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Opening bell - Issue 29

Research24 September 2024Copper
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Prepare for the week with key data points and trends in the digital asset marketplace.

Opening bell | Issue #29 report highlights:

  • USDT saw over 170k active addresses in a single day, the highest level since 2022's bear market.
  • Combined supply of USDT and USDC reached $155bn, up from $116bn, with Tether dominating 77% of the market and USDC seeing 47% growth.
  • DEX volumes dropped to under $80bn this month, a 50% decrease from August, while Aerodrome on Base saw a 650% TVL surge.
  • Glassnode’s Bitcoin Risk Signal sits at zero, but historical data suggests this doesn't necessarily indicate a bull market is imminent.

Download to read the latest report in full.

Opening Bell | Copper