Bitget Research Institute: BTC briefly fell to $40,000, and the Federal Reserve meeting minutes poured cold water on expectations of interest rate cuts.

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: **

INSC (Token): BRC20 token, representing inscriptions, was deployed on March 17, 2023. It was mined by some community users after SATS to have a certain meme status in the BRC20 track. The current market value of the token is 15 million US dollars, the 24-hour on-chain transaction volume is 880,000, and the number of held addresses is 2,250, which is still at a relatively small stage.

BEND (Token): BendDao is an NFT lending platform on Ethereum. It recently issued BDIN inscription tokens to expand the BTC ecological NFT lending and cross-chain functions. At the same time, IDO will be carried out on BendDao, Bakery, and Turtsat. BEND tokens will be held for a long time. Staking users will have the opportunity to obtain a whitelist. BEND token has increased by 185% in the past month, with a 24-hour trading volume of US$2 million.

MICKEY (Token): A meme coin with Disney’s classic image Mickey Mouse as its core intention. As of January 1 this year, Disney no longer owns the copyright of the first version of Mickey Mouse. Multiple Mickey Mouse meme coins appeared on the chain. In the end, MICKEY obtained funding consensus. , the market value exceeded 10 million US dollars, and the 24-hour trading volume was 6.25 million US dollars.

1CAT (Token): This project is a native token issued by the multi-chain game project Bitcoin Cat. It is the first IDO project of Bakery’s recent BTC ecosystem and maintains a high market value of more than 30 million US dollars. Bakery’s follow-up projects have shown weak performance, and on January 6, they will officially launch the IDO of BDIN inscription tokens with Turtsat and BendDao.

ARB (Token): ARB rebounded quickly after following BTC’s flash drop to $1.39 yesterday, hitting a new all-time high again. Ecological projects remain strong. GMX, RNDT, etc. have rebounded to varying degrees, and the 24-hour trading volume of on-chain DEX has exceeded 927 million US dollars, a 24-hour increase of more than 92%, surpassing Solana and ranking second.

**2. Popular NFT aspects: **

NodeMonkes (NFT): Ordinals NFT project, with Code Monkey as the meme attribute, the latest floor price reached 0.249 BTC, surpassing Bitcoin Frogs and becoming the most popular NFT project in the Ordinal NFT market at present, with a market value exceeding US$100 million, and 24-hour trading on Magic Eden The volume exceeds 6 million US dollars.

**3. Popular DAPP aspects: **

Uniswap (Dapp): As of January 3, Uniswap Labs’ front-end transaction fees (income) have accumulated more than 3.3 million US dollars, with a single-day income of 66,000 US dollars. Earlier, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting from October 17, 2023. Specific tokens include ETH, USDC, WETH, USDT, and DAI. , WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

Sleepless AI (Dapp): The auction of SleeplessAI’s first NFT HIM Genesis I ended at 0:00 yesterday, with the highest unit price exceeding 510 BNB, and the total auction amount exceeding 8,477 BNB, which is approximately US$2.6 million. Its Launchpool has ended and the tokens are expected to be launched soon. The airdrop will be open for redemption 20 minutes before the launch.

Hooked Pickaxe (Dapp): Web3 gamified social education platform announced at the end of December 2023 that the first fair launch project of its Hooked Education Launchpad is the BRC20 project TUNO. TUNO is an inscription project that connects BRC20 and Ethereum ecosystem tokens. It has no innovation and has been distributed. It has a total market value of US$1.6 million and a 24-hour on-chain transaction volume of US$6,000. It is not very popular.

Gas Hero (Dapp): Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero places a strong emphasis on game theory, providing players with richer strategies, and utilizes a decentralized trading platform to maximize the transparency of on-chain data. The game has just been launched, and NFT transactions in the game are quite popular.

Port3 Network (Dapp): The social data gateway Port3 will be publicly sold on the Bounce Brand, WePad, FlyBTC, and Poolz Finance platforms at 22:00 on January 7. The token symbol is PORT3. Founded in 2022, Port3 Network is a portal for acquiring and aggregating Web3 social data. Port3’s SoQuest application allows projects to incentivize users to share their data through tasks and rewards to attract traffic.

