Bitget Research Institute: Metis TVL climbs to US$600 million, and the overall crypto market is undergoing a correction

In the past 24 hours, many new popular currencies and topics have emerged in the market. Perhaps they will be the next market focus.

Written by: Bitget Research Institute

In conclusion

**1. Popular currencies: **

rats (Token): There has been a general correction in BRC20 track tokens, but rats still have good trading volume in the spot market, with a trading volume of approximately US$1.55 million in the past 24 hours.

Metis (Tokne): As Ethereum is compatible with Layer 2, MetisDAO has been rising since it released a US$100 million ecological incentive plan. Metis will soon mainly support decentralized sorters, and allocate sorter income, the main income, to the ecosystem to a large extent. To stimulate ecological development, market funds have begun to speculate on Metis and related ecological projects.

BOO (Token): BOO is a project token issued by Omnichain NFT Gh0stly Gh0sts. This project is the first NFT series project developed using LayerZero. The project tokens launched this time also use LayerZero technology to be issued on multiple chains. A TGE was performed in the early morning of December 27. The heat was high after TGE, so it is recommended to pay attention.

CAKE (Token): On December 26, according to official news, PancakeSwap announced today that it had destroyed 10,166,225 CAKEs, worth approximately US$34 million. Affected by the news, Cake token rose by 21%.

RNDR (Token): The cryptocurrency project Render Token (RNDR) is a native token issued by Render Network. Render Network is a decentralized GPU provider built on Ethereum, designed to connect 3D artists with node operators with idle GPUs to handle rendering tasks.

XPET (Token): Currently the hottest SocialFi game project on Arbitrum, XPET is the native token of the project. BPET’s performance has been outstanding in the past month, with a 10-fold increase from the bottom. Its game also launched a new PVE mode and added new BPET consumption scenarios.

SEI (Token): The market has begun to pay attention to the Parallelized EVM public chain again, and SEI is one of the representative public chains. Breaking through the sequential execution of ETH, efficient expansion and low latency are the core narratives of the next round of EVM public chains. At present, many targets have bottomed out, funds have begun to enter the market steadily, and many crypto industry leaders have begun to express their opinions on parallelized EVM on 24 Optimism and outlook for the year;

OSMO (Token): South Korean crypto exchange Bithumb will list Osmosis (OSMO) in the Korean won market. It only supports the Osmosis (mainnet) network and does not support recharge through other networks. OSMO rose after the announcement.

ANALOS (Token): Solana’s most popular meme coin, after a sharp rise, followed the overall decline of the Solana ecosystem yesterday, falling 70% in a single day. The transaction volume on the chain exceeded $47M in 24 hours, and the number of transactions exceeded 70,000.

**2. Popular NFT aspects: **

Gh0stly Gh0sts (NFT): Gh0stly Gh0sts is the first Omnichain NFT developed using LayerZero technology. After the project token $BOO TGE, the official Twitter released information saying that the NFT has not yet taken a snapshot, implying that there will be airdrops for NFT, and then the price of NFT dropped. Funding speculation began to rise.

SmartCat (NFT): The NFT project recently launched by SmartLayer has become very popular on the chain, with the current number of Holders reaching 880,000.

**3. Popular DAPP aspects: **

Manta_pacific: DepostiBridge (Dapp): Manta, as a relatively promising Layer 2 recently, has recently launched a deposit to obtain NFT project. It is considered by many players as a certificate for potential airdrops, causing more addresses to participate.

TinyTap Game Events Contract (Dapp): TinyTap is a large library of games created by teachers. The project became part of Animoca Brands and aims to build an open education system based on the blockchain. Animoca Brands claimed that it intends to purchase additional EDU tokens from the open market, and Binance Labs invested US$3.15 million in the Web3 education protocol Open Campus, bringing a certain amount of traffic to the web3 education sector.

