Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
Huobi Blockchain Big Data Weekly
Insights Vol. 222018/10/31-2018/11/7
Abstract
All data in this report was captured and analyzed by Huobi Research; please cite the
source “Huobi Blockchain Big Data” for reference.
This Week:
1) This week, the number of active Bitcoin addresses increased by 7.6% to 3.98million, including 1.47 million newly created addresses, increased 7.2%. Therewere 1.92 million transactions happened on Bitcoin this week, up 8.6% compared to that of last week, reaching a 6-month high.
2) There were overall 23.61 million transactions on EOS this week, increased 8.1%compared to that of last week.
3) EOS dApp activity increased by 24%, in which gambling dApps accounted for91.8% of all EOS dApp activity.
Social Media Data:
BTC, Ethereum, EOS to be the top trending in China, same trending overseas; In the Events
category, “Rebound”, “Risk” and “Supervise” were the hottest words in China, while
“Scam” ,“Mining” and “Wallet” were the hottest words overseas; in the Exchange and KOL
category, “Huobi”, “Binance” and “ZB” were the hottest in China, while “Coinbase”,
“Binance”, and “Kucoin” were the hottest overseas.
Among Github repositories, ETH, BTC and EOS were the top Cryptocurrencies projects
that received the most stars in a week; BTC, ETH and XLM were the projects that received
the most watchers in a week; ETH, IOTA and ADA were the projects with the most code
commit submission this week
Market Trading Data:
In the cryptocurrency market this week, the price of Cryptocurrencies raised up more and
down less. The trading volume increased dramatically. BCH experienced the largest
increase of 43.34%; In terms of trading volume, BCH also has the largest increase of 213%.
Author
Yuming Hubery Yuan Hai Du Junjing Shi
Huobi Big Data Weekly Insights
2
TABLE OF CONTENTS
FULL REPORT ..........................................................3
1. ON-BLOCKCHAIN DATA ..................................3
1.1 ACTIVE BITCOIN ADDRESSES ............................................................................... 3 1.2 BITCOIN TRANSACTIONS ........................................................................................ 4 1.3 BITCOIN TRANSACTION FEE .................................................................................. 4 1.4 CONCENTRATION OF WEALTH ON BITCOIN ........................................................ 5 1.5 BTC LARGE TRANSACTIONS MONITOR ............................................................. 6 1.6 BITCOIN TRANSACTION VOLUME DISTRIBUTION ............................................. 7 1.7 ACTIVE ETHEREUM ADDRESSES .......................................................................... 7 1.8 ETHEREUM TRANSACTIONS................................................................................... 8 1.9 ETHEREUM TPS ....................................................................................................... 9 1.10 ETHEREUM TRANSACTION FEE .......................................................................... 9 1.11 CONCENTRATION OF WEALTH ON ETHEREUM ............................................. 10 1.12 ETH LARGE TRANSACTIONS MONITOR ........................................................ 10 1.13 EOS TRANSACTIONS ......................................................................................... 11 1.14 EOS RAM UTILIZATION AND VOTING PERCENTAGE 错误!未定义书签。 1.15 EOS DAPP ACTIVITY ........................................................................................ 12 1.16 ETH DAPP ACTIVITY ........................................................................................ 13
2. SOCIAL MEDIA DATA ..................................... 14
2.1 KEYWORD ANALYSIS (CHINA) .......................................................................... 14 2.2 KEYWORD ANALYSIS (OVERSEAS) ................................................................... 15 2.3 GITHUB CODE ACTIVITY ..................................................................................... 16 2.4 OVERALL TELEGRAM ACTIVITY ....................................................................... 17 2.5 POPULAR CRYPTOCURRENCY TELEGRAM ACTIVITY .................................... 18
3.MARKET DATA .................................................. 18
3.1 RATE OF RETURN/ TRADING VOLUME .............................................................. 19 3.2 CRYPTOCURRENCY PRICE CORRELATIONS ...................................................... 20
Huobi Research
3
Full Report
1. On-Blockchain Data
1.1 Active Bitcoin Addresses
This week, the number of active Bitcoin addresses increased by 7.6% to
3.98 million, rising in seven consecutive weeks and reaching a three-month
high.
Figure1:Active Bitcoin Addresses(in millions)
Data Source: Huobi Research, Blockchain Node File
There were 1.47 million new Bitcoin addresses created this week, increased
by 7.15% from last week’s 1.37 million.
Huobi Big Data Weekly Insights
4
Figure2:New Bitcoin Addresses (in millions)
Data Source: Huobi Research, Blockchain Node File
1.2 Bitcoin Transactions
The overall transaction volume on Bitcoin network was 6.09 million
BTC, increased by 8.6% from last week’s 5.6 million. There were overall
1.92 million transactions this week, increased by 8.6% compared to last
week, reaching a half-year high. The average trading volume per transaction
decreased by 0.1% to 3.17 BTC this week.
