Weekly Reports on Web3 Blockchain and Crypto
Welcome to the ultimate destination for all things Web3, Blockchain, and Crypto! Our Weekly roundup delves into the latest updates and revolutionary developments in the rapidly evolving world of technology. We meticulously gather top-tier data from reliable sources to keep you well-informed and inspired. Are you ready to stay ahead of the game? Let’s explore the most recent trends and insights together!
1. Web3, Blockchain & Crypto Breaking News This Week
Here are the major breaking news stories of the week in the Web3, Blockchain, and crypto realm that you absolutely need to know about:
– NY Attorney General Takes Legal Action Against Crypto Companies for Fraud
– Creditors Challenge FTX Reorganization Plan
– Andrew Tate’s Meme Coins Shake Up Solana Market
– SEC Chair Gensler Postpones Spot Ethereum ETFs
– Cardano Founder Defends Network’s Integrity
– Robinhood Set to Acquire Bitstamp for $200 Million
– Lawmakers Call on Biden to Assist Detained Binance Executive
– Thailand Approves First Bitcoin ETF for Wealthy Investors
– Bitpanda and Deutsche Bank Join Forces for Real-Time Payments
– Watford FC Offers Equity on Crypto Platforms
– Americans Turn to Bitcoin Amid Geopolitical Tensions
2. Blockchain Weekly Analysis
The weekly analysis of the blockchain ecosystem focuses on the dominance and 7-day change of Layer 1 and Layer 2 chains, providing a comprehensive overview of the market dynamics.
2.1. Blockchain Dominance Analysis
Ethereum, TRON, BNB Smart Chain, Solana, and Arbitrum One emerge as the top five blockchains in terms of dominance and Total Value Locked (TVL). Among these, Ethereum stands out with a dominance of 64.07% and a TVL of $66,389,145,462.
2.1.1. Top Five Layer 1 Chains By Dominance
Ethereum, BNB Smart Chain, Solana, Bitcoin, and Avalanche lead the pack in terms of dominance among Layer 1 blockchains, with Ethereum commanding a dominance of 81.13% and a TVL of $66,329,231,344.
2.1.2. Top Five Layer 2 Chains By Dominance
Arbitrum One, Blast, Base, Polygon POS, and Optimism rank as the top five Layer 2 chains based on dominance and TVL, with Arbitrum One taking the lead with a dominance of 28.72% and a TVL of $3,185,688,673.
2.2. Blockchain 7-Day Change Analysis
The analysis of the 7-day change index for both Layer 1 and Layer 2 chains reveals the performance of these chains over the past week, showcasing the positive trends in the market.
3. Cryptocurrency Weekly Analysis
The weekly analysis of the cryptocurrency landscape covers a wide range of categories, from market cap analysis to top gainers and losers, stablecoins, memecoins, AI coins, and metaverse coins.
3.1. Top Cryptocurrency Categories By Market Cap
Layer 1 (LI), Smart Contract Platform, Andreessen Horowitz Portfolio, Multicoin Capital Portfolio, and Alameda Research Portfolio emerge as the top five cryptocurrency categories by market cap, with Layer 1 (L1) leading the pack with a market cap of $2,189,424,328,641 and a 7-day change of +4.4%.
3.1.1. Trending Categories This Week
Base Meme, PolitiFI, Cat-Themed, Frog-Themed, Strategy Games, and Internet of Things (IOT) are the top trending categories of the week, with Frog-Themed category boasting the highest market cap.
3.2. Top Cryptocurrencies By Market Cap
Bitcoin, Ethereum, Tether, BNB, and Solana secure the top spots in the cryptocurrency market by market cap, with Bitcoin leading the pack with a market cap of $1,403,190,110,920 and a 7-day change of +4.0%.
3.2.1. Trending Coins This Week
MANTRA, GALA, MAGA Hat, Planet IX, and OctaSpace emerge as the most trending cryptocurrencies of the week, with GALA leading in market cap.
3.2.2. Top Gainers & Losers This Week
GME, Basenji, Undeads Games, Beercoin, and Base God are the top gainers of the week, while Lifeform, NEM, Waves, OMG Network, and MANEKI are the top losers.
3.3. Top Stablecoins Analysis
Tether, USDC, Dai, Ethena USDe, and First Digital USD rank as the top stablecoins by market cap, with Tether leading the pack.
3.4. Top Memecoins 7-Day Change Analysis
Dogecoin, Shiba Inu, Pepe, dogwifhat, and FLOKI are the top memecoins by market cap, with FLOKI showing the highest 7-day change.
3.5. Top AI Coins 7-Day Change Analysis
NEAR Protocol, Internet Computer, Fetch.ai, Render, and Bittensor are the top AI coins by market cap, with NEAR Protocol exhibiting the highest market cap.
Stay tuned for more in-depth insights and analyses from the world of Web3, Blockchain, and Crypto! Let’s navigate this exciting journey together.As of Friday, June 7th, 2024, at 3:14 AM (GMT-4), the top AI coins in terms of market cap are NEAR Protocol with $8,044,387,303, Internet Computer with $5,588,676,977, and Fetch.ai with $5,137,865,736. Over the past 7 days, NEAR Protocol has seen a positive change of +2.1%, while Internet Computer and Fetch.ai have experienced changes of +1.7% and -6.5%, respectively.
In the Metaverse Coins category, Render leads with a market cap of $4,042,207,103, followed by FLOKI, Axie Infinity, The Sandbox, and Decentraland with market caps of $3,007,267,903, $1,222,799,895, $1,066,651,856, and $878,198,238, respectively. FLOKI has shown the highest 7-day change of +24.9%, while Axie Infinity and The Sandbox follow with changes of +13.7% and +8.4%, respectively.
When it comes to Crypto ETFs, Bitcoin Spot ETFs like GBTC, IBIT, FBTC, ARKB, and BITB have shown negative price changes, with IBIT leading at -1.25%. Bitcoin Futures ETFs BITO and XBTF have seen some positive changes, with BITS leading at +1.94%. In the Ethereum Futures ETF category, EETH has shown the highest negative change of -2.31%.
Among DeFi protocols, Lido has the highest Total Value Locked (TVL) at $36.411B, with EigenLayer and AAVE following at $19.995B and $13.17B, respectively. EigenLayer has seen the highest positive change over the past 7 days at +7.78%.
In the Crypto Exchange sector, Binance leads in Monthly Visits with 75.3M, followed by Coinbase Exchange, Bybit, WhiteBIT, and OKX. Binance and Coinbase Exchange have trust scores of 9/10 and 10/10, respectively.
Jupiter is the top Crypto Decentralised Exchange with a market share of 17.1%, followed by Uniswap V3 (Ethereum), Cellana Finance, Orca, and Raydium. Among the Crypto Derivative Exchanges, Binance (Futures) has the highest open interest at $23,143,639,948.
In the NFT marketplace analysis, Blur leads with a market share of 80.09%, followed by Blur Aggregator and Gem. X2Y2 has seen the highest negative volume change at -72.89%.
Overall, the crypto sector has raised $402.43M this week, with CeFi recording the highest funds raised at $218.75M. The top crypto investment locations include the UK, the US, Singapore, Estonia, and the UAE. The US is the most active crypto venture capital jurisdiction with 47 projects. The total value hacked in the crypto sector is $8.21B, with $5.97B in DeFi and $2.83B in Bridges. Notable recent hacks include Velocore losing $6.8 million on June 2nd, 2024.