22bc798f31147ce54aa2cb8ceb3549bb5a94ed8b ZPC (Token) — A community experimental project entirely coded by AI. Early participants have received hundredfold profits, but it has now fallen to the opening price. On-chain liquidity is $335,000, with a 24-hour trading volume of $645,000. Contract checks reveal no risks. The price volatility is very high. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xbc5592c48bf9d4354de4953f57de4f6295dd51b0 5.DApp Ecosystem — All Chains Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The product has been downloaded over 5 million times on Google Play. This week, it released a beta version of Friends Battles and launched a luxurious event worth US$25,000. The token has not shown any significant fluctuations, with a 24-hour trading volume of US$377,000. Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that is at the forefront of interaction on the Polygon chain and is the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). The protocol formed a partnership with Unsheth yesterday to provide cross-chain services. Today, Layerzero tweeted asking users to pay attention to an important announcement in May, sparking community speculation about token issuance. 6.DApp Ecosystem — ETH Chain OpenSea (DApp) — The NFT market has been experiencing a continuous decline in trading volume since its peak in February. The average daily trading volume this month is about a third of that in February, indicating a weaker overall narrative in the NFT market. Today, the NFT project Pudgy Penguins announced a US$9 million fundraising led by 1kx, with participation from Big Brain, Kronos, Shima, Layerzero’s founder, Kucoin, and others. The project aims to build a comprehensive IP brand. It is essential to observe whether this development can bring new momentum to the NFT market. 7.DApp Ecosystem — BSC Chain PancakeSwap V3 (DApp) — Since the launch of PancakeSwap V3, its usage and trading volume have quickly caught up with V2. Recently, UAW has reached double that of V2. The top ten trading pairs are stablecoins, BNB, BTC, and ETH, contributing to the main trading volume. With the authorization development of Uni V3, the number of various on-chain DEX fork V3s has increased, strengthening on-chain liquidity. Galxe (DApp) — Galxe is an on-chain task platform and a top-tier DID application that recently launched a new identity verification method allowing for one-click login using an Ethereum address. Today, it launched a promotion with MagicSqure to reward special Discord roles in celebration of the voting system going live, as well as an airdrop leaderboard with XendFinance. 8.DApp Ecosystem — Polygon Chain Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that is at the forefront of interaction on the Polygon chain and is the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). The protocol formed a partnership with Unsheth yesterday to provide cross-chain services. Today, Layerzero tweeted asking users to pay attention to an important announcement in May, sparking community speculation about token issuance. One World Nation (DApp) — This is a mini-game in the NFT category where players form teams made up of five small dragon NFTs for data-based competition. The game has a very low entry threshold. It offers daily rewards of US$30, leading to a rapid increase in UAW recently. https://twitter.com/CryptoverseOwn 9.DApp Ecosystem — WAX Chain Projects on Wax are primarily NFT gaming projects. UAW is generally falling, indicating a lack of market focus at present. 10.DApp Ecosystem — Solana Chain Solana ecosystem projects ranked 10th and beyond have UAWs all less than 1000, the lowest being 40, basically no users, and the ecosystem appears to be quite desolate. There have been no significant changes among the leading projects. 11.DApp Ecosystem — Arbitrum Chain Trader Joe (DApp) — After launching and implementing a concentrated liquidity function on Arbitrum, the protocol’s popularity has increased, and the token price has risen up to 3x from its bottom. The protocol’s TVL on Arbitrum increased by 44% yesterday, reaching US$30.45 million. 12.DApp Ecosystem — GameFi Sector Across All Chains Defi Kingdoms (DApp) — An MMORPG game that presents all DeFi functions visually in a pixel style and allows users to earn rewards through utility NFTs. The game initially ran on Harmony and then cross-chained to Avalanche, reaching a peak circulating market value of $1.3 billion. As the token price fell, the game’s UAW significantly reduced, and there are no special promotions recently. 