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Bitget Research: Grayscale Wins SEC Lawsuit, CYBER Surges 100% in Two Days
Bitget Research
2023/08/30
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:
FRAM (Token) - Recently, the FRAM token consistently ranks first in on- XCNUSDT">
chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.
PEPE (Token) - PepeCommunity. The token has recently garnered considerable attention, continuously holding Twitter spaces with 210+ participants engaging in discussions. It has an on-chain liquidity of US$642,000 and a 24-hour trading volume of US$12.16 million, making it an essential token to keep an eye on.
PEPE0.5 (Token) - Elon Musk's mother retweeted a tweet from this project, gaining market attention. Currently, the liquidity is only US$22,000, and the trading volume in the last 24 hours is US$1.72 million.
SHARES (Token) - A replica of Friend.tech, SHARES surged 116% following the broader market yesterday. Recently, the founder of Friend.tech apologized to the community for his remarks about restricting users from using a counterfeit version of Friend.tech, which is positive for such replicas. SHARES has an on-chain liquidity of US$827,000, and a 24-hour trading volume of US$2.17 million. It is essential to stay updated on this token.
PNDC (Token) - A
memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on-chain trading volume reaching US$960,000 and 305 transactions recorded within the same period.
GGBOND2.0 (Token) - An early on-chain project. The token was just listed 3 days ago and today it plummeted by 78%. Contract checks indicate a 4% buy and sell tax, and a whitelist mechanism. The token has significant volatility, making it essential to observe its performance.
GRAYSCALE (Token) - A memecoin leveraging the Grayscale concept. It has been listed for just one day, and has 6177 transactions, liquidity of US$83,000, and a 24-hour trading volume of US$1.26 million, with no issues in its contract. The token has significant volatility, making it essential to observe its performance.
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, the token is stable at a 1:1 exchange rate with USDC.
GNS (Token) - The token has recently unveiled its iteration plan, aiming to continuously empower the GNS token. The token has been slowly rising recently. It could be worth paying attention to this token again.
PENDLE (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance, resulting in a positive performance for the token. Benefiting from the development of the LSD sector, the project's fundamentals continue to improve. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
2.Popular NFTs:
Pandra (NFT) - Pandra is an NFT series issued by Polyhedra Network. Participating in the cross-chain of Pandra NFTs could potentially bring future project benefits. Currently, it can interact with both zkBridge and LayerZero, and the engagement data of this NFT has been boosted by airdrop enthusiasts.
3.Popular DApps:
zkSync (DApp) - zkSync Era announced the launch of the new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is a crucial step toward achieving a decentralized prover. Recent controversies regarding NFT airdrops have increased zkSync's airdrop expectations, leading to an increase in on-chain interaction activity. Eralend, a leading lending protocol in the zkSync ecosystem, was attacked on July 25, significantly impacting the entire ecosystem. zkSync's TVL has been continuously decreasing recently, mainly migrating to Starknet.
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. It has recently launched a promotion called "Walk2Win" in partnership with Nike. Users can earn exclusive rewards just by walking. It is essential to keep an eye on this DApp.
MakerDAO (DApp) - Yesterday, a giant whale address that has been dormant for 8 years converted 2720 WETH into 4.49 million DAI over the past two days and deposited it into MakerDAO to obtain a 5% annual interest rate.
Lens (DApp) - The Web3 social protocol, Lens Protocol, tweeted that some Lens accounts have received test invitations. (Previously, Lens Protocol started testing a new invitation system for selected users.)
Layerswap (DApp) - This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.
Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards. This project deserves attention as there are plans for a token launch in the future.
PancakeSwap (DApp) - The decentralized trading platform PancakeSwap has announced its expansion to the ConsenSys L2 network, Linea, and Base. Originally built on the BNB Chain, PancakeSwap had previously expanded to the Ethereum mainnet, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
OETDaoFinance (DApp) - A platform where users engage in various operations such as staking, withdrawing, and buying points. The potential operational logic behind this could be to incentivize capital deposition through staking and reward users with the platform's native token accordingly. With no verified information on Google or Twitter and a lack of transparency, it is currently not advisable to participate in this project.
4.Twitter Hot Topics:
CYBER (Token) - The listing of CYBER on Bithumb has attracted more speculative funds from South Korea to the CYBER project. Yesterday, Binance conducted a QA activity for Simple Earn, aiming to bring traffic to Cyberconnect. With a $50,000 Cryber token operation, the market has shown a certain response. Coupled with the sharp market surge yesterday, the token price of Cyber was supported and rose. The liquidation of $2.48 million in CYBER contract positions caused a short squeeze, contributing to its upward movement.
