How Overvalued Are Top Blockchains?
Market Cap to Revenue (annualized total fees) ratio compares a project's valuation to the fees that it generates. A low ratio indicates that the protocol is undervalued, and a high ratio the opposite.
Among major smart contract platforms, BNB Chain and Ethereum have the lowest ratios, mostly due to high usage of the networks (or, higher fees), even despite having the highest market cap among the mentioned blockchains. Algorand, on the other hand, has the highest ratio due to decent valuation, but low fees and moderate number of transactions.
👉https://cryptorank.io/tags/smart-contract-platform
Market Cap to Revenue (annualized total fees) ratio compares a project's valuation to the fees that it generates. A low ratio indicates that the protocol is undervalued, and a high ratio the opposite.
Among major smart contract platforms, BNB Chain and Ethereum have the lowest ratios, mostly due to high usage of the networks (or, higher fees), even despite having the highest market cap among the mentioned blockchains. Algorand, on the other hand, has the highest ratio due to decent valuation, but low fees and moderate number of transactions.
👉https://cryptorank.io/tags/smart-contract-platform
🔥12
📈Market Overview
Bitcoin attempted to violate local lows on September 16 as the latest cross-crypto downtrend intensified. Bitcoin exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from Cryptorank.io showed BTC approaching $19,800 at the time of writing, with buyer support just avoiding a further drop.
The Top-10 cryptocurrencies are traded in different directions: XRPL +7.57%, Cardano +1.27%, Ethereum -2.85%.
Market capitalization: $1.01T (-0.25%)
The BTC dominance: 37.51% (+0.79%)
Fear & Greed Index: 22 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Viberate (VIB) +170%
OAX (OAX) +103%
Wabi (WABI) +101%
👉 Top Losers
JPEG'd (JPEG) -29.3%
Phoenix Global (PHB) -18.7%
Neblio (NEBL) -18.6%
BTC Futures
Aggregated Volume — $28.7B
Aggregated Open Interest — $11.2B
👉 Derivatives Market Analytics
Bitcoin attempted to violate local lows on September 16 as the latest cross-crypto downtrend intensified. Bitcoin exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from Cryptorank.io showed BTC approaching $19,800 at the time of writing, with buyer support just avoiding a further drop.
The Top-10 cryptocurrencies are traded in different directions: XRPL +7.57%, Cardano +1.27%, Ethereum -2.85%.
Market capitalization: $1.01T (-0.25%)
The BTC dominance: 37.51% (+0.79%)
Fear & Greed Index: 22 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Viberate (VIB) +170%
OAX (OAX) +103%
Wabi (WABI) +101%
👉 Top Losers
JPEG'd (JPEG) -29.3%
Phoenix Global (PHB) -18.7%
Neblio (NEBL) -18.6%
BTC Futures
Aggregated Volume — $28.7B
Aggregated Open Interest — $11.2B
👉 Derivatives Market Analytics
👍4
EthereumPoW (ETHW) Listed on AscendEX
EthereumPoW (ETHW) is now available for trading on AscendEX, as of Sep 15. The supported trading pair is ETHW/USDT. ETHW was be airdopped 1:1 to AsecendEX holders of ETH.
👉https://twitter.com/_AscendEX/status/1570526236799291392
EthereumPoW (ETHW) is now available for trading on AscendEX, as of Sep 15. The supported trading pair is ETHW/USDT. ETHW was be airdopped 1:1 to AsecendEX holders of ETH.
👉https://twitter.com/_AscendEX/status/1570526236799291392
Trending NFT Collections By 7D Volume
Promising technology of Non-Fungible Tokens drives mass adoption of cryptocurrencies. Discover the most popular NFT collections by trading volume from the past 7 days for more insights.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
Promising technology of Non-Fungible Tokens drives mass adoption of cryptocurrencies. Discover the most popular NFT collections by trading volume from the past 7 days for more insights.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
👍5🔥1
Top 10 Recently Added on CryptoRank in the Last 7 Days by 24H Trade Volume 🚀
EthereumPoW leads, followed by hiENS3, hiODBS, and OCEANA Waters.
👉https://cryptorank.io/trending
EthereumPoW leads, followed by hiENS3, hiODBS, and OCEANA Waters.
