Bitget Research: Frequent Failures of New Memecoins in a Mixed Bag, Bitget Research Daily Report Launches BRC-20 Monitoring Module Bitget Research
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:
1.Popular Tokens:
LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 19,954 holders, with the token price plummeting by 99%.
ORDI (BRC-20 token) — As the first token of BRC-20, ORDI is the primary project supported by innovations or institutional layouts in the current BRC-20 sector, and all its data indicators are basically in the first place. The trading volume in the past 24 hours is close to US$200 million, with 4059 transfers in 24 hours. Since ORDI has been listed on OKX, Bitget, and other exchanges, the actual 24-hour on-chain trading volume is US$117,000, ranking third.
OXBT (BRC-20 token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 20,735. The project has been operated by the project team in a centralized manner since its launch, and it announced yesterday that it will reveal detailed tokenomics this week. The current market cap of the token is US$41.36 million, with a 24-hour on-chain trading volume of US$1.23 million.
BANK (BRC-20 token) — In the past 24 hours, BANK had the second-highest number of transfers, reaching 1836 times. $BANK is among the early batch of BRC-20 tokens and has been listed on some CEXs. The current market cap of the token is US$720,000, with no significant marketing promotion progress.
VMPX (BRC-20 token) — $VMPX is a BRC-20 token created by Jack Levin, the founder of XEN. It set a record with a minting cost of US$2.4 million for a BRC-20 token. The token ranks among the top in terms of the number of holders, with 851 transfers in the past 24 hours and a trading volume of US$410,000. Jack Levin recently hinted at empowering VMPX, though a specific plan has not yet been announced. It is essential to observe its performance.
FINALE (Token) — FINALE is a memecoin promoted by Ben.eth in the community, with significant popularity. It’s the third token promoted by Ben.eth after BEN and Psyop. The market still shows some speculative interest, although it has significantly dropped. The contract has drawbacks, such as the ability to suspend trading and blacklist function. Proceed with caution.
BIAO (Token) — A memecoin whose founder’s wallet is zanzai.eth. After transferring all the tokens to another EOA address, it immediately started pre-sale, retaining 5%. This EOA address then transferred a large amount of tokens to another EOA address three times, presumably to continue selling from this address. The token has fallen by 60% in the past 24 hours.
KERMIT (Token) — A frog-themed memecoin. No significant contract risks have been detected, but the contract consists of 500 lines, many of which are unrelated to the product. The token has gained significant popularity on Twitter The token plummeted after a surge. The rumored news of a ‘godfish’ wallet purchasing this token has been identified as false. Be aware of this misinformation.
AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be professionally designed, and the platform already has usable products. The token has seen a considerable rise previously, and it has been trading flat in recent days.
RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$10 million, and the trading volume in the last 24 hours is US$18 million, with 2135 unique participants. The token has been listed on Bitget.
BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance.
2.Popular NFTs:
Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 KOLs following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume.
Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 63,000 holders.
Blokpax (NFT, DApp) — An NFT selling platform, which recently gained significant popularity with its main focus on athlete card type NFTs. It recently conducted an auction activity, Razz Auction, for athlete card-type NFTs.
3.Popular DApps:
Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs.
Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market.
zkSync (DApp) — With the decline of the memecoin craze and the dual drive of project building and airdrop expectations, zkSync’s topped the charts in terms of daily active users on the ETH mainnet. On May 24th, Matter Labs hired the former Vice President of Community at Activision Blizzard to promote zkSync’s gaming development. On May 26th, the TVL on zkSync Era exceeded US$300 million, setting a new record, and continued to rise. As of May 28th, the TVL had surpassed US$320 million.
PancakeSwap (DApp) — PancakeSwap has launched its GameFi platform, Pancake Protectors, which is technically designed and powered by the PvP GameFi protocol Mobox. Players who hold CAKE tokens can claim CAKE Heroes, which are units that can enhance player functions.
4.Twitter Hot Topics:
Temporarily no data is provided due to abnormalities with the data source.
5.Regional Trending Searches:
LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly.
Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly.
Main Body
Written by: Bitget Research
Data collection time: May 30, 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.BTC Profile — BRC20
ORDI (BRC-20 token) — As the first token of BRC-20, ORDI is the primary project supported by innovations or institutional layouts in the current BRC-20 sector, and all its data indicators are basically in the first place. The trading volume in the past 24 hours is close to US$200 million, with 4059 transfers in 24 hours. Since ORDI has been listed on OKX, Bitget, and other exchanges, the actual 24-hour on-chain trading volume is US$117,000, ranking third.
OXBT (BRC-20 token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 20,735. The project has been operated by the project team in a centralized manner since its launch, and it announced yesterday that it will reveal detailed tokenomics this week. The current market cap of the token is US$41.36 million, with a 24-hour on-chain trading volume of US$1.23 million.
BANK (BRC-20 token) — In the past 24 hours, BANK had the second-highest number of transfers, reaching 1836 times. $BANK is among the early batch of BRC-20 tokens and has been listed on some CEXs. The current market cap of the token is US$720,000, with no significant marketing promotion progress.
VMPX (BRC-20 token) — $VMPX is a BRC-20 token created by Jack Levin, the founder of XEN. It set a record with a minting cost of US$2.4 million for a BRC-20 token. The token ranks among the top in terms of the number of holders, with 851 transfers in the past 24 hours and a trading volume of US$410,000. Jack Levin recently hinted at empowering VMPX, though a specific plan has not yet been announced. It is essential to observe its performance.
2.Blockchain Profile — ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 402,398
New active users of ETH: 73,599, with a daily increase of 8.49%
Existing active users of ETH: 328,799, with a daily increase of 12.61%
2.1.2 New User Profile
Core data: There were a total of 73,599 new active users on ETH yesterday, with a daily increase of 8.49%
Popular Sectors
Popular Projects
zkSync (DApp) — With the decline of the memecoin craze and the dual drive of project building and airdrop expectations, zkSync’s topped the charts in terms of daily active users on the ETH mainnet. On May 24th, Matter Labs hired the former Vice President of Community at Activision Blizzard to promote zkSync’s gaming development. On May 26th, the TVL on zkSync Era exceeded US$300 million, setting a new record, and continued to rise. As of May 28th, the TVL had surpassed US$320 million.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 328,799, with a daily increase of 12.61%
Popular Sectors
Popular Projects
LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 19,954 holders, with the token price plummeting by 99%. https://www.dextools.io/app/en/ether/pair-explorer/0xdd97fce8441dabf221b330269750b18ba82b0cd6
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
FINALE (Token) — FINALE is a memecoin promoted by Ben.eth in the community, with significant popularity. It’s the third token promoted by Ben.eth after BEN and Psyop. The market still shows some speculative interest, although it has significantly dropped. The contract has drawbacks, such as the ability to suspend trading and blacklist function. Proceed with caution. https://www.dextools.io/app/en/ether/pair-explorer/0x4a6670b0afb21b2770541c4c9bd678323f7d84c4
BIAO (Token) — A memecoin whose founder’s wallet is zanzai.eth. After transferring all the tokens to another EOA address, it immediately started pre-sale, retaining 5%. This EOA address then transferred a large amount of tokens to another EOA address three times, presumably to continue selling from this address. The token has fallen by 60% in the past 24 hours. https://www.dextools.io/app/en/ether/pair-explorer/0x8296d84e911e0c1f827e1e7d4b50c2568e807b36
KERMIT (Token) — A frog-themed memecoin. No significant contract risks have been detected, but the contract consists of 500 lines, many of which are unrelated to the product. The token has gained significant popularity on Twitter The token plummeted after a surge. The rumored news of a ‘godfish’ wallet purchasing this token has been identified as false. Be aware of this misinformation. https://www.dextools.io/app/en/ether/pair-explorer/0x43a372e4dad9d28e476c5a591810981895511f8a
2.2.2 Uniswap V3
RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$10 million, and the trading volume in the last 24 hours is US$18 million, with 2135 unique participants. The token has been listed on Bitget.
3.Blockchain Profile — BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,354,637
New active users on BSC: 195,514, with a daily increase of 11.14%
Existing active users on BSC: 1,159,123, with a daily increase of 10.04%
3.1.2 New User Profile
Core data: There were a total of 195,514 new active users on BSC yesterday, with a daily increase of 11.14%
Popular Sectors
Popular Projects
NfD (Token) — New Free Dao has a 9% buy tax and a 10% sell tax. The contract has a drawback that prevents it from being completely sold out. There are 208,037 holders. Proceed with caution.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 1,159,123, with a daily increase of 10.04%
Popular Sectors
Popular Projects
PancakeSwap (DApp) — PancakeSwap has launched its GameFi platform, Pancake Protectors, which is technically designed and powered by the PvP GameFi protocol Mobox. Players who hold CAKE tokens can claim CAKE Heroes, which are units that can enhance player functions.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be professionally designed, and the platform already has usable products. The token has seen a considerable rise previously, and it has been trading flat in recent days. https://www.dextools.io/app/en/bnb/pair-explorer/0x9019e812a436003ad2c515492cffb784937ab2aa
4.Blockchain Profile — Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 469,268
New active users on Polygon: 114,509, with a daily increase of 2.29%
Existing active users on Polygon: 354,759, with a daily increase of 17.93%
4.1.2 New User Profile
Core data: There were a total of 114,509 new active users on Polygon yesterday, with a daily increase of 2.29%
Popular Sectors
Popular Projects
Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 63,000 holders. https://polygonscan.com/token/0x9145e5333cc185fc27fb227fad869e217ed49828#balances
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 354,759, with a daily increase of 17.93%
Popular Sectors
Popular Projects
Blokpax (NFT, DApp) — An NFT selling platform (https://blokpax.com/), which recently gained significant popularity with its main focus on athlete card type NFTs. It recently conducted an auction activity, Razz Auction, for athlete card-type NFTs. https://opensea.io/collection/blokpax-vault-polygon
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
The top trading pairs on Polygon continue to be dominated by MATIC, stablecoins, and mainstream tokens.
5.Blockchain Profile — Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 206,539
Arbitrum New Active Users: 48,131, with a daily increase of 9.34%
Arbitrum Existing Active Users: 158,408, with a daily increase of 7.22%
5.1.2 New User Profile
Core data: There were a total of 48,131 new active users on Arbitrum yesterday, with a daily increase of 9.34%
Popular Sectors
Popular Projects
Stargate (DApp) — The project has recently completed a total of $10 billion in on-chain transfers and transactions. Stargate’s Farming pool provides single-token staking functionality for various stablecoins and mainstream tokens, providing a steady income. Its interaction data is in a leading position on Arbitrum.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 158,408, with a daily increase of 7.22%
Popular Sectors
Popular Projects
Contracts such as Layerzero, Stargate, and others were explained earlier in the report.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
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 the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH.
6.DApp Ecosystem — All Chains
AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem.
7.DApp Ecosystem — ETH Chain
Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 KOLs following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume. https://opensea.io/collection/nakamigos/analytics
8.DApp Ecosystem — BSC Chain
Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform, that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs.
9.DApp Ecosystem — Polygon Chain
WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022.
10.DApp Ecosystem — WAX Chain
WAX chain’s UAW fluctuations are within the normal range. AtomicAssets is an NFT asset standard built on WAX/EOS.
11.DApp Ecosystem — Solana Chain
Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market.
12.DApp Ecosystem — Arbitrum Chain
Native DeFi projects on Arbitrum show signs of daily activity recovery: Camelot, Radiant, GMX, and others have seen a noticeable increase in UAW.
13.DApp Ecosystem — GameFi Sector Across All Chains
Hippo Dash by Gameta was explained earlier in the report.
14.Gas Fee Consumption — ETH Chain
Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur.
15.Gas Fee Consumption — BSC Chain
BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance. https://www.dextools.io/app/cn/bnb/pair-explorer/0x054e66cd9b1009b0b6352cc7cb57a73432ab9805
16.Gas Fee Consumption — Polygon Chain
BWLD (Token) — Beta WLD (i.e., Worldcoin beta token) has drawn attention due to the relationship between Worldcoin and OpenAI CEO Sam Altman. It remains high in popularity on the Polygon chain.
17.Gas Fee Consumption — Arbitrum Chain
Gelato Network (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project.
18.Twitter Trends Token Top 20
Temporarily no data is provided due to abnormalities with the data source.
19.Google Trends — Global
LINA (Token) — Linear Finance is the first cross-chain compatible decentralized Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly.
Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly.
20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: lina, ada
Pakistan Trending Tokens: eth
b) Southeast Asia Region
Indonesia Trending Tokens: lina, xen, toko
Malaysia Trending Keywords: airdrop crypto
Thailand Trending Keywords: crypto bubble, crypto dog
Philippines Trending Tokens: maya, lina, eth
c) East Asia and Hong Kong, Macau, and Taiwan
Trending Keywords: coinbase, crypto casino, crypto news, ivs crypto
21.Google Trends Surge — English-speaking Countries, Europe, CIS Region
a) CIS Region
Trending Keywords: crypto crew, coinbase, binance, crypto pro
b) English-speaking Countries
Canada Trending Tokens: ankr
UK Trending Tokens: crv, kas, inj, xrp
USA Trending Tokens: colt, pika, xdc, sperax, eth, dogetti
Australia Trending Tokens: vra, icp, lina, luna, edu
c) Europe
Spain Trending Tokens: lina, cocos, hex, joe, floki, ada, pepe
France Trending Tokens: xrp, ckb, ltc, egld
Germany Trending Tokens: btc, pepe
Italy Trending Tokens: bat, axs, amp, lady
Poland Trending Tokens: cocos, lina, btc, pooh
Switzerland Trending Keywords: shiba inu, lina crypto
Turkey Trending Keywords: free bitcoin, paribu, crypto royal
22.Google Trends Surge — Middle East, Latin America, Africa
a) Africa
Trending Keywords: tuzona crypto, crypto faucet, coinbase, easy equities
b) Middle East
Trending Keywords: kingfisher, crypto marketcap, israel crypto conference
Trending Tokens: shib, pepe, cocos
c) Latin America
Brazil Trending Tokens: pepe, lina, sol
Argentina Trending Keywords: lina crypto, cocos crypto
Mexico Trending Tokens: sol, btc
