April 2021 in numbers: Bitcoin dominance index below 50%, Dogecoin in TOP-5, USDT on Tron in the Leaders

April was remembered by the new historical maximum for Bitcoin – on April 14, the quotes of the first cryptocurrency reached $ 64,875 on the Bitstamp exchange. In the moment the capitalization of the cryptocurrency market exceeded $ 2.3 trillion.

Over the next two weeks, the rate was adjusted to $ 47,000, provoking the largest series of liquidations in the market of bitcoin textures in history. According to the results of April, the price of bitcoin sank by 1.7%.

A similar speaker was also observed in the second Ethereum cryptocurrency capitalization, the course of which was updated by the maximum in the middle of the month. However, by the end of April, the price reached $ 2800. Growth in April amounted to 44%.

Among the leading assets, the greatest growth was shown by Binance Coin (BNB). In April, the asset went up by 106%, the price maximum was recorded at $ 638.

Other leading cryptocurrencies installed new maximums:

• Cardano (ADA) – $ 1.55 (+13% for the results of April);
• Polkadot (DOT)-$ 48.3 (-2.5%);
• Uniswap (UNI) – $ 43.8 (+44%);
• Chainlink (Link) – $ 44.4 (+29%).

Against the background of the fall of the Bitcoin dominance index below 50%, many altcoins showed growth. For example, the XRP token updated the three -year maximum, in the moment approaching $ 2.

The excitement during the Dogecoin day brought DOGE memo-criticism to the fifth line in the overall rating of project capitalization. April 16, the coin reached a maximum at $ 0.45. For comparison, in early April, the asset traded in the area of ​​$ 0.05. During the month, Dogecoin grew by almost 500%. Of the liquid altcoins over the past month, CRYPTO CRO token also has also significantly went up.COM – 718%.

Market moods, correlations, user activity

Against the background of the fall of bitcoin below $ 50,000, the fear and greed index reached 24, which is the lowest value over the past year. With the restoration of the price of the first cryptocurrency, the index returned to neutral marks.

Bitcoin correlation with Ethereum and Litecoin decreased slightly. Statistical interconnection of digital gold with the American index S&P 500 remains quite high (0.26), and with gold – almost absent (0.01). Over the past month, the indicators have changed insignificantly.

At the beginning of the year, the number of Reddit branch subscribers on Reddit accelerated growth, approaching now to 2.8 million. Active users of the same subforaum are 8365, according to Messari. The number of Reddit subscribers of the corresponding Ethereum branch is 0.84 million. Of these, active users – 3750.

The volume of trading

In April, the volume of bidding on leading spotting cryptocurrency exchanges for the first time exceeded $ 2 trillion. Asian platforms are invariably leading in the section of sites.

Binance turnover reached $ 1.18 trillion. The trade volume on Huobi amounted to $ 288 billion, OKEX – $ 283 billion. Coinbase had $ 99.7 billion on the American exchange.

Futures and options

In March, the combined bitcoin-fictional bidding volume amounted to $ 1.96 trillion, $ 691 billion of which fell on Binance. In the most saturated session on April 18, the daily indicator reached $ 152 billion – it was then that the price of bitcoin decreased from $ 60,000 to $ 51,500 during the day.

Users of the adjustable Chicago commodity exchange (CME) show more and more interest in Ethereumfidies. The volume of trading these contracts on April 22 reached a maximum of $ 680 million. The general indicators for Ethereumfects (adjustable and unregulated) on April 22 and 23 amounted to a record $ 69 billion and $ 72 billion, respectively.

The total open interest in the market of bitcoin fictions throughout the month closely correlated with the price of the asset. As a result of the fall in the price of April 17-18, the volume of liquidations exceeded $ 10 billion-this is the largest forced closure of the positions of traders in history. The vast majority of them are long positions.

In April, the maximum volume of $ 34.2 billion was reached in the Bitcoin Option market in April. Among the participants in the segment, Ethereum -based contracts are also popular, the volume of trading over the past month amounted to $ 7.8 billion. The Deribit platform remains the unchanging leader – it accounted for 88% of the total turnover.

Defi

The total cost of funds blocked in Defi applications (TVL) based on Ethereum exceeded $ 66 billion. The indicator grew in April by 51%. The reasons for the revival of the activity and growth of the segment could be the take -off of the price of ETH and the reduction of the average transactionary commission.

TVL Landing Project Maker overcame the line of $ 10 billion. Similar competitors – AAVE and Compound – exceeded $ 9 billion. Like a month ago, the three leaders remained unchanged.

