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Babylon (BABY): Unlocking Bitcoin's Potential in the Proof-of-Stake Ecosystem

What is Babylon (BABY)? Babylon (BABY) is a decentralized protocol designed to enable native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. It does this through a unique architecture that uses Bitcoin scripts, custom-built modules, and a connection to a secondary blockchain called Babylon Genesis. It introduces a novel shared-security architecture that extends Bitcoin's robust security model to the broader decentralized ecosystem. By allowing BTC holders to participate in staking operations while maintaining their assets on the Bitcoin network, Babylon provides verifiable security guarantees to other networks that are parts of the Bitcoin Secured Networks (BSNs). With Babylon, users don’t have to give up control of their Bitcoin. They keep it in their own wallets, and the protocol ensures their BTC is being used in a secure and trustless manner. Who Created Babylon (BABY)? Founded in 2022, Babylon was established by Stanford Professor David Tse and Dr. Fisher Yu. ● Professor Tse is renowned for his contributions to engineering and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. ● Dr. Yu is a blockchain security expert and tech entrepreneur, known for his impactful work in blockchain scaling and data availability. Together, they lead a team of consensus protocol researchers and experienced layer 1 engineers from around the world What VCs Back Babylon (BABY)? Babylon has attracted significant attention from the venture capital community. In December 2023, the protocol raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC. Other participants included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. In May 2024, Babylon secured an additional $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, and others. These investments underscore the confidence that prominent venture capital firms have in Babylon's vision and potential. How Babylon (BABY) Works Babylon's protocol allows Bitcoin holders to stake their assets on PoS blockchains without the need for wrapping or bridging, thereby maintaining the integrity and security of their BTC holdings. The process involves several key components: 1. Staking Bitcoin: BTC holders initiate staking by sending a transaction that locks their Bitcoin in a self-custodial vault. This setup ensures that the assets remain under the staker's control without reliance on third parties. 2. Validation on PoS Chains: ● Once the staking transaction is confirmed, the staker, or a delegated validator, can begin validating transactions on the PoS chain. It’s worth noting that stakers can delegate their voting power to validators who participate in the consensus process of other PoS chains. This delegation involves only the voting power; the actual BTC remains securely locked in the staker's vault. ● To synchronize PoS chains with the Bitcoin network, Babylon utilizes Bitcoin's timestamping feature. This process involves embedding snapshots of the PoS chain's state onto the Bitcoin blockchain, creating an immutable record that enhances security. It also facilitates faster unbonding periods, allowing stakers to withdraw their BTC more quickly compared to traditional PoS systems. ● Honest participation earns benefits, while malicious behavior, such as double-signing, can lead to penalties. 3. Security Mechanisms: Babylon employs Extractable One-Time Signatures (EOTS) and a covenant committee to enable slashing mechanism, which means that a portion of the staked BTC will be forfeited. If malicious behavior is detected, the protocol can enforce penalties, ensuring the integrity of the network. 4. Unstaking: To unstake, they can either wait for a predetermined time-lock to expire or submit an unbonding transaction, after which their BTC is unlocked and returned. This design ensures that stakers have a clear and secure path to retrieve their assets. BABY Goes Live on Bitget Babylon represents a major leap forward for both Bitcoin and the broader blockchain world. By enabling native Bitcoin staking to be used for enhancing the security of PoS chains, Babylon unlocks powerful new possibilities. Bitcoin holders can now earn incentives without giving up control of their assets, while PoS networks gain the benefit of Bitcoin’s unmatched security and liquidity. This trustless, decentralized model strengthens the entire Web3 ecosystem. With a solid foundation led by respected academics and backed by strong technical architecture, Babylon is well-positioned to become a critical part of the next generation of blockchain infrastructure. As the Babylon network grows, its native token, BABY, plays a central role in governance, transactions, and securing the ecosystem. For those interested in supporting the protocol or participating in its growth, BABY is now available for trading on Bitget. Take this chance to be part of a protocol that's redefining what Bitcoin can do. BABY on Bitget Pre-Market BABY is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 3 April, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get BABY on Bitget Pre-Market now! BABY on Bitget Spot We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

What to Expect and Prepare for Bitcoin Halving 2024 as An Investor

The next Bitcoin halving is just around the corner, expected to happen in less than a month, around April 20. This event is a big deal in the Bitcoin community and has everyone on the edge of their seats. The Bitcoin halving is more than just an important moment for Bitcoin itself; it has far-reaching implications for the entire cryptocurrency market and the broader financial market. This event, which effectively cuts the reward for mining Bitcoin in half, has historically triggered significant market activity and speculative interest. In this article, we will explore what factors will influence the 2024 Bitcoin halving, and what you, as an investor, can expect and how you should prepare for this event. Factors Shaping the 2024 Halving As Bitcoin approaches its next halving event in April 2024, the landscape of the cryptocurrency ecosystem is undergoing profound transformations. This pivotal moment in Bitcoin's journey is marked by a confluence of factors that have the potential to reshape its market dynamics and impact investors across the board. Miner Positioning The halving presents a significant challenge for Bitcoin miners, as it slashes their block rewards in half. To prepare for this event, miners have strategically raised funds through equity and debt issuances while liquidating reserves. These proactive measures indicate a concerted effort within the mining community to navigate the impending financial strains and maintain operational viability in the face of reduced revenue streams. Onchain Activity Growth The advent of ordinal inscriptions has injected new life into Bitcoin's onchain activity. These digital collectibles, akin to NFTs, have witnessed explosive growth, with millions inscribed on the Bitcoin blockchain. Notably, this surge in onchain activity has translated into substantial transaction fees for miners, highlighting the potential of ordinal inscriptions to boost miner revenue and sustain network security amidst dwindling block rewards. With over 59 million assets inscribed to date, generating upwards of $200 million in transaction fees, ordinals have emerged as a significant revenue stream for miners. However, scalability concerns loom large, underscoring the need for scaling solutions to accommodate increased transaction throughput and usage. Layer-2 Solutions In response to scalability challenges, the Bitcoin community is actively exploring Layer-2 solutions such as rollups to enhance network efficiency and usability. Additionally, the adoption of taproot-enabled wallets signals a collective effort to address Bitcoin's architectural limitations and enable greater programmability. These developments signify a collective push towards enhancing Bitcoin's scalability and expanding its utility beyond its traditional use cases. Market Impact of ETFs The approval of Bitcoin ETFs in the United States heralds a new era of mainstream adoption and investment in the cryptocurrency. These ETFs provide investors with convenient access to Bitcoin exposure, potentially reshaping the market structure by introducing a steady demand source. Initial net inflows into Bitcoin ETFs have been significant, hinting at their potential to mitigate post-halving sell pressure and stabilize Bitcoin prices in the long run. What Investors Can Expect from Past Trends The forthcoming halving will mark the fourth occurrence since Bitcoin's inception, with miners' rewards set to decrease from 6.25 BTC to 3.125 BTC per block. Despite the recent changes in external factors such as the introduction of Bitcoin ETF and Bitcoin Ordinals, to gain insights into what may lie ahead, it's still wise to examine the patterns and outcomes of previous halving events. By analyzing historical data, investors can better understand the potential impacts and make informed decisions regarding their Bitcoin holdings. Historical data of Bitcoin reveals a pattern of price appreciation leading up to and following halving events, though the magnitude of these movements varies. The First Halving In November 2012, Bitcoin experienced its inaugural halving, setting the stage for unprecedented price growth. Leading up to the event, Bitcoin surged by 139%, followed by a remarkable 923% increase in the six months post-halving. Also, following the first halving, Bitcoin reached a new all-time high (ATH) in just over a year. This extraordinary performance underscored the significance of supply reduction in driving bullish sentiment and investor demand. The Second Halving The second halving, occurring in July 2016, demonstrated more subdued but still notable price movements. Bitcoin's price rose by 46% in the six months leading up to the halving and further increased by 37% in the subsequent six months. This time, it took Bitcoin 527 days to reach a new ATH after halving. While the gains were less dramatic compared to the first halving, they reaffirmed the market's responsiveness to supply-side dynamics. The Third Halving In May 2020, amid the global uncertainties surrounding the COVID-19 pandemic, Bitcoin underwent its third halving. Despite a slight decline of 2% in the six months preceding the event, Bitcoin rallied by 82% in the following six months. Even though Bitcoin took 548 days to achieve a new ATH in this third halving, the resilience amid macroeconomic turbulence highlighted Bitcoin's growing adoption as a store of value and hedge against inflationary pressures. Price Projections As the countdown to the 2024 halving continues, various predictions and projections have emerged from analysts and industry experts. JPMorgan analysts anticipate a potential dip in Bitcoin's price to $42,000 post-halving, citing market dynamics and supply-side factors. In contrast, Standard Chartered offers a more bullish outlook, forecasting a price target of $150,000 by the end of 2024 and $250,000 by the end of 2025, which are driven by reduced supply and increased institutional interest. Binance CEO Richard Teng echoes optimism, envisioning Bitcoin surpassing $80,000 by the end of the year, aligning with his earlier projections. Meanwhile, analysts at Bitget Academy predicted a potential $95,000 for BTC this halving. Based on the trends of the three previous halvings, it's reasonable to anticipate a new BTC ATH between August and December 2025. This indicates that we are still in the early stages of Bitcoin's growth trajectory. To read more about Bitget Academy’s BTC price predictions for 2024 halving, please visit Bitcoin Halving: Will We Land on the Moon? How Investors Can Prepare for the 2024 Bitcoin Halving While historical trends and projections offer valuable insights, investors must approach predictions with caution and consider various factors influencing Bitcoin's price dynamics. Market sentiment, macroeconomic conditions, regulatory developments, and technological advancements all play significant roles in shaping Bitcoin's trajectory. Additionally, liquidity in the market can impact price swings, potentially leading to deviations from projected scenarios. With Bitcoin halvings historically triggering significant price volatility, it's essential for retail investors to adopt a strategic approach to navigate the ensuing market dynamics. Understanding the Halving Dynamics The Bitcoin halving, occurring roughly every four years, entails a reduction in the rewards for mining a block, effectively halving the rate at which new Bitcoins are created. This event has historically been accompanied by heightened price volatility, making it a focal point for investors seeking to capitalize on market movements. However, it's crucial for retail investors to manage their expectations and recognize that past performance does not guarantee future results. Managing Expectations and Educating Yourself One key strategy for retail investors is to adopt a long-term mindset and resist the temptation to engage in short-term speculation. Dollar-cost averaging, a method where investors regularly invest fixed amounts regardless of price fluctuations, can help mitigate the emotional impact of investing and promote disciplined decision-making. By adhering to a fixed schedule, investors can avoid the pitfalls of trying to time the market and instead focus on accumulating Bitcoin over time. Practicing Proper Risk Management In addition to managing expectations, retail investors should prioritize proper risk management and diversification. It's essential to conduct thorough research and understand the factors that can influence Bitcoin's price, including inflation, macroeconomic trends, technological developments, and changing regulations. By diversifying their portfolios and managing risks effectively, investors can mitigate downside exposure and position themselves for long-term success in the volatile cryptocurrency market. Going Beyond the Hype While Bitcoin halvings often generate significant hype and speculation, it's crucial for investors to look beyond the surface and focus on fundamentals. Educating oneself about the underlying technology and potential use cases of Bitcoin can help investors make informed decisions based on sound analysis rather than market sentiment. By remaining grounded in reality and avoiding surrendering to hype, investors can navigate the market with greater confidence and resilience. Understanding Macro Influences In addition to understanding the dynamics of Bitcoin halvings, investors should also be mindful of macroeconomic factors that can impact Bitcoin's price. Global trends such as inflation rates and interest rate movements can influence investor sentiment and market dynamics. By staying informed about broader economic trends and their potential implications for Bitcoin, investors can make more informed decisions and position themselves strategically in the market. Looking Towards the Future As retail investors prepare for the upcoming Bitcoin halving, it's essential to maintain a long-term perspective and focus on the broader implications of this event. While halvings may trigger short-term price volatility, they also underscore Bitcoin's core value proposition as a scarce, decentralized asset. By approaching the halving with caution, conducting thorough research, and practicing proper risk management, retail investors can take advantage of the potential of the upcoming Bitcoin halving as an opportunity to capitalize on the market fluctuations and accumulate Bitcoin for long-term wealth accumulation. Trade BTC on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitcoin Had A Brief But Sharp Dip to $40,400, $400 Million On Market Liquidated

