25 Data-driven Insights Shared on Crypto Twitter this Week-end
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Bitcoin: Hash Rate breaking out. Source: @caprioleio
BTC's address activity calmed after a nice week of bullish divergence. Source: Santiment
BTC's rise above $12,400 in August saw the Net Profit/Loss Indicator reach a high of 0.61, briefly entering the Belief-Denial zone. Source: Interdax
Bitcoin's volatility has gradually declined over time, similar to a traditional financial asset. Source: @samchepal
Despite Black Thursday's aggressive move, BTC has seen wilder days in its past. This isn't to say crypto today isn't volatile - it's just less volatile than before.
Bitcoin’s velocity continues low, and that’s not necessarily a bullish signal. In a 30-min webinar on Tuesday, Sept. 15, we’ll discuss why that is. Source: CoinDesk
Currently, almost 10% of all Bitcoin miner fees are spent on transactions that deposit $BTC to centralized exchanges. This is a 2x increase since the beginning of the year, and levels we haven't seen since late 2017. Source: Glassnode
BTC trading into USDT increased 16% in August to 6.25mn BTC vs 5.41mn BTC in July. Trading into USD and JPY also increased to 1.28mn BTC (up 21%) and 1.12mn BTC (up 26%) respectively. Source: CryptoCompare
Ethereum: Almost $1b of BTC on Ethereum. Source: @panekkkk
In spite of Ethereum’s rising network congestion, its lead in terms of price performance is uncontested among other smart contract blockchains such as Tron, Tezos and EOS. Source: CoinDesk
Smart Contract Launches near ATH. Source: TrustNodes
Ethereum's High-Risk Transaction Volumes In Q2 2020, the transaction volume surpassed $270M which was mainly driven by HEX. Surprisingly, the transaction volume of Jul and Aug 2020 combined equals $343M which is 26% higher than all of Q2 2020. Source: DappRadar
DeFi:
What is the total dollar value flowing through the protocol? Source: Token Terminal
What is the (fixed or weighted avg.) fee rate that the protocol charges on its GMV?
How much revenue is the protocol generating?
How is the protocol valued in relation to its revenues?
It only took 9 days for Swerve to flip Curve in total USD liquidity. Source: @ValueMaximalist
At first glance there appears to be a great relative valuation play here with liquidity being similar but valuation being dramatically different.
$REP social volume is at a ~3-week high with this +8.6% decoupling from $BTC. Source: Santiment
Source: Dapp.com
DEX: Volume skyrocket leading by Uniswap. Source: CryptoDiffer
CEX: It takes an average of 3 days for a project to get listed on @Coinbase after Coinbase pro listing. Source: Coin98
Dapp Games: The top 5 dapp games ranked by volume have accumulated over $639,310 in the last 7 days. Source: DappRadar
Over 95% of all derivative futures volume for crypto assets comes from exchanges based in Asia. Source: @bvventures
Thank you!