Ram Ahluwalia CFA, Lumida Profile picture
CEO of @lumidawealth. prev: Founded PeerIQ (exited). ex-Wall St. Non-Consensus Investing, Alts, Digital Assets. Disproving the EMH one day at a time.

Feb 10, 2022, 9 tweets

Everyone's favorite funding stat from 2021 is that 1 out of 5 VC dollars went to a #fintech.

What's MORE impressive?

Equity investments in #crypto companies grew 800% year over year - 4x faster than investments in fintech.

Some other notable stats - a 🧵

2/x

There are now over 400 DeFi protocols on Ethereum alone, with an aggregate ~$124 Bn in TVL (Total Value Locked).

That's up from a mere $17.5 Bn at the start of 2021.

3/x

There are close to 3,000 Dapps running on Ethereum - including heavyweights like @opensea, @ensdomains , and @decentraland.

Combined, they processed ~219,000 transactions worth ~$280MM in the last 24 hours.

(H/T @StateOfTheDApps)

@opensea @ensdomains @decentraland @StateOfTheDApps 4/x

Follow the talent.

Developers are excited about the potential for building on blockchain.

There are >18,000 developers working in the Web3 ecosystem.

60% of those started working on #Web3 projects for the first time in 2021.

(H/T @ElectricCapital )

@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 5/x

The market cap of L1s and the TVL has dropped amid the broader market pull back in crypto & equities.

But the correction is already showing signs of reversing.

@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 6/x

The main current drivers of user adoption?

NFTs & gaming.

Gaming is the #1 category for Ethereum Dapps, accounting for ~18% of apps.

NFTs account for 4% of Ethereum Dapps, but ~42% of transactions, driven by the popularity of #NFT marketplace OpenSea.

@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 7/x

Wallets are a key access point to the crypto ecosystem & are becoming a battleground.

@MetaMask , the top wallet for Ethereum, has 21m+ MAUs.

Phantom, the most popular wallet for Solana, claims 2.1m users.

@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital @MetaMask 8/x

Fintech heavyweights @CashApp , @robinhood, and @PayPal are continuing to add crypto functionality.

The overlap of crypto/DeFi/Web3 and "TradFi" will continue to grow.

@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital @MetaMask @CashApp @robinhood @PayPal 9/9

What other interesting stats have you seen?

1. Quote retweet your thoughts on crypto stats

2. Follow me for more learnings in crypto, DeFi, and Web3

/ End Thread

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