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Bitget

Bitget Research: PEPE 2.0 Leads Meme 2.0 Concept, Azuki Intensifies NFT Bear Market

Bitget Research

2023/06/29

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:

BILI (Token) — A locally promoted project by the largest Chinese Shib community, which originated from the stock symbol of Bilibili on Nasdaq. It is an experimental project aimed at uniting the Chinese community for development. It has a market cap of US$2.47 million, a 24-hour trading volume of US$60,000, and 2101 holders.

PEPE2.0 (Token) — A meme coin created by wallet addresses blacklisted by the founder of PEPE, aiming to be more decentralized than PEPE. It has recently led the market for on-chain meme coins, giving rise to a series of 2.0 meme tokens. The current market cap of the token is US$18 million, with a 24-hour trading volume of US$19 million, indicating high turnover. The token can be traded on Bitget.

L (Token) — A community meme with the character L from “Death Note” as its IP. The project has airdropped tokens to Twitter Blue users, who form a massive, real-person user base. The token has an on-chain liquidity of US$910,000 and a 24-hour trading volume of US$2.9 million. The price is currently oscillating at a low level.

OX (Token) — The platform token of OPNX, a new exchange founded by SuZhu. The total amount of staked OX continues to break ATH, and OPNX has just launched its first Launchpad project, Raiser. 10% of the tokens will be allocated to OX stakers. The current market cap of the token is US$110 million, with a 24-hour trading volume of US$1.69 million.

FTC (Token) — FTC is suspected to be a circle of schemes project, adopting a co-market maker model where users add LP to join in market-making. It has an on-chain liquidity of US$46 million and a 24-hour trading volume of US$2.04 million. The price maintains high-level oscillation.

2.Popular NFTs:

Ethernal Inscriptions (NFT) — Ethernal Inscriptions is a recently launched NFT project that offers free minting on mint.fun. Currently, there are 45,000 minted tokens with 8,830 holders. There is no official Twitter or website available at the moment.

Azuki (NFT) — Azuki issued the Elementals NFT series yesterday, with a selling price of 2ETH. Initially, the community showed high enthusiasm for the sale. However, once the NFTs were revealed, the community found that the content of the NFTs did not significantly differ from the original series. As feelings of disappointment spread throughout the community, the prices of the Azuki and Beanz series of NFTs plummeted by 50%, and trading volume soared.

LFi NFT (NFT) — LFi NFT is an on-chain airdrop project on Polygon. The displayed images are not properly done, and there is currently no content visible. The NFTs follow the ERC-1155 standard and have been airdropped in a quantity of 200,000. The tokens have no transaction records, so caution is advised to ensure they are not irrelevant information or advertisements. Participation is not recommended.

HFWC1 (NFT) — HFWC1 is an NFT project launched by Jimena Buena Vida, the designer of TimePieces. They recently collaborated with Holograph.xyz for the multi-chain NFT release. The project features modern art related to colors, and the current floor price is 0.0003 ETH. Several NFT KOLs on Twitter have been promoting this NFT series, resulting in high community attention. It’s worth keeping an eye on.

3.Popular DApps:

Maverick (DApp) — Maverick is a DEX with an automated market maker (AMM) that dynamically adjusts according to the trading price. Recently launched on Binance Launchpool, the project is backed by top-tier institutions, including Founders Fund, Pentera, Jump, and Circle, among others. Today, the platform’s trading volume reached US$45.35 million, putting it among the top ten in terms of daily trading volume for DEXs, indicating a high level of interest.

Fixedfloat (DApp) — Fixedfloat provides instant, automatic cryptocurrency exchange service via the Lightning Network. It can exchange BTC into tokens on various chains and supports swapping 59 different tokens. The project has been running since 2018 and does not provide custody service. Once it receives the tokens and the required number of network confirmations, the exchange is carried out immediately.

Maverick Claim (DApp) — Maverick is rewarding early users with an airdrop. 30 million MAV tokens were allocated for this airdrop, accounting for 1.5% of the total MAV supply. A total of 26,155 Ethereum wallet addresses and 96,075 zkSync Era wallet addresses are eligible to claim MAV in this first airdrop. At the same time, a governance incentive plan will be launched for veMAV holders who claim airdrops and stake them.

Playbux (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.

Angle (DApp) — Angle Protocol is the decentralized, over-collateralized stablecoin protocol behind the agEUR account. agEUR is pegged to the Euro (EUR) and currently has a market cap of US$29.5 million.

Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. Projects like Scroll and Interport Finance have recently announced their integration with Layerzero services. Layerzero relies on lightweight nodes to verify cross-chain information, significantly reducing the cost of cross-chain verification and making the product a leader in the cross-chain sector.

Socket (DApp) — A multichain application, Socket’s primary offering is the Bungee Cross-Chain Aggregator. It has recently completed its hackathon event, SocketSurge Wave, where the top four developers, based on points, have been awarded their respective NFTs. The project has not issued its token, but there is anticipation around a potential airdrop. With impressive user experience, project users may want to monitor closely.

Holograph (DApp) — An all-chain NFT protocol. Its solution allows NFTs to seamlessly transfer between blockchains without needing to be wrapped. LayerZero will support Holograph as a cross-chain messaging solution. Yesterday, it launched a limited-time free multi-chain mint event, “How Far We’ve Come”, created by artist Jimena Buena Vida, available for free mint on multiple chains for 72 hours.

Helio (DApp) — A Web3 payment platform, unrelated to the decentralized stablecoin project on BSC. The project has raised US$3.3 million in financing led by Solana Ventures. It recently added a fiat payment channel for the BTC NFT market, which has been well received.

4.Twitter Hot Topics:

VELA (Token) — Vela Exchange is a derivatives project on the Arbitrum ecosystem with an order book. After completing the beta testing phase, they returned assets to users and made product upgrades. The project operates in a good manner and offers leveraged trading for cryptocurrencies, traditional commodities, and forex. The user experience is solid, making it worth keeping an eye on.

APE (Token) — Bored Ape Yacht Club (BAYC) announced the launch of a new game called HV-MTL Forge on June 29th. It’s a space-building game where players can construct or customize a unique exhibition space. The game revolves around the HV-MTL robots NFTs created by BAYC, and holding these NFTs grants access to participate. The token price hasn’t shown any significant upward movement, and the token is already listed on Bitget.

5.Regional Trending Searches:

BTC (Token) — BTC market dominance has risen to 52%. Over the past two months, MicroStrategy has added $350 million worth of BTC to its holdings. Interestingly, in the past, whenever ETG Foundation sells or MicroStrategy buys, the market experienced short-term declines.

XEN (Token) — XEN’s founder Jack Levin held a community AMA, announcing that VMPX will serve as the bridge between Bitcoin Ethereum and the X1 Blockchain. As the launch of X1 approaches, VMPX will be exchanged for XN tokens at a 1:3 ratio in the future, leading to a continuous increase in buy orders recently.

Main Body

Written by: Bitget Research

Data collection time: June 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.BTC Profile — BRC-20

2.Blockchain Profile — ETH Chain

2.1 User Profile

2.1.1 Core Data

Total active users of ETH: 433,756
New active users of ETH: 91,640, with a daily increase of 1.16%
Existing active users of ETH: 342,116, with a daily increase of 6.47%

2.1.2 New User Profile

Core data: There were a total of 91,640 new active users on ETH yesterday, with a daily increase of 1.16%
Popular Sectors

Popular Projects

Key Projects:

2.1.3 Existing User Profile

Core data: The number of ETH active existing users is 342,116, with a daily increase of 6.47%
Popular Sectors

Popular Projects

Key Projects:

2.2 Popular Trading Pairs

2.2.1 Uniswap V2

2.2.2 Uniswap V3

3.Blockchain Profile — BSC Chain

3.1 User Profile

3.1.1 Core Data

Total active users on BSC: 1,301,652
New active users on BSC: 202,503, with a daily increase of 5.07%
Existing active users on BSC: 1,099,149, with a daily decrease of 4.25%

3.1.2 New User Profile

Core data: There were a total of 202,503 new active users on BSC yesterday, with a daily increase of 5.07%
Popular Sectors

Popular Projects

Key Projects:

Tauren War (NFT) — An anonymous NFT project with a total of 4000 units. They were transferred in a single transaction to the developer’s account, with no other transactions observed so far. It is essential to observe this NFT.