Xai_contract: xia_sentaryy_node (Dapp): Arbitrum ecological game Layer3 Xai announced on the X platform that it will distribute the first season airdrop on December 27. Among them, Xai Odyssey Legend and Pioneer participants have been snapshotted, while Xai Sentry Keys holders have not yet been snapshotted. The listing status of the trading platform will be announced after the airdrop begins.

bloXroute (Dapp): bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete about-face, announcing that it will begin censoring OFAC-sanctioned blocks on all of its MEV relays in accordance with local law. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

QuickSwap (Dapp): Yesterday, amid the decline in the market and the decline in copycats, MATIC bucked the trend and rose 10% to exceed US$1, stimulating trading enthusiasm on the Polygon chain. The token price of QuickSwap, the native DEX on Polygon, immediately rose sharply.

OdosRouterV2 (Dapp): Odos Protocol is the first Dex aggregator that allows users to exchange multiple tokens into one asset in a single atomic transaction, which can easily convert a basket of input tokens into the desired output at once , thus saving gas costs and limiting market volatility.

Wormhole (Dapp): Cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service, allowing application developers to extract any on-chain data on demand. Wormhole said that compared to the push model, Queries provides a latency of less than 1 second and can reduce gas fees by 84%.

Uniswap V3 (Dapp): Uniswap V3 is an advanced decentralized trading platform characterized by centralized liquidity and non-fungible liquidity provider locations, allowing users to provide liquidity more efficiently within a specific price range. It provides users with a more flexible and efficient trading experience by providing multiple rate tiers to adapt to different market risks, supporting complex trading and arbitrage strategies, while maintaining good interoperability with other DeFi protocols.

Aerodrome (Dapp): Aerodrome is an emerging automated market maker (AMM) protocol that aims to become the central liquidity hub for Coinbase’s Layer 2 chain Base. Aerodrome’s design draws from 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 that allows holders to lock the token and receive veAERO NFTs, as well as voting rights based on the lock time.

Yuliverse (Dapp): Yuliverse establishes new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines elements of GameFi and SocialFi, using NFTs and the cryptocurrencies ARG and ART. Games are designed to promote social interaction and engagement, providing players with opportunities to explore the real world and make connections. Yuliverse’s game mechanics include the element of finding and making money, providing players with a unique gaming experience.

**4. Twitter Hot Discussions: **

MATIC (Token): Yesterday, amid the decline in the market and the general decline in copycats, MATIC bucked the trend and rose 10% to exceed US$1.

METIS (Token): On December 18, the MetisDAO Foundation, the organization behind Layer 2 Rollup Metis, said it had created a fund of approximately US$100 million to accelerate the development of its ecosystem. Since the news was released, the price of METIS currency has been rising, the ecological TVL has increased, and the tokens in the ecosystem have surged.

**5. Regional hot searches: **

SEI (Token): The market has begun to pay attention to the Parallelized EVM public chain again, and SEI is one of the representative public chains. Breaking through the sequential execution of ETH, efficient expansion and low latency are the core narratives of the next round of EVM public chains. At present, many targets have bottomed out, funds have begun to enter the market steadily, and many crypto industry leaders have begun to express their opinions on parallelized EVM on 24 Optimism and outlook for the year;

OSMO (Token): South Korean crypto exchange Bithumb will list Osmosis (OSMO) in the Korean won market. It only supports the Osmosis (mainnet) network and does not support recharge through other networks. OSMO rose after the announcement.

ANALOS (Token): Solana’s most popular meme coin, after a sharp rise, followed the overall decline of the Solana ecosystem yesterday, falling 70% in a single day. The transaction volume on the chain exceeded $47M in 24 hours, and the number of transactions exceeded 70,000.

Text

Written by: Bitget Research Institute

Data statistics time: December 27, 10:30

Data source: Dune, Dapps, Twitter, Google

illustrate:

1) Newly added active users: refers to the wallet addresses newly generated in the public chain in the past 24 hours and having interactive behaviors on the chain

2) Existing active users: refers to wallet addresses that were generated on the public chain 24 hours ago but have interacted with the chain in the past 24 hours

3）Dapp Nikkatsu (UAW: unique active wallets)

4）TGE (Token Generation Event)

5) Entity in the report is the collective name for contract accounts (CA) and Ethereum original accounts (EOA), and is not the result of aggregation of entity addresses

1.BTC Image - BRC20

rats (Token): There has been a general correction in BRC20 track tokens, but rats still have good trading volume in the spot market, with a trading volume of approximately US$1.55 million in the past 24 hours.

