1/ Liquid tokens have thousands of buyers and sellers, but NFT transactions requires a single buyer/seller––pointing to lower liquidity.

To solve this issue, projects focused on the financialization of NFTs are attempting to make NFTs as fungible (and liquid) as possible. NFT Financialization Stack
2/ The top four NFT liquidity protocols - @NFTX_, @NiftyMuseum, @uniclyNFT, and @fractional_art hold nearly $80M in combined TVL.

Unicly currently possesses the greatest market share with 43% of the total value locked.

NFTX leads NFT20 among liquidity pool protocols. The NFT Market Liquidity In...
3/ While both protocols have been live for over a year, @NFTX_'s V2 upgrade has already shown to be quite successful in accruing NFTs.

Conversely, @NiftyMuseum possesses more NFTs in its liquidity pools, however, these NFTs on average tend to be less valuable. NFTX Continues to gain more...
4/ Get the full breakdown of the financialization of NFTs in the full article from @eshita and @masonnystrom messari.io/article/the-fi…

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More from @MessariCrypto

24 Nov
1/ Available now on @duneanalytics:

The Messari Compound Financial Statements Dashboard!

This dashboard is updated in real-time and allows users to dive deeper into the key metrics and data that were used to create our recent quarterly report - the State of Compound Q3 2021.
2/ This dashboard was created by Messari Analyst(s) and commissioned by @compoundfinance, a member of Messari Hub.

It was created to provide deeper insight into the data and visualizations used to assess the micro/macro statuses of the protocol, as well as token parameters.
3/ The dashboard presents key metrics such as:

+ Outstanding Deposits/Loans
+ Liquidations
+ Aggregate Deposits/Loans
+ Utilization
+ Daily Interests Accrued
+ Revenue
+ Incentives
+ Borrows
+ Reserve Factor
+ Speed Factor
+ Collateral Factor
Read 4 tweets
22 Nov
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
Read 4 tweets
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
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
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
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

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