KEYTAKEAWAYS
- Cumberland Transfers $117 Million in Stablecoins to Five Major Exchanges Within 24 Hours
- Initia Testnet Active Address Count Surpasses 1.68 Million
- UAW Count of NEAR Chain DAPPs Reaches 3.21 Million
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
CUMBERLAND TRANSFERS $117 MILLION IN STABLECOINS TO FIVE MAJOR EXCHANGES WITHIN 24 HOURS
According to monitoring by The Data Nerd, renowned market maker Cumberland has transferred a total of $117.54 million in stablecoins to Binance, OKX, Kraken, Bybit, and Coinbase within the past 24 hours, including $29.8 million USDT and $87.34 million USDC.
Analysis:
Cumberland’s large-scale stablecoin transfers may indicate upcoming major trading or market-making operations across these exchanges. Notably, the transferred funds are predominantly in USDC, accounting for over 74% of the total, reflecting institutional preference for compliant stablecoins.
INITIA TESTNET ACTIVE ADDRESS COUNT SURPASSES 1.68 MILLION
On March 25, according to information on the official website, Layer 1 blockchain Initia’s testnet has reached 1.68 million active addresses and completed 44,180,268 transactions.
Analysis:
Initia testnet achieving such user growth in a short time fully demonstrates the market’s high interest in its Layer 1 solution. The cumulative transaction volume exceeding 44 million further validates the network’s actual capacity and user activity. On-chain data may lay a solid foundation for Initia’s mainnet launch, and its technological innovation and ecosystem development are worth continued attention.
UAW COUNT OF NEAR CHAIN DAPPS REACHES 3.21 MILLION
The number of unique active wallet users on the NEAR chain has reached 3.21 million, ranking first among all chains. Following closely is the opBNB chain with 3 million active wallet users. The Solana chain maintains 1.83 million active users, ranking third. Other chains such as Matchain, Aptos, and SKALE have 1.36 million, 1.29 million, and 1 million active wallets respectively.
Analysis:
The user activity across different chains reflects the health of their respective ecosystems and market recognition of their technologies. NEAR chain’s leading active user count may benefit from its continuously expanding DApp ecosystem. opBNB, as a Layer-2 solution based on Binance, shows the strong attraction within the Binance ecosystem through its user growth. Despite experiencing fluctuations, Solana maintains strong ecosystem activity, indicating its stable positioning in the high-frequency trading and meme markets.
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