Figure3.1:Bitcoin Transaction Volume (ten thousand BTC)
Figure3.2: Number of Transactions on BTC (in thousand)
Data Source: Huobi Research, Blockchain Node File Data Source: Huobi Research, Blockchain Node File
1.3 Bitcoin Transaction Fee
The overall transaction fee on Bitcoin network decreased from 120 BTC to
117 BTC this week. Average transaction fee was 0.00006 BTC, decreased
Huobi Research
5
by 10% from last week.
Figure4: Bitcoin Transaction Fee (BTC)
Data Source: Huobi Research, Blockchain Node File
1.4 Concentration of Wealth on Bitcoin
Concentration of wealth on bitcoin showed little change this week. Top
10 addresses held 5.73% of all Bitcoins, 0.01% less than last week; top 10-
100 addresses held 0.01% less Bitcoins than that of last week; top 100-1000
held 0.01% less Bitcoins than that of last week; other addresses held 0.03%
more Bitcoins than that of last week, reaching 64.11% of all Bitcoins.
Huobi Big Data Weekly Insights
6
Figure5:Concentration of Wealth on Bitcoin
Data Source: Huobi Research, Blockchain Node File
1.5 BTC Large Transactions Monitor
Huobi Research defines “extra-large transactions” as individual transactions worth over 10,000 BTC, and “large transactions” as those worth between 1,000-10,000 BTC. This week, there were 4 extra-large transactions on Bitcoin network. The number of large transactions drastically increased from 262 to 433 this week.
Huobi Research
7
Figure6: Large and Extra-Large Transactions on BTC Network
Data Source: Huobi Research, Blockchain Node File
1.6 Bitcoin Transaction Volume Distribution
Transaction volume increased mainly for the category of 1,000-10,000
BTC, whose proportion of total weekly Bitcoin transaction volume
increased from 8.4% to 20.3%.
Figure7.1:Transaction Breakdown by Volume (in thousand
BTC) Figure7.2: Weekly BTC Transaction Distribution
Data Source: Huobi Research, Blockchain Node File Data Source: Huobi Research, Blockchain Node File
1.7 Active Ethereum Addresses
Huobi Big Data Weekly Insights
8
The number of active addresses in Ethereum has decreased by 5.8%
from 1.196 million to 1.127 million.
Figure8: Number of Active Ethereum Addresses (in millions)
Data Source: Huobi Research, Blockchain Node File
1.8 Ethereum Transactions
The overall transaction volume on Ethereum has increased by 9.9% to
12.48 million ETH. There were overall 3.898 million transactions this
week, same with that of last week; average transaction volume increased by
10.2% from last week to 3.2 ETH.
Figure9.1:Total ETH Transaction Volume (in million ETH) Figure9.2: Number of Transactions on ETH (in million))
Data Source: Huobi Research, Blockchain Node File Data Source: Huobi Research, Blockchain Node File
Huobi Research
9
1.9 Ethereum TPS
The average transaction per second (TPS) on Ethereum network this week decreased by 0.1 to 6.4 tps this week.
Figure10:Ethereum TPS
Data Source: Huobi Research, Blockchain Node File
1.10 Ethereum Transaction Fee
The overall transaction fee on Ethereum network has increased from 10.4k
to 11.4k ETH this week, while the average transaction fee on Ethereum
network was 0.0029 ETH, increased by 9.4% this week.
Figure11:Ethereum Transaction Fee
Data Source: Huobi Research, Blockchain Node File
Huobi Big Data Weekly Insights
10
1.11 Concentration of Wealth on Ethereum
The concentration of wealth on Ethereum network has increased
compared to last week: top 10 accounts held 12.24% of all ETH, increased
by 0.17% from last week; top 10-100 addresses held 24.54% of all ETH,
decreased by 0.01% compared to last week; top 100-1000 addresses held
25.12% of all ETH, increased by 0.09% compared to last week; the rest
addresses held 38.09% of all ETH, decreased by 0.07% from last week.
Figure12: Concentration of Wealth on ETH
Data Source: Huobi Research, Blockchain Node File
1.12 ETH Large Transactions Monitor
Huobi Research defines “extra-large transactions” as individual transactions
worth over 50,00 ETH, “large transactions” as those worth between 10,000-
50,000 ETH, “other transactions” as those worth less than 10,000 ETH. This
week, there were 2 extra-large transactions and 34 large transactions (there
were 59 large transactions last week).