As we count down to the Bitcoin halving event each day, the price of Bitcoin has been consistently going upwards, albeit with some hiccups. However, on early December 11, an unexpected surge in selling occurred, catching the market off guard. What caused this sudden and significant change? Let's explore some possible reasons behind this unexpected shift. "Why would it dip???": An Alert for Greedy Investors Perhaps this is currently one of the most frequently asked questions. Just a few days ago, Bitcoin's price shot up to over US$44,000 because of a strong uptrend, possibly boosted by news that BlackRock was making moves for a Bitcoin ETF. However, things changed on the morning of December 11, 2023. Bitcoin suddenly fell from US$42,000 to US$40,400, then quickly bounced back to US$42,190 when this article was written. Despite the rebound, the exceptionally turbulent period led to a substantial loss of leveraged positions, resulting in the liquidation of positions totaling nearly US$409 million. In particular, Bitcoin alone contributed US$104 million, comprising US$90.72 million in long positions and US$13.33 million in short positions, as reported by CoinGlass. This turbulence affected more than 119,000 traders (Source: https://www.coinglass.com/LiquidationData) The Affected Cryptocurrencies The sudden drop in Bitcoin and its quick bounce back had a ripple effect on other altcoins. Alongside Bitcoin, four other tokens—ETH, SOL, XRP, and DOGE—went through significant liquidation. Of these, ETH saw the highest liquidation at US$82 million, followed by US$23.44 million for SOL. Source: https://www.coinglass.com/LiquidationData As of now, this recent crash in the crypto market may not have a direct explanation, but it can be mainly attributed to 3 possibilities: Upcoming US Inflation Data and Federal Reserve Decision This week, the Federal Reserve will announce inflation data in the United States and make its final decision on policies for the year, with the probability of the Federal Reserve cutting interest rates next year being reduced. No matter the outcome, these announcements that are scheduled for Wednesday could affect aggressive bets that people have made on interest rate cuts. Interestingly, the price of Bitcoin was still considered "stable" a few days back when the unemployment rate was announced for November. The rate went down to 3.7%, which is an improvement from the 3.9% reported in October (Based on information from the Bureau of Labor Statistics). Market Deleveraging According to Richard Galvin, co-founder of Digital Asset Capital Management, the market downturn might not be tied to any specific news but could result from market deleveraging, since market leverage had risen materially. Bitcoin Chicago Mercantile Exchange (CME) Futures Gap A few days ago, analyst Willy Woo suggested that there's a gap in the Bitcoin Chicago Mercantile Exchange (CME) futures market that needs to be filled. As CME futures don't trade continuously, this leads to differences between closing and opening prices based on Bitcoin's price movement when the market is closed. With this volatility, Willy Woo speculates that Bitcoin's price might fluctuate between the price levels of US$39,000 and US$41,000. Source: X Keep Your Fingertips On The Heat of the News In this unpredictable market, it's important to be careful regarding information and predictions from the media and influential figures. The price of assets can be influenced by various factors, and it's crucial to recognize that it might not always reflect the true trends of the market. Hence, it's essential for you to do thorough research before making any investment decisions. Whether you're considering taking advantage of a Bitcoin price dip or simply keeping an eye on the current market situation, Bitget Academy is dedicated to providing you with more detailed information and the latest news. Explore the other trending news we have for you: SEC Delaying Franklin's BTC ETF and BTC Breaking $40k How Mint Cash Caused USTC To Soar 400% BRC-20 Tokens: A Step Back and Forward Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

A Week of Highs and Lows: Cathie Wood’s Bullish Crypto Predictions and Binance’s Regulatory Woes

TL;DR: - Cathie Wood complimented Solana and predicted that the BTC price could reach $1 million. - Binance was fined $4.3 Billion by the US Department of Justice. CZ resigned as CEO of Binance and Richard Teng was appointed as the new CEO. - These two recent events brought about opposite sentiments and market movements in the crypto market, underscoring the volatile nature of crypto as well as the needs for caution and vigilance on the part of traders and investors. In the tumultuous seas of the crypto market, two significant events have recently made waves. On one hand, we have Cathie Wood, the CEO of ARK Invest, casting optimistic predictions about Bitcoin and Solana, creating ripples of hope among investors. On the other hand, Binance, the world’s largest cryptocurrency exchange, battled a storm of regulatory challenges, with its CEO, Changpeng Zhao (CZ), stepping down amidst a hefty $4.3 billion fine from the US Department of Justice (DOJ). This article navigates these turbulent waters, exploring how these contrasting currents impact the broader ebb and flow of the crypto industry. The Bullish Tide - Cathie Wood’s Predictions On November 16, 2023, Cathie Wood, the influential founder of ARK Investment Management, made headlines with her optimistic outlook on the cryptocurrency market, particularly praising the Solana network and predicting a substantial surge in Bitcoin's price. Wood's comments had an immediate impact on the market, triggering notable increases in SOL, BTC, and ETH prices. Cathie Wood's Affirmation of Solana's Strength During a televised interview with CNBC, Cathie Wood commended the Solana network for its efficiency and cost-effectiveness, drawing comparisons to Ethereum. Wood highlighted Solana's remarkable speed and affordability, positioning it as a standout player in the blockchain ecosystem. This endorsement led to a significant surge in Solana's price. Following Cathie Wood's praise, Solana experienced an impressive 18% surge in 24 hours and an astonishing 52% surge in one week, reaching $67.69. Analysts attributed this surge to a potential price correction after a prolonged period of undervaluation. Notably, Solana's performance outpaced other blue-chip cryptocurrencies, positioning it as the best-performing in its category. Bitcoin's Million-Dollar Vision In a different interview with Wall Street Journal around the same time, Cathie Wood reiterated her optimistic long-term vision for Bitcoin, forecasting that its price could reach between $1 million and $1.5 million per coin. She said that cases like the collapse of FTX and Celsius only emphasized the fact that centralized organizations with little transparency like those are prone to failure, while truly decentralized platforms like Bitcoin and Ethereum continue to thrive due to their inherent transparency and trustless nature. Following Wood's bold comments, Bitcoin experienced a notable price increase, rising 7.31% to $37,878.95 within a day. Such immediate impact on Bitcoin's price highlighted the influential role that prominent figures, like Cathie Wood, play in shaping market sentiment and driving price movements. Wood's positive sentiments also extended to Ethereum. While not as pronounced as Solana and Bitcoin, Ethereum experienced a modest 5.34% surge in price to $2079.1 within the same timeframe. This response underscored the interconnected nature of the cryptocurrency market, where endorsements and predictions from influential figures can create a ripple effect across various assets. The Choppy Waters - Binance’s Regulatory Issues Last week, the CEO of Ark Invest, shared her positive outlook on the future of cryptocurrencies, emphasizing their potential for growth and mainstream adoption. This week, the landscape has swiftly shifted with the Binance saga, injecting an element of uncertainty into the crypto market. CZ Resigns as CEO of Binance; Binance Fined US$4.3 Billion In a shocking turn of events, Changpeng Zhao, popularly known as CZ, has resigned as the CEO of Binance Holdings Ltd., the world's largest cryptocurrency exchange. This decision comes as part of a sweeping settlement with the US government over allegations of anti-money laundering and US sanctions violations. Binance, a powerhouse in the crypto industry, is set to pay a staggering US$4.3 billion in fines, making this one of the largest corporate agreements in US history. The settlement brings an end to a years-long investigation into Binance's operations in the US, revealing a range of illicit activities. The charges against Binance and CZ include failure to prevent and report suspicious transactions with alleged terrorist organizations. The US government's allegations also encompass operating an unlicensed money transmitting business and violating US sanctions. The settlement's financial repercussions are significant. Binance has agreed to a substantial settlement, which includes a criminal fine of US$1.8 billion and an additional forfeiture of US$2.5 billion. This brings the total amount of fines to US$4.3 billion, the largest amount of corporate settlement ever in US history. CZ, who played a pivotal role in Binance's rise to prominence, will pay a US$50 million fine. Although he faces the possibility of a 10-year prison sentence, a plea deal may see him serving no more than 18 months. The Justice Department is yet to finalize the length of the prison term they will seek for CZ. The settlement also brings forth a change in leadership at Binance, with Richard Teng set to succeed CZ as CEO. Teng, a civil servant-turned-crypto executive, had been appointed as the head of all regional markets outside the US by CZ in late May. Now, he assumes the responsibility of navigating Binance through the aftermath of the legal settlement and restoring confidence among the exchange's 150 million users. Crypto Market Turbulence Following Binance’s Settlement The aftermath of the settlement with the Justice Department on multiple charges led to a cascade of consequences, notably impacting futures traders and triggering over US$200 million in crypto liquidations. Data from CoinGlass revealed that crypto perpetual futures positions worth US$227 million were liquidated within the past 24 hours, with bullish longs accounting for nearly 80% of the total liquidations. Bitcoin, the flagship cryptocurrency, experienced over US$65 million worth of liquidations in the futures markets, marking one of the highest liquidation events in 2023. The impact extended beyond Bitcoin, with traders of ETH futures incurring losses of US$27 million, SOL traders facing US$10 million in liquidations, and BNB, the token created by Binance, seeing comparatively smaller losses at US$6 million. Among all exchanges, traders at Binance faced the most significant liquidations, totaling US$100 million, while OKX, another crypto exchange, took US$62 million in liquidations. The scale and speed of these liquidations underscore the volatility in the market and the immediate repercussions of major events on leveraged positions. The repercussions of Binance's legal troubles extended beyond the futures market, affecting the broader cryptocurrency landscape. The news of CZ's guilty plea and the hefty fine resulted in a market-wide decline. BNB slid by more than 9%, adding to the woes of investors who had initially anticipated a positive resolution to the multiyear investigation. This downturn had a ripple effect across other cryptocurrencies. Bitcoin dipped by 1.53%, hovering around US$36,000 and dropping to US$35,756.55 at one point, while Ether experienced a 2.1% decline, settling around US$1,992.43. Other altcoins were also affected, with XRP falling by 3.2%, SOL dropping more than 4%, while MATIC losing 7.8%. Conclusion The recent turbulence in the cryptocurrency markets, fueled by Binance's legal challenges, CZ's resignation, and the hefty fines imposed on the exchange, underscores the fragility of the crypto landscape. The uncertainty surrounding Binance's future without CZ has added an extra layer of complexity to an already dynamic market. Michael Safai, co-founder and partner at Dexterity Capital, remarked, "It's hard to see Binance losing its dominance, but this will certainly create room for newer players to fill any void." This period of upheaval follows closely on the heels of Cathie Wood's optimistic interviews last week, where her positive sentiments contributed to a surge in crypto prices. The sharp contrast between last week's optimism and the current challenges faced by Binance highlights the volatile nature of the cryptocurrency market. Wood's interviews, coupled with the unfolding events at Binance, emphasize the intricate interplay between influential figures, major exchanges, and the broader market. The recent events highlight the interconnected nature of major cryptocurrency exchanges and their ability to influence the broader market with their legal and regulatory challenges. As the crypto community navigates through these challenging times, traders and investors are advised to exercise caution and stay vigilant. The ongoing legal and regulatory issues faced by major players like Binance underscore the need for a proactive approach to risk management. The market is expected to continue experiencing fluctuations, driven by both internal dynamics and external factors. Though the crypto industry remains resilient no matter what, these recent events serve as a reminder of the importance of diligence and strategic decision-making in a space where rapid developments can significantly influence market trends. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

CZ Quits CEO Role, Binance Faces $4.3 Billion Fine

It all started and finished with a long post on X (formerly Twitter). Changpeng Zhao (CZ), the face of Binance, decided to step down as CEO. This significant decision came after DOJ press release on November 21, stating that Binance and its CEO pleaded guilty to federal charges in a US$4.3 billion settlement. After a lengthy conflict involving Binance, the SEC, and the DOJ, CZ's resignation has created quite a buzz in the cryptocurrency world and its market. Let us take you through the key moments of this incident. Quick Recap June 2023: SEC sues Binance The Securities and Exchange Commission (SEC) is suing Binance and its CEO, Changpeng “CZ” Zhao, for violating U.S. securities trading rules. They've brought forth 13 charges, including: Tried to bring in customers from the United States to its unregulated global trading platform; Misappropriating users' funds; Providing regulators and investors with false or exaggerated information. July 2023: Binance lays off employees Under increasing pressure from regulatory investigations in the United States, Binance has downsized its workforce just days after experiencing a series of executive departures. More than 1,000 people have been laid off in the past few weeks. September 2023: Binance.US CEO Brian Shroder stepped down The legal battle involving the SEC, Binance, and CZ has escalated. Binance.US CEO Brian Shroder left the job after two years, and Binance.US is saying goodbye to a third of its employees. 21 November 2023: Binance and CZ have admitted guilt to federal charges The press release by the U.S. Department of Justice (DOJ) stated that Binance admits it engaged in violations related to anti-money laundering, such as maintaining an effective AML program, as well as unlicensed money transmitting and sanctions. This is the biggest corporate settlement ever, and even the top guy, CZ, is facing criminal charges. CZ could be looking at a max of 10 years in jail and a hefty US$50 million fine, though his actual punishment might end up being less. 22 November 2023: CZ Resigns from Binance CEO role Shortly after the news, CZ posted a long and heartfelt message, announcing he had decided to resign and take a breather from his career before he started taking up DeFi-related interests and more. As of 4:36 am on 22 Nov, CZ announced he will bid farewell to his CEO role While many of his 8.7 million fans on X may feel heartbreaking, CZ mentioned, “As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed,” in his post. He also tagged the person who will continue his mission in the post, namely Richard Tang, who “was” the Global Head of Regional markets in Binance. Who is the new Binance CEO, Richard Teng? While Richard Teng might not be as well-known on social media as CZ, his extensive experience suggests he's well-prepared for the role. With a notable history, including but not limited to: 6 years as the CEO of Abu Dhabi Global Market (ADGM) from 2015 to 2021 7 years as the CRO at Singapore Exchange Limited (SGX) from 2007 to 2015 Richard's experience could mean smooth sailing for the company's future. However, it is far too early to foresee this, and the ripple is bigger than just a change of role in Binance. How Will This Change Affect the Cryptocurrency Market? As of the time this article was published, Bitcoin (BTC) has seen a 2.3% drop in the last 24 hours, while Binance Coin (BNB) experienced a more significant decline of 8.8%. Source: coingecko.com It's worth noting that when the news about Changpeng Zhao (CZ) dealing with the SEC first surfaced in June 2023, Bitcoin experienced a significant 6% drop, hitting a three-month low at US$26,000. For now, the market is still digesting both Binance’s federal charges outcome and CZ’s resignation news. Brace yourself for potential shake-ups among the crypto exchange big players in the days and months to come. Conclusion The rise and fall of the big players have proved that transparency matters, be it to users, stakeholders, or government-regulated bodies. One of the methods to know whether a crypto exchange is safe and transparent is to check their proof of reserves, and whether it’s verifiable through Merkle Tree. Merkle tree is used to prove that a cryptocurrency exchange has the reserves it claims to have. No matter how the crypto world or market fluctuates, it’s our own responsibility to ensure we have placed our assets in a secure space. Disclaimer: The views, information, or opinions expressed in the report are intended for informational and educational purposes only. It is not intended or offered to be used as legal, tax, investment, financial, or other advice. Under no circumstances are Bitget, our employees, agents, partners, and/or co-operations responsible for any decision made, action taken, or result obtained from or in reliance on the use of the information herein. Any investment or trading ideas, strategies, or actions should never be taken without first taking into consideration each individual's personal and financial situation, and/or without consulting financial professionals.