5.Regional Trending Searches:
GBTC (Stock) - U.S. Court documents show that Grayscale's request for a reexamination was approved, and the SEC's order was revoked. GBTC's daily trading volume rose to its highest level since the
crypto market crash in June 2022, and the negative premium rate of GBTC continued to narrow.
Main Body
Written by: Bitget Research
Data collection time: August 30, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1.BTC Profile - BRC-20
FRAM (Token) - Recently, the FRAM token consistently ranks first in on-chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.
2. Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 370,855
New active users of ETH: 71,741, with a daily increase of 7.06%
Existing active users of ETH: 299,114, with a daily increase of 9.47%
2.1.2 New User Profile
Core data: There were a total of 71,741 new active users on ETH yesterday, with a daily increase of 7.06%
Popular Sectors
Popular Projects
Key Projects:
zkSync (DApp) - zkSync Era announced the launch of the new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is a crucial step toward achieving a decentralized prover. Recent controversies regarding NFT airdrops have increased zkSync's airdrop expectations, leading to an increase in on-chain interaction activity. Eralend, a leading lending protocol in the zkSync ecosystem, was attacked on July 25, significantly impacting the entire ecosystem. zkSync's TVL has been continuously decreasing recently, mainly migrating to Starknet.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 299,114, with a daily increase of 9.47%
Popular Sectors
Popular Projects
Key Projects:
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
PEPE (Token) - PepeCommunity. The token has recently garnered considerable attention, continuously holding Twitter spaces with 210+ participants engaging in discussions. It has an on-chain liquidity of US$642,000 and a 24-hour trading volume of US$12.16 million, making it an essential token to keep an eye on.
PEPE0.5 (Token) - Elon Musk's mother retweeted a tweet from this project, gaining market attention. Currently, the liquidity is only US$22,000, and the trading volume in the last 24 hours is US$1.72 million.
2.2.2 Uniswap V3
SHARES (Token) - A replica of Friend.tech, SHARES surged 116% following the broader market yesterday. Recently, the founder of Friend.tech apologized to the community for his remarks about restricting users from using a counterfeit version of Friend.tech, which is positive for such replicas. SHARES has an on-chain liquidity of US$827,000, and a 24-hour trading volume of US$2.17 million. It is essential to stay updated on this token.
PNDC (Token) - A memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token is relatively high, with a 24-hour on-chain trading volume reaching US$960,000 and 305 transactions recorded within the same period.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 971,839
New active users on BSC: 147,305, with a daily decrease of 10.07%
Existing active users on BSC: 824,534, with a daily increase of 2.91%
3.1.2 New User Profile
Core data: There were a total of 147,305 new active users on BSC yesterday, with a daily decrease of 10.07%
Popular Sectors
Popular Projects
Key Projects:
Pandra (NFT) - Pandra is an NFT series issued by Polyhedra Network. Participating in the cross-chain of Pandra NFTs could potentially bring future project benefits. Currently, it can interact with both zkBridge and LayerZero, and the engagement data of this NFT has been boosted by airdrop enthusiasts.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 824,534, with a daily increase of 2.91%
Popular Sectors
Popular Projects
Key Projects:
PlaybuxQuest (DApp) - A metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. It has recently launched a promotion called "Walk2Win" in partnership with Nike. Users can earn exclusive rewards just by walking. It is essential to keep an eye on this DApp.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
GGBOND2.0 (Token) - An early on-chain project. The token was just listed 3 days ago and today it plummeted by 78%. Contract checks indicate a 4% buy and sell tax, and a whitelist mechanism. The token has significant volatility, making it essential to observe its performance.
GRAYSCALE (Token) - A memecoin leveraging the Grayscale concept. It has been listed for just one day, and has 6177 transactions, liquidity of US$83,000, and a 24-hour trading volume of US$1.26 million, with no issues in its contract. The token has significant volatility, making it essential to observe its performance.
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 387,558
New active users on Polygon: 81,489, with a daily decrease of 10.16%
Existing active users on Polygon: 306,069, with a daily increase of 7.93%
4.1.2 New User Profile
Core data: There were a total of 81,489 new active users on Polygon yesterday, with a daily decrease of 10.16%
Popular Sectors
Popular Projects
Key Projects:
MakerDAO (DApp) - Yesterday, a giant whale address that has been dormant for 8 years converted 2720 WETH into 4.49 million DAI over the past two days and deposited it into MakerDAO to obtain a 5% annual interest rate.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 306,069, with a daily increase of 7.93%
Popular Sectors
Popular Projects
Key Projects:
Lens (DApp) - The Web3 social protocol, Lens Protocol, tweeted that some Lens accounts have received test invitations. (Previously, Lens Protocol started testing a new invitation system for selected users.)
