On-chain Data

On-Chain Data refers to the information stored on a blockchain network, which encompasses various aspects of the cryptocurrency ecosystem. It includes data related to individuals involved in the crypto space, companies operating in the industry, protocols governing blockchain networks, and crypto exchanges facilitating the buying and selling of digital assets. This comprehensive dataset provides valuable insights into the activities and trends within the cryptocurrency market. For individuals, on-chain data allows for the analysis of their transactions, addresses, and holdings, providing transparency and accountability. Companies can utilize this data to assess market demand, track supply chains, and enhance operational efficiency. Protocols, on the other hand, rely on on-chain data to validate and record transactions, ensuring the integrity and security of the blockchain network. Crypto exchanges heavily rely on on-chain data to facilitate trading, verify transactions, and maintain accurate records of digital asset ownership. This information is crucial for investors and traders to make informed decisions and understand market dynamics.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person

On-chain Data

Finance

Polychain Snubs Lucrative Crypto Arbitrage, Prepares to Trade $6M of ROOK Token on Uniswap

After activist investors successfully lobbied for a major overhaul of ROOK, a potentially very lucrative trading opportunity opened up for token holders.

By Danny NelsonMay 11, 2023

Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)

Markets

Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience

Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.

By Glenn Williams Jr.May 10, 2023

(Chris De Tempe/Unsplash)

Markets

Ether Selling Pressure Post-Shanghai Upgrade Was 'Non-Event,' Says Nansen

The number of staked ether has climbed to 19.55 million, a new all-time high, as ETH staking deposits surpassed withdrawals.

By Sage D. YoungMay 10, 2023

(Spencer Platt/Getty Images)

Finance

Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets

Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.

By Oliver KnightMay 10, 2023

(Mohan Murugesan/Unsplash)

Tech

Crypto Derivatives Protocol Vega's Mainnet Goes Live for Futures, Options Trading

The blockchain is said to be built mainly to support decentralized derivatives trading.

By Shaurya MalwaMay 10, 2023

Hands on a laptop keyboard with a screen showing charts and prices (Unsplash, Kanchanara)

Markets

Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance

Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon.

By Shaurya MalwaMay 10, 2023

(Danny Nelson/CoinDesk)

Finance

DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers

The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer.

By Elizabeth NapolitanoMay 9, 2023

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Tech

Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade

The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain.

By Shaurya MalwaMay 9, 2023

(Markus Winkler/Unsplash, modified by CoinDesk)

Markets

Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four

The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand.

By Shaurya MalwaMay 9, 2023

Lending money handing over paying cash (Shutterstock)

Markets

Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace

As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.

By Glenn Williams Jr.May 8, 2023

(Jeppe Hove Jensen/Unsplash)
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Latest Crypto News

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