In VC speak, interest rate swaps are the largest component of the OTC derivs market in tradfi. Notional value of contracts is in the hundreds of trillions.
People need these markets to hedge their yields, borrow costs, and of course to express their views on future rates
We led the rounds in @pendle_fi and @StripsFinance who we believe will be some of the winners of this space
Also @Horizon_Fi which is introducing leverage in V2
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2/ NFTs like "Stay Free" sit at an intersection between Art and Historical Relics
From an Art POV, it's aesthetically impressive & meaningful having a shaded motif of Snowden's face set against court documents related to his whistleblowing
3/ With proceeds going to @FreedomofPress, the art piece was clearly meant to pay homage to both the Snowden saga and the resulting worldwide movement that resulted from his whistleblowing
3/ In terms of addressable market, Covalent serves every person, project and blockchain that needs data querying. Since January of this year, they’ve grown from 20 Million Monthly API calls to 142 Million API calls in March
Ethereum vs Binance Smart Chain Daily Transactions
It's interesting that these ethereum network activity metrics are only just starting to surpass peak of last cycle and growth doesn't yet seem parabolic, indicating that there may still be a lot of room to grow