Ultimate Cryptocurrency Market Data & Stats Compilation

Ultimate Cryptocurrency Market Data & Stats Compilation

By Rubikav® | Rubikav | 14 Jan 2020


Get Bitmex, Bybit, Derebit, and Binance trading signals and all market insights for free in our official telegram channel https://t.me/rubikaventures.

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Uniswap Transactional Fee Volume Rises

tradeblock.com sent us an interesting report where it says that the Ethereum based decentralized exchange, Uniswap, has seen an increase in trading activity as volumes on the exchange approach their highest levels yet. 

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As says the report, in the figure, they diagram trading volume at Uniswap over time. While trading volumes at Uniswap have increased making it one of the highest volume decentralized exchanges, DEXs still see markedly lower volumes than centralized exchanges.

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Also, as trading activity has risen, so have the fees generated from this increased volume. Currently, participants that add liquidity to the Uniswap network receive 30 bps per trade. Over 2019, more than $1.2 million have been paid to liquidity providers on the network. 

Network Highlights By Coin Metrics

Coin Metrics says that Ethereum annual issuance percentage fell to an all-time low of 3.45% at the end of December, 2019 as the Ethereum ice age approached.

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Ethereum therefore hard forked on January 2nd, 2020 in order to increase difficulty and delay the ice age. After the fork, Ethereum annual issuance is now back up to 4.56% as of January 12th.

Options Market Exceeded Expectations

FTX crossed 3000 $BTC options volume in the last 24 hours! Wow as reported in twitter.

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Also, looks like 55 contracts went through on CME’s Bitcoin Options first day of trading, approx. $2.3mln notional, as wrote skewdotcom.

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In another hand, Binance Will Launch TRX/USDT Perpetual Contract With Up to 75x as wrote in the blog.

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Immediately the price shot from one hour to another.

Bitcoin Is The Favorite By CoinMarketCap

According to CoinMarketCap 2019 report, Bitcoin Dominance reached a low of 32% as the total crypto market cap reached an all-time high of ~$800B. The fever has since subsided, and BTC Dominance has been slowly trending up since (68%).

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The recent run-up in prices has been entirely different from the bull market of 2017/8, as BTC dominance grew as prices rose.

Korean Blockchain Grows

A recent report by the state-run National IT Industry Promotion Agency (NIPA) predicts that Korea’s blockchain industry will grow about 61.5% per year to reach KRW 350 billion (over USD 301 million*) by 2022 and it was written by theicon.ist.

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According to material from the Korea Institute of Science and Technology Information (KISTI) that quotes the report, the domestic blockchain currently stands at KRW 84.6 billion (almost USD 73 million). 

In 2020, that will grow to KRW 136.6 billion (over USD 118 million). By 2021, it will grow to KRW 220.6 billion (over USD 190 million), and by 2022, KRW 356.2 billion (almost USD 307 million). as says the article.

Decentralized Games Grow

According to blockchain analytics site Dapp.com, there are approximately four times as many users for both gaming and gambling decentralized applications (dapps) than DeFi across seven different smart contract platforms as of Dec. 31 and as reported coindesk.

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According to Dapp.com, over 75 percent of DeFi applications are active on ethereum, while the second most popular smart contract platform for DeFi is EOS, with 11 percent of active DeFi apps.

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Looking just at ethereum, the growth of DeFi over the year is more apparent. At several points throughout the year, DeFi apps beat out gaming and gambling apps in terms of number of users, says the article.

Binance Futures, The Number One

Within a short period, Binance Futures saw $90 billion worth of crypto futures contracts traded since its first day. 

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Binance futures began in September 2019 with its first product, BTC/USDT perpetual contract. On the first day, 19,253 BTC volume traded on its platform, the equivalent of $170 million worth of futures contracts. 

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It was a strong start for Binance Futures as the platform broke into the top 5 rankings in BTC futures daily volumes as says the recent report.

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In other aspects, the open interest on Binance Futures has displayed a consistent growth since the beginning. In early November, the open interest on Binance Futures was less than $50 million daily.

Bitcoin VS Ethereum Battle

According to @cburniske, Bitcoin is currently processing ~250,000 transactions per day, and Ethereum ~500,000. Looking at the tail end of both charts there is a clear divergence, where network value has continued to slide over the last few months, but the number of daily transactions is stable to ticking up.

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From peak, Bitcoin’s and Ethereum’s network values are down 81% and 93%, respectively, whereas daily number of transactions are only down 41% and 52%, respectively, says the report.

With that, we just want to extend the invitation for us to build a new decade in this market with many successes and good profits.

Let’s go together! With love 💛 Rubika Ventures Team!


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Rubikav®
Rubikav®

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