Bitget Research: BRC20 Token Becomes Market Focus, Meme Sector Remains Hot

In Summary:

1.Popular Tokens:

PELON (Token, 0xd7..968) — Memecoin, a combination of PEPE and Elon Musk. It currently has a decent trading volume on DEX, with a 24-hour trading volume of US$1.5 million and a fully diluted valuation of only US$528,000. The token contract has features such as a blacklist, adjustable tax rate, anti-whale measure, and transaction cooldown, without serious contract issues. The community is just starting to grow, and it is essential to stay updated on this token.

GEKE (Token) — GekeCoinETH, a crocodile cartoon-related memecoin. The official Twitter account claims that Pepe whales are buying Geke. The token’s performance is average, with a noticeable decline after being pumped once, indicating a significant market risk. Pay attention to the risk involved in participating.

JEFF (Token) — Established a trading pool on the 6th, JEFF is currently only available on DEX. Daily trading volume: 20,673,730; daily transaction count: 7903; daily interaction count: 9028; number of holders: 4687. The community is well engaged in trading, but the token has a risk of being reclaimed by the owner, so participate cautiously.

HER (Token) — A memecoin mocking Alameda Research’s CEO Caroline Ellison. The 24-hour trading volume is US$23 million, and the on-chain transaction count has exceeded 7000. However, there are only 286 unique trading addresses, which may indicate fake trading volume. It is essential to stay updated on this token.

SPONGE (Token) — A SpongeBob-themed memecoin with very high trading activity. The on-chain trading volume has reached nearly US$100 million, with a liquidity pool depth of US$10 million and 6852 unique trading addresses. The trading activity is very high, and the token’s performance is good, with the potential for a higher increase in price. It is essential to stay updated on this token.

TURBO (Token) — A memecoin with a contract written by AI, TURBO was created by digital artist Rhett Mankind. Beeple tweeted an image containing “$TURBO,” which was replied to by Elon Musk with a tears of joy emoji, generating significant attention. The 24-hour trading volume is US$40 million, and the token price has peaked and fallen. It is essential to stay updated on this token.

RIBBIT (Token) — The project’s contract deployer has financial ties with Pepe’s developer, discovered by the community through on-chain tracking, but both parties denied the connection on Twitter. The project has a frog theme with significant memetic properties. The 24-hour trading volume is around US$20 million, and the trading popularity continues.

PERRY (Token) — A memecoin on the BSC with extremely high on-chain trading activity. There are 11,944 holders, with 55,722 transactions in the past 24 hours (34,026 of which were buys), and an on-chain trading volume of US$26.7 million. The current token trend is very good, with a total market cap of only about US$5.5 million. It is essential to stay updated on this token.

BIBI (Token) — Influencer @zhouyongyou had 3500 participants in their “Live Token Launch” Twitter Space AMA. Their Twitter account became popular in the Chinese-speaking region after the token launch. There are 5053 holders with 32,257 transactions in the past 24 hours (18,829 of which were buys), and an on-chain trading volume of US$17 million.

OGGY (Token) — OGGY received support from Messi Fan Club, with @WeAreMessi tweeting, “We choose and keep an eye on @Oggy_inu” along with an image of an OGGY VISA card. In the past 24 hours, OGGY has surged +40%, and Bitget has listed the token.

ORDI (Token) — Recently, Ordinals’ BRC-20 token $ORDI has been very popular, experiencing a 4x increase in the past three days. However, the project team has not announced the release of the token on the EVM chain. The ORDI on the BSC may be a rug pull, so be cautious of trading risks.

DYOR (Token) — DYOR’s community focuses on supporting people to buy tokens with their own research capabilities. The current 24-hour trading volume is US$12.1 million with 10,340 transactions and 284 unique trading addresses. The current market cap is US$25.6 million. The trading activity is good, and it is essential to stay updated on the token.

WODIU (Token) — The liquidity pool was established two days ago. The current 24-hour trading volume is US$1 million with 3984 transactions. The token’s current fully diluted valuation is US$1.7 million, with a liquidity pool depth of US$188,000 and a 24-hour increase of 152%. The project has significant exposure due to many Chinese influencers promoting it on Twitter. It is essential to stay updated on this token.

ZPC (Token) — ZenPanda Chain has contract risks of potential mint and a blacklist feature, without serious contract issues. In the past 24 hours, the on-chain trading volume is US$13 million with over 8000 transactions. The trading activity is good, but there is a risk of the token price reaching a peak and falling. It is essential to observe this token.

Sohi (Token) — A community-driven memecoin in the Chinese-speaking community. The token name “Sohi” sounds like “Suoha” which means “All-in” in Chinese, and it is a famous expression pack meme. The project airdropped community tokens before setting up DEX LP, with each address receiving 200 million-500 million $SOHI (currently worth 300–750 USDT). A total of 680 addresses received the airdrop. The community is very active, and it is essential to stay updated on Sohi.

