ChainCatcher news, according to CoinDesk, as of October 15, 2024, the popularity of Bitcoin Cash margin futures contracts has reached an all-time high. Glassnode data shows that the open interest for cash margin futures has hit a record high of 384,000 Bitcoin (approximately $25.5 billion), surpassing the peak of 376,000 Bitcoin in November 2022.Currently, the total open interest for Bitcoin futures is close to its historical high, at about 478,000 Bitcoin ($31.8 billion). Among them, the futures contracts on the Chicago Mercantile Exchange (CME) account for 40% of the cash margin open interest, indicating a growing participation from institutional investors. Meanwhile, the open interest for cryptocurrency margin futures has continued to decline over the past two years, dropping from 210,000 Bitcoin to 87,000 Bitcoin, currently accounting for only 18.2% of the total open interest.

ChainCatcher news, according to DefiLlama data, TON TVL has significantly declined, currently at 310 million USD, down over 60% from its historical peak of 777 million USD.

ChainCatcher news reports that, according to NFT Gators, Blast's total value locked (TVL) has dropped 62% from its all-time high, and the number of daily active users has fallen to its lowest level in six months. As a Layer 2 scaling network for Ethereum, Blast has faced challenges following a massive user exodus after its airdrop in June. By early August, the network had lost over $300 million in liquidity, with TVL decreasing from $1.1 billion to $785 million, marking a six-month low.According to data from growthepie, on August 18, Blast's daily active users fell to 27,800, the lowest level since the scaling solution was launched at the end of February. In contrast, Base and Arbitrum have daily active wallets exceeding 740,000 and 360,000, respectively. Not only are airdrop participants dissatisfied with Blast's strategy, but some teams building projects on Blast are also feeling frustrated. For example, Pacmoon, once the largest meme coin on the Layer 2 network, is now migrating to Solana.Pacmoon's Lamboland stated on the X platform: "We believe that tokens, community, and culture are key to blockchain success. However, Blast has never focused on these. In fact, they created a system that suppresses the native tokens on Blast and has not provided any support."

ChainCatcher news, Glassnode released a report indicating that since reaching an all-time high of $73,000 in March, the market has been in a consolidation phase. According to their estimates, the demand momentum has turned negative since early May.Glassnode analyzed the cost basis of short-term investors to examine the funds flowing into the market. To analyze the supply side, they referenced long-term holders and found that the unrealized profits held by this group are statistically far from historical peaks. The consumption behavior of long-term holders shows that although their spending accounts for only 4% - 8% of total consumption, the profits realized through their spending typically account for 30% - 40% of the cumulative profits in a bull market. This finding highlights that during a bull market, wealth is concentrated in old coins.

ChainCatcher news, Bitget announced the latest data on the protection fund for November. The data shows that the highest scale of the protection fund in November was $410.37 million (November 16), and the lowest scale was $389.36 million (November 1). The average scale was $401.31 million, an increase of 12% compared to the previous month, surpassing the historical peak. These assets are stored in public addresses, allowing users to track and verify them in real time.Bitget's protection fund was launched in August 2022, with an initial scale of $200 million, aimed at protecting users' assets in the event of force majeure, hacking attacks, or extreme market conditions. In November 2022, Bitget raised the fund's scale to over $300 million, and Bitget committed to maintaining the fund's value above $300 million for the next three years.

ChainCatcher news, DefiLlama data shows that Friend.tech's TVL has dropped to $33.2 million, down over 36% from the historical high of $52.04 million on October 2.

ChainCatcher news, according to the data from OKLink multi-chain browser by OKChain, since February, the overall Bitcoin network hash rate has been continuously declining. The network hash rate reached a historical high of 294.8 EH/s on January 30 this year and has been decreasing since then. Currently, the overall network hash rate is 268.15 EH/s, down over 9% from the historical high. (Source link)