LongHash Data

China is an important cryptocurrency market, but its environment is very unique. Why do some tokens do better than others there? Our new report provides background on 20 major digital currencies and their reception in China longhash.com/en/news/3360/A… @mattysino

Testing

#Solana price up over 8,640% since the beginning of 2021, making it the highest YTD rate of the top 10 cryptocurrencies #Defi

.⁦@opensea⁩ #NFT marketplace reached 124,000 users a week, surpassing Uniswap, according to ⁦@DappRadar⁩ ⁦cc @natechastain⁩

The NFT gaming sector has been heating up, with #Ethereum-based game ⁦@AxieInfinity⁩ hitting a record high of 27,000 daily users in July.

With the crackdown on #Bitcoin miners in China, Bitcoin's 30-day average hash rate has fallen sharply, dropping about 13% from its May peak.

Bitcoin energy consumption is estimated at around 124 trillion watt-hours per year (TWh/Year), up 70% year-to-date. Source: ⁦@DigiEconomist⁩

@BennettTomlin Yes, the problem is that some of that data is not up to date and we will be taking down that chart while we look into it. Thank you very much.

Here’s how the recent crypto hit the DeFi market. Makerdao’s 7-day total locked value went down almost 30%. Among the top 10 DeFi projects only ⁦@0xPolygon⁩ increased its weekly TVL — by 38.37%. (Data as of May 21 9:00 UTC)

With #Dogecoin skyrocketing, another dog-themed coin $SHIB recently hit #11 in searches on Chinese social media site Weibo ⁦@Shibtoken⁩

On-chain transactions on #Ethereum are up 23% over the last 30 days. Meanwhile, on-chain transactions on Bitcoin have dropped by around 5%.

Searches for #Dogecoin (狗狗币) recently hit a new all-time high on Baidu, China's leading search engine. #DogeDay

#Coinbase goes public today! Trading volume was $335 billion in Q1 of 2021, up 498% from Q1 2018.

In 2020, spending on enterprise blockchain services in China was almost 7x greater than in 2017, representing 13% of total global spending

Data shows that there are currently 6,906 digital currency-related companies in China, including 585 newly registered companies in 2020 with 99% YoY growth rate. Only 23% of companies are state-owned.

NFT hype in China has been rising. WeChat search volume for “NFT” on March 12 was 26x higher than January 1, 2021. #NFT

Chinese companies continue to outpace the U.S. in blockchain invention patents, accounting for 46% of the world's total in 2020. The U.S. and Japan account for 24% and 8%, respectively.

If you would like something shorter to read, here's an article (also 2018) I wrote for the crew at @longhashdata on why crypto is not the best money laundering avenue for crims: longhash.com/en/news/2259/W… #FightFinancialCrime #NoMoneyForTerror

In February 2021, cryptocurrency exchange #Binance had 2.26x more online visits than #Coinbase. But the market cap of platform token #BNB was only about 41% of the expected valuation of Coinbase's equity:

Bitcoin's having a good week, but DeFi tokens are having a better one. Over the past 7 days, more than 70% of major #DeFi tokens (tokens with at least $100M reported market cap) are up vs. Bitcoin. (Data Source: @MessariCrypto).