Bitget Research Institute: X may launch payment function, Dogecoin bucked the trend and surged over the weekend

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: **

LIGO (Token): The BRC-20 token of the Bitcoin Layer 2 concept, deployed on December 3, 2023. Recently, the popularity of Mint has surged, with more than 12k holders, and mint has been completed. The BRC20 token LIGO has a good reputation in the secondary market performance, subsequent trends require official project research and development progress. The project is mainly operated for users in the Chinese area. Recently, 1.1k users participated in the AMA, which has a certain degree of popularity in the community.

ENS (Token): ENS’ layer2 data analysis solution is officially supported by Vitalik, and the token has experienced significant growth recently. The previous projects supported by Vitalik all performed well in the bull market. At present, the domain name resolution solution of ENS only stays at the Ethereum main network level. There is still a lot of room for product development in the future, and the market is relatively broad.

TROLL (Token): Yesterday, TROLL, the Elon Musk-related meme coin, experienced a sharp drop. So far, the token’s 24-hour decline has reached 35%, and the trading volume is still 17 million US dollars. The token has formed a large holdup and pressure level. In the future, the market will need to get warmer, or there will be an influx of hot money before the token can break through the previous high. Affected by TROLL, the overall meme currency market has experienced a relatively large decline, and the market risk is relatively high. It is recommended to wait and see.

SAVM (Token): SatoshiVM (SAVM) was IDOed on Bounce Launchpad on January 19; SatoshiVM is a decentralized Bitcoin ZK Rollup Layer2, compatible with the EVM ecosystem, and uses native BTC as Gas. Users can bridge BTC to the Satoshi VM testnet and migrate tBTC to the second layer of Bitcoin through the SatoshiVM bridge. The trading on the token DEX is very popular, with a 24-hour trading volume of up to 26 million US dollars. It is very popular and you can continue to pay attention to it.

PENDLE (Token): Pendle has recently added LRT asset components, allowing users to obtain more LRT-related benefits. The product has been continuously iterated and received positive reviews from the community. The price of Pendle has reached a record high, and its product capabilities and iteration speed have also been recognized by hype funds. The project is a high-quality head project on the lsdfi track. There are opportunities for speculation in the narrative of future Cancun upgrades, so you can continue to pay attention. Bitget has listed this asset.

Lido (Token): As the largest LSD project on Ethereum, Lido has the largest number of Ethereum pledges. As the Cancun upgrade progresses, the LSD sector tokens are also subject to market capital inflows, and LDO prices continue to hit record highs. There has been a correction recently, but as a high-quality beta asset, there is still a chance to break through the previous high in the future. There are good trading opportunities, so you can continue to pay attention.

**2. Popular NFT aspects: **

Gas Hero (NFT): 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.

SmartCat (NFT): The NFT project launched by SmartLayer is very popular on the chain. Users can interact with SmartCat NFT such as Feed and Clean, and the interaction is extremely active. SmartLayer officially issued “Airdrop Confirmed”, indicating that airdrop and TGE are approaching.

**3. Popular DAPP aspects: **

Zeroex (Dapp): The 0x protocol is an open source, decentralized trading protocol based on Ethereum that allows users to quickly and securely trade Ethereum tokens (ERC-20) and non-fungibles on different decentralized exchanges tokens (NFT, ERC-721 tokens). Its main role is to provide a standardized platform that allows developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

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

QnA3 (Dapp): The AI-based Web3 knowledge sharing platform has received widespread attention from players on the BNB chain. The project currently has a data mining mode. Users can join and use the idle computing resources on their devices to perform data cleaning and data capture on large models, and provide point rewards for users who contribute computing power.

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%. The project has not issued coins yet, so you can continue to pay attention.

Ducky city (Dapp): The GameFi project on the Base chain, the number of daily active players in the Dapp reached a record high of 13,016 the day before yesterday, and the number of simultaneous online players reached 1,684. The project wants to make a product that combines Metaverse, SocialFi, and GameFi. The project has good popularity and has community support, so you can continue to pay attention to it.

Jupiter (Dapp): Jupiter Lianchuang stated that the JUP token will be launched on January 31. Before launching JUP, the team plans to test the new release platform first, in which 2 main tests will be conducted. One is testing mockJUP (mock JUP token) and the other is a meme coin that will be released next week. Pre-registration for the JUP airdrop is currently open, and users can connect to their wallet to view the number of JUP received.

Marginfi (Dapp): The leading lending Dapp on Solana. It has previously launched the Points algorithm. Users participating in the pledge, loan, and LSD projects of interactive applications can obtain Points within the project. The platform stable currency YBX was recently launched. Some institutions said that the project may issue coins in Q1. The project is very popular and you can participate.

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. The project has not issued coins yet, so you can interact in advance to ambush airdrop opportunities.

