The more information available, the stronger our ecosystem becomes. On-chain transactions never lie. I think we're missing that in #Bittensor. So we'll share what we can over time. Hoping to encourage engagement with what may be happening through these new available data points. 

Below are two charts to visualise transactions (>500 TAO) to and from Binance exchange, over time. 

You will notice periodic transactions to and from Binance. These appear to be monthly transactions. Its likely these transactions are for payment from users to users. Entities prefer to send to exchanges first to "break the chain" before making payment to other counterparties. 

Such on-chain data can also help us visualise market activity around key events happening in the ecosystem. Especially with potential $TAO DeFi markets on bittensor, financial products can be created to help hedge volatility (this can ensure we foster regular fiat-denominated income for Bittensor participants). 

We'll do our best to be regular with sharing insights. This has been without any particular order and we are indifferent to the data points. Theres lots to explore, if anyone is interested in more, shoot me a DM. My name is Ash.
#Bittensor