👉https://cryptorank.io/trending
👍4
📈Market Overview
There was a slight recovery in the crypto market over the weekend along with a drop in trading volume. Bitcoin is currently trading around $20,061, which represents a +1.01% increase over the past 24 hours
The Top-10 cryptocurrencies are traded in green zone: XRPL +10.6%, Solana +3.02%, Cardano +2.63%.
Market capitalization: $1.03T (+0.98%)
The BTC dominance: 37.42% (+0.08%)
Fear & Greed Index: 27 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
apM Coin (APM) +71.6%
Goldfinch (GFI) +58.3%
OAX (OAX) +55.9%
👉 Top Losers
Viberate (VIB) -28.5%
QuarkChain (QKC) -12.9%
MinePlex (PLEX) -12.7%
BTC Futures
Aggregated Volume — $14.7B
Aggregated Open Interest — $11.5B
👉 Derivatives Market Analytics
There was a slight recovery in the crypto market over the weekend along with a drop in trading volume. Bitcoin is currently trading around $20,061, which represents a +1.01% increase over the past 24 hours
The Top-10 cryptocurrencies are traded in green zone: XRPL +10.6%, Solana +3.02%, Cardano +2.63%.
Market capitalization: $1.03T (+0.98%)
The BTC dominance: 37.42% (+0.08%)
Fear & Greed Index: 27 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
apM Coin (APM) +71.6%
Goldfinch (GFI) +58.3%
OAX (OAX) +55.9%
👉 Top Losers
Viberate (VIB) -28.5%
QuarkChain (QKC) -12.9%
MinePlex (PLEX) -12.7%
BTC Futures
Aggregated Volume — $14.7B
Aggregated Open Interest — $11.5B
👉 Derivatives Market Analytics
👍7❤1
🚀The TOP-10 Trending Searches on CryptoRank in the Last 7 Days
Terra Classic leads, followed by Moonbeam, Solana and Cosmos.
👉https://cryptorank.io/trending
Terra Classic leads, followed by Moonbeam, Solana and Cosmos.
👉https://cryptorank.io/trending
👍8
Top 10 Gainers Of The Week 📈
$VIB +440%
$OAX +229%
$QLC +121%
$WABI +115%
$PIVX +96.5%
$PHB +93.5%
$NEBL +47.9%
$AST +46.6%
$REEF +42.2%
$DFG +36.7%
👉 https://cryptorank.io/performance
$VIB +440%
$OAX +229%
$QLC +121%
$WABI +115%
$PIVX +96.5%
$PHB +93.5%
$NEBL +47.9%
$AST +46.6%
$REEF +42.2%
$DFG +36.7%
👉 https://cryptorank.io/performance
🔥6👍2
📈Market Overview
Bitcoin faces another week of “huge” macro announcements after the lowest weekly close since July. After days of losses following the latest inflation data from the United States, BTC, like altcoins and risk assets more broadly, has failed to recover. Bitcoin is currently trading around $18,422, which represents a -8.09% decrease over the past 24 hours.
The Top-10 cryptocurrencies are traded in red zone: Ethereum -11.56%, Cardano -9.77%, Dogecoin -8.58%.
Market capitalization: $950B (-7.62%)
The BTC dominance: 37.26% (-0.28%)
Fear & Greed Index: 21 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Gods Unchained (GODS) +22.3%
Kava Lend (HARD) +20.2%
Alpaca Finance (ALPACA) +20.1%
👉 Top Losers
Kyber Network Crystal (KNC) -29.3%
OAX (OAX) -27.1%
Manifold Finance (FOLD) -25.6%
BTC Futures
Aggregated Volume — $36.3B
Aggregated Open Interest — $10.9B
👉 Derivatives Market Analytics
Bitcoin faces another week of “huge” macro announcements after the lowest weekly close since July. After days of losses following the latest inflation data from the United States, BTC, like altcoins and risk assets more broadly, has failed to recover. Bitcoin is currently trading around $18,422, which represents a -8.09% decrease over the past 24 hours.
The Top-10 cryptocurrencies are traded in red zone: Ethereum -11.56%, Cardano -9.77%, Dogecoin -8.58%.
