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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 generally increased this week, with 88 of the top 100 cryptocurrencies increased to varying degrees. On September 2nd, the total market cap of the TOP100 cryptocurrencies reached to 237.21 billion dollars, a 10.67% increase from last week. 3 Cryptocurrency projects entered the top 100 this week. On September 2nd, Bitcoin’s price was at $7221.86, up 8.08% from last week, and Ethereum price was at $295.62, up 7.53%. HB10’s price increased by12.68% this week.

Both average number of transactions per block and average block size slightly increased on Bitcoin. Both average number of transactions and average block size decreased on Ethereuam. Average number of unconfirmed transaction in Ethereum and Bitcoin increased by 37.53% and 27.2%, respectively. Bitcoin’s transaction fees Ethereum’s transaction fees both decreased. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum are 3390 and 62451, respectively. Bitcoin’s Hashrate increased by 8.06% and Ethereum’s decreased by 2.32%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.632 and $0.158, decreasing 41.4% and 65.13% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 28.16 million and 44.61 million, respectively.

RHOC was the most active project on GitHub this week, with 102 commits submitted in the past week. Libra Credit 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. Shopin attracted the most fans on Telegram in the last 24 hours.

According to <Huobi Blockchain Big Data Weekly Insights>, The volume of transactions on Blockchain changed significantly, with Bitcoin blockchain transactions rising 10% from last week and Ethereum Blockchain transactions decreasing 7.7% . The change in balance of Top30 address is significant. Bitfinex, ranked No.1 in Top 30 Bitcoin address, had an outflow of 1099 BTC. Binance’s total net inflow is 77972 ETH, ranked the first in Ethereum Top 30 address.

Singapore had the most ICOs this week, with platform projects being the most popular ICO project category. Among all 133 ICO projects, majority of them took place in Singapore. Platform projects were the majority. Financing applications were the majority in application projects. 6 investment activities took place in the Blockchain industry this week, Blockchain application attracted the most investment. Among them, Dfinity received $102 million strategic financing, accounted for the largest single financing project this week.

Download the Full Report:Huobi Research Weekly (Vol.26) 2018.8.27-9.2

 

Posted by Huobi Blog