Bitget Research: Strong US Dollar Dampens BTC’s Momentum, Short-term Market Hype Cools Down

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: LMWR (Token) — This is a platform for creators that provides a forum for creators and fans. It helps artists, musicians, and video creators develop their own communities and generate additional income. On May 17th, the project announced that exchanges like Kraken, Crypto.com, Gate, Bybit, and Kucoin have listed the token, leading to an increase in on-chain activity. GALA v2 (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. Stimulated by this news, the GALA token has risen 17% in the past 24 hours. GEN (Token) — Positioned as Chad’s meme, GEN has an on-chain liquidity of US$1.21 million, a trading volume of US$13.02 million in the past 24 hours, and a market cap of US$7.83 million. Contract checks reveal the ability to set a blacklist. The token has received a relatively high degree of attention from the community, making it one to stay updated on. ZION (Token) — The token was launched on February 14, and the price increased more than 300x after the trading started. Buyers of the token receive an additional 4% of tokens, while sellers are subject to a 10% tax. The current on-chain liquidity is US$31,000, with a trading volume of US$896,000 in the past 24 hours. The trading volume has severely shrunk. It is essential to stay updated on this token. MONKEYS (Token) — This project capitalizes on Elon Musk’s Twitter list named “Monkeys,” which currently follows no accounts. The current on-chain liquidity is US$1.06 million, and the trading volume in the last 24 hours is US$2.34 million. The token has seen an approximately 50x increase from its bottom, and contract checks have shown no issues. It is essential to stay updated on this token. PENGU (Token) — A meme featuring a penguin image, with 1422 followers on Twitter. The on-chain liquidity is US$169,000, and the trading volume in the last 24 hours is US$3.83 million. Contract checks reveal anti-whale measures, adjustable anti-whale settings, and the ability to set a blacklist. It is essential to stay updated on this token. CLUB (Token) — This is a club with a penguin as its IP. The token has just launched, with an on-chain liquidity of US$82,000 and a trading volume of US$4.12 million in the last 24 hours. The token is experiencing significant volatility. Contract checks reveal features like transaction cooldown, anti-whale mechanisms, and the ability to set a blacklist. It is essential to observe this token. BEN (Token) — This is a meme supported by Twitter influencer @Bitboy_Crypto. The on-chain liquidity is US$2.85 million, and the trading volume in the last 24 hours reached US$5.42 million. Contract checks have shown no issues. The token price recently hit a new high. It is essential to stay updated on this token. LOVESNOOPY (Token) — This is a memecoin using Snoopy as its IP prototype. It has just announced its launch on MXC, with an on-chain liquidity of US$4.22 million and a trading volume of US$6.37 million in the past 24 hours. Contract checks have shown no issues. The token has experienced a 15x increase from the bottom, and the current market cap is US$192 million. It is essential to observe this token. pepeGPT4 (Token) — This is a meme with a mixed concept of Pepe and GPT. It has an on-chain liquidity of US$127,000, with a trading volume of US$4.6 million in the past 24 hours and a market cap of US$2.32 million. The contract has shown no issues. It is essential to stay updated on this token. Aione (Token) — This is an AI concept token, positioned as an AIaaS platform. The on-chain liquidity is US$218,000, the trading volume in the last 24 hours is US$1.27 million, and there are 3703 holders. Contract checks have shown no issues. It is essential to stay updated on this token. W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$440,000, and the 24-hour trading volume is US$82,000. Contract checks reveal potential mint function. It is essential to observe 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. It has a current on-chain liquidity of US$791,000, a 24-hour trading volume of US$505,000, and 45,600 holders. Recently, the token has seen a 20x increase from its bottom, making it an essential token to stay updated on. 2.Popular NFTs: Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. Layer3 (NFT) — The NFT voucher issued by the well-known on-chain task platform Layer3. Users who complete related project tasks on the Layer3 platform can apply for the NFT voucher to get potential profits from the project team. The on-chain task platform is also a good place to discover early projects, making it an essential platform to stay updated on. 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 547,000 unique wallet addresses on the zkSync Era mainnet, with 204,000 ETH bridged to zkSync and a total of 667,000 transfers. The user activity remains solid, showing an upward trend recently. TinyTap (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. 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. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. Lighter Router (DApp) — A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. 4.Twitter Hot Topics: ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. SUI (Token) — The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. SUI started its APAC office hours the day before yesterday, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. 5.Regional Trending Searches: Ledger (DApp) — Hardware wallet Ledger has introduced an ID-based key recovery service called “Ledger Recover”, which has met strong opposition from some users. This feature has faced criticism due to its requirement for KYC registration, with some users arguing that it goes against the privacy values held by many in the crypto community, undermining the purpose of hardware wallets. PulseX (Token) — The upcoming mainnet launch of the Pulse Network, a project by the famous influencer Richard Heart, has sparked enthusiasm within the Pulse chain community. According to the information on the official website of PulseX, Pulsechain will be a more energy-efficient and secure fork of the ETH; it will fully replicate all assets on Ethereum, such as Hex, Link, Uni, USDC, Dai, etc.; and all Ethereum holders will be airdropped PLS tokens. Main Body Written by: Bitget Research Data collection time: May 17, 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: 394,651 New active users of ETH: 74,295, with a daily decrease of 5.07% Existing active users of ETH: 320,356, with a daily decrease of 4.84% 1.1.2 New User Profile Core data: There were a total of 74,295 new active users on ETH yesterday, with a daily decrease of 5.07% 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 547,000 unique wallet addresses on the zkSync Era mainnet, with 204,000 ETH bridged to zkSync and a total of 667,000 transfers. The user activity remains solid, showing an upward trend recently. LMWR (Token) — This is a platform for creators that provides a forum for creators and fans. It helps artists, musicians, and video creators develop their own communities and generate additional income. On May 17th, the project announced that exchanges like Kraken, Crypto.com, Gate, Bybit, and Kucoin have listed the token, leading to an increase in on-chain activity. https://www.dextools.io/app/en/ether/pair-explorer/0x5c2891e67cba6b5481f89d3701a78a1cfdac117f 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 320,356, with a daily decrease of 4.84% Popular Sectors Popular Projects Key Projects: GALA v2 (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. Stimulated by this news, the GALA token has risen 17% in the past 24 hours. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 GEN (Token) — Positioned as Chad’s meme, GEN has an on-chain liquidity of US$1.21 million, a trading volume of US$13.02 million in the past 24 hours, and a market cap of US$7.83 million. Contract checks reveal the ability to set a blacklist. The token has received a relatively high degree of attention from the community, making it one to stay updated on. https://www.dextools.io/app/en/ether/pair-explorer/0x1ca4713fc4a95f76fcb498b2a5fe8759c53df1a1 ZION (Token) — The token was launched on February 14, and the price increased more than 300x after the trading started. Buyers of the token receive an additional 4% of tokens, while sellers are subject to a 10% tax. The current on-chain liquidity is US$31,000, with a trading volume of US$896,000 in the past 24 hours. The trading volume has severely shrunk. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x559a3b93771cf03eb501d3fb88e647a251d6b98a MONKEYS (Token) — This project capitalizes on Elon Musk’s Twitter list named “Monkeys,” which currently follows no accounts. The current on-chain liquidity is US$1.06 million, and the trading volume in the last 24 hours is US$2.34 million. The token has seen an approximately 50x increase from its bottom, and contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xa67ceebf094b32ff3313f9a63150c74792a1acdc PENGU (Token) — A meme featuring a penguin image, with 1422 followers on Twitter. The on-chain liquidity is US$169,000, and the trading volume in the last 24 hours is US$3.83 million. Contract checks reveal anti-whale measures, adjustable anti-whale settings, and the ability to set a blacklist. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xd76d3bc1e2d5954de690cd9987cc073458ec0e0d CLUB (Token) — This is a club with a penguin as its IP. The token has just launched, with an on-chain liquidity of US$82,000 and a trading volume of US$4.12 million in the last 24 hours. The token is experiencing significant volatility. Contract checks reveal features like transaction cooldown, anti-whale mechanisms, and the ability to set a blacklist. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdf865a573173fbe05293460d8ea6c55dd71f779b 1.2.2 Uniswap V3 BEN (Token) — This is a meme supported by Twitter influencer @Bitboy_Crypto. The on-chain liquidity is US$2.85 million, and the trading volume in the last 24 hours reached US$5.42 million. Contract checks have shown no issues. The token price recently hit a new high. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdce93ed9ae7c53143e19cf799d156b72d1cc2777 LOVESNOOPY (Token) — This is a memecoin using Snoopy as its IP prototype. It has just announced its launch on MXC, with an on-chain liquidity of US$4.22 million and a trading volume of US$6.37 million in the past 24 hours. Contract checks have shown no issues. The token has experienced a 15x increase from the bottom, and the current market cap is US$192 million. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0x4fc81c84a732b4eb5fc739673d328ce7ffe37539 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,502,593 New active users on BSC: 227,680, with a daily increase of 11.86% Existing active users on BSC: 1,274,913, with a daily increase of 1.94% 2.1.2 New User Profile Core data: There were a total of 227,680 new active users on BSC yesterday, with a daily increase of 11.86% Popular Sectors Popular Projects Key Projects: TinyTap (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. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,274,913, with a daily increase of 1.94% 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. Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha (https://zkbridge.com/nft) are part of the activity conducted by Polyhedra x Galxe (https://galxe.com/polyhedra/campaign/GCW7sUEAyS). Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the event on Galxe. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 BOJACK (Token) — A meme project that was launched 3 days ago. The total on-chain liquidity is $284,000, with a 24-hour trading volume of $7.22 million. It plummeted by 56% today. Contract checks reveal adjustable transaction tax, making it essential to observe this token cautiously. https://www.dextools.io/app/en/bnb/pair-explorer/0x0f520ccd68b12c2649a48927a8c1c94fa1bf9429 BIBI (Token) — A Twitter bird-shaped memecoin that is widely circulated in the Chinese community. The liquidity pool depth is US$313,000, and the daily trading volume is US$1.63 million. It has increased by 14% in the last 24 hours. https://www.dextools.io/app/cn/bnb/pair-explorer/0xbabfb8eac3d264e5e55a22f7bd83e73aa3227e9f pepeGPT4 (Token) — This is a meme with a mixed concept of Pepe and GPT. It has an on-chain liquidity of US$127,000, with a trading volume of US$4.6 million in the past 24 hours and a market cap of US$2.32 million. The contract has shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x0be02bd043305b0c7afc6bf835174d2e3cb6c7a5 Aione (Token) — This is an AI concept token, positioned as an AIaaS platform. The on-chain liquidity is US$218,000, the trading volume in the last 24 hours is US$1.27 million, and there are 3703 holders. Contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x9019e812a436003ad2c515492cffb784937ab2aa 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 460,381 New active users on Polygon: 121,118, with a daily decrease of 1.44% Existing active users on Polygon: 339,263, with a daily increase of 8.11% 3.1.2 New User Profile Core data: There were a total of 121,118 new active users on Polygon yesterday, with a daily decrease of 1.44% Popular Sectors Popular Projects Key Projects: Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. Layer3 (NFT) — The NFT voucher issued by the well-known on-chain task platform Layer3. Users who complete related project tasks on the Layer3 platform can apply for the NFT voucher to get potential profits from the project team. The on-chain task platform is also a good place to discover early projects, making it an essential platform to stay updated on. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 339,263, with a daily increase of 8.11% Popular Sectors Popular Projects Key Projects: ZED RUN (DApp) — A horse racing game that has already launched, with 67,000 followers on Twitter and 231,000 monthly visits according to Similarweb. The majority of visitors are from the United Kingdom (40.33%) and the United States (40.07%). The game is very popular within its community. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$440,000, and the 24-hour trading volume is US$82,000. Contract checks reveal potential mint function. It is essential to observe this token. https://www.dextools.io/app/en/polygon/pair-explorer/0xa90c1c009dc8292bd04ced30f9b53a5ff7a806a0 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 249,032 Arbitrum New Active Users: 57,711, with a daily increase of 28.06% Arbitrum Existing Active Users: 191,321, with a daily increase of 6.78% 4.1.2 New User Profile Core data: There were a total of 57,711 new active users on Arbitrum yesterday, with a daily increase of 28.06% Popular Sectors Popular Projects Key Projects: Orbiter (DApp) — A cross-chain bridge that currently supports cross-chain transactions between 11 chains. When users interact with networks such as zkSync Era/Lite, the gas cost of using the official cross-chain bridge to cross-chain from the ETH mainnet to zkSync is relatively high. Many users choose to use Orbiter to cross-chain from the Arbitrum chain to the zkSync network. Bungee (DApp) — A cross-chain aggregator with high expectations for airdrops and overall operational popularity. On February 21st, the project launched a new beta version of its product, and it has 66,100 followers on Twitter, including 106 influencers. The product was already integrated into Polygon zkEVM. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 191,321, with a daily increase of 6.78% Popular Sectors Popular Projects Key Projects: Lighter Router (DApp) — A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 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. It has a current on-chain liquidity of US$791,000, a 24-hour trading volume of US$505,000, and 45,600 holders. Recently, the token has seen a 20x increase from its bottom, making it an essential token to stay updated on. Taikula (Token) — Taikula is a memecoin project aimed at becoming the most recognizable project in the meme world. The token’s current DEX liquidity depth is US$198,000, with a total market cap of US$398,000. The token has essentially hit almost zero recently. Trading comes with high risks under current market conditions. Participation should be done with caution. 5.DApp Ecosystem — All Chains AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem. Today, it will launch the NFT launchpad for the Web3 MMORPG game Avalon The Game, including 4 NFTs: The Druidic Cross of Conrad, The Knight of the Round Table, Large House & Village Farm Land. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. 6.DApp Ecosystem — ETH Chain The Captainz (NFT) — The main NFT of Memeland (https://opensea.io/collection/thecaptainz). Behind Memeland is the Web3 risk studio 9GAG, with over 200 million+ monthly views. Since its launch, the floor price of its NFT has nearly doubled. The Captainz represents the top members of Memeland and the members will have priority to obtain $memecoin benefits. LIDO (DApp) — As a leading project in the LSD sector, it officially launched its V2 version yesterday through on-chain voting. This new version introduces direct withdrawal and a new staking module, allowing stakers to directly unstake their Ethereum through Lido. According to on-chain data, many whales have recently been hoarding Lido. Benefiting from the ETH LSD market trend, the platform’s token has been performing well recently, rebounding over 30% from its recent low, with a 24-hour trading volume of US$100 million. 7.DApp Ecosystem — BSC Chain CyberConnect (DApp) — The Web3 social network CyberConnect, set for an ICO on Coinlist, has released a Litepaper. The three core components of CyberConnect are CyberProfile, CyberConnect Social Graph, and the currently under-development smart contract wallet, CyberWallet. The native token of CyberConnect, CYBER, is used for governance, CyberProfile mint payments, and gas payments in CyberWallet. CyberWallet is under development and will be deployed on Ethereum, Optimism, Arbitrum, BNB Chain, Base, and Polygon. Meta Merge (DApp) — A metaverse project combining AIGC, NFT, DeFi, and gaming, supported by UltiverseDAO. Capture pets, defeat enemies, mint NFTs, and embark on your adventure in the world of monsters in Meta Merge. The rebirth function was launched yesterday to unleash the power of game pets. 8.DApp Ecosystem — Polygon Chain Pixels (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. 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. 9.DApp Ecosystem — WAX Chain AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem. Today, it will launch the NFT launchpad for the Web3 MMORPG game Avalon The Game, including 4 NFTs: The Druidic Cross of Conrad, The Knight of the Round Table, Large House & Village Farm Land. Realm NFT (DApp) — A strategic resource management game set in the context of a world war. Players can save the world with teamwork and earn tokens by playing the game. The main features of the game have been developed and launched. Its 8th season event officially kicked off yesterday and has been well-received. 10.DApp Ecosystem — Solana Chain Magic Eden (DApp) — The largest NFT trading marketplace on Solana, it has transitioned to multi-chain development recently. It launched Wasta Corp’s Launchpad project recently, with all 3000 units sold out. The secondary market trading activity is average. 11.DApp Ecosystem — Arbitrum Chain Li.Fi (DApp) — A cross-chain bridge and DEX aggregator, LiFi automatically selects the best trading route, using the most liquid and cheapest fees to allocate assets at the lowest cost. The project raised $5.5 million in funding in July 2022, led by 1kx. Its trading platform, JumperExchange, is conducting an exclusive task promotion with Layer3, leading to an increase in its popularity. Rhino.fi (DApp) — A DeFi project deployed on the zKsync Era, currently running promotions. Through Rhino.fi, cross-chain transaction fees from ETH to the zKsync ecosystem are halved. The project also supports users in cross-chain asset operations from Arbitrum. As a native project on zKsync, interacting with Rhino may result in Zksync and Rhino’s own airdrop rewards. 12.DApp Ecosystem — GameFi Sector Across All Chains 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. The platform is currently preparing a promotion for the cooking game Norma in Metaland and will launch NFTs soon. 13.Gas Fee Consumption — ETH Chain GALA (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. As promised in the 2023 Gems Vision Plan document, the team will destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. 14.Gas Fee Consumption — BSC Chain The contract address named Seg Finance: CrazyShoes Mall is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has reached 19,658 holders, with 95% of the chips concentrated in one EOA address. It’s hard to determine what kind of DApp or whatever this contract address is, as detailed information is hard to find on social media and search engines. 15.Gas Fee Consumption — Polygon Chain XEN (DApp) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, with the top three occupied by contracts like XEN Torrent, 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.” 16.Gas Fee Consumption — Arbitrum Chain Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. On May 1st, it announced that its protocol processed a total trading volume of US$2.3 billion in April, which indicates a significant growth in the protocol data. 17.Twitter Trends Token Top 20 ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. SUI (Token) — The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. SUI started its APAC office hours the day before yesterday, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. 18.Google Trends — Global Ledger (DApp) — Hardware wallet Ledger has introduced an ID-based key recovery service called “Ledger Recover”, which has met strong opposition from some users. This feature has faced criticism due to its requirement for KYC registration, with some users arguing that it goes against the privacy values held by many in the crypto community, undermining the purpose of hardware wallets. PulseX (Token) — The upcoming mainnet launch of the Pulse Network, a project by the famous influencer Richard Heart, has sparked enthusiasm within the Pulse chain community. According to the information on the official website of PulseX, Pulsechain will be a more energy-efficient and secure fork of the ETH; it will fully replicate all assets on Ethereum, such as Hex, Link, Uni, USDC, Dai, etc.; and all Ethereum holders will be airdropped PLS tokens. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: DREP, SAND b) Southeast Asia Region Philippines Trending Tokens: TRX, XRP, MATIC, BTC, SLP Indonesia Trending Tokens: XEN Vietnam Trending Tokens: dana crypto capital c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto credit card 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: dune b) English-speaking Countries USA Trending Tokens: DREP, LMWR Australia Trending Tokens: DOT, DREP, AIDOGE, DAI Canada Trending Tokens: PI, IOTA, GME UK Trending Tokens: XEN, GFI, SHIB c) Europe Poland Trending Tokens: HEX Spain Trending Tokens: AIDOGE, ADAX, RUNE, DREP, VRA Italy Trending Tokens: ICP, CRO France Trending Tokens: TAO, CANTO, DREP, CAKE Germany Trending Tokens: HNT, GALA Turkey Trending Tokens: GPT 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: dca crypto meaning, crypto faucet, berry max trading b) Middle East Trending Keywords: tradingview, quantify crypto c) Latin America Brazil Trending Tokens: KSM, AAVE, GALA, XEN Argentina Trending Tokens: SHIB

Bitget Research: Exchange Rate Between ETH and BTC Surges 3% in a Single Day, Altcoins Experience a General Rally

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: SUIBG (Token) — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. Blur (Token) — On March 28, Blur platform traded a total of 14,000 ETH, while OpenSea traded 5523 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.52 USDT. The short-term price of BLUR is expected to continue to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to keep track of the progress of subsequent products. ARB (Token) — The claiming rate for the Arbitrum airdrop has reached 87% over the past 5 days, and the selling pressure from the airdrop has basically ended. In the past two days, the TVL of the top ten chains has increased by 10% against the trend, with high retention of funds and activity. After suffering a significant sell-off following the airdrop, the ecosystem has been supported and rebounded. Large holders continue to buy in, including ARB, GMX, and GRAIL, with the largest increase in the past 24 hours being 13%, 20%, and 14%, respectively. SHOBBES (Token) — Positioned as Hobbes’ girlfriend, and Hobbes is Elon Musk’s pet dog. With these connections, the popularity of SHOBBES has increased, with a liquidity of $23,000 on the chain and a 24-hour trading volume of $557,000. Contract detection shows a 3% buying and selling tax and risk of the ability to pause trading. It is essential to stay updated on this token. LOVE (Token) — Positioned as the official memecoin of Pormchain, the token has only been listed for two days with on-chain liquidity of $100,000 and a 24-hour trading volume of $795,000. The token has seen a 51% decline in the past 24 hours, and there is a 10% sell tax and risk of the ability to pause trading. It is essential to observe this token. CODE (Token) — CODE is positioned as an AI meme concept, and the project has not made any tweets so far. The on-chain liquidity is $7300, with a 24-hour trading volume of $69,000. In a single day, the token has seen an 80% drop, and there is a 5% buy and sell tax with the risk of pausing trading. It has large price fluctuations, making it an essential token to be aware of. HOBBES (Token) — Hobbes is a MEME community formed by claiming to be Elon Musk’s dog. The token had a TGE on March 21 and started trading on DEX. The contract has no fatal issues, and the current token liquidity pool is $482,000 with a 24-hour on-chain trading volume of $1.75 million. It has performed well, making it an essential token to stay updated on. HEX (Token) — Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a blockchain certificate of deposit. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $6.58 million in the last 24 hours. It has received high attention from the community. PAW (Token) — This is a DEX built on Shibarium. The Twitter account is showing as banned. The token has been fluctuating significantly, with a 10x increase from the bottom before entering a correction phase. In the past 24 hours, the trading volume was $610,000, while trading activity has decreased. It is essential to stay updated on this token, especially after its adjustment is complete. Bitget has listed this token. SQUA (Token) — The project claims to be a payment token. It has a liquidity pool of $6.28 million and a daily trading volume of $1.99 million. It has good volume and a clean contract, making it an essential token to stay updated on. PEOPLE (Token) — PEOPLE is a token on BSC, with 28,923 holders and $76,000 in liquidity. The token had a 24-hour trading volume of $133,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. TIME (Token) — The token plummeted by 96% today, with an on-chain pool of only $81,000, while the 24-hour trading volume has reached $5.38 million. The trading volume is growing rapidly. Contract analysis shows no issues. It is essential to stay updated on this token. AI (Token) — This is a token with a focus on the chat AI concept. It has an on-chain liquidity of $294,000, and a 24-hour trading volume of $607,000. The contract analysis shows no major risks. It is important to keep a close watch on this token. GMX (Token) — This is a leading derivative DEX on Arbitrum with a strong recent price performance. After a period of correction, it has quickly rebounded, with a 14.5% increase over the past two days. It is important to keep a close watch on this token in the future. 2.Popular NFTs: y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. To Ethereum, with Love (NFT) — This NFT is a commemorative NFT gift from Polygon Labs that marks the Beta launch of the Polygon zkEVM mainnet. These NFTs can be minted on platforms such as fair.xyz, and there are currently over 21,000 holders. BROZO (NFT) — A highly popular NFT recently sold out shortly after it was made available on Public Mint on Polygon. It trended as the top NFT on OpenSea and has seen significant trading volume on Magic Eden. Currently, there are 3,861 holders with a floor price of 78MATIC. 3.Popular DApps: zkSync Era, zkSync (DApp) — Due to the impact of Arbitrum’s airdrop, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, the number of independent wallet addresses on zkSync Era’s mainnet has reached 145,000, with 29,400 ETH cross-chained to zkSync, and a total of 167,000 transfers. User activity continues to increase. Starknet: StarknetEthBridge (DApp) — Similarly benefiting from the airdrop expectations, Starknet’s user activity is also ranking high. The total number of transfers on the network has reached 303,000, with a total of 231,000 users. The peak of interaction was on March 25th, with 14,000 daily users and 15,400 transfers, an increase of 27x and 28x respectively compared to the bottom level in early March, indicating a very rapid growth rate. Chiliz (DApp) — On March 28th, Chiliz announced that it will launch the Chiliz Sports Blockchain on May 10th, which has gained a lot of attention from the community. The community believes that the launch of the mainnet can bring more empowerment to CHZ, strengthen the value of the entire network, and increase the on-chain activity. Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. HOOK (DApp) — HOOK has been running an operation to create AI-generated comics. It shared some beautifully crafted technical works on Twitter to promote its project. With the recent popularity of AI, the spread effect on Twitter is good. On March 28th, it announced that it would be the only AIGC technology partner for the BNB Chain Easter Egg Hunt 2023, continuously strengthening the concept of AI+education in community operations and future product direction. AtomicAssets (DApp) — AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The app has been downloaded over 1 million times on Google and recently held an event to distribute testing qualifications for the new version of Sweat Hero. The project falls under the category of traffic-based projects and has a high level of activity. Balancer * Philand (DApp) — Balancer is an OG DEX, and Philand is a social task platform based on ENS and on-chain/off-chain wallets, providing a visualization of on-chain identity. Balancer and Philand jointly launched a new interactive NFT Claime event yesterday, in which users can earn corresponding NFTs by trading, providing liquidity, and voting on Balancer. 4.Twitter Hot Topics: KMA (Token) — Calamari Network is a community-driven testnet for the privacy-focused Manta Network project in the Polkadot ecosystem. It is also a privacy-preserving parachain on Kusama, aimed at providing on-chain privacy services to the entire Kusama DeFi network. KMA has a daily trading volume of $140,000, with moderate attention. It is essential to stay updated on this token. XRP (Token) — According to a source familiar with the case, there may be an important ruling in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) this week. The lawsuit has been ongoing for some time and the ruling will have a significant impact on the future direction of XRP. It is widely expected that if the ruling is favorable to XRP, its price may rise significantly. Conversely, if the ruling is unfavorable to XRP, its price may suffer a serious blow. Regardless of the outcome, investors should closely monitor the ruling and adjust their investment strategies accordingly. AAVE (Token) — A decentralized finance platform, Aave allows users to deposit their cryptocurrencies into smart contracts to earn interest and also allows them to borrow other crypto assets from the platform. Additionally, Aave has launched a flash loan product that allows users to borrow and return assets in an extremely short amount of time, providing an innovative solution for the decentralized finance sector. 5.Regional Trending Searches: Recently, XRP has frequently appeared on regional hot searches, and leading projects in various fields, such as the Hong Kong sector, Arbitrum ecology, zk EVM ecology, BTC layer-2, and LSD sector, are showing signs of activity. The exchange rate of ETH to BTC increased by 3.37% in a single day, and ETH achieved its first positive breakthrough after half a month of decline and volatility. ETH achieved its first bullish breakthrough with a long green candlestick. As a result, altcoins and popular leading coins have become active, and it is recommended to focus on the leading projects that were hyped up in January and February. Main Body Written by: Bitget Research Data collection time: March 29, 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: 497,981 New active users of ETH: 91,033, with a daily increase of 12.66% Existing active users of ETH: 406,948, with a daily increase of 11.02% 1.1.2 New User Profile Core data: There were a total of 91,033 new active users on ETH yesterday, with a daily increase of 12.66% Popular Sectors Popular Projects Key Projects: zkSync Era, zkSync (DApp) — Due to the impact of Arbitrum’s airdrop, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, the number of independent wallet addresses on zkSync Era’s mainnet has reached 145,000, with 29,400 ETH cross-chained to zkSync, and a total of 167,000 transfers. User activity continues to increase. Starknet: StarknetEthBridge (DApp) — Similarly benefiting from the airdrop expectations, Starknet’s user activity is also ranking high. The total number of transfers on the network has reached 303,000, with a total of 231,000 users. The peak of interaction was on March 25th, with 14,000 daily users and 15,400 transfers, an increase of 27x and 28x respectively compared to the bottom level in early March, indicating a very rapid growth rate. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 406,948, with a daily increase of 11.02% Popular Sectors Popular Projects Key Projects: Chiliz (DApp) — On March 28th, Chiliz announced that it will launch the Chiliz Sports Blockchain on May 10th, which has gained a lot of attention from the community. The community believes that the launch of the mainnet can bring more empowerment to CHZ, strengthen the value of the entire network, and increase the on-chain activity. Blur (Token) — On March 28, Blur platform traded a total of 14,000 ETH, while OpenSea traded 5523 ETH. Overall, trading volume in the NFT market remained stable. BLUR has recently performed poorly compared to BTC, with a current price of 0.52 USDT. The short-term price of BLUR is expected to continue to fluctuate. On March 29, Blur announced that it would extend the Season 2 bidding pool and double points for listing until May 1, causing dissatisfaction within the community. The release of new products, originally scheduled for April 1, will also be delayed. The future trend of BLUR depends largely on product innovation and community confidence, so it is essential to keep track of the progress of subsequent products. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 SHOBBES (Token) — Positioned as Hobbes’ girlfriend, and Hobbes is Elon Musk’s pet dog. With these connections, the popularity of SHOBBES has increased, with a liquidity of $23,000 on the chain and a 24-hour trading volume of $557,000. Contract detection shows a 3% buying and selling tax and risk of the ability to pause trading. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x1b66beec10a94a83b423064878e269e0894777a5 LOVE (Token) — Positioned as the official memecoin of Pormchain, the token has only been listed for two days with on-chain liquidity of $100,000 and a 24-hour trading volume of $795,000. The token has seen a 51% decline in the past 24 hours, and there is a 10% sell tax and risk of the ability to pause trading. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0xc93e3851de03b0e45512aaabe2dc9619e0650eed CODE (Token) — CODE is positioned as an AI meme concept, and the project has not made any tweets so far. The on-chain liquidity is $7300, with a 24-hour trading volume of $69,000. In a single day, the token has seen an 80% drop, and there is a 5% buy and sell tax with the risk of pausing trading. It has large price fluctuations, making it an essential token to be aware of. https://www.dextools.io/app/en/ether/pair-explorer/0x625ae6416e5c8e5360448af89750f9990655591a HOBBES (Token) — Hobbes is a MEME community formed by claiming to be Elon Musk’s dog. The token had a TGE on March 21 and started trading on DEX. The contract has no fatal issues, and the current token liquidity pool is $482,000 with a 24-hour on-chain trading volume of $1.75 million. It has performed well, making it an essential token to stay updated on. https://www.dextools.io/app/en/ether/pair-explorer/0x6178081202165c521c80b95d2c7ef54893c7232c 1.2.2 Uniswap V3 HEX (Token) — Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a blockchain certificate of deposit. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $6.58 million in the last 24 hours. It has received high attention from the community. https://www.dextools.io/app/en/ether/pair-explorer/0x69d91b94f0aaf8e8a2586909fa77a5c2c89818d5 PAW (Token) — This is a DEX built on Shibarium. The Twitter account is showing as banned. The token has been fluctuating significantly, with a 10x increase from the bottom before entering a correction phase. In the past 24 hours, the trading volume was $610,000, while trading activity has decreased. It is essential to stay updated on this token, especially after its adjustment is complete. Bitget has listed this token. https://www.dextools.io/app/en/ether/pair-explorer/0x0dba3dfee43d9b6450c716c58fdae8d3be37fdc9 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,655,508 New active users on BSC: 178,677, with a daily increase of 21.97% Existing active users on BSC: 1,476,831, with a daily increase of 25.46% 2.1.2 New User Profile Core data: There were a total of 178,677 new active users on BSC yesterday, with a daily increase of 21.97% Popular Sectors Popular Projects Key Projects: Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. SQUA (Token) — The project claims to be a payment token. It has a liquidity pool of $6.28 million and a daily trading volume of $1.99 million. It has good volume and a clean contract, making it an essential token to stay updated on. https://www.dextools.io/app/cn/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e PEOPLE (Token) — PEOPLE is a token on BSC, with 28,923 holders and $76,000 in liquidity. The token had a 24-hour trading volume of $133,000. Contract analysis has revealed that there are proxy contracts. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x38ef44d5ec9849998499b057699f81f480e85e85 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,476,831, with a daily increase of 25.46% Popular Sectors Popular Projects Business Opportunity HOOK (DApp) — HOOK has been running an operation to create AI-generated comics. It shared some beautifully crafted technical works on Twitter to promote its project. With the recent popularity of AI, the spread effect on Twitter is good. On March 28th, it announced that it would be the only AIGC technology partner for the BNB Chain Easter Egg Hunt 2023, continuously strengthening the concept of AI+education in community operations and future product direction. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 TIME (Token) — The token plummeted by 96% today, with an on-chain pool of only $81,000, while the 24-hour trading volume has reached $5.38 million. The trading volume is growing rapidly. Contract analysis shows no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xad1fedfb04377c4b849cef6ef9627bca41955fa0 AI (Token) — This is a token with a focus on the chat AI concept. It has an on-chain liquidity of $294,000, and a 24-hour trading volume of $607,000. The contract analysis shows no major risks. It is important to keep a close watch on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xefed08a7e67a702fd1eee992da1ad028f47ddc7f 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 488,554 New active users on Polygon: 110,185, with a daily increase of 29.22% Existing active users on Polygon: 378,369, with a daily increase of 9.76% 3.1.2 New User Profile Core data: There were a total of 110,185 new active users on Polygon yesterday, with a daily increase of 29.22% Popular Sectors Popular Projects Key Projects: SUIBG (Token) — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. Rabbit Hole (DApp) — A blockchain-based task and learning platform where users can earn certification points by participating in contract operations of various DApps. The project has just been deployed on the Polygon network, which reduces transaction fees for users. The project has a large community following. It is essential to stay updated on this project. https://rabbithole.gg/ 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 378,369, with a daily increase of 9.76% Popular Sectors Popular Projects Key Projects: Lens (DApp) — Lens Protocol Profiles, the username NFT for the Lens protocol, has doubled in floor price in the past week. The number of transactions has reached 3200, mainly due to the impact of the Arbitrum airdrop. Users can pay attention to its ecological projects such as Phaver, Lenster, and Orb. ZED RUN (DApp) — A horse racing game that has already launched, with 67,600 followers on Twitter and 141,000 monthly visits according to Similarweb. The majority of visitors are from the United States (45.7%) and the United Kingdom (34.51%). The game is very popular within its community. https://zed.run/ 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 TXAU (Token) — TXAU is positioned as a Web3 precious metal market, with over 10,000 downloads on Google Play. The token has an on-chain liquidity of $43,000 and a 24-hour trading volume of $24,000. Contract analysis shows the presence of proxy contracts. It is essential to keep observing this token. https://www.dextools.io/app/en/polygon/pair-explorer/0x6488adfdbb85ce0302faa6ac72c8693eba81df83 BOB (Token) — BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them privately and securely. Currently, this token is stable at a 1:1 exchange rate with USDC. The token has a 24-hour on-chain trading volume of $816,000, a liquidity pool of $5.68 million, and 3094 holders. Decentralized stablecoins are currently hot in the market, so it is important to keep a close watch on this token. https://www.dextools.io/app/cn/polygon/pair-explorer/0x0a63d3910ffc1529190e80e10855c4216407cc45 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 220,807 Arbitrum New Active Users: 36,063, with a daily decrease of 12.31% Arbitrum Existing Active Users: 184,744, with a daily increase of 8.86% 4.1.2 New User Profile Core data: There were a total of 36,063 new active users on Arbitrum yesterday, with a daily decrease of 12.31% Popular Sectors Popular Projects Key Projects: Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of Arbitrum airdrop, a large number of users are interested in obtaining the Layerzero airdrop to participate in the use of Stargate. VELA (DApp) — Vela Exchange is a rebranded product of Dexpools ($DXP). Dexpools used to be a platform for peer-to-peer OTC trading of tokens and NFTs. Recently, Vela Exchange aims to create a trading platform similar to GMX. The current on-chain TVL is $50.7 million. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 184,744, with a daily increase of 8.86% Popular Sectors Popular Projects Key Projects: MetaMask (DApp) — Recent hints at new token launches have led to a significant increase in trading volume for MetaMask. The number of user addresses that have interacted with MetaMask Swap, the DEX aggregator built into the MetaMask crypto wallet, has surpassed 1.6 million. In total, over 14.46 million swap transactions have been made, resulting in a cumulative trading volume of over $55.6 billion, bringing in $487 million in platform fees for MetaMask. GDX (Token) — This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary market price saw a 10x increase. The on-chain liquidity is $204,000, and the trading volume is $21,000. Although the trading volume is relatively low, the frequency of trades is high. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 ARB (Token) — The claiming rate for the Arbitrum airdrop has reached 87% over the past 5 days, and the selling pressure from the airdrop has basically ended. In the past two days, the TVL of the top ten chains has increased by 10% against the trend, with high retention of funds and activity. After suffering a significant sell-off following the airdrop, the ecosystem has been supported and rebounded. Large holders continue to buy in, including ARB, GMX, and GRAIL, with the largest increase in the past 24 hours being 13%, 20%, and 14%, respectively. GMX (Token) — This is a leading derivative DEX on Arbitrum with a strong recent price performance. After a period of correction, it has quickly rebounded, with a 14.5% increase over the past two days. It is important to keep a close watch on this token in the future. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x913398d79438e8d709211cfc3dc8566f6c67e1a8 5.DApp Ecosystem — All Chains AtomicAssets (DApp) — AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. Galxe (DApp) — Galxe is an on-chain task platform and a top-tier DID application. Recently, a new identity verification method was launched allowing users to log in with a single click using their Ethereum address. Yesterday, they held an AMA in collaboration with PolygonGaming, and participants were able to receive Galxe OAT tokens. Iskra (DApp) — Iskra is a blockchain gaming platform primarily built on Klaytn, bringing together gamers and game studios. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users will have the opportunity to be the first to explore new gaming projects through the platform’s Launchpad. Currently, Iskra is in its second round of NFT tasks and will launch its third round after the end of the month. Platform’s UAW activity is extremely high. Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. The app has been downloaded over 1 million times on Google and recently held an event to distribute testing qualifications for the new version of Sweat Hero. The project falls under the category of traffic-based projects and has a high level of activity. 6.DApp Ecosystem — ETH Chain Manifold (DApp) — This is a creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform and updated its functionality yesterday, allowing Manifold metadata to be automatically updated. The project maintains high daily activity due to its NFT minting feature. 7.DApp Ecosystem — BSC Chain TinyTap (DApp) — Tinytap is a decentralized education platform backed by Animoca Brands. The platform currently has over 200,000 educational games focused on early childhood learning and development, allowing teachers to earn revenue through blockchain technology. Mobox (DApp): Mobox is a leading blockchain game project on the BSC chain that has introduced MODDragon NFT. The project uses AI technology for incubation and cultivation and has announced a major upcoming update through its official channels. Platform’s UAW activity continues to remain high. 8.DApp Ecosystem — Polygon Chain Balancer * Philand (DApp) — Balancer is an OG DEX, and Philand is a social task platform based on ENS and on-chain/off-chain wallets, providing a visualization of on-chain identity. Balancer and Philand jointly launched a new interactive NFT Claime event yesterday, in which users can earn corresponding NFTs by trading, providing liquidity, and voting on Balancer. 9.DApp Ecosystem — WAX Chain AtomicAssets (DApp) — As mentioned earlier in the report, AtomicAssets is an NFT asset standard built on WAX\EOS, and AtomicHub is the NFT marketplace in the ecosystem. Currently, ZosWax’s Out of This World package for the zombie game is being sold, with a total of 2,000 available. NeftyBlocks (DApp) is an NFT trading platform on the WAX blockchain. On March 28th, WAX conducted a blockchain update and released the Antelope tool, which provides a range of general tools, interfaces, APIs, and documentation resources to build Web3 games and other applications on WAX. Benefiting from the increased activity on WAX, the project has sustained UAW activity recently with no special events. 10.DApp Ecosystem — Solana Chain Meanfi (DApp) — Meanfi is a permissionless, self-hosted bank on Solana, consisting of various modules including a payment system and an aggregated DEX. The project has been a top DEFI application on Solana for a long time and has many ecosystem collaborations. There have been no recent updates. 11.DApp Ecosystem — Arbitrum Chain Arbitrum’s ecosystem data was abnormal today, therefore no statistics were conducted. 12.DApp Ecosystem — GameFi Sector Across All Chains Iskra (DApp) — A blockchain game platform built on Klaytn, as previously described. Currently running its second round of NFT tasks and will launch its third round after the end of the month. Platform’s UAW activity is extremely high. 13.Gas Fee Consumption — ETH Chain To Ethereum, with Love (NFT) — This NFT is a commemorative NFT gift from Polygon Labs that marks the Beta launch of the Polygon zkEVM mainnet. These NFTs can be minted on platforms such as fair.xyz, and there are currently over 21,000 holders. https://opensea.io/collection/to-ethereum-with-love CHZ (Token) — Chiliz, a sports and entertainment blockchain solution, announced yesterday that it will launch a new blockchain focused on sports on May 10. CHZ has been active since March: (1) on March 1, Chiliz launched the $50 million incubator and accelerator program Chiliz Labs, supported by Jump Crypto; shortly thereafter, the sports NFT platform Blockasset received an equity investment from Chiliz and shifted from Solana to Chiliz Chain 2.0; (2) on March 16, Chiliz acquired a 20% stake in the athlete memorabilia platform MatchWornShirt. https://coinmarketcap.com/currencies/chiliz/ 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high. Starting from March 17th, Link3 will release a specific theme post every week for creators to write, and each post can be converted into an NFT at a fixed price of $1. Users can pay $1 and collect the corresponding post as an on-chain NFT. 15.Gas Fee Consumption — Polygon Chain BROZO (NFT) — A highly popular NFT recently sold out shortly after it was made available on Public Mint on Polygon. It trended as the top NFT on OpenSea and has seen significant trading volume on Magic Eden. Currently, there are 3,861 holders with a floor price of 78MATIC. https://opensea.io/collection/brozo y00ts (NFT) — The well-known NFT project y00ts from the Solana ecosystem has opened migration to Polygon for NFT holders. Users who migrated within the last 24 hours have the chance to receive BTC DeGod and migration fee compensation. In addition, y00t listings on the Polygon market on Magic Eden within the first 24 hours will receive a 5 USDC reward, and there are no transaction fees for trading y00t within 30 days. 16.Gas Fee Consumption — Arbitrum Chain cbridge (DApp), (cbridge.celer.network) — cbridge supports cross-chain bridges for multiple chains, with a front-end page that integrates more than 40 chains. The platform has stable traffic, with a monthly average of 150,000 total visits and 70,000 unique visitors. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: ARB, APE Newly listed tokens: ARB 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: ARB, BTC, ETH Builders mentioned the following tokens: ARB, KMA KMA (Token) — Calamari Network is a community-driven testnet for the privacy-focused Manta Network project in the Polkadot ecosystem. It is also a privacy-preserving parachain on Kusama, aimed at providing on-chain privacy services to the entire Kusama DeFi network. KMA has a daily trading volume of $140,000, with moderate attention. It is essential to stay updated on this token. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, ZEUM 20.Google Trends — Global XRP (Token) — According to a source familiar with the case, there may be an important ruling in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) this week. The lawsuit has been ongoing for some time and the ruling will have a significant impact on the future direction of XRP. It is widely expected that if the ruling is favorable to XRP, its price may rise significantly. Conversely, if the ruling is unfavorable to XRP, its price may suffer a serious blow. Regardless of the outcome, investors should closely monitor the ruling and adjust their investment strategies accordingly. AAVE (Token) — A decentralized finance platform, Aave allows users to deposit their cryptocurrencies into smart contracts to earn interest and also allows them to borrow other crypto assets from the platform. Additionally, Aave has launched a flash loan product that allows users to borrow and return assets in an extremely short amount of time, providing an innovative solution for the decentralized finance sector. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: AAVE, lovehateinu (LHINU) Pre-sale of a low quality memecoin has already raised $2 million in funding. Pakistan Trending Keywords: cointelegraph, coinglass, coindesk, kucoin Pakistani users are particularly interested in cryptocurrency news websites. b) Southeast Asia Region Philippines Trending Keywords: pancakeswap, fud meaning in crypto Indonesia Trending Keywords: cftc, trust wallet Malaysia Trending Keywords: XRP Singapore Trending Tokens: XRP, ETH c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: South Korea — jump crypto 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: No related trending keywords b) English-speaking Countries USA Trending Tokens: FLR Canada Trending Tokens: CRO, TONIC, XDC, XEN Australia Trending Tokens: VRA, FLOKI, CRO, GMX, XRP UK Trending Tokens: XEN, LOOP, XLM, INJ, FET, GHOST c) Europe Spain Trending Tokens: ADAX, MTV, SOL, HNT Italy Trending Tokens: CFX, DOGE, POA, HEX, BNT, FLR; France Trending Tokens: MASSA, VET, OMI, DNX Germany Trending Tokens: AAVE, PI, UNI Poland Trending Tokens: SHIB, FLOKI, HEX, XEN, XRP 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: kraken, opensea South Africa Trending Keywords: elon musk crypto, altcointrader Morocco Trending Keywords: SHIB b) Middle East Trending Keywords: bitosis c) Latin America Brazil Trending Tokens: BTC, POOCOIN, GALA, ETH Mexico Trending Keywords: XRP

Bitget Research: Trading Activity of Major Blue-Chip Futures Tokens ARBK and SUIBG Continues to Rise, Market Awaits Fed Interest Rate Data Release on 23rd March

In 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: SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG ( SUIUSDT"> SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. As of now, SUIBG has 13,470 holders, with 345,000 on-chain transfers. ARBK (Token) - Arbitru m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday's official launch of ARB strengthened the expectations for ARBK, resulting in increased traffic. ENS (Token) - Spaceid will be launched at 12:00 pm (UTC) today, bringing some DID projects such as ENS, LIT, etc., back into the public attention. There has been some degree of price feedback, but the DID sector has not yet formed a strong momentum, resulting in low overall profitability. However, on March 22, ENS announced that it will hold the ENS Town Hall on March 30, which includes multiple updates. ENS's product is in a continuous iteration process and is expected to occupy a leading position in the DID sector in the future. It is essential to stay updated on this token. Blur (Token) - On March 21, Blur's platform traded a total of 17,600 ETH, with OpenSea trading 5,563 ETH. Trading volume has remained stable recently, but BLUR's performance relative to BTC has been poor. Currently priced at 0.56 USDT, a short-term price rebound for BLUR can boost NFT trading. The second round of Blur's airdrop trading is currently underway, and the platform score for bidding and listing is doubled before April 1st. Users who interact more frequently during the last 10 days of the score-doubling period are expected to receive more airdrop rewards. HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $2.89 million, on-chain liquidity of $120,000, a market cap of $1.09 million, and contract analysis indicates no significant risks. It is essential to stay updated on this token. BARD (Token) - Positioned as the token for Google's AI chatbot Bard, the token has been mainly riding on the trend recently. However, it rose by 426% in a single day on March 21. The on-chain liquidity is $109,000, with a 24-hour trading volume of $873,000. Contract analysis indicates no significant risks. It is essential to stay updated on this token. BEAST (Token) - BEAST is a new memecoin project that announced the upcoming release of its whitepaper on March 22 and has been advertising on Facebook, Avedex, and dexscreener. However, there has been no update on the progress of the project. The 24-hour trading volume is $160,000, with only $15,000 in liquidity. Contract analysis indicates no significant risks. It is essential to stay updated on this token. GATSBY (Token) - The project is a memecoin based on Elon Musk's dog named Gatsby, which he introduced on Twitter on April 29th, 2019. The token has an on-chain liquidity of only $13,600 and a trading volume of $490,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. GROOM (Token) - The project is positioned as a meme that takes care of the Shibarium community. The token has just been launched and has an on-chain liquidity of only $7900, with a trading volume of $120,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. HEX (Token) - Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a certificate of deposit on the blockchain. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $8.15 million in the last 24 hours. It has appeared multiple times in the trending cryptocurrency rankings of various countries, and the token has increased by about 6x from the bottom in December 2022, which led to a high level of attention from the community. SQUA (Token) - SQUA is a payment-oriented token specifically developed for payment systems within GoFintech Group's ecosystem and its partners. It is automatically destroyed during payment transactions. In the past 24 hours, its trading volume reached $15.26 million, with on-chain liquidity of $7.36 million, indicating high trading activity. Contract analysis indicates no risks. It is important to keep a close watch on this token. ATH (Token) - The token has just been launched, with a pool of $72,000 on-chain. The 24-hour trading volume is $780,000, and the token plummeted by 72% today. Contract analysis indicates no major risks. It is essential to stay updated on this token. Onyx Dao (Token) - This is an experimental Arbitrum Defi protocol with current on-chain liquidity of $860,000, 24-hour trading volume of $4.77 million, and a total market cap of $1.8 million. After the token's launch, the secondary marke t price saw a nearly 5x increase, making the asset extremely hot in the market. ONYX can be staked in a pool to earn blue-chip tokens. 