2. Public chain portrait-ETH public chain

2.1 User portrait

2.1.1 Core Data

Total number of active ETH users: 448,243

Number of new active users of ETH: 89,769 Increase or decrease compared to yesterday: +13.17%

Number of active ETH users: 358,474 Increase or decrease compared to yesterday: +1.37%

2.1.2 Add user portrait

Core data: ETH added 89,769 new active users yesterday, +13.17% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Manta_pacific: DepostiBridge (Dapp): Manta, as a relatively promising Layer 2 recently, has recently launched a deposit to obtain NFT project. It is considered by many players as a certificate for potential airdrops, causing more addresses to participate.

2.1.3 Existing user portraits

Core data: There are 358,474 active ETH users, +1.37% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Tether (Token): On December 26, according to Whale monitoring data, stablecoin issuer Tether issued an additional 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Tron network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and inventory for cross-chain exchanges.

2.2 Popular currency pairs

2.2.1 Uniswap V2

Metis (Tokne): As Ethereum is compatible with Layer 2, MetisDAO has been rising since it released a US$100 million ecological incentive plan. Metis will soon mainly support decentralized sorters, and allocate sorter income, the main income, to the ecosystem to a large extent. To stimulate ecological development, market funds have begun to speculate on Metis and related ecological projects.

2.2.2 Uniswap V3

BOO (Token): BOO is a project token issued by Omnichain NFT Gh0stly Gh0sts. This project is the first NFT series project developed using LayerZero. The project tokens launched this time also use LayerZero technology to be issued on multiple chains. A TGE was performed in the early morning of December 27. The heat was high after TGE, so it is recommended to pay attention.

2.3 Popular NFT

2.3.1 Top NFT Collection

Gh0stly Gh0sts (NFT): Gh0stly Gh0sts is the first Omnichain NFT developed using LayerZero technology. After the project token $BOO TGE, the official Twitter released information saying that the NFT has not yet taken a snapshot, implying that there will be airdrops for NFT, and then the price of NFT dropped. Funding speculation began to rise.

3. Public chain portrait-BSC public chain

3.1 User portrait

3.1.1 Core Data

Total BSC active users: 1,247,803

Number of new active users of BSC: 211,684 Increase or decrease compared to yesterday: +44.23%

Number of active BSC users: 1,036,119 Increase or decrease compared to yesterday: +17.32%

3.1.2 Add user portrait

Core data: BSC added 211,684 new active users yesterday, +44.23% compared to yesterday

Popular track conditions

Popular project status

Key projects:

TinyTap Game Events Contract (Dapp): TinyTap is a large library of games created by teachers. The project became part of Animoca Brands and aims to build an open education system based on the blockchain. Animoca Brands claimed that it intends to purchase additional EDU tokens from the open market, and Binance Labs invested US$3.15 million in the Web3 education protocol Open Campus, bringing a certain amount of traffic to the web3 education sector.

3.1.3 Existing user portraits

Core data: BSC has 1,036,119 existing active users, +17.32% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Port3_aggregator (Dapp): The Port3 project is a blockchain project designed to become a Web3 social data gateway. It provides open data services by aggregating Web2 and Web3 data. The design of Port3 includes three core modules: data collection, data reading and data application to support the aggregation of community dynamics, social media trends and on-chain transaction data. Recently, Port3 Network has launched the BRC20 section and will release Bitcoin BQL. It is recommended to continue to pay attention.

3.2 Popular currency pairs

3.2.1 PancakeSwap V2

CAKE (Token): On December 26, according to official news, PancakeSwap announced today that it had destroyed 10,166,225 CAKEs, worth approximately US$34 million. Affected by the news, Cake token rose by 21%.

