Thread by @coinmetrics

In a special edition to celebrate the release of the 100th issue of State of the Network, we’ve put together 100 crypto data insights.

The insights include a mix of on-chain data and market data, all sourced from our in-house data products.

Mega-🧵 part one!

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Invested 100 days ago, $100 today would be:

- #Bitcoin (BTC): $135

- #Ethereum (ETH): $186

- @Uniswap (UNI) $401

- #Dogecoin (DOGE) $2,742

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BTC has averaged 1.12M daily active addresses over the last 100 days.

ETH has averaged 610.74K daily active addresses over the last 100 days.

On 4.14.21, BTC daily active addresses reached a new all-time high of 1,366,494.

The ATH prior to 2021 was 1,290,363 on 12.14.17.

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Over the last 100 days, @litecoin (LTC) has had more active addresses (24.39M) than @Uniswap, @AaveAave, @compoundfinance (COMP), @MakerDAO (MKR), and @synthetix_io (SNX) combined (1.41M).

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Cardano (ADA) had more active addresses from April 22nd-25th, 2021 (332,151) than the entire month of October 2020 (254,995).

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Over its 11 year history there have been over 636M BTC transactions.

Over $4.6T has been settled on the #Bitcoin network.

BTC's market cap is about 70% of silver's market cap, and about 9% of gold's.

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Currently, @Uniswap's (UNI) market cap ($33.65B) is less than half of @coinbase's (COIN) market cap ($77.62B).

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UNI, AAVE, COMP, MKR, and SNX's combined market caps ($51.66B) are about 19% of ETH's market cap ($265.99B).

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Transactions:

Average size (last 100 days):
BTC: $30.36K
ETH: $15.66K

Average fees (last 100 days):
BTC: $20.68
ETH: $16.68

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BTC average transaction fee reached $60.95 on April 20th, its highest ever.

ETH's all-time high mean transaction fee was $38.03 on Feb 23rd, 2021.

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Ethereum's average gas price since the start of 2021 has been 147 GWEI.

The average gas price on April 25th was 54 GWEI, the lowest daily average so far in 2021.

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Ethereum's all-time high average gas price was 535 GWEI on September 17th, 2020, following the launch of UNI.

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Total transaction fees:

Bitcoin: >$2B USD

Ethereum: >$3.17B USD total; over $2.3B USD since the start of 2021.

Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Cardano (ADA), Dogecoin (DOGE), Ripple (XRP), and Bitcoin SV (BSV) combined: $13.60M

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BTC's current supply is 18.69M.

ETH's current supply is 115.62M.

DOGE's current supply is 129.21B.

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In 2021 so far:

An average of about 13,525.2 new ETH have been issued per day.

An average of about 909.4 new bitcoins have been issued per day.

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In 2021 continued:

BTC has had an average annual inflation of 1.78%.

ETH has had an average annual inflation of 4.21%.

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According to Coin Metrics’ free float methodology:

~14.57M BTC are considered to be part of free float, liquid supply, roughly 78% of total supply.

~111.37M ETH is considered free float, 96% of total supply.

~36.22B XRP is considered free float, 36% of total supply.

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One BTC was $7,427 one year ago today.

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One ETH was $188 one year ago today.

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💎👐:

About 55.2% of BTC has been held for at least a year.

About 22.1% of BTC has been held for at least 5 years.

About 11.2% of BTC has been held for at least 10 years.

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BTC's velocity (7-day moving average) has stayed relatively flat since the start of the year, increasing from 4.73 to 4.76.

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ETH's velocity (7-day moving average) has increased by about 31% since the start of the year, growing from 9.89 to 13.00

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Average trusted trading volume in USD, last 100 days:

BTC: $14.51B

ETH: $6.10B

XRP: $2.41B

ADA: $1.31B

DOGE: $2.29B

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BTC's all-time high daily trusted trading volume was $33.58B on February 23rd, 2021.

DOGE had over $40B of trusted trading volume on April 16th, 2021, topping BTC's all-time high.

(more on trusted trading volume: coinmetrics.substack.com/p/coin-metrics…)

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...stay tuned for the Mega 🧵part two, and be sure to check out the full Issue 100 online!

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coinmetrics.substack.com/p/coin-metrics…