Crypto Coinfessions ✖️

1inch Network's aggregator continued to dominate volume. The platform accounted for 59% of the total aggregator volume in Q1, an increase from 47% in Q4'22. - source.

The Accumulation Cycle Still Intact, Despite the Recent Correction #Bitcoin has moved into a -10 percent correction after ascending almost 100 percent during early 2023. While the price action looks bad, traders should still remember to stay calm. read more.

#DEX traders on #Ethereum jumped up to 72.19k on Apr 19, once again driven by the memecoin mania. It's the highest number of daily DEX traders since the end of 2021, over a year ago. read more.

#Gold, one of the world's oldest and most revered assets, is experiencing a boom time. - read more.

Active addresses on #Ethereum fell over the week to a daily average of 454K per day, a drop of 21% from the week prior. read more.

Q1 2023 was #Ethereum’s second quarter of negative net issuance. As market sentiment improved, there was an uptick in on-chain activity, which led to higher fees and greater burn. read more.

The Web3 games that have the most players this year so far are Alien Worlds (world-building strategy game) and Splinterlands (trading card game), which have an average of around 130K+ players daily. - read more.

#Bitcoin market found resistance this week, reverting from the weekly high above $30,456k, back down to a low of $27,169k. - read more.

Over the past 6 months, #Bitcoin's correlation with the S&P 500 and #Nasdaq has waned considerably. Correlations with Gold were also waning over the same time period until the SVB collapse and US gov intervention. - source.

#BTC #Bitcoin Open Interest Falls As Longs Are Liquidated After starting the month around $7.5B we saw about $500m of liquidation, before a huge run up of new contracts opened on April 10th. - read more.

Token Prices Largely Rallied Across All Sectors, But #BTC #Bitcoin Outperformed Most Of Them All top 5 cryptocurrencies recorded double digit gains. BTC outperformed everyone else with a 72% increase, followed by #ADA (+62%), #XRP (+58%), #ETH(+52%) and #BNB (+52%). - source.

#Tether Continues To trade At A Slight Premium #USDT has been trading at a premium on centralized exchanges ever since the March banking crisis, which saw traders rotate funds out of USDC amid fears surrounding Circle's reserves. - read more.

Monthly #DEX volume on #Arbitrum and #Optimism now sits at around 20% of #Ethereum’s monthly volume. - read more.

#Ethereum #DEX Volume Dominance Decreasing Ethereum mainnet’s role as the hub for DEX trading volumes is showing signs of weakness. For the first time since the end of 2021, Ethereum’s 90 day moving average in DEX trading volumes is beginning to decrease. - source.

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Since The Merge moved #Ethereum away from an energy-intensive proof-of-work consensus mechanism to a more environmentally friendly proof-of-stake method, the supply of ether has declined by more than 100,000 coins. - read more.

A few hours after the closing of options contracts #Bitcoin #btc #btcusd #btcusdt shows a correction trend. The confirmation would be if the resistance of $28157.26 is broken. - read more.

The number of unique #NFT buyers on the main marketplaces began to decrease significantly in April. - source.

The OI in #CME's #Ether futures has grown by a whopping 39% since Shanghai upgrade, while #BTC activity reigns stale - source.

Close to 1.5 million #Ether #etherum #eth has been withdrawn since the Shanghai upgrade on Wednesday 12th of April. Two-thirds of these withdrawals are built-up rewards from past validator duties. - source.