2.Popular NFTs: Credit DAO Proof V2 (NFT) - This NFT is the latest credential released by Credit DAO. It is already available on OpenSea, but has not generated any trading volume. Currently, there are 118,226 holders. While it is mainly used for collecting purposes at the moment, it is expected to provide benefits to its holders in the future. It is essential to stay updated on this NFT. Pix NFT Assets (NFT) - These are NFT assets related to Planet IX, one of the most popular games on Polygon. The game is consistently ranked at the top of the Polygon ecosystem rankings and has a very high level of popularity. 3.Popular DApps: BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It will continue to release futures tokens for more blue-chip coins to meet users' trading needs and provide more rewards. Zksync, Starknet (DApp) - Due to the effect of Arbitrum's airdrop, the interaction of other key projects that have not yet launched their tokens has increased rapidly. In the future, it is important to keep a close watch on projects with high interaction such as Zksync, Starknet, Scroll, Layerzero, and Lens. Stake.com (DApp)- Stake is a world-leading betting platform that has partnered with Alfa Romeo F1. The website is only open to users aged 18 and above from countries other than the US, Australia, and the UK. Users can place bets using cryptocurrency. The official Twitter account has 217,000 followers, with an average of over 20,000 views per tweet. Similarweb shows monthly traffic of 1.53 million, with the main traffic sources being Canada, Brazil, Argentina, the US, and Germany. The user base is large and widely distributed. Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is currently a multi-chain NFT DeFi metaverse game that supports Ethereum, WAX, and BSC. On March 22, it announced its participation in the 2023 Game Developers Conference (GDC 2023), and the project is actively organizing promotions. Element Market (DApp) - The Genesis Pass of the Element NFT trading platform has officially launched, with a 24-hour trading volume of 240 ETH, a total of 2,500 NFTs, and 1,322 holders. As the platform's user and community growth continue, Genesis Pass holders will benefit from it. Unltiverse (DApp) - This is a 3A-grade metaverse project invested in by Binance and Sequoia Capital. The first 2,500 users to collect all 8 CyberPink and WhiteDay badges will be eligible for a limited-edition skin. The activity ended in the early morning. Tiny World (DApp) - Tiny World is a P2E game on BSC that combines NFTs and DeFi. Players can collect hero NFTs to participate in PVP battles and earn rewards. The PVP Arena public beta version was launched in mid-March and is currently in the 53rd season of the leaderboard competition. MiningNetwork (DApp) - This is a mining game on WAX with a Windows 98 interface that is Free to Play and Play to Earn. The unique feature is the economic model in which game resources decrease as the number of participating users increases, reducing the output of ecological tokens, which increases the value of assets. Worldcoin (DApp) - Worldcoin, a cryptocurrency company founded by OpenAI CEO Sam Altman, plans to launch its mainnet in the first half of this year. Worldcoin aims to issue a global digital currency to every person in the world and build a unique personal identification code by scanning the iris through a spherical device it has developed, giving each person's digital currency a unique identity. The token is planned to launch in the first half of this year, and according to its website, the project has nearly 1.2 million registered users so far. 4.Twitter Hot Topics: EVMOS (Token) - EVMOS is an EVM network in the Cosmos ecosystem that aims to enable seamless interaction between chains through IBC with Ethereum mainnet, EVM-compatible environments, and other BFT chains. Recently, a YouTube channel dedicated to developers was created. DBX (Token) - DBX is a blockchain network with 30,000 Twitter followers, with a daily trading volume of $1,616,162. The price has fallen 99.8% from its peak, and the majority of trading volume is concentrated on the small exchange Probit. There are no on-chain liquidity pools, so it is essential to observe this token. JOE (Token) - JOE is the all-chain token of Trade Joe, which benefits from the popularity of the Arbitrum ecosystem. Despite competition from Uniswap V3's deployment to Avalanche, JOE's price has remained strong, doubling in value over the past seven days. 5.Regional Trending Searches: XRP (Token) - XRP has increased by over 20% in the last 24 hours. Despite external pressure from US regulatory agencies regarding the potential classification of XRP as a security, the XRPL aims to provide digital payment infrastructure for individuals and existing financial entities. Since February, the adoption of XRPL has significantly increased, and as more institutions and individuals use XRPL for cross-currency transactions and other use cases, this broader adoption could push up demand for XRP tokens. Main Body Written by: Bitget Research Data collection time: March 22, 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: 456,806 New active users of ETH: 85,218, with a daily decrease of 0.89% Existing active users of ETH: 371,588, with a daily decrease of 3.78% 1.1.2 New User Profile Core data: There were a total of 85,218 new active users on ETH yesterday, with a daily decrease of 0.89% Popular Sectors Popular Projects Key Projects: Zksync, Starknet (DApp) - Due to the effect of Arbitrum's airdrop, the interaction of other key projects that have not yet launched their tokens has increased rapidly. In the future, it is important to keep a close watch on projects with high interaction such as Zksync, Starknet, Scroll, Layerzero, and Lens. ENS (Token) - Spaceid will be launched at 12:00 pm (UTC) today, bringing some DID projects such as ENS, LIT, etc., back into the public attention. There has been some degree of price feedback, but the DID sector has not yet formed a strong momentum, resulting in low overall profitability. However, on March 22, ENS announced that it will hold the ENS Town Hall on March 30, which includes multiple updates. ENS's product is in a continuous iteration process and is expected to occupy a leading position in the DID sector in the future. It is essential to stay updated on this token. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 371,588, with a daily decrease of 3.78% Popular Sectors Popular Projects Key Projects: Stake.com (DApp)- Stake is a world-leading betting platform that has partnered with Alfa Romeo F1. The website is only open to users aged 18 and above from countries other than the US, Australia, and the UK. Users can place bets using cryptocurrency. The official Twitter account has 217,000 followers, with an average of over 20,000 views per tweet. Similarweb shows monthly traffic of 1.53 million, with the main traffic sources being Canada, Brazil, Argentina, the US, and Germany. The user base is large and widely distributed. Blur (Token) - On March 21, Blur's platform traded a total of 17,600 ETH, with OpenSea trading 5,563 ETH. Trading volume has remained stable recently, but BLUR's performance relative to BTC has been poor. Currently priced at 0.56 USDT, a short-term price rebound for BLUR can boost NFT trading. The second round of Blur's airdrop trading is currently underway, and the platform score for bidding and listing is doubled before April 1st. Users who interact more frequently during the last 10 days of the score-doubling period are expected to receive more airdrop rewards. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $2.89 million, on-chain liquidity of $120,000, a market cap of $1.09 million, and contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x6178081202165c521c80b95d2c7ef54893c7232c BARD (Token) - Positioned as the token for Google's AI chatbot Bard, the token has been mainly riding on the trend recently. However, it rose by 426% in a single day on March 21. The on-chain liquidity is $109,000, with a 24-hour trading volume of $873,000. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x1c8a9844091d5136b50f5b04b30de9e564ce397b BEAST (Token) - BEAST is a new memecoin project that announced the upcoming release of its whitepaper on March 22 and has been advertising on Facebook, Avedex, and dexscreener. However, there has been no update on the progress of the project. The 24-hour trading volume is $160,000, with only $15,000 in liquidity. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x3448d508f0e93f85300c4b8aacb99ff7d9d4dc24 GATSBY (Token) - The project is a memecoin based on Elon Musk's dog named Gatsby, which he introduced on Twitter on April 29th, 2019. The token has an on-chain liquidity of only $13,600 and a trading volume of $490,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xc37ecc839ba67a46847dc367252b057f8feae680 GROOM (Token) - The project is positioned as a meme that takes care of the Shibarium community. The token has just been launched and has an on-chain liquidity of only $7900, with a trading volume of $120,000 in the past 24 hours. Contract analysis indicates no significant risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x2fc51f1201349266cee7e99c5c238bd90ce526e0 1.2.2 Uniswap V3 HEX (Token) - Designed and launched by Richard Heart on December 2, 2019, HEX claims to be a certificate of deposit on the blockchain. Recently, the market trading activity has been extremely high, with the trading volume of just the HEX/USDC pair reaching $8.15 million in the last 24 hours. It has appeared multiple times in the trending cryptocurrency rankings of various countries, and the token has increased by about 6x from the bottom in December 2022, which led to a high level of attention from the community. https://www.dextools.io/app/en/ether/pair-explorer/0x69d91b94f0aaf8e8a2586909fa77a5c2c89818d5 MATIC (Token) - On March 27, Polygon will officially launch the beta version of zkEVM, which has generated high expectations among users. https://www.bitget.com/en/spot/MATICUSDT_SPBL?type=spot GALA (Token) - The 2023 GDC will be held in San Francisco, USA from March 20th to 24th. This event usually determines the future direction of the gaming industry, and as a result, many gaming-related projects experienced some movement in response to this news. https://www.bitget.com/en/spot/ GALAUSDT_SPBL?type=spot 2.Blockchain Profile - BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,263,076 New active users on BSC: 169,268, with a daily increase of 25.82% Existing active users on BSC: 1,093,808, with a daily increase of 4.06% 2.1.2 New User Profile Core data: There were a total of 169,268 new active users on BSC yesterday, with a daily increase of 25.82% Popular Sectors Popular Projects Key Projects: SpaceID (Token) - SpaceID is the 30th Launchpad project of Binance, and its token will begin trading around 12:00 pm (UTC) on March 22nd. The project has received a lot of attention from users, and Bitget will be one of the first to list the token. SQUA (Token) - SQUA is a payment-oriented token specifically developed for payment systems within GoFintech Group's ecosystem and its partners. It is automatically destroyed during payment transactions. In the past 24 hours, its trading volume reached $15.26 million, with on-chain liquidity of $7.36 million, indicating high trading activity. Contract analysis indicates no risks. It is important to keep a close watch on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e Yesworld (Token) - This is a memecoin related to green energy and carbon reduction. It has $485,000 on-chain liquidity and $244,000 trading volume in the past 24 hours. The token's trend is highly controlled, and there is a risk of potential additional issuance based on contract evaluation. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x1391614b95634ec0e5e604a2520a32eff3a3d4d4 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,093,808, with a daily increase of 4.06% Popular Sectors Popular Projects Business Opportunity Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. Many well-known project parties such as BNB Chain, SpaceID, and the recently popular ImageAI, will participate and hold events on Link3. According to SimilarWeb, the monthly visit is 762,000, and the main traffic sources are Japan, Poland, Turkey, the United States, and Russia. Koge (Token) - BNB48 Club is a DAO created by a group of investors who share a common passion for BNB. KOGE represents the open governance voting rights of 48 Club. Users who hold the token can enjoy the benefits provided by the club. The token has a 24-hour trading volume of $32,000 and a relatively frequent interaction, but low trading volume. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x26de6c26dd5560c181011907d8f70c202c2a29d6 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 CBC (Token) - The token has just been listed and has a liquidity pool of $484,000. Its 24-hour trading volume is $440,000, with a market cap of $4.97 million. Contract analysis shows a 20% buy tax, which indicates a higher risk factor. https://www.dextools.io/app/en/bnb/pair-explorer/0x648a833ef370bdf299fbea7c0b42e312fcdf6d77 INTER (Token) - The token has just been listed and has a liquidity pool of $104,000. In the last 24 hours, the trading volume reached $2.22 million. However, the token has already broken its previous support level, and contract analysis shows that the owner can modify the balance, making it a high-risk asset. https://www.dextools.io/app/en/bnb/pair-explorer/0x142e708fcab726988d4ee5c3ce872da14934dbc5 ATH (Token) - The token has just been launched, with a pool of $72,000 on-chain. The 24-hour trading volume is $780,000, and the token plummeted by 72% today. Contract analysis indicates no major risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x64e19414b0264b1141562deec4fc87310e4216ed TTAI (Token) - The project is positioned as an AI trading platform. The token has just been listed on CMC and Coingecko. The on-chain liquidity pool has reached $80,000, with a trading volume of $635,000 in the past 24 hours. The token has risen by 20% today. Contract analysis indicates no risks. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0xd800badd250f38028b89665805c0643016bf98ad 3.Blockchain Profile - Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 414,441 New active users on Polygon: 86,614, with a daily decrease of 38.95% Existing active users on Polygon: 327,827, with a daily decrease of 3.30% 3.1.2 New User Profile Core data: There were a total of 86,614 new active users on Polygon yesterday, with a daily decrease of 38.95% Popular Sectors Popular Projects Key Projects: SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. Currently, there are relevant trading pools on DEX, but the liquidity is poor and the depth is low. It is important to apply through the official channels of Bitget and Bitkeep. As of now, SUIBG has 13,470 holders, with 345,000 on-chain transfers. Credit DAO Proof V2 (NFT) - This NFT is the latest credential released by Credit DAO. It is already available on OpenSea, but has not generated any trading volume. Currently, there are 118,226 holders. While it is mainly used for collecting purposes at the moment, it is expected to provide benefits to its holders in the future. It is essential to stay updated on this NFT. https://opensea.io/collection/credit-dao-proof-v2 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 327,827, with a daily decrease of 3.30% Popular Sectors Popular Projects Key Projects: Galxe (DApp) - Galxe is an on-chain task platform and a top-tier application of DID. With the issuance of Space ID, the focus of the cryptocurrency community has shifted to the DID track. Additionally, the recent Arbitrum token releases have led users to have high expectations for airdrops from various projects (many projects will use "participation in Galxe's activities and holding OAT tokens" as one of the criteria for airdrops). As a result, Galxe's daily activity has continued to rise. On March 22nd, the project announced its launch on Avalanche, and future multi-chain deployment will continue to increase Galxe's project reserves, making it a key bridge connecting users and projects. Pix NFT Assets (NFT) - These are NFT assets related to Planet IX, one of the most popular games on Polygon. The game is consistently ranked at the top of the Polygon ecosystem rankings and has a very high level of popularity. https://opensea.io/collection/planet-ix 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 TXAU (Token) - TXAU is positioned as a Web3 precious metal market, with over 10,000 downloads on Google Play. The token has a liquidity of $43,000 on-chain and a 24-hour trading volume of $24,000. Contract analysis shows the presence of proxy contracts. It is essential to keep observing this token. https://www.dextools.io/app/en/polygon/pair-explorer/0x6488adfdbb85ce0302faa6ac72c8693eba81df83 Runy (Token) - This metaverse game is built on Polygon, with on-chain liquidity of $90,000 and a 24-hour trading volume of $110,000. It has 2,412 Twitter followers and is not yet very popular. The project already has a product, and recent price movements have been closely controlled. Contract analysis indicates the potential of additional issuance. It is essential to stay updated on this token. https://www.dextools.io/app/en/polygon/pair-explorer/0xfc704de88db4858419d5d0af080486a95343ba15 4.Blockchain Profile - Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 268,512 Arbitrum New Active Users: 121,644, with a daily increase of 133.16% Arbitrum Existing Active Users: 146,868, with a daily increase of 6.48% 4.1.2 New User Profile Core data: There were a total of 121,644 new active users on Arbitrum yesterday, with a daily increase of 133.16% Popular Sectors Popular Projects Key Projects: VELA (Token) - Vela Exchange is a rebranded product of Dexpools ($DXP). Dexpools used to be a platform for peer-to-peer OTC trading of tokens and NFTs. Recently, Vela Exchange aims to create a trading platform similar to GMX. The current on-chain TVL is $49 million. Sushi (DApp) - On March 21st, Sushi DAO and its CEO, Jared Grey, received subpoenas from the US SEC. Jared proposed to establish a $3 million legal defense fund. Sushi's current development is not optimistic, as traditional DEXs such as Uniswap and Curve firmly hold market share, and emerging Ve+3,3 mode DEXs are gradually growing in size. It is essential to stay updated on Sushi's future development. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 146,868, with a daily increase of 6.48% Popular Sectors Popular Projects Key Projects: Lighter Router (DApp) - A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. LayerZero (DApp) - LayerZero is a cross-chain interoperability protocol that allows applications deployed on different chains to communicate with each other without the need for any intermediary chain or consensus mechanism. As an important foundation for information transmission, LayerZero has opened up a new dimension of cross-chain composability and functionality. Recently, with the launch of its token on Arbitrum, a large number of users have started using LayerZero for cross-chain operations, which has increased the project's activity. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 MAGIC (Token) - Magic has announced the launch of its new game, Zeeverse, in conjunction with the Game Developer Conference. The token has seen an 80% rebound from its bottom, with a trading volume of nearly $300 million in the past 24 hours. Since January, gaming projects have primarily focused on GALA and MAGIC, which are at the core of hype in this space. As the products become more mature, there is still room for growth and development in the gaming industry. https://www.bitget.com/en/spot/MAGICUSDT_SPBL?type=spot GDX (Token, DApp) - Gridex, an order book spot exchange in the Arbitrum ecosystem that has attracted more users through airdrops, has experienced a continuous increase in token price. Recently, they announced the start of Airdrop 3, and makers who trade ARB will receive GDX airdrop rewards. GDX is now available on Bitget, so feel free to head over and trade. RAM (Token) - Ramses Exchange is a ve(3,3) DEX in the Arbitrum ecosystem, with a rapidly increasing TVL reaching $68 million. 5.DApp Ecosystem - All Chains Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the WAX chain. Alien Worlds provides players with land ownership, deployment tools, soldiers, and weapons, as well as customizing exclusive game characters. It is currently a multi-chain NFT DeFi metaverse game that supports Ethereum, WAX, and BSC. On March 22, it announced its participation in the 2023 Game Developers Conference (GDC 2023), and the project is actively organizing promotions. BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It will continue to release futures tokens for more blue-chip coins to meet users' trading needs and provide more rewards. 6.DApp Ecosystem - ETH Chain Metamask swap (DApp) - Metamask has maintained a daily trading volume of around $15 million in the past week without any particular trend. However, on March 11th, it set a historical high of $174 million in trading volume, likely due to the impact of USDC FUD, and earned $1.5 million in fees. Element Market (DApp) - The Genesis Pass of the Element NFT trading platform has officially launched, with a 24-hour trading volume of 240 ETH, a total of 2,500 NFTs, and 1,322 holders. As the platform's user and community growth continue, Genesis Pass holders will benefit from it. https://element.market/collections/element-pass-genesis Galxe (DApp) - Galxe announced a partnership with Ava Labs, the developer of Avalanche, to launch proprietary on-chain achievement tokens (OAT) on AVAX, enabling Avalanche DApps to connect Web3 users through reward-based loyalty without the need for gas for minting. 7.DApp Ecosystem - BSC Chain Unltiverse (DApp) - This is a 3A-grade metaverse project invested in by Binance and Sequoia Capital. The first 2,500 users to collect all 8 CyberPink and WhiteDay badges will be eligible for a limited-edition skin. The activity ended in the early morning. Tiny World (DApp) - Tiny World is a P2E game on BSC that combines NFTs and DeFi. Players can collect hero NFTs to participate in PVP battles and earn rewards. The PVP Arena public beta version was launched in mid-March and is currently in the 53rd season of the leaderboard competition. 8.DApp Ecosystem - Polygon Chain Bomb Crypto 2.0 (Dapp) - A Play-To-Earn Game in which players manage a group of robotic bomb heroes who search for bombs and fight monsters in the game, with rankings based on battles. Currently ranked 8th in daily active users among Polygon's gaming DApps, it has a good level of activity. 9.DApp Ecosystem - WAX Chain Alien Worlds (DApp) - A space exploration game developed by Dacoco GmbH on the WAX chain, other details of which have been mentioned earlier in the report. On March 22, it announced its participation in the 2023 Game Developers Conference (GDC 2023), and the project is actively organizing promotions. MiningNetwork (DApp) - This is a mining game on WAX with a Windows 98 interface that is Free to Play and Play to Earn. The unique feature is the economic model in which game resources decrease as the number of participating users increases, reducing the output of ecological tokens, which increases the value of assets. 10.DApp Ecosystem - Solana Chain The UAW project on Solana continues to be led by Magic Eden, with the top five projects remaining largely unchanged. Projects beyond the top five are struggling with a very small user base. 11.DApp Ecosystem - Arbitrum Chain BitKeep Swap (DApp) - After launching futures tokens for multiple blue-chip coins such as ARBK and SUIBG, Bitkeep's popularity has significantly increased, currently ranking in the top ten of all-chain DApps. It has been a long-time leader in the Arbitrum ecosystem. The user activity is very high, and it provides various types of support for the latest DApps to help users seize opportunities in a timely manner. Uniswap (DApp) - After Arbitrum announced the airdrop, the trading volume of Arbi continued to increase and has reached one-third of that on the ETH mainnet, ranking second among all chains. The trading activity of various DEX products on the chain has increased significantly, and Uniswap also saw nearly a 20% increase in UAW today. Onyx Dao (Token) - This is an experimental Arbitrum Defi protocol with current on-chain liquidity of $860,000, 24-hour trading volume of $4.77 million, and a total market cap of $1.8 million. After the token's launch, the secondary market price saw a nearly 5x increase, making the asset extremely hot in the market. ONYX can be staked in a pool to earn blue-chip tokens. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xb8fcc49ecc9206dabb48b28ecbcfd31d5c6346d1 12.DApp Ecosystem - GameFi Sector Across All Chains Alien Worlds, Ultiverse, and Tiny World have seen significant growth in their UAW, as previously mentioned. 13.Gas Fee Consumption - ETH Chain zkSync (DApp) - The ARB airdrop has sparked increased user interaction with other well-known Layer 2 projects, including zkSync. A clear example is the DEX ZigZag, which is based on zkSync Lite and tweeted yesterday that it processed nearly 100,000 transactions in 24 hours. 14.Gas Fee Consumption - BSC Chain Space ID (DApp, Token) - Space ID will launch its token, $ID, on Binance Launchpad. Space ID has released the airdrop details, with over 290,000 holders eligible to claim, and applications will be open starting March 22nd. 15.Gas Fee Consumption - Polygon Chain Worldcoin (DApp) - Worldcoin, a cryptocurrency company founded by OpenAI CEO Sam Altman, plans to launch its mainnet in the first half of this year. Worldcoin aims to issue a global digital currency to every person in the world and build a unique personal identification code by scanning the iris through a spherical device it has developed, giving each person's digital currency a unique identity. The token is planned to launch in the first half of this year, and according to its website, the project has nearly 1.2 million registered users so far. 16.Gas Fee Consumption - Arbitrum Chain D5 Exchange (DApp) - GDX (Gridex) is a DEX aggregator behind the Arbitrum ecosystem's order book spot exchange. It has attracted more attention from users through airdrops, resulting in a sustained increase in token price. Recently, it announced the start of Airdrop 3, where traders who place maker orders in the ARB will receive GDX airdrop rewards. GDX is now listed on the Bitget exchange and users are welcome to trade on the platform. ARBK (Token) - Arbitru m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday's official launch of ARB strengthened the expectations for ARBK, resulting in increased traffic. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: EGLD, EVMOS, BNB, FIL Newly listed tokens: MAGIC, GMX (The Tier 1 projects in the Arbitrum ecosystem are being repeatedly mentioned and hyped due to the popularity of the ecosystem.) EVMOS (Token) - EVMOS is an EVM network in the Cosmos ecosystem that aims to enable seamless interaction between chains through IBC with Ethereum mainnet, EVM-compatible environments, and other BFT chains. Recently, a YouTube channel dedicated to developers was created. 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: BTC, ARB, USDC, gDAI Builders mentioned the following tokens: DBX, DQUICK, USDC DBX (Token) - DBX is a blockchain network with 30,000 Twitter followers, with a daily trading volume of $1,616,162. The price has fallen 99.8% from its peak, and the majority of trading volume is concentrated on the small exchange Probit. There are no on-chain liquidity pools, so it is essential to observe this token. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BTC, SIDUS, NOM, THOR, ALGO, ARB, APE； 20.Google Trends - Global XRP (Token) - XRP has increased by over 20% in the last 24 hours. Despite external pressure from US regulatory agencies regarding the potential classification of XRP as a security, the XRPL aims to provide digital payment infrastructure for individuals and existing financial entities. Since February, the adoption of XRPL has significantly increased, and as more institutions and individuals use XRPL for cross-currency transactions and other use cases, this broader adoption could push up demand for XRP tokens. JOE (Token) - JOE is the all-chain token of Trade Joe, which benefits from the popularity of the Arbitrum ecosystem. Despite competition from Uniswap V3's deployment to Avalanche, JOE's price has remained strong, doubling in value over the past seven days. 21.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: XRP, WAVE Pakistan Trending Tokens: XRP b) Southeast Asia Region Philippines Trending Tokens: XRP, ADA, BLUR Indonesia Trending Tokens: WAVES Vietnam Trending Tokens: BTC, GPT c) East Asia and Hong Kong, Macau, and Taiwan No important trending keywords. 22.Google Trends Surge - English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: "crypto casino" gains attention in Ukraine region. b) English-speaking Countries USA Trending Tokens: SOLO, XRP Canada Trending Tokens: ADA, FLOKI Australia Trending Tokens: OP, STX, JOE, GMX, XRP UK Trending Tokens: WTK, XRP, GALA c) Europe Spain Trending Tokens: T23, XRP,JOE,HEX,EGLD Italy Trending Tokens: FLOKI, XRP France Trending Tokens: HOOK, DAI, QTUM, MAGIC Germany Trending Tokens: XRP Poland Trending Tokens: XRP, HEX, SHIB,TRX 23.Google Trends Surge - Middle East, Latin America, Africa a) Africa Nigeria Trending Keywords: paxful, Kraken South Africa Trending Keywords: truth gpt crypto, VALR b) Middle East No important trending keywords. c) Latin America Brazil Trending Tokens: XRP, ADA, SDAO, JOE, Elrond Mexico Trending Tokens: SHIB, GRT Argentina Trending Tokens: SSHIB, CAKE