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

Glassnode Estimates $300M Ether May Be Sold After Shanghai Upgrade

Two major Ethereum network upgrades that are expected to occur simultaneously on April 12 will allow investors to withdraw their ether staked on the Ethereum blockchain.

(Alexander Gray/Unsplash)

Markets

Trading Firm Sees Bullish Signs as Bitcoin Open Interest Surges to Highest Level Since FTX Crash

A rise in open interest shows more participation from crypto traders and a bullish market sentiment, a trading firm said.

(PeggyMarco/Pixabay)

Markets

Bitcoin Cracks $30K, but for How Long?

While bullish and bearish narratives collide, balances on exchanges may provide the most telling clues.

(Getty Images)

Finance

Lending Platform Maple Prepares New U.S. Treasury Pool; MPL Token Rises 23%

Maple’s pool will allow accredited investors and corporate treasuries based outside of the U.S. to invest in U.S. Treasury bonds on-chain, CEO Sid Powell said in a community call.

(Unsplash)

Tech

Cardano Developer IOG Releases Lace Wallet, Boosting ADA Ecosystem

Users can stake ADA tokens directly from Lace to contribute to the security of the Cardano network and receive rewards for their participation.

(DALL-E/CoinDesk)

Tech

Shiba Inu's Metaverse Will Partially Open by End of 2023, Developers Say

The metaverse is unlikely to be fully completed on release as it will be an “ongoing project,” developers said.

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Markets

Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K

Over $145 million in short positions against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

BBitcoin faces headwinds (Pixabay)

Finance

ROOK Token Surges Ahead of $50M Treasury Split Between Community and MEV Tech Builders

A proposal would divvy up Rook’s nearly $50 million crypto treasury between Rook Labs, which builds MEV technology, and the new Incubator DAO.

(DALL-E/CoinDesk)

Tech

Sushi DEX Recovers 100 Ether After Millions Lost on Weekend Exploit

‘White hat’ hackers are working to recover more of the stolen funds as of Monday.

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Finance

High Ether Yields Drive $50M to DeFi Protocol Pendle Finance

The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.

Red arrows moving upon wooden blocks, Business concept Growth, Conceptual Business Finance Growth (Sakchai Vongsasiripat)