[Vol.5] Market cap rebounded slightly and transaction volume continued to decline

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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.

Abstract

The market cap of cryptocurrencies rebounded slightly this week, and the transaction volume continued to decline. On April 8, the total market cap of the TOP100 cryptocurrencies was 250.66 billion U.S. dollars, a slight increase of 0.84% from last week. 9 projects rose by more than 20% from last week's market cap and only 2 projects had a decline of more than 20%. 24h trading volume fell by 0.04% compared with the same period of last week, and 8 projects dropped more than 50%. Particl, WAX and Storj performed well this week, with the market cap rankings rising by 15, 29 and 8, respectively, all entering the TOP100. Bitcoin was traded at 6972.93 US dollars, slightly higher than last week by 1.12%, price of Ethereum was 389.49 US dollars, slightly down 0.09% from last week.

This week, the mining reward of Ethereum rose 9.09%. The average hashrate increased this week, but the average mining difficulty of Ethereum droped by 1.52%. Bitcoin's mining reward declined by 0.47%, and Ethereum's mining returns increased by 9.09%. In terms of pool distribution, ViaBTC increased 2.6% in share and returned to third place this week, and the remaining pool distibution ranks are stable.

The activity of Bitcoin Network and Ethereum Network declined, and the number of new Ethereum addresses increased by 30.04%. This week, the average number of transactions and average size of blocks in Bitcoin and Ethereum network all decreased slightly. Unconfirmed transactions of Bitcoin increased from the previous weekend, and transaction fee rose by 6.83%; Ethereum’s unconfirmed transactions number this week was up to 12990, and the transaction fee had a sharp drop of 27.9% compared to last week. The total number of the blockchain addresses reached 24.07 million, and the total number of Ethereum addresses reached 30.65 million, an increase of 30.04% from the previous week's new addresses. In addition, the number of Bitcoin nodes in China declined slightly this week. The EOS’ activity in the github code this week remained first, reaching 175 commits. The number of top3 community fans remains unchanged, and Modex had most new fans in telegram group, with 10,263 new fans added within 24 hours.

New digital assets are mostly distributed in the United States and Estonia this week, and blockchain finance is the main application area. There are a total of 35 new digital asset projects that have completed public financing this week, showing a slump in project number from last week. According to the country, the projects are mostly come from United States and Estonia, followed are Singapore and Germany. The largest number of newly released projects is in the filed of blockchain finance, followed by infrastructure, social, culture and entertainment and so on.

For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 5 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!