Bitget Research Institute: BTC breaks through $45,000, Layer2 tokens such as ARB and METIS surge

CN
1 year ago

In the past 24 hours, the market has seen many new popular coins and topics, perhaps they are the next market focus.

Authored by: Bitget Research Institute

In summary

1. Popular Coins:

SEI (Token): Jayendra (Jay) Jog, co-founder of Sei Labs, posted on social media that Sei v2 will support both EVM and Cosmwasm. By using stateful precompiles and chain-level message scheduling, EVM and Cosmwasm contracts will be able to call each other. Today, SEI briefly broke through $0.8 and is currently priced at $0.7882, with a 24-hour increase of 35%.

METIS (Token): As an Ethereum-compatible Layer2, MetisDAO's release of a $100 million ecological incentive plan has led to a continuous rise in Metis prices. Metis will mainly support decentralized sorters, and the income from sorters will be allocated to the ecosystem, greatly incentivizing ecosystem development. Market funds have begun to speculate on Metis and related ecological projects.

ARC20 Tokens: With the decline in popularity of BRC20 tokens, the ARC20 token QUARK surged this weekend, leading to a sharp increase in Bitcoin network fees and delays in Atomicals nodes in multiple blocks. Subsequently, the ARC20 project Atomicals Protocol announced the creation of a patch to address the current instability and speed issues of the indexer. The patch has improved the speed of decentralized forging (DFT) by 20 times in testing. The improvement is pending confirmation and will be merged into the version within a day.

TRB (Token): TRB rapidly rose in the early hours of January 1st Beijing time, briefly breaking through $600, and then sharply pulling back. It is currently priced at $181.32. Coinglass data shows that TRB contracts accumulated $67.52 million in liquidations on that day, with long liquidations at $24.7998 million and short liquidations at $43.2412 million.

USDC (Token): On December 31st, according to official data, Circle issued 1.9 billion USDC and redeemed 1.8 billion USDC in the past 7 days, increasing the circulation by 100 million. As of December 28th, the total circulation of USDC was $24.8 billion, with reserves of $24.9 billion, including $2.6 billion in cash and $22.3 billion held by the Circle Reserve Fund.

2. Popular NFTs:

Steamboat Willie Public Domain 2024 (NFT): Disney's Mickey-themed NFT, limited to 2000 items, with 681 holding addresses. The floor price has increased tenfold in a single day, with a trading volume of over 500ETH in 24 hours.

3. Popular DAPPs:

zkSync Era (Dapp): According to The Block, Ethereum Layer 2 scaling solution zkSync has processed more transactions in the past month than the Ethereum mainnet. L2Beat data shows that zkSync processed 34.7 million transactions in the past 30 days, surpassing the Ethereum mainnet's 34.2 million transactions during the same period.

Web3Go (Dapp): Web3Go is an AI-native digital asset tool and real-time data infrastructure project. In July of this year, it completed a $4 million seed round of financing led by Binance Labs, with participation from Hashkey Capital, among others. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

XPET (Dapp, Token): XPET is a socialfi + gamefi project on the Arbitrum chain, requiring players to feed and accompany pets to ensure their survival, helping players earn token rewards. Recently, xpet released PvE gameplay, increasing consumption of $BPET, and the project's user and transaction data has grown rapidly. At the same time, the egg fragments produced in PvE mode can also be synthesized into NFTs, which are currently circulating in the secondary market. Bitget has listed XPET tokens.

QnA3 (Dapp): QnA3.AI is an AI-driven Web3 knowledge sharing platform that has been selected for the sixth phase of the Binance Labs incubator and has been awarded the high-potential project title for the BNB Chain 6th anniversary, with expected airdrops.

4. Twitter Hot Topics:

SEI (Token): Jayendra (Jay) Jog, co-founder of Sei Labs, posted on social media that Sei v2 will support both EVM and Cosmwasm. By using stateful precompiles and chain-level message scheduling, EVM and Cosmwasm contracts will be able to call each other. Today, SEI briefly broke through $0.8 and is currently priced at $0.7882, with a 24-hour increase of 35%.

