ETH DApp Total Activity by Time

2. Social Media Data

2.1 Keyword Analysis (China)

Huobi Research analyzed text using NLP Word Cloud to extract relevant keywords and understand the overall sentiments from China’s largest Cryptocurrency online community 8btc.com. Specifically, we break down the keywords to three categories: Cryptocurrencies, Events, and Exchanges/Opinion Leaders.

In the Cryptocurrency category, NLP World Cloud Analysis suggests Bitcoin, Ethereum, and EOS as the top Cryptocurrencies receiving the most widespread attention. Discussions regarding Ethereum focused on Casper CBC improvement as suggested by Vitalik, and discussions regarding EOS focused on whether EOS is a blockchain network, and the degree of centralization in EOS.

In the events category, NLP Word Cloud suggests “Bounce”, “Bear Market” and “Contract” as the hottest words of the week. “Bounce” refers to investors’ expectation for a bounce in Bitcoin price after the recent crash; “Bear Market” refers to the consensus reached by investors regarding the currently cryptocurrency market conditions; Trending for 4 consecutive weeks, “Contract” refers to Huobi’s new future trading platform, which generated much hype among cryptocurrency investors.

In the Exchanges/Opinion Leaders category, NLP Word Cloud suggests “Huobi”, “Bitfinex”, and “Binance” as the hottest words of the week, with discussions mainly focused on daily exchange issues including log-in issue, transaction, the rate and so on. Bitfinex received much attention due to its announcement of the addition of USDT/USD and EURT/EUR trading pairs on Bitfinex, replacing the previous 1:1 conversion on deposits and withdrawals for USDT.

8btc.com Word Analysis

2.2 Keyword Analysis (Overseas)

We also performed NLP Word Analysis on Reddit’s r/CryptoCurrency Subreddit to understand the trending topics and overall sentiments overseas, and we similarly broke down the keywords into three categories: Cryptocurrencies, Events, and Exchanges/Opinion Leaders.

In the Cryptocurrencies category, NLP Word Analysis suggests BTC, ETH, and IOTA as the three cryptocurrencies that received the most widespread attention this week. For BTC, discussions on mainly focused on price and trading strategies. Discussions on ETH mainly focused on the recently announcement by ETH developers to speed up ETH network updates, and discussions on IOTA mainly focused on the relationship between IoT and Cryptocurrency, as well as the IOTA development plan according to its roadmap.

In the Events category, NLP Word Analysis suggests “Long”, “Bot”, and “Mining” as the hottest words of the week. “Long” refers to many investors’ decisions to long Bitcoin after a substantial crash in price; “Mining” refers to the discussion on the miner shutdown as Bitcoin Hashrate has decreased by 10% over the past week; “Bot” refers to the discussion on how to trade and profit with quant bot trading.

In the Exchanges/Opinion Leaders category, NLP World Analysis suggests “Satoshi”, “Binance”, and “Coinbase” as the hottest words of overseas this week, for Coinbase and Binance, with the normal discussion on general topics among platform users. For Satoshi, with the discussion on CSW which is refer to “Australian Satoshi”.

r/CryptoCurrency Word Analysis

2.3 Github Code Activity

Among all GitHub repositories this week:

XRP, ETH and DASH were the projects with the most code addition; BTC, ETC and EOS were the projects with the most forks; ETH, BTC, and EOS were the projects with most code commit submissions; IOTA, XMR and ADA were the projects with the most new issues; ETH, BTC and EOS were the projects with most new stars; ETH, ADA and BTC were the projects with most new watchers.

GitHub Code Activity

2.4 Overall Telegram Activity

We measured the vitality of telegram community by the chat volume among the relatively active community telegram groups:

The top three activist telegram groups this week were: 1) EOS China (Chinese group), 2) EOS English group, 3) NEO English group.

Telegram Activity

2.5 Popular Cryptocurrency Telegram Activity

We measured the vitality of EOS community by the chat volume among the selected EOS community telegram groups: EOS General Chat (English technology/ ecology group), EOS China (Chinese group). We also similarly measured the vitality of TRON and EOS community by the chat volume of TRONnetworkEN and NEO Blockchain telegram group.

The total chat volume in EOS community telegram groups remained largely unchanged compared to last week; the total chat volume in TRON community telegram decreased by 1.2k compared to last week; the total chat volume in NEO community increased by 0.1k compared to last week.

It’s worth mentioning that NEO Telegram has been relatively active in the past two consecutive weeks, from October’s 1k/week to 3k/week recently.