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


Markets

'Pepe the Frog' Meme Coins Rocket as Crypto Twitter Moves Over Dogecoin Obsession

Some early users have turned a few hundred dollars to six figures on the latest meme obsession.

Pepe the Frog (PepeCoin's Twitter account)

Finance

Kyber Network Advises Liquidity Providers to Withdraw Funds Amid Vulnerability, Token Drops 2%

Kyber's Elastic product's total value locked has plunged to $61 million from $108 million a day earlier.

Hacker (Towfiqu Barbhuiya/Unsplash)

Consensus Magazine

Nansen Makes Sense of On-Chain Activity

Being able to spot trends in on-chain transactions gives users insight and information to navigate the cryptocurrency financial system. Making transparency practical is why Nansen is one of CoinDesk’s Projects to Watch 2023.

(Rachel Sun/CoinDesk)

Markets

Space ID Tokens Wow Investors Weeks After Binance Launchpad Sale

The price of ID tokens has almost doubled in the past week.

(Unsplash)

Markets

Ether’s Strong Price Action May Continue Until End of Month: Coinbase

One reason why ether is appreciating is because of its relative underperformance versus bitcoin so far this year, the exchange said.

Gráfico semanal de precios de ether. (Datos de CoinDesk)

Finance

Attractive Yields Drive Millions Into DeFi Liquidity Manager Gamma

The protocol's native token has risen to 33 cents from a low of 7 cents this year.

(Defillama)

Tech

Over 1M Ether Withdrawn After Shapella Fails to Dent Risk Appetite

Some traders are restaking the ether withdrawn since the Shapella upgrade, quashing bearish price forecasts.

(Micheile/Unsplash)

Finance

Avalanche Surges to 6-Month High in Daily Active Addresses

The spike coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.”

(Artemis)

Finance

Elon Musk Tweet Spurs 7% Aptos Price Surge

APT quickly retraced the entire move after Musk deleted a tweet saying, "AI APT OTT!"

APT price movement (Cryptowatch)

Tech

Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value

More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.

(Mufid Majnun/Unsplash)