Market capitalization: $950B (-7.62%)
The BTC dominance: 37.26% (-0.28%)
Fear & Greed Index: 21 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Gods Unchained (GODS) +22.3%
Kava Lend (HARD) +20.2%
Alpaca Finance (ALPACA) +20.1%
👉 Top Losers
Kyber Network Crystal (KNC) -29.3%
OAX (OAX) -27.1%
Manifold Finance (FOLD) -25.6%
BTC Futures
Aggregated Volume — $36.3B
Aggregated Open Interest — $10.9B
👉 Derivatives Market Analytics
👍8
Crypto News Weekly Recap #117 📣
- Ethereum has activated The Merge as it shifts to proof of stake
- Biden White House presented a framework on regulating crypto
- Binance completes Integration of BUSD on Avalanche & Polygon
- Binance Labs boosts strategic investment in Aptos Labs
- BNB Chain partners Google Cloud to accelerate Web3 growth
- Charles Schwab, Citadel, Fidelity Digital launch digital asset exchange
- Starbucks chooses Polygon for Its 'Starbucks Odyssey'
- OpenSea will launch NFT rarity protocol OpenRarity next week
- Ethereum has activated The Merge as it shifts to proof of stake
- Biden White House presented a framework on regulating crypto
- Binance completes Integration of BUSD on Avalanche & Polygon
- Binance Labs boosts strategic investment in Aptos Labs
- BNB Chain partners Google Cloud to accelerate Web3 growth
- Charles Schwab, Citadel, Fidelity Digital launch digital asset exchange
- Starbucks chooses Polygon for Its 'Starbucks Odyssey'
- OpenSea will launch NFT rarity protocol OpenRarity next week
👍6
About $433M of Positions Gets Liquidated Due to ETH Drop Below $1,300
Due to the recent Ethereum drop below $1,300 about $433M in longs and shorts was liquidated from the leading derivatives exchanges:
- $190M on OKX;
- $91M on Binance;
- $58M on FTX;
- $29M on BitMEX;
- $28M on Bybit.
👉 https://cryptorank.io/derivatives-analytics/ethereum
Due to the recent Ethereum drop below $1,300 about $433M in longs and shorts was liquidated from the leading derivatives exchanges:
- $190M on OKX;
- $91M on Binance;
- $58M on FTX;
- $29M on BitMEX;
- $28M on Bybit.
👉 https://cryptorank.io/derivatives-analytics/ethereum
👍8🔥2🤔1
Top 10 Blockchains by 30D NFT Sales Volume
Ethereum leads, followed by Solana, Flow, and Immutable X. Worth noting, that Immutable X (+588%) and Flow (+75.7%) showed the highest 7-day increase in trading volume. These NFT-specialized blockchains quickly took leading positions in the ranking, overtaking other networks with higher market cap.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
Ethereum leads, followed by Solana, Flow, and Immutable X. Worth noting, that Immutable X (+588%) and Flow (+75.7%) showed the highest 7-day increase in trading volume. These NFT-specialized blockchains quickly took leading positions in the ranking, overtaking other networks with higher market cap.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
👍14🔥2
Binance Labs Leads Seed Round for Salus Security
Binance Labs led the seed funding round for Salus Security, a blockchain security company that provides services such as smart contract audits and automated smart contract vulnerability detection. Salus Security will use the funds raised to expand its team and drive the technological development of its products.
👉 https://cryptorank.io/ico/salus-security
Binance Labs led the seed funding round for Salus Security, a blockchain security company that provides services such as smart contract audits and automated smart contract vulnerability detection. Salus Security will use the funds raised to expand its team and drive the technological development of its products.
👉 https://cryptorank.io/ico/salus-security
👍9🔥5🐳4
Daily OpenSea Volume Hit the Lowest Levels Since July 2021
Trading volume on OpenSea, the largest NFT marketplace, has been declining since May 2022. On September 18, the daily volume reached its lowest level since July 2021. Number of transactions and number of users users are also near year-to-date lows.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
Trading volume on OpenSea, the largest NFT marketplace, has been declining since May 2022. On September 18, the daily volume reached its lowest level since July 2021. Number of transactions and number of users users are also near year-to-date lows.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
👍7
📈Market Overview
Bitcoin and Ethereum, started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks. Bitcoin fell below $18,500 on September 19, however, later on the same day, it recovered to $19,400, showing an increase of 5.39% over the past 24 hours.
The Top-10 cryptocurrencies are traded in green zone: XRPL +9.07 %, Ethereum +5.33%, BNB +4.31%.