Xai (Dapp): A gaming blockchain built on Arbitrum, it is the first Layer3 on Arb. XAI is Xai’s native gas token. Binance announced that it will list XAI’s Launchpool, and mining will begin at 00:00 (UTC) on January 5. At the same time, XAI officially announced the details of the token airdrop. The XAI airdrop will account for 5% of the total supply, totaling 125 million tokens. Among them, Vanguard NFT holders can receive 1,307 XAI per NFT, Legendary NFT holders can receive 290 XAI per NFT, and Sentry Node Operators will receive 1,658 XAI.

Jupiter Exchange (Dapp): Jupiter co-founder Meow said that it plans to conduct an airdrop of JUP tokens at the end of January. 10% will be withdrawn from the team wallet to provide liquidity, and 15% will be withdrawn from the community wallet for the first airdrop and early stage. Based on the needs of community activities, it is expected that on the first day of JUP’s creation, 15%-17.5% of the tokens will enter circulation, 10%-7.5% of the tokens will be in hot wallet storage, and 75% of the tokens will be in cold wallet storage.

Pixels (Dapp): Chain game Pixels stated in its community AMA that the second season of the game’s Play to Airdrop will start on January 5 (UTC+8), and the distribution in the second season will be less than in the first season. , which may eventually include a lottery system. In addition, the token issuance (TGE) of the game’s main currency PIXEL will be carried out within one to two weeks, and the rewards for the first season of Play to Airdrop will also be distributed before this TGE.

4.Twitter Hot Discussions:

ETH (Token): The market plummeted yesterday. The core cryptocurrency assets such as BTC and ETH fell by more than 10% in a short time, and altcoins plummeted; the entire market liquidated more than 500 million US dollars in one hour. The BTC spot ETF will have results in 1-2 weeks. The market’s consistent long strategy is relatively concentrated and is prone to trading stampedes.

**5. Regional hot searches: **

BITCOIN (Token): Yesterday, the minutes of the December Federal Reserve meeting were released. The minutes mentioned that the interest rate hike cycle has clearly ended, but the time when the interest rate cut will begin has not been determined, and it may take longer to start cutting interest rates. According to CME data, the market expects the probability of an interest rate cut in March to fall from 80% to 68%, which directly supports the rise of the US dollar index. The strategies approved for trading BTC ETF in the crypto market are relatively crowded, and yesterday’s trading stampede occurred.

Text

Written by: Bitget Research Institute

Data statistics time: 10:30 on January 4

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

INSC (Token): BRC20 token, representing inscriptions, was deployed on March 17, 2023. It was mined by some community users after SATS to have a certain meme status in the BRC20 track. The current market value of the token is 15 million US dollars, the 24-hour on-chain transaction volume is 880,000, and the number of held addresses is 2,250, which is still at a relatively small stage.

2. Public chain portrait-ETH public chain

2.1 User portrait

2.1.1 Core Data

Total number of active ETH users: 421,904

Number of new active users of ETH: 86,060 Increase or decrease compared to yesterday: -5.38%

Number of active ETH users: 335,844 Increase or decrease compared to yesterday: -8.86%

2.1.2 Add user portrait

Core data: ETH added 86,060 new active users yesterday, -5.38% compared to yesterday

Popular track conditions

Popular project status

Key projects:

BEND (Token): BendDao is an NFT lending platform on Ethereum. It recently issued BDIN inscription tokens to expand the BTC ecological NFT lending and cross-chain functions. At the same time, IDO will be carried out on BendDao, Bakery, and Turtsat. BEND tokens will be held for a long time. Staking users will have the opportunity to obtain a whitelist. BEND token has increased by 185% in the past month, with a 24-hour trading volume of US$2 million.

2.1.3 Existing user portraits

Core data: There are 335,844 active ETH users, -8.86% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Uniswap (Dapp): As of January 3, Uniswap Labs’ front-end transaction fees (income) have accumulated more than 3.3 million US dollars, with a single-day income of 66,000 US dollars. Earlier, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting from October 17, 2023. Specific tokens include ETH, USDC, WETH, USDT, and DAI. , WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

2.2 Popular currency pairs

2.2.1 Uniswap V2

MICKEY (Token): A meme coin with Disney’s classic image Mickey Mouse as its core intention. As of January 1 this year, Disney no longer owns the copyright of the first version of Mickey Mouse. Multiple Mickey Mouse meme coins appeared on the chain. In the end, MICKEY obtained funding consensus. , the market value exceeded 10 million US dollars, and the 24-hour trading volume was 6.25 million US dollars.

