From October 19th to October 25th, the weekly data report on Bitcoin and Ethereum chains.
Number of active addresses
Last week, the number of active addresses on the entire Bitcoin network was 6,799,800, an increase of 4.99% from the previous month; while the number of active addresses on the entire Ethereum network was 3,896,600, a decrease of 7.65% from the previous month.
After oscillating and adjusting at the 10,000 yuan mark for nearly 60 days, Bitcoin finally ushered in an upward breakthrough last week, and it was once close to a new high of $14,000 for the year.
During the same period, the activity on the chain also increased collectively. On October 24, the number of active addresses on the chain reached 1.1165 million, which is the fifth highest number of single-day active addresses in Bitcoin's history and the highest since January 20, 2018. .
The number of active addresses in Ethereum has dropped, but as Bitcoin regained its upward trend, Ethereum's on-chain activity on the 23rd also began to rise.
Number of new addresses
During the same period, the number of new addresses on the Bitcoin network was 3,431,400, an increase of 2.67% from the previous month, and the number of new addresses on the Ethereum chain during the same period was 1,287,700, a decrease of 14.59% from the previous month.
The number of new addresses in Ethereum failed to maintain the previous strong upward trend and fell back this week, but it was still higher than the previous week's 1.045 million. As the market focus returns to Bitcoin, Ethereum's short-term on-chain data has declined slightly.
On-chain transaction volume
In terms of on-chain transaction volume, Bitcoin’s on-chain transaction volume reached 21.058 million BTC in the past week, an increase of 28.48% from the previous month. The trading volume of Ethereum was 17.948 million ETH, an increase of 5.45% from the previous month.
As the market picks up, Bitcoin's on-chain transaction volume has ushered in a significant increase. The on-chain transaction volume on October 20th and 23rd were both at a recent high, and this increase was still significant even after excluding change transactions.
Ethereum is in a state of linking Bitcoin, and the transaction volume on the chain is also at a peak. The transaction volume on a single-day chain reached a recent high of 3.7 million ETH. However, compared with the DeFi mania in early September, this figure still has a big gap.
Number of transactions
In terms of the number of transactions, the number of transactions on the Bitcoin chain last week was 2,166,900, an increase of 1.39% from the previous month, while the number of transactions on the Ethereum chain was 7,678,100, a decrease of 1.51% from the previous week.
In recent days, the number of daily transactions processed by Ethereum is around 1.1 million, and the number of single-day transactions during the DeFi fever period is around 1.25 million. It can be said that the current performance of Ethereum has almost reached the upper limit. Before the implementation of Ethereum 2.0 or other expansion plans, the number of transactions on the Ethereum chain may not fluctuate too much.
Transaction Fees
In terms of on-chain fees, Bitcoin incurred a total of 695.22 BTC fees last week, which was approximately US$8.7788 million, an increase of 74.55% from the previous month. In the same period, the on-chain fees of Ethereum were 28317 ETH, or approximately US$11,024,700, a decrease from the previous week 11.74%.
The number of unconfirmed transactions on Bitcoin last week exceeded 50,000 on the entire network. With a large number of transactions waiting to be confirmed, the transfer fee has risen. Coupled with the market's upward trend, Bitcoin's on-chain transfer fees rose sharply from the previous week. Among them, the single-day handling fee on October 22 reached 162.2 BTC, which was approximately US$2.077 million, which exceeded the US$1.9 million of Ethereum on that day.
In fact, Bitcoin surpassed Ethereum by $1.9 million in a single day. It is not without reason. Nowadays, Bitcoin is at a high level, and with the support of big data, it is speculated that Bitcoin will have a big downturn. Of course, this is also This has resulted in the emergence of a large number of Bitcoin miners, and in the future, reducing costs and maximizing their gains have also entered the industry of cloud computing power miners.
