Q1 2021 marked the beginning of the long-awaited ecosystem wars.
In this week's recap, we dive into the weekly performance of the most popular protocols across different Layer-1s.
Ethereum
Assets with longevity on their side showed the highest resilience during the week. As of April 22nd, $MKR and $COMP were the only two assets in the Ethereum ecosystem with positive weekly returns.
Cosmos
All assets in the Cosmos ecosystem suffered last week. $ATOM, the chain's native token, had the worst performance ending the week with a -27% return.
Binance
$CAKE was the clear winner in the Binance ecosystem with a weekly return of 17%. $CREAM came in last with a loss of -26%.
Polkadot
Polkadot's assets as a whole were the worst-performing of the week. All of them suffered two-digit declines.
Solana
After a bumpy start to the week, $SOL ended the week strong with a weekly return of 29%. $KIN and $AUDIO were the laggards of the group with weekly returns of -26% and -28% respectively.
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🧵
1/13
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