Well what a year I must say, we barely made it out of the first quarter and the several activities in the financial space has proven that this year ain’t going to be like the other ones which passed, the crypto sector has been experiencing quite a bump on this as regards it’s market sale and it’s adoption. With the collapse of several financial institutional firms which puts it that financial system wasn't built to last or trust.
As this has played a major role in influencing the adoption rate of bitcoin as the market intelligence firm says that the bitcoin network is showing a lot of strength in two areas, such areas are the transaction volume which has risen more than previous years which they took a look at the monthly average of transaction counts has hit 309.5k/day this week, which is the highest level since April 2021, and a significant break above the yearly average. Fewer than 12.2% of all days have seen more transaction activity for Bitcoin, a healthy sign.”
And the other one is new users/players are entering the space to a level that has surpassed the previous ones before the bullish run, which they discovered by making use of their advanced clustering algorithms, we can estimate the number of unique new entities operating on-chain as a best estimate for unique new users. This metric has reached 122,000 new entities/day, with just 10.2% of days seeing higher new user adoption rates, namely at the 2017 peak, and during the 2020-21 bull run.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura