💰 Bitcoin Profit ratio of current supply is 88.8%

The last time this level was reached was on February 7, 2024, when the price was $44,000.

@Blockchain_Crypto_Bitcoin

MORGAN STANLEY: 💰 Bitcoin miners are the quickest way to establish new data centers because they already have access to significant amounts of power ⚡️

Their models indicate that Bitcoin miners trade at a substantial discount to the intrinsic value of the power they secure

@Blockchain_Crypto_Bitcoin

❄️ Transactions on the TON network have been up over 100% since mid-March, and TON is closing in on the BNB chain in terms of transactions per day — link

@Blockchain_Crypto_Bitcoin

💰 Solana DeFi TVL increased by 232% QoQ to $4.9 billion, ranking it fourth among networks.

Lending and yield protocol Kamino jumped from Solana’s fourth largest to the top DeFi protocol by TVL. Its lending protocol ended the quarter with almost $1.3B in TVL, an 811% QoQ increase — link

@Blockchain_Crypto_Bitcoin

💰 Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago.

Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago — link

@Blockchain_Crypto_Bitcoin

🔵 Base DeFi is continuing its climb upwards. TVL is now over $1.6B, nearly a 100% increase in 1 month — link

@Blockchain_Crypto_Bitcoin

🟠 During Q1 DEX volumes on BNB Smart Chain hit quarterly highs not seen since Q4 2022. On average, there was $1.1 billion traded daily on DEXs — link

@Blockchain_Crypto_Bitcoin

💳 New Visa dashboard shows that Solana💰 has significantly more stablecoin transactions than any other blockchain.

@Blockchain_Crypto_Bitcoin

💰 TRX transfers and USDT transactions continue to represent the bulk of transactions on TRON, combining for over 76% of transactions in Q1 — link

@Blockchain_Crypto_Bitcoin

💰 The share of Bitcoin perpetual futures traded during APAC opening hours (1am-8am UTC time) has increased to 26%, up from 21% in the months preceding the CFTC’s lawsuit against Binance in early 2023.

The share of trading during US opening hours has decreased slightly from 48% to 46% — link

@Blockchain_Crypto_Bitcoin

🪙 Since the beginning of March, there has been a sharp rise in ETH staking outflows (dark blue) — link

@Blockchain_Crypto_Bitcoin

📊 DeFi lending & borrowing protocols have seen a resurgence in activity.

Borrowing volume has grown almost 250%, from $3.3 billion in Q1 2023 to $11.5 billion by the end of Q1 2024 — link

@Blockchain_Crypto_Bitcoin