Onchain Challenge Phase 30: When Incentives Reveal the Market’s True Mood

The crypto ecosystem is going through an interesting moment: faster rotations, a renewed risk-on attitude, and on-chain activity finally breathing again.
In the middle of all this, Bitget has launched Phase 30 of its Onchain Challenge, with 120,000 BGB up for grabs and up to 1,500 BGB per user.

This kind of initiative often flies under the radar, but for those who watch the market closely, it’s an important signal:
when platforms ramp up incentives, it usually means they’re trying to capture a flow that’s waking up… or about to.

The eligible tokens — a mix of memecoins and community-driven projects — reflect the current mindset perfectly: fast speculation, micro-narratives, and traders trying to front-run the next move.

You can love or hate the model, but one thing is clear: on-chain incentives have become strategic again, both for attracting traders and for measuring real market depth.

Phase 30 lands at exactly the right moment:
– a volatile but energetic market,
– more aggressive trading behavior,
– and renewed activity on micro-cap assets.

It’s not just a campaign — it’s a thermometer.