1. Bitcoin is making gains Friday while Ethereum options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours, which trading range was between $10,834 and $11,111.
2. DappRadar, Data Analysis Platform, pointed out in its third quarter report on the progress of DeFi that 2020 is the year of DeFi. With the emergence of liquid mining, the industry has aroused investor interest and new incentives. The model helped the industry grow by more than 10 times in the third quarter. Ethereum has 96% of the total transaction volume in the DeFi ecosystem; the total value locked by Ethereum is more than 10 billion US dollars; ETH, TRON and EOS account for 97% of the daily active wallets; IOST, ONT and NEO have joined the decentralization The world of globalized finance; the combination of the distribution of governance tokens and liquidity mining has become the key to DApp growth; Uniswap’s revenue has soared, followed by SushiSwap and Balancer. Overall, in the third quarter of 2020, all indicators of the DeFi ecosystem reached a record high, which was mainly generated by the Ethereum protocol DApp, and Ethereum has become the platform of choice for various tools and projects.
3. CoinGecko published the third quarter crypto market report. The main points are as follows: 1). The total market value and transaction volume of the top 30 cryptocurrencies in the cryptocurrency market in the third quarter increased by 31% and 34% respectively; 2). Driven by the DeFi boom in the third quarter, a total of more than 9 billion U.S. dollars of funds flowed into USDT, USDC, DAI and WBTC. Among them, the market value of USDT alone increased by nearly 6 billion U.S. dollars, the market value of USDC increased by 1.5 billion U.S. dollars, and the market value of WBTC increased by nearly 1 billion U.S. dollars; 3). In September, the trading volume of the top ten decentralized exchanges (DEX) reached US$30.4 billion, a surge nearly 7 times from July. In addition, in September, Uniswap’s dominance in DEX increased from 47% in July to 63%, and it and Curve accounted for 80% of the market share; 4). Bitcoin price remained above $10,000 for the first 65 consecutive days, But the share of Bitcoin’s market value in the third quarter fell 6.6% to 62.3%.
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