Sharks and whales have been persistent on Cardano as ADA accumulation has returned to its highest level since September 2022. According to Santiment data, individuals who own between 100,000 and $10 million worth of ADA tokens have added more than $116 million since its most recent peak on May 21. The robust growth in accumulation came […]
Messari
Solana Soars in Q2 2023: Details
The State of Solana in the second quarter of 2023 can be summarized as a period of remarkable growth and success. The Solana blockchain ecosystem has experienced significant advancements, establishing itself as a leading platform for decentralized applications (dApps) and decentralized finance (DeFi). During this period, Solana’s network achieved exceptional performance, handling high transaction volumes […]
Unique Dynamics Of Polygon: The Relationship Between Market Cap & User Base
Messari, a leading cryptocurrency analytics firm, has made an intriguing observation about Polygon’s market cap and user base dynamics. According to a recent tweet, these two metrics exhibit distinct patterns that do not move synchronously. Instead, they can be divided into three phases: Growth, Deviation, and Maturation. During the first phase, known as Growth, user […]
XRP Ledger (XRPL) 2023 Q1 Report: 56% Price Surge, Key Insights
In a recent report published by Messari, the state of the XRP Ledger (XRPL) in the first quarter of 2023 was analyzed, revealing some key insights into the network’s performance and developments. The report highlights a significant increase in activity on the XRP Ledger, with daily active addresses and daily transactions rising by 13.9% and […]
Cardano’s Q1 2023 Report: Surge In Market Cap & TVL Signals Network’s Rise In Crypto Ranks
Cardano, one of the largest cryptocurrency networks, saw a significant increase in market capitalization and total value locked (TVL) in Q1 2023, according to a recent Messari report. Cardano’s Q1 Growth Performance & Financial Overview The market cap of Cardano’s native token ADA rose 54% quarter-over-quarter (QoQ) from $8.6 billion to $13.2 billion, moving the […]
Ripple Gains A New Ally: Messari CEO Ryan Selkis Voices Support For XRP Ledger
Blockchain payments firm Ripple Labs has gained a new ally in the form of Messari co-founder and CEO Ryan Selkis, who recently took to Twitter to express his support for the company. Despite having been critical of Ripple in the past, Selkis now believes that the XRP-SEC case should be won by Ripple and that […]
Bitcoin Could Reach $100,000 In 12 Months: Messari CEO’s Bold Prediction
Messari CEO, Ryan Selkis, has made a bold prediction for the future price of Bitcoin (BTC) amidst concerns over the broader banking industry. In a tweet, Selkis suggested that BTC could rise to $100,000 in the next twelve months due to more bank failures, the reintroduction of Federal Reserve cuts and quantitative easing, and sustained moderate […]
Solana NFT Ecosystem Shines But DeFi Remains Muted: Report
Solana’s NFT ecosystem continued to show resilience amidst a bear market. Data from Messari noted that the total number of daily new NFTs users grew by more than 8 million, over a 19% increase on a QoQ basis. “For perspective, this growth in the third quarter followed after increasing by 46.4% in Q2 and is […]
Uniswap Records Highest Trading Fees But Faces Competition From OpenSea
One of the most popular decentralized exchanges, Uniswap (UNI), records the highest number of trading fees in the last three months but was not able to turn them into revenue due to increased competition from OpenSea, the largest NFT marketplace, within the market. Messari, an analytics platform or a leading provider of market intelligence products […]
Is Cardano Being “Aggressively Priced” An Understatement?
Among the growing ecosystems, Cardano has priced more aggressively, on-chain analytics dashboard Messari tweeted. The upcoming Vasil hard fork is slated to bring significant improvements to Cardano, specifically higher throughput and smart contract enhancements. Under the report titled “Non-EVM chains in the bear market”, Messari wrote Cardano was priced aggressively compared to its adoption metrics.” […]