{"id":40304,"date":"2021-04-07T10:07:53","date_gmt":"2021-04-07T07:07:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40304"},"modified":"2025-08-30T13:35:15","modified_gmt":"2025-08-30T10:35:15","slug":"march-2021-in-numbers-new-coins-break-into-the-top-10-bitcoin-seals-eight-year-best-quarter","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/march-2021-in-numbers-new-coins-break-into-the-top-10-bitcoin-seals-eight-year-best-quarter\/","title":{"rendered":"March 2021 in Numbers: New Coins Break into the Top 10, Bitcoin Seals Eight-Year Best Quarter"},"content":{"rendered":"<div class='review_top_blk'>\n<h2>Key Takeaways<\/h2>\n<ul>\n<li>Bitcoin hit an all-time high at $61,800 and closed the best first quarter in eight years.<\/li>\n<li>UNI, THETA and FIL entered the top 10 by market capitalization.<\/li>\n<li>Trading volume on cryptocurrency exchanges in March again surpassed $1 trillion, with activity concentrated on Binance, Huobi and OKEx.<\/li>\n<li>Open interest in the Bitcoin futures market neared $23 billion for the first time.<\/li>\n<li>ETH DeFi stagnated, while the Binance Smart Chain ecosystem grew.<\/li>\n<li>The NFT segment is breaking records for trading volume. The most expensive Beeple artwork sold for nearly $70 million.<\/li>\n<li>Total market capitalization of stablecoins exceeded $60 billion, with $40 billion attributed to Tether&#8217;s USDT. The share of USDC is rising as its capitalization exceeds $10 billion.<\/li>\n<li>Bitcoin and Ethereum miners generated record profits, and mining-company stock performance outpaced Bitcoin.<\/li>\n<li>Exchange balances of Bitcoin and Ethereum are shrinking as the number of whales shrinks.<\/li>\n<\/ul>\n<\/div>\n<h2 class='wp-block-heading'>Performance of Leading Assets<\/h2>\n<div class='review_single_blk'>\n<figure class='wp-block-image size-full'><img loading='lazy' decoding='async' width='1828' height='897' src='https:\/\/forklog.com\/wp-content\/uploads\/BTC-23.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130515' srcset='https:\/\/forklog.com\/wp-content\/uploads\/BTC-23.png 1828w, https:\/\/forklog.com\/wp-content\/uploads\/BTC-23-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTC-23-1024x502.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTC-23-768x377.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTC-23-1536x754.png 1536w' sizes='auto, (max-width: 1828px) 100vw, 1828px' \/><figcaption>Daily BTC\/USD chart on Bitstamp. Data: TradingView.<\/figcaption><\/figure>\n<p>In the first half of March, Bitcoin recovered losses incurred in February, then reached a new all-time high of $61,800, after which it corrected to $50,360.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<figure class='wp-block-image size-full'><img loading='lazy' decoding='async' width='634' height='162' src='https:\/\/forklog.com\/wp-content\/uploads\/BTC-skew.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130517' srcset='https:\/\/forklog.com\/wp-content\/uploads\/BTC-skew.png 634w, https:\/\/forklog.com\/wp-content\/uploads\/BTC-skew-300x77.png 300w' sizes='auto, (max-width: 634px) 100vw, 634px' \/><figcaption>Bitcoin quarterly return. Data: skew.<\/figcaption><\/figure>\n<p>By the end of the month, Bitcoin rose 35%. The first quarter was among the strongest since 2014, with returns for the first three months of 2021 surpassing 100%.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<figure class='wp-block-image size-full'><img loading='lazy' decoding='async' width='1828' height='897' src='https:\/\/forklog.com\/wp-content\/uploads\/ETH-27.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130520' srcset='https:\/\/forklog.com\/wp-content\/uploads\/ETH-27.png 1828w, https:\/\/forklog.com\/wp-content\/uploads\/ETH-27-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ETH-27-1024x502.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ETH-27-768x377.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ETH-27-1536x754.png 1536w' sizes='auto, (max-width: 1828px) 100vw, 1828px' \/><figcaption>Daily ETH\/USD chart on Bitstamp. Data: TradingView.<\/figcaption><\/figure>\n<p>A similar dynamic was seen for the second-largest cryptocurrency by market cap, Ethereum. After a correction at the end of February, the ETH price rose 50%, hitting $1,943 on March 13. By month-end, quotes retraced to $1,550, while Ethereum&#8217;s March return stood at 34%.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<p>In March, notable changes occurred in the top-10 assets by market capitalization:<\/p>\n<ul class='wp-block-list'>\n<li>The UNI token of the Uniswap decentralized exchange secured the eighth spot with a market cap of $15 billion. Its price rose to a high of $36 (+25% in March); <\/li>\n<li>The FIL token of the Filecoin decentralized storage platform posted a 430% rise, hitting a new high of $237;<\/li>\n<li>For a while in March, THETA from the Theta Network streaming platform also lingered in the top ten. Its price rose 290% in March, reaching a high of $15.<\/li>\n<\/ul>\n<\/div>\n<h2 class='wp-block-heading'><strong>Market Sentiment and Correlations<\/strong><\/h2>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='540' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-1024x540.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130529' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-1024x540.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-1536x811.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti.-Dannye-alternative.me_.-3-2048x1081.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Fear and Greed Index dynamics. Data: alternative.me.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='389' src='https:\/\/forklog.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov.-Dannye-BlockchainCenter.-1-1024x389.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130530' srcset='https:\/\/forklog.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov.-Dannye-BlockchainCenter.-1-1024x389.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov.-Dannye-BlockchainCenter.-1-300x114.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov.-Dannye-BlockchainCenter.-1-768x291.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov.-Dannye-BlockchainCenter.-1.png 1070w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>90-day asset correlation indicators. Data: BlockchainCenter<\/em>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In early March, the Fear and Greed Index rose above 70. For most of the month, the indicator remained relatively calm, showing few sharp moves toward extremes.<\/li>\n<li>In March, the correlation between Bitcoin and the S&#038;P 500 stayed relatively high \u2014 0.26. The statistical relationship between Bitcoin and gold was almost non-existent (0.01). Bitcoin behaved as a risk-on asset rather than a safe-haven asset.<\/li>\n<li>Traditionally, digital gold correlates most closely with other crypto assets, including Litecoin and Ethereum \u2014 0.83 and 0.73 respectively.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<h2 class='wp-block-heading'><strong>Trading Volume<\/strong><\/h2>\n<figure class='wp-block-image size-full'><img loading='lazy' decoding='async' width='3782' height='1874' src='https:\/\/forklog.com\/wp-content\/uploads\/spot-1.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130538' srcset='https:\/\/forklog.com\/wp-content\/uploads\/spot-1.png 3782w, https:\/\/forklog.com\/wp-content\/uploads\/spot-1-300x149.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/spot-1-1024x507.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/spot-1-768x381.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/spot-1-1536x761.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/spot-1-2048x1015.png 2048w' sizes='auto, (max-width: 3782px) 100vw, 3782px' \/><figcaption>Trading volumes on spot exchanges, $bn. Data: CryptoCompare.<\/figcaption><\/figure>\n<p>In March, spot trading volume rose to $1.32 trillion. Asian platforms dominated again, Binance accounting for $757 billion, Huobi for $210 billion, OKEx for $173 billion. U.S. exchange Coinbase generated $87 billion in volume.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<h2 class='wp-block-heading'><strong>Futures and Options<\/strong><\/h2>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='557' src='https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-1024x557.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130544' srcset='https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-1024x557.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-300x163.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-768x418.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-1536x835.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-2-2048x1114.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Bitcoin and Ethereum futures trading volume, $bn. Data: skew.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='545' src='https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-1024x545.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130546' srcset='https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-1024x545.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-300x160.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-768x409.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-1536x817.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/otkrytyj-interes-fyuchersy-2048x1090.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Total open interest in Bitcoin futures, $bn. Data: bybt.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='562' src='https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-1024x562.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130547' srcset='https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-1024x562.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-300x165.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-768x421.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-1536x843.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-2-2048x1124.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Bitcoin and Ethereum options trading volumes, $mn. Data: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In March, total Bitcoin futures trading volume reached a record $2.15 trillion, with $720 billion on Binance.<\/li>\n<li>Open interest in March neared $23 billion for the first time.<\/li>\n<li>A similar picture in the options market \u2014 total Bitcoin options trading volume reached a record $28.5 billion, of which $26.7 billion was on Deribit.<\/li>\n<\/ul>\n<\/div>\n<h2 class='wp-block-heading'><strong>DeFi<\/strong><\/h2>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='594' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore.-Dannye-DeFi-Pulse.-2-1024x594.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130767' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore.-Dannye-DeFi-Pulse.-2-1024x594.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-Pulse.-2-300x174.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore.-Dannye-DeFi-Pulse.-2-768x445.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore.-Dannye-DeFi-Pulse.-2-1536x890.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore.-Dannye-DeFi-Pulse.-2-2048x1187.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of the value of funds locked in the DeFi sector. Data: DeFi Pulse.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='761' src='https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-1024x761.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130768' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-1024x761.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-300x223.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-768x570.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-1536x1141.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Top-3-DeFi-proekta-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-mlrd.-Dannye-DeFi-Pulse-po-sostoyaniyu-na-1.04.2021.-2048x1521.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Top-3 DeFi projects by value of locked funds, billions. Data: DeFi Pulse (as of 1.04.2021).<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Ethereum-based DeFi ecosystem growth remained tepid. Total value locked (TVL) on smart contracts did not reach February&#8217;s peak of $45 billion. A probable reason for the slowdown is high gas fees, which deter retail investors. The latest flows show a shift toward alternative DeFi ecosystems\u2014Binance Smart Chain (BSC) and Huobi Eco Chain.<\/li>\n<li>The leading trio remained unchanged \u2014 Ethereum-based lending projects Maker, Aave and Compound.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='562' src='https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-1024x562.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130772' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-1024x562.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-1024x562.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-300x165.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-768x422.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-1536x843.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum.-Dannye-DeFi-Pulse.-2048x1124.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>TVL by main DeFi sectors on the Ethereum base. Data: DeFi Pulse.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='761' src='https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1024x761.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130773' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1024x761.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-300x223.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-768x571.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1536x1141.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Top-20-monet-DeFi-proektov-po-rynochnoj-kapitalizatsii.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-2048x1522.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Top-20 DeFi projects by market capitalization. Data: Messari (as of 1.04.2021).<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Major Ethereum-based DeFi segments are lending (46%) and decentralized exchanges (39%).<\/li>\n<li>In March, Terra sparked notable growth \u2014 186%. Its market cap reached $7.5 billion ($2.7 billion on March 1). Also notable were assets of PancakeSwap and 0x on DeFi protocols \u2014 47% and 45.9% respectively.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='555' src='https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-1024x555.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130774' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-1024x555.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-300x163.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-768x416.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-1536x832.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-mln-.-Dannye-DeFi-Pulse.-3-2048x1110.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Market capitalization of popular Bitcoin on Ethereum, $m. Data: DeFi Pulse<\/em><\/figcaption><\/figure>\n<ul class='wp-block-list'>\n<li>Overall market value of tokenized Bitcoins approached $11 billion.<\/li>\n<li>The unassailable leader of the sector remains Wrapped Bitcoin (WBTC). Its market cap exceeded $8 billion.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1014' height='874' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-TVL-v-ekosisteme-Binance-Smart-Chain.-Dannye-Defistation-1.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130777' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-TVL-v-ekosisteme-Binance-Smart-Chain.-Dannye-Defistation-1.png 1014w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-TVL-v-ekosisteme-Binance-Smart-Chain.-Dannye-Defistation-1-300x259.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-TVL-v-ekosisteme-Binance-Smart-Chain.-Dannye-Defistation-1-768x662.png 768w' sizes='auto, (max-width: 1014px) 100vw, 1014px' \/><figcaption><em>Dynamics of TVL in the Binance Smart Chain ecosystem. Data: Defistation as of 1.04.2021<\/em><\/figcaption><\/figure>\n<ul class='wp-block-list'>\n<li>Total TVL of projects based on Binance Smart Chain rose 107%, breaking the $19 billion mark. Ellipsis Finance displaced Autofarm from third place. TVL of the new project already surpassed $2 billion.<\/li>\n<li>Total TVL of projects on Huobi Eco Chain reached $7.5 billion.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<h2 class='wp-block-heading'>DEX<\/h2>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='544' src='https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-1024x544.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130781' srcset='https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-1024x544.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-300x159.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-768x408.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-1536x816.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-6-2048x1087.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of trading volumes on decentralised exchanges, $bn. Data: Dune Analytics.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='677' src='https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-1024x677.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130782' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-1024x677.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-300x198.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-768x508.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-1536x1016.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Rynochnaya-dolya-krupnejshih-DEX.-Dannye-Dune-Analytics-po-sostoyaniyu-na-1.04.2021.-2048x1354.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Share of the largest DEXs. Data: Dune Analytics as of 1.04.2021.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In March, trading volume on decentralized exchanges reached $61.1 billion \u2014 the second-largest figure in 2021 to date.