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

Derivatives volumes decreased by 14.4% in May to $1.92tn.

The #derivatives #market now represents 79.5% of the entire crypto market (vs 78.3% in April).

This is a new all-time high for the market share of derivatives, highlighting the increased usage of leverage as the price of major crypto assets remains rangebound, after struggling to break key support and resistance levels. 👇🏻

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#Bitflyer is Japan's largest crypto exchange, with a market share of 38.0% and a trading volume of $1.51 billion in May 2023.

This represented a -28.8% month-on-month (MoM) decline, having recorded $2.12 billion in April 2023. More: https://buff.ly/42nOv8V