2018-11-21 13:29 |
Huobi’s research division released its 23rd volume of its “Blockchain Big Data Insights” for the week spanning from Nov. 7th to Nov. 14th. The report consists of market trading data, social media data, and on-blockchain data. The data shows how the distribution of wealth on the Bitcoin and Ethereum networks change on a weekly basis and how trading volume fluctuates. The report further dwells on price correlations and trending keywords, exchanges and digital assets for the week.
Market DataThe price of cryptocurrencies decreased with the exception of NEM. The trading volume registered a slight increase with NEM experiencing the largest increase of 247 percent. The trading volume of Bitcoin Cash, which was scheduled to fork on Nov. 15th, had the largest decrease of 28.58 percent while BNB experienced a 11.7 percent-decline in trading volume.
The number of active Bitcoin addresses had been on the increase for the past seven consecutive weeks but failed to maintain its momentum after it decreased by 4.1 percent from the previous week to 3.81 million. The number of new Bitcoin addresses created for the week decreased by 6.8 percent, falling to 1.37 million from 1.47 million from the previous week.
On the Ethereum network, the number of active addresses decreased by 1.4 percent from 1.127 million to 1.111 million.
The overall transaction volume on the Bitcoin network decreased by 11.2 percent from 6.09 million to 5.41 million. The number of transactions increased by 0.7 percent to reach 1.93 million, “reaching a new high for the past half a year.” The average trading volume per transaction reached 2.79 BTC, registering a decrease of 11.8 percent. The transaction fees increased from 117 BTC to 132 BTC.
On the Ethereum network, the overall transaction volume decreased by 2.5 percent to 12.17 million ETH. The number of overall transactions for the week decreased by 1.8 percent to 3.83 million while the transaction volume decreased by 0.7 percent to 3.18 ETH. The average transactions per second (TPS) decreased by 0.1 to 6.3 TPS. The overall transaction fee decreased from 11.4K ETH to 10K ETH.
On the Bitcoin network, there were 2 extra-large (more than 10,000 BTC) transactions and the number of large transactions (between 1,000 to 10,000 BTC) decreased from 433 to 318. On the Ethereum network, there was 1 extra-large (over 50,000 ETH) transaction and large transactions (10,000 – 50,000 ETH) decreased from 34 to 33.
On the Bitcoin network, the concentration of wealth decreased drastically while it increased on the Ethereum network.
Other StatisticsBitcoin, Ethereum, and Bitcoin Cash are the cryptocurrencies that received widespread attention. Discussions on Bitcoin and Ethereum were focused on price and trading strategies. As for BCH, the discussion focused on the hash power competition between Wu Jihan and CSW.
On the Tron network, TRONdice, TRONbet, and HitDAPPS were the three most popular Dapps based on transaction volume. IDEX, Dice2win, CryptoKitties, EthereumName, and FolkDelta were the popular Dapps on the Ethereum network.
There are currently 155 active Dapps on the EOS network and gambling Dapps accounted for 84 percent of the transaction volume, up from 80 percent from the previous week. In total, the activity of Dapps on the EOS network registered a 36 percent increase.
Huobi Releases Weekly Research, Crypto Prices Fall on Increased Volume, EOS DApp Activity up 36% was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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