Solana’s daily activity started to decline as the ecosystem got impacted. Solana has begun to lose its footing in sectors such as NFT and the DeFi market. Solana [SOL] has attracted a large number of users in the past to its network due to its cheap transaction fees and thriving ecosystem. However, over the lastContinue reading “Assessing state of Solana ecosystem and what to expect in April”

Stacks TVL surged considerably despite prices going south. Interest in NFTs started falling after the weighted sentiment metric declined. Stacks [STX], the layer 1 solution for Bitcoin, has been on the receiving end of positive developments with Ordinals and Inscriptions in the fore. It’s trite now to say- with the introduction of these new products,Continue reading “Stacks’ TVL story is way too interesting for STX holders, know why”

Blur’s TVL witnesses a huge spike as interest in the protocol grows. OpenSea manages to outperform Blur in daily activity. After Blur entered the NFT space, the prowess of marketplaces such as OpenSea has been threatened to some extent. By now, it is a well-known fact that the rapid growth of the Blur protocol couldContinue reading “Analyzing Blur and OpenSea fight for dominance in the NFT landscape”

Trader Joe, a DEX on the Avalanche network witnessed a surge in volume. The number of active users on the Avalanche network continued to decline. Avalanche[AVAX] has been struggling to gain users on its protocol over the last few months. However, the dApps on the Avalanche network might be able to help the protocol improve its currentContinue reading “Avalanche: Can Trader Joe DEX turn things around for AVAX in near-term”

SushiSwap collected large amounts of ARB due to Arbitrum’s AirDrop. SUSHI faced the heat as whales seemingly lost interest in the token. If a 22 March tweet by SushiSwap [SUSHI] is to be believed, the protocol would be on the receiving end of a large amount of Arbitrum [ARB]. Notably, the latter would be AirDroppingContinue reading “SUSHI joins the ARB bandwagon, but whales swim away”

Ethereum traders issue large call options on ETH despite expected uncertainty as the Shanghai Upgrade inches closer. Whales begin to show interest, however, velocity and network growth start to decline. As the Shanghai Upgrade inches closer, expectations regarding ETH’s volatility have been on the rise. However, it has recently been reported that traders have startedContinue reading “Ethereum [ETH] becomes traders’ current favorite because of this reason”

New data suggests that Bitcoin’s bull market could continue. Short positions against Bitcoin rise as the MVRV ratio increases. Bitcoin has undergone substantial price fluctuations in the past few months. This has raised speculations about its future prospects. However, data from CryptoQuant suggests that Bitcoin could now be in a bull market. And this mightContinue reading “Bitcoin: Evaluating the current market conditions in the wake of FUD”

As per recent data, Solana’s downtime woes may not be as bad as they seem. Daily active users and fees continued to decline as SOL suffered. In the past 12 months, Solana [SOL] has faced significant scrutiny from the cryptocurrency community, largely due to issues with downtimes on its network. However, if recent data isContinue reading “Is Solana’s [SOL] FUD justified? According to these analytics…”

Analyst suggested that Ethereum could soon follow Bitcoin’s rally. NFT trades and lowering gas fees may impact network activity in the long run. Bitcoin [BTC] has been seeing quite a rally over the last few days, inspiring a lot of positive speculation around the king coin. However, it appears that Ethereum [ETH] will also soon beContinue reading “Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?”

Chainlink planned to add new developments to its range of products. Demand for certain products declined, while the token continued to get impacted. Over the last few months, Chainlink [LINK] has built many products and services to integrate with different systems in the crypto space. However, LINK has seen little growth despite the developments madeContinue reading “How will Chainlink [LINK] fare in the next quarter? This data suggests…”

Bitcoin miners are seeing profits due to increased BTC prices and decreased transaction costs. Retail interest is high, but the influence of BTC whales could lead to price volatility. In the latter half of 2022, many Bitcoin [BTC] miners were facing the heat as the king coin’s prices kept decreasing. The costs of energy andContinue reading “Bitcoin [BTC] miners see green: Will there be a relief in selling pressure”

USDT led the stablecoin market after recent market volatility. Despite recovery, network growth of all stablecoins declined. Due to the recent events surrounding SVB and Circle, the stablecoin market witnessed a lot of volatility over the past few weeks. After the dust settled, Tether [USDT] emerged on top, when compared to other stablecoins. USDT reignsContinue reading “Where USDT, USDC, BUSD stand as stablecoin race accelerates”