Turnover Went Up
Abstract: Several security issues relating to NFT occurred last week: five validator keys on Ronin bridge were hacked; Taiwanese superstar Jay Chou’sBored Ape Yacht Club, Mutant Ape Yacht Club and Doodles NFTs were stolen; the discord communicaties of several NFT projects were hacked.
The performance of the secondary market and the number of users of the Web 3.0 move-to-earn token STEPN continued to improve. The secondary market also saw an increase in its turnover and is expected to remain range-bound.
- Performance of top 100 digital assets was mixed. Last week, 65 out of the top 100 digital assets staged growth, while 35 witnessed decline.
- Turnover on exchange increased. Last week, turnover on the 10 exchanges tracked by us rose by 33.3%. Binance moved up by +37.8%. Bitfinex, Bitstamp and Coinbase recorded an increase of +10.7%, +11.2% and +17.7% respectively.
- Futures registered modest changes in turnover. Last week, turnover of Bitcoin futures market declined by 1.1%, with close position down to around US$0.0163 trillion. Turnover of Ethereum futures market grew by 20%, with open position growing to US$0.0093 trillion.
- Turnover of DEXes increased to approximately US$0.017 trillion. The decrease in weekly turnover of Dex grew by 21.4% as compared to last week.
- Turnover on OpenSea increased to US$0.00128 trillion, up 30% as compared to last week.
- Turnover increased. Market value of cryptocurrencies remained at approximately US$2.1 trillion last week. Bitcoin fluctuated between US$44,000 and US$48,000. Spot turnover went up by approximately 30% as compared to last week. Turnover of Bitcoin futures decreased by 1.1%. Turnover of Ethereum futures rose by 20%. Several security issues relating to NFT occurred last week: Jay Chou was robbed of a BAYC, MAYC and two Doodles. The stolen NFTs have been sold by hackers at 166 ETH. Attacks on the discord of eight projects including BAYC and Doodles, and the tools such as Captcha and Ticket Tool were reported, mainly by luring users to phishing websites. 173,600 ETH and 25,500,000 USDC were stolen from Axie Infinity’s Ronin bridge, and five validator keys on Ronin bridge were hacked, including four Sky Mavis validators and one Axie DAO. In addition, for the move-to-earn token STEPH, its governance token GMT rose by 206% in seven days and its gaming token GST soared 40%. The profits for the first quarter reached 198,635.62 SOL and the number of active users is growing.
Digital Currency Market Capitalization Change:
Source: HashKey Capital Research, Coin360
Bitcoin Futures Daily Trading Volume:
Source: HashKey Capital Research, The Block
- The information contained in this document has been compiled by HashKey Group (as defined below) from sources believed to be reliable, but no representation or warranty express or implied is made by HashKey Group, its affiliates or any other person as to its fairness, reasonableness, reliability, accuracy, completeness or correctness. All illustrations, examples or forward-looking information (if any) contained in this document have been provided in good faith for illustrative purposes only as of the date of this document, and are not intended to serve as, and must not be relied upon as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Whilst efforts are made to ensure the accuracy and completeness of the information contained in this document at the time of publication, errors or omissions may occur. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. HashKey Group reserves the right to correct any errors or omissions, and to change or update information at any time without prior notice.
- Each legal jurisdiction has its own laws regulating the types of investments and/or services which may be offered to its residents and/or in its jurisdiction, as well as the process for doing so. As a result, certain investment products or services discussed in this document may not be eligible for sale or offered in some jurisdictions. This document is not an offer to sell or a solicitation of an offer to purchase any investments or services. Unless otherwise specified, HashKey Group does not hold itself out to be licensed to carry on regulated activities in any jurisdiction. Additionally, providing this material is not, and under no circumstances should be construed to act as a regulated business in any jurisdiction by any person or company that is not legally permitted to carry on such regulated business in that jurisdiction.
- Nothing in this document constitutes legal, accounting, or tax advice, and you are advised to seek independent legal, tax and accounting advice prior to acting upon anything contained in this document. The contents of this material have not been reviewed by any regulatory authority. Investors are advised to exercise caution in relation to any investments or services in relation to this document. If you are in doubt about any of the contents of this material, you should obtain independent professional advice.
- To the full extent permitted by law, neither HashKey Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss arising from any use of this document or the information contained herein. No information contained in this document may be reproduced or copied by any means without the prior written consent of HashKey Group.
- “HashKey Group” is a brand name to describe any one or more entities of the group companies composed of HashKey Digital Asset Group Limited and its Affiliates.