CEO & Founder at Crypto Comparative Linguistics - Providing research and insight into Web3 and Blockchain
Weekly On Chain - Is Binance a Safe CEX?
Binance On Chain Story Data from Nansen showed that over the last 7 days Binance had some fairly significant outflows which was a worrying sign. They had $8.7B worth of outflows and only $5.1B in...meaning net outflows of $3.6B. For comparison, Coinbase had just under $1B in net outflows. Looking at Santiment's on-chain data there were around 54k Bitcoin moved off Binance in the last 24 hours. That's just under $1B worth of Bitcoin moving off the exchange ($966,600,000).CZ tweeted t...
Weekly On Chain - Is Binance a Safe CEX?
Binance On Chain Story Data from Nansen showed that over the last 7 days Binance had some fairly significant outflows which was a worrying sign. They had $8.7B worth of outflows and only $5.1B in...meaning net outflows of $3.6B. For comparison, Coinbase had just under $1B in net outflows. Looking at Santiment's on-chain data there were around 54k Bitcoin moved off Binance in the last 24 hours. That's just under $1B worth of Bitcoin moving off the exchange ($966,600,000).CZ tweeted t...
Weekly On Chain - The Drive for Decentralisation
I saw this week on-chain that Storj had a big spike in active addresses. In fact it seems to have a spike at the beginning of every month.Storj is one of the decentralized cloud storage offerings that also include Filecoin, Arweave, and Sia. This group is competing with the current batch of centralized cloud hosting companies - AWS, Azure, and Google being the main ones. What makes DCS solutions revolutionary is how decentralized they are in comparison to CCS solutions...which is good news ot...
Weekly On Chain - The Drive for Decentralisation
I saw this week on-chain that Storj had a big spike in active addresses. In fact it seems to have a spike at the beginning of every month.Storj is one of the decentralized cloud storage offerings that also include Filecoin, Arweave, and Sia. This group is competing with the current batch of centralized cloud hosting companies - AWS, Azure, and Google being the main ones. What makes DCS solutions revolutionary is how decentralized they are in comparison to CCS solutions...which is good news ot...
Weekly On Chain - Safe DEX
DEX Trading Volumes Get a BoostWith the continued move away from centralized exchanges we saw 24-hour trading volumes across Uniswap, dyDX, Dodo and Curve all up, some as high as 60%. Uniswap in particular had some promising metrics this week as it registered the highest daily active addresses in more than a year.GMX also saw active daily addresses climbing consistently through the last week in November. And finally, Optimism had a decent spike in the last days of the month.This is backed up ...
Weekly On Chain - Safe DEX
DEX Trading Volumes Get a BoostWith the continued move away from centralized exchanges we saw 24-hour trading volumes across Uniswap, dyDX, Dodo and Curve all up, some as high as 60%. Uniswap in particular had some promising metrics this week as it registered the highest daily active addresses in more than a year.GMX also saw active daily addresses climbing consistently through the last week in November. And finally, Optimism had a decent spike in the last days of the month.This is backed up ...
Weekly On-Chain - Reddit Smashing NFTs
In July 2022, Reddit launched collectible avatars. This was their second go at an NFT drop. They launched the marketplace on Polygon and Reddit users could purchase the avatars which were linked to NFTs. A couple of interesting points:This time they didn't call them NFTs, they just referred to them as avatarsWallet creation and minting took place in the Reddit app, your wallet is called your vaultThey allowed the purchase of them in Fiat (not crypto)Looking at the on-chain data we can se...
Weekly On-Chain - Reddit Smashing NFTs
In July 2022, Reddit launched collectible avatars. This was their second go at an NFT drop. They launched the marketplace on Polygon and Reddit users could purchase the avatars which were linked to NFTs. A couple of interesting points:This time they didn't call them NFTs, they just referred to them as avatarsWallet creation and minting took place in the Reddit app, your wallet is called your vaultThey allowed the purchase of them in Fiat (not crypto)Looking at the on-chain data we can se...
Weekly On Chain - Defi Weathering the Storms
This week we're having a look into Defi as this part of the crypto market seems to want to grow up and look to compete with TradFi...but it's got some hurdles to overcome. If we go back to December 2021 there was just over $260bn in Defi TVL. Today we have just over $76bn. We've lost $185bn in the last ten months - a 70% drop. And in that time we've had some big names fall and some characters that are still on the run and wanted in over 100 countries. No need to name names...
Weekly On Chain - Defi Weathering the Storms
This week we're having a look into Defi as this part of the crypto market seems to want to grow up and look to compete with TradFi...but it's got some hurdles to overcome. If we go back to December 2021 there was just over $260bn in Defi TVL. Today we have just over $76bn. We've lost $185bn in the last ten months - a 70% drop. And in that time we've had some big names fall and some characters that are still on the run and wanted in over 100 countries. No need to name names...
