Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

It's Merge Week - Kaiko Research: Data Debrief

Date 12/09/2022

  • Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. 
  • Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.
  • Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.
  • Macro Trends: Risk assets rallied despite the largest-ever ECB rate hike and growing energy concerns. 

 

 

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