Bitget Research Weekly News: Telegram Bot Concept Soars, USDT Market Cap Hits All-Time High
Focusing on on-chain data, weekly news roundup.Author: Bitget Research Institute
In the past week (7/17-7/21), the market has seen several new popular coins and topics.
1. Market Trends
Coindesk's sale of trading is nearing completion, and USDT's market cap has reached an all-time high.
BTC contract positions are at a yearly high, and the Telegram Bot concept is experiencing a widespread surge.
BTC is weakly fluctuating, while XRP-related concept tokens are performing strongly.
The market lacks hotspots, with the DeFi sector relatively strong.
The DeFi sector is generally on the rise, with Comp, 1 inch, and Sushi alternating in gains.
2. Popular Projects
FRAM (BRC-20 Token): The FRAM token has recently maintained the highest on-chain trading volume. The uniqueness of this project as a BRC 20 token lies in the fact that 98% of the tokens are controlled by the top 9 addresses, two of which exhibit obvious wash trading behavior; currently, there are 1,143 token holding addresses, showing a significant increase compared to previous days.
Arkham (Token): Arkham officially announced that the ARKM airdrop snapshot was taken on July 8 and went live on July 18. Users can claim the airdrop by entering their Ethereum address on the Arkham platform's invitation dashboard; currently, eligible addresses are continuously claiming the airdrop, resulting in high interest in the airdrop contract.
Unibot (Token): A leading project in the Bot Coin track, with a market cap of $80 million and a trading volume of $3.95 million in the last 24 hours, having risen over 50% in the past week; recently, the narrative around Telegram Bots has surged, allowing new users to easily purchase tokens on-chain through Telegram Bots, which solve one of the core issues in cryptocurrency; Unibot is currently the fastest Telegram trading bot, enabling trading through a free Telegram bot, providing a seamless and rapid trading experience.
OXBT (Token): A BRC 20 token issued by KOL @BitGod, released through multiple communities, KOL whitelist + public free minting. The project is conducting a marketing contest on Twitter, and the founder will hold a Q&A session on Discord today, with ecosystem development underway and high on-chain activity in the past 24 hours.
Opensea - seadrop (NFT): Opensea has recently launched the Seadrop project SIZECREATURE on Arbitrum, completing the minting of 109,000, leading to high on-chain activity; there are also 4 other ongoing seadrop projects, providing good traffic for Opensea.
Merkly (Dapp, NFT): A multi-chain NFT cross-chain bridge that connects NFTs across networks via LayerZero and zkSync. Under the expectation of airdrops from LayerZero and zkSync, Merkly has become a part of zk+Layer 0 interactions, resulting in high interaction data and a surge in multi-chain NFT minting.
Linea (Dapp): The Ethereum Layer 2 solution Linea launched by ConsenSys has announced access to the Alpha version of the Linea mainnet for the entire Linea community. Developers can access the Rollup and ETH bridge UI, as well as RPC endpoints in Infura and MetaMask. Currently, the Linea mainnet has crossed 6,325 ETH, with 28,982 transactions and 26,789 unique addresses.
Holograph (Dapp): Holograph is a full-chain NFT protocol that allows NFTs to be transferred seamlessly between blockchains without wrapping. LayerZero will support Holograph as its cross-chain messaging solution.
zkSync Era (Dapp): zkSync Era announced the launch of a new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is an important step towards decentralizing the proof system. Recently, there has been significant discussion around NFT airdrop events, increasing expectations for zkSync airdrops and leading to heightened on-chain interaction activity.
3. Hot Searches
XRP (Token): XRP won its lawsuit against the SEC last week, with the Southern District of New York Federal Court stating that XRP itself is not a security, while Ripple's institutional sale of XRP constitutes an unregistered investment contract offer and sale. The token price saw a significant increase as a result, with Binance.US, Coinbase, and Kraken Pro subsequently listing XRP.
RDNT (Token): Recently benefited from positive news, including the completion of the second snapshot of the proposal "RFP-18: Radiant DAO Treasury ARB Allocation Strategy Application," qualifying eligible users to share 1.3 million ARB; Binance's venture capital arm, Binance Labs, has invested $10 million in the cross-chain lending protocol Radiant Capital; the token price has risen by over 15%, showing good interest.
TON (Token): Recently, Telegram founder Pavel Durov stated in his personal TG channel that Telegram's monthly active users have exceeded 800 million, with over 2.5 million new registrations daily, and he personally holds some Bitcoin and Toncoin; on the other hand, the Telegram Bot track has shown impressive performance, leading to significant capital inflow into TON, which has appeared on multiple market ranking websites today.
LINK (Token): Crypto oracle provider Chainlink announced the launch of the Cross-Chain Interoperability Protocol (CCIP), a technology designed to link public and private blockchains, which has gone live on Avalanche, Ethereum, Optimism (now renamed OP Mainnet), and Polygon mainnet. The synthetic asset protocol Synthetix is using CCIP to seamlessly transfer tokens across chains through a highly secure burn-and-mint model, opening up new ways for cross-chain trading; LINK has risen by 15% in the past 24 hours.
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【Disclaimer】The market has risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.