Huobi Research
11
Figure13:Large and Extra-large Transactions on ETH Network
Data Source: Huobi Research, Blockchain Node File
1.13 EOS Transactions
There were 23.61 million transactions on EOS this week (including transfer,
RAM collateral/purchase, CPU collateralization), increased by 8.1% from
last week, rising in seven consecutive weeks.
Huobi Big Data Weekly Insights
12
Figure14: EOS Transactions (in millions)
Data Source: Huobi Research, Blockchain Node File
1.14 EOS DApp Activity
Based on transaction volume, BetDice, EOS luckyMe, BET24, Blackjack-
EOS Poker, and EOS Seven were the 5 most popular EOS dApps this week.
Based on the information above, Huobi Research analyzed total number of
transactions and total transaction volume of all 140 currently active EOS
dApps. Currently, gambling dApps accounted for 80% of total EOS
transaction volume (82% last week)and 91.76% of total number of
transactions (90.1% last week), the most popular among all dApp categories.
The activity of EOS dApps increased by 24% this week, among which, that
of gambling dApps increased by 25%, that of cryptocurrency exchange
dApps increased by 244% (mainly due to whaleEx), and that of game dApps
decreased by 4%.
There were 13 gambling dApps, 1 game dApp (EOS Knight)and 1
distributed cryptocurrency dApp (whaleEx) among the 15 most popular
EOS dApps this week.
Huobi Research
13
Figure 15: EOS DApp Activity
EOS DAPP Categorization(1.By Transaction Volume 2. By Number of Transactions)
EOS DAPP Activity By Time
Source: DAPPRADAR, Huobi Research
1.15 ETH DApp Activity
Based on transaction volume, IDEX, Dice2win, CryptoKitties, Ethereum
Name, and ForkDelta were the 5 most popular ETH dApps this week.
Huobi Big Data Weekly Insights
14
Based on the information above, Huobi Research analyzed total number of
transactions and total transaction volume of all 1137 currently active ETH
dApps. Currently, cryptocurrency exchange dApps accounted for 60% of
total ETH transaction volume and 35% of total number of transactions, the
most popular among all dApp categories.
Figure 16: EOS DApp Activity
EOS DAPP Categorization(1.By Transaction Volume 2. By Number of Transactions)
Source: DAPPRADAR, Huobi Research
2. Social Media Data
2.1 Keyword Analysis (China)
Huobi Research analyzed text using NLP Word Cloud to extract relevant
keywords and understand the overall sentiments from China’s largest
Cryptocurrency online community 8btc.com. Specifically, we break down
the keywords to three categories: Cryptocurrencies, Events, and
Huobi Research
15
Exchanges/Opinion Leaders.
In the Cryptocurrency category, NLP World Cloud Analysis suggests
Bitcoin, Ethereum, and EOS as the top Cryptocurrencies receiving the most
widespread attention, for Bitcoin and Ethereum, discussions mainly focused
on price and trading strategies. EOS, with the discussion mainly focused on
1) WhiteBlock research says EOS isn't even blockchain sparking
controversy; 2) EOS resource mortgage redemption.
In the events category, NLP Word Cloud suggests “Rebound”, “Rike” and
“Supervise” as the hottest words of the week. “Rebound” refers to: BCH
increased price makes some investors think it is the signs of a rebound
emerging ; “Risk” refers to the discussion on reasons for BCH price
increases and risk of pullback; “Supervise” refers to the discussion on the
investors' understanding of Hong Kong's securities and announced futures
commission (SFC) 's new digital assets regulation.
In the Exchanges/Opinion Leaders category, NLP Word Cloud suggests
“Huobi”, “Binance”, and “ZB” as the hottest words of the week, with
discussions mainly focused on daily exchange issues including log-in issue,
transaction, the rate and so on.
Figure17: 8btc.com Word Analysis
Source: Huobi Research
2.2 Keyword Analysis (Overseas)
We also performed NLP Word Analysis on Reddit’s r/CryptoCurrency
Subreddit to understand the trending topics and overall sentiments overseas,
and we similarly broke down the keywords into three categories:
Huobi Big Data Weekly Insights
16
Cryptocurrencies, Events, and Exchanges/Opinion Leaders.
In the Cryptocurrencies category, NLP Word Analysis suggests BTC, ETH,
and EOS as the three cryptocurrencies that received the most widespread
attention this week. The discussions in China and abroad this week are
similar. For BTC and ETH, discussions on mainly focused on price and
trading strategies. Discussions on EOS focused on WhiteBlock research says
EOS isn't even blockchain project.