<\/li>\n<li>Uniswap remains the clear leader in the Ethereum-based DEX space \u2014 the platform&#8217;s turnover last month stood at $37.1 billion.<\/li>\n<li>Uniswap&#8217;s market share for the month rose from 46.5% to 74.3%. Likely, the rise was helped by <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-sets-launch-date-for-third-version-of-protocol\">the announcement of the third version of the protocol<\/a>.<\/li>\n<li>The top three were completed by SushiSwap with $9.1 billion and Curve with $5.2 billion.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<h2 class='wp-block-heading'>NFT<\/h2>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='578' src='https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-1024x578.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130785' srcset='https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-1024x578.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-768x433.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-1536x866.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-1-2048x1155.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Trading volumes of NFT marketplaces in 2021, $m. Data: cryptoart, dappradar.<\/figcaption><\/figure>\n<ul class='wp-block-list'>\n<li>NFT trading volume hit a new record. Nine leading marketplaces accounted for more than $600 million.<\/li>\n<li>Platform-wise leaders are NBA Top Shots ($196.3m), Nifty Gateway ($140.8m) and OpenSea ($137.1m).<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<h2 class='wp-block-heading'><strong>Stablecoins<\/strong><\/h2>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='478' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-obshhej-rynochnoj-kapitalizatsii-stejblkoinov-mlrd-.-Dannye-Messari.-1024x478.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130836' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-obshhej-rynochnoj-kapitalizatsii-stejblkoinov-mlrd-.-Dannye-Messari.-1024x478.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-obshhej-rynochnoj-kapitalizatsii-stejblkoinov-mlrd-.-Dannye-Messari.-300x140.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-obshhej-rynochnoj-kapitalizatsii-stejblkoinov-mlrd-.-Dannye-Messari.-768x358.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-obshhej-rynochnoj-kapitalizatsii-stejblkoinov-mlrd-.-Dannye-Messari..png 1594w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Market capitalisation of stablecoins, $bn. Data: Messari.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='622' src='https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1024x622.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130837' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1024x622.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-1536x933.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-vedushhih-stejblkoinov-po-kapitalizatsii-mlrd-.-Dannye-Messari-po-sostoyaniyu-na-1.04.2021.-2048x1244.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Top-5 leading stablecoins by market capitalization, $bn. Data: Messari (as of 1.04.2021).<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Stablecoin market capitalization surpassed $60 billion for the first time in March, up 100% since the start of the year.<\/li>\n<li>The leading stablecoin USDT from Tether surpassed $40 billion ($42.4 billion as of 1 April). USDC from Centre exceeded $10 billion in capitalization.<\/li>\n<\/ul>\n<\/div>\n<h2 class='wp-block-heading'><strong>P2P Trading<\/strong><\/h2>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='528' src='https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-1024x528.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130838' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-1024x528.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-300x155.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-768x396.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-1536x791.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Local-USD-2-2048x1055.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Trading volume on LocalBitcoins p2p platform in 2020-2021, USD millions. Data: coin.dance.<\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='518' src='https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-1024x518.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130839' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-1024x518.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-300x152.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-768x389.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-1536x777.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Local-BTC-2-2048x1036.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Trading volume on LocalBitcoins p2p platform, BTC. Data: coin.dance.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>Trading volume on LocalBitcoins p2p platform in March reached the lowest levels in 2021 by dollar terms. The total value of Bitcoin trades hit an all-time low since 2013.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='477' src='https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-1024x477.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130842' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-1024x477.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-300x140.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-768x358.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-1536x716.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-USD-3-2048x954.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Trading on Paxful p2p platform in 2020-2021, USD millions. Data: coin.dance.<\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='533' src='https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-1024x533.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130844' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-1024x533.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-768x400.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-1536x799.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Paxful-BTC-2-2048x1065.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Trading on Paxful p2p platform, BTC. Data: coin.dance.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>On Paxful, by contrast, Bitcoin trading volumes began to recover from February\u2019s trough. In dollar terms, turnover exceeded the averages seen in 2020-2021.<\/p>\n<\/div>\n<h2 class='wp-block-heading'><strong>Mining, Hashrate, Fees<\/strong><\/h2>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130847' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1536x924.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-2048x1232.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin miners&#8217; earnings by month, $m. Data: Coin Metrics.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='482' src='https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1024x482.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130848' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1024x482.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-768x362.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-1536x723.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Coin-Metrics.-1-2048x964.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Ethereum miners&#8217; earnings by month, $m. Data: Coin Metrics.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>The incomes of Bitcoin and Ethereum miners in March reached new highs.<\/li>\n<li>Miners earned $1.74 billion in March, with the bulk of revenue coming from block rewards ($1.57 billion).<\/li>\n<li>Ethereum miners earned $1.37 billion, just 1% above February; transaction fees comprised 47% of their revenue.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='481' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x481.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130850' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x481.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1536x722.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-2048x962.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin hashrate dynamics since year start, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='659' src='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130851' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-300x193.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-768x494.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-2048x1317.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Largest Bitcoin mining pools. Data: BTC.com.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Riot Blockchain stock daily chart from TradingView.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>In mid-March, as Bitcoin pressed toward $60,000, the stock prices of mining companies began rising:<\/p>\n<ul class='wp-block-list'>\n<li>Canaan \u2014 on 12 March, the company&#8217;s stock hit an all-time high of $39.10. The month finished up 17%.<\/li>\n<li>Ebang International Holdings Inc. \u2014 price spiked sharply but did not set a new high. The shares finished March up 5%.<\/li>\n<li>Riot Blockchain Inc. \u2014 modest month-end gain, up 8%.<\/li>\n<\/ul>\n<p>Meanwhile, the year-to-date return of shares <a href=\"https:\/\/forklog.com\/en\/news\/mining-company-stocks-outpaced-bitcoin-fivefold\">outpaced<\/a> Bitcoin by fivefold.<\/p>\n<\/div>\n<h2 class='wp-block-heading'><strong>On-chain Data<\/strong><\/h2>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='650' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1024x650.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130861' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1024x650.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-300x191.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-768x488.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1536x975.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-2048x1300.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin price and number of addresses with \u2265 1000 BTC. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130862' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1536x924.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-2048x1232.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin price and number of addresses with \u2265 0.01 BTC (thousands). Data: Glassnode<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Number of addresses with 1000 BTC and more fell sharply as Bitcoin rose above $60,000. This could indicate whales realising profits from long-term holdings.<\/li>\n<li>In contrast, the number of addresses of retail participants (\u2265 0.01 BTC) continued to rise, signaling new entrants to the ecosystem.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130863' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2.png 3622w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-300x183.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-1024x624.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-768x468.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-2048x? 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin price and balance dynamics on centralized exchanges, thousand BTC. Data: Glassnode, Yahoo Finance.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130863' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2.png 3622w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-300x183.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-1024x624.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-dinamika-balansov-tsentralizovannyh-birzh-tysyach-BTC.-Dannye-Glassnode-Yahoo-Finance.-2-768x468.png 768w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin price and balance dynamics on centralized exchanges, thousand BTC. Data: Glassnode, Yahoo Finance.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>By March, the balance on centralized exchanges continued to decline as Bitcoin rose toward new highs. This may indicate investors moving funds to safer cold wallets.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130864' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1536x923.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-2048x1231.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of Ethereum transaction counts. Data: Etherscan.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='583' src='https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1024x583.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130865' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1024x583.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-300x171.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-768x437.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1536x875.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-2048x1166.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Daily number of transactions in the Binance Smart Chain ecosystem. Data: BscScan.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Despite slowing activity in the Ethereum DeFi niche, ETH transaction volumes rose 14% in March.<\/li>\n<li>On-chain activity in the Binance Smart Chain ecosystem remains well above Ethereum. The main driver of transactional demand is retail users, <a href=\"https:\/\/forklog.com\/en\/news\/the-binance-smart-chain-case-why-users-choose-low-fees-over-decentralisation\">preferring the low fees of decentralisation<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='621' src='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130854' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares.png 1332w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Daily chart of Canaan shares on TradingView.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='822' src='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130856' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-300x241.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-768x616.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2.png 1033w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Daily chart of Ebang shares from TradingView.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Riot Blockchain stock chart from TradingView.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>In mid-March, amid Bitcoin\u2019s move toward $60,000, the stock prices of mining companies rose:<\/p>\n<ul class='wp-block-list'>\n<li>Canaan \u2014 on 12 March, the company&#8217;s shares hit an all-time high of $39.10. The month closed up 17%.<\/li>\n<li>Ebang International Holdings Inc. \u2014 there was a sharp surge in stock price but no new highs. At month-end, shares were up 5%.<\/li>\n<li>Riot Blockchain Inc. \u2014 modest gain, up 8% for the month.<\/li>\n<\/ul>\n<p>Meanwhile, year-to-date stock returns of the companies <a href=\"https:\/\/forklog.com\/en\/news\/mining-company-stocks-outpaced-bitcoin-fivefold\">outpaced<\/a> Bitcoin fivefold.<\/p>\n<\/div>\n<h2 class='wp-block-heading'><strong>On-chain Data<\/strong><\/h2>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='650' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1024x650.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130861' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1024x650.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-300x191.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-768x488.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-1536x975.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-1000-BTC.-Dannye-Glassnode.-3-2048x1300.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin price and number of addresses with \u2265 1000 BTC. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130862' srcset='https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-1536x924.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/TSena-bitkoina-i-chislo-adresov-s-0.01-BTC-tysyach.-Dannye-Glassnode.-1-2048x1232.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Number of addresses with \u2265 0.01 BTC (thousands). Data: Glassnode<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Number of addresses with 1000 BTC and more declined as Bitcoin moved higher, suggesting profits may be realised by whales.<\/li>\n<li>Retail addresses (\u2265 0.01 BTC) continued to rise, implying more participants entering the market.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='532' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130852' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1536x798.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-2048x1064.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of Ethereum hashrate, h\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='599' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130853' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1536x899.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-2048x1199.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Average transaction fee dynamics for BTC and ETH, via Blockchair.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Ethereum&#8217;s hashrate cadence rose in March as the price of Bitcoin moved to new highs.<\/li>\n<li>The Ethereum network still grapples with high transaction fees, often higher than Bitcoin&#8217;s. The upcoming EIP-1559 activation<a href=\"https:\/\/forklog.com\/en\/news\/ethereum-eip-1559-included-in-july-london-hard-fork-despite-miners-opposition\"> and the introduction of Optimism on Uniswap<\/a> are aimed at reducing gas price volatility and easing the load on Ethereum\u2019s blockchain.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='621' src='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130854' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares.png 1332w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Canaan shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='822' src='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130856' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-300x241.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-768x616.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2.png 1033w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Ebang shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Riot Blockchain stock.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In mid-March, as Bitcoin climbed toward new highs, the stock prices of mining firms climbed: Canaan hit an all-time high of $39.10 on 12 March, finishing the month up 17%.<\/li>\n<li>Ebang International Holdings Inc. saw a sharp move but did not surpass its highs; March closed up 5%.<\/li>\n<li>Riot Blockchain rose modestly, up 8% for the month.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130850' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1536x722.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-2048x962.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin hash rate dynamics since year start, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='659' src='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130851' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-300x193.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-768x494.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-2048x1317.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Top pools by Bitcoin mining, BTC.com data.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>March saw further hashrate growth as Bitcoin moved to new highs.<\/li>\n<li>The top five pools by Bitcoin mining: F2Pool, Poolin, Antpool, BTC.com and Binance Pool.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='532' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130852' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1536x798.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-2048x1064.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Ethereum hashrate dynamics since year start, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130853' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1536x899.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-kosisiii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-2048x1199.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Average fee dynamics for BTC and ETH transactions. Data: Blockchair.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Bitcoin and Ethereum on-chain activity metrics moved higher in March as hashrate rose in tandem with price.<\/li>\n<li>Ethereum&#8217;s on-chain activity remains hampered by high transaction fees; a shift toward lower-fee ecosystems\u2014such as layer-2 solutions on Ethereum and other chains\u2014continues.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='621' src='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130854' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares.png 1332w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily price of Canaan shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='822' src='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130856' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-300x241.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-768x616.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2.png 1033w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Ebang shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Riot Blockchain stock.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In mid-March, as Bitcoin rose toward new highs, mining stock prices advanced: Canaan hit an all-time high of $39.10 on March 12. The month finished up 17%.<\/li>\n<li>Ebang International Holdings Inc. saw a surge but did not set a new high. The stock finished March up 5%.<\/li>\n<li>Riot Blockchain posted a modest gain with an 8% return for the month.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130850' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1536x722.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-2048x962.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Hashrate dynamics for Bitcoin since start of year, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='659' src='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130851' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x659.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-300x193.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-768x494.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-2048x1317.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Largest Bitcoin mining pools. Data: BTC.com.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>March continued to see mining hashrate push higher as Bitcoin climbed to new highs.<\/li>\n<li>The top five pools by hashrate: F2Pool, Poolin, Antpool, BTC.com and Binance Pool.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='532' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130852' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1536x798.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-2048x1064.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Ethereum hashrate dynamics, ETH, h\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='599' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130853' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1024x599.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-1536x899.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Blockchair.-2-2048x1199.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Average transaction fee dynamics for BTC- and ETH-transactions. Data: Blockchair.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Bitcoin and Ethereum on-chain transaction fees increased in March, even as activity slowed for ETH.<\/li>\n<li>On-chain activity on the Binance Smart Chain remains well above Ethereum. The primary driver of transaction demand is retail users, <a href=\"https:\/\/forklog.com\/en\/news\/the-binance-smart-chain-case-why-users-choose-low-fees-over-decentralisation\">preferring the lower fees of decentralisation<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='621' src='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130854' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares.png 1332w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily price of Canaan shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='822' src='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130856' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-300x241.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-768x616.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2.png 1033w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Ebang shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Riot Blockchain stock.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In March, as Bitcoin surged to fresh highs, mining stocks rallied. Canaan reached an all-time high of $39.10 on 12 March. The month ended up 17%.<\/li>\n<li>Ebang International Holdings Inc. saw a sharp spike in price but did not surpass its highs; March finished up 5%.<\/li>\n<li>Riot Blockchain gained modestly, up 8% for the month.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130850' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1536x722.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-2048x962.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Hashrate dynamics for Bitcoin since start of year, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130851' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-300x193.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-768x494.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-2048x1317.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Largest Bitcoin mining pools. Data: BTC.com.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>In March the hashrate continued rising as Bitcoin moved to new highs.<\/li>\n<li>Top five pools by hashrate: F2Pool, Poolin, Antpool, BTC.com and Binance Pool.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='532' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130852' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1536x798.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-2048x1064.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Ethereum hashrate dynamics, Ethereum, h\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130864' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-1536x923.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-Ethereum-tranzaktsij.-Dannye-Etherscan.-2-2048x1231.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of Ethereum transaction counts. Data: Etherscan.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Ethereum on-chain transaction volume rose by 14% in March.<\/li>\n<li>On-chain activity in the Binance Smart Chain ecosystem remained far above Ethereum. The main driver of transaction demand is retail users, <a href=\"https:\/\/forklog.com\/en\/news\/the-binance-smart-chain-case-why-users-choose-low-fees-over-decentralisation\">preferring the lower fees of decentralisation<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_thirds'>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='621' src='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130854' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-1024x621.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares-768x466.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Canaan-Shares.png 1332w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily price of Canaan shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='822' src='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130856' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-1024x822.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-300x241.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2-768x616.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Ebang-2.png 1033w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Ebang shares.<\/figcaption><\/figure>\n<\/div>\n<div class='review_third'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='757' src='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130857' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-1024x757.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-300x222.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2-768x568.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Riot-2.png 1111w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>TradingView daily chart of Riot Blockchain stock.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Mid-March saw the stock performance of mining firms pick up as Bitcoin climbed beyond $60,000. Canaan hit a record high of $39.10. The month ended up 17%.<\/li>\n<li>Ebang International Holdings Inc. saw a surge but did not set a new high. March closed up 5%.<\/li>\n<li>Riot Blockchain posted a modest monthly gain of 8%.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130850' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-1536x722.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-3-2048x962.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Bitcoin hash rate dynamics since year start, EH\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130851' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-300x193.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-768x494.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com_.-2048x1317.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Largest Bitcoin mining pools. Data: BTC.com.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>March mining hashrate continued to rise as Bitcoin moved to new highs.<\/li>\n<li>Top five pools by hashrate: F2Pool, Poolin, Antpool, BTC.com and Binance Pool.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='532' src='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130852' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-1536x798.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-2-2048x1064.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Dynamics of Ethereum hashrate, h\/s. Data: Glassnode.<\/em><\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='616' src='https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1024x616.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130865' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-300x171.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-768x437.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-1536x875.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Dnevnoe-chislo-tranzaktsij-v-ekosisteme-Binance-Smart-Chain.-Dannye-BscScan.-4-2048x1166.png 2048w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption><em>Daily transactions in the Binance Smart Chain ecosystem. Data: BscScan.<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>Despite slowing activity in Ethereum DeFi, ETH transaction volume grew 14% in March.<\/li>\n<li>On-chain activity in the BSC ecosystem remains well ahead of Ethereum. The main driver of transactional demand is retail users, <a href=\"https:\/\/forklog.com\/en\/news\/the-binance-smart-chain-case-why-users-choose-low-fees-over-decentralisation\">preferring the low fees of decentralisation<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<div class='reviews_has_halves'>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='572' src='https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-1024x572.jpg' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130868' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-1024x572.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-300x168.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-768x429.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale.jpg 1200w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>GBTC premium\/discount dynamics. Data: skew.<\/figcaption><\/figure>\n<\/div>\n<div class='review_half'>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='572' src='https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-1024x572.jpg' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' class='wp-image-130868' srcset='https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-1024x572.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-300x168.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale-768x429.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Grayscale.jpg 1200w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Grayscale assets under management rose to a new high, at $45bn. The firm launched five new trusts for Basic Attention Token, Chainlink, Filecoin, Decentraland and Livepeer.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class='wp-block-list'>\n<li>GBTC premium was negative for the entire March, prompting Grayscale to halt accepting new investments, while DCG, its parent, signalled readiness to buy up to $250 million of shares in the open market.<\/li>\n<li>Total assets under management reached a new high of $45 billion. Grayscale also launched five new trusts for Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>MicroStrategy<\/strong><\/h3>\n<p>On 1 March, the company added 328 BTC at an average price of $45,710. On 12 March, it announced a further purchase of 262 BTC for about $15 million. As of 1 April, MicroStrategy holds 91,326 BTC worth about $2.2 billion.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>ETF on the Horizon<\/strong><\/h3>\n<p>Four firms filed in March to launch Bitcoin-based exchange-traded funds (ETFs). Among them was the Chicago Board Options Exchange (CBOE), which also <a href=\"https:\/\/forklog.com\/en\/news\/cboe-files-to-list-bitcoin-etf\">allowed<\/a> resumption of Bitcoin futures trading. Others included Canada-based <a href=\"https:\/\/forklog.com\/en\/news\/evolve-funds-seeks-to-launch-an-ethereum-based-etf\">Evolve Funds<\/a>, New York-based <a href=\"https:\/\/forklog.com\/en\/news\/simplify-files-for-etf-with-bitcoin-exposure-via-grayscale-bitcoin-trust\">Simplify Exchange Traded Funds<\/a> and asset manager <a href=\"https:\/\/forklog.com\/en\/news\/wisdomtree-files-another-bitcoin-etf-application-in-the-united-states\">WisdomTree<\/a>.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>Major Venture Rounds<\/strong><\/h3>\n<p>In Q1 2021, crypto firms raised $2.6bn across 129 deals, per CB Insights. For all of 2020, the sector raised $2.3bn in 341 deals. Here are March&#8217;s notable rounds:<\/p>\n<ul class='wp-block-list'>\n<li>Lending platform BlockFi <a href=\"https:\/\/forklog.com\/en\/news\/blockfi-raises-350-million-at-a-3-billion-valuation\">raised<\/a> $350m at a $3bn valuation.<\/li>\n<li>Blockchain.com <a href=\"https:\/\/forklog.com\/en\/news\/blockchain-com-raises-300-million-at-a-5-2-billion-valuation\">raised<\/a> $300m, valuing the company at $5.2bn.<\/li>\n<li>New York Digital Investment Group (NYDIG) <a href=\"https:\/\/forklog.com\/en\/news\/nydig-raises-200-million-in-round-led-by-morgan-stanley-massmutual-and-other-investors\">raised<\/a> $200m.<\/li>\n<li>Custodian Fireblocks <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-and-galaxy-digital-backed-custodian-fireblocks-raises-133-million\">raised<\/a> $133m.<\/li>\n<li>Chainalysis <a href=\"https:\/\/forklog.com\/en\/news\/chainalysis-valuation-tops-2-billion-after-another-funding-round\">raised<\/a> $100m; its valuation topped $2bn.<\/li>\n<li>StarkWare, developer of scaling solutions for Ethereum, <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-leads-75-million-series-b-for-starkware\">raised<\/a> $75m.<\/li>\n<li>Soros family office <a href=\"https:\/\/forklog.com\/en\/news\/soros-family-office-invests-in-lukka-a-crypto-data-provider\">invested<\/a> in Lukka in a $53m round.<\/li>\n<li>Avanti Caitlin Long <a href=\"https:\/\/forklog.com\/en\/news\/avanti-raises-37m-ahead-of-digital-asset-bank-launch\">raised<\/a> $37m ahead of a crypto bank launch.<\/li>\n<\/ul>\n<\/div>\n<h2 class='wp-block-heading'><strong>Key Regional Events<\/strong><\/h2>\n<div class='reviews_has_halves stretch'>\n<div class='review_half'>\n<div class='review_single_blk has_region'>\n<p><img decoding='async' loading='lazy' class='alignleft size-full wp-image-81141' src='https:\/\/forklog.com\/wp-content\/uploads\/Frame-1.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='106' height='80'><\/p>\n<ul>\n<li>Russian authorities reportedly <a href=\"https:\/\/forklog.com\/en\/news\/media-russian-authorities-take-an-interest-in-the-operations-of-p2p-exchanges\">are interested in<\/a> the operation of P2P exchangers.<\/li>\n<li>A deputy in the State Duma <a href=\"https:\/\/forklog.com\/en\/news\/duma-deputy-signals-possible-change-to-cryptocurrency-declaration-threshold\">suggested<\/a> changing the threshold for declaring cryptocurrencies.<\/li>\n<li>President Vladimir Putin <a href=\"https:\/\/forklog.com\/en\/news\/putin-orders-the-prosecutor-generals-office-to-curb-illicit-cross-border-transfers-of-digital-financial-assets\">ordered<\/a> additional measures to curb illicit cross-border transfers of digital financial assets.<\/li>\n<\/ul>\n<\/div>\n<div class='review_single_blk has_region has_top_divider'>\n<p><img decoding='async' loading='lazy' class='alignleft size-full wp-image-116085' src='https:\/\/forklog.com\/wp-content\/uploads\/Frame.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='105' height='79'><\/p>\n<ul>\n<li>National Bank of Ukraine <a href=\"https:\/\/forklog.com\/en\/news\/ukraines-central-bank-explains-the-case-for-legalising-cryptocurrencies\">explained<\/a> the importance of legalising cryptocurrency, but a regulator&#8217;s representative proposed delaying the &#8216;On Virtual Assets&#8217; law. The Ministry of Digital Transformation, together with other agencies and industry, <a href=\"https:\/\/forklog.com\/en\/news\/ukraines-ministry-of-digital-transformation-to-draw-up-a-roadmap-for-the-development-of-the-cryptocurrency-market\">has begun<\/a> drafting a roadmap for crypto-market development.<\/li>\n<li>The Prime Minister was <a href=\"https:\/\/forklog.com\/en\/news\/plan-for-eu-blockchain-integration-proposed-to-ukraines-prime-minister\">proposed<\/a> a plan for blockchain integration with the EU.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class='review_half'>\n<div class='review_single_blk has_region'>\n<p><img decoding='async' loading='lazy' class='alignleft size-full wp-image-81142' src='https:\/\/forklog.com\/wp-content\/uploads\/digirub.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='105' height='79'><\/p>\n<ul>\n<li>Head of the State Duma Committee on Financial Markets Anatoly Aksakov <a href=\"https:\/\/forklog.com\/en\/news\/aksakov-proposes-amendments-to-russias-digital-assets-law\">proposed<\/a> to amend the &#8216;On Digital Financial Assets&#8217; law in connection with possible issue of a digital ruble.<\/li>\n<li>Deputy Governor of the Central Bank of Russia Alexei Zabotkin said the regulator plans to <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-to-begin-testing-the-digital-ruble-in-2022\">present<\/a> a prototype platform for the digital ruble by year-end.<\/li>\n<li>The Chair of the Bank of Russia <a href=\"https:\/\/forklog.com\/en\/news\/nabiullina-signals-possible-fees-on-digital-ruble-transfers\">raised<\/a> the possibility of introducing fees for digital ruble C2B transfers.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class='review_single_blk has_map review_2_map'>\n<h2>Regulation<\/h2>\n<p><img decoding='async' loading='lazy' src='https:\/\/forklog.com\/wp-content\/uploads\/Group-2644-8.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='2350' height='1182'><\/p>\n<div class='country_blk' data-blk='1'><strong>South Korea<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/south-korea-tightens-oversight-of-the-cryptocurrency-industry\">tightened<\/a> control over the crypto industry<\/div>\n<div class='country_blk' data-blk='2'><strong>Ireland<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/ireland-to-tighten-regulation-of-the-cryptocurrency-industry-2\">will expand<\/a> the anti-money-laundering and counter-terrorist financing rules to the crypto industry.<\/div>\n<div class='country_blk' data-blk='3'>Vice-President of <strong>Nigeria<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/nigerias-vice-president-calls-for-a-cautious-rollout-of-blockchain\">called for<\/a> cautious adoption of blockchain.<\/div>\n<div class='country_blk' data-blk='4'>The Central Bank of <strong>Thailand<\/strong> will start regulating stablecoins by the end of 2021.<\/div>\n<div class='country_blk' data-blk='5'>Candidate to head the US SEC, Gary Gensler <a href=\"https:\/\/forklog.com\/en\/news\/gary-gensler-sec-chair-candidate-calls-bitcoin-a-catalyst-for-change\">called<\/a> Bitcoin a \u2018catalyst for change\u2019 and said he would push for innovation. At the same time, authorities <a href=\"https:\/\/forklog.com\/en\/news\/us-authorities-to-pursue-crypto-traders-evading-taxes\">will pursue<\/a> tax evaders in crypto operations, and SEC Commissioner Hester Peirce <a href=\"https:\/\/forklog.com\/en\/news\/hester-peirce-urges-defi-projects-to-engage-with-the-sec\">urged<\/a> DeFi projects to \u201cengage with the SEC\u201d to avoid securities violations.<\/div>\n<div class='country_blk' data-blk='6'>In <strong>India<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/indian-government-denies-plans-for-a-full-ban-on-cryptocurrencies\">rejected<\/a> plans for a complete ban on crypto. At the same time, authorities require firms to <a href=\"https:\/\/forklog.com\/en\/news\/india-requires-companies-to-disclose-cryptocurrency-assets\">disclose<\/a> crypto assets and <a href=\"https:\/\/forklog.com\/en\/news\/india-justifies-taxes-on-cryptocurrency-holders\">said<\/a> there is a need for a personal income tax on crypto earnings.<\/div>\n<div class='country_blk' data-blk='7'>In <strong>Kazakhstan<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/kazakhstan-to-form-working-group-for-the-development-of-the-crypto-industry-and-blockchain\">a working group will be formed<\/a> to develop the crypto industry and blockchain.<\/div>\n<div class='country_blk' data-blk='8'><strong>Canada<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/canada-tightens-rules-for-verifying-cryptocurrency-holders\">tightened<\/a> rules for verifying crypto-asset holders.<\/div>\n<div class='country_blk' data-blk='9'>UK Finance Minister <strong>Jeremy Hunt<\/strong> said the country <a href=\"https:\/\/forklog.com\/en\/news\/minister-britain-will-focus-on-regulating-stablecoins-not-bitcoin\">will focus<\/a> on stablecoins regulation.<\/div>\n<div class='country_blk' data-blk='10'><strong>FATF<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/fatf-includes-defi-in-draft-guidance-for-the-crypto-industry\">included<\/a> DeFi in the draft guidelines for the crypto industry.<\/div>\n<div class='country_blk' data-blk='11'>President of <strong>Belarus<\/strong> Alexander Lukashenko urged <a href=\"https:\/\/forklog.com\/en\/news\/belarus-proposes-refining-its-cryptocurrency-legislation\">to develop<\/a> regulatory norms for cryptocurrencies.<\/div>\n<\/div>\n<div class='review_single_blk has_map review_2_map m'>\n<h2>Regulation<\/h2>\n<p><img decoding='async' loading='lazy' src='https:\/\/forklog.com\/wp-content\/uploads\/Group-2644-8.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='2350' height='1182'><\/p>\n<div class='country_blk' data-blk='1'><strong>South Korea<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/south-korea-tightens-oversight-of-the-cryptocurrency-industry\">tightened<\/a> control over the crypto industry<\/div>\n<div class='country_blk' data-blk='2'><strong>Ireland<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/ireland-to-tighten-regulation-of-the-cryptocurrency-industry-2\">will expand<\/a> the anti-money-laundering and financing of terrorism rules to the crypto industry.<\/div>\n<div class='country_blk' data-blk='3'>Vice-President of <strong>Nigeria<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/nigerias-vice-president-calls-for-a-cautious-rollout-of-blockchain\">called for<\/a> cautious implementation of blockchain.<\/div>\n<div class='country_blk' data-blk='4'>The Central Bank of <strong>Thailand<\/strong> will start regulating stablecoins by the end of 2021.<\/div>\n<div class='country_blk' data-blk='5'>SEC head candidate <strong>Gary Gensler<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/gary-gensler-sec-chair-candidate-calls-bitcoin-a-catalyst-for-change\">called<\/a> Bitcoin a \u201ccatalyst for change\u201d and said he would push to promote innovation. At the same time, authorities <a href=\"https:\/\/forklog.com\/en\/news\/us-authorities-to-pursue-crypto-traders-evading-taxes\">will pursue<\/a> individuals evading crypto taxes, and SEC Commissioner Hester Peirce <a href=\"https:\/\/forklog.com\/en\/news\/hester-peirce-urges-defi-projects-to-engage-with-the-sec\">urged<\/a> DeFi projects to \u201cengage with the SEC\u201d to avoid securities violations.<\/div>\n<div class='country_blk' data-blk='6'>In <strong>India<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/indian-government-denies-plans-for-a-full-ban-on-cryptocurrencies\">rejected<\/a> plans for a full crypto ban. Authorities also require firms to <a href=\"https:\/\/forklog.com\/en\/news\/india-requires-companies-to-disclose-cryptocurrency-assets\">disclose<\/a> crypto-assets and <a href=\"https:\/\/forklog.com\/en\/news\/india-justifies-taxes-on-cryptocurrency-holders\">said<\/a> a tax on crypto income may be introduced.<\/div>\n<div class='country_blk' data-blk='7'>In <strong>Kazakhstan<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/kazakhstan-to-form-working-group-for-the-development-of-the-crypto-industry-and-blockchain\">a working group will be formed<\/a> to develop the crypto industry and blockchain.<\/div>\n<div class='country_blk' data-blk='8'><strong>Canada<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/canada-tightens-rules-for-verifying-cryptocurrency-holders\">tightened<\/a> rules for verifying crypto-asset holders.<\/div>\n<div class='country_blk' data-blk='9'>UK Treasury Minister <strong>John Glen<\/strong> said the country <a href=\"https:\/\/forklog.com\/en\/news\/minister-britain-will-focus-on-regulating-stablecoins-not-bitcoin\">will focus<\/a> on regulating stablecoins.<\/div>\n<div class='country_blk' data-blk='10'><strong>FATF<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/fatf-includes-defi-in-draft-guidance-for-the-crypto-industry\">included<\/a> DeFi in the draft guidelines for the crypto industry.<\/div>\n<div class='country_blk' data-blk='11'>President of <strong>Belarus<\/strong> Alexander Lukashenko urged <a href=\"https:\/\/forklog.com\/en\/news\/belarus-proposes-refining-its-cryptocurrency-legislation\">to develop<\/a> legislative norms for cryptocurrencies.<\/div>\n<\/div>\n<div class='review_single_blk has_map review_2_map'>\n<h2>Regulation<\/h2>\n<p><img decoding='async' loading='lazy' src='https:\/\/forklog.com\/wp-content\/uploads\/Group-2644-8.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='2350' height='1182'><\/p>\n<div class='country_blk' data-blk='1'><strong>South Korea<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/south-korea-tightens-oversight-of-the-cryptocurrency-industry\">tightened<\/a> control over the crypto industry<\/div>\n<div class='country_blk' data-blk='2'><strong>Ireland<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/ireland-to-tighten-regulation-of-the-cryptocurrency-industry-2\">will expand<\/a> the anti-money-laundering and financing of terrorism rules to the crypto industry.<\/div>\n<div class='country_blk' data-blk='3'>Vice-President of <strong>Nigeria<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/nigerias-vice-president-calls-for-a-cautious-rollout-of-blockchain\">called for<\/a> cautious adoption of blockchain.<\/div>\n<div class='country_blk' data-blk='4'>The Central Bank of <strong>Thailand<\/strong> will start regulating stablecoins by end-2021.<\/div>\n<div class='country_blk' data-blk='5'>SEC head Gary Gensler <a href=\"https:\/\/forklog.com\/en\/news\/gary-gensler-sec-chair-candidate-calls-bitcoin-a-catalyst-for-change\">named<\/a> Bitcoin a \u201ccatalyst for change\u201d and said he would push to pursue innovation. At the same time authorities <a href=\"https:\/\/forklog.com\/en\/news\/us-authorities-to-pursue-crypto-traders-evading-taxes\">will pursue<\/a> crypto-tax evaders, and SEC Commissioner Hester Peirce <a href=\"https:\/\/forklog.com\/en\/news\/hester-peirce-urges-defi-projects-to-engage-with-the-sec\">urged<\/a> DeFi projects to \u201cengage with the SEC\u201d to avoid securities laws violations.<\/div>\n<div class='country_blk' data-blk='6'>In <strong>India<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/indian-government-denies-plans-for-a-full-ban-on-cryptocurrencies\">opposed<\/a> plans for a full crypto ban. Authorities also require firms to <a href=\"https:\/\/forklog.com\/en\/news\/india-requires-companies-to-disclose-cryptocurrency-assets\">disclose<\/a> crypto assets and <a href=\"https:\/\/forklog.com\/en\/news\/india-justifies-taxes-on-cryptocurrency-holders\">said<\/a> there is a need for tax on crypto income.<\/div>\n<div class='country_blk' data-blk='7'>In <strong>Kazakhstan<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/kazakhstan-to-form-working-group-for-the-development-of-the-crypto-industry-and-blockchain\">will form<\/a> a task force to develop the crypto industry and blockchain.<\/div>\n<div class='country_blk' data-blk='8'><strong>Canada<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/canada-tightens-rules-for-verifying-cryptocurrency-holders\">tightened<\/a> verification rules for crypto holders.<\/div>\n<div class='country_blk' data-blk='9'>UK Finance Minister <strong>John Glen<\/strong> said the country <a href=\"https:\/\/forklog.com\/en\/news\/minister-britain-will-focus-on-regulating-stablecoins-not-bitcoin\">will focus<\/a> on regulating stablecoins.<\/div>\n<div class='country_blk' data-blk='10'><strong>FATF<\/strong> <a href=\"https:\/\/forklog.com\/en\/news\/fatf-includes-defi-in-draft-guidance-for-the-crypto-industry\">included<\/a> DeFi in the draft guidance for the crypto industry.<\/div>\n<div class='country_blk' data-blk='11'>President of <strong>Belarus<\/strong> Alexander Lukashenko urged <a href=\"https:\/\/forklog.com\/en\/news\/belarus-proposes-refining-its-cryptocurrency-legislation\">to develop<\/a> regulatory norms for cryptocurrencies.<\/div>\n<\/div>\n<h2 class='wp-block-heading'><strong>Other March Highlights<\/strong><\/h2>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>Tesla to Accept Bitcoin Payments<\/strong><\/h3>\n<p>On Monday, March 22, Elon Musk said that Tesla <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-says-tesla-has-begun-selling-electric-cars-for-bitcoin\">added an option to pay for its cars with Bitcoin<\/a>. The feature is currently available to US residents, with plans to roll it out to other countries by year-end. Tesla will not convert the received Bitcoin to fiat. The company also supports running Bitcoin nodes.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>Visa to Settle Using USDC Stablecoin<\/strong><\/h3>\n<p>Visa, in partnership with Crypto.com, started a pilot programme to settle payments using the USD Coin (USDC) stablecoin from the Centre consortium. The solution <a href=\"https:\/\/forklog.com\/en\/news\/visa-to-enable-settlements-in-usdc-stablecoin\">works<\/a> on the Ethereum blockchain and eliminates the need to convert the digital asset into fiat for a transaction.<\/p>\n<\/div>\n<div class='review_single_blk'>\n<h3 class='wp-block-heading'><strong>Uniswap Sets Date for v3 Launch<\/strong><\/h3>\n<p>The launch of the new protocol version <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-sets-launch-date-for-third-version-of-protocol\">is planned<\/a> for 5 May. The developers have promised to implement the Optimism layer-2 solution, potentially addressing high gas fees on Ethereum and introducing new features for liquidity providers, along with an updated fee structure.<\/p>\n<\/div>\n<h2 class='wp-block-heading'>Month Quotes<\/h2>\n<div class='reviews_has_halves stretch has_digits'>\n<div class='review_half'>\n<div class='review_single_blk has_quote s'>\n<p><img decoding='async' loading='lazy' src='https:\/\/forklog.com\/wp-content\/uploads\/Mask-Group-48.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='365' height='365'>\u201cMillions of people are very pleased that authorities approved a $1.9 trillion stimulus package. Who doesn&#8217;t like free money? The problem is that such money makes the poor and the middle class poorer. Buy more gold, silver and bitcoins.\u201d<strong>Robert Kiyosaki<\/strong><em>Entrepreneur, author of the bestseller \u2018Rich Dad Poor Dad\u2019<\/em><\/p>\n<\/div>\n<\/div>\n<div class='review_half'>\n<div class='review_single_blk has_quote s'>\n<p><img decoding='async' loading='lazy' src='https:\/\/forklog.com\/wp-content\/uploads\/Mask-Group-49.png' alt='March 2021 in numbers: new coins break into the top-10, Bitcoin closes eight-year best quarter' width='365' height='365'>\u201cThis is a very cool thing, as we know, probably. But what does a person lack when he goes into crypto? It seems to me that this is about people who want to hide something from someone. There is no reason to resist progress; the youth want this.\u201d<strong>Oleg Tinkov<\/strong><em>Founder of Tinkoff Bank<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin hit an all-time high of $61,800 and closed the best first quarter in eight years, while UNI, THETA and FIL broke into the top-10 by market cap.<\/p>\n","protected":false},"author":1,"featured_media":40305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"3","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1740],"class_list":["post-40304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-industry-in-numbers"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"1","layout_type":"3","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40304"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40304\/revisions"}],"predecessor-version":[{"id":40306,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40304\/revisions\/40306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40305"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}