Produced by Odaily

Editor | Hao Fangzhou

Produced by Odaily

The traffic of Binance, DEX and BAKKT has picked up significantly compared with last month;

Exchange Weekly Trends

Exchange Weekly Trends

On April 26, the report: Binance and Coinbase were the most active employers in the encryption industry in Q1 2020.

He Yi, April 25: Binance currently has 1,002 employees, an increase of nearly 20 times since its inception.

On April 25, Huobi China has completed the BSN adaptation work to assist the underlying security technology services.

On April 24, Li Lin stepped down as the executive director of "Hainan Xinyi", and Zhang Linlin, the supervisor of "Huobi Tianxia Investment", took over.

On April 24, Binance Mining Pool dug out the first Bitcoin block during internal testing, with a height of 627434.

On April 24, the cryptocurrency exchange BHEX announced to change its name to HBTC.

On April 23, OKEx has officially launched XTZUSD and XTZUSDT perpetual contracts.

On April 23, HT was officially approved by the Japan Financial Services Agency and will be listed on Huobi Japan in May.

On April 23, the report: In the first quarter, there were more than 400 cryptocurrency and blockchain jobs, mostly from exchanges.

On April 22, during the epidemic, the registration and trading volume of Russian cryptocurrency exchanges soared.

On April 22, the report: The number of stablecoins on encrypted exchanges has exceeded the highest level in history, and investors are waiting for a buy signal.

On April 22, OKEx CEO Jay Hao: OKChain will solve the problem of large-scale application of the public chain.

Exchange data statistics

Exchange data statistics

image description

source:Alexa   

According to Alexa statistics, the UV (unique visitors) of Binance website this week was 1.95 million/day, an increase of 200.3% from last week; at the same time, the PV (page views) was 10.736 million/day, an increase of 228.2% from last week.

As the leading exchange in the encryption world, Binance accounts for most of the market traffic, which shows that the overall market traffic has picked up significantly recently.

source:

source:Dapptotal      

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

source:

source:Bakkt Volume Bot

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Among them, the green line is the price trend of BTC, the blue line is the price trend of BNB, and the orange line is the price trend of HT.

source:tradingview

Among them, the green line is the price trend of BTC, the blue line is the price trend of BNB, and the orange line is the price trend of HT.

This week, Bitcoin was dominated by a wide range of fluctuations, and BNB and HT followed the trend of BTC.

source:

source:aicoin

analyst point of view

analyst point of view

The head effect of the platform currency is significant

Judging from the trend of platform coins in the past six months, the three major platform coins BNB, OKB, and HT followed BTC closely. When BTC rose, the increase often exceeded BTC, while the platform coins of other small and medium-sized exchanges fell more seriously, and the trend became weaker. The derivatives business of the "Big Three" has developed rapidly this year, including perpetual contracts, delivery contracts and options, futures of various mainstream currencies and high-quality altcoins; in terms of capital security and transaction depth, they are significantly better than small and medium-sized exchanges. Due to its first-mover advantage, the top exchanges have better and better user recognition and stickiness, forming a positive cycle, so that their business volume continues to increase, and the value of empowering platform coins is also increasing.