13.Gas Fee Consumption — ETH Chain ZeroEX (DApp)- The current name is 0x Protocol, which is an infrastructure protocol that facilitates cross-chain transactions for ERC-20 tokens. The project has already launched its token, with a total market cap of US$250 million. Many DEXs use their services, and it is one of Layerzero’s competitors. With the upcoming launch of Layerzero, there may be more trading opportunities. The ZRX token is available for trading on Bitget. 14.Gas Fee Consumption — BSC Chain BDOGE (Token) — A replica of AIDOGE, BDOGE token can be claimed by PEPE, AIDOGE, and BAB soulbound token holders. Current on-chain liquidity is US$23,000, and the trading volume in the past 24 hours is US$243,000. Contract checks reveal adjustable transaction tax. The number of holders has reached 63,600, indicating a large user base that claimed the token. https://bnbdoge.ai/ Pepe Wojak CEO (Token — Presale) — A memecoin that completed its IDO on PinkSale. It raised 100 BNB, with over 500 transactions in the PreSale contract. The buy and sell tax rate is 10%. https://www.pinksale.finance/launchpad/0xA29B27113564fa225Ba6600b7F7873e4D850fe5a?chain=BSC 15.Gas Fee Consumption — Polygon Chain World ID Muti-Airdrop (DApp) — Worldcoin, a cryptocurrency project led by Sam Altman (CEO of OpenAI), has launched its first product, the minimalist wallet “World App”. Worldcoin’s vision is to enable every person in the world to use digital currency through iris recognition as a program-protected ID. The specific implementation pathway includes creating an optimistic rollup as Layer 2, using the iris-verified ID for identification, using the token as a payment means, and developing an app as a wallet. The token is ERC-20 standard and is deployed on the Ethereum Layer 2. The consensus mechanism is proof-of-personhood, and node operators are rewarded with Worldcoin for increasing the user base and registration rate. The token financing round was completed in March 2022 with an estimated value of US$3 billion and raised US$100 million. Investors included A16Z and Khosla Ventures. The risk financing round was completed in October 2021 with an estimated value of US$1 billion, raising US$25 million. Investors included a16z, Coinbase, DCG, SBF, and Reid Hoffman, co-founder of LinkedIn. 16.Gas Fee Consumption — Arbitrum Chain LG (Token) — Legends, a new token that $ARB holders can free claim. It claims to be a GameFi project but carries strong meme attributes. Currently, there are 67,760 holders, and the contract has no obvious security issues. Currently, 58% of the tokens are distributed in the Top 4 wallet addresses. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xd0851b56495db22610277de3788ae0d903526322 17.Twitter Trends Token Top 20 BEN (Token) — This is a project promoted by the famous crypto influencer Ben Armstrong (1 million followers), who has a high influence on the crypto community. The core ideology of the project is “I was watching friends get rugged, I had to do something”, with an anti-rug theme. There are no obvious risks in the contract. 18.Google Trends — Global More frequently mentioned keywords in Google trending searches: crypto bubbles, bittrex, airdrop crypto, doge coin Recently, there has been a surge in memecoins conducting airdrops, leading to an increase in user attention towards token airdrops. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: AVAX, GPT Pakistan Trending Keywords: MATIC b) Southeast Asia Region Philippines Trending Tokens: XRP, BTC, TRX, PI Indonesia Trending Tokens: PEPE, BTC; Trending Keywords: gold price Malaysia Trending Tokens: SOL c) East Asia and Hong Kong, Macau, and Taiwan No important trending keywords. 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: forex factory, tradingview, crypto bubbles b) English-speaking Countries USA Trending Tokens: XEC, BEN Australia Trending Tokens: ADA, SHIB, GRT, XLM, LUNA Canada Trending Tokens: DOGE c) Europe Poland Trending Tokens: HEX, DOGE Spain Trending Tokens: TURBO, PEPE, VET, SOL Italy Trending Tokens: SLP, STX, VELO, AAVE, ULX, DASH, TURBO France Trending Tokens: LTC, ORDER, TEL, ORN, BSV, SAITAMA Germany Trending Keywords: PI, SHIB Turkey Trending Keywords: crypto fund trader, crypto royale, coingecko, crypto miner tycoon simulator 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: airdrop crypto b) Middle East Trending Keywords: crypto bubbles, apple stock, euro exchange rate; Trending Tokens: RAIN c) Latin America Brazil Trending Tokens: SHIB, XRD Argentina Trending Tokens: CAKE Mexico Trending Keywords: APEX

Can Blockchain-based Gaming Reshape the Industry?

