Huobi Blockchain Big Data Weekly Insights Vol. 6

All data in this report was captured and analyzed by Huobi Research; please cite the source “Huobi Data Analytics Weekly” for reference.

New data included:  Change in Balance of Top 30 Bitcoin Address, Change in Balance of Top 30 Ethereum Address.

Abstract

• On-Blockchain Data:

The number of active Bitcoin addresses rose significantly this week from 3.18 million to 4.21 million, the highest since May. The concentration of wealth on BTC network decreased slightly this week. The number of large transactions on BTC network this week decreased drastically from 841 to 400. The total volume of transactions worth between 100 and 1,000 BTC accounted for 30.8% of all BTC transactions this week. There were four addresses with a significant change in balance Four among all top 30 Bitcoin addresses this week, all of which were BTC inflows.

The number of active address in ETH rebounded after a sharp decline in the previous two weeks from 1.09 to 1.21 million. The overall ETH transaction volume dropped by 15% to 9.22 million ETH, falling consecutively for four weeks. The total number of transactions increased 6.4% to 4.14 million. The overall transaction fee decreased to 22,000 ETH, and average transaction fee was 0.0053 ETH this week. Concentration of wealth on ETH network increased drastically. There was no extra-large transaction on ETH network. The overall volume of transactions worth over 10,000 ETH decreased slightly, but the overall volume of transactions worth less than 10,000 ETH increased compared to last week.

• Social Media Data:

BTC, ETH, and EOS were the top trending cryptocurrencies in China and overseas. in the Events category, “Risk”, “Ecosystem” and “Regulation” were the hottest words in China, while “Bot”, “Decentralized” and “Community” were the hottest overseas; in the Exchange and KOL category, “Huobi”, “OKEX” and “Li Xiaolai” were the hottest in China, while “Coinbase”, “Binance” and “HitBTC” were the hottest overseas. BTC, ETH and EOS were the most active projects on GitHub with the most added and accumulated Stars and Forks. Search trend for Cryptocurrency and Blockchain related keywords have experienced a decrease on Google, remained the same on Baidu, and experienced increase on Baidu. In general, there was an increasing focus on “Blockchain” across all three platforms.

• Market Trading Data:

The price of all top 10 crypto assets experienced an obvious bounce, with EOS having the biggest increase in the price of 20.1%. In terms of price volatility, BTC has the smallest volatility of 0.0016 s.d. while Stellar has the largest volatility of 0.0067 s.d. EOS had the largest increase in turnover of 52%. There was a high correlation between all top 10 Cryptocurrencies this week, with the price of BTC/Ripple and ETH/IOTA having the largest correlations.

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