From: rubikkav.nft

The percentage of gas consumed by #DeFi protocols has dropped from 34% in 2020 to between 8% and 16% presently, with nonfungible tokens (#NFTs) commanding the maximum share of 25–30%, according to a recent report from #Glassnode.

Glassnode’s supply-weighted price index for D...

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Monthly parameters suggest that #Bitcoin #BTCUSD could touch $22,942.81.

Price is being forced into a weekly correction that has led to volume loss, #volatility and low sentiment.

However, for the upward trend to continue it is necessary to break the resistance of $27724.91, which was rejected a few days ago.

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Despite a decline in #NFT trading activity on #Blur and other #Ethereum NFT markets over the past month, Blur's lending platform experienced significant growth.

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From April into mid-May, the 7-day moving average of transactions on the #bitcoin #network literally soared to new heights as Ordinals and BRC-20 tokens drummed up network activity, and consequently the average transaction fee.

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#Bitcoin 180D volatility hits a multi-year low.

According to Kaiko, #BTC and #ETH's long-term #volatility, which has been steadily declining since Nov 2022, just hit its lowest level in more than two years.

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Digital asset investment products saw outflows totaling $62m, marking the 7th consecutive week of outflows that now totals $329m. Source: https://buff.ly/45Kg5Qv

According to #CryptoSlate, #crypto #market saw $298.51 million liquidated in the past 24 hours, with more than 110,000 traders affected.

Data from #Coinglass showed that long traders lost $275.31 million, with Bitcoin and Ethereum accounting for $130.46 million of these losses.

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Average gas fee on the #Ethereum #network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.

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🐳 As more and more #Ethereum has been moving into #selfcustody & #DeFi #options, many of these coins have been absorbed by the largest whale addresses on the network.

The 10 largest non-exchange addresses now hold an #AllTimeHigh 31.8M $ETH worth $59.47B.

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#Dominance of #Bitcoin supply has seen a dramatic shift over the last two years, according to #glassnode. US entities are now holding 11% less #BTC than they were in June 2022, whilst investors active during Asian trading hours have picked up 9.9%. Source: https://buff.ly/3OT6kcD

#FederalReserve’s actions, specifically its interest rate decisions, serve as an external catalyst that influences #BTC #Bitcoin’s price movements, as noted by Swissblock. More: https://buff.ly/3qjcR6c

Despite a drop in #volatility, #BTC's risk-adjusted returns are now less than #Nasdaq's.

BTC outperformed in risk adjusted terms in the first four months of the year, but it has recently fallen behind tech stocks.

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According to #GrandViewResearch, #DEFI Global Decentralized Finance Market was valued at USD 13.61 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 46.0% from 2023 to 2030.

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#Bitcoin triggered the alarms by breaking the weekly support of $26436.81 (MA200W1), together with the value of the EMA50 at exactly $25874.66.

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#Ripple #XRP open interest has steadily increased in May, hovering around yearly highs of over $500 million.

XRP prices have also regained some ground, suggesting that the token is gaining momentum ahead of the long-awaited court decision in the legal dispute between XRP's issuer Ripple and the U.S. SEC.

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The market cap of #crypto projects directly developing #AI models on blockchain, applying AI to decentralized applications or solving for AI-related issues is still fairly low at only 0.07% of the total across all tokens. Source

After the #FTX collapse, #Etherum #ETH #futures #trade volume collapsed to just ~$7.5B/day, according to #Glassnode.

Volumes have seen a comeback in 2023, however the 30-day average ($12.0B/day) remains well below the yearly average ($21.5B/day).

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#BNB and #ETH were the only deflationary tokens during Q1’23 at -5.4% and -0.2%, respectively, according to #messari.

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#Bitcoin supply held by entities in Asia increased by 9.9% in 2023, as the region begins introducing crypto-friendly regulation and U.S. tightens its regulatory stance, according to #cryptoslate.

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Tokens associated with early #DeFi projects such as #Link (LINK), #Synthetix (#SNX), #Curve (#CRV), #Uniswap (#UNI), #MakerDAO (#MKR), #Aave (#AAVE), and #Compound (#COMP) registered their lowest combined volume in since January 2020 last month.

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U.S. crypto market share remains dominant but has fallen from 85% at the start of 2023 to 70% today — link