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Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again

Beginner
2023-05-05 | 5m

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.

In Summary:

LPT (Token) — LPT is the token of the decentralized streaming platform Livepeer, which has had no particular updates recently. Early this morning, small batches of tokens were transferred to 14 contract addresses on Binance. The current market cap is US$153 million, with a trading volume of US$8.3 million across the network. The price has remained stable in the past 24 hours.

PEPE (Token) — The Sad Frog-themed memecoin, PEPE, has seen multiple price surges recently, followed by a correction of more than 40%. Despite this, it remains the hottest memecoin across the blockchain, with a market cap of US$520 million, ranking among the top 100 projects in terms of market cap. Its 24-hour trading volume is US$180 million.

$MONG (Token) — A memecoin that originated from a U.S. Congressman’s incoherent ramblings, in which he mentioned MONG COIN several times. It represents a degenerate meme culture and a positive community atmosphere. The token currently has a market cap of US$47.7 million and a 24-hour trading volume of US$10.12 million, exhibiting very high activity.

WOJAK (Token) — WOJAK, which has extremely powerful human meme images and ranks second only to tier 1 memes such as AIDOGE and PEPE in this round of memecoin frenzy. It has seen a more than tenfold increase after bottoming out following the lead of PEPE. The token has experienced a slight pullback recently, with a 24-hour trading volume of US$22 million and a market cap of US$37.49 million.

TURBO (Token) — A memecoin with a contract written by AI, TURBO was created by digital artist Rhett Mankind. In the early stages, the project received liquidity from NFT whale Pransky on Uni V3, followed by hype. Its market cap is US$32 million with a trading volume of US$33.52 million in the last 24 hours, indicating high popularity.

RPL (Token) — LSD protocol Rocket Pool’s platform token. Since the Shanghai Upgrade, the project’s functionality has been continuously updated. The threshold for validator staking has been lowered from 16 ETH to 8 ETH. The project’s TVL has increased by 32% in the last 30 days and 7% in the last 7 days. It is one of the projects with the highest TVL growth under the LSD protocol. Currently, the total TVL is $1.12 billion. The token has increased by 6% in the last 24 hours with a trading volume of $15.39 million.

$POV (Token) — Pepe Original Version is a Pepe-themed replica on the BSC, claiming to be the most original PEPE. The project was launched just one day ago, with the price experiencing a 10x increase at its peak. The price has since experienced a pullback of over 60%. The 24-hour trading volume is US$18 million, with a market cap of US$4.8 million.

OGGY (Token) — A memecoin, OGGY has a significant collaboration with BabyDoge and is relatively popular in the community. Its market cap is US$15 million, with a trading volume of US$3.28 million in the last 24 hours. The token is available on Bitget.

Rarible (DApp) — Artist 0x_forexus is producing the second edition of the Unstoppable Journey Rarible series NFTs on the Rarible platform. Currently, 85 primary mints have been completed, with half of them still remaining to be minted. Rarible is a long-standing NFT trading platform with average popularity at the moment. The token’s 24-hour trading volume is US$160,000.

POGAI (Token) — POGAI is a popular memecoin in the Chinese-speaking region, featuring a panda character from expression packs for spreading its popularity. The project’s Twitter followers have grown by over 20,000 in just two days since its launch, showing a rapid growth in popularity. The token operates on Arbitrum and has been fully distributed to the community after an airdrop, with dispersed holder addresses. The current market cap of the token is US$9 million, and its 24-hour trading volume is US$11.62 million. The token is scheduled to be listed on Bitget for trading today at 7:00 PM.

SOHI (Token) — A POGAI replica on Arbitrum that was launched through an initial airdrop followed by listing on DEX, with initial liquidity of only US$20,000. However, after passing the airdrop pressure test, the token gained community support and increased in value. Currently, the token’s market cap is US$3.18 million, with a trading volume of US$5.98 million in the last 24 hours.

AICODE (Token) — A token mined through AIDOGE, which can be obtained daily by burning AIDOGE or buying it on-chain. When the token was first introduced, it caused a 5x increase in the price of AIDOGE. However, due to the increasing daily selling pressure and insufficient price support, both AIDOGE and AICODE experienced pullbacks of over 50%. Currently, the market cap of AICODE is US$12.18 million, with a trading volume of US$3.22 million in the last 24 hours. The project plans to provide additional price support through the launch of NFTs and other AIFI features in the future.

BK (NFT) — An NFT project with a total supply of 38,000. The last transaction on the project was half a month ago, and its popularity is moderate. Recently, the project introduced new NFT staking functionality, which has led to increased on-chain interactions.

Walts Vault (NFT) — A highly popular NFT project that quickly minted out with a total supply of 6888. Currently, there are 4685 holders, with a floor price of 0.0887 ETH. The project has significant popularity on social media.

Playbux (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community activities. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project launched a 60-day token airdrop campaign last week, with thousands of daily participants. The project has a high level of popularity on BSC, with 22,500 NFT holders.

Secondlive (DApp) — A metaverse platform on the BSC chain, currently running a marketing campaign until May 20 in collaboration with BNB Chain, DappRadar, and Mua Dao. Participating users have a chance to share a prize pool of US$40,000. This marketing campaign has been recognized and promoted by the official BNB Chain Twitter account, generating a significant amount of traffic.

LINK3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER, which will be available for sale to the public through CoinList on May 18th. Users who qualify as early adopters and contributors will have priority access to the CYBER inaugural public offering on CoinList, including Link3 Mystery Box and The Shards NFT holders, as well as W3ST holders. The relevant NFT transactions have increased.

Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. The project has not yet launched its token, but user interactions have increased due to the Arbitrum airdrop, and the daily on-chain transfer count has risen tenfold from around 5,000 in mid-April. The project recently completed a funding round of $120 million. However, the cross-chain transfer experience of Layer Zero is currently average, and its timeliness is significantly lower than that of top cross-chain protocols. Whether it can gain long-term user support remains to be seen.

Sunflowerland (DApp) — Sunflowerland is a pixel-style casual farming game, a blockchain version of QQ Farm, with a focus on gold farming. NFT land trading is not very active. The project has 40,000 followers on Twitter, with 65+ KOLs following. SimilarWeb shows a monthly visit of 1.9 million, with the main traffic coming from Brazil, Russia, and Turkey. The project is of good quality.

GameTradeMarket (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and recently announced partnerships with PolkaFantasy, Gods Unchained, playSIPHER, and other projects.

GoodDollar (DApp) — GoodDollar is a non-profit protocol managed by GoodDAO, aiming to allow everyone with a smartphone to experience, learn, and use digital currencies. GoodDollar seeks to create sustainable universal basic income for all by incentivizing DeFi investors to allocate a portion of their portfolio to the GoodDollar Trust Fund through social incentives. The project had no special promotional campaigns recently.

Tap Fantasy (DApp) — A cartoon-themed MMORPG game. On April 26th and 27th, it announced partnerships with HALO and SAKABA projects, attracting some users to participate in the promotion. On April 30th, the project announced an update about its tokenomics, but overall attention was limited. However, the game’s user activity is quite good, maintaining a leading position on BSC in the long term.

Wombat Dungeon Master (DApp) — An NFT staking adventure game deployed on WAX and EOS chains. Based on traffic data from the official Twitter account, the project may still be in the early stages. On May 2nd, it announced the launch of the Season 10 Season Pass, allowing users who obtain a Season Pass to earn extra loot. No other special promotions have been announced.

Wormhole (DApp) — A cross-chain bridge for Ethereum tokens launched by Solana in October 2020. Users convert ERC20 tokens to Solana’s SPL standard for use in DeFi applications. The mainnet testing version was launched in February 2021, with the official version launched in August, supporting networks such as Solana, Ethereum, Terra, Polygon, and BSC. On May 3, it announced support for the Sui network.

ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. Nansen mentioned Odos in the “DEXs to Watch on Arbitrum” report published yesterday.

XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including Cointool, MCTXenft, and other tools that can batch mint XEN, resulting in higher Gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” The ecosystem’s tokens, XLON and DXN, experienced significant increases during their initial release.

AIDOGE (Token) — A recent popular meme on Arbitrum, characterized by its unique transaction tax mechanism. The larger the trading volume, the stronger the deflationary effect, and the more likely the token is to enter a positive cycle. Recently, AIDOGE continued to push up its price by introducing burn AIDOGE to get ‘AICODE’ token and empowering AICODE through pumping and mining. After the price adjustment, AIDOGE is preparing to break away from its pure memecoin positioning and build an AIFI ecosystem.

WOJAK (Token) — WOJAK, which has extremely powerful human meme images and ranks second only to tier 1 memes such as AIDOGE and PEPE in this round of memecoin frenzy. It has seen a significant 9x increase in the past 7 days but experienced a noticeable 20% drop in the last 24 hours.

SUI (Token) — The SUI token of the SUI chain has been launched and was jointly listed by multiple top-tier CEXs. Based on the price of US$1.36, its circulating market cap is approximately US$720 million (APT is US$1.89 billion and ARB is US$1.7 billion), and its fully diluted market cap is US$13.6 billion (APT is US$10.3 billion and ARB is US$13 billion).

IDEX (Token) — The listing of IDEX contract trading on Binance has continued to drive up the coin price. The project is building a Layer 3 DEX and is about to launch its mainnet. The team has also released information on fee structures, trading incentives, and early access qualifications, which has generated some anticipation within the community.

Main Body

Written by: Bitget Research

Data collection time: May 4, 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

1.1.1 Core Data

  • Total active users of ETH: 404,608
  • New active users of ETH: 67,213, with a daily decrease of 3.01%
  • Existing active users of ETH: 337,395, with a daily increase of 8.15%

1.1.2 New User Profile

  • Core data: There were a total of 67,213 new active users on ETH yesterday, with a daily decrease of 3.01%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 0
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 1
  • Key Projects:

The main interactions are with mainstream DeFi projects and CEX contract addresses.

ChangeNOW (DApp) — This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

1.1.3 Existing User Profile

  • Core data: The number of ETH active existing users is 337,395, with a daily increase of 8.15%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 2
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 3
  • Key Projects:

LPT (Token) — LPT is the token of the decentralized streaming platform Livepeer, which has had no particular updates recently. Early this morning, small batches of tokens were transferred to 14 contract addresses on Binance. The current market cap is US$153 million, with a trading volume of US$8.3 million across the network. The price has remained stable in the past 24 hours.

PEPE (Token) — The Sad Frog-themed memecoin, PEPE, has seen multiple price surges recently, followed by a correction of more than 40%. Despite this, it remains the hottest memecoin across the blockchain, with a market cap of US$520 million, ranking among the top 100 projects in terms of market cap. Its 24-hour trading volume is US$180 million.

1.2.1 Uniswap V2

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 4

WSB (Token) — A risky project with the theme of WALL STREET, WSB is a memecoin that has recently become very popular, with a 24-hour trading volume of US$40 million. Today, the core controller behind the project sold 10% of the tokens they held, resulting in a short-term price plunge of 90%, and the project has already rugged. https://www.dextools.io/app/en/ether/pair-explorer/0x63f2a1b80af5b19da43ccccdf89b286155b92b7c

$MONG (Token) — A memecoin that originated from a U.S. Congressman’s incoherent ramblings, in which he mentioned MONG COIN several times. It represents a degenerate meme culture and a positive community atmosphere. The token currently has a market cap of US$47.7 million and a 24-hour trading volume of US$10.12 million, exhibiting very high activity. https://www.dextools.io/app/en/ether/pair-explorer/0x7054b0f980a7eb5b3a6b3446f3c947d80162775c

WOJAK (Token) — WOJAK, which has extremely powerful human meme images and ranks second only to tier 1 memes such as AIDOGE and PEPE in this round of memecoin frenzy. It has seen a more than tenfold increase after bottoming out following the lead of PEPE. The token has experienced a slight pullback recently, with a 24-hour trading volume of US$22 million and a market cap of US$37.49 million. https://www.dextools.io/app/en/ether/pair-explorer/0x0f23d49bc92ec52ff591d091b3e16c937034496e

1.2.2 Uniswap V3

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 5

TURBO (Token) — A memecoin with a contract written by AI, TURBO was created by digital artist Rhett Mankind. In the early stages, the project received liquidity from NFT whale Pransky on Uni V3, followed by hype. Its market cap is US$32 million with a trading volume of US$33.52 million in the last 24 hours, indicating high popularity. https://www.dextools.io/app/en/ether/pair-explorer/0x7baece5d47f1bc5e1953fbe0e9931d54dab6d810

RPL (Token) — LSD protocol Rocket Pool’s platform token. Since the Shanghai Upgrade, the project’s functionality has been continuously updated. The threshold for validator staking has been lowered from 16 ETH to 8 ETH. The project’s TVL has increased by 32% in the last 30 days and 7% in the last 7 days. It is one of the projects with the highest TVL growth under the LSD protocol. Currently, the total TVL is $1.12 billion. The token has increased by 6% in the last 24 hours with a trading volume of $15.39 million.

2.Blockchain Profile — BSC Chain

2.1.1 Core Data

  • Total active users on BSC: 1,316,501
  • New active users on BSC: 185,612, with a daily increase of 4.68%
  • Existing active users on BSC: 1,130,889, with a daily decrease of 1.13%

2.1.2 New User Profile

  • Core data: There were a total of 185,612 new active users on BSC yesterday, with a daily increase of 4.68%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 6
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 7
  • Key Projects:

Playbux (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community activities. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project launched a 60-day token airdrop campaign last week, with thousands of daily participants. The project has a high level of popularity on BSC, with 22,500 NFT holders.

2.1.3 Existing User Profile

  • Core data: The number of BSC active existing users is 1,130,889, with a daily decrease of 1.13%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 8
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 9
  • Key Projects:

Secondlive (DApp) — A metaverse platform on the BSC chain, currently running a marketing campaign until May 20 in collaboration with BNB Chain, DappRadar, and Mua Dao. Participating users have a chance to share a prize pool of US$40,000. This marketing campaign has been recognized and promoted by the official BNB Chain Twitter account, generating a significant amount of traffic.

LINK3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER, which will be available for sale to the public through CoinList on May 18th. Users who qualify as early adopters and contributors will have priority access to the CYBER inaugural public offering on CoinList, including Link3 Mystery Box and The Shards NFT holders, as well as W3ST holders. The relevant NFT transactions have increased.

2.2.1 PancakeSwap V2

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 10

$POV (Token) — Pepe Original Version is a Pepe-themed replica on the BSC, claiming to be the most original PEPE. The project was launched just one day ago, with the price experiencing a 10x increase at its peak. The price has since experienced a pullback of over 60%. The 24-hour trading volume is US$18 million, with a market cap of US$4.8 million. https://www.dextools.io/app/en/bnb/pair-explorer/0xbc1e965658453a3e6ac1104f1932e202a3ea6ab4

OGGY (Token) — A memecoin, OGGY has a significant collaboration with BabyDoge and is relatively popular in the community. Its market cap is US$15 million, with a trading volume of US$3.28 million in the last 24 hours. The token is available on Bitget. https://www.bitget.com/en/spot/OGGYUSDT_SPBL?type=spot

There have been multiple tokens on-chain that share the exact same name as popular projects on the Ethereum network. These types of tokens are considered hype-riding tokens and come with higher risks.

3.Blockchain Profile — Polygon Chain

3.1.1 Core Data

  • Total active users on Polygon: 367,990
  • New active users on Polygon: 102,965, with a daily decrease of 10.05%
  • Existing active users on Polygon: 265,025, with a daily decrease of 0.24%

3.1.2 New User Profile

  • Core data: There were a total of 102,965 new active users on Polygon yesterday, with a daily decrease of 10.05%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 11
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 12
  • Key Projects:

Rarible (DApp) — Artist 0x_forexus is producing the second edition of the Unstoppable Journey Rarible series NFTs on the Rarible platform. Currently, 85 primary mints have been completed, with half of them still remaining to be minted. Rarible is a long-standing NFT trading platform with average popularity at the moment. The token’s 24-hour trading volume is US$160,000.

BK (NFT) — An NFT project with a total supply of 38,000. The last transaction on the project was half a month ago, and its popularity is moderate. Recently, the project introduced new NFT staking functionality, which has led to increased on-chain interactions. https://opensea.io/collection/broker-nft

3.1.3 Existing User Profile

  • Core Data: The number of Polygon active existing users is 265,025, with a daily decrease of 0.24%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 13
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 14
  • Key Projects:

Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. The project has not yet launched its token, but user interactions have increased due to the Arbitrum airdrop, and the daily on-chain transfer count has risen tenfold from around 5,000 in mid-April. The project recently completed a funding round of $120 million. However, the cross-chain transfer experience of Layer Zero is currently average, and its timeliness is significantly lower than that of top cross-chain protocols. Whether it can gain long-term user support remains to be seen.

Sunflowerland (DApp) — Sunflowerland is a pixel-style casual farming game, a blockchain version of QQ Farm, with a focus on gold farming. NFT land trading is not very active. The project has 40,000 followers on Twitter, with 65+ KOLs following. SimilarWeb shows a monthly visit of 1.9 million, with the main traffic coming from Brazil, Russia, and Turkey. The project is of good quality.

3.2.1 Uniswap V3

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 15

The trading volume of Uniswap on Polygon is mainly focused on mainstream cryptocurrencies.

4.Blockchain Profile — Arbitrum Chain

4.1.1 Core Data

  • Arbitrum Active Users: 247,826
  • Arbitrum New Active Users: 53,125, with a daily increase of 16.89%
  • Arbitrum Existing Active Users: 194,701, with a daily increase of 1.38%

4.1.2 New User Profile

  • Core data: There were a total of 53,125 new active users on Arbitrum yesterday, with a daily increase of 16.89%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 16
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 17
  • Key Projects:

POGAI (Token) — POGAI is a popular memecoin in the Chinese-speaking region, featuring a panda character from expression packs for spreading its popularity. The project’s Twitter followers have grown by over 20,000 in just two days since its launch, showing a rapid growth in popularity. The token operates on Arbitrum and has been fully distributed to the community after an airdrop, with dispersed holder addresses. The current market cap of the token is US$9 million, and its 24-hour trading volume is US$11.62 million. The token is scheduled to be listed on Bitget for trading today at 7:00 PM. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x1862200e8e7ce1c0827b792d0f9546156f44f892

SOHI (Token) — A POGAI replica on Arbitrum that was launched through an initial airdrop followed by listing on DEX, with initial liquidity of only US$20,000. However, after passing the airdrop pressure test, the token gained community support and increased in value. Currently, the token’s market cap is US$3.18 million, with a trading volume of US$5.98 million in the last 24 hours. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xc1b228c22ca914069c7164e5489e8d79a9cbb922

4.1.3 Existing User Profile

  • Core data: The number of Arbitrum active existing users is 194,701, with a daily increase of 1.38%
  • Popular Sectors
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 18
  • Popular Projects
Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 19
  • Key Projects:

UNIP (Token) — Uniperp Perpetual Exchange, a GMX replica contract trading DEX on Arbitrum, has opened up staking for a reward feature. Currently, there are 12.59 million $UNIP tokens in circulation, of which 1.44 million (11.47%) have been staked on the Uniperp platform. However, the overall token liquidity is poor, with the on-chain pool only having US$2820, and the platform’s 24-hour contract trading volume being only US$4400. https://twitter.com/uniperpofficial

4.2.1 Uniswap V3

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 20

AICODE (Token) — A token mined through AIDOGE, which can be obtained daily by burning AIDOGE or buying it on-chain. When the token was first introduced, it caused a 5x increase in the price of AIDOGE. However, due to the increasing daily selling pressure and insufficient price support, both AIDOGE and AICODE experienced pullbacks of over 50%. Currently, the market cap of AICODE is US$12.18 million, with a trading volume of US$3.22 million in the last 24 hours. The project plans to provide additional price support through the launch of NFTs and other AIFI features in the future. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x2a31b63c3a2a2c06e4aaa624071880b72a122fb1

XIRTAM (Token) — This is a risky project based on a reputation mechanism called Proof-of-One (PoO), where users establish their own reputation through various internal platforms and become part of the consensus group that determines the protocol status. The project was launched with the promotion of KOLs in the Chinese-speaking region, and despite raising over 900 ETH, only 20 ETH was allocated to liquidity pools. Due to FOMO from users in the initial stage, which provided liquidity for the project team and KOLs to cash out, the project has effectively rugged, with the price plummeting over 90%.

5.DApp Ecosystem — All Chains

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 21

GameTradeMarket (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and recently announced partnerships with PolkaFantasy, Gods Unchained, playSIPHER, and other projects.

GoodDollar (DApp) — GoodDollar is a non-profit protocol managed by GoodDAO, aiming to allow everyone with a smartphone to experience, learn, and use digital currencies. GoodDollar seeks to create sustainable universal basic income for all by incentivizing DeFi investors to allocate a portion of their portfolio to the GoodDollar Trust Fund through social incentives. The project had no special promotional campaigns recently.

6.DApp Ecosystem — ETH Chain

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 22

Manifold (DApp) This is a creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform. Manifold maintains high daily activity due to its NFT minting feature.

Foundation (DApp) — It is a community-led digital collectibles platform launched in February 2021, mainly focused on high-quality creative and art-related NFTs. Creators need an invitation code to mint NFTs on the platform. Recently, it has been promoting new works by artist Kazuhiroaihara. Currently, there are no special promotions.

7.DApp Ecosystem — BSC Chain

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 23

Playbux (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community activities. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. Users can get 1BRK for free by signing in daily.

Tap Fantasy (DApp) — A cartoon-themed MMORPG game. On April 26th and 27th, it announced partnerships with HALO and SAKABA projects, attracting some users to participate in the promotion. On April 30th, the project announced an update about its tokenomics, but overall attention was limited. However, the game’s user activity is quite good, maintaining a leading position on BSC in the long term.

8.DApp Ecosystem — Polygon Chain

Bitget Research: Crypto Market Experiences Slight Rebound, Meme Sector Hyped Again image 24

Bungee (DApp) A cross-chain aggregator with high expectations for airdrops and overall operational popularity. On February 21st, the project launched a new beta version of its product, and it has 67,100 followers on Twitter, including 108 KOLs. The project recently announced that its product will be integrated into Polygon zkEVM, which has increased attention.

9.DApp Ecosystem — WAX Chain

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Wombat Dungeon Master (DApp) — An NFT staking adventure game deployed on WAX and EOS chains. Based on traffic data from the official Twitter account, the project may still be in the early stages. On May 2nd, it announced the launch of the Season 10 Season Pass, allowing users who obtain a Season Pass to earn extra loot. No other special promotions have been announced.

10.DApp Ecosystem — Solana Chain

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Wormhole (DApp) — A cross-chain bridge for Ethereum tokens launched by Solana in October 2020. Users convert ERC20 tokens to Solana’s SPL standard for use in DeFi applications. The mainnet testing version was launched in February 2021, with the official version launched in August, supporting networks such as Solana, Ethereum, Terra, Polygon, and BSC. On May 3, it announced support for the Sui network.

11.DApp Ecosystem — Arbitrum Chain

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ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain.

ParaSwap (DApp) — A DeFi aggregator that integrates liquidity from decentralized exchanges and lending protocols into a comprehensive, secure interface and API. Its token, PSP, has a 24-hour trading volume of US$72,000. The current price has dropped 98% from its peak. It is essential to monitor this project.

12.DApp Ecosystem — GameFi Sector Across All Chains

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PlayMining (DApp) — PlayMining is a Play to Earn NFT game platform where users can play various free games and earn DEAPcoin (DEP) tokens. According to Similarweb, the monthly visits have reached 958,000, with the main traffic sources being Indonesia, Japan, Philippines, etc. The platform has a highly active community and a large number of players.

13.Gas Fee Consumption — ETH Chain

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Walts Vault (NFT) — A highly popular NFT project that quickly minted out with a total supply of 6888. (https://opensea.io/collection/waltsvault-official) Currently, there are 4685 holders, with a floor price of 0.0887 ETH. The project has significant popularity on social media. https://twitter.com/WaltsVault_NFT

LPT (Token) — Livepeer is an open and decentralized video infrastructure project. Yesterday, Elon Musk tweeted, “Sorry our video upload is so bad! We’re working on major improvements.” Livepeer retweeted the message with a response, “If only we knew someone who could help with this,” leveraging the hype.

14.Gas Fee Consumption — BSC Chain

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LINK3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER, which will be available for sale to the public through CoinList on May 18th. Users who qualify as early adopters and contributors will have priority access to the CYBER inaugural public offering on CoinList, including Link3 Mystery Box and The Shards NFT holders, as well as W3ST holders. The relevant NFT transactions have increased.

15.Gas Fee Consumption — Polygon Chain

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XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including Cointool, MCTXenft, and other tools that can batch mint XEN, resulting in higher Gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” The ecosystem’s tokens, XLON and DXN, experienced significant increases during their initial release.

16.Gas Fee Consumption — Arbitrum Chain

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ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. Nansen mentioned Odos in the “DEXs to Watch on Arbitrum” report published yesterday. https://twitter.com/nansen_ai/status/1653581985112268800

17.Twitter Trends Token Top 20

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AIDOGE (Token) — A recent popular meme on Arbitrum, characterized by its unique transaction tax mechanism. The larger the trading volume, the stronger the deflationary effect, and the more likely the token is to enter a positive cycle. Recently, AIDOGE continued to push up its price by introducing burn AIDOGE to get ‘AICODE’ token and empowering AICODE through pumping and mining. After the price adjustment, AIDOGE is preparing to break away from its pure memecoin positioning and build an AIFI ecosystem.

WOJAK (Token) — WOJAK, which has extremely powerful human meme images and ranks second only to tier 1 memes such as AIDOGE and PEPE in this round of memecoin frenzy. It has seen a significant 9x increase in the past 7 days but experienced a noticeable 20% drop in the last 24 hours.

18.Token Mentioned Frequency by KOLs on Twitter

There is no data available for today due to issues with the data source update.

19.Token Mentioned Frequency by VCs on Twitter

There is no data available for today due to issues with the data source update.

20.Google Trends — Global

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SUI (Token) — The SUI token of the SUI chain has been launched and was jointly listed by multiple top-tier CEXs. Based on the price of US$1.36, its circulating market cap is approximately US$720 million (APT is US$1.89 billion and ARB is US$1.7 billion), and its fully diluted market cap is US$13.6 billion (APT is US$10.3 billion and ARB is US$13 billion).

IDEX (Token) — The listing of IDEX contract trading on Binance has continued to drive up the coin price. The project is building a Layer 3 DEX and is about to launch its mainnet. The team has also released information on fee structures, trading incentives, and early access qualifications, which has generated some anticipation within the community.

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

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a) Southeast Asia Region

Philippines Trending Tokens: ETH, EDU, XRP

Indonesia Trending Tokens: SUI

Malaysia Trending Tokens: XRP, ADA

Singapore Trending Tokens: BTC, MATIC

b) South Asia Region

India Trending Tokens: SUI, XXA

Pakistan Trending Tokens: SUI, ETH

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

Japan Trending Tokens: GCAKE

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

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a) CIS Region

Trending Tokens: SUI

b) English-speaking Countries

USA Trending Tokens: SUI, TURBO

Australia Trending Tokens: GPT, CSPR, TWT, IDEX

Canada Trending Tokens: IDEX, ADA

UK Trending Tokens: APT, VELO

c) Europe

Switzerland Trending Tokens: love hate inu (A popular memecoin project that has completed a US$10 million public fundraising but has not yet had its TGE)

Spain Trending Tokens: AIDOGE, BTC, SUI, STX, IDEX

France Trending Tokens: MCADE, SUI, MATIC, APE, FLOW, GMT

Germany Trending Tokens: PEPE, XRP

Italy Trending Tokens: VELO, BNT, FTT, SUI

Turkey Trending Keywords: Erhan Ünal (https://twitter.com/erhanunall), Binance, Coinbase

Poland Trending Tokens: IDEX, DOGE, XEN

23.Google Trends Surge — Middle East, Latin America, Africa

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a) Africa

Trending Tokens: BTC, VALR, JUNO

b) Middle East

Trending Keywords: crypto fear and greed index, crypto desk, crypto bubbles, tradingview

c) Latin America

Brazil Trending Tokens: ICP, CFX, BNB, TRX, RXD, XRP

Argentina Trending Tokens: DOJO, XRP, TRX

Mexico Trending Tokens: SOL

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