In the Events category, NLP Word Analysis suggests “Scam”, “Mining”, and
“Wallet” as the hottest words of the week. “Scam” refers to the discussion
on the recent spate of cryptocurrencies scams, how can investors guard
against scams; “Mining” refers to the discussion on 1) whether bitcoin
mining will cause global warming; 2) BTCC announced the closure of their
mining; “Wallet” refers to the discussion on advantages, disadvantages and
choices of major cryptocurrencies wallets
In the Exchanges/Opinion Leaders category, NLP World Analysis suggests
“Coinbase”, “Binance”, and “Kucoin” as the hottest words of overseas this
week, with the normal discussion on general topics among platform users
including log-in issue, transaction, the rate and so on.
Figure18: r/Cryptocurrency Word Analysis
Source: Huobi Research
2.3 Github Code Activity
Among all GitHub repositories this week, 1. ETH, IOTA and ADA were the projects with the most code rows; 2. ETH, EOS and NEO were the projects with the most forks; 3. BCH, XMR, and ADA were the projects with most code commit
Huobi Research
17
submissions; 4. ETH, IOTA and NEO were the projects with the most issue; 5. ETH, BTC and EOS were the projects with most stars; 6. ETH, BTC and XLM were the projects with most watchers
Figure 19: GitHub Activity
Source:Github, Huobi Research
2.4 Overall Telegram Activity
We measured the vitality of telegram community by the chat volume among the relatively active community telegram groups:
The top three activist telegram groups this week were: 1) EOS China (Chinese group), 2) EOS English group, 3) Ontology group.
Figure 20: Telegram Activity
Source: Huobi Research
Huobi Big Data Weekly Insights
18
2.5 Popular Cryptocurrency Telegram Activity
We measured the vitality of EOS community by the chat volume among the selected EOS community telegram groups: EOS General Chat (English technology/ ecology group), EOS China (Chinese group); and measured the vitality of TRON community by the chat volume of TRONnetworkEN.
The number of chats in EOS community telegram groups increased, by 4,300, the number of TRON telegram groups hold the same with its number last week.
Figure 21: EOS Telegram Activity (in thousands)
Source: Telegram, Huobi Research Figure 22: TRON Telegram Activity (in thousands)
Source: Telegram
3.Market Data
Huobi Research
19
3.1 Rate of Return/ Trading volume
In the cryptocurrency market this week, the price of Cryptocurrencies
raised up more and down less. The trading volume increased
dramatically. BCH experienced the largest increase of 43.34%; In terms of
trading volume, BCH also has the largest increase of 213%.
Figure 23: Rate of Return vs. Price Volatility
Data Source: Coinmarketcap, Huobi Research
Huobi Big Data Weekly Insights
20
3.2 Cryptocurrency Price Correlations
Correlation amongst assets is the degree to which they move in tandem.
The matrices above show Pearson correlations and p-values that are
computed from log-returns of volume-weighted average daily prices over
the past week. The Cryptocurrency price correlations is relatively high
this week, Cryptocurrencies price move in the same directions.
BCH and ETH, EOS and LTC had the highest correlation coefficients of
0.98; BTC and NEO had the lowest correlation coefficient of 0.59.
Figure 24: Pearson Correlations Matrix
Source: Huobi Research
Huobi Research
21
Huobi Research
About Us:
Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.
Huobi Data Analytics Weekly aims to provide participators of the cryptocurrency market with
the most up-to-date and comprehensive database to help them facilitate decision-making process.
Contact Us:
E-mail: [email protected]
Jianshu: 火币区块链
Twitter: Huobi_Research
https://twitter.com/Huobi_Research
Medium: Huobi Research
https://medium.com/@huobiresearch
Facebook: Huobi Research
https://www.facebook.com/Huobi-Research-655657764773922
Website: http://research.huobi.com/
Disclaimer:
1. Huobi Research does not have any form of association with Blockchain projects or other third-parties mentioned in this
report that could jeopardize the objectivity, independence and fairness of this report.
2. All outside information, data referenced in this report is from compliant and legitimate sources that we deem as reliable, and
Huobi Research have conducted the due diligence concerning its authenticity, accuracy and completeness, but such due
diligence does not provide any guarantee.
3. This report is only for reference purposes. Conclusions and viewpoints in the report do not constitute any form of investment
advice on crypto assets. Huobi Research is not responsible for any losses resulting from the use of this report, unless
stipulated by law. Under no circumstances should the readers give up their own investment analysis and judgements.
4. This report only reflects the opinions from Huobi Research on the day it was finalized. Future market condition changes
may lead to updates of such judgements.
5. The report is copyrighted by Huobi Research, please cite the source when quote, and get approval from us when large amount
of contents is referenced. Under no circumstances is reference, abridgment and modification contrary to original intention
permitted.