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
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, the token is stable at a 1:1 exchange rate with USDC.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 135,978
Arbitrum New Active Users: 23,490, with a daily increase of 4.18%
Arbitrum Existing Active Users: 112,488, with a daily decrease of 6.49%
5.1.2 New User Profile
Core data: There were a total of 23,490 new active users on Arbitrum yesterday, with a daily increase of 4.18%
Popular Sectors
Popular Projects
Key Projects:
Layerswap (DApp) - This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. Zkswap and Rollup.finance have already integrated Layerswap and will use the relevant cross-chain services. The project makes cross-chain operations simple and secure. With a solid foundation, it is an essential project to stay updated on.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 112,488, with a daily decrease of 6.49%
Popular Sectors
Popular Projects
Key Projects:
GNS (Token) - The token has recently unveiled its iteration plan, aiming to continuously empower the GNS token. The token has been slowly rising recently. It could be worth paying attention to this token again.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
PENDLE (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance, resulting in a positive performance for the token. Benefiting from the development of the LSD sector, the project's fundamentals continue to improve. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Base Active Users: 83,660
Base New Active Users: 17,389, with a daily increase of 5.18%
Base Existing Active Users: 66,271, with a daily decrease of 8.75%
6.1.2 New User Profile
Core data: There were a total of 17,389 new active users on Base yesterday, with a daily increase of 5.18%
Popular Sectors
Popular Projects
Key Projects:
Friendtech (DApp) - On August 29, the friend.tech protocol generated only US$215,000 in protocol fees, an 87% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 66,271, with a daily decrease of 8.75%
Popular Sectors
Popular Projects
Key Projects:
PancakeSwap (DApp) - The decentralized trading platform PancakeSwap has announced its expansion to the ConsenSys L2 network, Linea, and Base. Originally built on the BNB Chain, PancakeSwap had previously expanded to the Ethereum mainnet, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
7. DApp Ecosystem - All Chains
Galxe (DApp) - The largest on-chain task platform, Galxe announced yesterday the launch of the decentralized identity protocol Galxe Protocol, supported by zero-knowledge proof (ZKP). Galxe Protocol aims to provide a decentralized identity verification system that allows users to fully control and protect their digital identity.
8.DApp Ecosystem - ETH Chain
OpenSea (DApp) - OpenSea released two Ethereum Requests for Comment (ERC-7496 and ERC-7498) and two Seaport Improvement Proposals (SIP-14 and SIP-15) to promote the development of the redeemable ecosystem. Redeemable NFTs allow redemption to receive another on-chain or off-chain item, permitting the minting of a Baby Burn egg on the OpenSea Drop page, then going to the exchange page to burn the egg and exchange it for Burnie.
9.DApp Ecosystem - BSC Chain
Citizen Conflict (DApp) - A team-based hero shooter game developed by QORPOgamestudio, Citizen Conflict launched its Alpha 3.0 version. The leaderboard shows 3000 games played in a week, indicating decent popularity.
10.DApp Ecosystem - Polygon Chain
Woofi (DApp) - A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project's most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is over US$22 million, mainly formed by the staking of WOO tokens. The WOO token can now be staked across seven chains, gradually gaining increasing importance in the Arbitrum and LayerZero ecosystems.
11.DApp Ecosystem - WAX Chain
Farmers World (DApp) - A farming mining game built on WAX. The project consistently ranks among the top in blockchain games. The regularity of social media updates from the project has been low and no substantial changes have been noted.
12.DApp Ecosystem - Solana Chain
Rarible (DApp) - The NFT marketplace Rarible announced on platform X that it will permanently support royalties. As a result, after September 30th, Rarible will no longer aggregate orders from OpenSea, LooksRare, and X2Y2.
13.DApp Ecosystem - Arbitrum Chain
Radiant (DApp) - Radiant is expected to go live on Ethereum in October, gradually implementing a multi-chain layout. Currently, the main TVL is still on Arbitrum, with a total TVL reaching US$160 million. In August, 1.3 million ARB tokens were distributed to qualified dLP lockers.
