Articles for author: Dan Opondo
Every crypto exchange loves to quote one number: total 24-hour volume. It is the figure on the front page, in the rankings, and in the press release. But that number blends together two very different kinds of trading. These are spot and perpetual trading. Spot trading is the simple kind. You pay money, you receive ...
A number that keeps going around crypto is that blockchain games draw 7 million daily active wallets. It’s real, but it’s probably a year older than people think. If you read about blockchain games this year, you probably ran into one number: more than 7 million daily active wallets, usually “in early 2026.” It’s a ...
Decentralized finance had a good third quarter. Total value locked (TVL), the figure everyone uses to measure DeFi, rose 38% to $95 billion, the first quarterly increase since the 2025 peak. That headline got the “DeFi is back” treatment across crypto media. The DeFi recovery is real. But the biggest number in the story isn’t ...
Every few weeks, a new headline says stablecoins moved tens of trillions of dollars. The figure is real. The problem is what it measures. BCG and Allium put gross stablecoin transfers at more than $62 trillion in 2025. After filtering out bots, trading, exchange routing and internal contract movements, they found only about $4.2 trillion ...
Everyone talks about Bitcoin’s limit of 21 million coins, and how 20 million are already out there. It sounds like a lot of Bitcoin is ready to be traded. But that’s not the whole story. For anyone watching Bitcoin’s supply, the important question is how much of that available Bitcoin is actually held by people ...
Bitcoin has more than 46 million addresses holding at least a dollar’s worth of coins, so it feels like a network owned by everyone. Yet, if you look at who holds the biggest piles, the picture changes quickly. Bitcoin ownership is highly concentrated. The claim holds up, but only if you are careful about what ...
Bitcoin supply is 21 million coins, but the supply that decides a crypto crash is a few million dollars’ worth of orders sitting near the price. On Friday, October 10, 2025, the crypto market went through what was probably its worst forced unwind on record. Most headlines focused on the over $19 billion in leveraged ...
Picture a token’s page on a price tracker. Twenty-four-hour volume: $500 million. It looks like a market with real crowds and real money. Now open the order book and add up the buy and sell orders sitting near the current price. You find about $200,000. Divide the first number by the second and you get ...
Every few months, a new headline tells us stablecoins are taking over payments. Salaries, remittances, supplier invoices, all moving on-chain. Some of that is true. But one number, buried in a research note from the Andersen Institute for Finance and Economics, tells a quieter story. About $76 billion of stablecoins were sitting on centralized exchanges ...
Crypto’s favorite number tells you what already happened. A quieter one tells you what a trade would do to the price. Almost exactly a year ago, on Oct. 10, 2025, crypto had its biggest liquidation day on record. About $19 billion in positions were wiped out. Exchanges were still posting enormous trading volume. A BeInCrypto ...