When do adults stop playing and start taking themselves seriously? Typically, when they need to earn a living. But what if you could play for a living? A path that isn't just for the top 0.1% of esports athletes? This mythical land does exist, and it began to reach its full potential in 2021. It's known as GameFi. GameFi extends games into the financial realm. Stronger property rights mean players can take their beloved characters outside their native world for fun and profit. Blockchain technology provides the economic building blocks that used to take game developers so long to create that it prevented them from even starting. Economic activity on GameFi has recently exploded, and entire economies have stemmed from this activity. This report looks at the history of planned-economy games like World of Warcraft against their modern crypto counterparts that create maximum value for their players. What is GameFi? The blockchain-based game Axie Infinity launched its Ronin sidechain to Ethereum in February 2021. Within weeks, transaction volume and deposited balance smashed through all reasonable and even the most outlandish expectations. The gaming world was perplexed. What just happened? In one word: economics. Games in the past had minimal trading functionality, but not due to game developers’ lack of wanting. It was simply too difficult and remote from the game’s main objectives to implement a functional in-game currency and a marketplace that facilitated trades with the lowest possible transaction costs. Enter blockchain technology. A junior Solidity developer can create an ERC20 token for a game currency in less than an hour. When game developers use the ERC721 standard for non-fungible tokens, in-game materials like swords and wands automatically become tradable on popular third-party marketplaces like OpenSea. Axie Infinity and Defi Kingdoms demonstrated that they could reach more than $400 million in transaction volume on some days. These games are the poster children of a new category called GameFi. MixMarvel’s founders first mentioned the term “GameFi” in November 2019. Andre Cronje then used it in a September 2020 tweet, and the word became standard vernacular after that. GameFi is a concatenation of gaming and finance and broadly stands for blockchain games with a financial element, yet distinct from gambling activity. These games require skill and determination, with a smaller component of luck. Players earn currencies and materials by completing tasks or grooming their characters. What sets them apart from the past is what players can then do with their loot. Essential features of GameFi Play-to-earn Players can sell rare items earned in the game to other players on marketplaces in and outside the game, thanks to open standards. The connection between the “real world” and the virtual world becomes stronger when game materials retain utility outside their native surroundings. Some games have spawned a whole complementary industry where players make a decent living growing and training characters or finding powerful in-game Items. In-game currencies often have clever incentives to attract investors regardless of their involvement in the game itself. While this was a boon for early adopters, escalating prices created steep entry fees for newer participants because characters required to play are priced in the game’s native currency. Tokenomics A word combination of tokens and economics, it describes these incentive schemes. “Only 21 million Bitcoin will ever exist!” is Bitcoin tokenomics in a nutshell. There’s a limited supply, and the issuance keeps decreasing. Let’s look at Axie Infinity’s AXS token. Breeding characters sends tokens to the community treasury and removes them from circulation. Users can stake their AXS to secure the network and receive rewards from the treasury. At the same time, AXS tokens have a maximum supply of 270 million, with tokens for the team released gradually over five years so team members cannot dump their shares and ruin the price. The maximum supply, slow-release, and staking rewards work harmonically to make holding AXS more attractive to investors and fuel its price growth. Play-to-earn before blockchain Second Life was the first game that sparked a veritable in-game currency — called Linden dollar — and transactions of virtual items outside the game world. Real estate agent Ailin Graef made more than 1 million British pounds selling in-game plots in 2006. Second Life is still operational, and creator Philip Rosedale recently returned to tackle the metaverse. Perfect timing, since Second Life, pioneered much of what the metaverse is made out to be, like virtual professions, virtual land, or an entire virtual economy. The next game to smash the confines of its virtuality was World of Warcraft (WoW). This fantasy adventure saw players bid tens of thousands for blue Murloc eggs on eBay. Inside the game, characters used virtual gold for trades, but only specific items could be exchanged, often at set prices. Developer Activision Blizzard recently released its own digital currency, albeit one that is only available from the developer and only tradeable in the game itself. Economics