POGAI (Token) — POGAI is a popular memecoin in the Chinese-speaking region, featuring a panda character from expression packs for spreading its popularity. The project’s Twitter followers increased by 40,000+ within three days of launch, showing a rapid growth in popularity. The token operates on Arbitrum and has been fully distributed to the community after an airdrop, with dispersed holder addresses. The current market cap of the token is US$12 million, and its 24-hour trading volume is US$4.6 million. The token is now listed on Bitget for trading.

BLUR (Token) — On May 7, the Blur platform traded 6863 ETH, while OpenSea traded 2618 ETH, and OpenSea Pro 566 ETH. The NFT market’s recent trading volume has been shrinking, with a significant reduction in the Blur platform’s trading volume. The BLUR token price has hit a new low today and is experiencing a weak rebound.

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. Currently, there are no transactions. It is essential to stay updated on this NFT.

Getaverse SBT (NFT) — Based on the information displayed on OpenSea, there is no clear project introduction, and as an SBT, there are no transaction records. The token has nearly 33,000 on-chain unique holders. Galxe has a related task link, and the token points to the project Getaverse, which is a Web3 digital verification engine. Stay tuned for further developments.

3.Popular DApps:

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.

TinyTap Game (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. Its community includes over 9.5 million families and 250,000 educators, offering 250,000 interactive lessons from around the world. Its token, EDU, was previously launched on Binance Launchpad.

0xdbf..d71 (DApp) — An on-chain contract for batch trading memecoins, with tokens like MARU and Youcoin being currently traded. The project creates “false prosperity” for memes on DEX through this method, and the tokens involved may have higher risks. The quality of meme projects varies, so you are welcome to choose safe memecoins with early wealth effects on Bitget.

XEN (DApp) — 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.”

MEV (Bot) — Recently, the meme sector has been booming, leading to a significant increase in MEV activity. Among them, the address jaredfromsubway.eth has the highest activity. In the past 24 hours, it has paid 285 ETH in gas fees and a total of 5970 ETH (about $10.6 million) over the past three months. It has earned a net profit of $2.3 million in the past seven days.

Stargate (DApp) — At the end of April, Stargate held a joint marketing campaign with Pancakeswap on Layer3, gaining widespread exposure in the community. Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level.

Apestake (DApp) — Developed by Horizen Labs, Apestake is a DeFi staking platform for the $APE token. Users can achieve relatively high $APE returns on the platform. Combined with token short-selling contracts, some returns can be locked even in advance. The project’s interaction volume has increased recently. It is essential to stay updated on this DApp.

PinkSale (DApp) — PinkSale recently helped the Wojak Original Team complete their token sale. Pepe Bull, Mr. Bean Inu, and Purple Floki also added PinkSale collaboration information on their official websites. Catering to the trend, the project’s operation focuses on memecoin sales and promotion.

Planet IX (DApp) — Recently, Planet IX has been promoting the sale of NetEmpire Genesis NFTs on social media, receiving a good response from the Twitter community. The NFT sale is scheduled to begin on May 11th, with a price of 0.19 ETH. Additionally, BitKeep has teamed up with Planet IX to launch a limited edition SBT PO100M, which is now available for free mint.

Radiant (DApp) — With a rising trend similar to Stargate, Radiant is also part of the Layerzero ecosystem. Interacting with the DApp may provide potential airdrop opportunities. Recently, due to the soaring gas fees on the Ethereum mainnet, users have turned to interact with projects on the Arbitrum chain to gain airdrop expectations.

ISKRA (DApp) — Iskra is a blockchain gaming platform built on Klaytn, bringing together gamers and game studios. Its DAU is continuously increasing. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users can access new gaming projects through the platform’s Launchpad. On April 20th, it was announced that Iskra will be conducting its second promotional activity on Zealy, where users who complete tasks will have the chance to win a share of 5400 ISK and 5400 USDT in rewards. The project has garnered significant attention.

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.

ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain.

4.Twitter Hot Topics:

PEPE (Token) — After being listed on Binance on May 5th, PEPE led the meme sector to collectively surge. Although many memes subsequently rose and fell sharply, PEPE’s trading activity still maintained a relatively high frequency, with an on-chain trading volume of around US$41.12 million in the last 24 hours. It is essential to consider opportunities for a quick rebound following significant declines in leading memecoins.

SUI (Token) — Listed on Binance on May 3rd, SUI is a popular chain with its token launched through an IEO. However, the performance has been weak since its listing, with the token price continuously falling. A similar trend can be observed in the previous performance of APT. If there is a shrink in trading volume and price fluctuations in the chart, it is essential to closely observe the token.

5.Regional Trending Searches:

Meme-related tokens (Token) — In regional trending searches, besides the common exchanges and DEXs, the most searched tokens are PEPE, DOGE, and AIDOGE. Previously popular projects like ARB, SUI, and related ecosystems have collectively cooled down, indicating that the market’s focus on memecoins is much higher than traditional projects in the short term. This also indirectly reflects that memecoins can easily become hot, bringing more attention and search volume from users outside the cryptocurrency market.

