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1/ Crypto might not have Mary Meeker's annual Internet Trends report, but we have something much better: an absolute phalanx of researchers who don't wait a year but share insights monthly, weekly, daily.
Here are 20 slides of charts & goodies about the latest in BTC & crypto!
Here are 20 slides of charts & goodies about the latest in BTC & crypto!
2/ Let's start with Bitcoin.
As we debate whether we're still in a bear market or have moved to bull @DiarNewsletter has been tracking the record CME futures volumes. diar.co/volume-3-issue…
As we debate whether we're still in a bear market or have moved to bull @DiarNewsletter has been tracking the record CME futures volumes. diar.co/volume-3-issue…
3/ Also from @DiarNewsletter, this interesting nugget: a 26% increase in the # of addresses with 1-10k BTC since the bear market began. diar.co/volume-3-issue…
4/ In their new newsletter, the team at @coinmetrics also dug into BTC address count by BTC balance, as well as total BTC supply by address size. coinmetrics.io/coin-metrics-s…
5/ What's more, with Schnorr and Taproot on the horizon, @BitMEXResearch looked at the significant growth in the number of BTC stored with multi-sig. blog.bitmex.com/the-schnorr-si…
6/ What about hashrate?
In their Q1 report, @ResearchCircle shows a 28% increase in hashrate since the Dec 2018 lows. research.circle.com/wp-content/upl…
In their Q1 report, @ResearchCircle shows a 28% increase in hashrate since the Dec 2018 lows. research.circle.com/wp-content/upl…
7/ Interestingly, there have been some chances in where that hashpower is coming from. Back to @DiarNewsletter for the shift in the % of Bitcoin blocks mined by large versus small pools. diar.co/volume-3-issue…
8/ Of course, Bitcoin isn't the only story. Let's pop on over to the world of Ethereum. Despite the counter narrative, @DiarNewsletter shows ATH for monthly ETH dapp volumes. diar.co/volume-3-issue…
9/ Still, without a doubt, the story of the moment in Ethereum is DeFi. In their long form Ethereum report, @Delphi_Digital charted the growth of ETH staked in Maker in other dapps. delphidigital.io/ethereum
10/ The crew over at the just launched @tokendaily research team also looked at DeFi, focusing in on the massive growth of @UniswapExchange tokendaily.co/blog/pnl-analy…
11/ To track up to the moment info about the total value locked in decentralized applications, you can also use @defipulse Here is a snapshot from this morning.
12/ In the same report mentioned above, the @Delphi_Digital also looked at the correlation of sentiment with ETH price over time, with some promising news for ETH bulls.
delphidigital.io/ethereum
delphidigital.io/ethereum
13/ An interesting question has recently come up about whether Bitcoin and Lightning also count as decentralized finance? Whatever your take, the growth in Lightning over the last year is undeniable, as captured by @ResearchCircle in that same Q1 report.
14/ Of course, as much as the narrative has shifted to DeFi, the pop in Ethereum a few years ago was driven in large part by ICOs. @BitMEXResearch recapped that funding landscape. blog.bitmex.com/initial-exchan…
15/ The context for that ICO recap was a report on the new kid in town: Initial *Exchange* Offerings or IEOs, which have exploded on to the scene. Both @BitMEXResearch and @ResearchCircle have looked at returns from 2019 IEOs.
16/ It's hard to deny that exchanges have moved into the central role in the market. Yet, thanks to dust kicked up by @BitwiseInvest there is new focus on fake volume. @lawmaster of @TheBlock__ dug into reported volume compared to web visits & made some real vol estimates.
17/ What about the funds who were so much a part of the crypto story over the last couple years? They haven't gone anywhere, but their texture and approaches are evolving, as captured by @ResearchCircle
18/ What else? Well, how bout the emergence of staking as a major activity. @DiarNewsletter back with more on Staked supply on PoS platforms. diar.co/volume-3-issue…
19/ Anyway, the point of all this is that:
1. Crypto - with so much on-chain information - is one of the data richest technological and financial spaces in history
2. It is full of incredible analysts and researchers who make the story of that data accessible to the rest of us
1. Crypto - with so much on-chain information - is one of the data richest technological and financial spaces in history
2. It is full of incredible analysts and researchers who make the story of that data accessible to the rest of us
20/ This is, by the way, to say nothing of the data aggregators like @nomicsfinance @MessariCrypto and more who provide tools and interfaces for anyone to dig in as fully.
21/ And this is also not even digging into the huge array of fund and price centric analysis from folks like @Ikigai_fund @woonomic @MustStopMurad @kenoshaking and many more who are literally exploring entirely new ways to organize and understand data.
22/ So yea, we don't get a full slide in Meeker's Internet Trends.
We get a basically unlimited amount data, on demand, at any time, with a huge number of brilliant and highly public interpreters.
I think we're doing it.
We get a basically unlimited amount data, on demand, at any time, with a huge number of brilliant and highly public interpreters.
I think we're doing it.
Appendix 1/ Love seeing more data careening in. Here we've got @intangiblecoins with more on VC activity and deal size over time.
Appendix 2/ Insanely, I left off the great stuff coming out of @avichal @ElectricCapital @MariaShen - check out their recent dev research as an example
