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depri.base

@depri

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🪙 Bitcoin's 'Illiquid' Supply Soars to New All-Time High Near 15M Tokens The illiquid supply of Bitcoin, which refers to the number of bitcoins that are held in wallets and are unlikely to be sold, has reached a new all-time high of nearly 15 million tokens. This indicates that a significant portion of the total Bitcoin supply is not readily available for trading or spending, as it is being held by long-term investors or users who are not actively participating in the market. The high level of illiquid supply suggests a growing level of scarcity and potential for increased price volatility in the Bitcoin market, as the available supply for trading and transactions is reduced. This development is likely to be of interest to Bitcoin investors and analysts, as it provides insights into the overall market dynamics and the potential impact on the price and adoption of the cryptocurrency.
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Hi guys , I back after a little delay @base Onchain Daily Snapshot (12/02/2024) Active Addresses: 1.16M (+37.37%) Transaction Count: 5.90M (-43.54%) Total Value Locked (TVL): $11.43B (-1.72%) Stable TVL: $3.31B (+0.30%) Revenue: $600.94K (-21.93%) Paid to L1: $2.02K (-98.53%) Onchain Profit: $598.92K (-5.26%) Transaction Cost: $0.021 (0.00%) Summary: November 29 saw a significant decline in transaction count and revenue, alongside a substantial increase in active addresses. This suggests a shift in user behavior or a temporary cooldown in transactional activity. The sharp reduction in payments to Layer 1 might indicate fewer bridging activities or cost optimization strategies. Stable TVL growth hints at a small increase in confidence in stable assets, even as total TVL slightly declined. The unchanged transaction cost reflects stable network efficiency despite fluctuating usage metrics. compare between 29 November and 2 December
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