The third quarter of the review: the currency price continued to rise by more than 47%, and the best-performing assets rose by 28 times

In the third quarter of this year, the eyes of the entire market have never left DeFi. Yield Farming (yield farming) not only promotes the rapid development of lending products, but also promotes the rapid development of AMM DEX (automated market making), stable currency, synthetic assets and other subdivisions. Under the pull of multiple carriages, DeFi is starting to form an inward cycle. Benefiting from the prosperity of the DeFi market, according to data from CoinMarketCap, the market size of digital currency in the third quarter rose from US$260.093 billion on July 1 to US$340.484 billion, an increase of nearly 40%. In order to show the specific performance of each digital currency and new market trends in the frenzied "farming era", PAData conducted the third observation of the TOP 30 series this year (TOP 30 refers to the top 30 digital currencies by market value, hereinafter referred to as TOP 30) , The observation period is from July 1 to September 27. According to the analysis, the average price of TOP 30 coins in the third quarter rose by more than 47%, and the quarterly currency holding income range expanded by 46% year-on-year, but the total market value declined slightly, and the average daily volatility of currency prices has risen to more than 7%, so we need to be alert to risks. YFI became the asset with the best earnings performance in the third quarter. PAData Insights: In the third quarter, the total market value of TOP 30 rose by about 19.74%. The price of digital currencies other than stablecoins rose by about 47.08%, continuing the upward trend in the second quarter. YFI was the best-performing asset in the third quarter, and its currency price increased by about 28 times. The average daily volatility of currency prices rose from 5.57% in Q2 to 8.28%, which is relatively close to Q1 this year. Major data review: The main force of Huobi ETH bought more than 26 million US dollars during the decline: AlCoin PRO version K-line main force large order statistics show: August 15th 10:00-August 16th 20:15, ETH from 442 The dollar fell to as low as $412. During this process, Huobi ETH/USDT appeared and executed a large number of entrusted buy orders. Among them, 70 large entrusted purchase orders with a total value of more than 26 million US dollars (a single entrusted amount of more than 200,000 US dollars) were completed, and the average purchase price was 426 US dollars. [2020/8/17] In the third quarter, the average return range of investors holding currency was about 111%, an increase of 46% year-on-year. The market value of 18 pan-DeFi tokens entered the top 100, and "Lego" promoted the circulation of DeFi concept coins. In the third quarter, there were a total of 3 new assets, including the native token DOT of the public chain Polkacot, the governance token YFI of the aggregation financial product yearn.finance, and the synthetic asset WBTC. Although from the perspective of asset rotation, the market activity in the third quarter was consistent with that in the first half of the year, and three types of assets were newly promoted, but it is worth noting that the previous newly promoted assets were mainly "old people" who had entered the TOP 30 , and the three new assets in the third quarter all entered the TOP 30 for the first time, which shows the rapid development of new themes in the market. Judging from the changes in market capitalization rankings, public chains that performed well in the second quarter were overtaken by DeFi concept coins in the third quarter. The market capitalization rankings of LEND, DAI, YFI, and WBTC all rose by more than 15 positions. Among them, the market value of LEND rose from No. 44 in the last quarter to No. 28 in the third quarter, DAI rose from No. 54 in the last quarter to No. 26 in the third quarter, and YFI and WBTC ranked No. 24 and No. 25 respectively. In addition, COMP, the new DeFi concept coin last quarter, only ranked 44th this quarter, down 17 places, which reflects the replacement speed of new themes. The much-watched Uniswap governance token UNI only ranks 39th. Main data replay: The main force started at $9,500 for this round of pull: AICoin PRO version K-line main data indicators show: Between 21:00-21:30 last night, there were 20 Huobi BTC spot transactions, a total of 1999.87 BTC active-zce buying Large orders were traded, with an average buying price of $9485.79. From 22:00 to 22:30 last night, there were a total of 9 OKEx BTC spot transactions, and a large entrusted buy order with a pending order volume of 4563.12 BTC appeared. The final transaction was 2232.75 BTC, and the average purchase price was 9507.3 US dollars. From 01:15 to 05:00 this morning, there were a total of 2 BTC spot transactions on Bitstamp. A large entrustment order with a pending purchase volume of 850.58 BTC appeared, and the final transaction was 798 BTC, with an average purchase price of $9736.05. It can be seen that this round of main pull-up started from Huobi, OKEx and other platforms with a large number of domestic users, and the price is around $9,500, which is the pressure level generally considered by the market. Bitstamp caught up early in the morning. [2020/5/8] Judging from the types of digital currencies