Vol.20: Recovery in Digital Assets

Recovery in digital assets continue, 88 out of top 100 assets gained, 12 declined. Bitcoin (+17.9%), Ethereum (+5.8%), HB10 (+8.5%)

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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.

Market cap and transaction volume of cryptocurrencies generally increased this week, with 88 of the top 100 cryptocurrencies increased to varying degrees. On July 23th, the total market cap of the TOP100 cryptocurrencies increased to 269.96 billion dollars, a 12.70% increase from last week. 3 Cryptocurrency projects entered the top 100 this week. On July 23, Bitcoin’s price was at $7426.22, up 17.94% from last week, and Ethereum price was at $463.78, up 5.75%. HB10’s price increased by 8.48% this week.

Average number of unconfirmed transactions per block and average block size on Bitcoin both decreased. For Ethereum, both average number of unconfirmed transactions per block and average block size increased. Average number of unconfirmed transaction in Ethereum increased by 26.77%. Bitcoin’s transaction fees slightly increased, and Ethereum’s transaction fees greatly decreased. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum are 2856 and 52959, respectively. Bitcoin’s Hashrate increased by 13.13% and Ethereum’s decreased by 1%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.66 and $0.252, increasing 9.63% and decreasing 92.7% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 26.54 million and 41.58 million, respectively.

ZSC was the most active project on GitHub this week, with 189 commits submitted in the past week. Mainframe was the most popular group on Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remained as the most popular communities on Facebook and Twitter. Opporty attracted the most fans on Telegram in the last 24 hours.

According to <Huobi Blockchain Big Data Weekly Insights>, “Bitcoin”, “Bot” and “Coinbase” were the hottest words on r/CryptoCurrency this week. Among the top three search engines (Google, Baidu, WeChat), popular topics regarding Blockchain increased in popularity compared to last week.

Singapore had the most ICOs this week, with finance application projects being the most popular ICO project category. Among all 38 ICO projects, majority of them took place in Singapore. Application projects were the majority, among them finance projects account for the largest proportion. 12 investment activities took place in the Blockchain industry this week, with Nervos acquired 28million investment from Chinese institutional investors including Sequoia, the largest amount raised in this week.

For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 20 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!

Download the Full Report: Huobi Research Weekly Report: Vol.20