5. Regional Hot Searches:

TRB (Token): TRB rapidly rose in the early hours of January 1st in the GMT+8 time zone, briefly breaking through $600, and then sharply pulling back. It is currently priced at $181.32. Coinglass data shows that TRB contracts accumulated $67.52 million in liquidations on that day, with long liquidations at $24.7998 million and short liquidations at $43.2412 million.

Main Text

Authored by: Bitget Research Institute

Statistical time: January 2nd, 10:30

Data source: Dune, Dapps, Twitter, Google

Explanation:

1) New active users: refers to wallet addresses that have newly emerged in the past 24 hours on the public chain and have had interaction on the chain

2) Stock active users: refers to wallet addresses that were generated on the public chain 24 hours ago, but have had interaction on the chain in the past 24 hours

3) Dapp daily active wallets (UAW: unique active wallets)

4) TGE (Token Generation Event)

5) In the report, "Entity" refers to a collective term for contract accounts (CA) and Ethereum original accounts (EOA), and is not the result of summarizing entity addresses

1. BTC Portrait - BRC20

ARC20 Tokens: With the decline in popularity of BRC20 tokens, the ARC20 token QUARK surged this weekend, leading to a sharp increase in Bitcoin network fees and delays in Atomicals nodes in multiple blocks. Subsequently, the ARC20 project Atomicals Protocol announced the creation of a patch to address the current instability and speed issues of the indexer. The patch has improved the speed of decentralized forging (DFT) by 20 times in testing. The improvement is pending confirmation and will be merged into the version within a day.

2. Public Chain Portrait - ETH Public Chain

2.1 User Portrait

2.1.1 Core Data

Total active users on ETH: 483,841

ETH new active users: 73,742, change from yesterday: -6.90%

ETH stock active users: 410,099, change from yesterday: +20.54%

2.1.2 New User Portrait

Core data: ETH new active users yesterday 73,742, change from yesterday -6.90%

Popular Track Situation

Popular Project Situation

zkSync Era (Dapp): According to The Block, Ethereum Layer 2 scaling solution zkSync has processed more transactions in the past month than the Ethereum mainnet. L2Beat data shows that zkSync processed 34.7 million transactions in the past 30 days, surpassing the Ethereum mainnet's 34.2 million transactions during the same period.

2.1.3 Stock User Portrait

Core data: ETH stock active users 410,099, change from yesterday +20.54%

Popular Track Situation

Popular Project Situation

USDC (Token): On December 31st, according to official data, Circle issued 19 billion USDC and redeemed 18 billion USDC in the past 7 days, increasing the circulation by 1 billion. As of December 28th, the total circulation of USDC was $24.8 billion, with reserves of $24.9 billion, including $2.6 billion in cash and $22.3 billion held by the Circle Reserve Fund.

2.2 Popular Coin Pairs

2.2.1 Uniswap V2

Meme coins related to the 2024 New Year concept and the Year of the Dragon concept, such as LFG24 and LONG, appeared on the Ethereum network yesterday, with large daily price fluctuations.

2.2.2 Uniswap V3

METIS (Token): As an Ethereum-compatible Layer2, MetisDAO's release of a $100 million ecological incentive plan has led to a continuous rise in Metis prices. Metis will mainly support decentralized sorters, and the income from sorters will be allocated to the ecosystem, greatly incentivizing ecosystem development. Market funds have begun to speculate on Metis and related ecological projects.

2.3 Popular NFTs

2.3.1 Top NFT Collection

Steamboat Willie Public Domain 2024 (NFT): Disney's Mickey-themed NFT, limited to 2000 items, with 681 holding addresses. The floor price has increased tenfold in a single day, with a 24-hour trading volume of over 500ETH.

(https://opensea.io/collection/steamboat-willie-public-domain-2024/analytics)

3. Public Chain Portrait - BSC Public Chain

3.1 User Portrait

3.1.1 Core Data

Total active users on BSC: 1,622,818

New active users on BSC: 193,188, change from yesterday: -46.59%

Stock active users on BSC: 1,429,630, change from yesterday: -26.96%

3.1.2 New User Portrait

Core data: New active users on BSC yesterday 193,188, change from yesterday -46.59%

Popular Track Situation

Popular Project Situation

Web3Go (Dapp): Web3Go is an AI-native digital asset tool and real-time data infrastructure project. In July of this year, it completed a $4 million seed round of financing led by Binance Labs, with participation from Hashkey Capital, among others. The new funds will be used to accelerate the development of its Data Intelligence Network (DIN) project. Web3Go was selected for the BinanceLabs MVB V incubation program in 2022.

3.1.3 Stock User Portrait

Core data: Stock active users on BSC 1,429,630, change from yesterday -26.96%

Popular Track Situation

Popular Project Situation

NFP (Token): NFPrompt is the first AI-driven art creation and NFT trading platform, allowing users to generate artwork through text prompts and mint them as NFTs, empowering each user to become an artist and own works on the chain. The token's performance after TGE is not ideal.

3.2 Popular Coin Pairs

3.2.1 PancakeSwap V2

There are no particularly popular new tokens emerging on the BSC.

4. Public Chain Portrait - Polygon Public Chain

4.1 User Portrait

4.1.1 Core Data

Total active users on Polygon: 520,845

New active users on Polygon: 60,756, change from yesterday: -45.44%

Stock active users on Polygon: 460,089, change from yesterday: +3.29%

4.1.2 New User Portrait

Core data: New active users on Polygon yesterday 60,756, change from yesterday -45.44%

Popular Track Situation

Popular Project Situation

Port3 (Dapp): The Port3 project is a blockchain project aimed at becoming a Web3 social data gateway, providing open data services by aggregating Web2 and Web3 data. Port3's design includes three core modules: data collection, data reading, and data application to support community dynamics, social media trends, and on-chain transaction data aggregation. Recently, Port3 Network launched the BRC20 section and will release Bitcoin BQL. It is recommended to continue monitoring this project.

4.1.3 Stock User Portrait

Core data: Stock active users on Polygon 460,089, change from yesterday +3.29%

Popular Track Situation

Popular Project Situation

SmartCat (NFT): NFT project launched by SmartLayer, with very high on-chain activity. Users can interact with SmartCat NFTs by feeding, cleaning, and other interactions, resulting in high interaction activity.

4.2 Popular Coin Pairs

4.2.1 Uniswap V3

There are no particularly popular new tokens emerging on Polygon.

5. Public Chain Portrait - Arbitrum Public Chain

5.1 User Portrait

5.1.1 Core Data

Total active users on Arbitrum: 153,594

New active users on Arbitrum: 21,577, change from yesterday: -63.71%

Stock active users on Arbitrum: 132,017, change from yesterday: -16.09%

5.1.2 New User Portrait

Core data: New active users on Arbitrum yesterday 21,577, change from yesterday -63.71%

Popular Track Situation

Popular Project Situation

XPET (Token, Dapp): XPET is a socialfi + gamefi project on the Arbitrum chain, requiring players to feed, accompany pets, and ensure their survival to help players earn token rewards. Recently, xpet released PvE gameplay, increasing consumption of $BPET, and the project's user and transaction data are rapidly growing. At the same time, egg fragments produced in PvE mode can also be used to create NFTs, which are currently circulating in the secondary market. Bitget has listed XPET tokens.

5.1.3 Stock User Portrait

Core data: Stock active users on Arbitrum 132,017, change from yesterday -16.09%

Popular Track Situation

Popular Project Situation

XAI (Dapp): The airdrop activity for the XAI ecological game on Arbitrum will be delayed, and the specific date is still being determined.