As before, the largest segments of the Defi-transist based on Ethereum are lending (51%) and decentralized exchanges (34%). During the month, the share of the first increased by 5%, the second – decreased by 5%.

Among the top 20 tokens of Defi projects, the most growth was demonstrated by the Pancakeswap project-135%. Maker and Compound Ethereum Platform assets increased by 101% and 74%. Thorchain (Rune) growth was 81%.

In April, the growth rate of the sector of tokenized bitcoins decreased. The total value of these assets last month increased by 9.6%. In the previous period, this figure was 34%.

Slightly grew in the capitalization of WBTC and HBTC, sank – RenbTC and SBTC. The total cost of tokenized bitcoins came close to $ 12 billion.

TVL ecosystems based on Binance Smart Chain (BSC) approached $ 44 billion. This is 66% of the Ethereum Ecosystem.

The Pancakeswap project came first in the first place in the Defistation rating, squeezing Venus. In third place is the rapidly growing Pancakebunny platform.

Defi projects based on Polygon (in the past-Matic) are gaining popularity. The largest indicators of the TVL dynamics and users at the Quickswap applications (analogue Uniswap), Polywhale Finance and Aave.
Polygon is positioned as a second -level solution aggregator. Fast and extremely cheap transactions are the most likely platform growth driver, which has reached $ 2.34 billion (according to Defi Pulse). The growth of the Native project (Matic) over the past month exceeded 120%, and its capitalization reached $ 5 billion.

Dex

In April, the volume of bidding on leading decentralized platforms exceeded $ 120 billion. This month, not only protocols based on Ethereum were taken into account in the calculations, but also the host of the Pancakeswap BSC platform, which accounted for $ 57.6 billion. For comparison, the Uniswap indicator amounted to $ 36.5 billion.

The change in the alignment of forces in the segment suggests that many users are important low commissions and quick transactions. This is confirmed by onchain-data.

During the month, the share of Uniswap in the total turnover of DEX based on Ethereum decreased from 74.3% to 54.5%. Over the same period, the positions have significantly increased:

• Sushiswap – from 9.90% to 16.6%;
• 0x – from 3.5% to 9.9%;
• Curve – from 5.90% to 7.70%;
• Bancor – from 2.59% to 4.78%.

The listed factors indicate an increase in competition among DEX. It will be interesting to observe the market picture after launching the third version of Uniswap with its radically new functions.

NFT

The excitement around the segment of non -replaceable tokens, apparently, fades away. In April, the volume of NFT trading on leading marketplaces decreased by 40%. The thesis is confirmed by a decrease in the number of search queries in Google.

In the context of platforms in the leaders, Opensea reached $ 93.3 million. The second place with an indicator of $ 90.1 million was taken by the Cryptopunks marketplace, and the once leading NBA Topshots generated $ 73.5 million turnover.

The launch of its own NFT marketplace announced the Binance Exchange. He planned for June.

You still don’t understand NFT? We held a five -hour conference that will help to understand. Record is available on the Forklog YouTube channel.

Stebblecoins

The total capitalization of stablecoins in April exceeded $ 80 billion. The Tether usd leading indicator has increased to $ 53 billion. The second most popular USDC has begun $ 4 billion for a year, and now this figure exceeds $ 14 billion. Busd from the Binance exchange crossed $ 7 billion.

The total cost of Tether based on TRON (USDT-TRX) exceeded the indicator of the same stablecoin based on Ethereum (USDT -TH). An increase in the USDT-TRX proposal is probably a response to the increased demand of users who want to minimize costs and https://gagarin.news/ accelerate transactions.

P2P trade

The volume of trading on the Localbitcoins P2P platform in April reached an annual minimum in dollar equivalent. The total volume of Bitcoin transactions has been updated by the anti -record since 2013.

The opposite situation is observed on Paxful. Weekly trading volumes on this site approached maximum indicators in dollar equivalent. At the same time, the volume of Bitcoin transactions remained the same, which indicates the influence of the asset course on the results of the platform.

In April, South Africa stood out in the context of the regions, whose residents made transactions for $ 69.2 million within a month. In the first week of the month, the volume of trading was ahead of the peak indicator of August 2020.

Mining, hashrate, commissions

Despite the significant growth of the commissions, the total income of the bitcoin mainers has decreased by 3% over the past month. The most likely reason is price stagnation.

The total income of Ethereum Mainers grew by 19% against the background of update at the price of ETH new maximums. In the structure of miners’ receipts, rewards for blocks began to prevail again.

