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

Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation

Analysts said it is an attempt to incentivize liquidity to FraxLend's pool from where Egorov has taken a loan of 15.8 million FRAX.

Curve's new pool dedicated to Fraxlend's CRV/FRAX market (Curve)

Markets

Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?

On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days.

Despite claims by right-wing political figures, Sam Bankman-Fried was definitely not a free man when he (right) exited a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)

Markets

Trader Turns $500 to Million-Dollar Fortune With BALD Meme Coin on Coinbase’s Blockchain

A meme coin frenzy has ensued on Coinbase’s layer 2 blockchain even as the network is not officially live yet.

hand holding $20 bill in front of trees

Finance

Memecoin-Focused Crypto Casino Coco Makes a Cracking Debut, Hits $36M in Volume

The casino features a slot machine focused on dogecoin and pepe.

dogecoin/pepe slot machine (Coco Bets)

Finance

Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Worldcoin's token has more than 250,000 holders just two days after it launched.

A user from GCR getting their iris scanned with a Worldcoin Orb in Paris on July 21. (Eliza Gkritsi/CoinDesk)

Finance

Trader Redeems $12.3M of Rocketpool's Staked Ether to Mark Largest Daily Burn

The trader reportedly sent the ether to Binance after redeeming staked ether on Rocket Pool.

Trader redeems 6.72k ETH from Rocket Pool (Elena Mozhvilo/Unsplash)

Tech

Sui Foundation Bins MovEx After Violation of SUI Token Lockup Schedule

MovEx had violated the lockup by initiating three transactions of 625K SUI to three unique wallets, sparking concerns around these excess tokens in the open market.

Sui Foundation sacks MovEx after token unlock violation (Matt Smart/Unsplash)

Finance

DeFi Daily Volume Dwindles to 7-Month Lows as Sector Endures Downswing

Sunday marked the lowest daily volume across DeFi since the turn of the year.

TVL drops across DeFi (DefiLlama)

Finance

Optimism Tokens Worth $36M to Be Unlocked on Sunday; OP Slides 3.5%

Before the previous unlock, the token plunged more than 10% before recovering on the day.

Optimism token unlock schedule (token.unlocks.app)

Markets

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

A bunch of actual hamsters are racing on a new platform, and returns-starved traders are placing BUSD-based bets on who wins.

Hamster racing appears to be the new craze for the crypto community. (Catherine Falls Commercial/Gettyimages)