5.2 Popular Coin Pairs

5.2.1 Uniswap V3

XPET and BPET have been clarified in the previous section.

6. Public Chain Portrait - Base Public Chain

6.1 User Portrait

6.1.1 Core Data

Total active users on Base: 74,357

New active users on Base: 9,656, change from yesterday: -42.86%

Stock active users on Base: 64,701, change from yesterday: +8.81%

6.1.2 New User Portrait

Core data: New active users on Base yesterday 9,656, change from yesterday -42.86%

Popular Track Situation

Popular Project Situation

Merkly Refuel (Dapp): Merkly is a multifunctional Omnichain platform aimed at simplifying bridging through LayerZero's breakthrough technology. The refuel contract aims to provide gas fees for gasless chains through swap+ cross-chain methods.

6.1.3 Stock User Portrait

Core data: Stock active users on Base 64,701, change from yesterday +8.81%

### 7. DAPP Ecosystem - All Public Chains

Sleepless Al (Dapp): This project is the first AI+Crypto project to land on Binance Launchpool. The project generates chat partners for users through AI, allowing users to chat with AI boyfriends and girlfriends.

### 8. DAPP Ecosystem - ETH Public Chain

Manifold (Dapp): Manifold is a creator platform that allows artists to create NFTs, release smart contracts using modular products, and mint NFTs. Artists can create their own single-page auction websites through the gallery application in the manifold studio. The platform has previously collaborated with several well-known artists and studios, generating substantial income for the artists.

### 9. DAPP Ecosystem - BSC Public Chain

QnA3 (Dapp): QnA3.AI is an AI-driven Web3 knowledge sharing platform that has been selected for the sixth phase of the Binance Labs incubator and has been awarded the title of high-potential project for the 6th anniversary of BNB Chain, with an expected airdrop.

### 10. DAPP Ecosystem - Polygon Public Chain

SmartCats has been clarified in the previous section.

### 11. DAPP Ecosystem - Solana Public Chain

Jupiter (Dapp): The Solana ecosystem derivatives exchange, Jupiter Exchange, has announced detailed information about the JUP community airdrop, with a total of 10 billion JUP tokens, 40% of which will be distributed to the community through 4 rounds of airdrops. This round will distribute 10% (1 billion tokens), and there will be further airdrops for new users. With the recent significant increase in on-chain trading volume on Solana, even surpassing ETH, it is gaining popularity and is worth continued attention in the future.

### 12. DAPP Ecosystem - Arbitrum Public Chain

WOOFI (Dapp): The crypto trading platform WOO X plans to expand its designated market maker (DMM) program to the spot market in January next year. Since the launch of the perpetual contract DMM model in August 2023, the model currently accounts for nearly 80% of all order trading volume in the perpetual futures market.

### 13. DAPP Ecosystem - Base Public Chain

Dmail and others have been clarified in the previous section.

### 14. DAPP Ecosystem - GameFi Sector Across All Public Chains

Yuliverse (Dapp): Yuliverse has established a new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines GameFi and SocialFi elements, using NFTs and cryptocurrencies ARG and ART. The game aims to promote social interaction and engagement, providing players with the opportunity to explore the real world and build connections. The game mechanics of Yuliverse include elements of earning money, providing players with a unique gaming experience.

### 15. Gas Fee Consumption - ETH Public Chain

Maestro (Dapp): Maestro, as a well-known on-chain bot, is highly favored by the crypto community. Currently, Maestro's daily fees have increased to previous highs, reaching $150,000 to $200,000, maintaining its position at the forefront of the BOT track.

### 16. Gas Fee Consumption - BSC Public Chain

### 17. Gas Fee Consumption - Polygon Public Chain

CoinTool: Xen Batch Minter (Dapp): A well-known on-chain tool product, currently widely used on Polygon, XEN Batch Minter helps users batch mint XEN tokens.