Main Body

Written by: Bitget Research

Data collection time: May 8, 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: 357,397
New active users of ETH: 69,638, with a daily decrease of 7.78%
Existing active users of ETH: 287,759, with a daily decrease of 3.03%

1.1.2 New User Profile

Core data: There were a total of 69,638 new active users on ETH yesterday, with a daily decrease of 7.78%
Popular Sectors

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Popular Projects

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Key Projects:

1.1.3 Existing User Profile

Core data: The number of ETH active existing users is 69,638, with a daily decrease of 7.78%
Popular Sectors

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Popular Projects

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Key Projects:

GoySlop (Token) — The project completed its TGE yesterday and established a liquidity pool on DEX. The token price has been continuously falling and is now below its ICO price, indicating a very bad token performance. It is not recommended to participate. https://www.dextools.io/app/en/ether/pair-explorer/0xf0fbd1bd2d170febdd96a1a40be0c50d063523a8

1.2 Popular Trading Pairs

1.2.1 Uniswap V2

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1.2.2 Uniswap V3

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2.Blockchain Profile — BSC Chain

2.1 User Profile

2.1.1 Core Data

Total active users on BSC: 1,357,624
New active users on BSC: 204,793, with a daily decrease of 2.74%
Existing active users on BSC: 1,152,831, with a daily decrease of 1.22%

2.1.2 New User Profile

Core data: There were a total of 204,793 new active users on BSC yesterday, with a daily decrease of 2.74%
Popular Sectors

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Popular Projects

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Key Projects:

2.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,152,831, with a daily decrease of 1.22%
Popular Sectors

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Popular Projects

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Key Projects:

2.2 Popular Trading Pairs

2.2.1 PancakeSwap V2

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3.Blockchain Profile — Polygon Chain

3.1 User Profile

3.1.1 Core Data

Total active users on Polygon: 316,041
New active users on Polygon: 58,429, with a daily decrease of 19.84%
Existing active users on Polygon: 257,612, with a daily decrease of 7.27%

3.1.2 New User Profile

Core data: There were a total of 58,429 new active users on Polygon yesterday, with a daily decrease of 19.84%
Popular Sectors

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Popular Projects

Bitget Research: BRC20 Token Becomes Market Focus, Meme Sector Remains Hot image 12

Key Projects:

3.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 257,612, with a daily decrease of 7.27%
Popular Sectors

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Popular Projects

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Key Projects:

3.2 Popular Trading Pairs

3.2.1 Uniswap V3

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EP (Token) — A moderately popular token with a 24-hour trading volume of only US$30,000. While there are many transactions, it fails to generate significant trading interest. It is essential to stay updated on the token’s performance trend.

4.Blockchain Profile — Arbitrum Chain

4.1 User Profile

4.1.1 Core Data

Arbitrum Active Users: 245,559
Arbitrum New Active Users: 61,297, with a daily increase of 3.51%
Arbitrum Existing Active Users: 184,262, with a daily decrease of 16.90%

4.1.2 New User Profile

Core data: There were a total of 61,297 new active users on Arbitrum yesterday, with a daily increase of 3.51%
Popular Sectors

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Popular Projects

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Key Projects:

0x2fc..efe (Unknown) — Based on the on-chain interactions, there have been a considerable number of address consolidations. Many accounts have been sending small amounts of ETH to this address, which might be an exchange consolidating customer addresses.

4.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 184,262, with a daily decrease of 16.90%
Popular Sectors

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Popular Projects

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Key Projects:

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

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5.DApp Ecosystem — All Chains

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6.DApp Ecosystem — ETH Chain

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7.DApp Ecosystem — BSC Chain

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8.DApp Ecosystem — Polygon Chain

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9.DApp Ecosystem — WAX Chain

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The UAW of the apps on the WAX chain is experiencing normal fluctuations.

10.DApp Ecosystem — Solana Chain

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Top applications on the Solana chain have experienced significant declines, especially in DeFi-related projects. This is mainly because Solana lacks popular memecoin, and recent trading activity has shifted towards the ETH chain. The interaction volume of other mid-tier DApps has not changed much.

11.DApp Ecosystem — Arbitrum Chain

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12.DApp Ecosystem — GameFi Sector Across All Chains

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13.Gas Fee Consumption — ETH Chain

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14.Gas Fee Consumption — BSC Chain

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15.Gas Fee Consumption — Polygon Chain

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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). Bitget and BitKeep launched an airdrop for the LayerZero futures contract voucher token ($LZBG). By completing the corresponding tasks and holding $LZBG, users are 100% guaranteed to be eligible to receive the official LayerZero token in the future. This has sparked heated discussion within the community, increasing expectations for Layerzero’s airdrop and interaction enthusiasm.