2018-10-31 16:59 |
Huobi Research published its blockchain big data weekly insights on Oct. 30th which revealed the expected and the unexpected. The data is for the period from Oct. 10th to Oct. 17th. The report is relevant because it monitors the transactions on several blockchain networks, the distribution of wealth, and the most searched keywords. The report also included data on Eth Dapp activity for the first time.
Insights for the Big GunsBitcoin and Ethereum, two of the largest cryptocurrencies by market capitalization, saw an increase in active wallets. Bitcoin active addresses increased by 1.7 percent to 3.63 million, its highest figure in two months. The number of active Ethereum addresses increased from 1.12 million to 1.17 million, marking a 4.8 percent increase.
1.35 million new Bitcoin addresses were created this week in while 1.32 million addresses were created last week, representing a 2.8 percent jump.
Bitcoin transaction volume significantly decreased from 6.68 million BTC in the previous week to 5.95 million. The transaction volume on the Ethereum decreased to 12.3 million ETH. Overall, Bitcoin and Ethereum transaction volumes decreased by 10.9 and 17.5 percent respectively.
On the Bitcoin network, the overall transaction fee decreased significantly from 125.5 BTC to 114.6 BTC while the overall transaction fee on the Ethereum network decreased from 10.4K to 10.1K Ether.
The average transaction fee decreased by 2 percent on the Ethereum network and decreased by 7.4 percent on the Bitcoin network.
The concentration of wealth on Bitcoin and Ethereum decreased. Top 10 addresses in Bitcoin increased by 0.08 percent the top 10 addresses in Ethereum decreased by 5 percent.
There were 3 extra-large transactions (over 10,000 BTC) on the Bitcoin network and 4 extra-large transactions (over 50,000 ETH) transactions on the Ethereum network.
Other InsightsThe number of transactions on the EOS network has been rising for four consecutive weeks. 19.79 million transactions were recorded on the EOS network, up by 66.3 percent from the previous week. Gambling Dapps are the most popular Dapps on the EOS network.
IDEX, Cryptokitties, Dice2win, ForkDelta, and The Token Store were the most popular ETH Dapps on the Ethereum network based on transaction volume.
The most popular Dapp category is the cryptocurrency exchange Dapps that accounted for 66 percent of the total transaction volume.
The most popular cryptocurrencies were Bitcoin, Ethereum, and USDT. Bitcoin and Ethereum’s popularity is mainly attributed to price and trading strategies, while for the USDT, the discussion was based on its recent crisis and the search for alternative stablecoins.
Huobi, Binance, and ZB were the most searched terms in the category for exchanges/opinion leaders category.
For the second week running, the Tron English Telegram group was among the top 3 active groups.
Huobi Big Data Weekly Insights: Dramatic Decrease in Trade Volume and Rising EOS Network Transactions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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