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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
The market value of blockchain assets this week remained stable compared with last week, and the market value of 42 projects in the TOP100 project increased to varying degrees. According to the coinmarketcap data, as of October 28, 2018, the total market value of the top 100 projects in the global blockchain asset market value was US$2004.83 billion, a drop of 0.99%. There are 4 new projects entering TOP100 this week. On October 28th, Bitcoin price was $6477.32, down 0.56% from last week, and Ethereum price was $204.25, down 1.29% from last week.
The block size and the average number of transactions in the block of Bitcoin declined this week; the block size and average number of transactions in Ethereum increased from the previous month. The average number of unconfirmed transactions in Bitcoin increased by 11.36% compared with the same period from last week. The average number of unrecognized transactions in Ethereum increased slightly compared with the same period last week. Bitcoin miners’ fees rose on a month-on-month basis, and Ethereum’s miners’ fees fell. The average number of unconfirmed transactions in Bitcoin for 7 days was 4,560, and the number of unconfirmed transactions in Ethereum was 85,223. This week, the bitcoin computing power decreased by 1% from the previous month, and the Ethereum’s computing power decreased by 3.03%. Bitcoin’s average miner’s fee per day was 0.487USD, up 25.51% from last week, and each miner’s fee in Ethereum was 0.133USD, down 2.21% from last week. The total number of blockchain wallets reached 29.68 million, and the total number of Ethereum addresses reached 47.83 million.
The INS code is the most active, and Swachhcoin is the most highly regarded project in the telegram community. For the GitHub code this week, the number of INS code commits reached 372 commitments. In terms of community activity, Facebook’s public homepages for Bitcoin, Ethereum, and Ripple (XRP) are ranked in the top three; in Twitter, the top three fans are Ripple, Bitcoin, and Ethereum; Swachhcoin is the most highly regarded project in the telegram community, with VendiCoins, the most popular with fans for the past 24 hours.
According to the <Huobi Blockchain Big Data Weekly Insight>, this week added new data ETH DAPP activity. From the perspective of total activity, EOS’s DAPP has exceeded ETH regardless of the number of transactions or transaction amount (converted to USD), but DAPP is mainly concentrated in gambling (more than 90%) compared to EOS, and ETH’s DAPP is more diverse (Including but not limited to exchanges, games, gambling, etc.) This week, a total of three investment and financing projects in the blockchain industry were counted, and all three were strategic investments, and no specific financing amount was disclosed.
1. Weekly Market Review
1.1 Market overview
The market value of blockchain assets this week remained stable compared with last week, and the market value of 42 projects in the TOP100 project increased to varying degrees. According to the coinmarketcap data, as of October. According to the coinmarketcap data, as of October 28, 2018, the total market value of the top 100 projects in the global blockchain asset market value was US$2004.83 billion, a drop of 0.99%. Among them, the market value of USDC increased the most, the market value increased by 419.62% from last week, and the market value rose from the 185th to the 58th. The market value of CMT fell the most, down 20.03% from last week, and the market value fell from 69th to 92nd. This week, a total of 4 new projects entered the TOP100, respectively, USDC (market value rose 419.62%, ranking rose to 58th), PAX (market value rose 131.79%, ranking rose to 69th), R (market value rose 68.81%, ranking Rising to 83rd place) and MGO (market value rose 55.25%, ranking rose to 89th place). This week’s TOP100 project token price increase was the largest MGO, an increase of 55.25%, the biggest decline was CMT, a drop of 20.03%. On October 28th, the price of Bitcoin was $6477.32, down 0.56% from the previous week, and Ethereum price was $204.25, down 1.29% from the previous week.
The trading volume of 24h this week dropped to a certain extent, with a drop of 4.88%. On October 28, 2018, as a whole, the 24h trading volume decreased by 4.88% compared with the same period last week. This week, 12 of the TOP100 projects fell by more than 50% in 24h trading volume, the highest was AE, and the 24h trading volume was the same as last week. It fell 73.42%, followed by CMT, down 72.55% from the same period last week. This week, 50 projects have increased their trading volumes in 24 hours, and their 20 projects have increased by more than 100%, the highest of which is BCD, at 3855.00%.
The market value of the TOP10 project was relatively stable, and the market value of the 10 projects all fell to varying degrees. On October 28, the market value of TOP10 assets was 177.152 billion US dollars, down 0.99% from the previous week, accounting for 84.77% of the total market capitalization of blockchain assets, which was flat compared with last week. On October 28, 10 projects in the market capitalization of TOP10 assets fell to varying degrees, with a drop of 0.99%. BTC’s market value this week accounted for 53.76%, which was flat compared with last week.
1.2 Segment Analysis
The overall market value of physical assets and token-based projects increased the most, and the average market value of physical assets and token-based projects fell the most. On October 28, 2018, in the global blockchain
asset TOP100 project, the total market value of physical assets tokenization projects this week was 2.395 billion US dollars, up 4.00% from last week, the largest increase. In addition, the average market value of physical asset tokenization projects this week was 479 million US dollars, down 37.60% from last week, the largest decline. The reason why the overall market value of physical asset tokenization projects increased the most and the average market value dropped the most was that two physical asset tokenization projects entered Top100.
The market segment distribution of the top 100 cryptocurrencies remained stable. As of October 28th, 2018, the proportion of the market segments has remained stable among the top 100 compared to last week. The largest overall market cap by segment was still coin projects, accounting for 65.39%, slightly decreased from last week.
Note: According to the different attributes of cryptocurrencies, Huobi Research will divide them into four categories: Coin, Application, Platform and Tokenization.
Coin: The coin category refers to cryptocurrencies that aim to solve the problems of modern day fiat currencies, providing benefits like decentralization, improved safety, lower transaction fees, and faster confirmation speeds. The most popular coin cryptocurrency is Bitcoin. The value of coin cryptocurrencies lies in its ability to act as a medium of exchange.
Blockchain Platform: The Blockchain platform category refers to Blockchain projects that provide a platform upon which developers can create applications using the underlying Blockchain. Applications can utilize the platform’s Blockchain without needing to create one themselves. Blockchain platform assets grant the right to use and participate in the platform.
Blockchain Application: The Blockchain application category refers to Blockchain projects that have specific use cases. These could either utilize their own Blockchain, or exist on a Blockchain platform as a “dApp”. Blockchain application assets grant the right to use and participate in its use cases, and its value lies in the application’s ability to perform its function.
Tokenization: The tokenization category refers to Blockchain projects that is linked to actual assets like gold or USD. The most popular tokenization project is Tether. The value of a tokenization asset lies in the value of the underlying physical assets.
Read Full Report Here: Huobi Research Weekly (Vol.34)