In honor of Ether hitting an all-time-high above $3,000, I am sharing some bullish stats and charts about the second-largest cryptocurrency from The Block's data dashboard.
First off: Transactions on the Ethereum Network hit an all-time-high last month of 41.7 million.
Looking to the derivatives world, open interest across ether options markets has soared this year.
At last check OI stood at $4.1 billion — up from under $800 million at the beginning of 2020.
Looking at futures, CME's ether futures market - which kicked off in February - grew from $68m in open interest on March 1 to $373 million in OI on May 1
Aggregate open interest across Ethereum futures recently hit an all-time high of $8.6bn
On the DeFi front, DEXes are seeing their trading volumes as a percentage of centralized exchanges surge once again.
At last check, DEXes were seeing more than 15% of total centralized exchange spot trading volumes
In April, DEXes facilitated $14.5bn in traded volumes.
This is one of the coolest charts in my opinion:
Gross value locked across Ethereum-based DeFi now stands at nearly $78 billion
Just one year ago (May 2 2020) that number sat around $700 million.
100x increase.
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"In addition to receiving cash deposits directly from FTX customers, Alameda benefited from undisclosed features of the FTX platform, which were embedded in software code developed by Wang and other FTX engineers, and which allowed Alameda to divert FTX customer assets."
1) Negative Balance: "Alameda was able to maintain a negative balance in its customer account at FTX."
2) Line of Credit: "On multiple occasions, Bankman-Fried directed FTX engineers, including Wang, to increase the amount by which Alameda could maintain a negative balance in its account."
1) I'm absolutely gutted by this news, which was briefed to the company this afternoon.
Underpinning my shock are feelings of utter disgust and betrayal by Mike’s actions, greed, lack of disclosure. He's literal scum. He kept every single one of us in the dark.
2) I put my trust in him to run The Block as an independent media entity as CEO and majority shareholder — and was misled. This is really painful because I’ve put many years into shaping The Block into what it is today. I also thought of him as a friend.
3) Had I known about this, I would have not only called it out and disputed his actions, but called for an immediate change in leadership. Putting aside the FTX meltdown, there is no excuse for his deception and disregard for the 160 people who work at The Block.
So much of this is more better understood with hindsight but in 2019 the space was shadowy and cut throat and it wasn’t clear if Su — a heavy investor in LEO — was trying to tarnish the reputation of a competitor. But we took the claims seriously nevertheless
Also I find this screen shot hilarious because I’m literally asking for proof that the FTT raise was to cover a hole in FTX’s balance sheet and they’re like “no” “impossible to prove”