with market capitalization TOP 30, DeFi tokens have also occupied a place in the market, including stablecoins, lending product governance tokens, DEX governance tokens, synthetic assets In the third quarter, in addition to USDT, USDC, DAI, YFI, LEND, WBTC, and LINK entering the market value TOP 30, UMA, SNX, MKR, UNI, COMP, Eleven assets including ZRX, LRC, KNC, BAND, YFII, and BAL are listed. Main transaction review: The main force on Huobi first smashed the market, and the main transaction on Binance spot was active: AICoin PRO version K-line main transaction data showed: 13:00, a price of $7122.12 appeared on Huobi BTC spot, and the quantity was A large order of 253.66 BTC was sold; subsequently, there were 13 large-amount sales of BTC spot on Binance, with a total amount exceeding 1132 BTC, and the main transactions were active. It can be seen that in this round of decline, the main force on Huobi was the first to hit the market. In addition, because the main transaction is active, we need to pay close attention to the main transaction of Binance BTC spot. [2020/4/10] Among them, with the development of DeFi, Bitcoin and large-scale traditional assets will be more and more introduced into the DeFi ecosystem in the future, and synthetic assets may receive more attention as a new theme. In addition, since the beginning of this year, the pattern of platform coins and stable coins has been basically stable and stable. BNB, LEO and HT have formed the first echelon of platform coins. Among stable coins, USDT and USDC continue to be issued, and their place in the market is becoming more and more stable. The collective rise of DeFi concept coins not only benefits from the recent innovation of DeFi products themselves, but also benefits from the composability of DeFi products, which makes DeFi concept coins form a positive inward cycle in the hot market. For example, the "central bank" Maker of Ethereum DeFi, the stable currency DAI generated by it has ranked outside the top 50 in market value since the second half of last year. However, with the enrichment of other products in the DeFi field this year, the circulation of DAI has further increased. According to data from Etherescan, five of the top 10 addresses currently holding the most DAI are DeFi platforms, including Uniswap, Balancer, yearn.finance, Curve, and Aave. And judging from the trend of balance changes, the DAI balances of these platforms have risen rapidly since the middle and late August. From the perspective of time, this basically coincides with the opening of DAI mining. Replay: When there is a breakthrough, there is a large order to follow up quickly to help judge whether it is a false breakthrough: AICoin PRO version K-line main transaction data shows: BitMEX XBT perpetual contract makes a triangle in a 5-minute cycle from 04:00 to 10:00 Shock. At 09:45, the price fell below the lower edge of the triangle. After the breakout, the large order was sold at 0, and then returned to the triangle soon, which can be confirmed as a false breakout. At 10:35, the price rose and broke through the upper edge, and there were 6 large purchases with a total amount of 9.1631 million US dollars immediately, which can be judged as a real breakthrough, follow up decisively or hold positions. [2020/4/8] Also benefited are synthetic assets, such as WBTC that "migrates" BTC to Ethereum. According to data from Etherescan, 8 of the 10 addresses currently holding the most WBTC are DeFi products, including Uniswap, Maker, Curve, Compound, etc. Judging from the balance trend of each platform, except for Maker who accepted WBTC as collateral earlier, the balance growth of other platforms mainly occurred after mid-September, which also coincided with the opening time of the DeFi capital pool. Significant increase in market value TOP 30 with an average increase of more than 40% Major major orders Tracking review: Open long and close long Main players have completed short-term operations: AICoin PRO version K-line major major orders Tracking display: All day on March 9, OKEx and Huobi There are a total of 6 buy orders of more than 10 million US dollars in quarterly contracts, with a total transaction value of more than 76 million US dollars. In this process, the AI-PD-position difference is a large positive value, which is the main force to open long. After nine o’clock in the morning on March 10th, a total of 10 sales orders of more than 10 million US dollars were completed in the quarterly contracts of OKEx and Huobi. . The data shows that in the past 36 hours, the main force has opened long and closed long, and has completed short-term operations. [2020/3/11] In the third quarter, the market value of TOP 30 continued to grow. It rose from US$262.9 billion in July to US$314.8 billion in September, an increase of about 19.74%, lower than the 29.81% in the second quarter. Among them, the market value of TOP 30 in August rose by 26.97% month-on-month, which was the strongest month in the market in the third quarter. Judging from the market value increase of various digital currencies, YFI has the highest market value increase in the third quarter, rising from US$4.4187 million at the beginning of its launch on July 20 to US$949 million on September 26, which is equivalent to a 214-fold increase. In addition, the market value increase of WBTC and DAI is also significantly higher than that of other assets. The market value of WBTC has also increased by 1630.88%, which is equivalent to a 17-fold increase. As of September 26, its market value is about 932 million US dollars. The market value of DAI increased by about 626.29%, which is equivalent to a 7-fold increase. As of September 26, its market value was about 933 million US dollars. In addition, the market value of LEND, XEM, USDC, LINK and NEO also increased by more than 100% in the third quarter. Among them, it is worth noting that USDC continues to "print money" in large quantities. The market value increased by 35% in the last quarter and 173.30% in this quarter. There are also 4 digital currencies with negative market value growth in the third quarter, namely DOT, XTZ, LEO and BCH. Except for the market value of DOT which has shrunk by nearly 30%, the market value of the other 3 digital currencies has not fallen much. In view of the large dispersion of the market value of each digital currency, the median is used to measure the overall average level. According to statistics, in the third quarter, the median market value increase of the TOP 30 digital currencies was about 40.31%, which was lower than the average level of 47.57% in the second quarter. In the third quarter, YFI was the asset with the best income performance. The currency price rose from $1118.17 on July 1 to $31679.70 on September 26, which is equivalent to a 28-fold increase. It not only fulfilled the slogan of 1YFI≈1BTC, but also exceeded the 1YFI≈3BTC has been reached. In addition, in the third quarter, LEND, XEM, LINK, and NEO had higher price increases. Among them, the price of LEND increased by about 292.82%, second only to YFI. In addition, although XEM and NEO have no major positive news from the development of their respective public chains, the currency prices have also increased by more than 100%. Compared with the popularity of DeFi concept coins, the performance of BTC and ETH is relatively stable. The overall price increase of BTC in the third quarter is about 16.54%, and the increase of ETH is about 53.59%, both of which have declined from the previous month. In addition, the currency prices of XTZ, BCH, LEO and ADA dropped slightly in the third quarter, and XTZ fell the most, close to 10%. In the first half of the year, the currency price of XTZ continued to rise. Judging from the staking rate and the number of active-zce addresses on the chain, XTZ has not had a turning point in the near future, and the currency price fell this quarter or it was a correction. Without considering stablecoins and YFI, the average price increase of TOP 30 currencies in the third quarter was about 47.08%, which was basically the same as the 49.88% in the previous quarter, and the market as a whole was still in an upward stage. However, it should be noted that the daily average price volatility of the TOP 30 digital currencies rose to 8.28% this quarter, which was higher than the 5.57% in the second quarter under the unilateral upward trend and slightly lower than the 8.66% in the first quarter adjustment period. Investors need to be alert to market changes. Judging from the volatility of various digital currencies, the high-yield YFI also showed high risks. The average daily currency price volatility in the third quarter reached 30.22%, much higher than other assets. Secondly, DOT, LEND, LINK, VET, and ATOM also showed high risks, and the average daily volatility of the currency prices exceeded 10%. In the third quarter, the daily average volatility of currency prices was lower for LEO, BTC, and HT, all of which did not exceed 4%, which was relatively stable. Currency prices have risen and volatility has risen. Under such a market environment, the income range of investors holding coins in the third quarter has expanded from the previous quarter. According to statistics, in the second quarter, the average income range of investors holding coins was about 76%, and in the third quarter it expanded to about 111%, an increase of about 46%. However, compared with 148% in the first quarter, the expansion of the average value of the income range in the third quarter still did not change the downward trend for the whole year. Judging from the distribution of positive and negative return intervals, in the third quarter, the negative return intervals of various digital currencies were far smaller than the positive return intervals, which shows that in theory, the probability of investors holding coins to obtain income in the third quarter is still very high. The largest positive return range for currency holdings is YFI, which is about 4079.77%, which is equivalent to a 41-fold increase. But at the same time, YFI’s negative return range is also the largest, reaching 29.56%. Secondly, the positive return range of LEND has reached 572.45%, and the positive return range of LINK has reached 334.35%. However, the negative return range of these two assets is only 3.35% and 0.88% respectively. Even if you hold stablecoins in the third quarter, it is possible to obtain the benefits brought by the market premium. The positive return ranges of USDT, USDC and DAI are about 6%, 4% and 14% respectively. The income from holding currency is even better than the performance of many traditional funds.

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