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NEW - Texas Blockchain Council Director of Bitcoin Mining Analytics announces candidacy for Texas House of Representatives.
"Texas is
#bitcoin
country." đșđž
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đą Attention Binancians! Join us for the Binance Super Meetup â a night of learning, networking, and fun! đ Date: November 17, 2024 đ Time: 4:30 PM â 9:00 PM IST đ Location: New Delhi, India What to Expect: đ€ Insights from Binance leaders đ Fun activities, food, and surprises đ Games & prizes with exclusive swag đ€ Networking with fellow Binancians đ Register now to secure your spot and view the full agenda! https://www.binance.com/en/events/BinanceIndiaMeetupNov24?utm_medium=Email&utm_source=CRM Canât wait to see you there! #binanceIndia
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đșđž We are now only 1 month out from the potential spot #Bitcoin âŻâŻETF approval date Bullish đ
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In just 20 days, 5 major hacks occurred, with funds exceeding $290M. #HackerAlert
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AAVE V2 USDT+USDC Liquidity vs FED Fund Rate 2 Significant drop in liquidity post Terra & FTX Sep 2022: - FED raises 75bps from 2.33% to 3.08% - USDT & USDC liquidity dropped by $1B (-55%) Jul 2023: - FED raises 25bps from 5.08% to 5.33% - USDT & USDC liquidity dropped by $380M (-33%) Stablecoin rates in DeFi became less attractive from a risk and reward perspective as they were also offering a similar rate. With the recent bullish sentiment in crypto, the demand for leverage has spiked, which could increase the supply and borrowing rate. Let's see if the stablecoin liquidity and supply rate in lending protocols will go back up
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Analytics from IntoTheBlock about the state of the ecosystem #Optimism Number of Holders âThe Optimism token $OP currently has 978k holders, the highest on the network. âWorldcoin (WLD) follows closely with 788k holders, indicating a strong community. âProjects like Synthetix (SNX), Velodrome (VELO), and others show lower holder counts, suggesting room for growth and potential for increased network effects as they continue to develop and scale. Holder Profitability âWorldcoin's (WLD) takes the lead here, with 59.36% of holders in profit. âVelodrome (VELO) and Optimism (OP) holders have a profitability of 40.82% and 39.26% respectively, an interesting area where holders may be evaluating the timing for realizing gains or reinvesting. âThe rest of the projects depict a more challenging environment, with fewer holders in profit. Transaction volume âOptimism (OP) leads the transaction volume with $41.1 million. âSynthetix (SNX) follows with a significant gap at $13.6 million. âWorldcoin (WLD) shows $8.8 million, with lesser but still notable transaction volume. âThe rest, including Kwenta (KWENTA) and Sonne Finance (SONNE), contribute smaller amounts to the overall volume, with $0.7 million and $0.2 million, respectively. Whale concentration âExtra Finance (EXTRA) has the highest whale concentration at 96.96%, indicating a significant proportion of the token is held by a small number of addresses. âVelodrome (VELO) follows closely with 96.2% whale concentration. âOther notable tokens with high whale concentration include Sonne Finance (SONNE) at 88.49%, Worldcoin (WLD) at 86.18%, and Beethoven X (BEETS) at 80.3%. âOptimism's native token (OP) shows a whale concentration of 68.58%, which is lower relative to other tokens in the ecosystem but still substantial. âSynthetix Network Token (SNX) displays the lowest concentration at 52.23%, suggesting a broader distribution among holders.
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