On-chain Data

On-Chain Data refers to the information stored on a blockchain network, which encompasses various aspects of the cryptocurrency ecosystem. It includes data related to individuals involved in the crypto space, companies operating in the industry, protocols governing blockchain networks, and crypto exchanges facilitating the buying and selling of digital assets. This comprehensive dataset provides valuable insights into the activities and trends within the cryptocurrency market. For individuals, on-chain data allows for the analysis of their transactions, addresses, and holdings, providing transparency and accountability. Companies can utilize this data to assess market demand, track supply chains, and enhance operational efficiency. Protocols, on the other hand, rely on on-chain data to validate and record transactions, ensuring the integrity and security of the blockchain network. Crypto exchanges heavily rely on on-chain data to facilitate trading, verify transactions, and maintain accurate records of digital asset ownership. This information is crucial for investors and traders to make informed decisions and understand market dynamics.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


Finance

DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers

The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Tech

Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade

The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain.

(Markus Winkler/Unsplash, modified by CoinDesk)

Markets

Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four

The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand.

Lending money handing over paying cash (Shutterstock)

Markets

Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace

As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.

(Jeppe Hove Jensen/Unsplash)

Tech

Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish

Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.

(Getty Images)

Tech

Aave DAO Passes Proposal to Deploy on Ethereum Layer 2 Metis Network

The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.

Aave is the Finnish word for ghost (Metis)

Markets

Bitcoin, Ether Decouple From Stocks: What's Next for Crypto After Fed Rate Hike?

The recent decoupling indicates the assets will trade on their own merits.

(Getty Images)

Finance

PEPE Meme Coin Liquidity Pool Becomes Most Active on Uniswap

The new token based on “pepe the frog” meme remains one of the most researched tokens for users of blockchain analytics firm Nansen and price tracker CoinGecko.

Pepe the Frog (PepeCoin's Twitter account)

Finance

Sui Mainnet Goes Live as Crypto Project Takes on Aptos and DeFi Giants

The much-awaited Aptos rival put its hundreds of million in VC funding to the test during its mainnet launch, and struggled with speed and decentralization.

Red Sui. (explorer.sui.io)

Markets

Bitcoin, Ether Rise Sharply Immediately Following JOLTS Jobs Data

The two largest cryptocurrencies by market capitalization reacted positively to a reduction in job openings

(Getty Images)