After the hashReite falls due to blackouts in the Chinese Sichuan, the interval between the blocks was equal to the peak marks of November 2020. For some time the indicator exceeded 15 minutes, according to the Bitinfocharts service. By the end of the month, the hashrate has completely recovered, and the interval decreased.

• After updating the new maximum, the complexity of bitcoin production fell by 12.6%.
• Antpool from Bitmain has become the main rival of F2Pool for leadership among the largest pools. Confidently holds the position of Binance Pool. Foundry USA, Digital Currency Group, a subsidiary of Digital Currency Group, entered the top ten.

36,355 updated NODs operate on the Bitcoin network, and their total number is about 80,000. This is evidenced by the service data from the developer Bitcoin Core Luke Dash Jr. According to Bitnodes, 3160 knots (32.17%) use Bitcoin Core 0.21.0.

In the second half of April, the average Bitcoin transaction commission exceeded $ 60. Against the background of the restoration of the hashrate, the indicator by the end of the month stabilized above $ 20.
Despite the growth of Ethereum to new maximums, the average commission for the transaction on the network has decreased to the marks of January. This is probably due to the widespread implementation of second -level solutions that unload blockchain. Also, the situation could be affected by the recent Harder Berlin, who optimized various aspects of Ethereum, including the gas calculation algorithm.

Heshchreyt correction with the price of Ethereum grew in April by 16.4%. Since the beginning of the year, the growth of the indicator amounted to 93%.

Against the background of stagnation, the prices of bitcoin in April shares of public mining companies demonstrated negative dynamics:

• Canaan and Ebang sank by 43%;
• Riot Blockchain – 19.6%.

Onchain-data

In April, the number of addresses with ≥ 0.01 BTC increased by 1.8%, and from the beginning of the year – by 7.7%. It is important to note that one user may have many bitcoin addresses. This means that the growth of the indicator only indirectly indicates an increase in the number of users.

Last month, Ethereum set a daily-transaction record record at the mark of 1.57 million. Probably growth

activity is related to revitalization in the Defi sector and a decrease in the average commission on the network. Also, the interest of users in Ethereum may be due to the sharp increase in the price of the asset.

Ethereum is significantly inferior in the butt activity of the ecosystem from Binance. The daily number of BSC transactions last month reached a maximum at the mark of 9.13 million. In April, the indicator grew by 125%, and from the beginning of the year – by 1976%.

The cost of cryptocurrency at an Ethereum 2 deposit contract.0 reached $ 13 billion. In April, the number of coins in the steaking ETH 2.0 increased by 12.5%, and from the beginning of the year – by 87%. This indicates the interest of users in the new version of the platform and confidence in its prospects.

The activity of large players

Interest in whales in Ethereum

Open interest in Ethereum Figures on the CME adjustable exchange approached $ 300 million. The volume of trading of these derivatives has also increased significantly. The growth of indicators accelerated during the period of update at the price of Ethereum of historical maximums, as well as against the background of the approval of four Canadian Ethereum-ETF-from Purpose Investments, Ci Global Asset Management, Evolve Funds and 3IQ.

Grayscale

In mid -April, the value of assets under the control (AUM) Grayscale Investments exceeded $ 50 billion. The suspension of deposits in GBTC slowed the AUM growth rate and led to a record decrease in bitcoin traffic quotes with a relatively clean value of assets (-18.92%). This indicates active sales of securities from Grayscale.
A few weeks ago, Grayscale Investments launched five new funds – based on Basic Attend Token, ChainLink, Decentraland, Filecoin and Livepeer. The company also announced its intention to transform bitcoin trast to a fund traded on the exchange (ETF) based on the first cryptocurrency.

Microstrategy

The largest British Bank HSBC forbade customers the purchase of Microstrategy shares, but this did not stop the growth of their course. The company invested an additional $ 15 million in the first cryptocurrency and announced new Bitcoin purchases. Among other things, Microstrategy approved the payment of remuneration to members of the board in Bitcoin.
Microstrategy leads among public companies in the volume of reserves in bitcoin. The indicator is 91 579 BTC worth more than $ 5 billion, according to Bitcoin Treasuries.

Large venture rounds

In the first quarter of 2021, cryptocurrency companies attracted an amount from $ 50 million from venture investors twice as often as in 2020. The average transaction size increased by 120%.