4. Public chain portrait-Polygon public chain

4.1 User portrait

4.1.1 Core Data

Total Polygon active users: 506,963

Number of new active users of Polygon: 98,308 Increase or decrease compared to yesterday: +20.22%

Number of existing active Polygon users: 408,655 Increase or decrease compared to yesterday: +12.25%

4.1.2 Add user portrait

Core data: Polygon added 98,308 new active users yesterday, +20.22% compared to yesterday

Popular track conditions

Popular project status

Key projects:

SmartCat (NFT): The NFT project recently launched by SmartLayer has become very popular on the chain, with the current number of Holders reaching 880,000.

4.1.3 Existing user portraits

Core data: Polygon has 408,655 active users, +12.25% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Port3_aggregator (Dapp): The Port3 project is a blockchain project designed to become a Web3 social data gateway. It provides open data services by aggregating Web2 and Web3 data. The design of Port3 includes three core modules: data collection, data reading and data application to support the aggregation of community dynamics, social media trends and on-chain transaction data. Recently, Port3 Network has launched the BRC20 section and will release Bitcoin BQL. It is recommended to continue to pay attention.

4.2 Popular currency pairs

4.2.1 Uniswap V3

RNDR (Token): The cryptocurrency project Render Token (RNDR) is a native token issued by Render Network. Render Network is a decentralized GPU provider built on Ethereum, designed to connect 3D artists with node operators with idle GPUs to handle rendering tasks.

5. Public chain portrait - Arbitrum public chain

5.1 User portrait

5.1.1 Core Data

Total Arbitrum active users: 201,332

Number of new active users in Arbitrum: 35,721 Increase or decrease compared to yesterday: +23.45%

Number of existing active users of Arbitrum: 165,611 Increase or decrease compared to yesterday: +0.41%

5.1.2 Add user portrait

Core data: Arbitrum added 35,721 new active users yesterday, +23.45% compared to yesterday

Popular track conditions

Popular project status

Key projects:

BPET (Token): Currently the hottest SocialFi game project on Arbitrum, BPET is the token produced in the project’s game. BPET’s performance has been outstanding in the past month, with a 10-fold increase from the bottom. Its game also launched a new PVE mode and added new BPET consumption scenarios.

5.1.3 Existing user portraits

Core data: Arbitrum has 165,611 active users, +0.41% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Xai_contract: xia_sentaryy_node (Dapp): Arbitrum ecological game Layer3 Xai announced on the X platform that it will distribute the first season airdrop on December 27. Among them, Xai Odyssey Legend and Pioneer participants have been snapshotted, while Xai Sentry Keys holders have not yet been snapshotted. The listing status of the trading platform will be announced after the airdrop begins.

5.2 Popular currency pairs

5.2.1 Uniswap V3

XPET (Token): Currently the hottest SocialFi game project on Arbitrum, XPET is the native token of the project. BPET’s performance has been outstanding in the past month, with a 10-fold increase from the bottom. Its game also launched a new PVE mode and added new BPET consumption scenarios.

6. Public chain portrait - Base public chain

6.1 User portrait

6.1.1 Core Data

Base total active users: 79,513

Number of new active users in Base: 16,644 Increase or decrease compared to yesterday: +20.29%

Number of existing active users in Base: 62,869 Increase or decrease compared to yesterday: +17.28%

6.1.2 Add user portrait

Core data: Base added 16,644 new active users yesterday, +20.29% compared to yesterday

Popular track conditions

Popular project status

Key projects:

OdosRouterV2 (Dapp): Odos Protocol is the first Dex aggregator that allows users to exchange multiple tokens into one asset in a single atomic transaction, which can easily convert a basket of input tokens into the desired output at once , thus saving gas costs and limiting market volatility.

6.1.3 Existing user portraits

Core data: Base has 62,869 active users, +17.28% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Dmail (Dapp): Dmail is an email application based on Web3.0 and Dfinity technology. It integrates NFT functionality and distributed storage. Each account itself is an NFT. This project aims to eliminate the differences between traditional email systems and blockchain-based email systems, thereby lowering the barriers for users and developers to participate in the crypto world. Dmail is designed to make using blockchain technology as easy and intuitive as the Internet.

