Huobi Group published a statistics-filled report called ‘Huobi Blockchain Big Data’ on Nov. 7th that breaks down the activities of the previous crypto week from Oct. 24th to Oct. 31st. The report focuses on social media and market trends data, transaction fees, distribution of wealth on selected blockchain protocols, the movement of digital assets, Dapp activity, and trending crypto keywords.
In the markets, the prices of digital assets decreased, and the “trading volume increased dramatically.” EOS’ trading volume increased by 103 percent.
Week in Numbers
The number of active Bitcoin addresses has been on the rise for six consecutive weeks. The number reached 3.69 million, showing a 1.8 percent increase from the previous week. This is the largest number of active Bitcoin addresses recorded in the past two months. 1.35 million Bitcoin addresses were created this week in comparison to 1.37 from the previous week.
The number of active Ethereum addresses rose by 2.6 percent from 1.166 million from the previous week to this week’s figure of 1.196 million.
The transaction volume for the Bitcoin network decreased by 5.82 percent from 5.949 million to 5.602 million. The number of transactions increased by 3 percent from the previous week to reach 1.768 million. The average amount of BTC traded per transaction declined by 8.6 percent from the previous week and now equals 3.17 BTC.
Transaction fees on the Bitcoin network increased from 114.6 BTC to 120.4 BTC. The transaction amount of Bitcoin rose by 3 percent and reached the “largest amount for [the] recent 6 months.”
The average amount of ETH traded per transaction decreased by 9 percent. Just like Bitcoin, the total amount of transaction fees on the Ethereum network increased from 10,100 ETH to 10,400 ETH.
The total number of transactions on the EOS platform increased by 10.4 percent to reach 21.84 million. This trend has been going on for the last six weeks. The top 5 Dapps on the EOS platform are “BetDice, Endless Dice, EOSPoker, EOSBet, and EOS Knights respectively.” There are currently 123 Dapps on the EOS blockchain protocol.
The top 5 Dapps on the Ethereum network “with regard to the transaction volume of accounts this week are IDEX, Dice2win, CryptoKitties, ForkDelta, and Ethroll respectively.” There are currently 1,137 active Dapps on the Ethereum network.
Social Media and Keywords Analysis
“Huobi,” “Binance,” and “ZB” were the most searched words of the week in the exchanges category. Other trending words of the week include “SEC,” “Node,” “NANO,” “China” and “Ox.”
With regards to GitHub code activity:
“IOTA, TRX, and ADA were the projects with the most code rows; It’s worth noting that IOTA has had a lot of code updates this week, with 1,718 rows of code updated on 53 submissions.”
The top 3 active Telegram groups are Ontology Group, Vechain English Group, and EOS China (Chinese group).