- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
ChartDay_Sponsor
67% of New NFTs Minted Are Profitable: Nansen Data
According to Nansen data, 67% of new non-fungible token (NFT) mints in May are profitable. Separately, Dune Analytics notes a declining number of monthly active traders this year on Opensea, the largest NFT marketplace, amid increased weekly volume on Blur, an NFT platform geared towards professional traders. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Binance Market Share Sinks to Lowest Level in Eight Months
Binance’s market share has dropped to its lowest level in eight months, according to CCData. The exchange remains the largest cryptocurrency platform by trading volume, but it has seen its market share decline consecutively over the past three months after reaching a yearly high of 57% in February 2023. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Bitcoin Investors Are HODLing More Than Ever: Glassnode
Data from Glassnode shows that investors are holding on to their bitcoin longer than ever. The amount of bitcoin that's been held for at least a year has climbed to a record 68% while 55% of bitcoin has been held for at least two years, and 40% for three years. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Tether's USDT Trading Volume Falls to Lowest Level in Four Years: Kaiko
Crypto market research firm Kaiko is out with a new report, noting that trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Onchain Metric Suggests Litecoin Is Undervalued: Glassnode
An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

NFT Trading Volume on Pace to Drop Below $1B: DappRadar
A new report from DappRadar reveals that NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall below $1 billion for the first time this year. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Axie Infinity's Token Climbs After Game Is Listed on Apple App Store
Blockchain-based play-to-earn project Axie Infinity's native token (AXS) is paring some gains after surging over 12% after the news dropped that Axie Infinity: Origins, a card-based strategy game, would be debuting on the Apple app store. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

How the U.S. Dollar's Performance Can Impact Bitcoin
Swissblock Technologies predicts the impending dollar bounce will likely pave the way for a deeper decline that would bode well for cryptocurrencies. "This month-long structure will eventually break, and both assets will experience price discovery – bitcoin to the upside, and DXY to the downside," Swissblock Insights said. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

Decline in Bitcoin's 30-Day Options Skew Indicates Bias for Put Options
Bitcoin's 30-day options skew, showing differences between what traders pay for bullish call options and bearish put options, declined to -2.37 earlier this morning, the lowest in two months, indicating a bias for put options. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

Bitcoin Miners' Balance Slides
The number of bitcoin (BTC) held in miners' wallets declined by about 800 BTC last week, a sign that those responsible for minting coins are beginning to run down their coin stash again. The miner selling, however, accounts for less than 1% of bitcoin's average daily trading volume of over $20 billion, suggesting a negligible bearish impact on the cryptocurrency's price. "All About Bitcoin" host George Kaloudis breaks down "The Chart of the Day."
