Derm Profile picture
Sep 26, 2021 7 tweets 5 min read Read on X
1/ $ETH is easily the most compelling cryptocurrency broadly among the crypto community

We can see this in how rapidly the number of #Ethereum active wallets is growing
2/ Total value locked in DeFi protocols on #Ethereum hit all time highs recently. Currently at $124bn

Source: @DefiLlama
3/ The number of daily transactions on #Ethereum broke 700k recently (30 average)
4/ And finally $ETH is $BTC 2017. this is one of my favorite charts by @RaoulGMI
5/ And as mentioned in the #NFT sub-thread, #Ethereum NFTs are a huge driving force behind mass adoption and growth on #Ethereum.

But to give you a taste, @OpenSea, the largest NFT marketplace, has seen active users go from ~400 in September 2020 to ~30,000 today
6/ For details on #Ethereum NFTs, see the #NFT section for more details

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More from @DermanCapital

Mar 7, 2022
@OasisProtocol: Perfect Recipe for Institutional DeFi

🧵 $ROSE Image
1/22 A key issue for institutional and mainstream adoption of decentralized blockchain is privacy

For example, a bank will not participate in on-chain transactions if 3rd parties can see their wallets and activities
2/22 For crypto to go to the masses, privacy has to be part of that future

@OasisProtocol is one of the key players trying to fill this role
Read 24 tweets
Feb 18, 2022
#Bitcoin: At the Forefront of Macro & Geopolitics

🧵 $BTC Image
Today couldn't be a more bullish environment for $BTC from a fundamental / adoption perspective

From a decentralized power view

From a geopolitical view

Yet BTC is down ~40% form the Nov highs Image
New participation started declining in May 2021 as can be seen with the short term holders starting to decline at that point last year Image
Read 18 tweets
Jan 11, 2022
@MetisDAO: A Diamond in the Rough of #ethereum L2s

🧵 #Metis / $Metis
1/ @MetisDAO is an extremely ambitious project that seeks to build a $ETH L2 with EVM Equivalence and higher decentralization than other L2s
2/ @MetisDAO started as a hard fork of @optimismPBC

Andromeda, the L2 mainnet, was implemented in Mid November, and is very impressive relative to other L2s by using parallel sequencers that allow for infinite scalability (theortically) unlike other optimistic roll ups
Read 22 tweets
Sep 26, 2021
1/ All Things Crypto

A thread
2/ TLDR

1) #Crypto is growing rapidly with mass adoption through #NFTs and the market is rewarding L1s with this functionality

2) $BTC is driving the crypto market and continuing the 4 year cycle

3) We should watch out for L1s decoupling from BTC cycles as adoption accelerates
3/ Today, I want to cover all things crypto that I am seeing in the market. These are broken down in the following sections:

1) Macro
2) $BTC
3) NFTs
4) $ETH
5) $SOL
6) Layer 1s ( $AVAX, $DOT, $ADA, etc)
7) Super Cycle Theory
8) 30k Foot View of #crypto
9) Final Thoughts
Read 14 tweets
Sep 26, 2021
1/ The Super Cycle Theory

Many of been hearing the idea of the #supercycle for #cryptocurrencies and I want to give my take on this idea
2/ But first, let me define what the super cycle means to me

It is when #cryptocurrencies including $BTC break away from the historic #bitcoin cycles corresponding to the #bitcoin halvings

They start to go up or down based on their own fundamentals
3/ It is abundantly clear these cryptocurrencies such as $ETH, $SOL, and $ADA have yet to hit escape velocity

For example, when #bitcoin crashed in May 2021, all other #cryptocurrencies still crashed and crashed way further than bitcoin
Read 7 tweets
Sep 26, 2021
1/ There are other layer 1s being adopted. Some layers 1s include:

1) @avalancheavax

2) @Polkadot

3) @Cardano

And so many more that are in development or early stages
2/ @avalancheavax

Another smart contract platform, $AVAX has gone from 0 to ~$4bn in TVL in 6 months

Source: @DefiLlama
3/ $AVAX continued

Let's not forget those NFTs
Read 10 tweets

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