Kaiko Research: September 6, 2021 — Price Movements: Layer 1 tokens and the NFT space are dominating the recent altcoin bull run. Volume Dynamics: Despite Binance.US’s fundraising woes, the exchange has gained market share versus Coinbase. Order Book Liquidity: Price slippage fell sharply for ETH-USD pairs over the past year. Derivatives: Funding rates and open interest…

Kaiko Research: August 2, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Bitcoin is up 8% this week registering its largest weekly gain in months. Volume Dynamics: Ahead of Ethereum’s big upgrade, trade volume continues to surge relative to Bitcoin. Order Book Liquidity: Price slippage on FTX and Binance has fallen over the…

Kaiko Research: July 19, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Crypto markets continued to take a beating this week as regulators turn an eye to cryptocurrency exchanges. Volume Dynamics: Bitfinex’s market share surged over the weekend due to higher-than-average Bitcoin volume. Order Book Liquidity: Liquidity has plummeted on Binance’s British Pound…

Kaiko Research: July 12, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Following the UK’s Binance ban, Bitcoin pairs denominated in the British Pound have traded at a steep discount to the U.S. Dollar. Volume Dynamics: Average weekend trading volume has increased relative to weekday volumes over the past year. Order Book Liquidity…

Kaiko Research: July 5, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Bitcoin suffered the worst quarterly returns since 2018, down 40% since the start of Q2. Volume Dynamics: The majority of Binance trade volume occurs during the overlap between North American and European trading hours. Order Book Liquidity: Two months after listing…

Kaiko Research: June 28, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Volatility is predicted ahead of the Grayscale Bitcoin Trust ‘unlockings’. Volume Dynamics: The number of trades executed on decentralized exchanges is de-correlated from the total volume traded, which has dropped sharply in June. Order Book Liquidity: Bitfinex’s market share of order…

Kaiko Research: June 21, 2021 — Subscribe to our weekly research newsletter here. Price Movements: A premium emerged on stablecoin markets as Bitcoin and altcoins trended downwards. Volume Dynamics: Korean cryptocurrency exchanges have undergone an exponential surge in volume despite major regulatory hurdles, with daily turnover at times greater than Korean equities markets. Order Book Liquidity…

Kaiko Research: June 14, 2021 — Subscribe to our weekly research newsletter here. Price Movements: Markets trended downwards last week following several volatility-inducing macro events. Bitcoin is currently the only top 10 asset with positive returns since the start of June. Volume Dynamics: June trade volume is but a fraction of May’s all time highs despite…

Kaiko Research: June 7, 2021 — Subscribe to our weekly research newsletter here. Price Movements: May was one of crypto’s worst performing months on record, with Bitcoin down 37% and most top crypto assets in the red. Volume Dynamics: For the first time ever, the volume of Ethereum traded throughout the month was greater than the…