Market capitalization: $987B (+3.55%)
The BTC dominance: 37.62% (+1.36%)
Fear & Greed Index: 23 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
QLC Chain (QLC) +39.2%
Loop Network (LOOP) +37.6%
Pundi X (PUNDIX) +28.1%
👉 Top Losers
Gods Unchained (GODS) -20.5%
Phoenix Global (PHB) -18.7%
apM Coin (APM) -17.2%
BTC Futures
Aggregated Volume — $40.9B
Aggregated Open Interest — $11.3B
👉 Derivatives Market Analytics
Bitcoin and Ethereum, started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks. Bitcoin fell below $18,500 on September 19, however, later on the same day, it recovered to $19,400, showing an increase of 5.39% over the past 24 hours.
The Top-10 cryptocurrencies are traded in green zone: XRPL +9.07 %, Ethereum +5.33%, BNB +4.31%.
Market capitalization: $987B (+3.55%)
The BTC dominance: 37.62% (+1.36%)
Fear & Greed Index: 23 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
QLC Chain (QLC) +39.2%
Loop Network (LOOP) +37.6%
Pundi X (PUNDIX) +28.1%
👉 Top Losers
Gods Unchained (GODS) -20.5%
Phoenix Global (PHB) -18.7%
apM Coin (APM) -17.2%
BTC Futures
Aggregated Volume — $40.9B
Aggregated Open Interest — $11.3B
👉 Derivatives Market Analytics
👍8
The Latest Breaking News 📣
- Wintermute's DeFi operations were hacked for about $160M
- Binance Labs leads seed round for Salus Security
- Alameda Research to repay $200M to bankrupt lender Voyager
- Coin98 launches new decentralized stablecoin CUSD
- Bitdeer bought physical safety vault Le Freeport for over $28M
👉 https://cryptorank.io/news
- Wintermute's DeFi operations were hacked for about $160M
- Binance Labs leads seed round for Salus Security
- Alameda Research to repay $200M to bankrupt lender Voyager
- Coin98 launches new decentralized stablecoin CUSD
- Bitdeer bought physical safety vault Le Freeport for over $28M
👉 https://cryptorank.io/news
👍6🔥1😁1
Top 15 Projects by 7D Protocol Revenue Growth
Alchemix Finance leads, followed by Goldfinch and Polygon. GMX, yearn.finance, and 1inch have generated the highest protocol revenue over the past 7 days.
👉https://cryptorank.io/performance
Alchemix Finance leads, followed by Goldfinch and Polygon. GMX, yearn.finance, and 1inch have generated the highest protocol revenue over the past 7 days.
👉https://cryptorank.io/performance
🔥6
Bitcoin Performance and Google Search Activity
The correlation between Bitcoin's performance and Google Search activity used to be high in previous years, however, it has drastically changed in 2021, when the number of search queries began to rise despite the falling price. Currently, there is no obvious correlation between these indicators. Moreover, sometimes it possible to observe an inverse correlation, when Google Trends interest spikes during BTC price fall. Recently, the popularity of "Bitcoin" query in Google has reached lowest level since December 2020, the beginning of the bullrun.
👉 https://cryptorank.io/ru/price/bitcoin
The correlation between Bitcoin's performance and Google Search activity used to be high in previous years, however, it has drastically changed in 2021, when the number of search queries began to rise despite the falling price. Currently, there is no obvious correlation between these indicators. Moreover, sometimes it possible to observe an inverse correlation, when Google Trends interest spikes during BTC price fall. Recently, the popularity of "Bitcoin" query in Google has reached lowest level since December 2020, the beginning of the bullrun.
👉 https://cryptorank.io/ru/price/bitcoin
👍9🤔2😢2🐳2🕊1
Top 10 DEX Aggregators by 30D Active Users 📊
1inch leads, followed by MetaMask Swap, BitKeep Swap, and Transit Swap.
👉https://cryptorank.io/tags/dex-aggregator
1inch leads, followed by MetaMask Swap, BitKeep Swap, and Transit Swap.
👉https://cryptorank.io/tags/dex-aggregator
🔥7👎2❤1
Top 10 BNB Chain Ecosystem Projects by 30D TVL Growth
Wombat Exchange leads, followed by Wing Finance, Ankr, and GrizzlyFi.
👉https://cryptorank.io/tags/bnb-chain-ecosystem
Wombat Exchange leads, followed by Wing Finance, Ankr, and GrizzlyFi.
👉https://cryptorank.io/tags/bnb-chain-ecosystem
👍7❤2