Bitget Research Weekly Highlights: Ethereum to test Cancun upgrade on January 17, ARB hits new highs
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Bitget Research Weekly Highlights: Ethereum to test Cancun upgrade on January 17, ARB hits new highs
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (01.02–01.05), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (01.02–01.05) were:
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Bitcoin rebounded to $44,000; Ethereum's Cancun upgrade set for testing on January 17
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BTC briefly dropped below $40,000; Fed meeting minutes dampen rate cut expectations
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Grayscale GBTC submits prospectus filing to SEC; ARB hits new highs
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BTC breaks above $45,000; Layer 2 tokens such as ARB and METIS surge
2. Popular Projects
The hottest projects this week (01.02–01.05) include:
INSC (Token): A BRC-20 token representing inscriptions, deployed on March 17, 2023. After SATS, it was discovered by some community members as a meme-like asset within the BRC-20 space. The current market cap is $15 million, with a 24-hour on-chain trading volume of $880,000 and 2,250 holding addresses—still at an early stage.
BEND (Token): BendDAO is an NFT lending platform on Ethereum. It recently launched the BDIN inscription token to expand BTC ecosystem NFT lending and cross-chain functionality. IDO events will take place on BendDAO, Bakery, and Turtsat. Long-term staking holders of BEND tokens may receive whitelist opportunities. BEND has risen 185% over the past month, with a 24-hour trading volume of $2 million.
MICKEY (Token): A meme coin based on Disney’s classic character Mickey Mouse. Since January 1, 2024, Disney no longer holds the copyright to the original version of Mickey Mouse, leading to multiple Mickey-themed meme coins appearing on-chain. MICKEY eventually gained consensus, surpassing a $10 million market cap with a 24-hour trading volume of $6.25 million.
POWR (Token): Power Ledger is a blockchain-based energy trading platform enabling peer-to-peer energy transactions to promote renewable energy adoption and efficiency. In May 2017, Power Ledger completed its initial coin offering (ICO), raising over $34 million. Recently, large buy orders have appeared, with a 24-hour trading volume reaching $9.01 million.
NodeMonkes (NFT): An Ordinals NFT project featuring code monkeys as its meme theme. Its latest floor price reached 0.249 BTC, surpassing Bitcoin Frogs to become the hottest NFT project in the current Ordinal NFT market, with a market cap exceeding $100 million and over $6 million in 24-hour trading volume on Magic Eden.
Uniswap (Dapp): As of January 3, Uniswap Labs’ frontend trading fees (revenue) have accumulated to over $3.3 million, with daily revenue reaching $66,000. Previously, Uniswap Labs announced a 0.15% swap fee on certain tokens—including ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD—on its web app and wallet starting October 17, 2023.
Sleepless AI (Dapp): SleeplessAI’s first NFT collection, HIM Genesis I, concluded its auction yesterday at midnight, with the highest single price exceeding 510 BNB and total auction proceeds surpassing 8,477 BNB (approximately $2.6 million). Its Launchpool event has ended, and the token is expected to launch soon, with airdrops opening 20 minutes before listing.
Gas Hero (Dapp): Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero emphasizes game theory, offering richer strategic gameplay while leveraging decentralized exchanges to maximize on-chain data transparency. The game has just launched, and NFT trading within the game is currently very active.
xPet.tech (Dapp): XPET is a socialFi + gameFi project on Arbitrum that requires players to feed and care for pets to keep them alive, earning token rewards in return. Recently, xpet introduced its PvE gameplay, increasing consumption of $BPET, resulting in rapid growth in user and transaction data. Additionally, egg fragments obtained in PvE mode can be combined into NFTs, which are already circulating in secondary markets. Bitget has listed the XPET token.
3. Hot Searches
The hottest topics this week (01.02–01.05) include:
SEI (Token): Sei Network is the first orderbook-based Layer 1 blockchain. With the release of its v2 version featuring a parallel EVM solution, developers can now deploy audited smart contracts from EVM-compatible blockchains. As the first public chain promoting a parallel EVM narrative, SEI recently hit a new all-time high of $0.80, rising nearly fourfold over two weeks.
BEAM (Token): The token of gaming guild Merit Circle. According to a co-founder’s tweet, BEAM subnet network activity hit an all-time high in 2024, with over 100,000 transfers per day. Additionally, the guild signed new games in 2024, and the token has gained 40% over the past 30 days, showing strong performance in the gaming sector.
Avalanche (Token): On December 29, the Avalanche Foundation announced support for the Meme sector through its Culture Catalyst Grant Program. By purchasing selected Avalanche-based Meme tokens to create curated collections, the foundation aims to recognize and encourage the culture and fun represented by the Meme ecosystem, while diversifying its portfolio within the broader ecosystem. Criteria for selecting Meme projects include number of holders, liquidity thresholds, project maturity, fair launch principles, and overall social sentiment.
Bitget Research focuses on "tracking on-chain data and uncovering valuable assets," utilizing real-time monitoring of on-chain metrics and regional search trends to identify emerging investment opportunities. To date, it has provided Bitget’s global users with early insights into high-potential sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem, delivering institutional-grade intelligence and creating superior wealth effects through data-driven research.
[Disclaimer] The market involves risks; investing carries risk. 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 information are made at the user’s own risk.
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