There’s something happening here, what it is …
The march to mainstream adoption of crypto technology is accelerating across the world.
1. Kyber Ecosystem Report #12
3/6/20, Kyber Network Blog, Deniz Omer
Volume on the on-chain liquidity protocol Kyber Network was just shy of $140 million in February, more than doubling January volume. Kyber volume peaked at $11 million on Feb. 13th. As remarkable as Kyber’s growth was, it was exceeded by the growth rates at Uniswap and OasisDEX, the 2nd and 3rd largest liquidity providers:
Things are starting to get exciting!
2. Ethereum decentralized exchange monthly volumes hit all-time-high
3/1/20, The Block,
Based On data From Dune Analytics
Given the dramatic growth in Ethereum liquidity providers, it’s not surprising to see trading volume on DEXs hit $372M in February, up 62% from January, breaking the volume record set last July.
3. February 2020 Crypto Analysis — Is an alt-season about to start?
3/6/20, Binance Research
https://research.binance.com/global-markets/february-2020
The fall in Bitcoin dominance on Binance, could indicate the start of “Alt Season”, or at least Alt Month. The leading drivers of the Alt volume rally was ETH, up +158.6% followed by XRP, ETHBEAR, LINK, BNB, XTZ, and LTC. There was lots of other great data in the research report.
4. The top 100 holders of #Ethereum are once again beginning to accumulate higher percentages of the total token supply
3/4/20, Santiment,
Generally, when accumulation by ETH whales starts to mount, it’s a signal that ETH is undervalued. While it tends to be a bullish indicator, it also, historically, has tended to be a leading indicator, meaning the resulting price rises takes a bit of time after the accumulation.
5. Barbarians on the Blockchain TokenData | Research The State of Crypto M&A 2019 — Survey Results
3/4/20, TokenData
TokenData surveyed key industry executives and investors in February and summarized their findings in this report. The survey respondents believe that 2020 will see increased M&A activity in crypto, driven by the need to acquire talent:
There are lots of other interesting nuggets in the report.
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