On-chain Data

On-Chain Data refers to the information stored on a blockchain network, which encompasses various aspects of the cryptocurrency ecosystem. It includes data related to individuals involved in the crypto space, companies operating in the industry, protocols governing blockchain networks, and crypto exchanges facilitating the buying and selling of digital assets. This comprehensive dataset provides valuable insights into the activities and trends within the cryptocurrency market. For individuals, on-chain data allows for the analysis of their transactions, addresses, and holdings, providing transparency and accountability. Companies can utilize this data to assess market demand, track supply chains, and enhance operational efficiency. Protocols, on the other hand, rely on on-chain data to validate and record transactions, ensuring the integrity and security of the blockchain network. Crypto exchanges heavily rely on on-chain data to facilitate trading, verify transactions, and maintain accurate records of digital asset ownership. This information is crucial for investors and traders to make informed decisions and understand market dynamics.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person

Markets

Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

USD coin holders are not rushing back to the token just yet.

By Shaurya MalwaMar 15, 2023

Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)

Markets

Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos

The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.

By Sage D. YoungMar 14, 2023

Markets

This DeFi Protocol Just Got Hacked but Its Token Is Still Doing Better Than a Major U.S. Bank's

Euler's EUL token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.

By Elizabeth NapolitanoMar 13, 2023

Finance

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.

By Sage D. YoungMar 13, 2023

Finance

Coinbase Officially Suspends Binance USD Stablecoin Trading

Coinbase CEO Brian Armstrong previously said the decision was made due to liquidity concerns.

By Oliver KnightMar 13, 2023

Finance

$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.

By Oliver KnightMar 13, 2023

Markets

USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve

Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.

By Shaurya MalwaMar 13, 2023

Markets

Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents

Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.

By Shaurya MalwaMar 11, 2023

Finance

DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC

The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.

By Danny NelsonMar 10, 2023

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.

By Sage D. YoungMar 10, 2023

Silicon Valley Bank headquarters (Justin Sullivan/Getty Images)

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