ethereum

Analyzing The Growth Of Stable Coins

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.

Cylynx

June 25, 2020 · 3 min read

Tracing the Trail of the Upbit Hack

We analyzed the activities of the Upbit hack by tracing transaction trails and reveal sophisticated attempts by the hackers to conceal the origin of funds and cash out the stolen ETH through exchanges.

Cylynx

May 27, 2020 · 4 min read

Efficient Large Graph Label Propagation Algorithm

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.

Cylynx

March 19, 2020 · 3 min read

Understanding the Structure of Exchanges on the Ethereum Chain

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

Cylynx

January 07, 2020 · 4 min read