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October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

  • Alexander Goborov
    📊‍ Infographics

    Electrify.Asia has by far the most new ERC-20 token holders, which means it is currently the most popular cryptocurrency on the Ethereum network


October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading
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Ethereum is one of the leaders of today’s crypto world: it is second only to Bitcoin by market cap with 20.5 billion US dollars; right now, it is also standing at number four in terms if its monetary value following Bitcoin, Maker, and Bitcoin cash with almost 200 USD for one coin of Ether.

But, of course, Ethereum is not only a giant platform that generates its own cryptocurrency: it also lets other cryptocurrencies use its Blockchain network, so long that all of the technical rules are observed within the ecosystem. As a result, all cryptocurrencies that are hosted by Ethereum, apart from its own Ether, must be ERC-20 compliant (Ethereum Request for Comment), and every holder of an Ethereum-based cryptocurrency is thus also a de facto holder of an ERC-20 token.

This means that ERC-20 token holder figures are indicative of how well a crypto coin is doing within the larger Ethereum framework. The more ERC-20 token holders there are, the better that “guest” currency is doing, and since Ethereum is also one of the market leaders, any given cryptocurrency’s internal popularity on Ethereum also directly reflects on how well it is paddling through the crypto sea in general.


Below is the top 10 list of this October’s new ERC-20 token holders for each of the leading Ethereum-based cryptocurrencies:

This October’s New Token Holders

The current winner by a landslide is Electrify.Asia with almost 100 000 new ERC-20 token holders this October, followed by XMax with around 13 500 new token holders, then Moneytoken with around 12 000, Skrumble Network with around 9 000, 0xcert with roughly 8 000, SALT with 7 000, UChain is lagging slightly behind with around 6 800, FansTime has close to 6 500 token holders, DAEX around 4 500, and finally Datum is in last place with just under 4 000 new ERC-20 token holders this October.

Being “the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy” and with their slogan promising to “build an intelligent energy ecosystem for Asia”, the Singapore-based Electrify.Asia, headed by Julius Tan and Martin Lim, have set very high expectations for themselves. Let’s see what happens closer to the New Year!

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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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Contents

According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

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