Bitget Research Weekly News: BASE Mainnet Officially Open to the Public, ARK Bitcoin Spot ETF Application Results Soon to be Revealed

Over the past week (8/7-8/11), there have been many new popular cryptocurrencies and topics in the market.

1. Market Trends

This week (08.07-08.11), the market was most focused on the following topics:

• ARK Bitcoin Spot ETF application results approaching, Binance Labs invests $5 million to purchase CRV

• BASE mainnet officially opened to the public, Bitcoin ETF review on the 13th causing market volatility

• Overall wealth effects rebound, Bot sector leads the market

• Bot sector heat continues to rise, institutions begin to sell off YGG

• Market experiences low volatility fluctuations, YGG drives GameFi sector's rise

2. Popular Projects

This week (08.07-08.11), the most popular projects are:

OXBT (Token): BRC 20 token issued by KOL @BitGod, distributed through multiple communities, KOL whitelist + public free minting. After listing, the number of holding addresses quickly reached nearly 20,000. The project is still one of the projects with the most BRC 20 token holding addresses. On-chain transfers are active. The project team stated on Twitter that the morale of the BRC 20 track is low and liquidity is limited, and perseverance in continuous development is needed;

XRP(Token): Project similar to Bitcoin meme coin, full name HarryPotterObamaPacMan 8 Inu, suspected KOL coin launch, promoted by @Yourpop 8, @stekisteks, @henokcrypto, token price skyrocketed by tens of times, market value reached $8.4 million, trading volume of $2.73 million in the past 24 hours;

LINK(Token): Chainlink token price is testing the downtrend line of the past 2 years, since Chainlink launched Cross-Chain Interoperability Protocol (CCIP) last month, it has expanded its infrastructure capabilities beyond oracles, timely supporting oracle feeding for BASE network, rapid product updates, strong performance of LINK token price, with a growth of over 60% in the past two months, maintaining high positions;

SHIB(Token): Shibarium, an Ethereum-based Layer 2 network, has launched a public test of its cross-chain bridge and will kickstart the SummerOfShibarium campaign. SHIB token has witnessed a 20% surge in the past week, showing high popularity;

Pandra(NFT): NFT issued by Polyhedra Network, conducting Pandra series NFT cross-chain interaction, capable of interacting with zkBridge and LayerZero simultaneously. The deadline for the task is August 20th, and the frenzy of airdrop hunters has driven up transactions for this NFT;

Coinbase(Dapp): Base officially opens its mainnet to the public, defi project Maverick goes live on the Base network and conducts LP activity, providing liquidity for trading pairs such as cbETH-ETH and enabling the minting of Mava IV-Base NFT. This will support the introduction of Coinbase's LSD Token cbETH to the Base network.

Bridegebase (Dapp): Base L2 announced the opening of the mainnet and the official cross-chain bridge, supporting the cross-chain transfer of ETH from Ethereum to Base. In the past 7 days, Base L2's TVL assets have grown rapidly, reaching 72%, with the current cross-chain assets reaching 142 million USD;

Circle (Dapp): Circle, the issuer of the stablecoin USDC, has launched a new programmable Web3 wallet platform, allowing developers and merchants to integrate Circle programmable wallets and customize them to their applications. It also enables consumers to send, receive, and store cryptocurrencies, including Circle's USDC and NFT, and build services on top of it;

3. Hot Searches

The most popular topics of this week (08.07-08.11) are:

PYUSD (Token): PayPal has launched a US dollar stablecoin called PayPal USD, which can be used for transfers and payments. The stablecoin is issued by Paxos and backed by US dollars, short-term government bonds, and cash equivalents. It will gradually be made available to PayPal customers in the United States. Qualified US PayPal users will be able to: transfer PYUSD between PayPal and compatible external wallets, send peer-to-peer payments using PYUSD, choose to use PYUSD at checkout, and exchange any supported cryptocurrency by PayPal with PYUSD;

Unibot (Token): A leading project in the TG Bot track, with a good position. The project provides functionalities such as TG DEX trading, automatic subscription, and copy trading. Currently, the project has the highest number of users, with a daily income of up to 650,000 USD in transaction fees achieved by the end of July, and a daily income level of around 100,000 USD. The search volume of Unibot-related keywords on Google has grown nearly four times in July, indicating a high level of project recognition. The token is now listed on Bitget;

APT (Token): Aptos Official Announcement, Microsoft cooperates with Aptos Labs to develop a new AI blockchain solution. After the news was released, APT price surged by 15% to $7.7 and currently retreated to $7.4. It has attracted high market attention and become a hot search term on Google. According to Token Unlock data, APT will unlock 30.58 million dollars in tokens on the 12th of this week, putting pressure on the price;

Bitget Research Institute focuses on "focusing on on-chain data and mining valuable assets." By monitoring on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for cryptocurrency enthusiasts. Up to now, it has provided Bitget global users with early-stage value assets in various popular sectors such as Arbitrum ecosystem, AI ecosystem, SHIB ecosystem, etc., creating higher-quality wealth effects for Bitget global users through data-driven in-depth research.

[Disclaimer] The market carries 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 are suitable for their specific circumstances. Investing based on this article is at your own risk.