One week's beautiful article introduces the most noteworthy hot articles in the past week to help investors deeply understand the market dynamics.
1.While Its Lost 94% in Value Since the Collapse, Terra's Fractured Ecosystem Is Still Worth $2.5 Billion
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total value locked (TVL) in decentralized finance (defi) has increased from $350,174 to today’s $41.55 million.
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2.Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why
The crypto market is stuck in a tight range as larger cryptocurrencies are unable to break above key levels of resistance. The sector has been mostly inclined to the downside since September when Ethereum completed “The Merge”.
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3.How Bitcoin On-Chain Metrics Hint At A Long-Term Bottom
Predicting the bitcoin bottom is something that is done with much fervor by investors in the space since it often means more profit if they can accurately catch the bottom. It often proves to be a difficult task but using blockchain metrics can provide some guidance. Presently, these blockchain metrics have fallen to new lows, which could point toward a possible bottom for bitcoin.
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4.Bitcoin Whale Addresses At A 3-Year Supply Low, Here’s the Details…
After showing some volatility last week, the world’s largest cryptocurrency Bitcoin has maintained a steady position at around $19,200 levels. The recent BTC price movement has confused investors as to in which direction it will swing next.
On-chain data also shows an interesting exchange of hands between the whales and the smaller addresses. Crypto analytics platform Santiment explains that BTC whales are holding the lowest supply in the last three years. At the same time, the BTC supply with small and mid-sized addresses has touched an all-time high.
5. Aptos Tokenomics Overview
The Aptos Foundation presents a summary version of the Aptos protocol tokenomics below. A more comprehensive explanation of Aptos tokenomics and values is coming soon.
Initial Supply
Mainnet was launched on October 12, 2022. The initial total supply of Aptos tokens (APT) at mainnet was 1 billion tokens. APT will have 8 digits of precision as part of the fraction where the minimal unit is called an Octa.
