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

Finance

Decentralized Exchanges Posted Record $25B Daily Volume as USDC Depegged

The majority of volume took place on Uniswap and Curve as traders hopped out of, and back into, the stablecoin.

By Oliver KnightMar 15, 2023

Trading volume on DEXs hits record high. (DefiLlama)

Markets

Bitcoin, Ether Volatility Stuns Bears and Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis

Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.

By Shaurya MalwaMar 15, 2023

La volatilidad de bitcoin y ether está haciendo tambalear tanto a alcistas como bajistas. (Matt Hardy/Unsplash)

Tech

Euler Finance to Offer $1M Reward as It Reels From Nearly $200M Exploit

Euler has sent multiple on-chain messages to the attacker in the past 48 hours.

By Shaurya MalwaMar 15, 2023

Markets

Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

USD coin holders are not rushing back to the token just yet.

By Shaurya MalwaMar 15, 2023

Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)

Markets

Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos

The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.

By Sage D. YoungMar 14, 2023

Markets

This DeFi Protocol Just Got Hacked but Its Token Is Still Doing Better Than a Major U.S. Bank's

Euler's EUL token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.

By Elizabeth NapolitanoMar 13, 2023

Finance

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.

By Sage D. YoungMar 13, 2023