Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
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Author: lesley@footprint.network
Data source: The Stablecoin Dashboard
Stablecoins play a crucial role in the cryptocurrency market, offering a haven of stability amidst the often volatile price swings seen in the digital asset space.
These cryptocurrencies are designed to maintain a relatively stable value, usually achieved by pegging them to a commodity, a fiat currency, or by employing algorithms to regulate their supply. This stability makes stablecoins a preferred choice for various use cases, such as facilitating transactions, trading, or even as a store of value, as users can rely on a more predictable asset.
One essential metric used in the cryptocurrency ecosystem to gauge market dynamics is the Stablecoin Supply Ratio (SSR). SSR is calculated by dividing the market capitalization of Bitcoin (BTC) by the market capitalization of all stablecoins. In essence, SSR provides valuable insights into the balance between the supply of Bitcoin and the supply of stablecoins denominated in BTC. This ratio serves as an indicator of market sentiment and can help investors and analysts assess the relative influence and potential impact of stablecoins in the broader cryptocurrency market.
A high SSR suggests limited purchasing power for Bitcoin due to a low supply of stablecoins, potentially signaling bearish sentiment. Conversely, a low SSR indicates strong buying momentum for Bitcoin, potentially driving prices higher, reflecting bullish sentiment.
SSR trends also matter; a rising SSR suggests weakening stablecoin purchasing power and a shift towards stability or bearish sentiment, while a falling SSR indicates stronger purchasing power for stablecoins and heightened bullish sentiment. SSR’s fluctuations reflect market activity and turbulence, making it a crucial metric for navigating the cryptocurrency landscape effectively.
Throughout these several months, the Stablecoin Supply Ratio (SSR) has shown a notable increase, climbing from 4.58 on October 1 to 6.86 as of December 21. This surge signifies substantial growth in Bitcoin’s market capitalization in comparison to stablecoins. Such a trend suggests that there is a higher level of purchasing power for Bitcoin in the market, potentially contributing to upward price pressure for the cryptocurrency.
Investors and analysts closely monitor SSR trends as they provide valuable insights into market dynamics and the balance of power between Bitcoin and stablecoins, ultimately influencing sentiment and investment strategies in the crypto space.
Check our website or schedule a meeting to know more about the solution.
What is Footprint Analytics?
Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.
Product Highlights:
Data API for developers.
Footprint Growth Analytics (FGA) for GameFi projects.
Batch download for big-size data fetch.
View the data dictionary to explore all data sets Footprint provides.
Check our X post (Footprint_Data) for more product updates.
Author: lesley@footprint.network
Data source: The Stablecoin Dashboard
Stablecoins play a crucial role in the cryptocurrency market, offering a haven of stability amidst the often volatile price swings seen in the digital asset space.
These cryptocurrencies are designed to maintain a relatively stable value, usually achieved by pegging them to a commodity, a fiat currency, or by employing algorithms to regulate their supply. This stability makes stablecoins a preferred choice for various use cases, such as facilitating transactions, trading, or even as a store of value, as users can rely on a more predictable asset.
One essential metric used in the cryptocurrency ecosystem to gauge market dynamics is the Stablecoin Supply Ratio (SSR). SSR is calculated by dividing the market capitalization of Bitcoin (BTC) by the market capitalization of all stablecoins. In essence, SSR provides valuable insights into the balance between the supply of Bitcoin and the supply of stablecoins denominated in BTC. This ratio serves as an indicator of market sentiment and can help investors and analysts assess the relative influence and potential impact of stablecoins in the broader cryptocurrency market.
A high SSR suggests limited purchasing power for Bitcoin due to a low supply of stablecoins, potentially signaling bearish sentiment. Conversely, a low SSR indicates strong buying momentum for Bitcoin, potentially driving prices higher, reflecting bullish sentiment.
SSR trends also matter; a rising SSR suggests weakening stablecoin purchasing power and a shift towards stability or bearish sentiment, while a falling SSR indicates stronger purchasing power for stablecoins and heightened bullish sentiment. SSR’s fluctuations reflect market activity and turbulence, making it a crucial metric for navigating the cryptocurrency landscape effectively.
Throughout these several months, the Stablecoin Supply Ratio (SSR) has shown a notable increase, climbing from 4.58 on October 1 to 6.86 as of December 21. This surge signifies substantial growth in Bitcoin’s market capitalization in comparison to stablecoins. Such a trend suggests that there is a higher level of purchasing power for Bitcoin in the market, potentially contributing to upward price pressure for the cryptocurrency.
Investors and analysts closely monitor SSR trends as they provide valuable insights into market dynamics and the balance of power between Bitcoin and stablecoins, ultimately influencing sentiment and investment strategies in the crypto space.
Check our website or schedule a meeting to know more about the solution.
What is Footprint Analytics?
Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.
Product Highlights:
Data API for developers.
Footprint Growth Analytics (FGA) for GameFi projects.
Batch download for big-size data fetch.
View the data dictionary to explore all data sets Footprint provides.
Check our X post (Footprint_Data) for more product updates.
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