Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

Crypto

<ul><li>By now, you probably already know the basics of the Merge, so let’s dive into how markets reacted, both in the run-up and in the immediate aftermath.</li><li>We will explore pre- and post-Merge markets, looking closely at derivatives, spot markets, liquidity, staked ETH, and proof-of-work alternatives to ETH.</li><li>Derivatives markets dominated ETH market activity in the month preceding the Merge, with the derivatives to spot volume ratio surging at the fastest rate ever observed. </li></ul>

By now, you probably already know the basics of the Merge, so let’s dive into how markets reacted, both in the run-up and in the immediate aftermath.We will explore pre- and post-Merge markets, looking closely at derivatives, spot markets, liquidity, staked ETH, and proof-of-work alternatives to ETH.Derivatives markets dominated ETH market activity in the month preceding the Merge, with the derivatives to spot volume ratio surging at the fastest rate ever observed. 

<ul><li>Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. </li><li>Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.</li><li>Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.</li></ul>

Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.

Independent Research, Cryptocurrencies, Carbono Insights

Carbono Insights

Independent Research, Cryptocurrencies

Advisory Firm Specialized in Cryptocurrencies

Carbono is an advisory firm specialized in cryptocurrencies that helps clients navigate the economic and financial innovations derived from the rise of digital assets. Our investment fund, Abacus Carbono, is designed to be an on ramp for investors interested in cryptocurrencies and projects born under the crypto-economy principles.

<ul><li>The current context is messy. Prices of BTC and ETH slumped twice this year (following the Terra and the Celsius/3AC crises) and show no symptoms of long-lasting recovery (yet).</li><li>Trading volume on top NFT marketplace OpenSea down 99% in USD from May peak, and DeFi is going through an identity crisis after the Tornado Cash case (more on this later), the most notable example of the increasing regulatory pressure coming from a dozen angles.</li><li>And all of this within a backdrop of global financial crisis and stagnation. Suppose you’re not heavily invested in crypto, financially or intellectually.</li></ul>

The current context is messy. Prices of BTC and ETH slumped twice this year (following the Terra and the Celsius/3AC crises) and show no symptoms of long-lasting recovery (yet).Trading volume on top NFT marketplace OpenSea down 99% in USD from May peak, and DeFi is going through an identity crisis after the Tornado Cash case (more on this later), the most notable example of the increasing regulatory pressure coming from a dozen angles.And all of this within a backdrop of global financial crisis and stagnation. Suppose you’re not heavily invested in crypto, financially or intellectually.

<ul><li>The perpetual futures market serves as the battleground for institutions, risk-hedgers and speculators alike.</li><li>In the bull run of 2021, perpetual futures acted as one of the main catalysts for all time highs as new money piled into the market with excessive leverage.</li><li>Flash forward to September 2022 and we’re seeing this new money return to perpetual futures markets more ferociously than ever, specifically for ETH, with open interest recently breaking all time highs, ahead of one of the biggest idiosyncratic catalysts crypto has seen in some time, the Ethereum Merge. </li></ul>

The perpetual futures market serves as the battleground for institutions, risk-hedgers and speculators alike.In the bull run of 2021, perpetual futures acted as one of the main catalysts for all time highs as new money piled into the market with excessive leverage.Flash forward to September 2022 and we’re seeing this new money return to perpetual futures markets more ferociously than ever, specifically for ETH, with open interest recently breaking all time highs, ahead of one of the biggest idiosyncratic catalysts crypto has seen in some time, the Ethereum Merge. 

Derivatives Dominate ETH Markets Ahead of Merge

Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

<ul><li>Last week we dived into crypto gaming as we investigated <a href="https://etherbridge.substack.com/p/enjin" target="_blank" rel="noopener">Enjin</a>, one of the leading projects in the sector. </li><li>Enjin shifted from a traditional company to blockchain organisation and has positioned itself as an integral component in the blockchain stack and crypto gaming industry going forward.</li><li>This, however, begs the question: Why will people play blockchain-based games in the future? This answer comes down to the model used by traditional games vs those blockchain-based.</li></ul>

Last week we dived into crypto gaming as we investigated Enjin, one of the leading projects in the sector. Enjin shifted from a traditional company to blockchain organisation and has positioned itself as an integral component in the blockchain stack and crypto gaming industry going forward.This, however, begs the question: Why will people play blockchain-based games in the future? This answer comes down to the model used by traditional games vs those blockchain-based.

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Merge Chart Jamboree

By now, you probably already know the basics of the Merge, so let’s dive into how markets reacted, both in the run-up and in the immediate aftermath.

Kaiko

It's Merge Week

Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list...

Kaiko

#35 Who cares about The Merge?

The Merge is one of the most relevant milestones in crypto’s evolution, and it will probably have a nice place in the annals of crypto history.

Carbono Insights

Derivatives Dominate ETH Markets Ahead of Merge

In the bull run of 2021, perpetual futures acted as one of the main catalysts for all time highs as new money piled into the market with excessive...

Kaiko

Play-to-Earn

Enjin shifted from a traditional company to blockchain organisation and has positioned itself as an integral component in the blockchain stack and...

Etherbridge

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