Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
This week, the market cap and 24h trading volume of cryptocurrency have both dropped. The market cap of 92 items in Top100 assets has declined to varying degrees. HB10 experienced a decline On May 27, the total market cap of the TOP100 cryptocurrencies decreased to $309.39 billion, a 13.84% decrease from the previous week. 24h total market trading volume decreased by 18.86% compared to that of the previous week. ZEN is the top performer of the week, whose market cap ranking stepped forward by 32 and 100 respectively, all entering the TOP100. Bitcoin was at $7328.91, down 11.52% from the previous week, and Ethereum was at $583.46, down 17.39% from last week. HB10 went online this week, declined 5.4% in a 5-day period.
Unconfirmed transactions number in Bitcoin hugely decreased by 33.5%. Ethereum’s average unconfirmed transaction increased by 55.4%. Bitcoin miner’s fees and Ethereum both fell sharply. The 7 days averaged number of unconfirmed transactions in Bitcoin and Ethereum was 1876 and 32,483. Bitcoin hashrate increased by 9.86%, and Ethereum’s hashrate decreased by 0.32%. The average daily transaction fee for Bitcoin and Ethreum was $0.992 and $0.406, which decrease 24.9% and 26.6% respectively from last week. The total number of blockchain and Ethereum addresses reached 24.95 million, and 34.86 million.
The TRON code has the highest level of activity. DateCoin has become the focus of attention on Telegram. Github code TRON reached 225 commits this week. In terms of community activity, homepages of Bitcoin, Ethereum, and Ripple (XRP) ranked top three on Facebook; The top three projects on Twitter are Ripple, Bitcoin, and Ethereum; and DateCoin attracted the most attention on Telegram, with DateCoin being the fastest-growing project in the past 24 hours.
New digital assets fundraising this week mostly come from the United States, with blockchain platform projects capturing most of the market attention. 45 new digital asset projects finalized the public funding process, most of them were from Estonia and the US, which focus on blockchain platform area, followed by infrastructure, finance, social and payment etc. Among 10 fundraising projects that we followed, Superchain was the biggest one, who raised over 10million RMB from an angel investor.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 12 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!