Following a broader market downturn that saw Bitcoin (BTC) dip into the low $80000s, Pi Network has defied the trend, emerging as a standout performer.
In the ever-shifting crypto landscape, new narratives are constantly emerging to pique the interest of investors. One such story unfolding is that of Pi Network, a project which claims to have over 60 million engaged participants.
Recently, analysts at Chainalysis set out to analyze the on-chain activity of major crypto tokens, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Their findings, visualized in an engaging video, revealed interesting trends in the cryptocurrency market.
As Chainalysis points out, the majority of crypto users are not actively trading on a day-to-
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