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


Tech

Arbitrum-Based FactorDAO Releases Staking Service, Developers Address Crypto Twitter Rumors

FCTR tokens fell to as low as 44 cents in the initial hours after a Camelot DEX sale and have since seen high volatility.

(Kevin Ku/Unsplash)

Tech

Solana Developers Say Reason for Network Outage Still Unclear

The Solana blockchain was stuck for more than a day over the weekend, recovering only after validators restarted the network.

Solana's offices in New York City (Danny Nelson)

Finance

BIT Token Surges to Weekly High Following $200M BitDAO Ecosystem Fund Proposal

BIT jumped 5% over the weekend, outperforming both ETH and BTC, following the proposal from layer 2 network, Mantle.

Gráfico de BitDAO. (TradingView)

Markets

Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop

Wallet 0xd6 moved more than 182 billion shiba inu tokens to crypto exchanges Gemini and Crypto.com during Asian morning hours on Monday.

DOGE Meme (Atsuko Sato/Wikimedia)

Markets

Start of the End? Testnet Goerli Ether Spikes to $1.60 as Traders Jump on Opportunity Meant for Developers

LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.

Traders are speculating on goerli ether. (DALL-E/CoinDesk)

Markets

Optimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform

The layer 2 network, called Base, won't have a native token.

Optimism rises 6.5%. (Cryptowatch)

Finance

BUSD Stablecoin Temporarily Plunges to 20 Cents on Binance

The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.

Cotización de BUSD a US$0,20. (Cryptowatch Desktop)