🪙 Bitcoin's inscription activity up 48.1% QoQ during Q3'23 — link
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📊 Ethereum and Solana experienced significant growth in active addresses recently: ~30k for Ethereum and ~100k for Solana — link
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💰 The Bitcoin Illiquid Supply metric, which measures the amount of supply held in wallets with minimal history of spending is at an ATH of 15.4M BTC — link
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🖼 Blue-chip NFT collections saw an 18% MoM surge in market cap, jumping from $1.72B to $2.03B, Sept to Oct — link
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🪙 Discount on Grayscale Ethereum Trust (ETHE) has narrowed to -13.95%
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📊 Among all rollup technologies, it is observable that optimistic rollups were the only type that had positive net cumulate bridge flows YTD. Optimistic rollups saw $2.2b in net inflows, while zk-rollups and other technologies saw outflows of $101m and $393m respectively — link
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🏦 Coinbase, the largest U.S. exchange by market share, has failed to benefit from the demise of Binance.US, with its market share oscillating around 55% since May.
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📈Yobit dominates the #ZEC market with around $600mn trade volume in October, up from $400mn a year ago.
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Not a week goes by without interesting news about the Sundae project.
After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:
"Ice cream is one of the great joys of life."
It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.
We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.
So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?
The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.
The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.
The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."
One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!"
📊 MAPS and OXY volume (and price) began to skyrocket on FTX, shortly after Caroline Ellison reportedly confirmed that Alameda would increase its TWAP purchases.
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🪙 Solana saw a 32% increase in total value locked (TVL) in October with positive price action and increased onchain activity — link
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📊 Maker's Spark protocol has hit a milestone of $1 billion in total value locked (TVL) within six months of its launch — link
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💰 Korea, the US and Switzerland are leading the growth in Bitcoin spot volumes — link
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📊 Despite having three times less trade volume than Coinbase among the tokens examined, Kraken’s liquidity as measured by 1% market depth has been slightly greater than Coinbase’s since April.
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📊 Blockchain investments hit $553M across 126 deals last month, signaling a 16% dip in funding and 20% fewer deals than September — link
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🪙 Tron's dominance of the stablecoin market has grown from 23% a year ago to 37.55% today — link
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💰 Bitcoin fees are once again surging, driven by the minting of Ordinals — link
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📊#ETH spot volumes surged to their highest level since the FTX collapse boosted by ETF excitement.
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🐴 Since Uniswap Labs interface fee implementation, the frontend has collected $631k in fees, indicating a potential annual revenue of over $15 million for Uniswap Labs — link
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🔻 Optimism's bedrock upgrade killed MEV sandwich bots activity thanks to its new 1559-style gas price market — link
@CryptoWorldAnalysis
📊 Among all rollup technologies, it is observable that optimistic rollups were the only type that had positive net cumulate bridge flows YTD. Optimistic rollups saw $2.2b in net inflows, while zk-rollups and other technologies saw outflows of $101m and $393m respectively — link
@CryptoWorldAnalysis
💰 SOL net buying has been led by Coinbase, with a net of 2.2mn tokens market purchased since October 18, the start of the rally.
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💰 BTC’s 60-day correlation with traditional assets has weakened meaningfully this year, boosting its appeal as portfolio diversifier.
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💰 Altcoins market share against BTC hits highest since the July rally.
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