The official #CoinDeskResearch Twitter account for all things crypto data and analysis. Follow us for real-time research updates from the Desk.

Joined December 2019
CoinDesk Research's Q1 2021 Quarterly Review is out! Feast your data-hungry eyes on 100+ slides that highlight some of the main trends and developments in Bitcoin, Ethereum, DeFi, stablecoins, NFTs and more trib.al/aUevZUJ
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In the latest Crypto Long & Short, @noelleinmadrid looks at the broader geopolitical context of Peter Thiel's remarks about China "weaponizing" bitcoin. Taking into account the broader context, his warning is really about the cost of inaction. trib.al/1TW5ndj
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The differential between BTC’s implied and realized volatility narrowed in Q1 to its lowest point since mid-2020, when the market was still digesting the turmoil of the March crash. This is unusual as it reduces the “future risk” premium. trib.al/wY4mYPl
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According to a @glassnode chart, miners are holding on to their earned bitcoin again, after being net sellers for most of the year to date. This is bullish as 1) indicates miners are feeling optimistic, and 2) removes more supply from circulation. trib.al/ZVRxT8X
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While the growth of DeFi is significant and something to keep watching, the growth of Ethereum’s value as a network supporting the DeFi ecosystem is equally, if not more, important to watch for this year. trib.al/QF3yUIf
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Total value locked (TVL) in @WrappedBTC soared in Q1 because of the appreciation in the price of the underlying asset. Using the adjusted TVL metric, we can see that the number of tokens under management did not significantly increase over the same time. trib.al/0tzXcF9
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Ether produced 3 positive return months in a row in Q1, making it the first all-positive Q1 since 2017 and underscoring the overall bullish sentiment in the market. trib.al/DFNFOq4
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The first episode in our 4-part live webinar series on Q1 2021 market trends is all about bitcoin. $BTC market cap passed the symbolic $1 trillion mark after starting the year at 12-month high. Learn more next Monday, Apr. 12. trib.al/O8yxIGq
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A twist in the tether (USDT) stablecoin story is the strong Q1 growth of transactions on the Tron blockchain , while Ethereum-based USDT transactions declined. This is probably most likely due to the sharp increase in Ethereum transaction fees. trib.al/K3FO00s
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Volatility in most of the top crypto assets by market capitalization settled down a bit in Q1 2021. $ADA ended up with the highest volatility, unsurprising given its breakout entrance into the top market capitalization echelons. trib.al/67FNZ19
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ETH market capitalization has more than doubled in Q1 2021, passing the $200 billion mark on a handful of occasions. For context, ether’s market cap is over 13x its level just a year ago. trib.al/g74Q0j2
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Several ETH investment products as well as the emergence of new funds have opened the door to greater institutional interest in Ethereum. Don’t believe us? Take a look at this timeline of events. trib.al/3MKyWaL
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Next Monday, Apr. 12, crypto analysts @NoelleInMadrid and @christine_dkim will be kicking off a new live webinar series discussing the key takeaways from CoinDesk’s Quarterly Review Q1 2021 report. Join the discussion and sign up for the sessions today. trib.al/H17DkBG
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The number of non-zero accounts on Ethereum grew by 10% in Q1 2021. The growth was largely concentrated in small holdings, while the number of accounts holding over 1,000 ETH fell by 8%. This could be a sign of profit taking. trib.al/rRXqVOz
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Did you know? Decentralized exchanges also called DEXes are the most popular decentralized applications (dapps) by active users according to data from @DappRadar. Ethereum DEX @Uniswap ranked number one with an estimated 55,000 users. trib.al/SYvzHJY
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Ethereum’s hashrate increased 160% over the past quarter. The jump is driven by an increase in miner revenue, itself a consequence of a higher ETH price. Daily miner revenue reached an all-time high on Feburary 22, 2021 at $57 million. trib.al/jrUL2K4
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The gradual increase of BTC options volumes relative to spot + futures over most of Q1 points to the deepening sophistication of the market, but reminds us that there is still considerable maturation ahead. See more on BTC markets in our latest report: trib.al/kiWt09i
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Bitcoin’s hashrate, an indication of the network's computing power, reached an ATH this week, partly driven by backordered ASIC shipments finally reaching their NAm buyers. It also comes in spite of the network’s recent 6% upwards difficulty adjustment. trib.al/qSe5kJK
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The Q4 surge in BTC tx count and total value transferred trailed off in Q1, hinting at greater holding behavior. And the growth in average BTC tx size in USD levelled off, even in the face of the price increase, indicating more small-holder participation. trib.al/Cz52VlM
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