Santiment Re-poster

🤯 Based on available tracked wallets, the percentage of Bitcoin on exchanges has dropped to its lowest level since November, 2017. In the over eight years since, it's fair to say that quite a bit has changed in both crypto and the world.

Based on recent social media data, public confidence regarding a potential end to the conflict involving Iran, Israel, and the US hit its highest point this past Tuesday. This peak in optimism occurred right after Trump delivered a speech stating that the US was winning very decisively. Over the past few days, however, that hopeful sentiment has largely disappeared as audiences continue to process a steady stream of news stories, videos, and images depicting ongoing retaliation.

Now, as the weekend approaches, metrics for social dominance are beginning to rise marginally once again. This specific uptick highlights a growing number of online conversations that mix terms of hostility like battle, conflict, tensions, or war with resolution-focused words such as end, ending, finished, finishing, or over.

Fear-driven events consistently exert a major influence on the overall direction of cryptocurrency markets, triggering noticeable volatility anytime collective public discussion intensifies. You are highly encouraged to track these critical indicators using the preconfigured search query we have provided for you right here:

🧑‍💻 Here are crypto's top 10 DeFi projects by development. Directional indicators represent each project's ranking positioning since last month:

➡️ 1) @chainlink $LINK 🥇
➡️ 2) @deepbookonsui $DEEP 🥈
➡️ 3) @defichain $DFI 🥉
📈 4) @lidofinance $LDO
📈 5) @itsfoxcrypto $FOX
➡️ 6) @uniswap $UNI
📈 7) @injective $INJ
📈 8) @aave $AAVE
📉 9) @curvefinance $CRV (On Ethereum)
📉 10) @curvefinance $CRV (On Arbitrum)

📖 Read about @santimentfeed's methodology for covering development activity for over 4,000 projects: https://t.co/hPpga2LHWZ

🧐 Track the DeFi watchlist here, and analyze which projects are standing out based on development activity and other vital metrics:

We are pleased to share that the newest episode of This Week in Crypto is now live. In this presentation, we explore the primary leading indicators from Santiment to evaluate whether digital currencies will maintain their financial advantage over the stock market. Furthermore, we sit down with our partners at @equitiestracker to discuss the impact of current war tensions alongside various other topics. You can view the complete video using the link provided below.

https://www.youtube.com/watch?v=KbdIu2ZQYZI

Recent on-chain metrics reveal some fascinating trends among cryptocurrency projects boasting a market capitalization above $500M. When evaluating the creation of new wallets over the last month and contrasting those figures with the previous month, several networks demonstrated remarkable expansion.

Here are the projects that experienced the most significant acceleration in network growth.

@aster_dex took the top position as $ASTER experienced a massive 857% surge.
@skyecosystem followed with $DAI On Polygon, which achieved a 465% increase.
@global_dollar saw $USDG grow by 444%.
@dfinity recorded a 400% rise for $ICP.
@circle registered a 250% climb for $CKUSDC.
@tether had $USDT On Polygon expand by 152%.
@whitebit posted a 150% jump for $WBT.
@syrupfi attained a 133% growth rate with $SyrupUSDC.
@uniswap saw $UNI On Polygon increase by 120%.
@skyecosystem also appeared again with $DAI On Optimism securing a 103% boost.

Historically, whenever assets that are not stablecoins see sudden spikes in user adoption and network growth, their market prices frequently increase as a result. You can easily keep an eye on these movements and monitor the leaderboard at any time by following along with this custom made watchlist.

Recent on-chain analytics highlight some exciting developments among cryptocurrency projects that hold a market capitalization of $500M or more. By looking at the pace of new wallets created over the past month and measuring it against the rates from the previous month, we can identify which networks are expanding the fastest.

Here is the breakdown of the platforms experiencing the most significant spikes in network growth:

1. @aster_dex $ASTER claimed the first position with a remarkable +857% jump.
2. @skyecosystem $DAI (On Polygon) captured second place, surging by +465%.
3. @global_dollar $USDG took the third spot with a solid +444% rise.
4. @dfinity $ICP achieved an impressive +400% growth.
5. @circle $CKUSDC saw its network expand by +250%.
6. @tether $USDT (On Polygon) increased by +152%.
7. @whitebit $WBT experienced a +150% boost.
8. @syrupfi $SyrupUSDC advanced by +133%.
9. @uniswap $UNI (On Polygon) climbed by +120%.
10. @skyecosystem $DAI (On Optimism) rounded out the top tier with a +103% gain.

