2/11 #BTC has been profitable for 3,750 days, or 83% of its existence
Relative to today's price, if you bought before November 2020 you're likely in profit, as per this chart:
3/11 A total of 19,248,459.375 BTC entered in circulation
This is roughly 91.66% of the entire supply ever, which is 21 million coins
4/11 More than 259,912 #BTC have been paid as transaction fees
The chart of transaction fees is below. As one can see, the fees were ever high during 2017's run.
5/11 The average transaction time has been 7.39 minutes!
The transaction times were higher, as expected, in the bull runs.
6/11 #Miners had revenue of roughly $47,671,422,165
The revenue chart is plotted below and, once more, we see the peaks coincided with the runs!
7/11 The average cost per transaction has been $38.66
This is dividing the miner's revenue by the number of transactions. It is not the cost of the user sending a transaction, but rather the cost of the transaction in the network:
8/11 #BTC reached over $1T in market capitalization
On Oct 2021, the market capitalization reached its peak of roughly $1.25 trillion USD dollars. This is more than half of #Apple's current capitalization and more than the whole #crypto scene's current one:
9/11 The #blockchain started growing exponentially somewhere in 2015 and currently has roughly 450 GB
It was in 2015 that the inflection point of the exponential growth of the blockchain happened. Its growth has been almost like a straight curve ever since:
10/11 In 2010 there was a #Bitcoin exploit that shortly increased its supply to 184 billion coins
This happened on block 74,638. The culprit is still unknown!
11/11 #Bitcoin has inspired the development of many other #cryptocurrencies, known as #altcoins, but it remains the most well-known and widely used.
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2/ Despite the negative sentiment surrounding #Solana in recent months, the network has witnessed a significant increase in daily active users in recent weeks. Outperforming many other cryptocurrencies in terms of user engagement,
3/ #Solana's #DeFi and #NFT spaces are driving growth in daily active users and total value locked (TVL). In particular, the DeFi daily active users saw a spike over the last month, contributing to a rise in TVL from $206 million to $242.77 million
After a wild 2021, #crypto ran into major headwinds in 2022 as central #banks began to unwind their #pandemic-era monetary policies. Here's a look at the 6 figures that defined crypto in 2022. 👇
1. Cardano's #TVL has skyrocketed by 40% since the start of 2023! At the moment, it stands at around $67.29 million and @MinswapDEX holds the majority of it.
2. #DeFi trading volume is skyrocketing! In the past 7 days alone, total transactional volume on #Cardano-based #DeFi protocols increased by 57%, with #Minswap alone seeing a 76% increase.
It's been a wild ride for #Bitcoin in the past year, but it looks like things could be settling down for public #miners.
Here are 10 Bitcoin mining predictions for 2023, according to @hashrateindex 👇
1. The bitcoin bear market will come to an end
The future of #Bitcoin mining is heavily influenced by the price of Bitcoin. Arcane Research's 2022 year-end report shows that the current bear market is similar in length to 2014-15 and 2018, with a peak-to-through drawdown of 78%.
2. Bitcoin’s hashrate growth will slow down
Hashrate growth in 2022 was fueled by miners expanding during the 2021 bull market. However, the poor mining economics of 2022 will likely lead to a slowdown in hashrate growth in 2023.
2/4Tensions are rising as #Winklevoss, co-founder of #Gemini, calls out #DCG founder Barry Silbert over $900 million in locked customer funds. Crypto Twitter is speculating about potential liquidity issues at #DCG and the impact on #GBTC and #ETHE positions held by #Grayscale.
3/4 Fear is high and #liquidity is low as we continue to see drama unfold between DCG and Gemini. Sentiment in the #crypto market remains down, with most market participants not feeling bullish and hesitant to take on risk. The current index sits at 26 out of 100.
1/6 Digital Currency Group #DCG and its subsidiaries are facing liquidity issues stemming from the #FTX collapse. This has led Gemini to halt its Earn Program. But why? Let's find out. 👇
2/6 #Genesis, a crypto lending company and a subsidiary of #DCG, suspended redemptions and new loan originations on November 16 due to the market turmoil caused by #FTX.
3/6 This has led to Gemini, founded by Cameron Winklevoss, halting its Earn Program which relied on Genesis for lending services. Winklevoss has accused DCG founder Barry Silbert of “bad faith stall tactics” claiming that Genesis owes Gemini customers approximately $900 million.