0xScope Newsletter #23: Scopechat Beta Goes Live
Also: 0xScope's analysis on token unlocks, Smart Money, Web3 hot trends, and more.
Scopechat Beta Goes Live
Scopechat Beta has been launched for the first 50,000 Early Access users. Thanks to everyone who supported the launch of our AI-powered Web3 assistant on December 12. You still have time to join the Scopechat waitlist ahead of a wider launch coming soon.
Scopechat comes with an Explore mode, where you can search for various information about Web3 tokens, projects, wallets, rankings, and more. Watch this video to learn more:
Research
DeFi, Bitcoin ecosystem tokens shine profit-wise
DeFi token Synthetix brings an average of $45,000 in profits to Smart Money addresses, which also benefited from the rising momentum from Bitcoin ecosystem projects Multibit and BitStable. Read more here.
Web3 TVL grows by $7.3B after Bitcoin's $40K reentry
During a very bullish week for Web3, Ethereum, Avalanche, and Cardano are among the top TVL gainers, while 3 Solana projects see above-100% TVL growth, and TinyTap expanded by 240,000 users in just 2 weeks. More trends here.
On-chain Data
OKX, Binance, Kucoin, Bybit show healthy asset growth
This week, assets on various exchanges have generally increased. Binance's assets continue to rise by 1.43%, reaching $79.7B and surpassing the total assets of all other exchanges. Following closely, Kucoin, Bybit, and OKX have experienced significant increases of 8.22%, 2.94%, and 2.67%, respectively. The poorest performer this week is Huobi, with a total value decline of 6.29%.
Token cliff unlocks for APE and CYBER next week
In the upcoming week, you should pay attention to the unlocking of APE tokens, which is scheduled to occur in 3 days, with a value of 27.93M APE tokens, accounting for approximately 4.23% of the current total circulation. Following closely is the imminent unlocking of CYBER, with tokens worth 8.02M (8.51% of the circulating supply).
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcement
Answer the Scopechat Survey
Now that Scopechat has launched its beta version and is nearing full launch, we want you to tell us what you are expecting from our upcoming Web3 AI assistant. Simply answer this five-question survey and make an impact on the future of exploring Web3.
Take the Scopechat survey here.
Be the next Scopescan Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a Scopescan Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Scopescan Community Highlights This Week
Quick Bites
Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020 - LINK
El Salvador’s $1bn volcano-powered Bitcoin bonds greenlit for launch in early 2024 - LINK
Total value of Cardano DeFi ecosystem nears $450M amid Layer 1 push - LINK
ARK sells $42.6M Coinbase shares as COIN hits 20-month high - LINK
KuCoin agrees to ban New York residents and pay $22 million settlement - LINK
Welcome