Crypto World Analysis

🟠 During Q1 DEX volumes on BNB Smart Chain hit quarterly highs not seen since Q4 2022. On average, there was $1.1 billion traded daily on DEXs — link @CryptoWorldAnalysis

🔵 Base DeFi is continuing its climb upwards. TVL is now over $1.6B, nearly a 100% increase in 1 month — link @CryptoWorldAnalysis

💰 On the 20th, post-halving, ~$80M was spent on Bitcoin transaction fees. More than triple the previous all-time high — link @CryptoWorldAnalysis

⚡️ PORTAL seems to be cooking up some new things with their new launchpad The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑 Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game $SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com ⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase. The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE. ✖️ Portal Twitter: https://twitter.com/Portalcoin ✖️ SOMO Twitter: https://twitter.com/playsomo

💰 Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago. Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago — link @CryptoWorldAnalysis

💰 Solana DeFi TVL increased by 232% QoQ to $4.9 billion, ranking it fourth among networks. Lending and yield protocol Kamino jumped from Solana’s fourth largest to the top DeFi protocol by TVL. Its lending protocol ended the quarter with almost $1.3B in TVL, an 811% QoQ increase — link @CryptoWorldAnalysis

🥇 The new whales' initial investment in Bitcoin is almost twice the old whales' cumulative total @CryptoWorldAnalysis

❄️ Transactions on the TON network have been up over 100% since mid-March, and TON is closing in on the BNB chain in terms of transactions per day — link @CryptoWorldAnalysis

MORGAN STANLEY: 💰 Bitcoin miners are the quickest way to establish new data centers because they already have access to significant amounts of power ⚡️ Their models indicate that Bitcoin miners trade at a substantial discount to the intrinsic value of the power they secure @CryptoWorldAnalysis

💰 Bitcoin Profit ratio of current supply is 88.8% The last time this level was reached was on February 7, 2024, when the price was $44,000. @CryptoWorldAnalysis