Top assets based on market capitalization experienced a sharp decline during the weekend.
However, most assets rebounded quickly ending the week in positive territory.
Leaders: $UNI, $ETH, and $ADA
Laggards: $DOT, $LTC, and $LINK
DeFi – Risk (volatility)
Volatility across most DeFi assets has seen a steady decline since the beginning of March.
$MKR experience an uptick in April shooting the token’s volatility to 9.8% making it the most volatile asset of the group on a rolling basis.
Smart Contract Platforms – Correlations
Over the past 30 days, $SOL has become increasingly uncorrelated with the rest of the assets in the smart contract sector.
On a weekly basis, the correlation continued to decrease reaching levels as low as -45%.
Top Assets – Correlation with Bitcoin
Correlations with #Bitcoin across all assets have picked up since the beginning of March.
A notable exception is $DOGE which saw an abrupt decrease in the middle of April because of its skyrocketing performance.
Check out the full piece to read about all these analytics across several sectors including:
-Top Assets
-DeFi
-Currencies
-Smart Contract Platforms
-Decentralized Exchanges
-Web-3
El riesgo y el rendimiento son dos caras de la misma moneda.
En el resumen de esta semana, ampliamos nuestro análisis para explorar el rendimiento y el riesgo en los principales sectores del mercado de criptomonedas
Q1 2021 marked the beginning of the long-awaited ecosystem wars.
In this week's recap, we dive into the weekly performance of the most popular protocols across different Layer-1s.
Ethereum
Assets with longevity on their side showed the highest resilience during the week. As of April 22nd, $MKR and $COMP were the only two assets in the Ethereum ecosystem with positive weekly returns.
Cosmos
All assets in the Cosmos ecosystem suffered last week. $ATOM, the chain's native token, had the worst performance ending the week with a -27% return.
Centralized and decentralized exchanges were the top-performing sectors during the week fueled by the excitement of the Coinbase IPO.
Top Assets by Market Capitalization
$DOGE and $XRP were the clear outperformers of the group with weekly returns of 114% and 88% respectively.
Sector Drill Down - DeFi
DeFi was the third best performing sector of the week with an aggregate return of 22.4%. Among DeFi assets, THORChain's native token $RUNE led the way, returning 54% on the week.
Asset prices across all sectors reached new all-time highs as that bull market continues with full force.
Here is a recap of what happened 👇🏻
In this piece, the @MessariCrypto research team and I dive into the performance of the overall market and drill down on some of the top-performing assets in each sector according to our taxonomy.
The top assets by market capitalization were dominated by $BNB. The token's run was fueled by the rise of Binance Smart Chain as a low-cost alternative to Ethreum.
Further aiding $BNB's run was the exchange's accelerating volumes and earnings fueled by white hot crypto markets.