OKLink Chain Weekly Report: Bitcoin Giant Whale’s Chips Loosen, BDP Protocol’s Lockup Volume Plummeted

bitcoin market

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Data on the chain

Data on the chain

The on-chain transaction volume of Bitcoin last week was 11.2122 million BTC, a month-on-month decrease of 10.34%; while the on-chain transaction volume of Ethereum in the same period was 20.3776 million ETH, a month-on-month decrease of 10.75%.

Since the beginning of this year, the transaction volume on the Bitcoin chain has shown a continuous downward trend. On-chain transaction volume this week has dropped to levels last seen in mid-December.

At the same time, the top ten bitcoin addresses currently hold a total of 962,800 bitcoins, accounting for 5.20% of the current bitcoin supply, an increase of 17,600 bitcoins from last week. The top 1,000 bitcoin addresses hold a total of 6.2529 million bitcoins, accounting for 33.59% of the current bitcoin circulation, an increase of 13,700 bitcoins from last week.

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Miner income

Miner income

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DeFi sector

DeFi sector

Although the growth of the lock-up volume of DeFi protocols on Ethereum has stagnated, this does not prevent the total market value of DeFi from continuing to rise. At present, the total market value of the Top 100 DeFi protocols has exceeded 90 billion US dollars, reaching 91.821 billion, an increase of 10.86% over the same period last week.

Another eye-catching news may be the sharp drop in BDP locked-up volume. As the top DeFi project in the previous airborne lockup rankings, Big Data Protocol has attracted the attention of many people in the industry, and achieved a lockup of 5.5 billion US dollars within 24 hours of its launch. But the good times didn’t last long. With the end of mining output, a large amount of funds began to withdraw and cash out, and the lock-up volume of BDP dropped accordingly. The current lock-up volume is less than 100 million US dollars.