Bitget Research Weekly: BASE mainnet officially opens to the public, ARK Bitcoin spot ETF application decision imminent
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Bitget Research Weekly: BASE mainnet officially opens to the public, ARK Bitcoin spot ETF application decision imminent
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (August 7–11), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (08.07–08.11) were:
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ARK’s spot Bitcoin ETF application decision drawing near; Binance Labs invested $5 million to purchase CRV
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BASE mainnet officially opened to the public; increased scrutiny of Bitcoin ETFs on the 13th amplified market volatility
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Market wealth effect recovering, Bot sector leading the rally
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Continued surge in Bot sector热度, institutions beginning to dump YGG
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Low market volatility with consolidation; YGG driving gains in GameFi sector
2. Popular Projects
The hottest projects this week (08.07–08.11) included:
OXBT (Token): A BRC-20 token launched by KOL @BitGod, distributed via whitelist allocations from multiple communities and KOLs, followed by a public free mint. The number of holder addresses quickly reached nearly 20,000 after launch. It remains one of the BRC-20 tokens with the highest number of holders, showing active on-chain transfers. The team stated on Twitter that morale in the BRC-20 space is currently low and liquidity limited, requiring sustained development efforts.
XRP (Token): A meme coin inspired by Bitcoin, full name HarryPotterObamaPacMan 8 Inu, likely launched by a KOL and heavily promoted by @Yourpop8, @stekisteks, and @henokcrypto. The token surged dozens of times in price upon listing, reaching a market cap of $8.4 million, with $2.73 million in trading volume over the past 24 hours.
LINK (Token): Chainlink's token price is testing a two-year downward trendline. Since launching its Cross-Chain Interoperability Protocol (CCIP) last month, Chainlink has been expanding beyond oracle services into broader infrastructure capabilities. Recently, it promptly enabled oracle price feeds for the BASE network, demonstrating rapid product iteration. LINK has shown strong price performance, gaining over 60% in the past two months and holding at elevated levels.
SHIB (Token): The cross-chain bridge for Shibarium, Ethereum-based Layer 2 network, has gone live in public test mode, kicking off the "Summer of Shibarium" campaign. SHIB token rose as much as 20% in the past week, attracting significant attention.
Pandra (NFT): An NFT issued by Polyhedra Network. The Pandra series NFT enables cross-chain functionality, allowing interaction with both zkBridge and LayerZero. With the task deadline set for August 20, airdrop farmers have driven up transaction volume for this NFT.
Coinbase (Dapp): Base officially opened its mainnet to the public. DeFi project Maverick launched on the Base network and initiated an LP campaign—providing liquidity for trading pairs like cbETH-ETH allows users to mint Mava IV-Base NFTs, supporting the integration of Coinbase’s LSD token cbETH into the Base network.
Bridgebase (Dapp): Base L2 announced the opening of its mainnet and launched its official cross-chain bridge, enabling ETH transfers from Ethereum to Base. Over the past seven days, Base L2’s TVL grew rapidly by 72%, with cross-chain assets now totaling $142 million.
Circle (Dapp): USDC stablecoin issuer Circle launched a new programmable Web3 wallet platform, allowing developers and merchants to integrate Circle’s programmable wallets into their applications, customize them, and build services enabling consumers to send, receive, and store cryptocurrencies—including Circle’s USDC and NFTs.
3. Hot Searches
The most searched topics this week (08.07–08.11) were:
PYUSD (Token): PayPal launched PayPal USD, a U.S. dollar-backed stablecoin for payments and transfers. Issued by Paxos and backed by U.S. dollars, short-term Treasuries, and cash equivalents, PYUSD will gradually roll out to PayPal customers in the U.S. Eligible U.S. PayPal users can: transfer PYUSD between PayPal and compatible external wallets, use PYUSD for peer-to-peer payments, select PYUSD at checkout, and exchange any PayPal-supported cryptocurrency for PYUSD.
Unibot (Token): A leading project in the Telegram bot sector with strong positioning. The platform offers DEX trading via Telegram, automated token purchases, copy trading, and more. Currently boasting the highest user base among such protocols, Unibot achieved peak daily protocol revenue of $650,000 in late July, averaging around $100,000 per day. Google search volume for Unibot-related terms increased nearly fourfold in July, reflecting high awareness. The token is now listed on Bitget.
APT (Token): Aptos announced a collaboration with Microsoft and Aptos Labs to develop a new AI blockchain solution. Following the announcement, APT’s price spiked 15% to $7.7 before pulling back to around $7.4, drawing significant market attention and becoming a Google trending search. According to Token Unlock data, $30.58 million worth of APT tokens are scheduled to unlock on August 12, potentially weighing on price.
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. So far, it has delivered institutional-grade insights to Bitget’s global user base, highlighting early value plays 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 individual circumstances. Investment decisions based on this information are made at the user’s own risk.
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