2.2.2 Uniswap V3

1CAT (Token): This project is a native token issued by the multi-chain game project Bitcoin Cat. It is the first IDO project of Bakery’s recent BTC ecosystem and maintains a high market value of more than 30 million US dollars. Bakery’s follow-up projects have shown weak performance, and on January 6, they will officially launch the IDO of BDIN inscription tokens with Turtsat and BendDao.

2.3 Popular NFT

2.3.1 Top NFT Collection

NodeMonkes (NFT): Ordinals NFT project, with Code Monkey as the meme attribute, the latest floor price reached 0.249 BTC, surpassing Bitcoin Frogs and becoming the most popular NFT project in the Ordinal NFT market at present, with a market value exceeding US$100 million, and 24-hour trading on Magic Eden The volume exceeds 6 million US dollars.

3. Public chain portrait-BSC public chain

3.1 User portrait

3.1.1 Core Data

Total BSC active users: 1,695,641

Number of new active users of BSC: 209,117 Increase or decrease compared to yesterday: -11.99%

Number of active BSC users: 1,486,524 Increase or decrease compared to yesterday: +2.28%

3.1.2 Add user portrait

Core data: BSC added 209,117 new active users yesterday, -11.99% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Sleepless AI (Dapp): The auction of SleeplessAI’s first NFT HIM Genesis I ended at 0:00 yesterday, with the highest unit price exceeding 510 BNB, and the total auction amount exceeding 8,477 BNB, which is approximately US$2.6 million. Its Launchpool has ended and the tokens are expected to be launched soon. The airdrop will be open for redemption 20 minutes before the launch.

3.1.3 Existing user portraits

Core data: BSC has 1,486,524 existing active users, +2.28% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Hooked Pickaxe (Dapp): Web3 gamified social education platform announced at the end of December 2023 that the first fair launch project of its Hooked Education Launchpad is the BRC20 project TUNO. TUNO is an inscription project that connects BRC20 and Ethereum ecosystem tokens. It has no innovation and has been distributed. It has a total market value of US$1.6 million and a 24-hour on-chain transaction volume of US$6,000. It is not very popular.

3.2 Popular currency pairs

3.2.1 PancakeSwap V2

There are many meme coins on the BSC chain, and the new projects currently incubated and supported by Binance are on the transformation opBNB.

4. Public chain portrait-Polygon public chain

4.1 User portrait

4.1.1 Core Data

Total Polygon active users: 572,739

Number of new active users of Polygon: 99,220 Increase or decrease compared to yesterday: +1.72%

Number of existing active Polygon users: 473,519 Increase or decrease compared to yesterday: +4.77%

4.1.2 Add user portrait

Core data: Polygon added 99,220 new active users yesterday, +1.72% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Gas Hero (Dapp): Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero places a strong emphasis on game theory, providing players with richer strategies, and utilizes a decentralized trading platform to maximize the transparency of on-chain data. The game has just been launched, and NFT transactions in the game are quite popular.

4.1.3 Existing user portraits

Core data: Polygon has 473,519 active users, +4.77% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Port3 Network (Dapp): The social data gateway Port3 will be publicly sold on the Bounce Brand, WePad, FlyBTC, and Poolz Finance platforms at 22:00 on January 7. The token symbol is PORT3. Founded in 2022, Port3 Network is a portal for acquiring and aggregating Web3 social data. Port3’s SoQuest application allows projects to incentivize users to share their data through tasks and rewards to attract traffic.

4.2 Popular currency pairs

4.2.1 Uniswap V3

There are no particularly popular trading pairs on Polygon.

5. Public chain portrait - Arbitrum public chain

5.1 User portrait

5.1.1 Core Data

Total Arbitrum active users: 182,325

Number of new active users in Arbitrum: 27,356 Increase/decrease compared to yesterday: -1.18%

Number of existing active users of Arbitrum: 154,969 Increase or decrease compared to yesterday: +6.72%

5.1.2 Add user portrait

Core data: Arbitrum added 27,356 new active users yesterday, -1.18% compared to yesterday

Popular track conditions

Popular project status

Key projects:

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

5.1.3 Existing user portraits

Core data: Arbitrum has 154,969 active users, +6.72% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Xai (Dapp): A gaming blockchain built on Arbitrum, it is the first Layer3 on Arb. XAI is Xai’s native gas token. Binance announced that it will list XAI’s Launchpool, and mining will begin at 00:00 (UTC) on January 5. At the same time, XAI officially announced the details of the token airdrop. The XAI airdrop will account for 5% of the total supply, totaling 125 million tokens. Among them, Vanguard NFT holders can receive 1,307 XAI per NFT, Legendary NFT holders can receive 290 XAI per NFT, and Sentry Node Operators will receive 1,658 XAI.

5.2 Popular currency pairs

5.2.1 Uniswap V3

ARB (Token): ARB rebounded quickly after following BTC’s flash drop to $1.39 yesterday, hitting a new all-time high again. Ecological projects remain strong. GMX, RNDT, etc. have rebounded to varying degrees, and the 24-hour trading volume of on-chain DEX has exceeded 927 million US dollars, a 24-hour increase of more than 92%, surpassing Solana and ranking second.

6. Public chain portrait - Base public chain

6.1 User portrait

6.1.1 Core Data

Base total active users: 67,802

Number of new active users in Base: 10,364 Increase or decrease compared to yesterday: +7.72%

Number of existing active users in Base: 57,438 Increase or decrease compared to yesterday: -11.14%

6.1.2 Add user portrait

Core data: Base added 10,364 new active users yesterday, +7.72% 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.

6.1.3 Existing user portraits

Core data: Base has 57,438 active users, -11.14% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Layerzero (Dapp): According to the V2 technical white paper, the V2 version has been deployed on more than 40 testnets. The mainnet is expected to be launched in January 2024. No more specific information has yet appeared. Layerzero currently occupies the forefront of Gas consumption among all public chains.

7.DAPP Ecosystem-All Public Chains

CARV (Dapp): CARV is an AI-powered super application focused on in-game socialization, authentication, and publishing. It allows users to self-certify ownership, role behavior, social connections, or past experiences as credentials and build reputation through consented zero-party data. It is a user-centric platform with true data autonomy where users can control and monetize their identity and data.

8.DAPP Ecology-ETH Public Chain

Uniswap (Dapp): As of January 3, Uniswap Labs’ front-end transaction fees (income) have accumulated more than 3.3 million US dollars, with a single-day income of 66,000 US dollars. Earlier, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting from October 17, 2023. Specific tokens include ETH, USDC, WETH, USDT, and DAI. , WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

9.DAPP Ecology-BSC Public Chain

NF (Dapp): NF is the first AI-driven art creation and NFT trading platform that allows users to generate works of art through text prompts and mint them into NFTs, thus giving each user the ability to become an artist and own the work on the chain. ability.

10.DAPP Ecology-Polygon Public Chain

Gas Hero (Dapp): Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero places a strong emphasis on game theory, providing players with richer strategies, and utilizes a decentralized trading platform to maximize the transparency of on-chain data. The game has just been launched, and NFT transactions in the game are quite popular.

11.DAPP Ecosystem-Solana Public Chain

Jupiter Exchange (Dapp): Jupiter co-founder Meow said that it plans to conduct an airdrop of JUP tokens at the end of January. 10% will be withdrawn from the team wallet to provide liquidity, and 15% will be withdrawn from the community wallet for the first airdrop and early stage. Based on the needs of community activities, it is expected that on the first day of JUP’s creation, 15%-17.5% of the tokens will enter circulation, 10%-7.5% of the tokens will be in hot wallet storage, and 75% of the tokens will be in cold wallet storage.

12.DAPP Ecosystem-Arbitrum Public Chain

WOOFi (Dapp): Crypto trading platform WOO X will expand its designated market maker (DMM) program to the spot market this month. WOO

13.DAPP Ecology-Base Public Chain

Odos (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 in one go , thus saving gas costs and limiting market volatility.

14.DAPP Ecology-Full Public Chain GameFi Section

Pixels (Dapp): Chain game Pixels stated in its community AMA that the second season of the game’s Play to Airdrop will start on January 5 (UTC+8), and the distribution in the second season will be less than in the first season. , which may eventually include a lottery system. In addition, the token issuance (TGE) of the game’s main currency PIXEL will be carried out within one to two weeks, and the rewards for the first season of Play to Airdrop will also be distributed before this TGE.

15. Gas fee consumption-ETH public chain

Maestro (Dapp): As a well-known on-chain bot, Maestro is deeply loved by users in the crypto community. Currently, Maestro’s daily handling fees have increased to an early high, reaching 150,000-200,000 US dollars, maintaining the top spot in the BOT track.

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

Port3 (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. Yesterday it was announced that IDO will be conducted on Auction and other platforms, with token PORT3. The valuation is relatively reasonable, so you can pay attention.

18.Gas consumption-Arbitrum public chain

Paraswap (Dapp): ParaSwap is a multi-chain decentralized exchange (DEX) aggregator that runs on the Ethereum blockchain and is dedicated to improving user experience when dealing with various decentralized finance (DeFi) protocols. The ultimate goal is to promote the flow of liquidity in the decentralized market. ParaSwap’s mission is to take DeFi participation to the next level by providing secure, smart, and optimized trading solutions for individual and institutional traders, allowing them to effortlessly tap into decentralized liquidity pools.

19.Gas consumption-Base public chain

There are currently no new hot contracts in the Base chain;

20.Twitter Trends Token Top Rank

ETH (Token): The market plummeted yesterday. The core cryptocurrency assets such as BTC and ETH fell by more than 10% in a short time, and altcoins plummeted; the entire market liquidated more than 500 million US dollars in one hour. The BTC spot ETF will have results in 1-2 weeks. The market’s consistent long strategy is relatively concentrated and is prone to trading stampedes.

21.Google hot search word cloud-all regions

BITCOIN (Token): Yesterday, the minutes of the December Federal Reserve meeting were released. The minutes mentioned that the interest rate hike cycle has clearly ended, but the time when the interest rate cut will begin has not been determined, and it may take longer to start cutting interest rates. According to CME data, the market expects the probability of an interest rate cut in March to fall from 80% to 68%, which directly supports the rise of the US dollar index. The strategies approved for trading BTC ETF in the crypto market are relatively crowded, and yesterday’s trading stampede occurred.

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

【South Asia】

“India” hot searches: IOST, Crypto Crash;

“Pakistan” hot searches: Crypto Crash, Yahoo Finance;

【Southeast Asia】

“Malaysia” hot searches: Crypto Crash, Bonk, Bitcoin, MATIC;

“Philippines” hot search: BEAM;

“Singapore” hot searches: ENTS, BTC, Matic, Crypto Crash;

“Indonesia” hot searches: ACE, etf, Babydoge;

[East Asia] Hot searches: crypto bubbles;

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

[CIS Area] Hot searches: Crypto Bubble, Crypto News;

【English area】

“Australia” hot searches: Crypto Crash, ORDI;

“UK” hot searches: Crypto Crash, CNBC, Coinskid;

“United States” hot searches: Crypto Crash, Matrixport;

“Canada” hot searches: Matrixport, ORDI, Trader joe, Matrixport;

【European Area】

“France” hot searches: DYDX, XAI, ENS, Crypto Crash, ETH;

“Poland” hot searches: btc etf, Pancake, trx, XAI;

“Switzerland” hot searches: grt, sia, bonk, sei, gmx;

“Türkiye” hot searches: Crypto Crash, SEC, BTC;

“Germany” hot searches: Matrixport, XRP, Solana;

“Italy” hot searches: SLP, PEOPLE, ENS, AVAX;

“Spain” hot searches: ARB, HEAR, FREE, LTC, PERP;

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

【African Region】

“South Africa” hot searches: Crypto Crash, ICO;

“Nigeria” hot search: Crypto Crash;

[Middle East] Hot searches: BTC ETF, SHIB, ICP, BTC NEWS;

【Latin America】

“Brazil” hot searches: mubi, icp, uniswap, pepe, eth;

“Argentina” hot searches: arb, ada, shib, avax, Crypto Crash;

“Mexico” hot search: Crypto Crash;

Reference link

Dune on-chain data dashboard—public chain portrait:

Dune on-chain data dashboard—Gas consumption: