Despite the fact that the cryptocurrency market is in a bear phase; this doesn’t mean that there hasn’t been significant activity regarding cryptocurrency transactions. Many believe that moves that are currently being made that will be the catalysts for the next cryptocurrency bull run.
There are various obvious large catalysts – such as the launch of Bakkt, which will undoubtedly lead to a flood of institutional money into the cryptocurrency markets, the fact that Boston-based Circle has acquired SeedInvest, which many believe is the beginning step in attempting to regulate ICO funding, and also the fact that world-renowned asset manager Fidelity, one of the largest in the world, is more than interested in cryptocurrency, as well.
Regardless, whether you believe that the cryptocurrency markets are in consolidation, or whether this is simply a quiet phase before the next bull run – one thing is for sure: a great sign is that blockchain activity is alive and well.
Leading the pack is none other than EOS, which is now the most used blockchain in the world – now boasting over 40% of blockchain activity in the world, with Bitshares a close second. EOS specifically had over 3.5 million operations on the blockchain within the last week. Steem takes the third place, with over 870,000 operations.
For those wondering for the reason for the activity, it should be pointed out that the majority of blockchain activity might involve gambling-related dApps, an observation made by Kevin Rooke on Twitter.
This is good news for EOS, which hasn’t had the best press recently, considering that many of the most influential employees have left its Peter Thiel-backed parent company, Block.One. Specifically, four early employees and two contractors have formed a new startup named StrongBlock, which has been in stealth mode regarding any developments.