2018-10-25 18:29 |
Huobi cryptocurrency exchange research team released a report titled “Huobi Blockchain Big Data” which shows the activity of the cryptocurrency sector in the past week. Overall, the total Bitcoin transaction volume was up by 31.8 percent from the previous week, and the number of overall transactions (1.67 million) increased by 1.4 percent, marking the largest single-week increase in six months. The 24-page report also highlights the best performing cryptocurrencies on social media and GitHub, giving an overview of user and developer engagement.
Bitcoin and Altcoins in the MarketsStatistically, Bitcoin had a good week. The number of active Bitcoin addresses reached a 2-month high of 3.57 million, indicating a 0.2 percent uptick from the previous week. There were 1.32 million new Bitcoin addresses created this week, 2.5 percent higher than last week. In the same period, the number of active Ethereum addresses is down by 5.7 percent from 1.18 to 1.12 million.
The number of Bitcoin transactions per second (TPS) slightly increased when compared to last week, but most importantly, the average transaction fee decreased by 5.2 percent to 0.00007 BTC. The average transaction fee on the Ethereum network reached 0.0027 ETH, marking a significant 21.8 percent increase in the week.
The Bitcoin network witnessed 4 extra large transactions (worth over 10,000 BTC), and the number of large transactions (worth between 1,000 – 10,000 BTC) almost doubled from 284 to 543.
Six of the top 30 Bitcoin walled addresses experienced major balance changes. Bitfinex’s cold wallet had a net outflow of 25,993 BTC.
Transactions on the EOS network increased by 66.3 percent and reached 14.93 million. The number of wallet addresses voting for block producers decreased by 0.56 percent.
Gambling Dapps were popular in the last week as they accounted for 87.7 percent of total transaction volume on the EOS network. The most popular EOS Dapps of the week were BetDice, EOSBet, Newdex, FarmEOS, and EOS Play Lottery.
In the markets, the price of cryptocurrencies did not fluctuate greatly. Tezos was the biggest gainer as it recorded a 2.8-percent price increase and IOTA was the biggest loser with a 12.27-percent price decrease.
Social Media and GitHubIn the past week, Bitcoin, USDT, and Ethereum received the most attention. Bitcoin and Ethereum’s attention focused on price and trading strategies. USDT, a controversial stablecoin that is purported to be pegged to the USD on a 1:1 ratio received widespread attention because of questions about its transparency and drop in price.
On the GitHub code repository; BTC, ETH, and EOS received the most forks and the most stars as well. ETH, ADA, and IOTA received the most code submissions while XMR, BTC, and IOTA had the most issues.
Social media, particularly Telegram channels are a good measure of the commitment of blockchain projects. Tron English, EOS China, and VeChain English Group were the most active cryptocurrency Telegram groups.
Huobi, Binance, ZB, Coinbase, and Bitifinex were the most talked about cryptocurrency exchanges.
Huobi Weekly Big Data Insights Report: Bitcoin Records the Highest Weekly Increase in Transactions in 6 Months was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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