- Only Avalanche and Polygon maintained a rise in on-chain activity seen across most networks.
- Base network saw trade volumes tumble throughout the week.
Avalanche and Polygon Maintain Weekly Uptrend
On-chain activity regarding trade volume, average trade size, and unique liquidity pools with trades for nearly all the networks Blockpour tracks were on an uptrend this week. However, by the 7th, only Polygon and Avalanche continued the trend as the others dropped off. On the 7th, trade volume and average trade size were up 129% and 107% respectively on Polygon, while Avalanche metrics like trade volume reached a 2-week high of $10.9M and average trade size hit a six-month high of $807.09 on the heels of a $WAVAX price spike.
Check in on the Base
Now that Blockpour has data from the Base network through our integrated node infrastructure, we can show you how activity on the network has been on a downtrend since September 1. Daily volume began the last 7-day period at $112.5M, but has fallen dramatically after a few bounces down to $23.3M as of the 7th. Despite the downtrend, $WETH on Base remained one of the top tokens by DEX volume with roughly 60,000 trades made with the wrapped Ether token on the 7th.
Let's Talk About CEX: The top ERC-20 tokens transferred at centralized exchanges
This section reviews the ERC-20 token transfer flow trends from the largest centralized exchanges from September 1 - 7, such as Binance, Coinbase, Bitfinex, and Crypto.com.
- Net Flows (USD): +$104,934,528
- Total Transfers: 432,584, 143,068 IN / 289,516 OUT
The top five ERC-20 tokens transferred through Binance were:
- Net Flows (USD): +$395,896,527
- Total Transfers: 167,236, 54,673 IN / 112,563 OUT
The top five ERC-20 tokens transferred through Coinbase were:
- Net Flows (USD): +$14,707,788
- Total Transfers: 3,746, 1,522 IN / 2,224 OUT
The top five ERC-20 tokens transferred through Bitfinex were:
- Net Flows (USD): +$5,850,540
- Total Transfers: 61,326; 12,967 IN / 48,359 OUT
The top five ERC-20 tokens transferred through Bitmex were:
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The above article is for informational purposes only and is not financial advice. Blockpour is a data aggregation and analytics platform only and does not provide financial advice or services of any kind.