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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Spoke with the Bitclout team today. I thought this information was embargoed for tomorrow but it's out there now: Basically every major VC is in this project. Coinbase, Sequoia, a16z, Social Capital, DCG, Pantera, Huobi, Winklevoss Capital, Alex Ohanian, North Island Ventures...
I've confirmed with Coinbase and it's safe to say all of these investments are legit. I haven't been following this closely bc I've been heads down on other projects but there's serious capital behind this (and an equal amount of serious hate/litigation). Will be exiting to watch
Big Q I asked- w/o knowing a lot about this project- was, wouldn't anyone who joins just want to sell their personal tokens. The answer was "You could join and sell but there are a lot of incentives to not do that. You get more reach w/ more clout. If you sell, you give up reach"
Thanks to a rule change last year, retail brokers are required to share more granular data around their order routing activity. Looking at Robinhood's recently filed 606 report for Q1, it appears RH received nearly $100m in payments for stock and options order flow.
Breakdown of order routing of market orders for S&P 500 names in January by execution venue: