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


Markets

Early Shiba Inu Holder With 10% of Supply Moves $30M in SHIB Tokens

Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.

Bonk, un token inspirado en Shiba Inu emitido el 25 de diciembre, dio ganancias de aproximadamente 2220% a traders la semana pasada y registró una suba de 150% solo en las últimas 24 horas. (Payless)

Tech

Polygon Proposes Token Switch From MATIC to POL for More Utility

If approved by the community, POL will work as a multipurpose token that can be used to validate multiple Polygon-based networks.

(Polygon Labs)

Tech

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.

(Unsplash)

Finance

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

The U.S. government previously sold 9,861 bitcoin for $216 million in March.

U.S. government moves bitcoin (Blockchain.com)

Finance

DeepBook Brings Centralized-Style Orders for Decentralized Finance on Sui Network

The DeepBook central limit order book will allow traders to view order flow and market depth on Sui.

(Austin Distel/Unsplash)

Markets

MATIC Surges 10% as Polygon's 2.0 Upgrade Draws Closer

Open interest for MATIC trading pairs has risen from $109 million to $160 million in the past 24 hours.

MATIC open interest (Coinalyze)

Finance

DeFi Protocol Holding 55% of Algorand Value to Shut Down

Algofi will close following a sharp drop in activity on the Algorand blockchain.

Algofi to shut down its DeFi protocol (Nastuh Abootalebi/Unsplash)

Finance

Arkham Intelligence Rolls Out Crypto Data Marketplace; Privacy Advocates Cry Foul

Binance Launchpad will host a token sale for 5% of the ARKM token supply.

(Adam Levine/CoinDesk)

Tech

Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team

“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Finance

Multichain Bridges Exploited for Nearly $130M Across Fantom, Moonriver and Dogechain

Multichain developers told users to revoke smart contract approvals after locked funds had been moved to an unknown address abnormally.

Bridge (Unsplash modified by CoinDesk)