Historically, whenever non-stablecoin assets see a sudden acceleration in network adoption, a price increase frequently follows. If you would like to monitor these shifts and check the leaderboard at any time, feel free to follow along with this custom made watchlist:

Over the past year, our on-chain metrics reveal that the price of #BTC successfully bounced back exactly during the 3 most prominent surges in active Tether addresses located on the #BNBChain. This pattern makes perfect sense when examining the underlying market mechanics. Because #USDT functions as the primary quote currency across the majority of trading platforms, and the BNB Chain facilitates a substantial portion of its everyday transactions, any heightened flow of funds between personal wallets and exchanges naturally triggers a spike in network activity. Essentially, a growing number of active addresses points to a larger reserve of available trading capital preparing to enter the market, particularly on platforms like #Binance. As investors convert this sidelined stablecoin liquidity into #Bitcoin, the resulting surge in purchasing demand frequently drives a price recovery. If you would like to independently observe this correlation between Bitcoin and Tether on the BNB Chain, you can easily track the data on Sanbase.

It is perfectly understandable if a six-figure USD valuation for Bitcoin is not currently on your radar due to the ongoing events around the world. Nevertheless, if you are actively tracking market indicators, we highly advise examining the critical signals currently being highlighted by @santimentfeed. You can review their comprehensive analysis at the link provided below.

https://app.santiment.net/insights/read/deep-dive-the-argument-for-bitcoin-s-return-to-100k-10649?utm_source=x&utm_medium=post&utm_campaign=x_deep_dive_argument_for_btc_return_to_%24100k_b_031126/&fpr=twitter

The MVRV metric serves as a helpful tool to understand whether an asset is currently overpriced or underpriced compared to its baseline zero sum game. Right now, this blockchain data shows that the long term returns for Bitcoin are sitting at the exact levels we experienced during the final week of 2022.

Historically, it is quite common to see a market rebound when average yields fall sharply below their expected historical values. We saw this exact scenario play out right after the FTX collapse, when the 365-day MVRV dropped into severely negative territory. Over the subsequent 3 months, $BTC enjoyed an impressive climb of +67%.

Of course, the current economic climate is quite distinct from the conditions we observed more than 3 years ago. The broader cryptocurrency landscape is rapidly evolving, driven by ongoing macroeconomic news and deeply divided viewpoints regarding the aggressive accumulation tactics employed by Strategy.

Even with these shifting global circumstances, MVRV information continues to be a reliable guide for forecasting future price movements. It is always wise to pay close attention when such a robust indicator points out a market divergence that we have not encountered in over 3 years.

Be sure to bookmark the associated chart right here:

🧑‍💻 Here are crypto's top Solana ecosystem projects by development. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) @chainlink $LINK 🥇
➡️ 2) @solana $SOL 🥈
➡️ 3) @wormholefdn $W 🥉
📈 4) @jito_sol $JTO
📉 5) @swarms_corp $SWARMS
➡️ 6) @pythnetwork $PYTH
📈 7) @helium $HNT
📈 8) @metaplex $MPLX
➡️ 9) @meteoraag $MET
📉 10) @driftprotocol $DRIFT

📖 Read about @santimentfeed's methodology for covering development activity for each project, objectively, using enhanced github event data: https://t.co/hPpga2LHWZ

🧐 Track the Solana ecosystem watchlist here, and analyze which projects are standing out based on development activity and other vital metrics:

🧑‍💻 Here are crypto's top Solana ecosystem projects by development. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) @chainlink $LINK 🥇
➡️ 2) @solana $SOL 🥈
➡️ 3) @wormholefdn $W 🥉
📈 4) @swarms_corp $SWARMS
📉 5) @driftprotocol $DRIFT
➡️ 6) @pythnetwork $PYTH
📈 7) @jito_sol $JTO
📈 8) @helium $HNT
➡️ 9) @meteoraag $MET
📉 10) @marinadefinance $MNDE

📖 Read about @santimentfeed's methodology for covering development activity for each project, objectively, using enhanced github event data: https://t.co/hPpga2LHWZ

🧐 Track the Solana ecosystem watchlist here, and analyze which projects are standing out based on development activity and other vital metrics:

Relative to other leading assets, the count of non-empty Ethereum wallets has taken a parabolic trajectory. This trend is clearly visible in the data covering the past 10 years, which compares holder figures across some of the most prominent cryptocurrencies by market cap. You can access and monitor this chart at your leisure using the following link: https://app.santiment.net/s/5JHyOIeM?utm_source=x&utm_medium=post&utm_campaign=x_top_cap_total_holders_comparison_b_031126/&fpr=twitter

With Bitcoin surpassing the $70K mark on Tuesday, market sentiment has decisively returned to a state of FOMO. Communities on Reddit, X, Telegram, and other crypto forums are feeling emboldened. This positive outlook is primarily driven by Trump's suggestion that the war could end soon, coupled with the fact that oil prices are reversing course.

Today, Bitcoin surged to reach a high of $71.7K, marking a strong recovery. Since the market dip shared by the S&P 500 and gold on February 24th, the leading cryptocurrency has notably outperformed both sectors. Over the last two weeks, we have observed digital assets reclaiming the position they previously conceded to traditional financial markets.

This recent momentum follows a period where Bitcoin lagged behind equities and commodities after plummeting from its all-time high on October 5, 2025. The current shift looks like a regression toward the mean, characterized by capital rotating back into the crypto ecosystem after months of comparative stability in stocks and gold.

The intensifying conflict involving the U.S., Iran, and Israel is likely another catalyst for this rebound. In times of rising geopolitical tension and uncertainty, investors frequently seek out alternative assets. Because cryptocurrency markets operate independently of any single government or financial infrastructure and trade globally 24 hours a day, they tend to react with significant speed.

While gold is a traditional beneficiary of geopolitical stress, Bitcoin frequently moves with greater velocity. This occurs as speculative capital targets assets capable of continuous trading and instant transfer across borders. These characteristics likely explain why the crypto sector has reacted more aggressively than precious metals or equities throughout the past two weeks.

To keep an eye on how these assets move in relation to one another, be sure to bookmark the associated chart for real-time price correlations.

We are delighted to share the news that Santiment has been nominated for six distinct honors at the upcoming Hedgeweek® Awards 2026.

In the Global Digital Assets Awards, our team has been shortlisted for Alternative Data Provider of the Year, On-Chain Analytics Provider of the Year, Quantitative Trading Technology Provider of the Year, and Solution Provider of the Year: Data and Research. Furthermore, we have received nominations in the EU Awards for Quant Technology Solution of the Year as well as Trading Technology Partner of the Year.

We owe a massive thank you to our community for your continued support. If you have found value in our data, we would greatly appreciate your vote. It only takes a moment to participate.

Link to Vote Global: https://t.co/U26iqNHSv6
Link to Vote EU: https://t.co/t7zVFtLcP2

To cast your vote, simply log in using Facebook, Google, or LinkedIn. You can quickly locate Santiment by using the search command (Ctrl+F or Cmd+F). Once found, input your name and company details, then click the star icon to confirm.

We look forward to seeing everyone in London on June 9th!

🐳 Data tracking whale behavior on centralized exchanges has flagged notable activity, including two separate Ethereum transactions to @okx valued at $33.9M and $34.4M. Furthermore, we are seeing significant stablecoin volumes moving onto exchanges, which serves as an indicator that whales may be preparing to buy in the near term.

🧐 To monitor assets that are receiving large transfers to centralized exchanges, utilize this insightful dashboard provided by @santimentfeed.

Current data from multiple trading platforms reveals that funding rates are leaning heavily toward a short bias. This trend reflects growing trader apprehension regarding the possibility of an escalating war, coupled with ongoing annoyance regarding the stagnation of the Clarity Act.

From a historical perspective, such extreme shorting activity often raises the probability of a market rebound for cryptocurrencies. When prices manage to surpass resistance levels, the resulting liquidation of short positions can act as a catalyst, driving values higher.

We encourage you to observe the aggregated funding rates for Bitcoin and Ethereum across exchanges. Doing so will help you identify critical entry and exit points, offering you a unique perspective that many others in the crypto space may miss.

Below is an updated assessment of the leading Lending projects within the crypto ecosystem, evaluated specifically by development activity. The accompanying arrows indicate whether a project has climbed or dropped in the rankings compared to the previous month:

📈 1) @curvefinance $CRV (On Ethereum)
📈 2) @curvefinance $CRV (On Arbitrum)
📈 3) @succinctlabs $PROVE
📈 4) @availproject $AVAIL
📈 5) @api3dao #API3
📈 6) @doublezero #2Z
📉 7) @radworks_ $RAD
📈 8) @reserveprotocol $RSR
📈 9) @poktnetwork $POKT
📈 10) @gitcoin $GTC

We encourage you to review the @santimentfeed methodology to understand exactly how we gather github activity data from project repositories and why this information is essential for crypto trading strategies: https://t.co/hPpga2LHWZ

Be sure to save our recently launched Lending project screener to access unique insights that remain unseen by the rest of the crypto market.

Below are the leading cryptocurrency projects ranked by significant development activity over the last 30 days. The indicators provided highlight how each project's position has shifted relative to the rankings from the previous month:

➡️ 1) @metamask $mUSD 🥇
➡️ 2) @hedera $HBAR 🥈
📈 3) @chainlink $LINK 🥉
📉 4) @dfinity $ICP
➡️ 5) @starknet $STRK
📈 6) @aztecnetwork $AZTEC
📈 7) @aptos $APT
📉 8) @cardano $ADA
📈 9) @avax $AVAX
📈 10) @nearprotocol $NEAR

To understand how @santimentfeed gathers GitHub activity data from project repositories, please review our methodology. This resource outlines why tracking development is valuable for crypto research, investing, and trading strategies: https://t.co/hPpga2LHWZ

You are invited to access our data screener at any time to filter by top development activity or to explore other bullish and bearish signals.

The latest edition of This Week in Crypto is now available. We explore the impact of war concerns, the lackluster jobs data, and the waiting game involving the Clarity Act on the current market landscape. Furthermore, our analysis covers whale activity and evaluates the sentiment surrounding $BTC, $ETH, $XRP, and $SOL.
https://www.youtube.com/watch?v=Mj3fzdzCMSc