Cryptocurrency Analysis and News Portal
Ethereum-based layer-2 Optimistic Rollup network Optimism (OP) has recorded a 1,687% surge in weekly trading volumes. The latest data from defi analytics platform DeFiLlama indicates a dramatic upswing in trading activity on Optimism, a layer 2 scaling solution anchored on Ethereum (ETH), propelling the network to a trading volume of approximately
Read More
On Nov. 22, 2023, the share of the circulating supply of Bitcoin that was active more than a year ago exceeded 70%. According to analytics firm Glassnode, the share of Bitcoin’s circulating supply that was active more than a year ago has reached 70.3%, a new milestone for the original cryptocurrency. Source:
Read More
Conversely, during bearish periods, trading volumes start to dwindle, with bursts of activity around periods of deleveraging. Uncertainty, negative news, regulatory crackdowns, or market corrections often lead to a decline in trading. Investors might adopt a wait-and-see approach, leading to decreased transaction volumes, and they might move their assets to
Read More
Solana has recorded a massive surge in trading volume on two decentralized exchanges, Raydium and Orca, in the last seven days. According to
Read More
In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analytics firm Nansen showed
Read More
Major NFT collections see increased demand as sales and trading volume soar across several networks. As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (NFT) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline. According
Read More
Erik Voorhees, a prominent Bitcoin advocate, highlighted THORChain’s significance by noting that it processed almost 2%, equivalent to $224 million, of the overall spot Bitcoin trading volume between November 11 and 12. In a recent development, THORChain has emerged as a powerhouse in the Decentralized Finance (DeFi) ecosystem, claiming the title
Read More
THORChain has become the second-largest decentralized exchange (DEX) while its native token, RUNE, registered a slight decline over the past day. According to data provided by DeFi Llama, THORChain’s daily trading volume has reached $334.3 million, surpassing PancakeSwap and making it second to only Uniswap which has a $1.14 billion trading
Read More
Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price move "doesn't feel right"After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark.Data from Cointelegraph Markets
Read More
Huobi token [HT], the native token of cryptocurrency exchange HTX, has surged to a five-month high of $2.95 following a rapid increase in trading volume. Source
Read More