On-chain Data

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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

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SNXUSD chart (TradingView)
Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend
One newly-created wallet withdrew $7.7 million of SNX and $3.9 million of LPT to prompt the tokens to surge.
SNXUSD chart (TradingView)

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
Traders Are Paying 2,000% to Buy CYBER as Social Network's Tokens Soar
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Shiba Inu using PC (Payless)
Shibarium Crosses 600K Unique Wallets as SHIB Whale Moves $38M
Network activity has started to chug along since an earlier glitch was solved last weekend.
Shiba Inu using PC (Payless)

Aerodrome receives $150 million in deposits (Pixabay)
Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.
Aerodrome receives $150 million in deposits (Pixabay)

Bitcoin whales - a term for large holders of the tokens - are staying put on their long-term holdings. (Todd Cravens/Unsplash)
Bitcoin's Most Loyal Holders Continue Accumulation Despite Price Lull
Long-term holders continue to accumulate bitcoin, with 40% unmoved in more than three years, or an all-time high for that metric.
Bitcoin whales - a term for large holders of the tokens - are staying put on their long-term holdings. (Todd Cravens/Unsplash)

Wallets (RitaE/Pixabay)
Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC
Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.
Wallets (RitaE/Pixabay)

alex-azabache-BReigPd7XnQ-unsplash.jpg
Shiba Inu’s Highly Anticipated Shibarium Bridge Is Now 'Fully Functional'
Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.
alex-azabache-BReigPd7XnQ-unsplash.jpg

Pepe the frog (Studio Incendo/Wikimedia Commons)
Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week.
Pepe the frog (Studio Incendo/Wikimedia Commons)

DeFi total value locked, or TVL, has dwindled (DefiLlama)
DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters
The total value locked in DeFi protocols has slumped to the lowest level since February 2021 even as ETH, which underpins the market, has soared this year.
DeFi total value locked, or TVL, has dwindled (DefiLlama)

EigenLayer deposits (Dune)
Ether Staking Demand Remains Unfazed as EigenLayer 100K ETH Cap Limit Filled Within Hours
Future cap increases will need to be approved by EigenLayer's multisignatory governance system.
EigenLayer deposits (Dune)