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.

4.Twitter Hot Discussions:

Due to anomalies in the data source, there is no data in this section today.

**5. Regional hot searches: **

Dogecoin (Token): Affected by the hype of the payment concept on Twitter, Dogecoin had a strong rebound on January 20. Musk has said that Dogecoin is still his favorite cryptocurrency, and he and SpaceX still hold a lot of Dogecoin.

Text

Written by: Bitget Research Institute

Data statistics time: 10:30 on January 22

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

LIGO (Token): The BRC-20 token of the Bitcoin Layer 2 concept, deployed on December 3, 2023. Recently, the popularity of Mint has surged, with more than 12k holders, and mint has been completed. The BRC20 token LIGO has a good reputation in the secondary market performance, subsequent trends require official project research and development progress. The project is mainly operated for users in the Chinese area. Recently, 1.1k users participated in the AMA, which has a certain degree of popularity in the community.

2. Public chain portrait-ETH public chain

2.1 User portrait

2.1.1 Core Data

Total number of active ETH users: 450,218

Number of new active users of ETH: 84,941 Increase or decrease compared to yesterday: -4.89%

Number of active ETH users: 365,277 Increase or decrease compared to yesterday: +6.12%

2.1.2 Add user portrait

Core data: ETH added 84,941 new active users yesterday, -4.89% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Zeroex (Dapp): The 0x protocol is an open source, decentralized trading protocol based on Ethereum that allows users to quickly and securely trade Ethereum tokens (ERC-20) and non-fungibles on different decentralized exchanges tokens (NFT, ERC-721 tokens). Its main role is to provide a standardized platform that allows developers to build efficient decentralized exchanges while optimizing trading efficiency by aggregating liquidity from multiple exchanges.

2.1.3 Existing user portraits

Core data: There are 365,277 active ETH users, +6.12% compared to yesterday

Popular track conditions

Popular project status

Key projects:

ENS (Token): ENS’ layer2 data analysis solution is officially supported by Vitalik, and the token has experienced significant growth recently. The previous projects supported by Vitalik all performed well in the bull market. At present, the domain name resolution solution of ENS only stays at the Ethereum main network level. There is still a lot of room for product development in the future, and the market is relatively broad.

2.2 Popular currency pairs

2.2.1 Uniswap V2

TROLL (Token): Yesterday, TROLL, the Elon Musk-related meme coin, experienced a sharp drop. So far, the token’s 24-hour decline has reached 35%, and the trading volume is still 17 million US dollars. The token has formed a large holdup and pressure level. In the future, the market will need to get warmer, or there will be an influx of hot money before the token can break through the previous high. Affected by TROLL, the overall meme currency market has experienced a relatively large decline, and the market risk is relatively high. It is recommended to wait and see.

2.2.2 Uniswap V3

SAVM (Token): SatoshiVM (SAVM) was IDOed on Bounce Launchpad on January 19; SatoshiVM is a decentralized Bitcoin ZK Rollup Layer2, compatible with the EVM ecosystem, and uses native BTC as Gas. Users can bridge BTC to the Satoshi VM testnet and migrate tBTC to the second layer of Bitcoin through the SatoshiVM bridge. The trading on the token DEX is very popular, with a 24-hour trading volume of up to 26 million US dollars. It is very popular and you can continue to pay attention to it.

2.3 Popular NFT

2.3.1 Top NFT Collection

Gas Hero (NFT): 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.

3. Public chain portrait-BSC public chain

3.1 User portrait

3.1.1 Core Data

Total BSC active users: 1,220,647

Number of new active users of BSC: 180,168 Increase or decrease compared to yesterday: +2.17%

Number of active BSC users: 1,040,479 Increase or decrease compared to yesterday: -0.65%

3.1.2 Add user portrait

Core data: BSC added 180,168 new active users yesterday, +2.17% compared to yesterday

Popular track conditions

Popular project status

Key projects:

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

3.1.3 Existing user portraits

Core data: BSC has 1,040,479 active users, -0.65% compared to yesterday

Popular track conditions

Popular project status

Key projects:

QnA3 (Dapp): The AI-based Web3 knowledge sharing platform has received widespread attention from players on the BNB chain. The project currently has a data mining mode. Users can join and use the idle computing resources on their devices to perform data cleaning and data capture on large models, and provide point rewards for users who contribute computing power.

3.2 Popular currency pairs

3.2.1 PancakeSwap V2

TROLL (Token): The TROLL token with the same name on the BSC chain fell sharply after experiencing a sharp rise yesterday. Its token has nothing to do with the token on ETH and is a counterfeit token with the same name. The 24-hour trading volume is nearly 2 million US dollars, and 7,000 transactions occurred. The token is suspected of malicious market making by the project party, and the risk of participation is high.

4. Public chain portrait-Polygon public chain

4.1 User portrait

4.1.1 Core Data

Total Polygon active users: 570,006

Number of new active users of Polygon: 112,851 Increase or decrease compared to yesterday: -21.18%

Number of existing active Polygon users: 457,155 Increase or decrease compared to yesterday: +4.04%

4.1.2 Add user portrait

Core data: Polygon added 112,851 new active users yesterday, -21.18% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Turnup (Token): Web3 Social Gaming Eco, the transaction data on the chain continues to increase, and it ranks among the top daily active users of Polygon Dapp. The project team promised on Twitter that when it reaches the top 1 daily active, it will conduct an AMA with Polygon Founder - Sandeep Nailwal.

4.1.3 Existing user portraits

Core data: Polygon has 457,155 active users, +4.04% compared to yesterday

Popular track conditions

Popular project status

Key projects:

SmartCat (NFT): The NFT project launched by SmartLayer is very popular on the chain. Users can interact with SmartCat NFT such as Feed and Clean, and the interaction is extremely active. SmartLayer officially issued “Airdrop Confirmed”, indicating that airdrop and TGE are approaching.

4.2 Popular currency pairs

4.2.1 Uniswap V3

There are currently no obviously popular projects on Polygon DEX.

5. Public chain portrait - Arbitrum public chain

5.1 User portrait

5.1.1 Core Data

Total Arbitrum active users: 172,343

Number of new active users in Arbitrum: 24,078 Increase or decrease compared to yesterday: -12.85%

Number of existing active users of Arbitrum: 148,265 Increase or decrease compared to yesterday: +0.25%

5.1.2 Add user portrait

Core data: Arbitrum added 24,078 new active users yesterday, -12.85% compared to yesterday

Popular track conditions

Popular project status

Key projects:

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%. The project has not issued coins yet, so you can continue to pay attention.

5.1.3 Existing user portraits

Core data: Arbitrum has 148,265 active users, +0.25% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Rabbithole (Token): Recently RabbitHole aggregates all tasks provided through Quest Protocol, allowing users to earn tokens by participating in crypto applications. The project has a relatively high level of interaction and may be related to potential currency issuance, so you can participate in the interaction.

5.2 Popular currency pairs

5.2.1 Uniswap V3

PENDLE (Token): Pendle has recently added LRT asset components, allowing users to obtain more LRT-related benefits. The product has been continuously iterated and received positive reviews from the community. The price of Pendle has reached a record high, and its product capabilities and iteration speed have also been recognized by hype funds. The project is a high-quality head project on the lsdfi track. There are opportunities for speculation in the narrative of future Cancun upgrades, so you can continue to pay attention. Bitget has listed this asset.

6. Public chain portrait - Base public chain

6.1 User portrait

6.1.1 Core Data

Base total active users: 79,960

Number of new active users in Base: 10,655 Increase or decrease compared to yesterday: +16.46%

Number of existing active users in Base: 69,305 Increase or decrease compared to yesterday: -16.85%

6.1.2 Add user portrait

Core data: Base added 10,655 new active users yesterday, +16.46% compared to yesterday

Popular track conditions

Popular project status

Key projects:

Ducky city (Dapp): The GameFi project on the Base chain, the number of daily active players in the Dapp reached a record high of 13,016 the day before yesterday, and the number of simultaneous online players reached 1,684. The project wants to make a product that combines Metaverse, SocialFi, and GameFi. The project has good popularity and has community support, so you can continue to pay attention to it.

6.1.3 Existing user portraits

Core data: Base has 69,305 active users, -16.85% 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

Jupiter (Dapp): Jupiter Lianchuang stated that the JUP token will be launched on January 31. Before launching JUP, the team plans to test the new release platform first, in which 2 main tests will be conducted. One is testing mockJUP (mock JUP token) and the other is a meme coin that will be released next week. Pre-registration for the JUP airdrop is currently open, and users can connect to their wallet to view the number of JUP received.

8.DAPP Ecology-ETH Public Chain

Lido (Token): As the largest LSD project on Ethereum, Lido has the largest number of Ethereum pledges. As the Cancun upgrade progresses, the LSD sector tokens are also subject to market capital inflows, and LDO prices continue to hit record highs. There has been a correction recently, but as a high-quality beta asset, there is still a chance to break through the previous high in the future. There are good trading opportunities, so you can continue to pay attention.

9.DAPP Ecology-BSC Public Chain

Starry Nift (Dapp): StarryNift is a co-creation metaverse that allows users to play, create and socialize. The project aims to accelerate the adoption of Web3 by extending Metaverse Horizons with innovative and diverse use cases. The project team announced the token economy in December last year and has plans to issue coins.

10.DAPP Ecology-Polygon Public Chain

Galxe (Dapp): Galxe supports multiple data sources, including on-chain and off-chain data. For on-chain credentials, curators can contribute via subgraph queries or static snapshots; for off-chain credentials, Project Galaxy has integrated with platforms such as Snapshot.org, Twitter, and Github. This support of multiple data sources enables Project Galaxy to collect and utilize data more broadly.

11.DAPP Ecosystem-Solana Public Chain

Marginfi (Dapp): The leading lending Dapp on Solana. It has previously launched the Points algorithm. Users participating in the pledge, loan, and LSD projects of interactive applications can obtain Points within the project. The platform stable currency YBX was recently launched. Some institutions said that the project may issue coins in Q1. The project is very popular and you can participate.

12.DAPP Ecosystem-Arbitrum Public Chain

WooFi (Dapp): The defi project launched by the crypto exchange WOO has gained popularity in a short time due to its plan to repurchase its shares and tokens previously acquired by the hedge fund Three Arrows Capital to “eliminate uncertainty”. to a positive impact.

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. The project has not issued coins yet, so you can interact in advance to ambush airdrop opportunities.

14.DAPP Ecology-Full Public Chain GameFi Section

Sweat (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. With the poor performance of Sweat’s token, the number of users of the project has reached a bottleneck.

15. Gas fee consumption-ETH public chain

The main Gas consumption of the Ethereum mainnet currently comes from the following categories: 1. Uniswap, 2. Stable currency USDT, 3. MEV, 4. Various Layer2 sequencers, 5. TG trading bot.

16.Gas consumption situation - BSC public chain

QnA3 (Dapp): The AI-based Web3 knowledge sharing platform has received widespread attention from players on the BNB chain. The project currently has a data mining mode. Users can join and use the idle computing resources on their devices to perform data cleaning and data capture on large models, and provide point rewards for users who contribute computing power.

17.Gas consumption-Polygon public chain

Smart Cat Proxy (Dapp): The NFT project launched by SmartLayer is very popular on the chain. Users can interact with SmartCat NFT such as Feed and Clean, and the interaction is extremely active.

18.Gas consumption-Arbitrum public chain

RabbitHole (Dapp): Recently RabbitHole aggregates all tasks provided through Quest Protocol, allowing users to earn tokens by participating in crypto applications. The project has a relatively high level of interaction and may be related to potential currency issuance, so you can participate in the interaction.

19.Gas consumption-Base public chain

Aerodrome finance router (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.

20.Twitter Trends Token Top Rank

Due to anomalies in the data source, there is no data in this section today.

21.Google hot search word cloud-all regions

Dogecoin (Token): Affected by the hype of the payment concept on Twitter, Dogecoin had a strong rebound on January 20. Musk has said that Dogecoin is still his favorite cryptocurrency, and he and SpaceX still hold a lot of Dogecoin.

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

【South Asia】

“India” hot searches: ICP, monad, BXX;

“Pakistan” hot searches: Coinmarketcap, uniswap;

【Southeast Asia】

“Malaysia” hot searches: coinbase, coinmarketcap, bitcoin price;

“Philippines” hot searches: lunc, floki, xec, ron;

“Singapore” hot searches: depin, crypto bubble;

“Indonesia” hot searches: dogecoin, savm;

“Vietnam” hot searches: tradingview, crypto bubble;

【East Asia】

Hot searches: none;

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

[CIS Area] Hot searches: crypto bubbles, coinmarketcap;

【English area】

“United States” hot searches: ethereum, cartesi crypto;

“Australia” hot searches: monad, eclipse, metis;

“Canada” hot searches: monad, paul, ctsi, helium;

“UK” hot searches: gala, cronos, rndr, xrp;

【European Area】

“Poland” hot searches: okx, shiba inu, python;

“France” hot searches: floki, flux, kepler, lexa;

“Switzerland” hot searches: uma, celestia;

“Türkiye” hot searches: crypto royale, coinmarketcap;

“Italy” hot searches: cartesi, ctsi, shiba inu, pendle;

“Spain” hot searches: bitcoin, avalanch, alt, celestia;

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

【African Region】

“South Africa” hot searches: coinmarketcap, crypto bubbles;

“Nigeria” hot search: crypto bubbles;

【Middle East Region】

“UAE” hot searches: bitcoin, crypto bubbles;

“Saudi Arabia” hot search: crypto bubbles;

【Latin America】

“Brazil” hot searches: bonk, altlayer, stellar, lunc, gmx;

“Argentina” hot searches: manta, uma, alt;

“Mexico” hot searches: shiba inu, solana, tron;

“Chile” hot search: shiba inu;

Reference link

Dune on-chain data dashboard—public chain portrait:

Dune on-chain data dashboard—Gas consumption: