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Ethereum market capitalization exceeds Disney ── cryptocurrency investment fund, from Bitcoin to Alto

Cryptocurrency

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.

Source: CoinMarketCap

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.

Click here for details

Source: CoinMarketCap

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)

Source: AssetDash

Top 20 market capitalization rate

  • XRP (XRP):[46.44%]
  • Dogecoin (DOGE):[34.97%]
  • THETA:[31.27%]
  • 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.

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

Source: CryptoQuant

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.

Source: DeFi Llama

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%]

Crypto index

   

 

   

  

   

 

   

 

Schedule index
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

Around 2021/05/03

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

2021/5/5

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

2021/5/8

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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Author: CoinPost Editorial Department

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“Cryptocurrency” means “cryptographic assets”

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