7.DAPP Ecosystem-All Public Chains

KAI-CHING (Dapp): Shopping platform on the NEAR blockchain, pay with KAIC at hundreds of stores and stores, enjoy discounts, five smartphone providers have integrated KAIKAINOW into their devices.

8.DAPP Ecology-ETH Public Chain

Wormhole (Dapp): Cross-chain infrastructure Wormhole announced the launch of Wormhole Queries, a cross-chain instant data retrieval service, allowing application developers to extract any on-chain data on demand. Wormhole said that compared to the push model, Queries provides a latency of less than 1 second and can reduce gas fees by 84%.

9.DAPP Ecology-BSC Public Chain

Sleepless AI (Dapp): This project is the first AI+Crypto project to be listed on Binance Launchpool. The project is an application product that uses AI to generate chat partners of handsome men and beautiful women, allowing users to chat with AI boyfriends and girlfriends.

10.DAPP Ecology-Polygon Public Chain

Yuliverse (Dapp): Yuliverse establishes new investment partnership with DWF Labs. Yuliverse is a free-to-play blockchain metaverse game that combines elements of GameFi and SocialFi, using NFTs and the cryptocurrencies ARG and ART. Games are designed to promote social interaction and engagement, providing players with opportunities to explore the real world and make connections. Yuliverse’s game mechanics include the element of finding and making money, providing players with a unique gaming experience.

11.DAPP Ecosystem-Solana Public Chain

Jupiter Exchange (Dapp): Solana ecological trading derivatives exchange Jupiter Exchange has announced the details of the JUP community airdrop. The total amount of JUP is 10 billion, 40% will be allocated to the community through 4 rounds of airdrops, and 10% will be allocated in this round ( 1 billion), and there will be subsequent airdrops for new users. Recently, the transaction volume on the Solana chain has increased significantly, even surpassing that of ETH, and its popularity has increased. You can continue to pay attention to it in the future.

12.DAPP Ecosystem-Arbitrum Public Chain

Uniswap V3 (Dapp): Uniswap V3 is an advanced decentralized trading platform characterized by centralized liquidity and non-fungible liquidity provider locations, allowing users to provide liquidity more efficiently within a specific price range. It provides users with a more flexible and efficient trading experience by providing multiple rate tiers to adapt to different market risks, supporting complex trading and arbitrage strategies, while maintaining good interoperability with other DeFi protocols.

13.DAPP Ecology-Base Public Chain

Aerodrome (Dapp): Aerodrome is an emerging automated market maker (AMM) protocol that aims to become the central liquidity hub for Coinbase’s Layer 2 chain Base. Aerodrome’s design draws from 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 that allows holders to lock the token and receive veAERO NFTs, as well as voting rights based on the lock time.

14.DAPP Ecology-Full Public Chain GameFi Section

Sweat Economy (Dapp): A traditional Web2 project transformed into a Web3 wallet + Move to earn project. It has been downloaded more than 5 million times on Google Play. Through its application Sweat Wallet, users can earn SWEAT tokens through daily exercise.

15. Gas fee consumption-ETH public chain

Manta (Dapp): Manta Network, this project was created by a team of experienced founders from prestigious institutions such as Harvard, MIT, and Algorand. Currently, depositing ETH and USDC to Manta will get you a branded airdrop, and you can receive 50,000,000 MANTA tokens in January 2024.

16.Gas consumption situation - BSC public chain

bloXroute (Dapp): bloXroute Labs, one of the largest censorship-resistant block producers on Ethereum, has made a complete about-face, announcing that it will begin censoring OFAC-sanctioned blocks on all of its MEV relays in accordance with local law. It is reported that bloXroute Labs has produced at least 400,000 Ethereum blocks from its two leading MEV relays.

17.Gas consumption-Polygon public chain

QuickSwap (Dapp): Yesterday, amid the decline in the market and the decline in copycats, MATIC bucked the trend and rose 10% to exceed US$1, stimulating trading enthusiasm on the Polygon chain. The token price of QuickSwap, the native DEX on Polygon, immediately rose sharply.

