Over the past 24 hours, 50,000 more coins were sent to the Ethereum stack than were withdrawn from it. Accordingly, the activation of the ETH withdrawal feature for validators during this week's Shanghai update tentatively made this activity more popular, not the other way around.
In the chart from Nansen, turquoise indicates hourly deposits for Etherium stacking and orange indicates cryptocurrency withdrawals from there.
Right now, there is a total of 17.23 million ETH in stacking.
In the chart from Nansen, turquoise indicates hourly deposits for Etherium stacking and orange indicates cryptocurrency withdrawals from there.
Right now, there is a total of 17.23 million ETH in stacking.
The total capitalization of the four largest stabelcoins continues to decline after peaking at $161 billion in early 2022. The figure is now down to $124 billion, a 23 percent drop.
Here are the changes for each stack separately:
USDT (in green) - minus 1.3 billion
USDC (blue) - minus 20 billion
BUSD (yellow) is minus 11.1 billion.
DAI (purple) - minus 4.4 billion
Here are the changes for each stack separately:
USDT (in green) - minus 1.3 billion
USDC (blue) - minus 20 billion
BUSD (yellow) is minus 11.1 billion.
DAI (purple) - minus 4.4 billion
According to the Dune platform, Huobi, Coinbase and Kraken are the leaders among centralized cryptocurrency exchanges in terms of coin outflows following the launch of ethers withdrawals from stacking. Their total withdrawals are measured in hundreds of thousands of ETH.
In the case of the last two platforms, the activity of the U.S. Securities and Exchange Commission clearly affects. For example, Kraken has already been banned from offering the staking platform to Americans.
Here is the relevant table.
In the case of the last two platforms, the activity of the U.S. Securities and Exchange Commission clearly affects. For example, Kraken has already been banned from offering the staking platform to Americans.
Here is the relevant table.
This week, the total trading volume of the decentralized exchange Uniswap exceeded the $1.5 trillion mark, which is an incredible achievement.
Overall, Uniswap continues to be the most popular decentralized exchange in the world. According to The Block, it accounts for 68 percent of trading among all DEXs in April 2023.
Overall, Uniswap continues to be the most popular decentralized exchange in the world. According to The Block, it accounts for 68 percent of trading among all DEXs in April 2023.
As noted by Kaiko analysts, Tether's USDT has so far been the only Stablecoin that was able to recover its market capitalization after the events of May 2022. Recall that the collapse of the Terra LUNA ecosystem led to a serious collapse of the coin market.
Here is the corresponding chart of USDT capitalization over the last year.
Here is the corresponding chart of USDT capitalization over the last year.
Bitcoin rose today on positive news about a slowdown in U.S. inflation and then collapsed on unconfirmed news about the U.S. government selling a huge batch of VTCs.
In fact, the news is not the root cause of all crypto movements. They are brought up to justify another drop or rise. But the important thing here is something else: an obvious liquid zone of 26000-27000 has formed on the bitcoin chart. Exactly there is a large amount of stops on longs now. Further growth without taking out the longists is unlikely. And there is no doubt that for this fall there will also be some info-evidence.
In fact, the news is not the root cause of all crypto movements. They are brought up to justify another drop or rise. But the important thing here is something else: an obvious liquid zone of 26000-27000 has formed on the bitcoin chart. Exactly there is a large amount of stops on longs now. Further growth without taking out the longists is unlikely. And there is no doubt that for this fall there will also be some info-evidence.
AirDAO Announces Transition to Decentralized Leadership
AirDAO has announced its transition towards true decentralization and community governance. AirDAO has embraced a community-first ethos and is now empowering its global community to take the reins of its future. This groundbreaking shift marks a significant leap forward for AirDAO and decentralization in web3.
AirDAO will adopt a flat DAO structure, decentralizing its leadership and eliminating traditional roles such as ‘Director’ and ‘CEO.’ The AirDAO blockchain will no longer be maintained, controlled, or built by a single developer or development company. Instead, AirDAO will be developed and governed by the people, for the people.
The community will elect a nine-member AirDAO Council. This council will assume control over AirDAO’s finances, operational budget, and blockchain core-engineer multi-signature wallet in the coming weeks. By May 31st, 2023; the council will have complete control over all AirDAO assets and convene regular meetings to make roadmap and operational decisions.
The AirDAO community will nominate candidates and conduct the AirDAO Council voting process with fairness and transparency ensured through on-chain voting. The community will also shape the council’s role, establish rules, draft the AirDAO constitution, and develop the voting process. The internal AirDAO team will support the community during the formation process and council elections.
