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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.

Abstract

Market cap and transaction volume of cryptocurrencies remained stable this week, with 30 of the top 100 cryptocurrencies increased to varying degrees. On August 20th, the total market cap of the TOP100 cryptocurrencies reached to 212.289 billion dollars, a 1.07% decrease from last week. 6 Cryptocurrency projects entered the top 100 this week. On August 20th, Bitcoin’s price was at $6400.32, up 1.11% from last week, and Ethereum price was at $295.90, down 8.70%. HB10’s price increased by 1.78% this week.

Average number of transactions per block slightly increased and average block size slightly decreased on Bitcoin. Both average number of transactions and average block size increased on Ethereuam. Average number of unconfirmed transaction in Ethereum and Bitcoin decreased and increased by 39% and 10.19%, respectively. Bitcoin’s transaction fees decreased and Ethereum’s transaction fees increased. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum are 2888 and 41506, respectively. Bitcoin’s Hashrate increased by 5.64% and Ethereum’s decreased by 2.69%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.653 and $0.195, increasing 33.53% and 7.14% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 27.82 million and 43.71 million, respectively.

XMX was the most active project on GitHub this week, with 128 commits submitted in the past week. Multiversum was the most popular group on Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remained as the most popular communities on Facebook and Twitter. Multiversum attracted the most fans on Telegram in the last 24 hours.

According to <Huobi Blockchain Big Data Weekly Insights>, “Bitcoin”, “Bot” and “Coinbase” were the hottest words on r/CryptoCurrency this week. Among the top three search engines (Google, Baidu, WeChat), the popularity for Bitcoin and Ethereum increased, but other cryptocurrencies and blockchain continued to decline in both Baidu and Google last week.

Singapore had the most ICOs this week, with platform projects being the most popular ICO project category. Among all 40 ICO projects, majority of them took place in Singapore. Platform projects were the majority. Financing applications were the majority in application projects. 9 investment activities took place in the Blockchain industry this week, Blockchain application attracted the most investment. SNC obtained a 10Million RMB Pre-A round financing from OK Capital, accounted for the largest financing this week. In addition, Huobi Global Ecology Fund made a strategic investment in TokenPocket and Bitland made a strategic investment in Lambda Project, the specific amount for both transactions has not been disclosed.

Download the Full Report:Huobi Research Weekly (Vol 24) 2018.8.13-8.20

Posted by Huobi Blog