The Week In Crypto In 5 Graphs 06/14/20
There’s something happening here, what it is …
The march to mainstream adoption of crypto is accelerating across the world. Below are five of the highlights from last week:
1. Stablecoins Are Killing It, Surpassing $11 Billion in Market Cap
Tether continues to gain share, up 1.1% in the last month, and is now well ahead of XRP ($9.2B v. $8.5B) in the battle for the third largest cryptocurrency by market cap. Per the graph below, Tether also dominates in terms of the number of accounts that hold the majority of the supply.
Learn more about stablecoins on “Stablecoins Are Killing It”, episode #7 on June 18 from 1pm-2pm EST.
2. Decentralized Exchanges Continue Their Torrid Growth In May
After record months in February and March, DEX volume growth took a breather in April before resuming again in May. Year-to-date volume through May equals $3.6B. That’s a 50% increase from 2019's total DEX volume.
3. Nexus Mutual Sets New Coverage Record
The three largest protocols being insured are Balancer, Aave, and Compound.
4. Unique Ethereum Addresses Surpass 100 Million
The total number of addresses holding ETH reached 40 million, more than 30% above the 30.1 million unique wallets holding Bitcoin, as per IntoTheBlock.
5. EOS Sees Massive Decrease In Developer Engagement In Q2 20
Blockchain Developer Report Q2 20, Outlier Ventures, Theo Turner
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