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Arcane Research: Binance Owns 92% of Bitcoin Spot Market

January 5, 2023 9:36 am No Comments

According to Arcane Research, the digital currency exchange Binance has seen an increase in its market dominance during 2022. According to this report, until December 28 (January 7) of last year, Binance had 92% of the spot market trading volume and 61% of the bitcoin derivatives market trading volume. This means that Binance’s dominance of the Bitcoin spot market has more than doubled from 45% at the beginning of 2022, and its share of the Bitcoin derivatives market has also increased by almost a third. News Sorce

Lido Finance Owns 80% of All Staked Ethereum

January 5, 2023 9:28 am No Comments

Nansen data shows that 15.87 million Ethereum tokens have been staked so far, worth about $19.3 billion. This represents 13.2% of Ethereum’s total supply, along with more than 91,000 unique depositors and nearly half a million unique validators. However, 4.6 million ETH is the staked supply held by Lido Finance, making it the largest and most dominant entity on the network. An organization holding such a large amount of Ethereum may cause serious issues for both retail and institutional investors. News Sorce

16% Increase in Price of Solana after Significant Growth of the BONK Token

January 5, 2023 8:05 am No Comments

According to data from CoinGecko, the price of Solana digital currency has increased by 16% in the last 24 hours and has reached the level of $13. The price growth of Solana during the last week was about 19%. The increase in the price of Solana and the positive mood of its investors are mainly related to the growth of the Bonk token, which was recently launched on the platform of this network. News Sorce

Bitcoin dominance exceeds 40% after 6 Months

January 5, 2023 7:54 am No Comments

Glassnode data shows that Bitcoin’s market dominance exceeded 40% for the first time since July 2022. According to these data, the dominance of Bitcoin reached about 70% at the beginning of 2021. However, this index decreased to more than 40% in January 2022. This index remained below the 40% level except for a short jump at the end of June, which brought Bitcoin’s dominance to 48%. News Sorce

Category: News

Arcane Research: Binance Owns 92% of Bitcoin Spot Market

Lido Finance Owns 80% of All Staked Ethereum

16% Increase in Price of Solana after Significant Growth of the BONK Token

Bitcoin dominance exceeds 40% after 6 Months

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