Researchers from IntoTheBlock spoke about the situation on the cryptocurrency market. They noted that interest from institutional investors and large holders of major digital currencies has grown significantly recently. Experts published a message on Twitter, where they cited statistics.
Analysts said Bitcoin (BTC) transaction volume increased by almost 80% and Ethereum by 170%.. As for the Polygon network, this figure soared 39 times compared to the figures a month ago.
IntoTheBlock researchers published an infographic showing that the value of the Bitcoin cryptocurrency has increased by 25.73% over the past 30 days. At the same time, the volume of large transactions jumped to $39.02 billion. The number of daily active addresses increased by 10% and reached 1 million. Holders' balances increased to 498.2 billion.
As for the second cryptocurrency ether (ETH), its value reached $2116, which is 35.38% higher than the same indicators a month ago. The value of large transactions jumped to $6.47 billion in the last 30 days. As for the balances of large holders, the amount of ether on them was $188.55 billion.
In addition, experts noted the results of several more altcoins. For example, the Cardano (ADA) rate jumped by 50% in a month. The volume of large transactions soared by 91% and reached $10.58 billion. By the way, the number of active addresses increased by 42.68% during the reporting period. the holders' wallets contained assets worth $3.96 billion.
As for ChainLink (LINK), whales carried out transactions worth $355.99 million over the past month. This is 244.87% higher than 30 days earlier. Quotes of the digital token jumped by 99.1% during this period. Finally, for Polygon this figure was 66.04%. At the same time, large holders purchased digital assets worth $357.6 million over the past 30 days.
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