Bitget Research: BTC Breaks $30,000 Resistance, LayerZero’s Interactive Data Continues to Rise

In Summary:

1.Popular Tokens:

WBTC (Token) — BTC price has reached $30,300, breaking the $30,000 barrier for the first time since June 2022. In the past 30 days, it has increased by almost 46%.

AGI (Token) — Agility, a token in the LSD sector, has experienced a significant surge. The Agility project began its Genesis Mining on April 10th, which will last for three weeks. Similar to CVX and CRV’s liquidity staking, the project has also launched the stablecoin AUSD, which improves the efficiency of liquidity staking. Those who wish to participate in their farm can visit https://agilitylsd.com/farm. This is not investment advice, so DYOR.

ZZ (Token) — ZigZag is an exchange that deploys an order book model on zkSync and StarkNet. Influenced by Arbitrum’s airdrop of tokens, many users participating in the zkSync and StarkNet ecosystems actively engage with ZigZag in order to potentially receive airdropped tokens, resulting in an increase in activity.

STG (Token), Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a completely composable liquidity transfer protocol and the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). TVL has recently risen quickly, driven by high user expectations for LayerZero’s airdrop, leading to a surge in interactions with daily transfers of over 200,000 transactions in the past few days. The cross-chain bridge built on LayerZero, Stargate, has benefited from LayerZero’s funding and data growth, with trading volume surging and a 140% increase in 24-hour trading volume, and over a 12% increase in token price in the past 24 hours.

CGPT (Token) — ChainGPT is an advanced artificial intelligence model designed for blockchain and crypto. It was launched on several CEXs yesterday, and Bitget has launched a CGPT 100% APY Savings campaign. Those who are interested are welcome to trade CGPT on Bitget or deposit it to participate in the Savings campaign.

UNI (Token) — Uniswap has been included in Fortune Magazine’s first “Crypto 40” list, which includes eight categories such as TradFi and CeFi. Companies that made it to the DeFi category include Uniswap Labs, Lido, MakerDAO, Aave, and Curve. Uniswap officially tweeted about the news, stating “Proud to be #1 in DeFi”.

SOV (Token) — Shib Original Vision is a project that claims to aim to fix the corruption and unfair distribution behind $SHIB. The project originally planned to distribute the corresponding amount of $SOV in the form of airdrops to Shib holders who had been active in the past six months. The tokenomics stated that “80% of tokens will be airdropped to the Shiba community,” but due to the small number of Shib holders who claimed it, most of the tokens were directly destroyed. The token experienced a short-term FOMO-induced surge but has been declining steadily over the past week.

GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of Goerli testnet tokens can participate in the LayerZero testnet project to obtain early OG privileges in the future. https://testnetbridge.com/

DogeAI (Token) — A memecoin that has only been deployed for one day, DogeAI has shown high on-chain activity in the past 24 hours (6,809 transactions generated $2 million in trading volume), with no apparent issues with its contract. However, the liquidity pool is shallow, with only $140,000, making it prone to sudden price surges and drops. It is essential to stay updated on this token and be cautious.

2.Popular NFTs:

COMEARTH Land Collection (NFT) — Polygon has partnered with NFTically to launch the e-commerce metaverse “COMEARTH,” which allows businesses to establish immersive shops in the virtual world. The project had its beta launch yesterday, and the ECOM token was officially put on the agenda. The project’s community has shown a good level of interest, with 37,000 followers.

Mainnet Alpha (NFT) — The proof of NFT cross-chain transfer on the Mainnet Alpha of zkBridge, which currently has 22,605 holders.

ARB EGG (NFT) — A commemorative NFT by Arbswap with 93,321 holders, but with only 0.3813 ETH in tota l trading volume. Its floor price is 0.0002 ETH, and it lacks active trading.

Adidas Originals Into the Metaverse (NFT) — An NFT created by Adidas in collaboration with Bored Ape Yacht Club, gmoney, and PUNKS Comic. It currently has 11,582 holders, with a floor price of 0.499 ETH. It can be burned on collect.adidas.com to obtain Adidas ALTS NFTs.

3.Popular DApps:

Odos (DApp) — A DEX aggregator with a clear interface that supports one-click token swapping. It has expanded to Arbitrum and has recently partnered with Camelot and integrated with all Camelot pools. Odos searches for the bes t prices for its users.

Vela Exchange (DApp), VELA (Token) — The market has shown signs of recovery, with ARB rising and DeFi tokens on Arbitrum rebounding after being oversold. Vela recently tweeted that they have surpassed 50,000 users.

Maker Order Manager, Gridex (DApp) — Since Gridex changed the mining rules, it has limited the lowest-risk acquisition plan. Makers who buy are required to immediately swap sell upon full execution. If there is a swap sell action, the entire X score will become zero. The rule change caused some users to withdraw their orders, resulting in a decrease in trading activity.

XEN Minter (DApp) — XEN’s automatic minter and arbitrage robot, which has a significant correlation with XEN token on-chain burning and performance. In the future, it may develop towards the direction of Cointool and has a certain community base, so it is essential to stay updated on this project.

zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, the independent wallet addresses on the zkSync Era mainnet have reached 367,000, with 110,000 ETH cross-chained to zkSync and a total of 440,000 transfers. User activity continues to increase.

Starknet (DApp) — Starknet is a Layer 2 network with high expectations for future airdrops. In the past seven days, the number of depositors has reached 58,113.

Unstoppable Domains (DApp, NFT) — A domain name service project that offers domains such as “.crypto, .nft, .x, .wallet,” and more. The project is currently running a mystery box promotion, where users have a chance to win a domain name worth $10,000, leading to increased interaction recently.

CyberConnect (DApp) — The core members of CyberConnect recently attended a blockchain conference in Hong Kong and will soon participate in ETHTokyo in Tokyo, giving talks and promoting their brand. Meanwhile, due to airdrop expectations and product expansion, CyberConnect’s trading volume has continued to steadily increase.

Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Recently, they have been involved in joint promotional activities with Zetachain, Xterio, and DODO, which have generated a lot of community engagement. It is essential to stay updated on this project.

QuestN (DApp) — QuestN is a project that was renamed from the well-known on-chain task platform Quest3. They recently announced on social media that their mobile app will soon be available on the App Store and Google Play Store, allowing users to easily collect rewards for completing on-chain tasks.

Tap Fantasy (DApp) — The final week of the Tap Fantasy S4 season is set to begin on April 17th, which is the last opportunity to receive weekly rewards. The rankings for S4 clubs, individual players, and multi-player boss battles will be based on the rankings as of April 19th 00:00 UTC time.

Thirdweb (DApp) — A Web3 project code repository that helps Web3 developers quickly and efficiently build and deploy code for their projects. The project has recently partnered with Shopify to promote future Web3 commerce projects. There have been numerous promotional campaigns recently, making it an essential token to stay updated on.

SecondLive (DApp) — SecondLive is a Web3 metaverse project based on the BSC, focused on building a virtual social network and supporting creator economy activities.

4.Twitter Hot Topics:

MOB (Token) — MobileCoin is a privacy payment protocol that focuses on providing secure, private, and simple cryptocurrency wallet services for mobile communication applications. It has been integrated into Signal, and UK users participated in the first batch of tests. MOB belongs to the payment sector. Recently, being affected by Twitter’s replacement of its logo to DOGE, it has been hyped as one of the potential cryptocurrencies that Twitter may adopt for future cryptocurrency payments.

INJ (Token) — INJ has made good progress in recent operations and campaigns, with 13,000 on-chain active users in the past seven days, a 14% increase in TVL to $14 million in one week, and a 10.7% price increase in the past 24 hours.

MUTE (Token) — As a stablecoin exchange in the zkSync ecosystem, with increasing expectations for its airdrop, zkSync is gradually starting an IDO token issuance trend. As a result, ecosystem projects have received incremental funding support due to the airdrop expectations and hot trends shift.

5.Regional Trending Searches:

More frequently mentioned keywords in Google trending searches: bitcoin, crypto bubbles, nkn crypto

NKN (Token) — NKN (New Kind of Network) aims to rebuild a truly open, decentralized, dynamic, secure, shared, and community-owned internet. It has seen a 23.1% increase in the past 7 days without any special promotional activities or community hype.

Main Body

Written by: Bitget Research

Data collection time: April 11, 10:30

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

4) TGE (Token Generation Event)

1.Blockchain Profile — ETH Chain

1.1 User Profile

1.1.1 Core Data

Total active users of ETH: 444,757
New active users of ETH: 75,634, with a daily increase of 12.98%
Existing active users of ETH: 369,123, with a daily increase of 17.02%

1.1.2 New User Profile

Core data: There were a total of 75,634 new active users on ETH yesterday, with a daily increase of 12.98%
Popular Sectors

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Popular Projects

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Starknet (DApp) — Starknet is a Layer 2 network with high expectations for future airdrops. In the past seven days, the number of depositors has reached 58,113.

1.1.3 Existing User Profile

Core data: The number of ETH active existing users is 369,123, with a daily increase of 17.02%
Popular Sectors

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Popular Projects

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OCEAN (Token) — Ocean Protocol will be participating in ETHBoston at the end of April. No other reasons were found from news or price perspectives for yesterday’s high OCEAN Txn.

1.2 Popular Trading Pairs

1.2.1 Uniswap V2

HARRY, Titter, George (Token) — Harry Bolz and Titter are suspected to be scam projects that were mass-produced by rug pull teams. The contracts have risks, and the price plummeted on the second day of being listed on Token. Be cautious of the risks involved. Here are the links to the suspected tokens: https://www.dextools.io/app/en/ether/pair-explorer/0xf8229d5132587a9daa7b0f47a0fb6a6933eef865，https://www.dextools.io/app/en/ether/pair-explorer/0xe20b0be2f006509eccc6b2d1e86456663b090608，https://www.dextools.io/app/en/ether/pair-explorer/0x9d378c90057bb8f5b7f1a39e55091bb078cd5974

PARTY (Token) — Pool Party is a multiplayer game that combines various elements of economic game theory, in which players compete strategically to earn rewards. The token contract does not seem to have any significant issues, and the project’s Twitter account is active. However, the token price has experienced a significant decline for three consecutive days. Caution is advised. https://www.dextools.io/app/en/ether/pair-explorer/0x34b6f33a5d88fca1b8f78a510bc81673611a68f0

1.2.2 Uniswap V3

WBTC (Token) — BTC price has reached $30,300, breaking the $30,000 barrier for the first time since June 2022. In the past 30 days, it has increased by almost 46%.

2.Blockchain Profile — BSC Chain

2.1 User Profile

2.1.1 Core Data

Total active users on BSC: 1,281,970
New active users on BSC: 142,948, with a daily increase of 5.29%
Existing active users on BSC: 1,139,022, with a daily increase of 7.95%

2.1.2 New User Profile

Core data: There were a total of 142,948 new active users on BSC yesterday, with a daily increase of 5.29%
Popular Sectors

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Popular Projects

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Mainnet Alpha (NFT) — The proof of NFT cross-chain transfer on the Mainnet Alpha of zkBridge, which currently has 22,605 holders. https://www.bscscan.com/token/0xc5ae0d15593316e0cc905840ed2de83e2dd4ea9e

2.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,139,022, with a daily decrease of 7.95%
Popular Sectors

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Popular Projects

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SecondLive (DApp) — SecondLive is a Web3 metaverse project based on the BSC, focused on building a virtual social network and supporting creator economy activities.

2.2 Popular Trading Pairs

2.2.1 PancakeSwap V2

3.Blockchain Profile — Polygon Chain

3.1 User Profile

3.1.1 Core Data

Total active users on Polygon: 412,324
New active users on Polygon: 81,213, with a daily increase of 6.68%
Existing active users on Polygon: 331,111, with a daily decrease of 1.38%

3.1.2 New User Profile

Core data: There were a total of 81,213 new active users on Polygon yesterday, with a daily increase of 6.68%
Popular Sectors

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Popular Projects

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SUIBG (Token) — The Sui development team Mysten Labs’ founder Adeniyi Abiodun, replied to a tweet about an alleged SUI airdrop, stating “Stop spreading nonsense. There is NO Sui Airdrop. Not planned or ever will be.” Currently, the only way to obtain early SUI token rights is through BitKeep’s SUIBG token, and users are recommended to participate in relevant BitKeep campaigns to obtain SUIBG and exchange it for $SUI after SUI goes live.

3.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 331,111, with a daily decrease of 1.38%
Popular Sectors

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Popular Projects

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3.2 Popular Trading Pairs

3.2.1 Uniswap V3

The most popular trading pairs on Uniswap V3 for Polygon are mainly mainstream tokens and stablecoins.

4.Blockchain Profile — Arbitrum Chain

4.1 User Profile

4.1.1 Core Data

Arbitrum Active Users: 192,803
Arbitrum New Active Users: 42,438, with a daily increase of 10.63%
Arbitrum Existing Active Users: 150,365, with a daily decrease of 11.12%

4.1.2 New User Profile

Core data: There were a total of 42,438 new active users on Arbitrum yesterday, with a daily increase of 10.63%
Popular Sectors

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Popular Projects

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Stargate (DApp) and LayerZero (DApp) were explained previously in the STG (Token) section.

ARB EGG (NFT) — A commemorative NFT by Arbswap with 93,321 holders, but with only 0.3813 ETH in total trading volume. Its floor price is 0.0002 ETH, and it lacks active trading. https://opensea.io/collection/arb-egg-1/analytics

4.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 150,365, with a daily decrease of 11.12%
Popular Sectors

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Popular Projects

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LayerZero (DApp) and Stargate (DApp) have been explained previously in the report.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

5.DApp Ecosystem — All Chains

6.DApp Ecosystem — ETH Chain

ParaSwap (DApp) — ParaSwap is a DeFi aggregator that integrates liquidity from decentralized exchanges and lending protocols into a comprehensive and secure interface and API.

7.DApp Ecosystem — BSC Chain

8.DApp Ecosystem — Polygon Chain

9.DApp Ecosystem — WAX Chain

Overall, daily activity on the WAX blockchain projects has been experiencing normal fluctuations and has not seen significant changes.

10.DApp Ecosystem — Solana Chain

Activity in the NFT market on Solana is gradually increasing, with Magic Eden and GameTrade Market both experiencing over a 10% increase in daily activity compared to the previous period.

11.DApp Ecosystem — Arbitrum Chain

12.DApp Ecosystem — GameFi Sector Across All Chains

TapFantasy was mentioned previously in the report.

13.Gas Fee Consumption — ETH Chain

14.Gas Fee Consumption — BSC Chain

Stargate (DApp) — Stargate, developed by the LayerZero Labs team, is a completely composable liquidity transfer protocol and the core of Omnichain DeFi. With Stargate, users and DApps can transfer native assets across 7 chains (with more to come in the future). TVL has recently risen quickly.

Drip (DApp) — A project on the BSC chain for “depositing, mining, withdrawing, and selling”. The four pools in the project have a compounding robot that constantly performs compounding strategies, leading to an overvaluation of UAW on the BSC chain. Currently, the project’s token, $DRIP, has a daily trading volume of $33,700 in the secondary market, indicating relatively low popularity.

15.Gas Fee Consumption — Polygon Chain

16.Gas Fee Consumption — Arbitrum Chain

17.Twitter Trends Token Top 20

From the perspective of token popularity on Twitter trends:

Tokens with significant increases in popularity: none

Newly listed tokens: INJ, STG, MUTE, ZZ, QUACK, BABYDOGE

18.Token Mentioned Frequency by KOLs on Twitter

Super KOLs mentioned the following hot tokens: ARB, BTC, ETH, DOGE
Builders mentioned the following tokens: ARB, MOB, FOX, ETH

19.Token Mentioned Frequency by VCs on Twitter

Based on the frequency of mentions by VC firms on Twitter: USDC, BNB, SIDUS, NOM, THOR

The tokens mentioned by the VCs have remained stable in the recent period with no significant changes.

20.Google Trends — Global

Bitget Research: BTC Breaks $30,000 Resistance, LayerZero’s Interactive Data Continues to Rise image 37 More frequently mentioned keywords in Google trending searches: bitcoin, crypto bubbles, nkn crypto

21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan

a) South Asia Region

India Trending Tokens: waves, zzz

Pakistan Trending Keywords: chain gpt, kucoin, xrp

b) Southeast Asia Region

Philippines Trending Keywords: nkn, crypto bubbles, bybit

Indonesia Trending Keywords: axie infinity, coingecko, uu game

Malaysia Trending Keywords: cryptocurrency

Singapore Trending Keywords: btc, luna

c) East Asia and Hong Kong, Macau, and Taiwan

Trending Tokens: crypto bank

22.Google Trends Surge — English-speaking Countries, Europe, CIS Region

a) CIS Region

Trending Keywords: crypto bubbles, cmc, coinbase, crypto pro

Trending Tokens: eth

b) English-speaking Countries

USA Trending Tokens: nkn, inj, floki

Canada Trending Tokens: gala, grt, cro, tonic

Australia Trending Tokens: gala, xrp, ngs, xvs, inj

UK Trending Tokens: qi, cfx, tao, jasmy, vra

c) Europe

Poland Trending Tokens: btc, xrp, decision

Italy Trending Tokens: ada, ern, hbar, alpine, trx;

Spain Trending Tokens: trias, hex, gala, ern, polis

France Trending Tokens: mana, stx, xvs, ergo

Germany Trending Tokens: casper

XVS (Token) — VENUS is considering using $20 million in RWA to secure its stablecoin $VAI, and a buyback proposal is currently being implemented. RWA refers to real-world assets that can be tokenized and represented on the blockchain. Combined with the RWA-related report released by Binance Research on March 2, the market speculates that this is Binance’s trial operation on the RWA concept, which has led to a significant increase in the token price of XVS.