Bitget Research Weekly News: Bigtime's surge after launch attracted market attention, and the popularity of SocialFi projects on various chains continued

Focus on on-chain data and take stock of the latest news every week.

In the past week (10.09-10.13), many new hot currencies and topics have appeared in the market.

1.Market Trends

This week (10.09-10.13), the most concerned topics in the market are:

  • The overall US CPI remained unchanged, and the price of ETH hit a new low since March;

  • Bigtime's surge after going online attracted market attention, and the minutes of the Federal Reserve meeting showed that there is still a possibility of raising interest rates;

  • Cipher topped the ARB user interaction list, and the popularity of SocialFi projects on various chains continued;

  • The Ethereum Foundation sold 1,700 ETH, and the low activity on the chain kept gas in the single digits;

  • Base TVL continues to rise, and the UK implements a new financial promotion regime covering the crypto sector;

2.Popular Projects

The most popular projects this week (10.09-10.13) are:

Bigtime(Token)Big Time is a PC multiplayer action role-playing game led by the former founder of Mana. It has recruited an all-star team of game industry veterans from top game companies such as Epic Games, Blizzard, EA, and Riot. In the early stage, it raised more than US$90 million in funds by selling NFTs.TokenThe first launches include Bitget, OKX, Coinbase, etc.exchange, and attracted market attention, driving the overall gaming sector to rise against the trend;

SAFEREUM(Token):This project is a decentralized meme coin project. It is a meme coin issued on Pinksale with high participation enthusiasm. The original goal was to raise 10ETH, but it eventually raised 267ETH, 26.7 times more than the target. In recent days, it has had good on-chain data performance, with 3.54K coin holding addresses and $5.68M trading volume in the past 24 hours.contractOwnership has been abandoned and the LP portion has been locked;

WSM(Token):encryptionCommunityThe more popular MEMETokenOriginated from the Wall Street meme movement, the WallStMemes community has a size of over 800,000 people, integrating the humor of meme with Web3 elements. In addition to hyping the value of MEME, the project also provides a staking function. The current staking income is approximately 40% per annum.

LINK(Token)Chainlink has just concluded SmartCon recently. During the conference, Chainlink co-founder Sergey Nazarov talked about the next important milestone of LINK, CCIP. Sergey emphasized that CCIP can bring trillions of assets, especially funds from traditional banks and traditional trading fields, intoBlockchainsuperior.

Tip(Token):socialfiTrack products are traffic monetization projects. After players bind their Twitter accounts to tipcoin, they can add the Tip tag when updating their tweets to get corresponding points, which will be used for future project airdrops. Currently, the project has already airdropped coins, and Bitget has been launched.

Arbitrum Odyssey – Star NFT V3 (NFT):Arbitrum重新开启奥德赛活动第二周,由于Arbitrum官方基金会回收了没有发放出去空投的ARBToken,并又开启了奥德赛活动,CommunityIt is speculated that it may continue to be used for airdrops, so there are more participants.

Blur (Dapp):Blur posted "Blur Season 2. November 20." on the social platform, hinting that Season 2 will reach an important time node on November 20.

Cipher (Dapp):Cipher是一个在Arbitrum上运行的SocialFi项目,类似于friend.tech,用户可以购买和出售名为Cores的个人账户的“股份”,这些Cores类似于friend.tech上的Keys。由于较早的公布了代币空投计划,引起CommunityFOMO情绪参与其中;

Post.Tech (Dapp):Post.tech is a decentralized social platform where the line between friends and assets becomes blurred. Here, user-run networks are transformed into shared or secret keys, tokenizing the credibility of users and their friends. Each user becomes a tradable social token that can be purchased, held, and even leveraged for their growing reputation;

3. Hot Searches

The most popular topics this week (10.09-10.13) are:

BNT(Token): The token that rose in the concept of the Israeli-Palestinian conflict. Bancor is located in Tel Aviv, Israel. Its founder is Guy Benartzi (a well-known Israeli Internet software entrepreneur and angel investor). The logic of the rise of Waves is similar to that of the Russian-Ukrainian war. The total transaction volume of BNT tokens increased by +10784.79% compared with yesterday, and the transaction volume increased. Suspected UpbitwalletIn the past 11 hours, 4.71 million BNTs have accumulated, accounting for 3.3% of the total supply. With the support of South Korean funds, the currency price may continue to speculate. The token price has risen by 40% in the past 24 hours.

BIGTIME(Token)Big Time is a PC multiplayer action role-playing game led by the former founder of Mana. It has recruited an all-star team of game industry veterans from top game companies such as Epic Games, Blizzard, EA and Riot. In the early stage, it raised more than 90 million US dollars through the sale of NFTs. The first launch of the token includes Bitget, OKX, Coinbase and many otherexchange, and later launched on Binancecontract, the token has increased fivefold in the secondary market, and the total transaction volume of the network is 250 million US dollars;

USDR(Token): Tangible issued stablecoin assets, yesterdaycontractDAIAll assets were withdrawn and exhausted, causing the USDR to be instantly de-anchored. The project is currently unable to guarantee sufficient collateral for the USDR stablecoin, and the risk is high. You can continue to pay attention to the development of the project.

DOT(Token):Recently, there has been new progress in Polkadot governance. The community proposed to adjust the ideal staking rate to incentivize staking in response to the upcoming unlocking of 100 million DOTs. At the same time, the Web3 Foundation, the Polkadot development agency, announced a new plan to invest 20 million Swiss francs and 5 million DOT tokens in 2024 to promote socialXiaobai Navigationdistrict-driven growth;

Bitget Research Institute focuses on "focusing on on-chain data and mining value assets". Through real-time monitoring of on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for crypto world enthusiasts. So far, it has provided [Arbitrum Ecosystem], [AIEcology], [SHIB Ecology] and other early value assets in many popular sectors, create better wealth effects for Bitget global users through in-depth data-driven research.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

The article comes from the Internet:Bitget Research Weekly News: Bigtime's surge after launch attracted market attention, and the popularity of SocialFi projects on various chains continued

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