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๐Top 10 crypto projects related to asset tokenization by developer activity over the past month from Santiment:
$LINK
๐ฅ
$AVAX
๐ฅ
$XLM
๐ฅ
$AXL
$IOTA
$INJ
$XCH
$HBAR
$VET
$CFG
#tokens
#altcoins
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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LINK
15.73
+7.44%
AVAX
21.24
+7.21%
XLM
0.378
+26.54%
635
0
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๐ฅ BNB Foundation held a 32nd quarterly burnout BNB Foundation conducted a 32nd quarterly burn of 1.6M $BNB tokens worth over $1 billion. Total assets withdrawn from circulation amounted to 1,595,599 BNB, equivalent to $1.024 billion at the time of the procedure. BNB's total supply has since been reduced to 139.3 million. The destruction of coins takes place within the framework of the Auto-Burn mechanism. Its goal is to reduce the volume of the asset to 100 million. The amount of the burn depends on the price of BNB and the number of blocks generated in the network during the quarter. BNB Chain ranks fourth among the networks in the DeFi-ecosystem in terms of TVL. #bnb #Binance
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In 4 months, 315,830 $BTC ($35.8b) were withdrawn from crypto exchanges - Santiment ๐ง Investors are actively withdrawing BTC from exchanges, despite the new ATH. There is no pressure from sellers. Bitcoin has reached another historic record high, rising to a market value of $118K. Despite the BTC price rising +13.6% since the local bottom on June 22, traders have shown no desire to bring coins onto exchanges (to potentially sell). In fact, among known exchanges, the long-term trend continues to show that bitcoin holders are increasingly moving their coins into self-storage wallets. In the last 4 months alone, exchanges have seen a net drop of 315,830 bitcoins (-21%). Over the 5 years since July 2020, the drop has been even more staggering: 1.88M BTC left exchanges (-61%). Overall, the trend of coins leaving exchanges indicates that the threat of a sudden market crash is becoming more limited, and long-term investors are increasingly choosing to keep their coins in personal vaults for the long term. #BTC #BTCBreaksATH
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๐ BTC Again Updates High at 118K Funds continue to flow into spot Bitcoin ETFs, + $1.18B yesterday (6 green trading days in a row). Private investor sentiment in $BTC is now the most bullish in a month - Santiment data. New ATH for everyone now serves as an outlet and hope for further growth of alta as the cycle continues. $ETH is also actively growing. US media company GameSquare is launching an ETH reserve management strategy and intends to invest up to $100M in Ethereum in phases. Various companies continue to buy despite the current value of BTC and ETH. #BTC #ETH #etf
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๐ฃ Vitalik Buterin talks about Ethereum Foundation's new strategy According to Buterin, Ethereum Foundation is changing its strategy. Previously, the organization sought to cover the entire ecosystem and coordinate its work, but now it will focus on tasks that it can perform independently. The main areas of activity: development of the first level protocol (L1); creation of decentralized applications with a focus on privacy and protection from backdoors; active participation in the development of standards and tools for the ecosystem. Ethereum Foundation will be more involved in developing application solutions. In his opinion, this is a more effective way to achieve goals than criticizing existing products. Buterin admitted that in recent years the growth rate of $ETH has been inferior to $BTC and $SOL . He noted that it is difficult to determine the reasons for such dynamics. In his opinion, the key importance is the level of influence of the L1-network - without it, Ethereum may lose its relevance. #ETH #Ethereum #VitalikButerin
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Whales have started to actively accumulate $XRP - ๐งSantiment The number of wallets with a balance of more than 1 million XRP is rapidly increasing. The market value of XRP hit a 7-week high, crossing the $2.39 mark for the first time since May 23. Currently, there are 2,742 wallets containing at least 1 million XRP, which is one less than yesterday's all-time high of 2,743 wallets. Furthermore, these 1 million wallets collectively hold $47.32 billion in XRP as they continue to show confidence in the future of the #4 market cap cryptocurrency, Santiment noted. #Ripple #Xrp๐ฅ๐ฅ #Whale.Alert
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