We select these 3 tokens based on two analytics - project fundamental analytics and token technical analytics.
FTT
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New holders coming in
90d token holders +93.77%, which means that a large number of new users have bought and hold FTT in the past 90 days.
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Active on-chain transaction
Both FTT active address (+64.62%) and transfer (+101.53%) increased significantly in the past 90d, which means users are actively doing transactions with FTT or providing FTT liquidity for staking or doing other transfer actions.
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Price correlation
We can see from the above graph that FTT token price is highly correlated with its activity - active address and transaction. When the active address (844) and transaction (3,405) reach ATH, the FTT token reaches the price ATH on the next day at $80.49.
ALPACA
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Outstanding growth in project fundamental data
Alpaca Finance 30d volume ranks No.1 among all financial projects. The transaction volume of Alpaca Finance is twice that of the No. 2 Venus Protocol.
Its deposit volume was +172.84% in the past 90d.
Holder amount has a steady growth in the past 90d from 37,395 to 51,868.
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ALPACA token transaction activity is not positive.
We can see from the above two graphs that the ALPACA token price is highly correlated with its token active address data and transfer data. However, its active address is only +1.3%, and the transfer count is negative growth of 27.02%.
Alpaca Finance fundamental data growth may drive up its token usage to boost its token on-chain activity. We need to continue monitoring the active address and transfer data to know the ongoing trend.
CAKE
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Outstanding growth in project fundamental data
PancakeSwap is the only one among the top 8 DEXs with positive growth in users, transaction, and volume in the past 30d.
PancakeSwap trader starts to grow on 12th July, together with $cake price. The Fees Earn by Pancake Treasury also has a steady increase since then.
90d token holders +75.11%, which means that a large number of new users have bought and hold CAKE in the past 90 days. A very steady growth in holders amount.
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CAKE token transaction activity is not positive
CAKE active address is negative growth of 18.49%. The on-chain activity of CAKE token is not very positive.
PancakeSwap fundamental data growth may drive up its token usage to boost its token on-chain activity. We need to continue monitoring the data to know the ongoing trend.
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