of gameplay Blockchain gaming is turning the traditional gaming model on its head. Before GameFi, siloed game worlds didn’t let players genuinely own their in-game assets. GameFi stores in-game material as unique tokens, or NFTs, and lets owners sell them on free markets for a price of their choice. In 2019, the introduction of an in-game currency called Smooth Love Potion (SLP) boosted Axie Infinity’s popularity. It paved the way for other decentralized finance (Defi) components to penetrate blockchain gaming. Such parallels that GameFi has with Defi include staking, liquidity mining, NFT trading, and NFT fractionalization. Crypto gaming has grown in popularity as more players collect and trade digital assets, generating a dependable income for game developers and creating value for players. In 2020, Axie Infinity gamers in the Philippines earned their regular monthly salary by just playing the game at a time when measures against the COVID-19 pandemic brought economic hardship to the country. And here we have it: The mythical lands were playing and making a living converging. No wonder this attracted a copious amount of users. According to Bloomberg: “Nearly 50% of active cryptocurrency wallets connected to decentralized applications in November (2021) were for playing games. The percentage of wallets linked to decentralized finance, or Defi, dApps fell to 45% during the same period, after months of being the leading dApp use case.” How players make money Axie Infinity was the first smash hit in GameFi. With a sophisticated ecosystem, it dwarfed its competition at the top of DappRadar’s NFT sales rankings for much of 2021 and into Q1 of 2022, with $563.6 million in sales in Axie Infinity is an NFT game inspired by Pokémon and Tamagotchi. Players earn by breeding, racing, battling, and trading cute Axie creatures. All in-game materials are NFTs using Ethereum’s ERC-721 standard. This is the same standard that all NFT marketplaces use. Axie’s developers met while playing CryptoKitties, where they could witness the power of giving players economic liberties. All assets and all data on Axie are open sources, and using it does not require permission from Sky Mavis. Developers in the community can just build what they want and let the players decide whether they like it or not. In other words, a free and open market is baked into the game design. Axies can be bred by using Smooth Love Potion (SLP), a utility coin, and AXS, the game’s governance token. SLP is rewarded for completing quests in the game. Like in Ready Player One, players can shape a part of the game’s universe. But there’s more. One of the most significant digital land sales in the NFT and metaverse sector to date also comes from Axie Infinity: One of its 75 genesis land plots sold for $2.3 million. The collection has already clocked nearly $4 billion in total sales. Staking, or locking up, AXS over a more extended period of time reaps a substantial annual percentage yield (APY). Even though this reduced from over 200% to about 88%, investors have over $1.56 billion worth of AXS staked. Regulatory woes Since the emergence of Bitcoin (BTC) in 2009, on the heels of the subprime crisis, lawmakers have been slowly trying to find ways to regulate and tax cryptocurrencies. With the runaway success of digital assets since 2020, these efforts have intensified. United States President Joe Biden recently labeled crypto as a “national security threat” and announced an executive order to be sent to a plethora of government agencies asking them to develop regulatory policies. Democrats proposed another piece of legislation, worrying the crypto industry in the U.S. House of Representatives in January, the COMPETES Act. Jerry Brito, executive director for Washington D.C.- based think tank Coin Center, noted that one provision in the proposed bill would allow the Treasury Secretary to ban crypto exchanges from operating without any prior notice. Brito stated that he believes the bill will very likely pass “in some form”. In November 2021, a report published by the President’s Working Group on Financial Markets suggested that stablecoin issuers in the U.S. should be subject to “appropriate federal oversight” akin to that of banks. The report did not specify which federal agency would lead these efforts but said the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) had “broad enforcement, rulemaking, and oversight authorities” to address crypto transactions and companies. Governments across the world are moving toward some form of a regulatory framework. India has recently announced the introduction of a 30% crypto tax that targets all transfers of digital assets, along with plans to introduce its own central bank digital currency (CBDC) by 2023. Thailand also announced its plans to introduce a CBDC but recently backtracked on plans to introduce a 15% capital gains tax on all cryptocurrencies after a public backlash against the proposal. Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only. This article is for educational purposes only and is not intended as investment advice. Qualified professionals should be consulted prior to making financial decisions.