Tag: Data

Number of blockchain developers slid by 24% in 2023, data shows

According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. In a 180-page research report, crypto venture firm Electric Capital revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. Despite the overall decrease, the study indicates a steady growth in the number of blockchain developers who have been actively contributing to the space for more than one year. This subgroup has seen…

Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows

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CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) and decentralized exchanges (DEX). Centralized Crypto Exchanges Dominated Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked…

BRC-20 trading volumes surge 10x since November 2023, data shows

Trade volume for BRC-20 tokens increased $10-15 million to more than $500 million since November 2023, as per data from Kaiko. Tokens minted on the Bitcoin blockchain are gaining momentum as their trading volumes increased by ten times since the end of 2023, according to Kaiko data. In a report on Jan. 15, the Paris-based analytics blockchain firm revealed that trading volumes for BRC-20 tokens skyrocketed from $10 million in November 2023 to more than $500 million in January, attributing the increase to Binance, which recently launched spot and perpetual…

US CPI Data Could Drive BTC to $50,000

Bitcoin price soared to a 20-month peak of $48,965.41 after the U.S. Consumer Price Index report for December 2023 was released on Jan 11.  The U.S. Bureau of Labor Statistics released the U.S. Consumer Price Index (CPI) report on Jan. 11, showing higher-than-expected inflation figures. Early market reactions saw U.S. stocks stumble as the S&P 500 dropped 1% within five hours of the report. On the flip side, cryptocurrency markets received a massive boost as Bitcoin (BTC) retested the $49,000 area for the first time since May 2022.  U.S. CPI…

Etherscan Acquired Solana to Enhance Services and Ensure Fair Blockchain Data Access

Etherscan, the premier Ethereum block explorer, has officially acquired Solscan, a leading block explorer for the Solana ecosystem. This acquisition, announced on January 3, 2024, marks a significant milestone in the evolution of blockchain technology and data services​​​​. Etherscan, founded in 2015, has been a cornerstone in the crypto space, renowned for its independent and pioneering role. Its latest move to acquire Solscan is seen as a strategic expansion to enhance its service offerings across multiple blockchain networks. Solscan, since its inception, has been a pivotal player within the Solana…

Crypto dashboard Ledger Live tracks user data, researcher says

A researcher revealed questionable practices by Ledger that raises important privacy concerns about the leading crypto wallet. In a recent X thread a cryptocurrency researcher unveiled practices by Ledger that raise concerns about privacy for Ledger Live users. The researcher particularly raised concerns regarding how Ledger Live manages user data and the limited options for offline use on Ledger hardware wallets. According to @rektbuildr’s findings, Ledger Live actively monitors users and gathers data, performing a device check whenever a Ledger device connects. Ledger Live embeds the genuine check into the…

Over 80% crypto discussions on Reddit were positive in 2023, data shows

Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of discussions in 2023 were positive. According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community members are “embracing cryptocurrencies, and this vibrant online platform reveals their upbeat outlook.” However, the same cannot be said for X, where out of 19,470 crypto-related tweets, only 65% conveyed…

Bitcoin Grabs 13th Spot As World’s Most Valued Currency, Latest Data Show

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In a groundbreaking financial shift, Bitcoin, the world’s original and deeply capitalized cryptocurrency, has swiftly climbed the ranks, securing its place among the top 15 largest currencies globally. Bold, a Bitcoin credit card company, revealed this remarkable feat in December, emphasizing Bitcoin’s uniqueness as the sole crypto in the top 20 currencies of sovereign central banks. Examining the data provided by CEIC and CoinGecko paints a vivid picture of Bitcoin’s extraordinary ascent. On the pivotal date of November 19, Bitcoin’s market capitalization soared to over $835 billion, solidifying its position…

Data Shows DOGE Adoption Is Accelerating

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On-chain data suggests the Dogecoin adoption has been picking up recently as a large number of new addresses are popping up on the network. Dogecoin Is Observing A High Number Of Daily New Addresses Currently In a new post on X, analyst Ali talked about how the Dogecoin network activity has been looking like recently in terms of new address creation. A “new address” is one that has taken part in some kind of transaction activity for the first time. Some of the new addresses that pop up on the…