Here are the main venture rounds of April:

• Paxos attracted $ 300 million from Declaration Partners, PayPal Ventures, Mithril Capital and other companies. According to the results of the round of the D series, investors estimated the company at $ 2.4 billion;
• Digital Asset Holdings, working with corporate blockchain solutions, attracted $ 120 million as part of the round of financing of the D series;
• Alchemy blockchain developers have attracted $ 80 million during the round of financing of the series B;
• Consensys attracted $ 65 million from JPMorgan, MasterCard and other famous investors;
• Aleo startup attracted $ 28 million from A16Z, Galaxy Digital and Polychain Capital;
• The Coinswitchkuber Indian Bitcoin Torge closed the rank of financing of the series in $ 25 million;
• Injective Protocol Defi project attracted $ 10 million from Mark Kyuban and Pantera Capital.

Key events in the regions

• The tax Russian Federation retained reporting requirements for cryptocurrency owners. At the same time, experts recorded a surge of the Russians declared operations with cryptocurrencies.
• Russian banks will create the first blockchain operator in the Russian Federation.
• Russians’ expenses for components for mining increased by 51%.

• Officials declared over 46,000 BTC for 2020. The National Agency for Prevention of Corruption intends to verify the source of the origin of funds for their purchase and the compliance of assets for the declared.
• The authorities proposed to indicate in the declaration of the address of the Bitcoin-Koshelkov address. At the same time, from April 15, the law on criminal liability for officials for concealing information about assets or real estate (including cryptocurrencies) in the amount of over $ 40,500 entered into force.
• The Committee on Digital Transformation recommended the Verkhovna Rada to adopt the bill “On Virtual Assets” in the second reading.
• Gosfinmonitoring told how suspicious transactions with cryptocurrencies were tracking.

Regulation

South Korea will enhance control over illegal transactions against the background of the growth of the popularity of investment in digital assets.

Japan will introduce the FATF provisions on countering money laundering and financing terrorism for local cryptocurrency companies.

Senate USA approved the candidacy of Gary Gensler to the post of chairman of the securities commission and exchanges.

Deputy manager of the People’s Bank China Li Bo announced the need to consider cryptocurrencies as alternative investments.

Government Cuba Included cryptocurrency in the “leading principles of the economic and social policy of the party and revolution” until 2026.

Since April 30 in Turkey The ban on the Central Bank on the calculations in cryptocurrency for goods and services entered into force. The government of the country announced the rapid introduction of the regulation of the cryptocurrency industry amid the growth of the popularity of digital assets. The media reported that the regulators will tighten the requirements for bitcoin turbans.

Closed investment funds for institutional customers Germany From July 1, they will be able to invest up to 20% of the assets in cryptocurrencies.

Regulation

South Korea will enhance control over illegal transactions against the background of the growth of the popularity of investment in digital assets.

Japan will introduce the FATF provisions on countering money laundering and financing terrorism for local cryptocurrency companies.

Senate USA approved the candidacy of Gary Gensler to the post of chairman of the securities commission and exchanges.

Deputy manager of the People’s Bank China Li Bo announced the need to consider cryptocurrencies as alternative investments.

Government Cuba Included cryptocurrency in the “leading principles of the economic and social policy of the party and revolution” until 2026.

Since April 30 in Turkey The ban on the Central Bank on the calculations in cryptocurrency for goods and services entered into force. The government of the country announced the rapid introduction of the regulation of the cryptocurrency industry amid the growth of the popularity of digital assets. The media reported that the regulators will tighten the requirements for bitcoin turbans.

Closed investment funds for institutional customers Germany From July 1, they will be able to invest up to 20% of the assets in cryptocurrencies.

Other significant events of April

Tesla sold some bitcoins

In the first quarter, the manufacturer of Tesla electric cars sold 10% of bitcoins purchased in February for $ 272 million. According to Ilon Mask, this is done to check the liquidity of the market.

Coinbase has a direct listing of shares on Nasdaq

On April 14, a direct listing of Coinbase cryptocurrency exchange on NASDAQ under the Coin ticer took place. The opening price was $ 381. In the first hours of quotes, they rose to $ 429.5, but as a result of the closure of the first session decreased to $ 310. Already on April 23, Coin reached a minimum of $ 282, and a month closed at $ 297 (-21%).

Coin tokenized shares trading is available on Binance and FTX.

Venmo added support for bitcoin, Ethereum, Litecoin and Bitcoin Cash

Venmo PayPal PayPal Venm Paying Service added an option for buying and selling cryptocurrencies for 77 million users. The minimum purchase amount is $ 1.

Quote of the month

“Bitcoin’s offer is growing by 2% per year, and demand increases faster. That’s all you really need to know “.Bill MillerFounder Miller Value Partners