No matter how much the Ethereum whales have, another crucial feature of the group is its investment behavior model: it extends to the assets and possibly the ecosystem itself. Whales did not sell a significant portion of ETH during the entire title period and did not work with ETH. Not surprisingly, four out of ten whales bought more ether last year.
Covalent’s latest findings in a newsletter from Cointelegraph Consulting twice a week focused on the anatomy of the humpback whale (ETH). The data show that only the 10 largest ETH whales permanently hold around 5 million ETH, with the largest whale collecting over 25% of the capital. The wallet address of the largest whale Ethereum, like the other seven whales in the ranking, is relatively young, since they first started buying in 2019.
The largest whales show a different picture in terms of total asset value, as nine out of ten own ETH and ERC-20 tokens and have actively traded various tokens since 2017. Their huge portfolios also have assets such as Uniswap (UNI). and bitcoin. Envelope (wBTC) and Binance Coin (BNB), which are popular ERC-20 tokens.
The fact sheet also describes petrol prices for 1Inch v3 and Uniswap v2 before the expected launch of Uniswap v3. In terms of efficiency, the gas taxes on Uniswap averaged 0.8% of the transaction value, while 1Inch v3 users spent on average only 0.3%. You can find a more detailed analysis in the entire newsletter.
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Facts and figures
Nearly $ 431 million has been raised in at least nine fundraising events over the past two weeks, with 76% of the capital allocated to non-perishable games and tokens, further highlighting the reality of the NFT phenomenon. However, only one deal supports 93% of the capital raised by gaming companies and NFTs such as Dapper Labs, the company behind the popular digital collection platform NBA Top Shot, which received $ 305 million in funding for a $ 2.6 billion valuation.
When it comes to hot trends in the institutional market, large banks continue to open up a world of digital assets to their customers. Morgan Stanley proposes to add bitcoin to more portfolios, while Goldman Sachs supports this trend by announcing the launch of digital asset products in the second quarter of 2021.
The tools for investing in digital assets become an intricate mosaic. While Grayscale is “100% committed” to building its largest crypto-ETF, the second and third largest digital asset manager, CoinShares and 3iQ, have teamed up to launch the Bitcoin ETF.
Read the full newsletter here for more news and signals with detailed diagrams and pictures.
Several exotic products were also exhibited, including a new microbitcoin futures contract from CME, as well as Litecoin ETP from CoinShares, as well as an investment fund for “unique” digital products such as works of art from NFT Investments.
The last two weeks represent the accelerated pace of the adoption of the central bank’s digital currency, even though the participants are at different stages of the roadmap for full implementation. China has completed its first cross-border digital yuan test with Hong Kong, despite being bypassed by the Eastern Caribbean Central Bank, which launched DCash, the digital version of the official currency of the eight countries in the union. Sweden and Japan are lagging behind, with various pilot stages not yet complete. Finally, Russia’s central bank announced its plans to launch the digital ruble in 2023.