Blockchain Weekly | The overall heat of the trading market has dropped by about 30%, waiting for a good time in August

First, the basic data

1. At present, the total market value of the encrypted goods market is 264.671 billion US dollars, down 7.26% compared with the previous week;

2. The volume of the entire cryptocurrency market in the last week was 368.223 billion US dollars, down 28.56% compared with the previous week's 515.406 billion US dollars, which was 33.44% lower than the volume of 553.222 billion US dollars two weeks ago.

3. After removing the market value and transaction volume of Bitcoin, the total market value of other cryptocurrencies is $939.98 billion, and the weekly trading volume is $257.016 billion;

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Second, the trading market

In the past week, the total market value of cryptocurrency fell. The data shows that the market value of Bitcoin accounts for 64.5% of the total market value of cryptocurrency, which is further reduced compared with the weight of 65.3% in the previous week. Recently, the total transaction volume of Bitcoin accounted for 30.2% of the weekly trading volume of cryptocurrency, which continued to decline compared with the proportion of total transaction volume of 31% in the previous week.

Source: CoinMarketCap

It can be seen that in the past week, except for the sharp rebound of BSV, the prices of other mainstream currencies have been flat or slightly down. In addition, it is obvious that except for TRX and DASH, the trading volume of all mainstream currencies has fallen sharply, and the trading market sentiment has been further depressed.

Mainstream currency exchange prices and trading volumes

Source: CoinMarketCap

Third, mining situation

As shown in the chart below, it can be seen that the BTC calculations in the past week hit the previous high of 74 EH/s on July 27th. Although the currency price has been adjusted back, the upward trend of BTC computing power is more obvious. In addition, similar to the currency price trend, the ETH, LTC and DASH currency calculations have slightly declined. The BCH and BSV network computing power is basically the same as the previous week.

Nearly March BTC network computing power

Nearly March ETH network computing power

LTC full network computing power in March

Nearly March DASH network computing power

The network computing power of BCH and BSV in recent March

Source: Bitinfocharts

Based on the electricity cost of 3 Mao and the cost parameters of mainstream miners, the estimated number of days of the current major currencies is as follows:

Source: Hubox Estimation

Fourth, the situation of stable currency

We have chosen to observe the trading situation of stable currency in the past week. We can see that the total turnover of stable currency in the past week was 125.498 billion US dollars, down 27.68% compared with the previous week's 173.529 billion US dollars. USDT's average daily turnover in the past week was US$17.563 billion, accounting for 97.96% of the stable currency transaction volume. This ratio is basically the same as the previous week's 98.18%. The second and third stable currencies were TUSD and PAX. The average daily turnover in the past week was 163 million US dollars and 133 million US dollars respectively. Compared with the previous week, the TUSD volume fell 21.37%, and the PAX volume fell. 1.78%.

Source: Coinmarketcap

Five, DApp list

In the past week, DAU ranked Top 100's various DApps as follows.

First, the basic data

1. At present, the total market value of the encrypted goods market is 264.671 billion US dollars, down 7.26% compared with the previous week;

2. The volume of the entire cryptocurrency market in the last week was 368.223 billion US dollars, down 28.56% compared with the previous week's 515.406 billion US dollars, which was 33.44% lower than the volume of 553.222 billion US dollars two weeks ago.

3. After removing the market value and transaction volume of Bitcoin, the total market value of other cryptocurrencies is $939.98 billion, and the weekly trading volume is $257.016 billion;

Second, the trading market

In the past week, the total market value of cryptocurrency fell. The data shows that the market value of Bitcoin accounts for 64.5% of the total market value of cryptocurrency, which is further reduced compared with the weight of 65.3% in the previous week. Recently, the total transaction volume of Bitcoin accounted for 30.2% of the weekly trading volume of cryptocurrency, which continued to decline compared with the proportion of total transaction volume of 31% in the previous week.

Source: CoinMarketCap

It can be seen that in the past week, except for the sharp rebound of BSV, the prices of other mainstream currencies have been flat or slightly down. In addition, it is obvious that except for TRX and DASH, the trading volume of all mainstream currencies has fallen sharply, and the trading market sentiment has been further depressed.

Mainstream currency exchange prices and trading volumes

Source: CoinMarketCap

Third, mining situation

As shown in the chart below, it can be seen that the BTC calculations in the past week hit the previous high of 74 EH/s on July 27th. Although the currency price has been adjusted back, the upward trend of BTC computing power is more obvious. In addition, similar to the currency price trend, the ETH, LTC and DASH currency calculations have slightly declined. The BCH and BSV network computing power is basically the same as the previous week.

Nearly March BTC network computing power

Nearly March ETH network computing power

LTC full network computing power in March

Nearly March DASH network computing power

The network computing power of BCH and BSV in recent March

Source: Bitinfocharts

Based on the electricity cost of 3 Mao and the cost parameters of mainstream miners, the estimated number of days of the current major currencies is as follows:

Source: Hubox Estimation

Fourth, the situation of stable currency

We have chosen to observe the trading situation of stable currency in the past week. We can see that the total turnover of stable currency in the past week was 125.498 billion US dollars, down 27.68% compared with the previous week's 173.529 billion US dollars. USDT's average daily turnover in the past week was US$17.563 billion, accounting for 97.96% of the stable currency transaction volume. This ratio is basically the same as the previous week's 98.18%. The second and third stable currencies were TUSD and PAX. The average daily turnover in the past week was 163 million US dollars and 133 million US dollars respectively. Compared with the previous week, the TUSD volume fell 21.37%, and the PAX volume fell. 1.78%.

Source: Coinmarketcap

Five, DApp list

In the past week, DAU ranked Top 100's various DApps as follows.

Source: DappRadar

Sixth, the market summary

In the past week, both the overall market value of cryptocurrencies and the volume of transactions have shown a downward trend, and the volume of transactions has fallen by a large margin, which has dropped to about 70% of the previous week. As a basic indicator for judging the market's heat and bulls and bears, only the transaction continues to be heavy, only the basis of the bull market. At the same time, the mining power of each mainstream currency has not been significantly adjusted back. The stability of the computing power represents to some extent the confidence of the market and a support at the current price point. The recent frequent correction of the currency price may allow us to usher in a good opportunity in August and September.

Note: This article does not constitute any investment advice.

Source: DappRadar

Sixth, the market summary

In the past week, both the overall market value of cryptocurrencies and the volume of transactions have shown a downward trend, and the volume of transactions has fallen by a large margin, which has dropped to about 70% of the previous week. As a basic indicator for judging the market's heat and bulls and bears, only the transaction continues to be heavy, only the basis of the bull market. At the same time, the mining power of each mainstream currency has not been significantly adjusted back. The stability of the computing power represents to some extent the confidence of the market and a support at the current price point. The recent frequent correction of the currency price may allow us to usher in a good opportunity in August and September.

Note: This article does not constitute any investment advice.

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