In the crypto bear market, most decentralized spot and perpetual exchanges’ volumes have declined. However, GMX, one of the on-chain exchanges, has seen its TVL grow and almost touch US$400 million. We will analyze GMX by evaluating its strengths, token…
This report explores the relationship between Reverse Repurchase Agreements (RRP) and Bitcoin price movements. Inverted RRP is a useful indicator as RRP directly drains out money supply. The Inverted RRP may indicate sell-offs in equity markets (SPX/IXIC/Bitcoin) when it shows…
How are top digital exchanges embracing Web3? Since 2020, Web3 and the metaverse have been among the most-watched topics globally despite the bearish cryptocurrency market of late. To many, Web3 is an opportunity to place the value of users’ data…
The Merge project, backed by the Ethereum Foundation, has always laid claim to a strong community consensus, and hard fork supporters have been seen as an unpopular minority. This report analyzes the possibility of the Ethereum hard fork from three…
All data in this report was captured and analyzed by Huobi Research; please cite the source “Huobi Blockchain Big Data” for reference. Abstract All data in this report was captured and analyzed by Huobi Research; please cite the source “Huobi…