Bitget Research Weekly Highlights: Telegram Bot-related tokens surge, USDT market cap hits all-time high
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Bitget Research Weekly Highlights: Telegram Bot-related tokens surge, USDT market cap hits all-time high
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (7/17–7/21), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
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Coindesk's sale deal is nearing completion, while USDT's market cap hits a new all-time high
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BTC futures positions reach yearly highs; Telegram Bot-related tokens surge broadly
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BTC trades weakly with volatility, while XRP-related tokens perform strongly
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Market lacks clear catalysts; DeFi sector shows relative strength
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DeFi sector rises overall, with Comp, 1inch, and Sushi taking turns to rally
2. Popular Projects
FRAM (BRC-20 Token): FRAM has consistently ranked first in on-chain trading volume recently. What makes this BRC-20 token notable is that 98% of its supply is controlled by just the top nine addresses, two of which show clear signs of wash trading. The number of token holder addresses currently stands at 1,143, showing a noticeable increase from previous days.
Arkham (Token): Arkham officially announced that ARKM airdrop snapshots were taken on July 8 and listing occurred on July 18. Users can claim their airdrop via the Arkham platform’s invitation dashboard by entering their Ethereum address. Ongoing claims from eligible addresses have kept the airdrop contract highly active.
Unibot (Token): A leading project in the Bot Coin sector, Unibot has a market cap of $80 million and recorded $3.95 million in trading volume over the past 24 hours, rising more than 50% over the past week. Recently, the Telegram Bots narrative has gained momentum, as new users can easily enter on-chain trading and purchase tokens through Telegram bots—addressing one of crypto’s core usability challenges. Unibot is currently the fastest Telegram trading bot, offering seamless and lightning-fast transactions via a free Telegram bot interface.
OXBT (Token): A BRC-20 token launched by KOL @BitGod, distributed through whitelists across multiple communities and KOLs, plus a public free mint. The project ran a marketing contest on Twitter, and the founder will host an AMA session today on Discord. Ecosystem development is ongoing, with high on-chain activity observed over the past 24 hours.
Opensea - Seadrop (NFT): Opensea recently launched the Seadrop project SIZECREATURE on Arbitrum, completing a total mint of 109,000 NFTs, generating significant on-chain attention. Four additional Seadrop projects are also underway, providing strong traffic inflow for Opensea.
Merkly (Dapp, NFT): A cross-chain NFT bridge enabling multi-chain NFT transfers via LayerZero and zkSync. Amid expectations of upcoming airdrops on LayerZero and zkSync, Merkly has become a key point of interaction between zk and LayerZero ecosystems, resulting in high interaction metrics and increased minting activity for multi-chain NFTs.
Linea (Dapp): Linea, ConsenSys’ Ethereum Layer 2 solution, has opened access to its mainnet Alpha version for the entire Linea community. Developers can now access the rollup, ETH bridge UI, and RPC endpoints via Infura and MetaMask. To date, the Linea mainnet has accumulated 6,325 ETH, processed 28,982 transactions, and attracted 26,789 unique interacting addresses.
Holograph (Dapp): Holograph is a fully cross-chain NFT protocol whose solution enables NFTs to move seamlessly across blockchains without wrapping. LayerZero will serve as Holograph’s cross-chain messaging layer, providing the underlying infrastructure support.
zkSync Era (Dapp): zkSync Era announced the rollout of Boojum, a new proving system upgrade designed to help transition the network toward STARK-based proofs. The team stated that Boojum represents a critical step toward decentralizing the prover. Recent NFT airdrop discussions have generated considerable buzz, amplifying anticipation for zkSync’s potential airdrop and boosting on-chain engagement.
3. Hot Searches
XRP (Token): Last week, Ripple won its case against the SEC, with the U.S. District Court for the Southern District of New York ruling that XRP itself is not a security, though Ripple’s institutional sales of XRP constituted unregistered offers and sales of investment contracts. The ruling triggered a significant price surge, prompting Binance.US, Coinbase, and Kraken Pro to relist XRP.
RDNT (Token): The token has recently benefited from positive developments, including the completion of the second snapshot for “RFP-18: Radiant DAO Treasury ARB Allocation Strategy,” making eligible users eligible to share 1.3 million ARB tokens. Additionally, Binance Labs, Binance’s venture arm, invested $10 million in the cross-chain lending protocol Radiant Capital. These catalysts drove RDNT’s price up over 15%, increasing its market热度.
TON (Token): Recently, Telegram founder Pavel Durov announced on his personal Telegram channel that Telegram now has over 800 million monthly active users and more than 2.5 million new daily registrations. He also revealed holding some Bitcoin and Toncoin. Meanwhile, the strong performance of the Telegram Bot sector has driven visible capital inflows into TON, which has appeared prominently on multiple exchange ranking charts today.
LINK (Token): Chainlink, the blockchain oracle provider, announced the launch of its Cross-Chain Interoperability Protocol (CCIP)—a technology designed to connect public and private blockchains. CCIP is now live on Avalanche, Ethereum, Optimism (now OP Mainnet), and Polygon mainnets. Synthetix is already using CCIP to seamlessly transfer tokens across chains via a highly secure burn-and-mint model, opening new pathways for cross-chain trading. LINK rose 15% over the past 24 hours.
Bitget Research focuses on "tracking on-chain data to uncover valuable assets," continuously monitoring on-chain activity and regional search trends to identify early-stage investment opportunities. To date, it has delivered institutional-grade insights to Bitget’s global user base, highlighting early value assets in trending sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem—creating superior wealth effects through data-driven research.
[Disclaimer] The market involves risks; investing requires caution. This article does not constitute investment advice. Readers should consider whether any opinions, viewpoints, or conclusions presented herein are suitable for their specific circumstances. Investment decisions based on this content are made at the reader’s own risk.
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