Huobi Blockchain Big Data Weekly Insights Vol.9

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

Abstract

• On-Blockchain Data:

This week, the number of active Bitcoin addresses decreased from 3.51 to 3.45 million，of which the number of new addresses decreased from 1.41 to 1.34 million, and the number of reactivated addresses increased slightly to 1.49 million. There were 1 extra-large transaction of 13,376 BTC on BTC network this week. The number of BTC transactions worth between 1,000-10,000 BTC increased from 398 to 1188, while the total volume these transactions accounted for 32.9% of the overall BTC transaction volume this week. There were four top 30 Bitcoin addresses with significant change in their respective balances, all of which were net BTC inflows.

The number of active address in ETH decreased 13.8% from 1.75 to 1.51 million. The overall transaction fee increased from 8948.3 ETH to 11589.3 ETH, and the average transaction fee increased 35.2% to 0.0023 ETH this week. Concentration of wealth on ETH network increased slightly. There was one extra-large transaction on ETH network this week. The transaction volume for extra-large transactions, larg trasnactions and other transactions all received decrease to various degrees.

• Social Media Data:

BTC, ETH, and EOS continued to be the top trending Cryptocurrencies in China, while BTC, ETH, and IOTA were top trending cryptocurrencies overseas. In the Events category, “Risk”, “Online” and “Ecosystem” were the hottest words in China, while “Bot”, “ETF” and “Technology” were the hottest words overseas; in the Exchange and KOL category, “Huobi”, “OKEX” and “Fcoin” were the hottest in China, while “Coinbase”, “Binance” and “McAfee” were the hottest overseas.

BTC, ETH and TRX were the top Cryptocurrencies projects that received the most stars and watchers in a week; ETH, BTC and EOS were the projects that received the most forks in a week; ETH, TRX and EOS were the projects with the most commits this week.

• Market Trading Data:

The price of top 10 Cryptocurrencies except for ETC experienced decrease to various degrees, with IOTA receiving the largest decrease of 23.8% and ETC receiving the largest increase of 3.5% in their respective prices. In terms of price volatility, BTC had the lowest volatility rate of 0.0025 s.d. while IOTA had the largest volatility rate of 0.0092 s.d. The turnovers of top 10 Cryptocurrencies had been similar to last week, except for ETC whose turnover has increased almost 200%. BTC/Stellar, BTC/BCH had the highest correlation in price, while ETC/BTC and ETC/Stellar had the lowest correlation in price this week.

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