Navigate through an array of external articles and research attributed to Artemis, providing a repository of insights across various subjects
Crypto analysis tools are like a map to buried treasure. As we navigate the thrilling yet unpredictable waters of the crypto market, having the right tools at our disposal can make all the difference.
QuickNode, in collaboration with institutional data platform Artemis, has unveiled The On-Chain Report, shedding light on the blockchain industry’s progress in Q3 2023, revealing a notable surge in stablecoin activity and hinting at gaming and AI as the next frontier in blockchain evolution.
This report, jointly presented by QuickNode, a leading Web3 infrastructure and developer platform, and Artemis, an institutional data platform for digital assets, provides an insightful perspective on the sweeping commercial advancements observed across different chains and industry sectors.
Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily transactions confirmed.
A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like “inscriptions” has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue.
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