On-chain data for March: The number of Bitcoin holding addresses exceeds 40 million, and the Ethereum fee is close to 4 million US dollars

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New & active addresses

• bitcoinbitcoinThe number of active addresses in the entire network of 22.173 million, compared with 25.2711 million in Februarydown 12.25%. During the same period, the market value of Bitcoin also experienced a large decline.

• The number of active addresses of mainstream currencies with halving concepts such as ETC, BSV, and DASH all experienced different levels of decline in March.fall back, decreased by 28.88%, 35.88% and 13.47% respectively from the previous month.

• increaseincreasethe trend of. This may be due to the fact that on the Ethereum networkDefiContinuous development of the application.

• deviate fromdeviate fromWe tend to see it as a signal to watch and invest in. We'll also hope to find more early-stage projects worth watching through this metric.

RecentlyRecentlydevelopment situation. This can be analyzed by comparing the items in the above figure.

• Bitcoin still ranks first in this indicator, but its new addresses in March fell by 16.17% from the previous month.

• ETC’s number of new addresses in the first quarter was second only to Bitcoin. Most of the new addresses came from February 16 to March 3, when the market went down.

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Number of transactions & number of blocks produced

• The first three digits of the transaction number areIOST, TRON, and XRP. The sum of these three can account for 65% of the total number of transactions in the top ten. This also highlights the advantages of DPOS consensus in terms of speed and performance.

• Ethereum processed in March20.12 milliontransactions, resulting in$3.989 millionthe handling fee. While the Bitcoin network processed in March8.594 milliontransactions, resulting in$8.008 millionthe handling fee. Even in U.S. dollars, the fees on Ethereum have reached one-half of Bitcoin, but its current market value is only about one-seventh of Bitcoin.

For some reason, we did not calculate the data for EOS. If the EOS network is added to the competition, the result should be a unilateral massacre of network performance by the DPOS consensus.

The number of blocks produced depends on the block interval and the number of rewards per block. The block interval will directly affect the waiting time for users to transfer money on the chain.

• We joined EOS in this statistics, but the result did not appear the hanging scene that we had expected. At least its 5.3957 million blocks in March did not distance itself from the second place: IOST ranked second with 4.8857 million blocks.

We also checked the real-time on-chainTPSNumber of currency holding addresses

Number of currency holding addresses

• We excluded the Bitcoin fork family buckets other than BCH and BSV, so as to obtain more comprehensive currency holding address data.

• As of the end of March, the number of bitcoin holding addresses was41.252 million, a month-on-month increase of 9.62%; The number of currency holding addresses in Ethereum is37.539 million, a month-on-month increase of 2.05%BSV and BCH rose by 0.58% and 0.21%, respectively.

• Among the projects with a certain scale, in addition to Bitcoin and Ethereum, projects whose currency holding addresses increased by more than 1% in March compared with February, there are Tron (4.85%), Dash (8.8%), Zen (4.98%) , Zcash (3.78%), RVN (5.36%) and DCR (12.19%), the number of currency-holding addresses of most mainstream projects has not declined.

Summarize

Summarize

On the whole, the on-chain activity in March has declined to a certain extent compared with February, and the growth rate of most mainstream projects has slowed down. The time for the halving of Bitcoin is getting closer and closer, and the halving concept projects that have been taking turns to promote before have also died down one after another.

Before the market ushers in the next big positive or upward trend, it may fall into a period of sideways trading, negative decline and narrowing of the fluctuation range, thus forcibly completing another cleansing of the entire ecology.

During this period, we may experience various traps such as the "gate of calm" in the contract market, the resurgence of similar model coins, and so on. The market will go up and down, but the data will not lie. Bitcoin is still developing, and new seeds have quietly sprouted in places we can see and can't see.