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- Signal21 Charts of the Week | May 3, 2024
Signal21 Charts of the Week | May 3, 2024
Weekly roundup of key Bitcoin layers analytics
Jonathan Sadlowe
May 03, 2024
Hello!
It’s been an exciting week in the Bitcoin Economy!
Here’s a quick roundup of noteworthy Bitcoin DeFi analytics.
Charts of the Week
Cointelegraph featured Signal21’s data and announcement that Stacks reached a new ATH of 122,497 active users for the month of April. Read the full article.
@Stacks Stacks reached a new all-time high of 122,497 active accounts during April.
Active accounts are addresses that performed at least one transaction, according to a May 2 X post by #Bitcoin data provider @signal21btc.
— Cointelegraph (@Cointelegraph)
4:00 PM • May 2, 2024
Stacks
Snapshot of key Stacks ecosystem tokens:
Synthetic BTC
Synthetic BTC supply on Stacks reached an all-time-high this week with xBTC reaching 165.8 and aBTC growing to 172.3, respectively. Visit the dashboard.
STX/BTC Price
Over the last week, the Stacks token price continued to lose ground to the price of BTC during recent market volatility.
Fungible Tokens
Fungible token events on Stacks exploded in March and April, as memecoins continue to proliferate, and activity across core Stacks DeFi tokens (STX, ALEX, DIKO, USDA, stSTX, aBTC, xBTC) continue to increase. Visit the dashboard.
Stablecoins
Stablecoin supply on Stacks trended down slightly in April to $10M (USDA ($4.5M), xUSD ($0.64M), sUSDT ($3.3M), aeUSDC ($1.1M)). Visit the dashboard.
StackingDAO
StackingDAO crossed 50M STX locked on the protocol, increasing TVL to upwards of $110M. Visit the dashboard.
This record needs to be celebrated in Stacks ecosystem:
50,000,000+ $STX TVL in @StackingDao Liquid Stacking protocol
ATH Total Value Locked in an open public stacking protocol across Stacks since the launch of Stacks 2.0
That's an incredible milestone & Signers are poised🤯
— Algorithm.btc (@godfred_xcuz)
6:43 PM • May 2, 2024
Signal21 Product Update
It’s been a busy week at Signal21. We continue to onboard more and more data enthusiasts, and next week look out as we publish April monthly research.
Thank you to everyone for sharing those charts, and being part of the Signal21 Community!
Sincerely,
Jonathan Sadlowe
Co-founder & CEO at Signal21