3.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,099,149, with a daily decrease of 4.25%
Popular Sectors

Popular Projects

Key Projects:

3.2 Popular Trading Pairs

3.2.1 PancakeSwap V2

4.Blockchain Profile — Polygon Chain

4.1 User Profile

4.1.1 Core Data

Total active users on Polygon: 435,254
New active users on Polygon: 95,036, with a daily increase of 4.00%
Existing active users on Polygon: 340,218, with a daily increase of 3.73%

4.1.2 New User Profile

Core data: There were a total of 95,036 new active users on Polygon yesterday, with a daily increase of 4.00%
Popular Sectors

Popular Projects

Key Projects:

4.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 340,218, with a daily increase of 3.73%
Popular Sectors

Popular Projects

Key Projects:

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

agEUR (Token) — Backed by Angle Protocol, agEUR is a capital-efficient, decentralized, and over-collateralized stablecoin protocol. (Earlier on June 4, Stargate voted to pass the proposal of supporting Circle’s Euro-pegged stablecoin, EUROC.) The token’s current market cap is US$29.5 million.

5.Blockchain Profile — Arbitrum Chain

5.1 User Profile

5.1.1 Core Data

Arbitrum Active Users: 197,965
Arbitrum New Active Users: 34,720, with a daily decrease of 12.26%
Arbitrum Existing Active Users: 163,245, with a daily decrease of 7.03%

5.1.2 New User Profile

Core data: There were a total of 34,720 new active users on Arbitrum yesterday, with a daily decrease of 12.26%
Popular Sectors

Popular Projects

Key Projects:

5.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 163,245, with a daily decrease of 7.03%
Popular Sectors

Popular Projects

Key Projects:

5.2 Popular Trading Pairs

5.2.1 Uniswap V3

There are no significant new projects on top of Arbitrum Uni V3’s popular pairs list.

6.DApp Ecosystem — All Chains

Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received US$3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game activity has consistently remained among the top ranks of various chains. There are currently no remarkable promotions.

7.DApp Ecosystem — ETH Chain

Maverick Protocol (DApp) — The Maverick Protocol is a dynamic, automated market maker (AMM) that adjusts according to trading prices. It aims to provide deeper liquidity and improve capital efficiency for liquidity providers in the decentralized financial market. The protocol also offers tools to maximize transaction fee profits, or reduce and avoid uncompensated losses. Its token MAV was officially listed on Binance yesterday, leading to increased attention.

8.DApp Ecosystem — BSC Chain

MOBOX (DApp) — A cross-chain metaverse gaming platform. After launching MoDragon on Arbitrum, Mobox has seen a boost in traffic. With a total of 7000 Genesis Dragon Eggs matching the current game on Arbitrum, MoDragon allows for nurturing and breeding, making it quite popular.

9.DApp Ecosystem — Polygon Chain

Taskon (DApp) — A recently popular Web3 on-chain task platform. According to Similarweb, the official website has a monthly traffic volume of 295,000, with the majority coming from Nigeria, Indonesia, Vietnam, Turkey, and Ukraine. In the past 24 hours, 5 projects added new promotions with tasks, indicating a high frequency of marketing promotions.

10.DApp Ecosystem — WAX Chain

MINING NETWORK (DApp) — Mining Network is an NFT mining game built on the WAX blockchain. Shortly after its launch, Mining Network ranked in the top three on the DappRadar leaderboard and was once a popular top-tier project. However, it has now stagnated and suffered from severe user loss.

11.DApp Ecosystem — Solana Chain

12.DApp Ecosystem — Arbitrum Chain

Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$63.66 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$74,000.

13.DApp Ecosystem — GameFi Sector Across All Chains

Iskra (DApp) — A blockchain gaming platform built on Klaytn, bringing together gamers and game studios with a continuous increase in daily active users. The platform allows gamers to explore and enjoy high-quality blockchain games while creating their own communities. Iskra previously announced that Normain Metaland will conduct an IGO on the platform. The community’s level of interaction has not been ideal, leading to a significant drop in recent activity levels.

14.Gas Fee Consumption — ETH Chain

Ethernal Inscriptions (NFT) — Ethernal Inscriptions is a recently launched NFT project that offers free minting on mint.fun. The token has high minting popularity, with social media sentiments like “everyone is minting these inscriptions, and we don’t even know what they are. I’ll mint a couple just in case (to avoid missing out on potential massive wealth effects)”. https://opensea.io/collection/ethernal-inscriptions

15.Gas Fee Consumption — BSC Chain

Link3 (DApp) — Link3 is a Web3 native social platform built on the CyberConnect protocol. Currently, the total number of CyberProfiles is over 100,000. Recently, Arbitrum, Manta Network, and PoolTogether have joined the Link3 family, with new promotions keeping on-chain interactions active.