Asset prices across all sectors reached new all-time highs as that bull market continues with full force.
Here is a recap of what happened 👇🏻
In this piece, the @MessariCrypto research team and I dive into the performance of the overall market and drill down on some of the top-performing assets in each sector according to our taxonomy.
The top assets by market capitalization were dominated by $BNB. The token's run was fueled by the rise of Binance Smart Chain as a low-cost alternative to Ethreum.
Further aiding $BNB's run was the exchange's accelerating volumes and earnings fueled by white hot crypto markets.
Among DeFi assets, $CAKE and $LUNA were the clear winners. Both assets had a fantastic quarter reaching a total quarterly return of 3031% and 2403% respectively.
Solana came out on top among smart contract platforms. The rise of its application ecosystem during the quarter was one of the main catalysts behind the token's performance.
The decentralized exchange sector saw some impressive returns. Aside from $CAKE, $RUNE and $BNT had a phenomenal quarter fueled by news of investments and protocol upgrades.
Storage protocols such as $AR, $STORJ, $FIL, and $SC dominated the web 3 sector as awareness of the importance of file storage proliferated throughout the quarter.
Check out the full report to dig further into the details of the events that drove the Q1 performance of:
- Top assets
- DeFi
- Smart Contract Platforms
- Centralized Exchanges
- Decentralized Exchanges
- Web 3
After almost two years of shortages, retailers suddenly find themselves with too much product
Despite the short-term troubles, this situation may prove favorable for risk assets (crypto included) in 2023
Let me explain🧵
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CPI is composed of multiple components weighted according to importance
Energy represents 7.5%
As the Russia-Ukraine war continues, it is **highly** likely that crude oil supply shocks will keep on putting upward pressure on gas prices resulting in more inflation
Unfortunately, tighter monetary policy (aka rate hikes) doesn't help with commodity supply shocks
If you want to update the map, you'll need to update the "land_data.csv" file in the repo with updated LAND trades. You can download the most recent sales data from our @TheSandboxGame dashboard in @DuneAnalytics