18.Gas consumption-Arbitrum public chain

BPET (Token): XPET is a socialfi + gamefi project on the Arbitrum chain, which requires players to feed and accompany pets and ensure their survival, thereby helping players earn token rewards. Yesterday, xpet released PvE gameplay, and XPET and BPET currency prices continued to rise to new highs.

19.Gas consumption-Base public chain

SoSwap (Dapp): RAI Finance’s product participating in the Base chain Onchain Summer event. Soswap is one of the decentralized financial products launched by RAI Finance on Base. It was launched on Base on August 9.

20.Twitter Trends Token Top Rank

MATIC (Token): Yesterday, amid the decline in the market and the general decline in copycats, MATIC bucked the trend and rose 10% to exceed US$1.

METIS (Token): On December 18, the MetisDAO Foundation, the organization behind Layer 2 Rollup Metis, said it had created a fund of approximately US$100 million to accelerate the development of its ecosystem. Since the news was released, the price of METIS currency has been rising, the ecological TVL has increased, and the tokens in the ecosystem have surged.

21.Google hot search word cloud-all regions

SEI (Token): The market has begun to pay attention to the Parallelized EVM public chain again, and SEI is one of the representative public chains. Breaking through the sequential execution of ETH, efficient expansion and low latency are the core narratives of the next round of EVM public chains. At present, many targets have bottomed out, funds have begun to enter the market steadily, and many crypto industry leaders have begun to express their opinions on parallelized EVM on 24 Optimism and outlook for the year;

OSMO (Token): South Korean crypto exchange Bithumb will list Osmosis (OSMO) in the Korean won market. It only supports the Osmosis (mainnet) network and does not support recharge through other networks. OSMO rose after the announcement.

ANALOS (Token): Solana’s most popular meme coin, after a sharp rise, followed the overall decline of the Solana ecosystem yesterday, falling 70% in a single day. The transaction volume on the chain exceeded $47M in 24 hours, and the number of transactions exceeded 70,000.

22. Google search hot words soared - East Asia, South Asia, Southeast Asia, Hong Kong, Macao and Taiwan

【South Asia】

“India” hot searches: PREP, BAND, GMX, MATIC

“Pakistan” hot searches: SOL, ANALOS

【Southeast Asia】

“Malaysia” hot searches: LUNC, MATIC

“Philippines” hot search: SOL

“Singapore” hot searches: NEAR, METIS

“Indonesia” hot searches: TEL, SOL, PERP

[East Asia] Hot searches: No important hot searches

23. Google search hot words soared - English area, Europe, CIS area

【CIS Area】Hot search: ARKM

【English area】

“Australia” hot searches: PEPE, ATOM, SATS, LCX, QNT

“UK” hot searches: COTI, TRAC, COQ, OSMO, AURORA

“United States” hot searches: SKL, AXL, OSMO, MARA, STX, QUBIC

“Canada” hot searches: PYR, WAVES, ARB, FTM

【European Area】

“France” hot searches: KAS, REN, RSR, PERP, Atomic

“Poland” hot searches: NFP, SEI, LUNA, BONK

Hot searches for “Switzerland”: BONK, MATIC

“Türkiye” hot searches: tunc satiroglu twitter, crypto kemal twitter

“Germany” hot searches: APT, SEI, QNT, OSMO

“Italy” hot searches: MATIC, PERP, QNT, TON, ORDI

“Spain” hot searches: SAITAMA, SATS, BNB, SEI

24. Google search hot words soared - Middle East, Latin America, Africa

【African Region】

“South Africa” hot searches: ICP, SHIB, AVAX

“Nigeria” hot searches: coingecko, pancakeswap, etoro

[Middle East] Hot searches: No important hot search terms

【Latin America】

“Brazil” hot searches: DOT, DOVA, QNT, SUI, NEAR

“Argentina” hot searches: XLM, BONK, AVAX, MATIC, CAKE

“Mexico” hot searches: MANA, ADA

Reference link

Dune on-chain data dashboard—public chain portrait:

Dune on-chain data dashboard—Gas consumption: