Huobi Blockchain Big Data Weekly Insights Vol.8

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

Abstract

New Data Included: Watchers, Commits and Releases on GitHub

• On-Blockchain Data:

This week, the number of active Bitcoin addresses dropped from 3.52 to 3.51 million，of which the number of new addresses increased from 1.37 to 1.41 million, and the number of reactivated addresses decreased 110,000 to 1.48 million. There were 4 extra-large transactions (each worth 10,000 BTC) and 398 large transactions on BTC network this week. The total volume of transactions worth between 10 and 100 BTC accounted for 32.1% of all BTC transactions (33.9% last week). There were two top 30 Bitcoin addresses with significant change in balance, including 1 net inflow and 1 net outflow.

The number of active address in ETH increased 12.1% from 1.565 to 1.754 million. The overall transaction fee decreased from 11,000 to 9,000 ETH, and average transaction fee decreased 19% to 0.0017 ETH this week, the lowest in two months. Concentration of wealth on ETH network increased slightly. There were two extra-large transaction on ETH network this week, which is a transaction between two Bitfinex cold wallets. Among the top trending ERC20 Tokens, the wealth concentration of VEN and ICON increased slightly this week.

• Social Media Data:

BTC, ETH, and EOS continued to be the top trending cryptocurrencies in China, while BTC, ETH, and Ripple continued to be the top trending cryptocurrencies overseas. In the Events category, “Risk”, “Smart Contracts” and “Public Chain” were the hottest words in China, while “Bot”, “Community” and “Mining” were the hottest overseas; in the Exchange and KOL category, “Huobi”, “OKEX” and “Fcoin” were the hottest in China, while “Coinbase”, “Binance” and “Vitalik” were the hottest overseas.

BTC, ETH and EOS are the most active projects on GitHub with the most accumulated stars, watchers and forks; ETH, BTC, and Cardano are the projects with the most commits; ETH, Ripple, and Litecoin are the project with the most releases.

• Market Trading Data:

The price of top 10 Cryptocurrencies experienced decrease to various degrees, with Cardano receiving the biggest decrease of 16.4% and IOTA receiving the smallest of 3.5% in their respective prices. In terms of price volatility, Ripple had the lowest volatility rateof 0.0022 s.d. while Stellar had the largest volatility rate of 0.0062 s.d. Turnover of Cryptocurrencies increased significantly compared to last week, with EOS having the largest turnover of 78%. ETH/Ripple, Carnado/EOS, Carnado/ETH had the highest correlation in price this week, while BCH/IOTA and BTC/IOTA had the lowest correlation in price this week.

Download the Full Report: