Blockchain Activity Trends: Winners, Losers and Emerging Networks in 2024
Blockchain Activity Insights: A Look at Active Address Trends The dynamic world of blockchain continues to evolve, with various networks experiencing shifts in user activity. Active addresses, representing distinct wallets interacting with a chain, serve as a crucial metric for gauging network adoption and usage. Here’s a detailed analysis of recent activity patterns across notable blockchain networks. Top Performers in Daily Active Addresses 1. Base: Leading the pack with over 1.09 million acti
@polterfinance exploiter - labeled address has transferred 120 $ETH to #TornadoCash . @polterfinance suffered a hack, resulting in losses of ~$8.7 million worth of cryptos.
Investing on #pumpfun is like gambling with long odds. Only 0.12% of tokens reach the profitable $69,000 market cap, and just 1.4% graduate to exchanges like #Raydium . Out of 1.7 million tokens launched, fewer than 15 exceeded a $10 million market cap for multiple weeks.
To improve your chances:
Diversify your bets.
Monitor early launches to catch momentum.
Exit strategically when market caps near $69,000.
The #memecoin market remains risky, so only invest what you can afford to lose.
#andrewtate , a controversial internet personality and entrepreneur known for his outspoken views and luxurious lifestyle, has pledged to buy $1 million worth of Bitcoin each time #MicroStrategy , a company led by #Bitcoin advocate Michael Saylor, makes a Bitcoin purchase. Despite acknowledging that he already owns hundreds of millions in Bitcoin and doesn't need more, Tate commits to this gesture "for the culture." $BTC
#MicroStrategy has acquired 51,780 $BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin. $MSTR
Projects within the #Cosmos ecosystem have show little to no movement since the market upside. A growing blockchain graveyard or the calm before the storm? $OSMO $SCRT $ATOM
#BonkDAO has initiated a major token burn event, #BURNmas , starting November 15 and running through December 24, with plans to burn a staggering 1 trillion $BONK tokens. The first phase of this effort involved the burning of 100 billion BONK tokens. The goal of this burn is to reduce the circulating supply of BONK, create scarcity, and ultimately boost the token's value by mitigating inflation. This aggressive strategy is designed to build long-term sustainability and investor confidence in the BONK ecosystem. If successful, the BURNmas event will be one of the largest token burns in crypto history, reinforcing BonkDAO’s commitment to increasing the value of BONK beyond viral marketing.
In November 2024, the cryptocurrency market experienced significant growth, with #Bitcoin reaching new all-time highs near $89,000, driven by positive market sentiment and political developments. #Solana also surged, with its market cap hitting $94 billion and its price climbing to $199.38. Amid this bullish momentum, BlockDAG (#BDAG ) Network saw unprecedented demand, raising over $122 million in its presale. BDAG, a layer-1 blockchain, stands out for its high transaction processing capacity of 10,000-15,000 TPS and growing adoption, including partnerships with major sports teams like Borussia Dortmund and Inter Milan. The increasing interest in BDAG highlights a shift towards cryptocurrencies with real utility, positioning it as a promising competitor to established altcoins like Solana.
#MicroStrategy 's Bitcoin holdings have surpassed the cash reserves of major corporations like #Nike , #IBM , and Johnson & Johnson, reaching an estimated $26 billion. This milestone underscores the company's aggressive strategy to accumulate Bitcoin since 2020, spearheaded by co-founder #MichaelSaylor . Initially funded by operational cash, MicroStrategy expanded its Bitcoin position through stock issuances and convertible debt. As a result, MicroStrategy has become the largest corporate holder of Bitcoin, with its shares surging more than 2,500% since mid-2020, far outpacing Bitcoin's own 700% growth during the same period. This performance has cemented MicroStrategy's leadership in corporate cryptocurrency adoption, with investors drawn to the company's exposure to Bitcoin's gains without the need to directly manage digital wallets. The company's "Bitcoin yield," which measures the growth of its Bitcoin holdings relative to shares outstanding, has increased by 26.4% this year.$BTC
According to DeFillama. Tokenless protocols that might have an . They are on #SUI🔥 , #TON , #BSC , #solana and #ethereum chains among others. The protocols vary in services but mostly on defi.
According to DeFiLlama, #Ethereum protocol still leads with the total chains TVL, 54.5%. #Solana is distant second, #TRON✅ in on 3rd place, #BSC and #Bitcoin respectively. $ETH $SOL $TRX
Overview of SKALE Network The #SKALENetwork is a Layer 2 scaling solution for Ethereum that uses an elastic blockchain approach to provide high throughput, low latency, and cost-efficient execution of dApp transactions. It emphasizes staking, validator delegation, and active node management to ensure its decentralized infrastructure operates efficiently. The #SKALE ecosystem has tools for analytics, monitoring, and user engagement to facilitate staking and validation. Key Metrics from the SKAL
The Bitcoin Ordinals Protocol has achieved significant milestones since its inception, transforming Bitcoin into a platform for digital artifacts and expanding its utility beyond traditional financial transactions. By enabling the inscription of data directly onto the Bitcoin blockchain, the protocol has paved the way for innovations such as Bitcoin-native NFTs, BRC-20 tokens and recursive inscriptions.
2. Key Achievements - Total Inscriptions: - To date, over 70.88 million #Inscriptions h