### 18. Gas Fee Consumption - Arbitrum Public Chain

Vertex (Dapp): Vertex is a decentralized exchange (DEX) protocol based on Arbitrum, providing cross-margin trading services. It integrates spot, perpetual contract, and currency markets into one application and has become the most active derivatives platform on Arbitrum.

### 19. Gas Fee Consumption - Base Public Chain

Aerodrome (Dapp): Aerodrome is an emerging automated market maker (AMM) protocol designed to be the central liquidity hub for Coinbase's Layer 2 chain Base. Aerodrome's design is inspired by the Velodrome V2 model to incentivize liquidity on the protocol. Aerodrome operates independently of Velodrome, although the two have collaborated. Aerodrome's AERO is a utility and governance token, holders can lock the tokens and receive veAERO NFTs, as well as voting rights based on the lock-up period.

### 20. Twitter Trends Token Top Rank

SEI (Token): Sei Labs co-founder Jayendra (Jay) Jog stated on social media that Sei v2 will support both EVM and Cosmwasm. By using stateful precompiles and chain-level message scheduling, EVM and Cosmwasm contracts will also be able to call each other. Today, SEI briefly broke through $0.8, currently trading at $0.7882, with a 24-hour increase of 35%.

### 21. Google Trends Token Top Rank

TRB (Token): TRB rapidly surged in the early hours of January 1st, breaking through $600 in the short term, followed by a significant pullback, currently trading at $181.32. Coinglass data shows that TRB contracts accumulated a total of $67.52 million in liquidations on that day, with long liquidations at $24.7998 million and short liquidations at $43.2412 million.

### 22. Google Search Hot Words Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macao, and Taiwan

[South Asia]

"India" Hot Searches: lfg, fil, trb;

"Pakistan" Hot Searches: coinglass, kucoin, coingecko;

[Southeast Asia]

"Malaysia" Hot Searches: trb, matic, lfg;

"Philippines" Hot Searches: trb, bitcoin;

"Singapore" Hot Searches: trb, ai, bitcoin;

"Indonesia" Hot Searches: lfg, celestia, cmc;

[East Asia]

Hot Searches: crypto bubbles;

### 23. Google Search Hot Words Surge - English-speaking Regions, Europe, CIS Region

[CIS Region]

Hot Searches: coinmarketcap, crypto exchange, arkham;

[English-speaking Regions]

"Australia" Hot Searches: kadena, tron, velo, 1inch;

"UK" Hot Searches: osmo, jasmy, beam, olas, bounce, 1inch, jto;

"USA" Hot Searches: lfg, ray, jto, trb, olas;

"Canada" Hot Searches: cel, icp, beam, olas, jto, op;

[Europe]

"France" Hot Searches: kp3r, orai, iotx, ray;

"Poland" Hot Searches: mexc, usdt, bitpay, fantom;

"Switzerland" Hot Searches: grt, sia, bonk, sei, gmx;

"Turkey" Hot Searches: trb, coinbase, investing crypto;

"Germany" Hot Searches: qnt, dca;

"Italy" Hot Searches: slp, analos, axs, inj;

"Spain" Hot Searches: avax, kujira, sand, gala;

24. Google Search Hot Words Surge - Middle East, Latin America, Africa

[Africa]

"South Africa" Hot Searches: eth, easy crypto login;

"Nigeria" Hot Searches: atom, dca, ice;

[Middle East]

Hot Searches: coinmarketcap, trb, icp;

[Latin America]

"Brazil" Hot Searches: trb, astr, kusama, aioz, eth;

"Argentina" Hot Searches: worldcoin, dolar;

"Mexico" Hot Searches: avax, trb;

Reference Links

Dune On-Chain Data Dashboard - Public Chain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview

Dune On-Chain Data Dashboard - Gas Consumption: https://dune.com/bitgetresearch/gas-overview

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