Bitget Research Weekly News: Telegram Bot Concept Soars, USDT Market Capitalization Reaches New Historic High

Over the past week (7/17-7/21), there have been many new popular currencies and topics in the market.

1. Market Trends

• Coindesk sale of transactions nearing completion, USDT market cap reaches all-time high

• BTC futures positions at yearly high, Telegram Bot concept surges

• BTC weak oscillation, strong performance of XRP-related concept tokens

• Lack of market hotspots, relatively strong DeFi sector

• Overall rise in DeFi sector, Comp, 1 inch, Sushi alternate rise

2. Popular Projects

FRAM (BRC-20 Token): FRAM token has consistently ranked first in on-chain trading volume recently. The unique feature of this project, as a BRC-20 token, is that 98% of the tokens are controlled by the top 9 addresses, with two of them exhibiting obvious volume brushing behavior. Currently, there are 1143 token holding addresses, showing a significant increase compared to the previous days;

Arkham (Token): Arkham officially announced that the ARKM airdrop was snapshot on July 8th and will go live on July 18th. Users can claim the airdrop by entering their Ethereum address on the Arkham platform's invitation dashboard. Currently, there is a continuous uptake of the airdrop by eligible addresses, resulting in high contract activity for the airdrop;

Unibot (Token):Bot Coin, the leading project in the token race, with a market cap of $80 million USD and a trading volume of $3.95 million USD in the past 24 hours, has risen by over 50% in the past week. Recently, Telegram Bots have emerged as a rising force, making it convenient for new users to buy tokens on the blockchain through Telegram Bots. These bots solve one of the core issues in cryptocurrency. Unibot is currently the fastest Telegram trading bot, providing a seamless and high-speed trading experience through its free Telegram bot.

OXBT (token): BRC20 token issued by KOL @BitGod, distributed through multiple communities, KOL whitelist, and public free minting. The project is running a marketing competition on Twitter, and the founder will be conducting a Q&A session on Discord today. The project's ecosystem development is progressing, and there has been high on-chain activity in the past 24 hours.

Opensea - seadrop (NFT): Opensea has recently launched the Seadrop project on Arbitrum. SIZECREATURE completed the minting, with a total minting of 10.9k, leading to high on-chain activity. There are four other ongoing seadrop projects, providing good traffic for Opensea.

Merkly (Dapp, NFT): Merkly is a multi-chain NFT cross-chain bridge that connects NFTs to various networks through LayerZero and zkSync. With the airdrop expectations on LayerZero and zkSync, Merkly has become an integral part of zk+Layer 0 interaction, resulting in high interaction data and high minting activity for multi-chain NFTs.

Linea (Dapp): Linea, an Ethereum Layer 2 solution launched by ConsenSys, announced the opening of access to the Linea mainnet Alpha version for the entire Linea community. Developers can access the Rollup and ETH bridge UI, as well as the RPC endpoints in Infura and MetaMask and Infura. Currently, the Linea mainnet has reached 6325 ETH with a total of 28982 transactions and 26789 interacting addresses.

Holograph (Dapp): Holograph is a full-chain NFT protocol that allows seamless transfer of NFTs between blockchains without wrapping. LayerZero will provide support for Holograph as a cross-chain messaging solution.

zkSync Era (Dapp): zkSync Era announced the launch of a new proof system upgrade called Boojum, which will help the network transition to a STARK-supported proof system. The team stated that Boojum is an important step towards the decentralization of the validator. The recent NFT airdrop events have attracted a lot of attention and increased the on-chain interaction activity of zkSync.

3. Hot Searches

XRP (Token): XRP won a lawsuit against the SEC last week. The Southern District of New York Federal Court ruled that XRP itself is not a security, but the sale of XRP by Ripple constitutes an unregistered investment contract offer and sale. The token price has seen a significant increase, and platforms like Binance.US, Coinbase, and Kraken Pro have started listing XRP.

RDNT (Token): Recent positive news has benefited the project, including the completion of the second snapshot for the proposal "RFP-18: Radiant DAO Treasury ARB Allocation Strategy." Users who meet the requirements are eligible to share 1.3 million ARB tokens. Binance Labs, the venture capital department of Binance, has invested $10 million in the cross-chain lending protocol Radiant Capital. The token price has seen an increase of over 15%, indicating good popularity.

TON (Token): Recently, Pavel Durov, the founder of Telegram, stated in his personal Telegram channel that the monthly active users of Telegram have exceeded 800 million, with over 2.5 million new registered users daily. He personally holds some Bitcoin and Toncoin. On the other hand, the market performance of the Telegram Bot sector has been impressive, leading to significant capital inflows into TON. TON is currently appearing in the rankings of multiple market websites.

LINK (Token): Chainlink, a provider of decentralized oracle networks, has announced the launch of the Cross-Chain Interoperability Protocol (CCIP). It is a technology designed to connect applications on public and private blockchains and has been deployed on the Avalanche, Ethereum, Optimism (now renamed OP Mainnet), and Polygon mainnets. The synthetic asset protocol Synthetix is using CCIP to enable seamless cross-chain token transfers through a highly secure burn and mint model, opening up new possibilities for cross-chain transactions. LINK has risen by 15% in the past 24 hours.

The Bitget Research Institute focuses on "focusing on on-chain data and exploring valuable assets." By monitoring on-chain data and regional trending topics, it discovers cutting-edge value investments and provides institutional-grade insights for cryptocurrency enthusiasts. So far, it has provided Bitget global users with early-stage valuable assets in popular sectors such as Arbitrum Ecosystem, AI Ecosystem, and SHIB Ecosystem, creating better wealth effects for Bitget global users through data-driven in-depth research.

[Disclaimer] The market carries risks, and investments should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment decisions based on this article are made at one's own risk.