Crypto World Analysis

📊 DeFi lending & borrowing protocols have seen a resurgence in activity. Borrowing volume has grown almost 250%, from $3.3 billion in Q1 2023 to $11.5 billion by the end of Q1 2024 — link @CryptoWorldAnalysis

🟢 Tether's Q1 2024 report details significant financial growth and increased transparency: ⚫A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold ⚫For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency ⚫90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity ⚫Its strategic investments exceed $5bn in areas like AI and renewable energy 🤝 @Cryptocurrency_Inside ✅

💰 Approximately $175B worth of Bitcoin are now held by ETFs, countries, public and private companies — link @CryptoWorldAnalysis

BREAKING: 💰 Hashprice reaches all time low of $46.55/PH/Day, down 74% from its post-halving peak! ⚡️ @CryptoWorldAnalysis

🪙 Since the beginning of March, there has been a sharp rise in ETH staking outflows (dark blue) — link @CryptoWorldAnalysis

💰 The share of Bitcoin perpetual futures traded during APAC opening hours (1am-8am UTC time) has increased to 26%, up from 21% in the months preceding the CFTC’s lawsuit against Binance in early 2023. The share of trading during US opening hours has decreased slightly from 48% to 46% — link @CryptoWorldAnalysis

💰 TRX transfers and USDT transactions continue to represent the bulk of transactions on TRON, combining for over 76% of transactions in Q1 — link @CryptoWorldAnalysis

💳 New Visa dashboard shows that Solana💰 has significantly more stablecoin transactions than any other blockchain. @CryptoWorldAnalysis

💰 "Bitcoin on-chain dynamics are decidedly positive" after the halving, with strong exchange outflows and record ETF inflows suggesting healthy market absorption, according to Bitfinex @CryptoWorldAnalysis

🇺🇸 While the U.S. consistently accounts for the lion’s share of stablecoin purchases, global demand is increasing, with a diverse representation of nations and regions contributing to over $40 billion in purchases in March 2024 alone — link @CryptoWorldAnalysis