To what extent are Cryptocurrency prices being driven by institutional investors or retail traders? We explore this question and more with a deep dive into 3 on-chain metrics which investors or anyone interested in the virtual asset markets should keep track of.
With its total market cap exceeding $10 Billion in May 2020, stable coins are becoming increasingly popular with investors in the cryptocurrency space. In this article, we investigate 5 popular ERC20 stable coin - TUSD, USDT, PAX, USDC and BUSD. Through a combination of time series analysis and network plots, we characterise their growth trajectory and highlight key patterns and behaviours.
The structure of a blockchain fits very naturally into a graph representation, with addresses being the nodes and transactions being the edges of a graph. By modelling the blockchain as a graph, we can get a comprehensive view of the activities that are on-going and how the different entities are related to each other.
Being the central gateway in the cryptocurrency world, it is surprising how little work has been done to characterise the structure of exchanges. This includes their governance structure, how they receive funds and carry-out transactions on behalf of their users. In this post, we analyse the structure of exchanges on the ethereum chain