Market trends in the 4th week of April
Cryptocurrency assets (cryptocurrency market) in the 4th week of April. Bitcoin (BTC) dominance temporarily hit the 50% level, reaching its lowest level in two years. Although the BTC price has rebounded from $ 50,000 since the 26th, the rise of Alto stocks has surpassed Bitcoin.
Ethereum (ETH) continued to rise, surpassing the $ 2,500 milestone and surpassing 300,000 yen on the 30th. As of the 3rd, it has been around $ 3,000.
Ethereum has (1) ETFs (Exchange Traded Funds) traded on the Canadian stock exchange one after another (4 products in total): Details, (2) Large update “London” scheduled for July Hard fork: Details, (3) Uniswap “V3 』Launch: Details, (4) NFT / DeFi market boom, (5) Ethereum 2.0, etc. There are many materials that investors are aware of.
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Due to the rise in ETH price, Ethereum’s market capitalization has reached 37 trillion yen ($ 340 billion). Since it is different from stocks, it is not possible to make a simple comparison, but on AssetDash, which compares the market value of various asset classes, it has risen to 24th place, ahead of Disney and P & G. (Bitcoin is 6th)
Top 20 market capitalization rate
- XRP (XRP):[46.44%]
- Dogecoin (DOGE):[34.97%]
- Uni Swap (UNI):[30.87%]
- Ethereum (ETH):[29.09%]
Cryptocurrency exchange spot volume hits record highs
According to the data of CoinPost affiliated media The Block, the monthly physical transaction volume on the virtual currency exchange reached 170 trillion yen (1.58 trillion dollars). Recorded the highest level ever.
4/8 Legitimate CEX spot volume increased by 49% to a new all-time high of $ 1.58trn in April (Binance running at 74.3% market share): pic.twitter.com/zn2tFTU229
— Lars (@ lars0x) May 1, 2021
Binance, a major cryptocurrency exchange, accounted for 74.3% of trading volume. The physical trading volume seems to have increased by 49% from the previous month.
Bitcoin on-chain data
The OI (Unsettled Open Interest) of Bitcoin futures on the Chicago Mercantile Exchange (CME) is as follows.
Minor revenue exceeded 180 billion yen
Bitcoin miners (minors) earned $ 1.7 billion (¥ 186 billion) in April. Although it decreased slightly from the previous month, it was the second highest monthly profit in history.
Of the minor earnings, 14.51% came from transaction fees, the highest level since January 2018.
Ethereum on-chain data
ETH2.0 staking amount
The amount of staking to ETH2.0 showed steady growth regardless of the market price.
Staking amount:4.1 million ETH
Minor monthly earnings also record high
With the continued growth of Ethereum, the monthly revenue of Ethereum Minor in April also reached a record high for the second consecutive month.
In addition, Ethereum’s on-chain transaction volume, number of active addresses, and number of new addresses issued have also reached record highs.
Relation: Ethereum highest price update, background of soaring
DeFi (Distributed Finance)
TVL for the DeFi (decentralized finance) protocol fell by nearly $ 9 billion from the previous week, but it is still at a high level in the past.
TVL (Total Value Locked) refers to the total amount of cryptocurrency assets deposited in the DeFi protocol.
Relation:What is DeFi (Decentralized Finance)?Easy-to-understand explanation of features and mechanism even for beginners
UNI, CAKE Changes from the previous week
- Uniwap (UNI): 40.27[26.1%]
- PancakeSwap (CAKE): 39.70[44.6%]
Top NFT stocks: Compared to the previous week
Relation:What is Non-Fungible Token NFT? | Explaining the main features and future potential
The rate of increase / decrease of NFT (Non-Fungible Token) related stocks is as follows. (As of 2nd)
- THETA (THETA): 11.50[15.3%]
- Chiliz (CHZ): 0.55[30.2%]
- Enjin Coin (ENJ): 2.72[-28.9%]
|Around 5/3||US CME to offer Bitcoin futures for individual investors|
|5/5||Uniswap Major Upgrade V3 Release|
|5/8||Cardano “Alonzo” test net launch planned|
|5/8||DFINITY Genesis Beta Mainnet Launch|
US CME to offer Bitcoin futures for individual investors
The US Derivatives Exchange CME (Chicago Mercantile Exchange) offers smaller Bitcoin futures.
The new futures trading product is a micro-bitcoin future that has one tenth of Bitcoin as one contract, and corresponds to futures trading in which the amount of one contract has increased due to the rise in Bitcoin price.
After a regulatory review, it is scheduled to be available from May 3rd.
Related: Bitcoin ETF application accepted, US SEC begins examination
Uniswap Major Upgrade V3 Release
On May 5, 2021, DEX (Distributed Exchange) Uniswap announced that it will officially launch a new version, “V3”. As of April 24, 2021, the Uniswap team has released a V3 white paper (business plan).
With the launch of V3, we plan to implement several new features such as gas bill improvement and liquidity enhancement, and the main changes are as follows.
- Optimism L2 (Introduction of second layer)
- Concentrated Liquidity positions (LP related)
- Flexible fees
Related: Uniswap’s major upgrade V3, scheduled to be released
DFINITY Genesis Beta Mainnet Launch
Around 2:00 am on May 8, 2021, DFINITY, which provides a cloud computing platform, announced the launch of the Genesis beta version of the mainnet for the purpose of decentralizing projects.
Relation:Introducing crypto index Explaining how to use “CoinPost app” from a trader’s perspective | Contribution: Bit Sennin
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“Cryptocurrency” means “cryptographic assets”