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Huobi Academy of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
This week, the market cap and 24h trading volume of cryptocurrency have both dropped. The market cap of 69 items in Top100 assets has declined to varying degrees. On May 20, the total market cap of the TOP100 cryptocurrencies decreased to $359.09 billion, a 2.58% decrease from the previous week. Also, the market cap of 69 items in TOP100 cryptocurrencies have decreased to varying degrees. 24h total market trading volume decreased by 32.07% compared to that of the previous week. CMT and KIN are top performers of the week, whose market cap ranking stepped forward by 13 and 15 respectively, all entering the TOP100. Bitcoin was at $8282.89, down 2.50% from the previous week, and Ethereum was at $706.27, up 2.99% from last week.
Unconfirmed transactions number in Bitcoin hugely decreased by 37.1%. Ethereum’s average unconfirmed transaction decreased by 29.5%. The 7 days averaged number of unconfirmed transactions in Bitcoin and Ethereum was 2821 and 20,900. Bitcoin hashrate increased by 1.63%, and Ethereum’s hashrate decreased by 1.6%. The average daily transaction fee for Bitcoin and Ethreum was $1.321 and $0.553, which increase 4.8% and 14.73% respectively from last week. The total number of blockchain and Ethereum addresses reached 24.83 million, and 34.24 million.
The EOS code has the highest level of activity. SKYFchain has become the focus of attention on telegram. Github code reached 175 commits this week. In terms of community activity, homepages of Bitcoin, Ethereum, and Ripple (XRP) ranked top three on Facebook; The top three projects on Twitter are Ripple, Bitcoin, and Ethereum; and SKYFchain attracted the most attention on telegram, with DateCoin being the fastest-growing project in the past 24 hours.
New digital assets fundraising this week mostly come from the Singapore, with blockchain infrastructure projects capturing most of the market attention. 45 new digital asset projects finalized the public funding process, most of them were from the Singapore, Germany, and the US, which focus on blockchain infrastructure area, followed by finance, real estate, culture and entertainment etc. Among 7 fundraising projects in the blockchain area that we followed, Circle Internet financial was the biggest one, who recently raised a $110 million in Series E Financing.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 11 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!
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