BAGS revenue jumps to second place on Solana: A quick overview of essential toolsRecommended Articles

作者｜南栀（ @Assassin_Malvo )

Last week, the meme platform BAGS emerged as a rising star. This platform, which allows token transaction fees to be transferred to a designated account named X, initially gained the approval of Chris, the creator of Nyan Cat. The market value of the related token NYAN briefly exceeded $10 million, triggering an initial wave of attention (Odaily Note: The “Nyan Cat” video has accumulated over 200 million views on YouTube, ranking among the top five most-viewed videos in 2011) .

Later, BAGS founder FINN used BTH (Buy The Hat) transaction fees to purchase a WIF prototype hat for 6.8 BTC, hinting at the possibility of converting BTH into the platform token. Since then, the Bags platform’s popularity has skyrocketed, with BTH’s market capitalization peaking at nearly $18 million. Various “charity” and “influencer” campaigns have emerged. On-chain data shows that BAGS’s fee revenue has surpassed BONK to rank second on Solana.

Transactions on the BAGS platform typically follow three stages: “proposing a concept and issuing tokens” (e.g., selecting a charity account or artist) , “receiving tokens,” and “posting a thank-you message.” These are also three clear points of contention. Therefore, in addition to conventional new token chain scanning tools, other information tools have emerged, which Odaily Planet Daily will review in this article.

New coin chain sweep

The chain scanning function of mainstream trading bots, including GMGN 和 Axiom , already supports BAGS, but the display effect of “handling fee recipients” is relatively mediocre. BAGS officially launched the automatic publishing X account @LaunchOnBags, which can easily display the handling fee share ratio and recipients of newly launched tokens.

Handling fee collection

Official Account

Regarding fee claiming, the official account @BagsClaimBot has also been launched. However, it should be noted that this account has a very high reporting delay, often ranging from several minutes to over ten minutes, and its reporting is selective, not triggering all claiming events. However, tokens associated with well-known figures often experience a surge in value after this account’s announcement, despite the over ten minute delay .

other

Currently, free public tools also include the Telegram channel ” Bags Fee Claim Monitoring ” developed by @muskguang. This channel can timely monitor all fee collection behaviors and display relevant account data. However, since some accounts collect fees for a long time and frequently, there are many interfering messages, and users need to identify which are the key collection behaviors.

Unclaimed Fees Dashboard

The more fees outstanding, the more likely the recipient is to claim them. Therefore, the fee balance for each token is a key metric, which can be viewed through the bagscreener . For example, in the image below, you can see that Nyan Cat has claimed all of her fees, while Team Water still has approximately 880 SOL to claim.

This article is sourced from the internet: BAGS revenue jumps to second place on Solana: A quick overview of essential toolsRecommended Articles

Related: From being sued by the SEC to being the bell ringer on Wall Street, the amazing Gates grandson performs the Game of Thro

Original | Odaily Planet Daily ( @OdailyChina ) Author | Dingdang ( @XiaMiPP ) On July 24, Eastern Time, the crypto world will usher in a landmark moment: Tron Inc. (NASDAQ: TRON) will ring the opening bell at the Nasdaq Exchange in Times Square, New York. This operation of entering the mainstream capital market through a reverse merger not only allows Tron to officially enter the American financial arena, but also allows its global advisor Justin Sun to dramatically stand on the core stage of Wall Street. Sun Yuchen, who was almost shut out of the US market three years ago due to the SECs lawsuit, returned to New York as the Nasdaq bell ringer. This wall-breaking action across the crypto circle and traditional finance not only announced that Tron…