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22 Nov, 4 tweets, 4 min read
1/ In the run up to @ethereum's Beacon Chain merge, there has been increased discussion around the apparent merits or pitfalls of liquid $ETH staking.

With roughly 20% of all staked Ether sitting in liquid pools and even more staked via CEXs, the debate is warranted. ETH2 liquid staking in pools
2/ The percentage of $ETH staked to the circulating supply is ~7% currently, far from the 50%+ seen on chains like @Polkadot, @solana, and @cosmos.

In absolute terms, total staked Ether is valued at approximately $34B, over $7B of which is in staking pools like @LidoFinance. staking - top layer 1 blockchains
3/ The adoption of decentralized $ETH staking pools has been remarkable.

Beyond @LidoFinance's 88% liquid staking ETH market share, @stakedTokens and @ankr's StakeFi comprise 7.5% of the remaining market. Eth2 liquid staking balances
4/ Learn more about ETH2.0 staking in the full article from @davisbourland messari.io/article/slip-s…

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More from @MessariCrypto

Messari Profile picture
18 Nov
1/ Listing assets across a variety of exchanges is time-consuming, and purchasing NFTs of the same collection from a variety of exchanges has been tedious, until now.

@genie_xyz seeks to solve this as an NFT aggregator, or as the team describes it, “The Metaverse’s Aggregator”.
2/ @genie_xyz offers two features, Genie Swap and Genie List.

Genie Swap enables anyone to buy or sell multiple NFTs across a variety of marketplaces in a single transaction.

Genie List enables users to batch list NFTs on a variety of marketplaces within the same transaction. Batch swap your NFTs across marketplaces
3/ To date, @genie_xyz has facilitated over 6,500 ETH (~$26M) in Swap volume, notable considering the protocol experienced significant volume while in beta.

Perhaps more interestingly is that Genie’s impressive swap volume comes from under 2,000 swaps. Genie has facilitated over 6500 ETH in swap volume
Read 4 tweets
Messari Profile picture
17 Nov
1/ To wrap up Q3, we tracked down many of the top venture capital firms and hedge funds in crypto (e.g. @a16z, @AlamedaResearch, @fabric_vc) and recorded their liquid portfolios.

Our analysis shows that combined, 53 funds hold 228 unique assets across various sectors. The most commonly held assets by crypto funds Q3'21
2/ Of the top invested assets, @solana possesses the highest-circulating market cap (with BTC and ETH omitted).

@BreederDodo possesses the lowest circulating market cap of the top 15 fund-owned assets while @ArweaveTeam possesses the lowest circulating market cap of the top 5. Solana holds the highest market cap of top crypto fund inves
3/ Similar to Q2, venture investors clearly see large potential within the smart contract and DEX landscapes.

However, it’s worth noting that while file storage is a unique category, it has a strong market share compared to other niches. Smart contract platforms remain the most heavily invested ca
Read 4 tweets
Messari Profile picture
11 Nov
1/ The largest DEX perpetual markets primarily focus on @ethereum.

However, a market for @solana perpetuals has grown, with @mangomarkets, @DriftProtocol, and @bonfida leading the way.

The Solana ecosystem now accounts for 0.8% collective volume-share, and is actively growing. DEX perpetual volumes in Et...
2/ The @solana ecosystem has grown significantly over the last month.

At the beginning of October, Solana accounted for roughly 5% of the non-@dydxprotocol DEX perpetual volume.

Fast forward to early November, the 7-day market share has grown just shy of 30%. Ecosystem perpetual volume ...
3/ Despite controlling >1% of total DEX perp market volume, @solana has gained a notable share in markets that matter most to its users.

Solana DEXs will likely be the first to launch markets for Solana ecosystem tokens too, which seeds additional volume and liquidity growth. 7 day volume growth matrix ...
Read 4 tweets
Messari Profile picture
9 Nov
1/ @ArweaveTeam has grown tremendously in the past few months.

On 10/16, the Blockweave – a blockchain-like structure designed to enable scalable, efficient on-chain storage – reached 20TB of data stored on the permaweb.

The first 10TB took 1,139 days, the second took only 87. Arweave data storage is gro...
2/ The catalysts of @ArweaveTeam's exponential growth can be narrowed down to three categories:

+ inexpensive NFT on-chain storage
+ Web3 dApps: social media, music and movie streaming, etc.
+ blockchain storage for layer-1 smart contract platforms Arweave ecosystem (Oct 2021)
3/ @ArweaveTeam's app ecosystem revenue has grown exponentially in the past few months.

According to the @web3index, Arweave has generated the highest network-usage Q3 revenue than any other protocol within the Web3 Index - 5x that of @Filecoin in September and 8x in October. Arweave leads other web3 pr...
Read 4 tweets
Messari Profile picture
2 Nov
1/ As the @solana ecosystem continues to expand, NFT sales have exploded.

In just its 2nd month of NFT trading, Solana experienced a substantial increase in both the # of projects and trading volume.

By the end of September, total NFT secondary sales volume reached $500M. Solana September witness over $160 million in secondary NFT
2/ As one of the first popular NFTs on Solana, @DegenApeAcademy has benefited both from being a first mover and from the popularity of ape NFTs.

However, the lion’s share of sales were from its first month, so we'll see if the project can maintain its status over time. Degen Ape Academy remain the leading NFT secondary sales vol
3/ Like @ethereum, a few projects possess a majority of the secondary trading volume on @solana.

However, Ethereum NFT projects have several varieties.

If Solana wishes to truly vie for NFT dominance, it will have to support other types of projects beyond collectible pfp NFTs. Solana maintains competitive NFT stats compared to Ethereum
Read 4 tweets
Messari Profile picture
1 Nov
1/ @iearnfinance is made up of multiple products:

+ Vaults
+ Earn
+ Iron Bank
+ Special

Each product provides unique value to the yield aggregator, however the new V2 Vaults have provided the most value in recent months - $3.6B (68%) of the total $5.4B TVL accumulated. Yearn 2021 TVL growth by product
2/ Looking at the first phase of V2 growth from March to June, both deposits of stablecoins and volatile assets increased significantly.

However, the second period of growth is noticeably different. Stablecoin counts in vaults actually declined from mid-September to mid-October. Yearn Top V2 Vault 2021 Growth
3/ $1.5B (57%) of TVL in the top seven V2 Vaults come from 18 partner protocol integrations.

@AlchemixFi is the largest depositor contributing nearly $600M across yvDAI & yvWETH vaults.

@SushiSwap's BentoBox is the second-largest protocol contributor with over $583M deposited. Top Yearn V2 Vault TVL contributed by protocols
Read 4 tweets

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