Over 17,500 ETH (USD$6.8 million) was spent on fees yesterday on #Ethereum.
As users compete for limited space in the #DeFi ecosystem, arbitrage bots have become unwelcome gas guzzlers, pushing gas prices to all time highs.
Read the full analysis | #Insights
As users compete for limited space in the #DeFi ecosystem, arbitrage bots have become unwelcome gas guzzlers, pushing gas prices to all time highs.
Read the full analysis | #Insights
The compass remains in the bullish quadrant, but #DeFi appears to be receiving more attention than #bitcoin at the moment.
However, with the $12k barrier passed, BTC may soon start to regain dominance in the market.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
However, with the $12k barrier passed, BTC may soon start to regain dominance in the market.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
#Ethereum hash rate hits an ATH.
Ethereum miners have pushed the hash rate to a new record high in the wake of the #DeFi hype and surging fees.
It crossed 250T/s and is now up 80% since the beginning of the year.
The last time the hash rate was this high, was in July 2018.
Live chart | @glassnode
Ethereum miners have pushed the hash rate to a new record high in the wake of the #DeFi hype and surging fees.
It crossed 250T/s and is now up 80% since the beginning of the year.
The last time the hash rate was this high, was in July 2018.
Live chart | @glassnode
#DeFi protocols are facing a wave of attacks which use flash loans to manipulate centralized price oracles. The latest exploit drained $3.3m USD worth of assets from Cheese Bank.
Read more about this exploit | #Insights
Read more about this exploit | #Insights
Glassnode Insights - On-Chain Market Intelligence
DeFi Attacks: Flash Loans and Centralized Price Oracles
DeFi protocols are facing a wave of attacks that use flash loans to target vulnerabilities in smart contracts. The most common exploit relies on centralized price oracles.
From #CeFi to #DeFi in one picture.
The amount of fees on #Ethereum spent on $ETH deposits to centralized exchanges has fallen from ~25% in 2017 to less than 1% today.
Almost all fees spent on txs involving centralized exchanges in the past months were used for ETH withdrawals.
Live chart | @glassnode
The amount of fees on #Ethereum spent on $ETH deposits to centralized exchanges has fallen from ~25% in 2017 to less than 1% today.
Almost all fees spent on txs involving centralized exchanges in the past months were used for ETH withdrawals.
Live chart | @glassnode
$BTC has remained relatively stable over the past week, while #DeFi has its day with another week of strong performance. On-chain fundamentals for #Bitcoin remain strong.
Read more | #TheWeekOnChain
Read more | #TheWeekOnChain
Glassnode Research – Digital Asset Market Intelligence
The Week On-Chain (Week 5, 2021)
BTC has remained relatively stable over the past week, while DeFi has its day with another week of strong performance. On-chain fundamentals for bitcoin remain strong.
As crypto markets experience downside volatility, the demand for stablecoins increases.
A key feature of the burgeoning #DeFi ecosystem is the opportunity to deploy stablecoins into yield producing protocols.
Read our analysis on opportunities to generate yield on stablecoin collateral here
A key feature of the burgeoning #DeFi ecosystem is the opportunity to deploy stablecoins into yield producing protocols.
Read our analysis on opportunities to generate yield on stablecoin collateral here
The #DeFi ecosystem was put to the test last week, as collateral value fell, gas prices spiked, and demand for stablecoins increased.
In this piece we analyse the resilience of #DeFi protocols, and the response of the market to a rapid 50% price mark-down.
Read our Analysis here and Sign-up here for more DeFi related insights.
In this piece we analyse the resilience of #DeFi protocols, and the response of the market to a rapid 50% price mark-down.
Read our Analysis here and Sign-up here for more DeFi related insights.
As the nascent #DeFi sector expands and evolves, a key question is whether the risk-adjusted performance is competitive vs $ETH?
We assess the YTD performance of:
- Spot $ETH
- Spot $DPI
- Yield Farming $SUSHI
- Passive Yearn yDAI
Read more in DeFi Uncovered and subscribe for more DeFi insights.
We assess the YTD performance of:
- Spot $ETH
- Spot $DPI
- Yield Farming $SUSHI
- Passive Yearn yDAI
Read more in DeFi Uncovered and subscribe for more DeFi insights.
Declining $ETH and #DeFi token prices create new and challenging dynamics in the ecosystem.
As yields collapse lower, and speculation demand falls, true adoption metrics and a strong user-base becomes critical.
Read more in DeFi Uncovered and subscribe for more DeFi insights
As yields collapse lower, and speculation demand falls, true adoption metrics and a strong user-base becomes critical.
Read more in DeFi Uncovered and subscribe for more DeFi insights
The #DeFi ecosystem is largely dependant on stablecoins as a preferred collateral, borrow liquidity, and hedge for risk.
In this weeks analysis, we explore a unique attempt to decouple a stablecoin design from fiat backing.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
In this weeks analysis, we explore a unique attempt to decouple a stablecoin design from fiat backing.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
As yields across #Ethereum #DeFi compress, active participants seek out new pools, projects and protocols to find fresh yield opportunities
This week we analyse a number of less obvious sources of yield available in the market
Read more in DeFi Uncovered
This week we analyse a number of less obvious sources of yield available in the market
Read more in DeFi Uncovered
The #DeFi ecosystem has seen capital redistribution out of risk-on speculation, and into risk-off stablecoin yield generation.
In our analysis, we present a short-term bear case for DeFi, alongside future growth opportunities.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
In our analysis, we present a short-term bear case for DeFi, alongside future growth opportunities.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
This week in #DeFi Uncovered, we take a deep dive into the fundamentals, performance and supply dynamics of the $SUSHI project.
We map out the Sushi ecosystem, products, on-chain metrics and protocol incentives.
Read More in DeFi Uncovered and subscribe for more DeFi insights.
We map out the Sushi ecosystem, products, on-chain metrics and protocol incentives.
Read More in DeFi Uncovered and subscribe for more DeFi insights.
Alongside #Ethereum launching EIP1559, the broader #DeFi market has caught a bid.
This week, we analyse the $ETH burn rate of EIP1559, and examine core metrics like revenue, users, and TVL for assessing #DeFi valuations.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
This week, we analyse the $ETH burn rate of EIP1559, and examine core metrics like revenue, users, and TVL for assessing #DeFi valuations.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
The total $ETH held on exchange balances has hit an all-time-low, at the same time as $ETH 2.0 staking hits new highs
This week we analyse $ETH capital rotation through #DeFi protocols, and experiments in liquidity stickiness
Read more in DeFi Uncovered and subscribe for more DeFi insights.
This week we analyse $ETH capital rotation through #DeFi protocols, and experiments in liquidity stickiness
Read more in DeFi Uncovered and subscribe for more DeFi insights.
As derivatives led the sell-off this week, the value locked in #DeFi protocols has held up remarkably well.
Interestingly, the valuations of #DeFi tokens appears to have dislocated from this uptick in protocol usage and TVL.
Read more in DeFi Uncovered and subscribe for more DeFi insights.
Interestingly, the valuations of #DeFi tokens appears to have dislocated from this uptick in protocol usage and TVL.
Read more in DeFi Uncovered and subscribe for more DeFi insights.