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


Tech

Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap LP Positions on Arbitrum

With Unbound, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions.

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Tech

Locked Value on zkSync Era Climbs Past $100M

Ether and USD coin dominate locked tokens on the upstart network.

(Mufid Majnun/Unsplash)

Finance

Crypto Exchange Trader Joe Nears Launch of Upgraded Trading Engine

Liquidity Book V2.1 is intended to make it more efficient for depositors to add tokens to Trader Joe’s liquidity pools.

(Trader Joe)

Tech

Shiba Inu's Testnet 'Puppynet' Sees Rising Activity Ahead of Shibarium Mainnet

More than 700,000 transactions have been conducted on the test network so far, although that isn’t extremely large relative to the hype.

(Christal Yuen/Unsplash)

Finance

Solana-Based Crypto Exchange Raydium Proposes $2M Bug Bounty Fund

The proposal is part of a broader effort by Raydium to boost its community’s participation in protocol governance.

Decentralized exchange Raydium has proposed a bug bounty program. (CoinDesk)

Tech

BNB Chain-Based DEX Level Finance Votes on Transferring $200M to Treasury

A proposal that is supposed to end Friday has received 100% of votes in favor.

Level Finance is holding a vote among its community members on transferring $200 million in its LVL tokens to its treasury. (Shutterstock)

Finance

Crypto Exchange Trader Joe Booms on Arbitrum, Spurring JOE Token Rally

Key metrics began booming right after Trader Joe launched a liquidity incentives program to boost deposits.

(Arbitrum)

Markets

Binance’s On-Chain Balance Stands at $64B, Nansen Data Shows

Tether (USDT), bitcoin (BTC), ether (ETH), binance USD (BUSD) and BNB coin (BNB) make up around 81% of Binance’s total balance.

Binance Logo (Danny Nelson/CoinDesk)

Tech

Safemoon LP Exploited for $8.9M; SFM Tokens Remain ‘Safe,' CEO Says

A publicly available token burn function in the contract allowed attackers to manipulate the protocol, some said.

(Zoltan Tasi/Unsplash, modified by CoinDesk)

Finance

AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi

AllianceBlock Data Tunnel users will be able to import Crunchbase data alongside DeFi data.

(Scott Graham/Unsplash)