Lang Mei — the current Director of AirDAO — will oversee the change to decentralized leadership during the transition period. By May 31st, 2023, his CEO/Director role will be retired, allowing the elected council to assume total control of the roadmap, HR, financial, and operational decisions.
A community-led web3 ecosystem thrives on active participation. AirDAO invites everyone to play an instrumental role in shaping its future. Get involved in the governance process, contribute to AirDAO development, vote in the council elections, and be the change you want to see.
DYOR: Telegram | Twitter
AirDAO has announced its transition towards true decentralization and community governance. AirDAO has embraced a community-first ethos and is now empowering its global community to take the reins of its future. This groundbreaking shift marks a significant leap forward for AirDAO and decentralization in web3.
AirDAO will adopt a flat DAO structure, decentralizing its leadership and eliminating traditional roles such as ‘Director’ and ‘CEO.’ The AirDAO blockchain will no longer be maintained, controlled, or built by a single developer or development company. Instead, AirDAO will be developed and governed by the people, for the people.
The community will elect a nine-member AirDAO Council. This council will assume control over AirDAO’s finances, operational budget, and blockchain core-engineer multi-signature wallet in the coming weeks. By May 31st, 2023; the council will have complete control over all AirDAO assets and convene regular meetings to make roadmap and operational decisions.
The AirDAO community will nominate candidates and conduct the AirDAO Council voting process with fairness and transparency ensured through on-chain voting. The community will also shape the council’s role, establish rules, draft the AirDAO constitution, and develop the voting process. The internal AirDAO team will support the community during the formation process and council elections.
Lang Mei — the current Director of AirDAO — will oversee the change to decentralized leadership during the transition period. By May 31st, 2023, his CEO/Director role will be retired, allowing the elected council to assume total control of the roadmap, HR, financial, and operational decisions.
A community-led web3 ecosystem thrives on active participation. AirDAO invites everyone to play an instrumental role in shaping its future. Get involved in the governance process, contribute to AirDAO development, vote in the council elections, and be the change you want to see.
DYOR: Telegram | Twitter
A year ago, the collapse of the Terra LUNA ecosystem took place, which, among other things, was facilitated by the decoupling of the UST "stabelcoin" from the value of the dollar, along with its subsequent death.
As Glassnode analysts point out, the big winner during that time was Tether USDT, which increased its market share by 20 percent. At the same time, USDC and BUSD lost 13 and 7.2 percent of the market, respectively.
The performance of DAI and TUSD remained virtually unchanged. Here is the corresponding chart.
As Glassnode analysts point out, the big winner during that time was Tether USDT, which increased its market share by 20 percent. At the same time, USDC and BUSD lost 13 and 7.2 percent of the market, respectively.
The performance of DAI and TUSD remained virtually unchanged. Here is the corresponding chart.
The day before the Bitcoin network commissions rose, including reaching an average level of $31. This happened because of the hype around NFT based on the Ordinals protocol and the so-called BRC20 tokens.
At the same time, a rather rare phenomenon occurred in the blockchain: commissions for transactions in the block exceeded the amount of 6.25 BTC for its creation. According to Glassnode analysts, during the network overload in the first half of May, the amount of commissions per block averaged 6.66 BTC, making the total reward for miners equal to 12.9 BTC or $348,000 per block.
This has only happened five times in the cryptocurrency's history. Here is the corresponding chart with these moments.
At the same time, a rather rare phenomenon occurred in the blockchain: commissions for transactions in the block exceeded the amount of 6.25 BTC for its creation. According to Glassnode analysts, during the network overload in the first half of May, the amount of commissions per block averaged 6.66 BTC, making the total reward for miners equal to 12.9 BTC or $348,000 per block.
This has only happened five times in the cryptocurrency's history. Here is the corresponding chart with these moments.
As Santiment experts note, the share of bitcoins and ethers on centralized cryptocurrency exchanges is now not far from its historical lows. Specifically, we are talking about 10.1 percent of all ethers in circulation and 5.7 percent of total bitcoin supply.
Accordingly, more and more cryptoinvestors are sending their own coins to independent non-custodial cold storage-type wallets. And this is a good trend.
Accordingly, more and more cryptoinvestors are sending their own coins to independent non-custodial cold storage-type wallets. And this is a good trend.
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The popularity of decentralized cryptocurrency exchanges like Uniswap continues to peak compared to conventional trading platforms like Binance. The first category of exchanges now accounts for 22 percent of total trading volumes on centralized platforms.
This is the maximum in the history of decentralized trading platforms. Accordingly, traders are now actively trading directly from their wallets, rather than putting coins on exchanges.
This is the maximum in the history of decentralized trading platforms. Accordingly, traders are now actively trading directly from their wallets, rather than putting coins on exchanges.