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💰 Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago.
Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago — link
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🥇 The new whales' initial investment in Bitcoin is almost twice the old whales' cumulative total
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💰 Over 13,000 Bitcoin have been taken off Coinbase today! 🚀
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💰 Bitcoin ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners: BBG
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💰 Bitcoin ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young.
Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+ being commonplace. The current market has seen just two ~10%+ corrections since the ATH was broken.
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💰 At the end of March, BTC's 30-day realized volatility hit a peak of 83%, a level not seen since November 2022.
Since late February, volatility has consistently exceeded that of ETH, with the gap between the two assets reaching its highest level since December 2019 — link
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🔵 Coinbase generated over $20M in revenue from Base in March '24 — link
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🪙 ETH continues to display weakness compared to 💰 BTC, with the ETH/BTC ratio declining to 0.0485, its lowest since April 2021 — link
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📊 Crypto exchange monthly spot volume doubled in March, reaching nearly $2.5 trillion for first time since 2021 — link
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💰 BASE IS BOOMING 🚀
Daily transactions : 3 Million
Avg Block Time : 2s
Gas Fees : $0.01
Wallet Addresses : 75 Million
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💰 Bitcoin surpassed Ethereum in monthly NFT sales volume — link
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💰 Since their inception, Bitcoin ETFs have brought in an average of $213M per day — link
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💰 The US Bitcoin ETFs currently hold 4.25% of total circulating supply — link
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💰 Yesterday, Bitcoin spot ETFs saw $113.5m net inflows — link
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🪙 Lead by Uniswap, DeFi transactions on Base have gone from 25% to almost 70% in the past month — link
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💰 Solana DeFi TVL increased by 232% QoQ to $4.9 billion, ranking it fourth among networks.
Lending and yield protocol Kamino jumped from Solana’s fourth largest to the top DeFi protocol by TVL. Its lending protocol ended the quarter with almost $1.3B in TVL, an 811% QoQ increase — link
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📊 TVL on programmable Bitcoin layers increased 127% QoQ — link
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🪙 The Uniswap Labs fee switch has turned out be lucrative, generating over $1M in fees in some recent weeks — link
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💰 Bitcoin markets have seen a surge in spot trade volume since the US Spot ETFs went live in early January 2024. As the market reached the $73k ATH in mid-March, daily volumes recorded a peak of ~$14.1B.
This magnitude of spot trade volume is equivalent to the height of the 2020-2021 bull market, although it has started to cool down in recent weeks, currently at $7B/day.
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📊 Strong trading volumes on Synthetix continued in the first quarter of 2024 with over $11 billion in volume for the fourth consecutive quarter — link
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📊 Meme tokens have experienced significant gains in Q1, with weekly trade volume hitting a multi-year high of nearly $80 billion in early March — link
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🏦 Coinbase is becoming increasingly dominant in the US crypto trading market. In just a year, its market share rose from 38% to 55% — link
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📊 In Q1 2024 the dapp industry saw an increase of 77% in its usage, in comparison to the previous quarter, reaching 7 million daily Unique Active Wallets — link
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🪙 Ethereum's new token listings dropped to 2%, while Solana and Base captured 43% and 38% market share, respectively — link
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💰 On-chain data shows about 1.876 million Bitcoin, or 9.5% of the total supply, have been acquired above $60,000 level
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💰 Dune data shows that a record 76% of all transactions on Solana are failing as of April 5 — link
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🔵 The cost of making an ETH transfer on Base has fallen ~78% since they began making gas target upgrades last week — link
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💰 Bitcoin closed Q1 up 64%, its third best quarter over the past three years — link
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📊 The total value locked (TVL) in onchain derivatives has reached new all time highs at $3.4B, even as the broader DeFi TVL remains approximately 50% off of its previous cycle peak — link
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