Interestingly, before corrections ensued, buying interest was prominently visible in the market. In fact, at that time, close to 20 addresses had control of more than two-third of the total 1.5 billion tokens.Īs per the latest data from ITB, whales, in conjunction, HODL 44% of the tokens while retail and investor category HODLings account for 22% and 33%, respectively. During the ICO of BAT, just 5 buyers ended up scooping over half the supply. The HODLer dynamics of this token has, however, not witnessed any substantial change over the years. In fact, before corrections swept in, BAT was up by over 122% since 20 July. As such, the token has been able to recover at a much faster pace than other major alts after May’s crash. The hike in Brave’s adoption has had a direct impact on BAT. Parallelly, daily active users have also risen and stood at 12.5 million, at press time. As can be seen from the chart attached, monthly active users doubled from 18.3 million to over 36.2 million in just 365 days. Rising adoptionīrave has witnessed pretty phenomenal growth over the past year. Basic Attention Token is the native token of the Brave browser and is built on top of Ethereum. The token was created to improve the security, fairness, and efficiency of digital advertising by making use of blockchain technology. Already existing problems in web-based advertising and web browsing are useful case studies for the same. With crypto-related tech proliferating the mainstream ecosystem, companies have sought new ways to apply the same. Right from transparency to governance and security, blockchain has it all covered. Some actually cater to the needs of a particular company, function, or industry. Thanks to the ever-developing blockchain technology, these use-cases are not general as such, but are instead specific. Apart from being a store of value and a medium of exchange, cryptocurrencies today have a host of other use cases.
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