Coinbase is dropping their Q1 financials today. The revenue figure alone will blow people away. Based on my model, Coinbase will generate $1.45B in revenue Q1; about $1.13B coming just from transaction revenue. That's 13% more than the revenue of the entire 2020.
We can get pretty close to the actual numbers IMO because we have the perfect data for volumes and previous ratios. My assumption is that the ratio between tx revenue and volume drops from 0.55% to 0.35% because more volume will be market makers and therefore lower fees
If it doesn't drop as aggressively as I think, the revenue number would actually be even higher. This is what I'm expecting though and it's gonna make a lot of people take the direct listing more seriously.
Interesting situation going on with ForceDAO. Liquidity has been withdrawn, price is down 90%+ and there are indications that it could have been a white hat "hack"
I would highly advise not to trying to trade this though. There is a lot of unknowns still. It looks like there were two exploiters and the one who returned FORCE didn’t drain the UNI pool. Not sure if they are associated
1. Great browser wallet 2. Top notch block explorer 3. Native stablecoins 4. Robust infrastructure provider and API 5. Strong developers and incentives 6. Data analytics suite 7. User funnel and cheap onboarding
By looking at these parameters, nothing comes close to Ethereum and likely won't for quite some time.
EVM-compatible chains obviously have an advantage since porting infra and developers is easier.
If you do want to diversify exposure beyond ETH though, I'd suggest focusing on these parameters. The better they are fulfilled, generally the better the chance of success will be. Take a very non-tribal approach and focus on where the wind is blowing, not where it's at now
CZ is right now doing an AMA on Clubhouse and there were like 10 random people already asking questions and not a single one about the CFTC.
Someone just asked. CZ: “The reporting already said there is no misconduct by Binance. As a business, we must maintain no comment policy on regulatory issues. In general, we maintain very collaborative relationships with regulators around the world and have an active dialog”
“Some journalists want to get some clicks and sell some ads. Max Baucus also just joined us so we are actively trying to work on these regulatory relationships”