14.DApp Ecosystem - Base Chain
Bungee (DApp) - A cross-chain aggregator, Bungee is a product by Socket brand. It supports cross-chain operations for Base L2. Socket recently announced the completion of a US$20 million Series A funding round led by Andreessen Horowitz (a16z). Together with the previous US$4.6 million seed round of fundraising, Socket's total funding has reached US$24.6 million. This funding will be used to expand the Socket team and support the integration of more programming languages. There is an expectation of an airdrop for the project, making it an essential one to keep an eye on.
15.DApp Ecosystem - GameFi Sector Across All Chains
Citizen Conflict (DApp) - A team-based hero shooter game developed by QORPOgamestudio, Citizen Conflict launched its Alpha 3.0 version. The leaderboard shows 3000 games played in a week, indicating decent popularity.
16.Gas Fee Consumption - ETH Chain
BananaGun (DApp) - An Ethereum and Telegram sniper bot that has been mentioned by various early degens recently. It has assisted users in sniping the first block of tokens before they go live, allowing them to earn early profits. On August 16, the project released its own NFT. The project has not issued a token yet, making it important to keep a close watch on this DApp.
17.Gas Fee Consumption - BSC Chain
OETDaoFinance (DApp) - A platform where users engage in various operations such as staking, withdrawing, and buying points. The potential operational logic behind this could be to incentivize capital deposition through staking and reward users with the platform's native token accordingly. With no verified information on Google or Twitter and a lack of transparency, it is currently not advisable to participate in this project.
18.Gas Fee Consumption - Polygon Chain
CoinTool (DApp) - A blockchain tool for batch minting XEN. Given the currently low gas fees on Polygon, there remains a minor profit margin from operations. CoinTool consistently ranks at the top of the Polygon network's consumption leaderboard. The relatively low cost of minting XEN has spurred enthusiasm for batch minting XEN on the chain.
19.Gas Fee Consumption - Arbitrum Chain
Vertex (DApp) - Vertex, a hybrid order book-AMM DEX built on Arbitrum, offers unified collateral across spot, perpetual, and money markets. Vertex has received a strategic investment from Wintermute Ventures. The project has a Trade 2 Earn mechanism where trading can earn platform rewards. This project deserves attention as there are plans for a token launch in the future.
20.Gas Fee Consumption - Base Chain
Friendtech (DApp) - The day before yesterday, the friend.tech protocol generated only US$215,000 in protocol fees, an 87% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.
21.Twitter Trends Token Top Rank
CYBER (Token) - The listing of CYBER on Bithumb has attracted more speculative funds from South Korea to the CYBER project. Yesterday, Binance conducted a QA activity for Simple Earn, aiming to bring traffic to Cyberconnect. With a $50,000 Cryber token operation, the market has shown a certain response. Coupled with the sharp market surge yesterday, the token price of Cyber was supported and rose. The liquidation of $2.48 million in CYBER contract positions caused a short squeeze, contributing to its upward movement.
22.Google Trends - Global
GBTC (Stock) - U.S. Court documents show that Grayscale's request for a reexamination was approved, and the SEC's order was revoked. GBTC's daily trading volume rose to its highest level since the crypto market crash in June 2022, and the negative premium rate of GBTC continued to narrow.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: XXBT, HRCC, FTM, MATIC
Pakistan Trending Keywords: crypto screener, forex factory, cointelegraph
b) Southeast Asia Region
Indonesia Trending Keywords: akademi crypto，grayscale
Philippines Trending Tokens and Keywords: CRO，grayscale
c) East Asia and Hong Kong, Macau, and Taiwan
Japan Trending Keywords: betfury
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trending Keywords: No significant trending keyword was found
b) English-speaking Countries
USA Trending Keywords: grayscale etf，gbtc stock，sonik
Canada Trending Tokens: ACH, DOT, gold price
Australia Trending Tokens: XRP, XEN
UK Trending Tokens: XRP, LADYS, HEX, GALA, TRON
c) Europe
Spain Trending Tokens: BTC, ARKM, ACRO, ADA, CYBER, SHIB
Germany Trending Keywords: MATIC, sonik
France Trending Tokens: BTC, LIDO, VRA, SHIB, XEC
Italy Trending Tokens: DERC, SHIB, UNI, GALA, EGLD
Turkey Trending Tokens and Keywords: elon musk twitter
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trending Keywords: dca crypto meaning
South Africa Trending Keywords: DOGE, XRP, gold price usd
b) Middle East Trending Keywords: bitosis，coinmarketcap
c) Latin America
Brazil Trending Tokens: CYBER, CAKE, DOGE
Argentina Trending Tokens: CAW, DAI
References
1. Dune Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
2. Dune Dashboard - Gas Fee Consumption: https://dune.com/bitgetresearch/gas-overview
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